The new daily appeal. [volume] (Carson City, Nev.) 1872-1873, 1873-01-19
Ghe Aew 4ailp Spiral.
.n,rrrurNG MORE OF THE IN
suRANCE QUESTION.

A0MRVHING mOHb OE
srRANCE QUESTION.
It's an entertaining thing to OBJ
.erve the steadfast and ingenious
pertinacity with which the Enterprise
adheres to the side of any question
to which its caprice may lead it. l"
yesterday's issue of that excellent
medium of news we actually find an
article in response to our own con-
elusive statement of facts of the day
before; and not only does our con-
temporary insist upon its own ex'
ploded premises and arguments, but
it attempts to add spice and stimulus
to the same by the employment OF o
withering epithet in speaking OF the
present harmless and we'll meant en-
actment-stigmatising it as 1.-The
Insurance Act Outrage" Under
this dreadful head we find an editor
isl article which is divided of into
duly numbered paragraphs, the first
of which reads as follows:
1. The destructive fires of the pas
eighteen months have demonstrated
that division of risks among many
companies is absolutely necessary to
the protection of the insured. After
the Chicago fire, most of the local
insurance companies went into liqul-
dation, paying but small percentage
on their losses. Had u law been In
existence in Illinois compelling
deposit of bonds by foreign insur
ance companies before doing bust
ness in that State, the risks in such
companies would have been small.
and not ten per cent. of the property
policies in Chicago would have
been paid. This is admitted by the
Chicago Tribune. So much for the
protection of the insured.
Now it seems to us that the deduc
lions drawn from the facts here pre-
seBted are singnlarly erroneous; for
the thing most evident from this
showing is that the gravest misfor
tune which befell the property own
ers of Chicago was that there. was.
near at hand, too great an abundance
of local companies who not onl,
promoted competition to that dan
eerous extent which involves the
upwarrAnted taking Of risks, but in
vited Just what our Insurance Law
discourages and prevents, namely,
the setting up and carrying on OF
wild cat insurance companies. 1t
seems to us that if Illinois had had
such . law as ours the Chicago
property owners would not have been
20 sadly crippled as they are by the
failure of their own domestic com
panies-for those weak backed con-
Germs couldn't have ''put up, and
would have been forced out Of the
market.
In section two of the Ente7p-ise's
r-rejoinder the statement is made
that, notwithstanding the agreement
Of the San Francisco fire underwrit
ers as to rates, such rates are not
uniform in the State of Nevada-and
We are referred to parties and in
stances in our own neighborhood for
proof of the assertion. This may be
20; and if it is. it proves that there
10 siready aconsiderable competition
here; but it does not disprove or
weaken what we have already stated
regarding the mutual agreement en-
tered into between all the companies
ON this coast; for, as we then partic
ularly mentioned. the said agreement
il . matter of recent date-namely
Decsmber 1872. Before those thirty
two companies had thus agreed upon
, tariff of rates, it is more than likely
that there was some replacement O
per centage, here and there, by
agents who were more anxious to gel
business than to conduct it probably
In the third count of the Entr
prices answer it affects an amusing
solicitude for the welfare of the
Stats, aud calls our attention to the
fact Eliminating that we "discreetly'
make no reference to the same) tha
certain insurance companies which
are doing business in Californi;
manage to evade the S25 quarterl,
tax by having mere dummy agent:
here who do all the business for theil
e