The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1877-09-05
INSURANCE NEWS.
Our standard--15O degrees fire test.

INSURANCE NEWS.
Our standard-15O degrees fire test.
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State supervision bane Of sound insur-
ance companies; the guardian angel Of rotten
institutions. Let it be abolished.
Make 1t penal offense to sell explosive
coal oils, and the retailer will be careful to
procure only the safe article Then fires and
accidents will be largely diminished in num-
Der.
or oil life insurance legislation, the most
needed h that which will prohibit absolutely
all amalgamations, and abolish all State gu
perintendents the two great curses of that
business.
Nowthat we have assurance of the enforce
inent Of the coal oil storage laws, we want
one forbidding absolutely the sale of any dam
gerous oil for purposes Of illumination; and
we intend to have It,
Let 1t be made q capital crime to erect, and
then fill with human beings, such man-traps
as that destroyed yesterday in New York;
then give us few erecoaions, and we will
hear no more Of such horrors.
The late burning of the cigar-box factory
In Cincinnati, with It's sad list Of victims, and
yesterdays falling house In the same city, by
which three were killed and more will die,
beur their lesson to ts-tnsecure buildings.
The consistency Of insuran 20 commission
ers Is only egualed by their utter useless
neSs.--lChroniCle.
Don't; who else Is to provide the impecunious
wrecker with the means Of subsistence at the
expense of insignificant policy holders?
We demand q fire test of Mt least one hum
dred and fifty degrees for all Illuminating
oils; contlscation Of all that will not stand
that test, when it Is found exposed for SALE and
heavy penalties to be inflicted upon the
vendor. We demand 1t for the sake of safety
and In the name of humanity.
We want good building laws, such as will
prevent the erection and use of insecure
houses. Make 1t penal offenso to put up
buildings of an unsafe character; make 1t
apply to both builder and owner; then en-
force. 1t will be criminal to neglect the re-
cent lessons from Cincinnati and New York.
Three minutes after the first alarm, at yes
terdays fire in New York, "the flames shot
from the third, fourth and fifth floors of the
building, and Immediately after 1t was filled
with volumes of black smoke" The sicken-
ing story Of the burning is only equaled by
that of the Brooklyn holocaust. Do not the
men who build such houses and fill them
with workingmen and women deserve death
Strong building laws and executions there
under are the only remedy.
The report of the directors of the Royal In
surance Company, as to their business for
1876, read ut their recent annual meeting In
Liverpool ID before us, and makes, in brief,
the following showing:
The fire premium receipts were G722, 457 1ss.
3D.; losses g393,s4S IS. 3D.. and the net pro-
fit for the year, counting interest on fire fund
and current balances G16O, 3t3 1885, Cd. The fire
income showed a net diminution OF G20, O95
1s. 3D..
The net premium income In the life depart
ment was G242, 800 2s. Id; interest on invest
ments, exclusive Of the annuity funds e7S,s0O
los. 3D., and e127, 656 tos Id were added to the
life funds
The total dividends for the year amounted
to 10 shillings per share, free Of income tax.
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