The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1876-04-27
INSURANCE CONVENTION.


INSURANCE CONVENTION.
ANNUAL MEETING OF THE NATIONAL BOARD OF
FIRE UNDERWRITERS.
The National Board OF Fire Underwriters held its
annual meeting yesterday in Underwriters Hall, No
1853 Broadway. The attendance OF members from all
parts Of the Union very large, subjects Of grave
importance to be discussed, and organization for
protection against hostile legislation the various
States be perfected President Henry A. Oakley, OF
the Howard Fire Insurance Company, called tho meet
ing to order at eleven O'Clock when the following
panies found TO be represented :Contnenal, Of
New York, by Pres Geo. T. Hope; German Ameri-
can, John W. Murray. President; Germana, John E.
Kah Vice President; Hanover, B. S. wacott. Presi-
dent; Hoffman M. f. Hodges Vice President; Home, D.
T. Heald Vice President; Howard, Henry A. Oakley,
President; Lenox, Geo. A. Jarvis, President;
National, H. H. Hall, Secretary; Connecticut or
Hartford, NJ. Bennett, Jr., President; Hartford, Of
Hartford George l.. Chase President; National Orient
and Phoenix companies, of Hartford, by their respec-
tive presidents Mark Howard, G. Preston and Henry
Kellogg; Security, ofNew Haven II. Mason Secretary;
shawmut. OF Boston, L. A. Lyon, President; Spring
field Fire ana Marine, OF Springfield, D. II. Smith,
President; Franklin Of Philadelphia Alfred G. Baker,
President; Insurance Company Of North America,
vania FIRE, of Philadelphia W. G. Crowcl, Secretary;
Armenia of Pttsburg by its general agent; Atlantic,
Equitable and Merchants, Of Providence, r. l., by
their respective presidents J. :. Parrish, r. W. Ar
mold and Walter Pane; American Central, OF st. Louis,
by its general agent; Equitable, OF Nashville, Tenn,
John D. Anderson, Secretary; Home, Newark, N. j.,
W. K Freeman, Secretary; the Mobile Fire Depart
ment, ST. Joseph Fire and Marine, ST. Pad1 Fro and
Marine, sun Of Cleveland; Imperial and Lancashire
Chicago also represented by their presidents
secretaries and general agents.
FOREIGN COMPANIES.
Answering to the roll were the London Assurance
Corporation Northern Insurance Company OF London,
n b., and Mercantile Queen and Scottish Commercial
all Of which were represented by their resident man
ayers
President OAKLEY then addressed the convention and
in able manner reviewed the whole subject OF fro
From statistics read by him appears that
the premium receipts for 1865 were 500 52y 0O0 while
those for 1875 reached s64 900 600 and in the same
time tho paid increased from $l7, 265 600 TO
ss 300 000 the value covered by policies in 1865 being
So 42s 600 000 and last year 80 23 600 000 Dividends
on pital year New York companies
10 II per and for companies OF other States small
fraction less making the best for the
New York companies The average loss paid was as I3
per cent OF premiums received.
From the rreasurers report appears the receipts Of
the Board 1878 $134 229 49, and its expendi-
lures $l333 76 So. There was paid on awards for
convictions OF inccndarics So 1850 and for advertising
s724
BY expenses Buffalo Commission. ............... $457
by drafts presented dSd
BY costs OF trials and examinations ........, bs26
BY balance on hand. 623
Total. ACKNOWLEDGEMENTS 04S
The courtesy OF the floor being extended to the gen.
and SPECIAL agents throughout the United States,
the hall became uncomiortaby crowded The annual
report OF Thomas II. Montgomery, General Agent OF
the Executive Committee Of the National Board, was
presented
Mr.. A. b. McDoxALD chairman OF the Finance CON-
mittee presented his report with estimates for the
penscs Of the year.
Chair consider and report upon the recon menda-
lions in the annual address OF the President OF the AS.
ISOLATION. II composed rs follows:-Messrs. ID. A.
Hcald Home; F. Alliser OF English companies; NJ.
Bennett. Jr, Hartord w. s. Crowell of Philadelphia;
G. Il. Bigelow Minnesota; W. s. Denny, Boston, and
Tho following reports then presented: On
membership, finance, legislation and taxation, con
structon of buildings fire departments hrc patrol and
water supply, statistics origin OF fires, patents and gas
machines and special committee wind currents
Mr.. HENRY A. OAKLEY presented TO the Convention
the OF the committee nominate officers OF the
Board Tor the ensuing at the same time positively
declinin ing accept the presidency again The commit
tee named werc:-Messrs T. A. Walton, of New York;
Henry Kellogg, OF Hartford +. W. Arnold, OF Prov
idcnce; G. smith, Chicago; b Lockwood English
Townsend. OF Albany.
The report OF the Committee Legislation aud Tax
alton was discussed Mr.. ID. A. Hcad, chairman,
said that since their report was printed tho
obnoxious deposit law had been repealed in Mississippi
He then offered the Following resolutions, which were
unanimously Adopted
Resolved That tho National Board desires TO place on
sum Of money by any State authority In the hands Of is
officers FROM an insurance doing business In such
payment Of his just indemnify ease by
diverted from the proper custody others ana unjust
petition oa an x from ,sa, an
Resolved. the Executive Committee be authorized to
employ secretary for the Committee Legislation and
I, S s boss s
and spring months whose dut! shall be- under assignment
plated tn this resolution
N Oh, A.
bcrship reported that tho Shawmut Company, OF Bos-
ton and the Northern, of London. had been admitted
members, that the following companies had
signed brewers and Maltstcrs' Resonte Standard.
STAR and Tradesmcns OF New York; Uswego and onon-
ddaga, Phoenix Bangor bangor; Fairfield Fire, South
Northwestern National Milwaukee,; Germania, New
ark; Humboldt, Newark; Mississippi Valley. Memphis;
New Orleans, New Orleans Virginia Fire and Marine,
lHchmond; French Insurance Corporal on, Franco;
Hamburg Bremen, Germany; Peoples, Midlctown,
Conn.
Tho following companies had been dropped from the
roll-Adriatic, American Fire, Columbia, Commerce,
Exchange, Guardian, Importers and Traders, Lamar,
Mercantile, Republic and Safeguard, OF New York;
Eliot. Manuacturers' Fire and Marine, Neptune Shoe
and Leather and Washington Fire and Marine of Bos-
tom City, ofProvidence, and Manufacturer Of New
ark
Tho following were expelled :-Faneul Hall. of Bos-
ton; Genns ials, OF Glenn's Falls. and Royal Cana
dian, OF Canada
Ibis highly important report was signed by +. A.
Walton, chairman; X J. smith, c. T.. Frame, r. shaw,
and j. Goodnow.
On consideration OF the report OF the Committee on
Inccndarsm and Arson, It resolved that the Ma
tlonal Board should recommend To local bring
about standing rewards IN the cities counties Tor
detection Of the above crimes. The Committee on sta
tistcs presented request Tor secretary which, alter
some discussion. agreed 10. Twenty Eve compa-
MES contributed to this bureau last year. Tho Commit
tee Patents and Gas Machines made report, and
their recommendation that 800 degrees should be
tablshcd the flash test OF lubricating oil used in
Manufactures generally debated The question
was finally referred to new committee 70 b appointed.
with power.
The Convention then adjourned TO meet to-day ten
o'clock Before the regular business viii be proceeded
with there with be trial and exhibition OF . nro
alarm apparatus, which has bson scs up in Underwrit-
ers' Hall.
THE BELLIGERENT BOARDS