, 1881-03-26

Sit,cu tho flrc-lmslrance cninpa.llDs holng
business In Massachusetts tlnye agreed, With
oat NJ, exception tult'shugll some Ut them t'ld
u u't1cr protcst), to tho new standard tuDtcy
fortn Imposed upon thenl by thu Legislature
Of tlat Stnte II Is l,cglnlling to tlnwn I'll the
minds of tho COMPANIES III New 4nr1t tint
they may expect Tho saulu thing here. III.
ticed,the Insurance Department IL II, fnyor Ut
It. Rnl til, Is nt,w l,tfarG tho GntnlnIttEea of
the Legislature prosIfluR that such pulley may
be thiorrci by tho Department upon nj! tho
compnntcs. tlsn Roul movstnuut Tho Mas-
snchnsctts furn Ia mt frc1 from oh1cct,nns i'll
nsniuch rs It ehnngcs tho conditions Ut tho III
sur1t,ro c,,,ltrrt n tnnny ,tartlc,'llrs Fur sx,
i. yoa uso In Chitaao. prnhahiy
w ytito yyocy unypP ti'U
f"r itH i ,'esrea }hat s @ sa "i
void policy, Under orltnary forms y cDn!pt.iy
M ths f'Ys e e. Sss r. wy .g 9r W. nv h y.
Dotcn nf stt intontlon tncacnl Is required IL Is
Inrular nn,on md - sat ~ tt,g penc Tei.
Uniform policy tlioy viii e,eE tnr i ns engtrS rs
Gh'nren q .. Ery fr sSar p; }"t ;or rs sn's 4.'s
" en4na i'm nj Tor ,his 'H roy, nn rs pr.parti1a to
secure i voscc IN its prebnrnt,ott. Thu ia.pssn-
tnre Will prt,bHbIy iltlenh the bl1i ~ ns to prnrtnt
uny ttg Mrb'trAry pt'wer from USING its tlis-
crgtlon In I'm Unjust hummer.
A COOPERATIVE vrCTnIsY.
So,nc time aEo ex-SpenkGr Hustled intro
duccd Into tho Lower llnnse Of tho New Yurk
Legislature sl,nrt bill desLu,lctl tu prevent
the organization 0f cooperative MUTUAL bpilrilt
frauds lII,lor tho guisc 0f lltc insurance, TX
ccplIng untlur the supervision of tho laws Ut
this State. 1t was this bill wIlle'l the Deputy
Insurance Commissioner referrci to before
c0lnlulttco of tho Connecticut Legislature
so1llc time ago, ind wanted In bet hat It
"oula pass. Alts' inr Inc ShHsnlne McCul'' hss
u,,d thnt tho, uppn tho motlou Of SIR, Hustled,
t,s putnityc al,thnr. 1'nc rrctl. 1T tI,o mutual
i,cnciit socuiics Stirred i bsr row over tho Giii
wisn .,nr'y"1 II fnust 'IInr.,aiv, Ti,H stntc
n,rnt II inntin .hHt I'm sf'ssn t,;;irnn"H hrn.iv
k,ite,t Il. t{iistn' .s htg,a r,eisMiGrM n,,,,nn
tho MasGn:; anu a. thu hllt Il! ,Issslon , renlly
snnlcti"s frnn r,rr,,r NJ" M 'g fc.insr1ns
schemes on tho nssrssInent plan. 0xccpltna I'LL
dsr tio .s,lpG.ysInfi or me m !usi'rtcc 3cmrt-
n,,t t1n state IN co,cctitrn,e thcir ,,,,stii' Ia
tho hitl upnn Mr. Hustled, and hv wIshlrew It
Mt' ~ o. n1ii1Ey sris ,y moving that so eaaet'ns
~'"A'0 ~ s,'., ~. ~ ,,.>.r, ,,,,r,>.,,.s
r,o .,I,as,r,'s .N ,S,n,'i',,ca nf n"s; ~ .,,.
i's 49,. ,....,. ,.'..,..''
e''''u''''iso c'e'se" - ''e '''Ao "'"t NV u"s
i.sS 'aSI scAs''' Nus pec! heHe'"us "hlll'Gu'
Inc Fesnit ~ colAiuela''e auFpIise lHat ttie
tircnhwich u1lu 0tllbis iIrt going 10 try t3ieir
lmcIs nEtEtl. T!Iere Is rrabnD'y n0 sl,cll
llttDtlHE tFAfG III k19 WG}W Wtttll rates HFt
i,,i, a., tl,, 1,l,o ,,nriro. nm tt l.. ,ir,, trro
nten 10 w ..he !.''' ~. ~ :" a!s" ''uo
TINT thore IL M trade "heroisf tho Grstl'ts nro so
uncertain. II It were possible tn cnt OIL the
r(.ka nhnut tho 3tst Of August TIM cI,uuccs pf
,,r,,,,, ,.,,,ta hn ,,o..urn,,r ,,,cr,,soI Tto
p"tt *''a." ~ n'ctsat""'3 'ne1thae.' Aho
companies usas.ity hnsa happy experience stp
to TINT tisno III taking premiums u1!d fuw Iu5scs,
| It hny. Grhrrny tlioy nro ~, fur abc,l tley
arD encouraged Ii trrlt II l!ttle whfto inngrr,
Att shey kter VI, isntI nome s,,stert,g SpUt-
i,ur tluy gale swcgiA over tho lHkDs ,lrut il a
glu night wipes nut tho tlrnis Ut Il whnte spp-
Rnt. There x srrlulis trpusltIGn in tho Directory
If ono Nnw York cDfni,nny to further cx,,url-
mcnts tn Tho hike business Mtld, II 1t ls perAstu,l
III ut II loss nnoher yrMr. It. ~ pra,'iatrl that tho
result will bG revolution In tho oillcAl stnIr Ut
| thu company.
CONCERNING TIE pRf-nOoDs DISTINCT.
I1lore Is Il singular cll.nge In tho views Of
SONIC companies relative to risks IN tho dry
! gooIs district IN this city. immediately
utter the fire In Worth street III January,
1879. there WIS wholesale reduction IN lines
throughout this sectiUn of the city. This
WIS followed by rapid incrcuse in rates,
anil Whcn tho revival of business begun t0
swell tho tlonln,,d for insurance the n,cr-
otnnts woro n,iAbIB tn ptuin the latlotlts Of tn
I u,r...,.,n rt,,ntr s,rnr sfuI. ptoeto