New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1876-09-21
NATIONAL BOARD OF UNDERWRITERS
LOSSES ia THE July OBSERVATION-DISCLOSURES IN
CONSTITUTION AND BYLAWS.

LOSSES BY THK JULY OBSERVATION-DISCLOSURES IN
CONSTITUTION AND BYLAWS.
The first semi-anuuh meeting of the National
Board - fine Underwriters begun Yesterday 'uOI1'-
ing az No l56 Broadway, President Geo L. chase M the
chair Thtrty-siK companies represented The re-
Yort Of the Treasurer MI Parish showed 92O423 IS IN
the General Fund balance ia TIE Arson Fund s5149 DO
An IA, Fire Fund Al 1903 on balance hand from List
report 1892 81; cOntribu during the hall year
S65l6l IL expenses, S45,o0l, President Chase'
in ls address, sad that this semIunuai meeting ~"s
called in accordance With Of many 'ucler" OF
the National Board, for tie purpose OF establishing
ciosss relations between those directly interested
IN the work of the Board dsrsilnd account OF thr
WORK Of certain commuters presented ANA Ia Dop'
cusiou the President 0Ongrd tlatOd tho Board upon tho
revival OF trade with which the interests Of underwriters
were closely connected, dwot upon the injurious "Hc
OF the association OF board and board companies ID
the came agency tOUoJeJ upon the useluln aud
hruortance Of tins work of the Board committee to
take into consideration CsrRin suggestions Of tho PreS-
dent was appointed consisting 81 Mcssrs Oakley Puts
ford Bennett Denny ami DuuInnt IL was stated that
future Sessions Of the convention would no private
In the afternoon reports Of Standing aud Specl
Committes were presented. There wero no reports
however from the Committees Oh Finance. Nomher-
shin LEGISLATION aud TaKanOu, Inoen iargn and ArsOn
the Committee ON Statistics reported In effect that Il
was the universal testimony Of uro underwriters ana
chief enneers OF departments that the Losses 10y
fire ON the Sd and 4tb July 1875, wels less than ~
any previous year, and amounted only 10 S5l6O0 The
Iosss ,,,rte were mainly IN tho North Eastern states,
tho West having protected by C"pOus rains "lie az
the South there great display OF hFrWOr% me
re,or recommended ChaI Con urged 10 prnhhll
H. IMMIGRATION Of Chnese ,-orag keIs, and The mann
faetur sach pyrUtechDcs rs cannGt q ne umT 4i
Wa referred 10 special committee I"e Ctnbm; He n'
the Origin 81 Pres shgSsIGa ta ti1 G 5, In IN
class of "sp Cal hazards" Tue suggestion was 'eicrre
4, Inc Special COMMITTEES on Statistics
Conn ID
fhc st House " Representatives bau BfcJ'B enio'
rssscd their eff1rS by cutting down appropriations
The majority report OF the Committee OF FLGn, a1-
DO nlcd TO consider what c1anScS (u any, sloiI1 ".
made in the methods Of administering the Affairs Of tue
NsfI,niI B0ard and 10 call the attention "i
nun-boaTd insurance COMPANIES 10 Jhe 'Ahe W
cooperation. recommended scniannnd meetings
OF Tie board reported that great number
OF uon-DOard companies, which tncy haa con-
suited pressed wish tn remain lnurPoh1rhti pro
posed that the Executive Committee, Wlnn called 10 Pass
upon rates in any cites or io@ns sho'5d alioW suob
National Board Comanes as haG tihIr hoilo ~ sun
city OF town reprosen atun aud foo ~ tEC iDltci
o. sac1 rates thati Western Dcartnriii o. the Naoh
Board should be ISt nlsIeu ana VII YIN y vi
fnng agents be abolished Tut minority report o1teItd
to tho tat Two propositions Of we alntfty IeiH i'
reports rcfcrrt 70 the COMMITTEE o Jhe lGjt.
The committee on recommendations IN Tic fre1aents
address au rlOltS executive ahd PROVISIONAL com
sugstcd cbalse 10 tLr byi"y specO9g VT
Executive CciniIlsttrt, witch redds As Ioh"Ws 9au
seis..t.d as ioilows: Two fToiu Nsw-York two from
Conucc,icut two from Fer sy vinla, cue iI"m Oio ons
fres, countries and the riang tWO II tie discretion
OF the bnaTd 10 iOcaiioir-sp thai IL should READ
Ths created Riuch discussion. but dndily Adopted
b. 3 vote OF "a " 10 Tao committee also proposed
sbstu fOr the Llird section of tue 0nrth article ~
the constitu ion II te National Board Ths substitute,
"a bcL vsag ndO cd Is supplement lrS OF he cHaugU IN
tb character Of the Executive COinDittee, and reads M
follows: -, -,
an uyscuyo UOn.nse, consist Of ELEVEN no bers WAC
shan Oe officers conanina tho committees
eec. al said inocn sial hOd of1or one to ana tlr -
yssTs throe sal 80 oni OF ohee 1T the esd o.
f r var ter thar eecLlUn the end vi the sroonI
vgaT ti tcur Oi tne thrd Immediately aiiei
shall
draW ots thcC year. tSo years ID
uteotifg
Die ,xtiYe sBaj ect for thrse 10 M
fhc pllUes 81 oso OihLS shall then expire
No itgfulyr VI tbs committees snail Ue eligible 70
al has bSpsrd aLT The sApM6NOn y
ale torn VI Jt1cs then held by hlu.
Ihe board adj0arned W this morning &c IL