, 1877-04-23
INSURANCE.
Approaching Meeting OF the
National Board.
Large Losses in Observation-Disclosures
at Home and Abroad.
How the New York Department Gobblel
$l00. 900 Of Chicago Money.
Sharp Practice on Merohant--A TEL
egraph Insurance Company.

Fo,n Our sp,eiai Chrrttpnndtnt.
NEW foHk. April 1D.-Next week tho annual
meeting nf Tho National Hoard will be held In this
city. It expected the Hoard will quietly smile
at the situation. rcuncc ia own working expenses,
and adjourn, allowing tho Executive Committee
to perform the real work Of tho organization, a.
heretofore. Thoro 10 noticeable difference la Tho
fee'tHgs Of tho companies now and those they CT.
pressed year ago. There Is not only willing
meas, but desire, to absoso the Board from oil
responsibility for rates, and permit local Boards to
dccfdc snch questions in ther own way. Tte
salaries viii DO reduced Srgrty, and the number Of
employees cut down, without doubt Tho Quos.
lion Of expense has bccume aM important ono, for,
Independent Of tho local charges. from every
quarter the Assessments borne for the National
Board expenses directly amounted to upwards Of
Sl0o, 600 per annuul. Tho present situation is ono
Of serene sattsfaction with reference to tho now
Board competition, and dfsgu't for the low rates
prevailing. The local I1oards havc gen.
orally met the new board competition by
concessions in rates, AMI thero ia tess Foslns
among agcnts about losing business on that &C.
connt; but the risks secured by this plan arc being
carried 1t fearful discount. It ia not supposab1o
thht the situation It afYtc tho country at large
will be materially changed by tho National Doasd
meeting.
LARGE Losses or rnE TEAR.
Tho opening months OF the year 1877 hnve not
been proptttous for prodt 10 tic hro-lnaurance
companies engaged In IN agency business, nor for
those OF this locality engaged In strictly city blai
ncss. Tho agency companies enjoy tho experience
OF w!plng whole yrat's profits In son1c paees In
single DIRE. Tins in 81. Louis tho large Grcs In
March, and la!tcrly The Southern Hotel hre, havo
c1tinRutshcd all tho profits Of certain largo COM
panles made in that city in two ycars. Tho same
es.ene. Of
over So 600 IN any city 1V ch,esEo Chi po.ton sa'
and Now York e.eepteij, and, when
sso .s,. s1o, 900 io...s ,aio made, the
Gnss Gro1 ,h,. Gb,t ta e ySa J., gone iotcser.
ncrs nas %. ond ti,.t + ~, ns r0at oes
pTcsnn~ snd ss,i1 o. n.sn1gi sere w.
@ IN H. Rnn fIc "a rsW nork
wch "a ~ son,a a o ha nh
rsesp ana &c ne 10 aonnt % y t ts yess
pnrss ,nrty ,p n IT. H. ,rcai r.nts WI 10
,v,,, DExoNAt,xAT,oS E. y:.,. " y! M G,TY RATES,
snrs she ssx S a o. 's %.sH nGsd
tticher ror h;ndinr .,.. VIZ ~ r. H. ee, sen nnoimy
e n's plnce IN ihe Now 1orx Gity uoasd and moved
thst fatee % anylsoty nc lad Or the ca'nels back
70 maintain Tho torli va lndleFous fatco: Since
@tnen @ H. nas nesn caAt 10 ne Wnae. Iho 1Neet aas
s eS s umSed 70 e
10 ; sah"a . soe ,sh st"rea 1.o toa In ths
ntokcts r., o,lees about pol.
twoa!e monthe ago for one year. one authens!.
e.; yes; M xf.1 = 4 EsS !iisa H.;
week u per cent fot thIce years. The cheap
enoaee3 ~ m "a theJ eta eaed. which src rated at
breaking Of tho tant!. Essrybosly agsccd thoy
were cheap enouRh before. The ecranabla 10! bus
incss now dhxracefnl, considering tho real con.
s,ras; san aeaeSt nhaef ttc aaf1acc mo oa
@ .cn.t tnc x amI sMt. compan!es'
si. .b.rea ST IL ~ otss IGss
81 msany ot 70 smaller concerns sd .asn hsy
MSish ,isi induce. sumo Of the lar9e companlss to
sr.y tS@ ths a.ss nesheo'
Msw Yoss makss ths tate. for tho whole country
sSs;y ss.e sa$ ID 6nsa TEe ssss
~ = se ~ xo;S .ss
sSosSThef9 ste h T., aas tselt OWL towns Or elites
ads hete IN ILL., nont ar ee,Tnet .o aIs etse onsa
pany nere may .ssso ,s - nn ll!n.tation nc says:
NM osr ~ W. malaG satea N tns tesi o. ie
E9MSies ouI moL'snnn's hre ab!e 70 tcna 70 New
scser" snt Sur ia11a ast wcsK e.
p.eta Il ss~ oe ss css peass' s.;
81 Ss.':ss - * !: :! s:s9's;! 4
a12 & sadsssa @ sss
ars st and c"u;ash. LUG oce' snas our fa1oa
y Se @ xss; ass! hs3a .dae The name of almost
pss = a Sty
fa'es' ,,.r. ~ ~a.,x,~.., ..,u.
ID tn sss tsss s. o1s fss Il
WA starred by tho Arctic Insurance company,