Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1880-10-21
FIRE UNDERWRITERS.
Delegate Convention at New York First
Days Observation-Disclosures Proposi-
tions Submitted for Action To-Day.

Days Procee ceedings-Interestiug PROPOSE
tions Submitted for Action To-Da
NEW YORK, Oct. 20.-A convention of fir
underwriters, representing companies of a
parts of the Union, with delegates from Eng
ish and Canadian companies, assembled to
day in the rooms of the national board. Low
den 6nowden, chairman, on taking the chair
briefly stated the object of the the convention
referring especially to the unfavorable legisla
| tion which insurance interests had to contend
The secretary read q list of sixty companiel
unable to send delegates but expressing sym
! pathy with the objects of the convention
Committees were appointed and sddresse,
made on valued policy" laws and qualified
policy laws" Recess.
After recess MIR. Chard, of California com.
he supplemented by Offering the following res
| olutions, which were referred to the commit.
| tee on business:
WHEREAS, OF late years insurance capital has
been the subject of persistent unjust ag.
gressions. especially in the direction of hostile
and unwise legislation, past and contemplated;
and
WHEREAS, This interest has also suffered
enormous loss by reason of want of conf.
denoe and cooperation between underwriters,
thus engeudering reckless aud too often sense
less competition; and
WHEREAS, The normal and material interests
of the country imperatively demands stable
and prosperous condition of capital, be it
therefore
ResoI cd, That in the Judgment of this con-
vention all who are in charge of insurance in
terests should recognize it as personal and
high public duty to encourage by all possible
and fair means a spirit of fraternity and CO.
operation and unity of sentiment between all
underwriters, to the end that public and pri-
10 80 -.k- 4 ~ L.
ance companies themselves be saved from i'm
pending destruction.
Peter hoffman, of Niagara, delivered an ad-
dress on "The Situation and was followed by
Samuel Blodgen. of North British America, on
''Incendiarism.' He offered a resolution,
which was referred to the proper committee,
that the convention pronounces itself decided
ly against the system of insurance profits, as
subversive and most destructive to the inter
ests of insurer and insured.
Mr.. Briggs, of the the Williamsburgh City
Insurance company, made some remarks on
Prejudice of the Judiciary" and b. A. Oak.
ley. of the Howard Insurance company, spoke
on "State Deposits.'
Mr.. ECowarden, of Richmond, Va, offer
ed resolution providing for the appointment
of a committee to report as speedily as possible
suitable laws for a national board of FIRE un-
derwriters. A. G. Baker, president of Frank
lin Fire Insurance company. Philadelphia,
moved that the matter be referred to the bust
ness committee.
Mr. Hope, of the Continental, hoped no 40
tion would be taken in the matter. There
was national board at present in
existence, and they did not want
two national boards. He suggested
that this body be organized into a permanent
one and that tho committee On organization
should report suitable bylaws and constitution
for its government at the session tomorrow.
NJ ADD k>l
1t was adopted.
MIR. Walkeri presented a paper which had
been prepared by MIR. Hopkins, of California,
and this was referred to the committee on
resolutions.
]. N. Tate, Of Richmond, made some remarks
as to the expediency of the convention devot-
ing less of its time to legislative measures and
more to other subjects as equally important to
insurance interests.
Adjourned until TO- morrow.