, 1879-05-19

nrders and edlct5 TO gre Tone anQ cUpuasls 20
NE increase. Bloated BY its own greatness IN
ne wears tS12, '73, and ~, when the companies
,sere aft governed by Board rates, this organiza-
t3on tyrsnpized the whole country, and its utter
.,sejnssness now is only another case Of served
,em right
THE NEXT sEan-NSUH STATEMENTS.
The business for the first balf of the present
rear is substantially over, SO lar as the receipt
of premiums are CONCERNED, and the officers OF
companies are beginning to scan the figures
pretty closely in anticipation OF the July !
! statements called for by the State Insurance
Departmcnts. The loss columns are large this
rrar. and it is the current belief that most Of
ina couuanies possessed in January Of less than
&75U00 net surplus are now impaired. What
ever may be said generally Of the efficiency and
des,abIfitY Of State supervision. it cannot be
disputed that the revelation Of companies true
tuuardness brought out by the statements
made to the several States are Of great value
TO the insurng public, and are eagerly Watched
1or By companies and agents everywhere.
HOW TEE COMPANIES FOOLED AWAY TINE.
There is sign Of despair among companies
with reference to the PROBABLE failure ct the
tnew Tariff Association idea. This was to be the
pauacea for the local troubles in the City OF
New York, and was set up as the one thing
peedful to re-establish rates on q reform basis
in other States, but at present the whole a1tair
has been abandoned, and the prophecy made by
this correspondent in March has already come
rrue,-for truly rates are being cut more than
ever. The custom OF giving back 10 or Is per
cent o. the premium 10 me assured IS slalt kepE M
~ VIII variation OF aoEanclns tne rebate 10 ~ =
per cent In the practice OF some companies, and
letting down in the rate year by year. The
idea that seventy companies meeting ten or
twelve times to remedy these evils should be
unable to accomplish even lne Simply result ol
aoolsa1ng feoates 70 tne assured SHOWS noM
pef1ectlv 1nsincere tne COMPANIES are IL lueI
ellos1s 70 pTomote real feAorn'
PURIFIER DECENTRALIZATION.
, Rates in the dry-goods district, which went
,n ,,l-a . root-a+ n :Tannarr. hava +rntv con,e
~ ~ ~ ,e..> ~ 49, .a,no - 49,
oo"u 1he sAlcA N.Y. sc.o - ~.
companies 1nouen' IL was 4au ~ eAteuo us
n1ua1s ol 1ne ur5~soous ot91'aIs auA41s. =,
""e aoo.e oausl e'4e.." Ae5 one 10
Eloss &ai'u ".eu s.sas A'nn ,, ~ sslN.ss s,ss
;ts ~ u th;s an1 d;strct wa,a rednca5 ond ai
above Canal street were charged taritf rates less
20 Der cent. The next movement was disCrim-
1nauon III 1aFof OF certain olocks oeiow Canal
+f n.;1 ., h ;sje+n5 ~
he dfstric1 between Canal and Dnane streets.
The movement in rates is ILLUSTRATED by the cx-
pesience of one mouse on Leonard street who
paid 50 cents in December SO cents in February,
aud 60 cents in May. Warehouse rates which
we're firm in. February 1T ~ cents we're in
firm IN March at IS cents, and low
free and easy at 80 cents. But to get a
thorough idea Of the increasing decentralization
in rates, one must 60 further uptown. Tile
stock in Stern's new dry goods store in Twenty
third street was 81 cents six weeks ago,
and is now accepted as Is, and the store-fxtures
IN that store are written in choice companies as
low as 95 cents. K. Hoe d Co. printtng-press
works, mingled In with lev dwellings, to sugar
coat the pill, has reduced from IS cents to s;rty
cents inside Of three months. and SO on dd sn-
.f1:tun,l In spite Of all the predictions and
hopes arising from the January fires, the situa-
ton In 1re-insurance in this city has actually
grown worse aud worse ever since. There may
D., be sllEer.lining to this cloud somewhere, but
MORE FOREIGN COMPETITION. '
Appointment agent lcaV,s here on Saturday
On tie Britannia, for a second visit to England,
on business connected With the bringing out OF
'nother large md influential English fre-in-
surance company to this country. The streets
are ful! Of rumors as to this and that English
company desiring to enter upon this field, but
nan Of them IRE Eroundless and the other half
ooaottal, but it is an unquestionablc fact that,
IN me dull times abroad and the enllven1ng pros
~. ousluess 10 tnis country many hngnsn
asasonree nf f;nra 1rot T3,a 9o1a,t;n1 - m
extract from q priYa1e letter receiVed from
manager Of a comnanv ding }arre. An1ericau
business thronrh a rcinsnroncc nrranremcnt
Bith COMPANY doing business here: q While
ne shall pursue our oid-fashioncd way and stay
our nelghbors are iiIieentIv scrEinr reliable in
formation relative to American business. WhIlo
your country CONTINUES to improve IN respect to
is business prospects, it's advantage, - to English