, 1874-10-11


| Since the Withdrawal Of the National Board in
| surauca companies nu1nberless outside co1n
panles have taken advantage Of the s4tuatio
| md established agencies in this city. Thea
| companies write RISKS on any property at an
ratee. aud consequently do u large business, ea
pc ecialIy among the more ignorant classes Of on
population, who think one insurance company i
as good as anolLer. Many Of thess people have
| had their eyes openel l4te!y br tho collapse O
the HANNIBAL, of Missouri; the Peoples, of rhi!a
delphia; aud the Atlantic & pAclic. Of This city
] Had they bean little mora careful, and inquired
| into the standing OF these companies, thel
would not now find It necessary to hold inogna
ton meetings for the purpose Of condemu;ns
the officers Of these companles for swindlini
them.
insurauce companies having capital Of les!
than $50, 600 are not atlowed BY law to do busi
n this city, and wiEe provision it il. Sill
they overcome the difficulty or
APPOINTING SOLICITORS
instead Of agents Tie policies are made out al
If coming frcm the homo office. but the so
lcito1s have signed blank fo,nls au ready, aud
the policy never goes to tho home Office. Some
Of these brokers may be honorable men who try
to make an honest l;ing, but q majority Of them
are unscrllpulous, Irresponsible fellows. who
care not whether tho insured gets his money in
case Of accident or not. In most cases. il suf-
ferer csl'e fer an adjustment Of his CLAN. he is
not only told that he cannot get his dues but he
is also insulted.
ONE OF THE AGENTS
whose companies wa,e exposed in yesterdays
Tribune demonstrated against the allegations
made against him, and euphattcaily uisclaimed
any connection with the companies mentioned.
except the Comme.c cial OF Wheeling, and this
one he claimed had promised to comply with tue
law within week or two Onr1eius asked il he
had not written in the Nail Cit. Of Wheeling. lie
ouirsy, it vas learned TINT the mans father was
the Secretary Of the Nali City Company, and that
the young Man has started IN agency hare mere
y to do tue Company business. THIS Company
Is widest institution. AID many people
in this city hold steel: in it. \ prominent real
stock, went 70 tae sou IF lis "a her, after read
11.g the a:t!cie il Tue TRIBUS., aud asked him
what stock III that Company was worth. lie was
told 100 cents On the dollar. Tue gentleman
offered to sci! hi1l al tie stock hc held ut so
csnts Oh tbs dollar, Lut the otrcr IVES refused OIL
account Of his having already 81 00g worth ot it,
The gentleman then offered his s1~ca and hat
ful mole Of it If ,sauted, tor
TEN CENTS ON THE DOLLAR.
ard this Offer *as also refused by the aon of the
secs etary- This shows oes: thar tho agent him
self is rwale Of the character Of the Company.
and the Auuj:or will have clear case should ha
desire to look into this matter
There are nnalbsrless agencies in thia city
which represent uonc but companies that have
E,t the capital required bC Law. They do t!le
business Indirectly as solicitors. Two or thraa
agencies represent none bul
WEST VIRGINIA COMPANIES,
although it Is well known TACT that but one
Nest Virginia ccmoaHy has the required capital,
aad this one--the Frankln-ls considered weak
The Franal.n wss, up to s1io,t time ago, rep
resented by the prominent and respectable 1ir1n
Of s. u. :hooro j. Co. When it frht became
known that Tho Company as embarrassed these
men cent lette rs to the officers asking Informs
ton. as they intended to BE- personally y2sporsi-
bic fox all policies issued by them Tie infornla-
ton they received was net satisfactory, and they
have, therefore. given ap the agency, which Is
nor in the hands man who represents a!so tile
Fire aud Marine. Of Wheeling, and the Citizens,
OF Wleellng,-the former having q reDorted
capital Of 100000. and the latter's capital or
assets are not reported at all.
The other West Virgins Companies not hay-
ing the required cayltal. and Issuing policies
through solicitors in this citv, the E.na, Fire
and Marine, Ge1man. Mineral Mountain, Pes
body, and State.
AMONG TIE NEW JERSEY COMPANIES
issuing policies III this city IN violation of tue
law, are the Camden Mutual Insurance CouEanv.
OF ca!npden; Homo, of Newark; Humboldt, Of
Newark; Mechanics. OF Newark; National, Of
Elizabeth. n. J Fire. and Marine of Camden
Ihuniz: OF Newark; Union. of Jereey City and
Continental. of jersey CITY. OF penpsylyani
vania; MERCHANTS aud Mechanics OF Orvissbury:
flrs Insurance Company, Of Philadelphia, and
many others. There are also numberless
ComDcnies from Southern aud Southwestern
States doiug buzness in this city IN violation Of
tho law.