, 1874-08-04
INSURANCE NEWS.


cnt In regard to inbufiuE property and thcra 10
hardly ohanco for anybody to got oyorinn,,r-
ance from tirat-olasB company. There aro q
few which will tako risks On almost anything
they csn gel, Int ono might just as we'll hAvo no
insurance Mt all ns to 10 insurod in hnoh oou-
corus. It IL not likoiy TINT tn oaue Of largo dre
thoy would be- abe to pay tlloir lossos iD full,
as thoir asaoss arc Utmost vnlueloss, and thcy
arc compelled to inHuro almost anything in order
10 carry on their bueinees. Tho botter class OF
companies ars greatly reducing tholr llnos Of ln-
surance, aud cancsing soma Of Tho polices they
no longer consider tirst-clnss risks. 1s WAS n)ao
Stated yesterday that tho Etna Of Hartford an1
tho Springfield Fire i Marine Ind withdrawn
from tue city and given orders to lavc thoir pol
iccs Cancelled. Several other prominent conf
panics are aaia 10 have withdiawn within tho
lust lay or two.
TUE CHICAGO HOARD or uSpEnw11TEns
held lncotng yesterday After1ioon ut their
oIlco, No. 127 I.aSallo street, AIR. George 9.
Clark, tho prcatont, in thu chair.
On motion, it waa resolved that tho irou-ahnttor
Charge OF l per cont attach On all buildings
written under the minimum tariff.
Afr. Dnyis offered tho following In rognrd to
rating franc buildings, which waa refe1rod to
committee Of five:
Resolctd That tho minimum rato on the classes of
b.zards enumerated IN tho following achcdulo ba as
follows In tho dIstrcls tlcnnel:
Frame dwellings, not lesa ihan por cent.
13rlck dwelllngs, not loss than az per cont.
Franc Htores ana manufacturing establishments,
not less than & per oent.
brick hteres. e.. not j less than ! = pcr cent.
lfovted, That If tho owner Of any fFauao dwelling
Franc store shall iurasc the with brirk wall
firo-proof MATERIAL then tho rata such fran,e lwol
10 3H pos cent Ut tho Discretion Of tic 1,norwrltcr,
and tho distrlcf ta hereby dansd follows: coul-
Heucug Oh Static street NJ Edtdge court, tilttre r,i,.
rtnu HnI1fh 7rr1u1fnr hath HItffS trUath II
lioth s!ass u s!sto s!fsSs to Tgsnty;ssso
Twpnty-eecona Rtrcot to tue wcet Bile OF Laslu
street to Twelfth arrr 10 blue 1sand avenue thcnce
along tho west aldo OF Duo Island ayeuuH To ualscl
street thence along tho west ss Of ual3el otrcet to
milwaukee, avenuo thenco aonG the west sido Of MIL
wankce svenns to North avsnlie: thence along tho
south side Of North Avcluo to Fifth North
Wells street; thcnco south along tae wtat Bltlo Of
North Wells street Fifth the main brunch
Of The 1nain branch and tho west siia Of lilo South
Dranch to Harrison street tence cart on tho north
ste Of Harrison atree to Clark atroet thenco eouh
at the cast s!de Of Clark Htseut to the paro Of bs
ginning.
4 resolution Was adopted that the reduction
for keeping watohmon and watch-clooka shall
ouly 10 allowed When oil policos oil buildlnga
watcllman and watch-olock shall be kept on tho
PROMISES ut all timoa whom tho hands are not at
work.
On motion Of Mr. Davis. resolution WAS
adopted that Committee Of three 10
c0nfer with such citizens as they may
find willing to cooperate with them to
tako such measures as thoy Gun to put our Fire
Department Oh such I'll effective footing ~ will
command the respect Of our citizens and undor-
writers doing business le1o.
Acommun.cationw was received from Moses King.
General Manager Of tile Ghipkry Manufacturing
Company, OF st. Louis. III reference to o col-
biucd 1ire-proof shutter, tiro.ladler, and cseape
Tho apparatus consists Of attaching ali ordinary
wrought-iron Ladder to . firo-proof shutter so
constructed ns to permit Of its being opened
from tho outside Or Inside, aud whilo ascending
OF descending. Tho invention has received the
unqualified indoraoments Of tue Tiro Dopart-
monts OF New Io,k Boston, Chicago, aud 1T.
Louis, and has received tho unanimous approval
OF tie Underwriters Of Now York, Boston, aud
st. Louis
Ihe Board appointed committee OF three
consisting OF MesHrs. Clark Davis, aud Casc. to
consult with Mr. hing III reference to ita intro
luction in Chicago