New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1876-04-27
FEE IASUR4NCE INTERESTS.

TENTH ANNUAL CONVENTION OF THE NATIONAL
BOARD OF NEUTRALITY-SUSPICIOUS. BY PRESI-
pYNT oAKLBY-REPORrs or COMMITTEES.
The tenth annual convention Of the National
Board Fire Underwriters began its sessions yesterday
At No. 1856 Broadway. Henry A. Oakley presiing. Al
the calling OF the roll representatives Of A. out Of 81
companies responded. Among the companies repro
ssntrd were Citizens Continental, German Ameri
can, Germapa, Hanover, Hoffman. ana Manhattan Of
N,wYork; the tna Connecticut. National Orient. and
Phmnix Of Hartford; the Security OF New Haven the
shaDinut OF Boston; the Springfield. Franklin, and
Pennsylyanis Of Philadelphia; tho Armenia OF Pits
burgh; Atlantic Equitable and Merchants Of Provi
dcnce; tho Commercial Union. Imperial, Liverpool,
Northern, and Queen Of England. The report Of tho
Treasurer FOR the year ending April showed at the
receipts wore S134.229 80, aud the expenditures
Sl33376 66 the amounts contributed by 90 companies
to she Board during the year we're $l33,7i9 rs Tae
annusl address which the following 10 outline
was then read by President Oakley:
This Bolrd is opposed 10 any laws which seek 10
strain OF insurance. except those winch refer
toe sovcncy " the companies and hehce To De logical
cannot deiended afordnE additional security IA in
TIE constant aggression by the states aud
Municipalities upon u 9 insurance interests would 90 TO
SHOW that all parties engaged IN the business whether
be- fire, he. marine, have an eGuai interest IA the pre-
yention and modification OF tho uust aud burdens
hl upon the companies. union ~ all tho interests for
segpfofecticn IL the highcs; degree important aud
necessary. At present each works at the disadvantage
OF not knowing what thr Others doing AMI too rc-
qucny voimesnt Efforts prove Intellectual for want OF
cooperation.
me Statistical bureau should bc the vehicle for gather
ing statistics regard to fires throughout the entire
country. business such Insurance, conducted Tor
long period, without be,ns based standard.
cannot command tie respect or coEddcnc the conn
Inunity After advocating more thoroughly enforced
bnildng Law in cities AVID wternetcrs means or
In The supply Tor cEusuShnE ufcs, fif.
Oakley that nc departments European
cities much smaller tiau tus country Ike ~ en-
referred the Centennial, Hud gave sActch 81 TIE
history Of hro Insurance this country walsh, he said,
IN reality product OF tho nineteenth century,
The afternoon session occupied with the consdera
ton OF tho recommendations presented in the reports OF
various committees. The FOL owing from tho report OF
the Committee on Legislation and Taxation adopted
unanimously;
The National Board place record is view that
the requirement OF deposit any Of Goney by amy
state authority IN the hants ofccrs Insurance
company doing business such Stale ~ proposed guarantee
to policy holder 81 The pay meat % hs claim for in
d,untty in case Of oss byhr unjust Company whose
BE- thus diverted iro The proper custody Of it, OIL
GERS unjust the oiusen. asmu preventive
that oumpet which would forbid exaction
a rating.
IL was also determined to employ secretary for this
Committee in order that proposed legislative naetmeuts
in regard insurance companies may be carefully
watched and the companies Informed OF such action.
The Committee Membership reported that two com
panes had been admit Cd while 10 companies had
sgned aud Is had been dropped II resolved that
the National Board should request the several local
boards O do all Ia their power 10 bring about the oegng
Of standing conviction iacend.arls. by
Board companies by citing their policies should
cludo all petroleum lubricants which Will stand
Hash test or 800 degrees called forth conSldcrnD discus
sion. committee on gasInachnes, carburetters and
patents formed. Tho reports OF the Executive Ia
tiStcal and Finance Committees. OF the Committees on
Form III Policy and Fire Departments DC, aud Of tho
| General Agent were presented
Iodays session will begin at IL n n aud during thu
morning the Board Will meet privately.