The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1874-07-21

Gkeqrtteltiqe ~:
Tho Insurance Companies and the
Chicago Firo.
Prom the chicago Tribune Of saturdsy.I

Tho Insurance Companies and the
Chicago FlTe.
From the Chicago Tribune Of Saturday.
The adjusters and agents Of the various
insurance companies, which were suffer-
ers by the fire last Tuesday, are busily
engaged In adjusting and paying the
claims as fast as presented. The losses
OF the companies are not as large as at
first supposed. Large quantities Of prop.
erty and stock which were supposed 10
have been destroyed have been salvaged,
reducing the losses Of the various COM
panies by large amount. Besides, some
buildings escaped that were supposed to
have been burned, like those on the west
side Of Fourth avenue, between Harrison
and Polk, and the buildings on the east
side OF Wabash avenue, between Peck
and Hubbard courts, among which are
the valuable residences Of Messrs. Rosen-
field and Rosenberg, the furniture oFWhich
was alone insured for $4,000, and which
Is but little damaged. The greatest trou.
BILE in adjusting claims arises from the
fact that many claim total losses, while
they have saved most Of the property in.
sured. The agents state that II persons
swear to such fraudulent statements, they
are warranted in refusing to pay the
claim at all, and besides these parties
make themselves liable to be prosecuted
for perjury. Z7s.Ei.a
Messrs, Snyder and Assay, who had cal.
culated the losses Of the companies they
represent at from $50 900 TO $4,000, say
they will be able 10 settle at from SEQ 900
10 $4,000.
MesarS. Davis & Bequa, Barrett s.
Montgomery. Cucat & Lyon, report their
losses about 20 per cent less than at first
supposed. ~
Mr.. James B. Floyd states that the Fire.
mans, Of Dayton, O., which was set down
with loss OF $500, has no loss at oil,
the building which the insurance was on
having been saved, The amount OF loss
OF the other two companies this GENTLE
man represents to be about the same as
first stated. S ~
Messrs, W. q. Cunningham 6 90. re-
port the losses Of their companies about
10 per cent less than at first stated. Mr.,
James Ayars, Jr, who represents the
PH@aix, of Hartford, states that the loss
Of this company will not be more than
$4,000; 1t was at first reported g., $50.
MIR. Ayars also states that the losses Of
this company at Oshkosh are very small.
II. s. Tiffany s. %. report that the loss
Of the Allemania, oil Pittsburgh, which
was set down OF $25, 600 will not be over
$4,000, and that Of the Millvllle Of New
Jersey, which was at first supposed TO
amount to $4,000 would not DO more
than $4,000. Most Of the other agents
either report their losses about the same
as at frat given or as not having yet had
time TO adjust the claims and find outthe
amount Of salvage. , lI5olaiaI
The total loss Of all the insurance com.
panles, which was calculated at $685.
400, will not foot up over $9OO0,0O0
All the companies are paying promptly
and in full, and mono Of them seem in
clined to cease underwriting in this city.
On the contrary, they take all the risks
they. can get, believing the fire to have
been great blessing, as that part OF the
city which has heretofore endangered all
our valuable business property will now
be rebuilt with substantial Gdidces, and
It will also lead to complete reorgani79-
tion Of the present rotten system Of our
Fire Department, ag-lE III.
The williamsburg City Insurance Com.
pany announces It's Intention to pay losses
by the recent fire, when adjusted, without
claiming the sixty days delay stipulated
iorih the policies, and without making
any rebate Of interest for the anticipated
time. ,-ts
NV. YOUNG,
Of New York, who left that city Wednes-
day evening, has come to Chicago In be.
hall of the Trademark and Commerce,
Of New York, and the Commerce, Of Al
bany. From the latter he brought q
letter to their agent, Mr.. Ross, withdraw.
ing the Company from this field. He
states also that there was such o feeling
Of disgust at the insufflciency Of the Fire
Department that he thought others
would follow the example of the Com
merce. Being asked what companies
would do so, he replied that among others
the foreign companies, notably the Scot
tiSh.
This he believed was not so much on
account Of the loss they had sustained, as
by the feeling that there was no security
to be looked for In the future. - =
REPORT OF TIE NATIONAL BOARD.
Reporter-What gives rise to this feel
Ing In New York; sst. .0a
Mr.. Young-There was a committee
from the National Board oil Fire Under
writer's out here, and they have Just con.
cluded their report. 1t has not been pub.
lished yet, but its tenor Is generally known
among insurance men.
R-What is itp aGAbfth
Mr.. Y.-They complain generally oil
the lack Of organization, and especially Of
such facts as these. That the engine.
houses are little better than places Of re.
sort Tor lewd women. That the hremen
use the horses 10 60 of buggy.riding,
and that the whole Thing Is managed IN
the interests Of political CLIQUE. Il was
found necessary 10 subserye their inter.
ests 10 organize o colored company, be.
cause 1t was ielt to be necessary TO do
something to secure the votes Of the COL
ored mon. ''aa. =.
y !, TALkoE WITHDRAWAL.
R-This Is news to US here. From
whom does the talk Of withdrawal come
Mr.. Y,-From the Directors and stock
holders, For the most part these latter
are people out OF business, and they were