, 1875-12-21
Tho New York State Insurance Com
missionership.-. .Amaleamating
Life Companies.
The National I,0nrd vs.. Local floards..-
Disposition TO CoMcctlo Rates.
Tho New York City Board---Proscnt Rates
in New York--Plaoing Out
sido Risks.

" 's"'' 'nns' "aIo SoInulbalohol. AHo fn"ee
:" 'to" he'o ny oFio" W. cHhphl""' WHO 'a"a
n'ost Moft'''y 'nloa III bat At' chap'"a1' IL =
n'pu"lc&'!. ana GOV. i1oon - q ne'aoctat.
..o"''''' 'ta' ota'o '"na'o WHICH '''"s~ eo'l''In
1''' apFo'''.'Ao"t ~ i'opu"p'a"i h''' b.a'o-
'o"s '"H oecn p''p''ptS"' 'l'a' VII" 9e'As"s" Aa'e
en'efe" INTO m arrangement hos 10 ai'o" mo
"p'eE"or 20 femoVn @',y l'"l'o'cAn o"'e'-no1a'
re: ;" "n'th event A'' oalli'a'a '.'as W 1otA'nea
at"o'sn 4'"''t'coa w h,7 ''nuiea'aso
'',eisus ~ 1aa' ~ WI hos eo'lSI''s ~ uoa 'ao
o4'ee iof ".osAo' 'e''". ''ui"s 'A'7 ''e"h'oepe5'
ho nas Mau' IL ssly 4o. io' A''S "oaN cof''"'''cs
" "o p"si"sa' ', 'a 'n' ,sa,' nun us i',"' =: ~
,o's se't1a"y "!l'o'sa ~ tao ''"Iei"'s'
ia"s 'a,''n =, W. ,t. ~ I'm n"s,es"o,
pu'' "''l1 ~ ~ 'aa'y ao'oF'''ne'' ""s'net tho
nososhoe ean e'ae. c''aa ~ - nus 10 specu'
lato upon PFopabllislce. 1h's II 1het' however;
that, In all pravleus appointments to tho Office,
Notwithstanding jts EXPENSES nrl at,ouuputB
wetn ail paid by tho Companies in tho State, in.
eVi"neo'''.oH '"'' As' AeIu'''s y" ,o'eo ""s''
ever In Selecting or recommending tho B:ccess-
ful candidates for tho position. Purolv Tsnlttichl
considerations lave governed tic nppoutmeut
,r,rv ,i,,a
o'e'' 'o'
AAAIhAAAll'u LIFE COMPANIES.
Thore aro runao1s of ths imponding cousolil,-
ton Of several of our Life-InHurauco Compan-
knh- nf nf ti71I Lrn f1ittfr
sisa,,,,,o ,,ro,i',a,,ao T., tt,a ,.st :, =, r-.,,
tioesnp'o pto'a'le"ee NJ sne Pae'' ~ - hno"h
thal tile Unitoa states lAlo hnH been negotiating
viii, tho Now York I.ife, anl also with tho New
Jersey Life. for tcIpButinc Itv bt,aipcys on1 TO-
tIripc fron, ,ho ,ca for so,nc wook. n..t int
.'F.a,. s.. 49, s .'"., ...., tHn '... Nv
Nv "'s".an I'm" sos ooelt e''He'' Will e'1"at u
them. Tic nainca OF two leading Companies.
way up III tho millions. arc also mentioned CO
likely 10 ioIu forccs aud au,uIea,uato with .ho
ho,;.,,,,, -, ,,~+ rour tr,'nro o,,,,,,t ), ho
oos'uas ~ aeA' seN'' A"e'e ouu. ~ W
Sotao stringent ~" pasasa " pFo'en' luoso
" at tho viii Of Presidents mud Direct
ara. and rrovt.,o, tb,t r,enoyor
s"s ,....',,, sn,,,.. ',",t. =. aa:,,.". iii
!" eu"'pa"s p'''ce'" uts'." W ie'n7"re' P"p.'e
invited to assume tho ssks. Then the final no.
rotation should be ratified by tle Courts: no
flat INV roIlcy.lolttor or uther crcl,tor OF the
old Company, fceIil,t; himself asericyed by tic
lto Court and oppoae Il. In many @ ] casss IL llyrs.
toforo, grtAs Irregularities havo bcon rrnctIcol,
dor tic strictcst iegal vi, vision. ~ ~
o,s ,,,w !, 's9,y."94hs !, Az asn'fuGn
TINT hulueLo,ly aIwuy,, rereiyoH u huu,tsuu,o b.
nuy for sucu fng TIC transfer Of one Life Com
pnuy to another, In ono caso. It nppcarsd
Tint u retiring President received tho
enormous sunl Of a15O.0Nj tor hin SERVICES IN
uorotiatlnc a transfur of this character. Al
frat alat,co. it may seem tmuosaiblo TINT oue
f.nmnany tnp aFrord to reInstfrn rim hus,r,cs, nf
another {c BpociaIy w1,er tint otLor In sunpcsof,
tn In "a noarly 1nsoyout that Il cnunot inncar
nfforta ia ron,ain in btainra.} and nav n,,yth,nr
fnr II. lIoro cnmcs IN onn IL tho t,;ckn ~ tI,C
trade; 4 Company rotiriug uas risks GU its books
anywlcre trou one to te,l or ;lfteou years old:
anil in tn1n11ntinr Tin Iiuhi1itjcs of n (,nmn,uy
tho law prollcases tho anoat.t Of tho liability on
each no,icy aceordlur tn the Iourth Of
tlulo It hps run,-aAs,,miug, very pIone1ly,
That 1t casts mora to carry M oil no!icr
ii,an n ncw onn- inf. ;y,,nu tj,o r,.k
in rousuroI Tho now COMPANY transforms II H.
10 now riBk. and Ggllco tho liability II much
iesponcd, For example: tho 1taI,!ity of thc p,1
Company may be sitt0; bnt tie nov Cnmpnny,
on t1'o Samo riak, j. charged only So. That ]!
jubiIty Ia ldoutica]ly tho rn,ne. Now, II III oil
CoI1panv trapstoru liz life business OF, a rayR ot
Siul for avery ilyn-yenr.oll rirlt, nDd thn uow
comta,ly ia oi!y chorgcd With n liability Of E5u
It tn cnsy fur tha lutter to nny bonl,n our nj tho
Itrorouce. ItIoro IN tomottInea bljt IN this ar
r1nronont. 10 carry It out succesafuly.
tl1p ul1 pul!ey-holdors ,nust bo persuaded 10
s,,rront,er their ,,nlicies IN ,i,o olI Con,-
r,uiy. mud acxuuL uthora In Tia
INV Co,n,,nnv in ti,u;r stead. Wien .hnv
I'll in tbIs' liz ahi.y to- INV iorro honns sJs l.
COMPLETE, To ooyer The margin oi ]lenfFootcl
pollcy.uoldesa, literal DISCOUNT s nlways u,aao
In n1ranu1nr tho bou,1s. You plainly nee. how
over. frotn tlene brIcf outlines Why ii /. to lila
intorcst Of 10 rnauy lifa.insurauoo otlciais 10
acll out aid rosira from tl,a iioJ
S.rlnSAt-"o.np AFFAIRS.
The Natloua! l,nara Of underwriters continues
to oyer.i.o tho most rcid diseiul1,l, md nu-
,Juryislon over Tho niIatrauf 1re-inaursuia con,.
pa;eg throughout tIo country, It's mower to
c car,y ont itn own decreen In roeornized nyory-
whoro. sayo ia the Civ OF New York. Of which
moro furtbor on. X hnsita apocai ara,tK. wto nro
n,nnowrrn r,nt1er wrttn,, nntr,,rlInna fron, lin
,,ri',c,1,nf t,nmnn oa to nntnr anv nt,irc in thc
Unteu States. and examine tho rovistor Of any
rhcv nrn aian nttinr thn adr,ssinn NJ INV aocns
into Tncal }oari. m nntter /, ~ nfrensIvn I'm
,nninTitv ti,a annIirans nav Ia. Thoro VIVA lateIv
cssc II thia Eii,tl in ~. I,,ia wt'ere two voun2
man nsmr1 T. r. nnJ sIo,ns KIM n,oJ, ,af.
sStont snnljcation lar n,nry ,nnnths sar a4lrnis-
s,on n tx ,orai Iaoari n1,;f wnrc M rarnInriv
roincsod. Al lsst tho Erannttvo Comm1ttss nf
thn National noart took III" mattar l., hand mi
sni,f thu nnnltcnntn must ho aiTtte5. Etiji thn
local IInard Of Ss. Louis hasltntod hut its
mrrhcrs hcoan IN hoa1 ,y,isner;n"s tb.t nn
insa thnv votn1 ~ j1struc,cI thc~ xynuiI ,nss
tIoir Gnmn.ncs' so' aftcr nina ,nontha ~