, 1876-05-06
FIRE INSURANCE.
Tho lecent Convention of the National
Board of Underwriters.
An Impartial Review OF the Pro.
coedings OF the Meeting.
How Non.Esonrl Companies Are
Affected by Its Action.
Valuable Statistics Concerning the
Progress Of Companies.


NEUTRALITY-SUSPICIOUS. oi 1scce'p'0''A
Ffrebrand In tho Secret Session.
cr<t,, eo.~-,,o,s.n.. ~ r.. c,,.,,, 14-,A.n.
NJ. 49,. IT,, 49,. 80" ,1.'.N, n"'.A =.
., w" 1oa"' n'a! limo NAsaonAi oonfu ot
underwriters hnld itB annual session In this city
last week. and though rho telegraph has doubt |
less conveyed 10 your readers summary Of tts |
orocoedioos. thera w.ra aono necnl,rit,as
=. ro1s.' .~so. s,,.,'.. sA aa. Foea.A
)" "Aa' was aceo.apinnoo aou MnAt was nos ac'
complSEed. In tho first Flaco, tho ganerAl pub |
lie must understand that this Board represents
N nar cent xf t,,n fra ,nguYanca c.nitxt nj tha
.o,,,..,. H., ,,,a as,,,n,,. ,i,o sara,,a
sou".t5 w sn'' .asna'o ..o lo's'sh son'p4o'ea
ings havo an important bearing upon tho rata OF
avery inBurab,o fIre-rak In tho laud. This Board
Ia lin toatnaurino fron vnict flo 1ocnl no.1d,
r. r,,,as,n a,, sho.o T., ovorv o,,,or ~. da.,ra
their power. Through tue machinery cEeated
aud kept In motion by this Board. fstes arc
raised or ]ouorod, sud srcuts oro bold to strict
e.count,h1I,,v for +hoi, nbaorv.nc. In
many instances prominent local agencies
havo been broken mp ny the expulsion OF tue
agent from local Board and tho Withdrawal
OF their co,aroisaious by tho companies subso-
oro,+I, r1,s ,o;oo ~ Tho Nathan, n,ort !.
t4.1' M, .s ~, ."n" ~ A.as ..,a
po.ons WIN too iocA' ssen'1 ese3S Hnote. ano sno
individual companies, carrying out with great
unauim{ty tho DEGREES Of the Board, It tB not
only respected but feared.
rrrz,-r 1,n,x -,1v ru1.'or ,1rv,nr ,o,r1.v.r.
nr.n1 - ), ~ -. ~ so''.D. ~, ,,A.IA,
Hhllo II Is true tha% the Nationa' Nohfd
represents 10 per cont Of tho capital which ls
Today insuring the risks Of the country, It IL
s;5o .,,.r in.,.a trs p,,-d n,t H.. no.~a
s''e tu.n 'ns'ae .ne posfa' DIN auo oossa
companies Will sheis vtaelS-eAsenoed system
Of agencies, cover moro territory and offer really
nnn.no,rd s % ron,n.n;s. Ths % 1.t,nr ,ra 'l eon. o
.,N i"ss.. ~, ~
eo9uont'9 hhoeteo IL !heis opefatlona largoly
sod s tod.y sre iudebted to W for % tho p,ioeipsi
part of their bnBfuess. It Ia vol known that tho
c,n.p -, on,,r.,;o. =. -r,,. ~ -. xi.h. ~
~. .," -. .I"sc ,v.' $3.50
company drops policy because tho assured
will not pay tho Board rate tho non-Board conn.,
r.. ~, 49, ~. -, +. - .,r,., t,.,,..,,d.
$500. 49, ~ ~. st.nsa. -,
OF people prefer tak'ng the chances OF cheAp IN
surAnco rather thhu pay high ratos to tho |srg est
uro eoyorped In q majority OF she citios vnorein
tho5 arc represented BY tl,s rate. nsea By .hs
Board. Their tsrin Is Just bclo" that Of the
Board Offices. And this u about all the rule
they have.
| TIE BOARD ukkr1ru.
1rndor tI,es, c,rcum.,tnce. vbio1, .ro noc..-
~ =. ss...s.s -. IT,. ..s.tss. 80 -.
oafy 70 Do aooesasooa " too pnpso'o0s'onAl
reader In order To appreciato Its importance, tie
annual meeting Of tue National Board Of UNDER
writer's ID an aTant OF intorost to the property
holders aud merchauts at ths country. Tho
Board holds but one sesston each rear. It en-
trusts Its working machinery to a1 executive
committee Of eleven members, whose chief buaI-
nesy Ia to receive roporta from sub-committeos,
| o1icera aud Rpeclhl ageota. Ihis year these re-
| porta vera unusually interesting. They COM
prised: Fir4t, the report of the President; aeo-
ond report Of tho Executive Committee !;
third. report Of tho Genera! Agent; fourth, re-
port Of tho Committee an Firo~Dopartnents,
PATROLS. sud Wator Supply; afsh, report Of Com
mittee on Membership; sixth. report ct Com
u,itteo % Legislation md Taxation seventh,
report OF Committee on 1ncondiarism aud
Arson; eighth, report Of Committee on the Or
ieia of Fires: ninth, report Of the Nov England