New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1874-10-03

teal measure suggested by us. This &C
incidence is the logical result OF an act {
uncompromising oppression on the pa,
Of the insurance corporations which lei
the citizens Of Chicago no alternativ
except to fight fire insurance with fir
insurance. According to the Chicag
press. the Northern insurance com
panies were not satisfied with til
corporate legislation Of Chicago. The.
demand new ordinance and new men t,
enforce it. They struck for fire militar,
bureau. whatever that may be. Failing
the assent Of the city to these demands
no other policies we're to be granted t.
Chicago. Such an assent. We agree. wou1e
! have been ''subyersive Of all the princi
Piles Of government as established in tn,
people. and pusillanimous in the highes
degree" ......
The city Of Chicago. thus thrown upo,
its own resources. is boldly advised by
the press:
To establish an Insurance bureau. Thu
actual premiums paid by our citizens an
nuallv. exceed $3,O00.00O. This amount
properly expended. would in two years
time make Chicago fire-proof.
The Holly system. with it's thousand
plugs. each equivalent to an engine. could
be stretched up and down-north, south,
and west. Ten engines could be procured
and maintained where there il now one.
The premium paid by the individual
property owner would not be a tax. as it
would be voluntary on his part. The prof.
its Of The insurance, instead of going abroad,
would be exclusively devoted to the en-.
largement and perfection OF the system of
protection against fire. until the maximum
Of safety should be reached.
The objections are stated:
l. There are, Of course. objections to this
plan. the first Of which is. that the public
servants are not apt to be either so honest
or so efficient as the agent Of private indi.
viduais. This is one of the truths of mental
philosophy. which. however explained. is
private POPULATION puts his hand into the
public crib and pockets the plumber without
q twinse OF conscience. How shall this be
obviated! We answer. by simplicity Of
organization.
BRING to tho aid of the bureau the expe.
PIoncG infa1liuoroo \ 10
an 60. ~ s auu ~ VI .nu plos'
no;r,rao. os az a oo Aseh.1 " quo ~
- acas,S " ~ 81 y 90 uHsn, We neeessaly
and fhav a,ora 70. -ians ILL., ~. ;n."r.a 10y ~
same az thew nov do for nr;xate corno "a.
tions. all policies to be issued by the loan
commissioner to the agents and accounted
Tor by them. We would have thus com.
oinstion OF pubic and private trust with
w"nld he s Sev gu" mnacn we oet f
intact, and at the same time give the neces.
Fay say, s''"u'os 10 the agents tos Its accumu'
,. The next objection Is, the possible loss
by dishonest OF incompetent officials This
boms co,nsUr r. e4an no rUrco afan n;.o1
back Of the risk is so vast that the objection
. aos !anG' ane ars OF VI was entirely
calamity will never again befalI our CITY.
The only novelty Of this proposition is in
.urance eomnanies tbemsafye. d. nc co ,n
tinuallv. The loan companies Of Chicago
,hn guy Cnit . etases nve-t~enties Just as
company. Tho plan contains elements Of
feasibility. Its practicability would consist
rom the citT would rrentnaIIw s pa,a Sss
. the property owner. and repay him =