, 1876-12-27
F1RE.ISSURATCE,
Tho National Board Of underwriters to DC
Suktalncd4

Tho National board Of underwriters to DC
SuhtaIncd.
Special Dtspdtch to ma Tribune
New TogK, Dec. 28.-Tho National Board OF
Underwriters met here on tho 10Th and 10Th
Inst. The attendance was quito large, consider
ing tho near approach Of the Christmas hull
days and the stormy wcather. All tue lca.llnG
wcrc fepresentcd. The meeting was conducted
w,tl' the strictest .priVacy. Nome OF the papers
here uot Wind Ut It. Your correspondent aect-
dental'y heard q It today, mud, rgcognIzlng ita
Importance to Western interests, devoted some
time 10 unearthinE the proceedings.
A full and free discussion Of the present stu
alton was had, In which al were given Al oppor-
tunty " join; and, tn the suFiElse of all, There
6cetnea to be MI unanimous feeling that the
only safety now fur tho fnsusrt; puo!lc, " well
rs the companies, was In sustaining thu board
aud adherinE to It's rules. 4 large numbur Of
tue rcsolut3ons a,ltl motions were submitted to
various members, aud, at the close Of the arst
day's session. all Of them were referred 10 q
committee Of seven, who were To subu,l, re-
port to the meeting next day.
The REPORT of tie Committee gave the friends
o. tho Board great encouragement, as It was
short aud clear, and had the ring Of tI1c metal.
The tlsst resolution offered was 10 the elect
that the obligations Of the underwriters u this
country to the States In which they do business,
and 70 the ct!xens ut tluse States, require the
establishment and uniform maintenance Of rates
- PEAiAAt "A'SI A'9e1 e11tA4HAtS y isca1 AhA Juss~
ly between the risks to bc insured, with refer
rnce 10 their hazards from fires, TO The end that
tho danger Of disastrous conaagrattops nny bu
diminished BY promoting the construction Of
buildings less liable to destruction by lires orig
tNatnE within them Or communicated to thcm
fruln without.
The meeting also resolved that the member.
regard their obligations 10 tho National Boarl
and the compnnire constituting 1t as In full
force, md announce their purpose to continue
to observe all its obligations With fidelity.
Tie previous action OF the E1cctfse Commit
tee mud the measures It had adopted locking to
the furthcrlng of the interests Of the Board
Companies aud the objects Of the Board Itself
were approved; and said Committee were iu-
structcd to mature aud adopt such further rules,
etc, as would fully protect the business Of mem
burs Ut the Board from reckless competition
| (whethgr In OF out Of thd Doard} IN tue future.
The Executive Committee wns also instructed
to reduce tho expenses Of the National aud
Local Boards to the luTest possible minimum at
WAS also adopted lnyitIng tho co-opnrat!on Of
| Nil substantial companies, to the end that the
| business Of inaurancc In this country may be
| pla. cd upon substantial footing and rendered
safe alike to tho insured and the owuor Ut tho
| insurance stocks.
It Ia believed that this meeting Is by far the
| most important one the Buarl baB ever held, as
| It develops determination on tho part VI the
conservative representatives and Officers OF the
| solid cnmpantcs to stand firmly by such rules
aud rates as will enable them 10 continue &c
| furnish the aafest kind Of indemnity. In thcse
times, when depreciation, followed By doubt a,1
uncertainty on the part of capital, is tue rule. II
is indeed hopeful sign OF returning confidence