The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1879-01-30
inform you OF their action the subject In the mean
time respectfully yours, ~ "iSsioN

Jon Of their action the subject In the mean
time we ure respectfully yours w. "A"''"N
OPINIONS PRO AND con.
The Equitable, New York. Washington ana Man
haitian, as well other life companies, nave been
heard from aud favor the system OF supervision now
in existence. OF the American nre companies. tho
williamsburg CITY, the American Fire, the Niagara,
Glen's Falls Pacific, Home and Continental give
favorable answers. .
The ROYAL Canadian thinks the department ought
to be abolished and the Superintendent SAID he was
not surprised at that. for he made the company pu
up 100000 extra.
The Phenix Company is of the opinion that the in
surance business would be better served by placing
it the same footing all other business-naneiy
sEyery company to stand or fall upon its own merits
State supervision enables great many companies 10
secure standing and credit in the community that
they could not do il they had to depend upon their
own exertions Independent OF the department.
The German-Amercan Insurance Company believes
that supervision Is all right 80 tar as the assets and
liabilities concerned As to all other matters re-
quired in statements We do not believe they are any
advantage either to policy holders TO the state.
but, on the contrary are an unnecessary expose OF
the private affairs OF the company, which should be
known only to stockholders
The London Assurance Corporation, Liverpool and
London and Globe, British American Insurance.
Commercial Union Imperial and Northern. and
Royal all believe that the Insurance Department
would be protection to policy holders and regard
its abolition unfavorably
REPLY OF TILE UNITED LIFE.
NEW YORK, JAN -, 1879
DEAR sIsYoar esteemed sndsr date Of the sh
sickness or would have received an earlier re-
E to sp AM no" Of hose who Ssess
ternal government system. Could always be sure Ut
having the right In the right place 1t might In
respects be advantageous in others not III my Judgment
how should feed them. lie evidently an illitcrate
understood fish better than did and looking up
10 he smiled my Ignorance and said "a hsh can feed
hsscf better than any feed him" Il occurred te
that he political economist although an ignorant
who could instruct many of our law makers TO ad-
vantage The Insurance Department of this State rs ad
nnisered by the present incumbent and his predecessor
has dong efficient and profitable service not only FOR the
public also for the solvent corporations under
But what shall about some of their prcdeces-
In Judgment there should be some state super
Department banks. instance If the superntend
ent should call the insurance companies, at least
more times year, for detailed statement OF
their condition. certain past date that he might in
rendered in thereof he should lind
thing Unsatisfactory in nch report III whole or in detail
he should at once despatch expert TO examine them
Such should published at the
expense the company and the
company also should statement in its Office subject 20
the inspection Of person desiring TO 1t during bust
brought bear directly upon the company and tho
people be educated taking OF themselves that
the public would learn the words Of friend
the fish dealer ito feed hssef better than could
Banks ask their dealers for Of their condition
when they desire information in regard to their credit and
responsibility and there Is life other in
companies should not give such Information in
detailed and authentic form to those whom they ask
accept their credits and their therefor Turn
about Is fair play and tends to keep all parties their
good behavior There is reason why the same ruo
should not be applied to corporations asking credit that Is
applied individuals asking credtpubcity Frequent
public statements will benefit strong well managed insti
tntions and weed ont the week Credit sensitive
JAMES BUELL. President