New-York tribune., 1879-01-21


the business 10 DE profitable. we permit other
| companies TO take the risks Now IT is proposed
to establish tarlf association win nn,iorim III
rates. for each violation OF whrs P'nIIvy
Of $50 shall be imposed. one n III" atNp
| Gates II this scheme suggested to Ms ty-l"y
b,t tIs conn4oy snonJ nav "a larger penalty than tho
smaller ones. ! Tcpl ed mat the company Wouu JON
the association only on condition titt me ih'S Niu
hr maintained honestly. and tJ1t ten IL "mid pil
Gladly - coo for any violation OF the rates. when ne
small con laIiirs nrc "TUwUiu2 win their bels "'N
I.f ahoyr wat,r thoy CIV out. Help Cas-us hut
ru We pun llcin out. thry ut on,e wax rat aud Scy
and b'ciI cutting rates. lhs Is me t'nfth 'u' n'r
sr fhi- uroro,, rcorac1. A. to saS, We should aEe
fo-tay precisely the same risAs that we would nave
l taken ok or "A month ago 49,
President DnrcElls, ~ the Saicguhfh Insurance ''il
pauy. denied cmphaiicaily that TIE sWil cOhpnnte
were responsible i,r ~. present low ra,eS; H Az we M
tuniranirs have shared" le SAID ia causing me i'
drr nn II was a lpr.c romruny which first broke the
rate FIiu.-I reside nos Ihere was dlr nhlior
ra. oi - cents houses Of mat elias. nnili larsr
rpnay IN this citv reduced TIE rate 10 10 9, MIS- am
safe IN saying hat policies have been written recchF
IdwlId VI rriit ircsilont 81 the Amity Insurance
Compl =. said LAT the comp tnya loss n"d been 5000
ILere had been January" he ~ H. no impaitm, u,
Of tn calita OF the c9mpony ana ihou-t trre m"ud
! be none ON F'rruary but that w" c'hn"uy N,m %
lose wdat il haI made previously ON HsNS are PM'l
in surh a manner thlt II "0ji b' very 'fSc Hr' lm,
WCui, .auSc loss io ti' t"ihldh' "i over tIl'
risA. jh" matter Of Withdrawing itoni business t'
be. discussed recently b. the ar ctor, o. the company
rui II WAS decided not To do 40 % pr sent
" cd ~ nncdy, agents OF lhe nrsio" @ M &
IDr .huut tlrcc Y''rs, ana mai rates h ne" ITl'''
rnat tilrN men N'ti' "a i' '''
[ rrCCpts VaH fU IN llilt INV N"i' t."
tin m values; ard ia order l" h"rH in'
diminished receipts colnp'"cN nave gl'h 'aisrF per-
ccufa brokers md taken Increased risks tr-i.n T."
IN K Inc cniirc premium receipts :of insurance 40 tit
cty wcrr - 2OOO 600 orthc hr~ -E months ~ last }c r.
and fnI the last .iX rs have been c'maitd AT -
100000. 1hc cl IRE th"|"t H"' D., ,'' VIZ, "H"t
these fwo hTCs. IBr strongest c0mpthrt now Il, man"
Old current aficr The Chica2o tr' MrP'r"
insurance SATURDAY 1T - cents on the same sl'rL tt
tue hrst the same week "" ma "'iu'i'" ~
was effected within two weeks at - cents i"r t"rr
Yeas SATURDAY We placed mother p'c' nj I'm, rae
lT..a fiIg lrf
last IRE, and there mas been large demand !of IL
fr@a,ric A. Conklin.. president Of the A;tua Insur
apce COMPANY ot NcNNurk, said IcNteldtf: " W. tN-
pcot Ia lose between 500 ana H'ioo ~ me "'th-'
lr%. han 81 900 W. hal a larger amount than niS
insured In our name, bat the balance was in urcd
for the account of the Buffalo Union Fire insurance
ginning of the year wa- small bat go. capital WIS
II impaired. Iha effect Of the LOSSES hJ the rcrrHi
large fires w be- TO increase the rates o. Insurance DO
Th SECRETARY ~ one Of the large English insurance
cniupaul,. said Yesterday: No,h ng except the most
a,touIshir, rood uc keep Some ol the smaor COM
pauics oIt Tacy have hcen taking fVe years IisA'
al rate, which the larger companies charge Tor one yt,
ana iloy often nay back 30 per cent 0f Their
receipts 10 brokers. Heavy losses under such
circumstances not only weep aNay any surplus,
but also large holes IN ther CAPITAL For three years
Ir rate, at winch these con pames nave taken risks
nave pecu runou-. The late c3 VIII probably swamp
s,re Of thcm and tcacl the rest lesson Rates must
GooI A. Stanton. agent at No. l52 Broad
vay SAID Yesterday Tn losses by the ~ i.Ic,
tins ciiy have produced almost a panic among The
smaller insurance CulupaLIts. otUCkhpldtfS IN
s,ma of tuc~c companies, | hc1r, are talking OF
susprndmg business and dividing up tho c1pltal
iur Osscs by Tie sorth-St ana Tue 'ai-sl mes VIII
nave the on ct to sii-a rates. Insurance companies
Will undoubtedly reduce Their lines also Idcy VIII re
fuse 10 take laiGe lErs oI h.aut'h'p III III, IL uIl
goods district, aUd III TINS each company VIII have
| lis share of bd~Iue-s and can demand "a lar rtc III
every case lhr INGREDIENTS seem 20 utyr been stunned
H.; the recent disioiTOu, tres. SOe are wiling 10 pay
any rate demanded Tor insurance Ia SAFE cOIpauI =,
while others holding back in he hone thar rates vii
20 down a- ain when the present excitement subsidies.
waiter T.. PI-t. secretary oi the Guardian insurance
CompauN said tIdi the company loss IN the N0Itu-st
i, would IuIuLu, TO mUIa thn 300, cauHcd ~ te
damage from water Iuc COMPANY iaU no ilShS IA any
/ of the burned buildings.
Al J. suIauce broker said yesterday tIat Tie recent
large fires rad not caused any d'oilne IN Insurance
m.uts-no, ior spcculdOu some stocks were sold to-
aty al prices as nigh before tn recent flies. 80
fGcL- o The companies which lost heavily 10y these
fires been sold recentv. and decline IN te price
of tbcir stocks may Do cXpcc ed Those companies
whose capIfal has impaired by the recent lOssts
will keep their stocks out OF the market"