New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1877-04-28
REGULATING INSURANCE RATES.

THE RESOLUTIONS WHICH GAVE THE POWER TO TIE
LOCAL BoARDs-ACTIoN OF THE EXECUTIVE
COMMITTEE.
The main subject of discussion at Thurs
days meeting of the National Board Of Fire Under
writer's as stated in yesterdays TRIBUNE was the gene
raj policy OF the board The following preamble ana
resolutions were adopted and referred to the Executive
Committee to make any necessary verbal changes. NO
st,n@ges. however, made and the committee or
Sered them promulgated as at first framed:
Wh<yeos Of this board for the past five years In
tayP Of 4aGaS a' SaSS Steadily mt With
s Which al he eorts Of this board in way
Of thorough reduction OF rates have failed 10
Wt%csGs Further reductions tariffs whole II sln
admissible wonld SUI ia to nGneG snc9 GonPa pam ",
basis Of uniformity however low Nat basis may o. h1td ana
Hher1s such opposition has hthyro been eabel :"
position Of apparent success by selection Of iSKs De
Of th board expense to cur members not shared
by nonoaTd companies which oXPfSe the me,nbss o. th,
board unwilling longer to bear for the benefit largely OF
who pecnty ondesyor hwart all our Efforts In be-
We co. The opposition 10 such efforts been strength
HG e If a2d Strength Which SavG until vain
cent dee acted lary or wholly VIII us VIC. arfSon
the affairs of the country adds largely 70 the dsad
cSmpeting Tor Ire desirable protection and
iir rot ,r0er the sirecon Of THIS board or through
Tie iDstTuuataiy OF LEGAL boards large nunDcr OF whch
thai n act little remains maintain srch with only
such roducou as may prot be made BY such oGa DosS
gh.reas The Vi has the loca agents from the
taif ready tcir hands houd and undoubtedly are 10
a large extent f1y INFORMED, Of and in sympathy VITA te
principles TINS necessity Of rates being al
jsted With due regard 70 hazard anu lpcay now Therefore
bolt
srucions As companies belonging 10 this board may give
then respective agents ~ 10 te proper rates to be maintained
or fixed b. board the Gcpa Oi SuGh agtns
noajtts ri such local boaida in hXn and maintaining
Jrr OF rates shall be justly aud iloiay eniorc d.
by 10 u board or hereafter rated In hc a7f o. sTGh
Vdual Judgment ana determination Of the members OF TINS
beard
Eeygrrd whenever uiembsr Of this board shall
become satisfied mat any agent rales nng any other mem
bcs THIS 100 r Gnd Gcn% connected villa any local board
IS MOI aong - good ialth ~ sH'h ooAi ODH9 such eS
Fl frs, notify the company whose agents actI ~ com
ton then offered, such COMPANY sha ten Hp"h no. s me
Committee OF sIch idc be GusoFed :IOm any
o,ieatiou 10 OBSERVE the rules q snch local board.
Al yesterday mornings meeting The mcIpb'r Of TIE
Executive Committee elected on the lreroue day, drew
lots TO determine the Length Of time for which each
should serve Onehird having been elected for year.
one-thrd for two years. and Onehrd for ttrre years
Following is the allotment: One year-M. Bennett ir,
". G. C,owcn and Il. ]. Smith. Two year~-Charlos
Plat, j. ". Murray, J. =. HAIL ana George r. Hope
Three year>-D. X smith, d. A. Head George f. Cram
aud i. j. Hendec.
Georgo T. Hope was reelected Chairman, Thomas H.
Montgomery was reflected General Agent, with the
same powers and duties az heretofore ana Henry X.
Miller was reelected Secretary Of the committee. The
REDUCTION OF expenses to j OF mill per cent about
$4,000 year. rs published in Yesterdays TRIBUNE,
will make necessary tine discharge OF come Office en-
pO, OF the board. 1t ~ INST thought that II
wo:d be necessary to discharge General As't Mont
couery ard assistants, AID tliS point clc! forth con-
found tina. The 5000 yeaI might hc made To iIciude
their EXPENSES and they were accordingly retained