, 1874-09-25

pnricH hnyo gono into this thing, and hnvo mad
] IN tboir minda to Withdraw, It IL nnlonh.cdl
| with tlnt yow--tilat Chicago wll 20 10 work ant
J will not relax her oiFor'a until tito noodod I'd
forms nro carried out.
, noportor-Do you bollovo that prompted ths
action taken?
, III. Gootlwln-I know tiat homo Of tic mon.
bora OF tho Executive Committee entertained
chanta-.hnt there would DO a decided cla,go il
: tfo condition of things In two lnoutl.e.
RoPorter-Would not the gap 11lnsto by the
withdrawal Of tho Board companies bo lllod by
Alr. aoodWin--All tho outside companies
would undoubtedly como ln, but tLoy aro u CLAUS
of companies that could 10 no buuinoyH hero
wlton they Ind tue Board companies 10 ooinpoto
with.
l'eportcr-How about tho organization Of
locnl compauiea
| Mr.. uoodwin-Tho Withdrawal might l.ayo d
tendency to tho oraailzaton, of Chlcaeo cou,-
Bhapo, I could not sny. II foroign companies
hro atrail to Ito blssiions iloro, local companies
world bo afraid nnl hosldos tho experience Of
local companies horetororc has boon worry 1l.,-
Fortunate.
Ncportor-uavo you lad auy definite i,lstruc-
tiona from your companies to ccaao writing
| policies?
Mr.. unodwin-No.
| leoportor--3fl1l you continue issuing at tho
[ present rates until you got them?
Mr. Goodwln-Cortlny.
l!oportos-1s thoro q writton ogroomont to
| Withdraw?
Nlr. Goodwin understand tAoro is, but how
Hnny companies 1t embraces wo do nor know.
| If tito Citizens Association docs not relax itH
efforts, n'n salini1cd that, before great whilc
If they aocuro tho reforms uooled, good many
Of tho companies will como back: The feoiiug
Of good many Of tue companies IL with Chicago,
mud they will coma baok II thoro ia roasouablo
| gunraIIteo OF protection.
Koportc1-Whnt influence brought about tho
action Of tho Executive Coulnttoo?
MIR. doolwin-A unity Of Now York intereats
There ismore conpotition bptwoon that city aud
Chicago t>an any otlor, aud we understand that
Now York merchants, who aro stockholders in
tho companies, have boon anxious 10 haro this
aetion taken. II that DO true. you can soo tho
object. ..
RoporlorW1iich is to injuro tho crodit Of
ChicuEo abrond, ~ that our 1nerchnntg wil hayo
to go to Nov York to buy imported goods?
dr. douawin-lou can draw your oWn infor-
cncos.
Q. H. CASE.
Roportor-11ow TO you regard tho action of
the Committoe2 z
AIr. Caso-I regard it as sensational. nm
sorry to 300 IT. III 1t IL very unfortunate.
y, Neportor-;Do you think tho companies will
Air. Caso-It is rathcr difficult to say whothcr
nll will, because wo du not liu0W which oncHh hayo
nigncd tho compact. The resolution, It IL said,
WIS pabscd unanimously. Tho Executive Com
sent only two1ro eo1npauicB How many COM
panies thoy will ho abo to carry with ticm I
cni,l,0t ray.
neporIer-Is not thai action binding on all7
Mr.. Case-No. They hnyo 10 authority to gay
wlcro company sltAli do business.
neportor--Nllat do YOU HuppoDo was tho OBJ
jcot Of lassing tho reHoiution3
Mr. Caso-To Heoure tho roforna needed here.
neportet-1H It not Il sort Of fee1er to Hee what
effect tho Withdrawal would produce?
Mr.. Cnsn-It looks TO mo iiIo it.
Roportor-Tho companies cn,l do buasncsa
hero notwithstanding this action ii they
cliuoao tnf
: Mr.. t1aso-Yca, unloss they havo signed tho
con'Mct
1tepostor--Do> you know how many havo aiga-
hIr. Caso-I havc hoard that tliirty-lyo of tho
leading companies llnvo entered into III agrcc-
mont to withdraw; 'thas, howoyor. may not be
true.
lleporter-IIow many companioa TINT do busi-
ness hero nro represented III tho National
Boanl2
which are members or tho lucal board, not bulnd
by tho Action i'll n1ly WAy.
Noportcr-1lesponsblo companlos?
Mr. Case,-.Fnirly eo; not tho hoavy COM
pA1lieH, hut Lighter un1s.
Reportor-If these thirty-Avo Withdraw, will
not otllors bus losa reaponaiblo companies como
here? -
hlr. Caac--I think tloy will to certain OK
tent.
llcportcr-Do you think tho compauios will
Afr. Caso-Not il thero Is chance to maNo
money hoso; tho officers loro money tho SAINT
MS everybody olso.
lsorurter--1s it not tho fact that the lifo and
fire companies nto closely connected?
Mt. Cnse-That is tcuo Of certain ores In Hart |
ford, and tho lifo companios have loaned largo
Builss Of money here.
llcporter-Would not this unity Of interest ro-
sult III slo bringing Of pressure to boar on tho
National Board to rescind their action :. |
Mr.. Cause.-The Hartford companies will un-
doNbtelly bring thoir influence to boar,
Koporter-What capital do thoy repvasont ?
Al: case-notwooh M ao. .ooo. 900 aud slo, ooo, goo:
tho thirty-fYe companies is that !?
alr. Caso-About one-fourth. Tho thirty-lro
companies represent about $40, 900. .0U0 capital
:, Ropostor-What il tho aggregato capital of
tho other Doar1l companies?
Afr. Case-In tLo neighborlool Of $50. 600, 900: |
that does not include tho English companies.
=, Neporters-Do the foreign compancs belong to
tho Board
alr. oaso-Ycs; but somo of thom hayo not
atEnod tho ngreeInont.
Noporter-Woud all bo bound BY it?
VI: case--Ihcro is only ono that cannot DO
bonnt,.tlle , q. Royal. Of Liverpool, wlta capital
Ronortor-IIavo you hanrd anything about
Now Y0rk MERCHANTS insligatiug tic n,oyomcut
with tho Wow Of injuriug tho credit Of Chicago
abroad?
Mr. caao-I have heard that suggested, mud
there nro sonlo Indications Of it, but do uot
know enough about it to give you q definite no-
sWer
lioporter-Is it not fact that Now Yorh uer-
cl,unts who arc stockholders III Now York iusur-
alco Companies have urged this aetion'
alr: Caso-Thoro is no doubt about that. Tho
meeting OF tho Executive Committee was to luyo
boon held In Boston, but fur so1no
reason 1t wAa hold In Non York,
probably because it was thought necessary
TO secure certain Now York Influence Ia favor Of
tue action. Wo have bcon asAod to 10 things
which 1t was impossible to do without tn1o, aid
tlle Board must llaye known It, Tho local acontg
haYo repeatedly asked that committee of rop-
rcHcntat!yo mon bo sent hero to look at tho gIt-
nation. and Hnggost wllat was practicable; but
instead Of that they layo acted at a distance.
Aere to do all they could.
Aoporter-Tho movement, thon, looks like
combined effort to carry out ao,ne unknown