, 1874-10-12

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CHICAGO INSURANCE.
THO New York Daily Bulletin, aud the Anseri.
ca,. 'Grceer, another New York paper, defand
tho course Of the iaBurance companies towards
Chicago. Tho lu:ter Journal thlukH tho propo-
sttious Of tho National Board no. only poas-
bio Of accomplishment, but reasonable and
necessary TO make our city fit place to take
riaks 10. II jas:lhes tue ection 0: tho compa-
great FIRE Of 1871, absorbed not only MI the
money over made bT them IN tLls city, but What
they lal u1ade In other cite5 as vol
because tllat dlsaster ruined somo Of them
utterly, aud came near running others. It
h but tair, it alds. that Chicago should
nov provide every possible protection against
fire. md contribute to tie support OF those CON.
pauies which redeemed thelr pledges in 1871.
The removal Of dangerous elements, tho subssi-
tuaion Of adequate for inadequate water-matua,
the reorganization Of thu F!ro Department, and
the erection Of parapet walls To countcract tho
ehect Of high Winds, were only reasonable de-
mauds. The action Of tho companies WAS uot
dictated by desire to hurt tho credit Of Chicago
Tho intercs!s OF thousands whose property IL all
urensa1 in insurance. btoc1H demanded thai tho
companies Should tako sono such step ~ Troy
Aayo takan. Every man in the country who has
picro Of property insured IL Interested in
tho soiseucy ot tho insurance companies. Ci,i-
cago itself is Interested ln their aolyoncy. That
they should tako measures to insure their
ao!vency, therefore, was Just and reasonable.
Chicago will be the party most benefited by
their action. Another conaagration like that Of
1871 would ruin Chicago. Tha world would
tes. No would no. find = second time tho SYM
pathY satendoh to us In 1871. Wo would not
deacrys repetition Of that sympathy, especially
il vo take no n,saAures to pr9ye,t repetition Of
tho calamity tna. ELECTED Il. It Is our duty to
accept the terms OF the cnu,paniea, 10 remove tic
psgils that surround us, to comply with tho sea-
| sonable requirements OF exports, and show the
country that We havo 1 due apprecia-
| ton Of safety. The whols country ia
interested that CAe.so shonld 10 this,
AVA bAo GoAAtat ~ t4to! EHttA AL LILO RQlfa
enoy OF the insurance companies. Such iu SUBJ
stance arc tho Views OF tho Grocer. They arc
| both intaiGgent and just. No hare no faul: tc
ind nish them. Our only criticism on the nc.
tton Of the National Board Ia thai it did not give
Chicago time enough to comply With its de-
maads, md NO ore glad to notice that tho Uroces
IL Of the sa1na opinion. The Btlletin does mol
| LOOK on tho caso OF Chicago ~ an excepilona
| one. Pres, It reInhrk1, are nowhere Eu frequent
as III tl's United states, TurkoT, perhapa, o.
copied. The aa1ne demands tint hayo bee,
made Of us will be made Of other cities. Tht
insurance companies recognize thu. they haye NJ
alternative III thhs country but Insolvency Or
di1ninution OF tho risks OF flro. For the laB
twenty years Insurance las bcen losing bust
neas. Tho companies hayo preferred to In
aat upon the adoption Of precautions against fire
ratherthau Increase their rates. WeagKee With th'
Butettn chat this was the better course to take
It IL tho course which economy 1lctatca, eioc'
uheu property ia destroyed tho country loaes Jun
ss much wealth, insurance Or no insurance. I
the National Board will require tha same term
of every city In tho Union that they haye requires
Of Chicago, tho country will b great gamer
for next to tho production Of wealsh nothing 81
cuuluoes to nations material woll-being ~ II
preservation.
The people of Chicago. in caillug Con. shalo
to tho ci.y. have given evidence Of theis detasnal
nation to do ali in theIr power to meet tho de
nanl8 Of tho Board. Thoy haye shown tha