, 1876-12-30
Is the real cnuse why 50 many Of them have
abandoned the National board.

oUanHOhcu Lh6 NATIONAL DOaftt.
now THE Eyn1Istt COMPANIES REGARD IT.
1t will be observed that there was M move.
rnent matlc toward Iringlng back into the fold
VI the faithful the withdrawing English CON.
pnnics,-the North l}ritl.h l. Mercantile, and
Lancashire, The expelled nbcr, tho Royal
These threc companies arc in rcafty masters Of
the situation, and Il L. very simple one. X tho
hoard goes to pieces, the Inginl, cumpanlea will
get the cream OF tha business nf the country.
II tho Board lives, tic osller Eng1ssh companies
will lohe la,atncss, because the three cotnpanes
named will undoubtedly acquire the majority Of
It, or Ut least all they want: therefore the other
Engltsl, cotnpatfeh. Will soon discover on IN
Willingness 10 a.thsrc to the, Boerd, whlla
tho Royal, I.ancaabire, and NORTH. British
T. Mercantile, are outside, they
withdraw, TIC American conpanics must ncces-
bar!ly follow suit. You will nbserve consid-
cradle number Of lfs" In this statement, but
there is already IN assurance that the three out.
Aide English olliccs will remain outside, and all
the other :. III u seem lodcpend On that one a.
surance. In recent conversation with prom.
ncnt Englsh manager, not connected With any
Of tho nos,- Hoard Enel!sl. companies, ho stated
empliatcalty that, while he hoped for contin-
uancc Of the Natrna1 Board, he sloull not allow
the Royal and others who had dissolved thcir
a'egiance to take array hls Cotnpany's bual.
settlement would be adopted, but, II II failed, he
expected to see the Boartl project Itself. This
was tic diplomatic way Of stating that he mean.
to make Ills own rates.
There IL an exclusive insurance journal pub
Iisflcd in Chicago called the Herald. It's con.
doctor is George I. Yeagcr, and tho columns Of
The sa 5csang Personal aasos u
ply the demand for that sort Of thing to full
extent. Some time ago he printed severe
castlgat!on Of Henry y. Hyde, of the Equitable
Life of this city, for which he has been sued fur
damages md arrested on charge Ut libel The
editors and propTlctors OF several of the East-
csn insurance journals have been very much ex+
errlscd BY the course Of the Ae,aid, and on the
9th ult. they adopted. preamble and Feeolu-
which will doubtless provoke the Herald to FIR
ticr hosttIittcs. The preamble declares that the
publication Of an Insurance journal demands
earct prudence, Intelligence and skill in the Sc
Of these requirements is a betrayal Of puhc
trust. The resolutions dcprccatc personal de-
traction, and the invasion Of tue private lives
and characters Of insurance officers an'l dcptc-
which Indulge In such dcfamatton The right to
cr!t1clse official action is recognized a. public
duty, etc., etc. This means that the Herald will
Is a taifoeo thSy fhp pnps2 say ~: ":e, Il doubt sa
scribcr by such action. The steners Of
the anti Herald resolutions arc the representa-.
tivcs Of the following Insurance publications:
t Chronicle, Il New York; Intriean T1shansse aud nd
Rencr. Of Philadelphia; Wtstern Iusuranee Re
pittc, OF St. Louis; United States Re.teo, Of Chi
cago; Baltimore GHdtrrr4fer and Insurance Times.
LooK our FOR THE ExrELLED ONES.
Thercts r9ttling among the dry bones Of
some Of the smaller companies from other States
doing business in this city, on account Of tho
.ayowcd determination of the superintendent OF
the New York Insurance Department to cause
| personal examination Of tic assets uf nil com-
pantcs doing business here. There is an expcc-
tation that some Of them will be driven out,
| and, ms the, authority Of tho New York
Department is regarded as virtual passport to
all other States, the fear md trembling Is quite
natural on the part Of the companies agents.
The Superintendent has had bis eyes opened
lately BY tho fraud and perjury manifested in
cuHty Life Of this city. lie Is bound now to
have every statement ratified by personal ex.
animation. During tho past yenr It has been
customary to accept certificates Of personal ex-
animation from State officials Of other States,
but this plan will not work in the future, and
the companies must show their assets and be
able TO prove that tho aascts exhibited are really
tho conlpanlcs' OWn property. MEMO.