New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1875-04-23
INSURANCE INTERESTS.


rxrENsRs AND ASSETS OF TIE COMPANIES Ex-
pANpYD-PREOAUYIoNs AGAINST FiRR IN CHI
cAGo AND NEw-YoRK--RATEs AND FIRR PATROLS.
The National Board Of Underwriters began
their ninth annual Convention yesterday morning IN
Inderw rs Hail. at No loo broadway, Henry Oakley
Of the Howard Insurance Company presiding "heu "o
roll was called representatives Ut fifty companies ITO"
different parts Of the country responded The ahu" re-
mort OF the Treasurer j. Parish showed den'" OF
1919 70 the receipts having been Sl0o,3l5 20 and the
expenditures $lO2,1 I6.
President Oakley READ hh annual address o! which the
following 10 a synopsis:
nsss of 1874 wen known TO M has ~ MOI sesn
facnrers those two gra, hl me ,e"n
tSns % pig outlay nsy 1sr and nd
hSg sse crops Tes m ba profits again.
contend with large shrinsase IN tht % ,
pS ssnssSe WI" we SsVs had to look
pts 70 Nh M ssp s@ sp S NJ inn the aSt
IN the 10 Sosses an expenses and increase in
T6 s,. saisi sueys an In
t rssd IN the ,aSss The ms cap1I
iy.5as psl a e~a ss sfs sa,s cnrass
Win isa .hov gain cC . per s SGU
GsTrs. c n%s ss ST sSS
s sss The .raiss, sfits pei sss
if S, whole e. s 70 p.s sss "a
S On h1 1t e. stock
period II 2S5o has been called TO make god inpa raspts
s Rs sssss s e r. SsS
ce all eo%rsnss has been entirely record be
o1 Tho n"de :" M sne
" sa year Ss o. T
i!S s ;:s, r.
eadiSs foreign companies i2,ce against 1878
SIX s S 81 ys!s Ss 3 Hass a
during ia b. s5l 9ss s2s and by
tT5sS ''Sl q about per
pared with 1879 OF this there was paid out Tor Losses
addition 70 the above amcun, M was TsSss s a o
ssbs4 paid out for losses thereon Of 65c
'sat Ss and ld'S s td, f losses S r.d sS"
Si% Is s. 81 in
srs rsfs IN Ys7s as previously s-Sisssl1 for
sa "a$ T6 1sss
=: .s:sP: rs ii 3, as xSs
Sdsd G on @ Snds sd ss and
s E $ s5s
the olSn business q 1871 and 1872 sgsn,t which
S sS 'sS Is u f.s S 20"
as Ss f q ss be "% he c
is,g ss OF 9GS: sn from
@ of si % S not
or lS Sn tn Tn a me staT aTs aa 1m
Which ISM hat steadily SOY snos falling below
' per ' sTsad Ss'Hg u q. tn %"' one country
sr .'S &c.. S01 nssed H' a' the '
s rs ss' on n as aS aS fSf east
sss TINS Tos. as mainly :" ne a"1 s stIR %
emon market that according to recent report
only about one thr o the Of The previous
s Ss as
abb I" do from TIE Sara returns we have an ss.ass "s
aSs nth that q ~ S9s e S
the ts roy ' to wSeS i SsVe
xs s a% OF more IS cent than other
New YORK companies Of his lies inadequate
| Of
portion Of The aare devoted 70 ynaestCq
70 reg Issqs,S Ss %$1!Ta%s =
70 leave as question Of che isa"s
action s Of to We ay me s To ce lSa action
who did business there they did i wth
sh az" our oei, information shows that step
snsa rat n's .'SSage nHs ass;s: ssss
eS S G G GseS AexaaS o This Sy Whose
earnest efforts 20 effect TIE needed reforms mt With such
i"s b Chicago About tIreenf'Ls withaiasns
Sc hoped win continue the authorte
six only Ss S'fd
The address treats at length Of the custom improper
structon buildings adds Our habit Of placing IN The
chandise Within single buildings is to be deprecated here
on s ss Sr s arc thus Connected s
s%. area xoaa bankrupt almost every
aSsle stores With million q property stored
~t S Wit T we ae c The o: 90
s S,a4 ws dep Of ss
ua structure upon extended water fronts
ply the iTesde says many instances where
snes have been entirely neglected become
great msssure useless recommend that the Board 80 mcddy
no Abatement Dc aSna movable should
s &c 1S BE- e.! sSsssi
ns Ey e he the s has Which s Called s water
es s S s sn the Ss for % %
YORK large main in one Of our leading tlcroaghaIs which,
Hc be LAID to greater aSp S fte let hal power Of
s% ne Hse am satis@S BY @ nat %ep,ho
oe "es to s,csre them aSa,n:t the a"on Of the iros m
tbs connection woald also can attention 70 ne
Inches and scarcely average more than hSe hold that
at are laid 70 supply bydisns in ,lieRy ste business S
Of cities None others deliver water enough 10 meet
have been impressed IN the reports which have
Of our 5untry h That useful ana Of The service Rncwn
EXIST IN their the Of their equp
Is their cost T in great measure IL owing TO
sslsssa only isI S'sSes
vel drilled and ia:lisent men, led BY educated
Venting UPON Prtaeili.s lar
sosd ss 80 Often Ind caeSgs our criticism The COSY
o. the IRE bHsae Of the g,G Guy OF ,h@, Sn y saa
IRE whole expenditure IN Berlin city Of over 5000
was tor 1874 but h,dt over 81 oooo
The report treating 90 e agitation in regard to rates. SAYS
that tho true r,ued IL 10 allow rates 10 TX ihensNeso by
pc,res would put II in the Of community g
tn, end cs@peeiy eHt tue National noaE
has made lie own saeuye To-day there many in
Giles loc6s all having their leDt
points but none that are IL IA perfectly feasible
" schedule would
extended country aud with
authority OF tho National Board #. conIi
not with The
have triod with those In will show how little
De relied upon Tor aspiration Ia places other than
which they especially intended 1e Executive
having at ltd meeting February last referred the
matter rate long term policies on bsess buildings to
recommendation beg ~ recommend for Adopt
VIII, Oh
pociea may be wro and oI annual premiums be the rate
f,r IN
business purposes for Offices but not a. apply 10
rohaIdse property therein IL asD being made the rule