, 1881-08-28

| Thgsn;y' of New York, North British & Mcrcan-
tile lag behind is mystery to some, put Il IN Is
Mnnufacturcr, has dozen branch Offices down.
tow, and uptown, nii uhdcr its chtet agent on
! Bro:,dwuy. AT the main agency on1ce brokers'
in many Instances over - pcr cent,-and ut a!l
tho branch offices 70 per cent commission II
paid The IS tho5eiGho &c Gre hi,es
right and left to un extent TINT caslly accounts
| for S,l 100 in six months 1t Is company Ut
undoubtcd reputation and % soveney; &C. 9 Nv VIE a1s
and low rites accepted here have become 50
notorious TINT to quote it i'll any other office is
pa.y IS rushing things in its New York agency.
ana ut the present rate will soon pass tho Liv-
crpool, London g. Globe.
TIL: ''ClTl OF LONDON" AGENCY.
The gossips have been hard at work trying
to settle the vexed question of who is to have
the agency Of the new English company
the City of London, ,''-wllosc Manager and
Chairman {llessrs. Phillips and knighu are
how III this country to nlakcan appointment
1t has been published most positively that
the company has been rendered to Mr.. John
Z. Paige. of Boston, the present manager Of
the Mctropolc and the General Reinsurance
Company of Paris. 1t is stated that the de-
post is to be made in New York, but the
head Office for this country will be in Boston.
But just Us the gossips have begun to relate
the most astonishing stories Of how this ap-
pointment WAS made through the influence
Of E. coz,ns o;,ta Smith, f,,i Of the he Imperial
like Il 5ack-ill-the-box. and says it is all 4
lic,-a d--elusion in fact.-and that no hasn't
their hand again, ani have finally settled down
into tho belief that Sir. Paige may deny as
much as he pleascs, bur it he wants the City
son why there is any uncertainty about it Is
tha. he is trying to hold on to the Mctropole
and:t'other company, and take the city OF Lon,
don. too. The Idea Is, that be is trying 70 Eet all
hands consent to allow him to run all three
offices, which would undoubtedly bo Il soft thtnt;
for tho gentle Jonn; and nring much ducats to
on on, Manaser I Phips eepins shady and says
nothing. The "Ct. Of London may somo
Easa ouy at it
ital and very little home business Its FORTUNE
is to be made or lost evidently in tho United
States.
THE *ALLLAScE OF LONDON"
is another English company Of a very differ
ent grade from the one last mentioned. 1t is
not only the peer of any British Office now
here, but of any in England. 1t is one Of the
wcalthiest and most prosperous and highly
respectable offices in the world. 1t hasbeen
considered lis having a Hebrew cast III its
tONlpOSll1Ull, UuI oQCil oi11tA lbuLA3-
child and Sir Moses Montitiorc, who were for
mani. years i'll its Board of Directors, have a
worldwide fame which no slur of their
Hebrew origin can lessen. The extension Of
the business of this Company to the United
States has caused q seyell-lays' wonder to
the profession, because it has been for many
years understood that the question had been
forever settled in the negative through Il
former visit and inspection Of this field by its
manager and two Directors Immediately
after the Chicago fire. The report
Of tbs Xisis WaS a;sf pmt4Sor1nie hniI hr;.
never come to this country But other coun-
sells have prevailed, and MIR. Robert Lewis. the
manager and begin operations. lie left Liv-
crpool on tho 10Th per Scythia, and will probably
arrive about the :Oth inst There are half-
dozen competent and experienced gentlemen
who are eligible and who would lilSn to BIC the
manager of the Company. but whether they
would like 70 be known rs applicants or
ably any Que nf them who should E:ess his own
Claims on the manager would ruin his chances,
rs it is believed here that the office should seek
tho man and not the mnu tho Office. Nr. Lewis
is statcd to be IL man Of slow. action. who will
not hastily decide the question Of who Is the
best and IT b nany ohs Gre the
THE GAMES THE MANAGERS PLAY.
The most innocent and unsophisticatcd
gentlemen in this city, when approached OH
the subject of who will be chosen to repre-
sent the Alliance or the City Of London, are
the resident English managers now here.
Bless their amlable souls if. they ever heard
a word OH the subject; may they be blessed
il they ever tried to influence manager i'll
his selection, and may they be consigned7to
perdition if they care one rap who is the
OH tr,ry
care for is to be let alone, so they can manage
their own business in their own way, and
they 1o1l't rant to be asked any questions
about the chosen ones OF other companies.
That's the way they talk in public. But
half Of them have candidates in their
minds for every company which has
thus Tar laldeH n;,, on these IS. shores: IS
& London influence decided the Phcnix up
pointnlent, tho Royal influence which gov
erncd the London s. Lancashire selecuon, aud
the same company Is credited Tor its principal
American manager isl with steering tho Lion
& Scottish Union into Hartford hands. The
dependent affair, guided by reinsurance con
tract. In the same way the City Of London
1nannscr is charred with being under ln,perial
manager was here last year he informed !. city
President tl1nt when it was known in England
that his company thought Of coming to Ancrics1
nearly every British Office represented here had
n candidate for the place proposed. Nov it is q
source OF anxiety to learn which office will
have the largest influence with the. Alliance of
London. and It is creditablc to tho coming
manager that the general answer to this query
is, Don't Know"
THE ''AMEE1c!AN-IRIT1Su COLONIAL" EPI-
SOUE.
This is the ligll-soundlng name Of 4 pro-
posed company whose prospectus was cxte11-
siyeiy advertised in England under the
auspices Of j very respectable Board of Di-
rectors, with whom were associated also
three respectable New York names. Some
evil. genius, however, persuaded the writer
of the prospectus to incorporate in it (. re-
markable statement to the effect that IN ar
ran CEMENT had already been made with one
S. 1sohlney Anderson, Of New York, to i'll
troduce (, large American business to the
Company, ETC., etc. This was the fatal word
which killed the Company. Anderson is Il
man Ut 10 substantial reputation i'll this city,
and the mere mention Ut his name was Sntli-
cient to bring down upon the head Of the
concern the concentrated wrath Of q half
dozen Insurance editors. The rctlliot
shot which did the work WAS fired
by Mr.. Stephen English, the llonorcd editor
OF the Insurance Times. who peuncd letter ex-
posing tho absurdity Of tho American pror,--
iscs III the prospectus, nul sent it over his own
signature to tho London Times for publication.
He also sent slips to all tho insurance offices and
journals in the United Kingdom. Tho managers