New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1882-11-18

word. Mr. hoffman replied TO George T. Hopes speeo"
on Thursday. He said that the undercurreht Oh i'''
Hopes remarks that there wac no honesty IN 'Sui
ance officers and It use 10 attempt any re'or "
that account They largely OH Arrangement OF inc
old National Board The only point he made was tnne IL
was worth more TO get risks on farm properties 'n"
ordinary risks and therefore the agent should be paa
more. lie (Mr Noman) oontendod that rehlly sne a.
Of the New York broker required argo eN S ,he conn
try solicitor successful lie Thought ho "soV,nant al
could 40 on IN It's work even without the |on'i'""
Mr. briggs asked whether any compact could he car ar
rled honorable men were Wiling u 20 oud
honorable thing I'm an honorable manner. TINS chueu
Mr. Head the floor with passionate protest Ine no
sentiment should forth as the opinion OF lno
ton which cassed ell insurance managers hs us
honorable who could not be bound by good latn o
ADDED that the greatest disturbing element IN tho two
Old National Boards had been that on open coin' M
10 agents The rating Of dwelling houses had Deeh nun
fed by IT, The remedy was Tor t1e Ys,n Uos
Tor us and at the same time do business
for companies that pay 20 per cent commission.
been found that where 20 per cont was pau lhe
step to advance TO rs and even TO 80 per cS, y,
Alfred jams, Of the Northwestern National, oseu
but his motion was defeated Mr, Hope then made
another extended argument against estaDLshihe
commission not subject to investigation, Wnon nc
would certainly be Inischevous He offered as su1st
tute for MIR. NOnans resolution, resolutions cns ar
provisions ascertain whether or not IT, tho
paying extra to agents, ana assertng t az The
rate Of commission should be Largely oy,ired
results the business obtained 1ney ans ~ All
notice be given when any company intenoue =" The
vance its commission rates for special rensV tbc mem
reso ons being differently Interpreted ny tho ~
bers OF the Board they hna referredto tne DUST
In the afternoon Mr. hoffman, from the busness, Vd
mtee reported series OF resolutions whicN aope
only part OF Nr inc Continental Company, in
the absence OF Mr. Hope, renewed the VoJ'. rote
s cOpsHy ~ W Henry Powles of the Merchants, OF
Newark said that unless New-Jersey "ero ,.ppnd
be com peed TO withdraw from the association: 4.
would be very happy TO cooperate win Ala n"' bseve
any Ney-Jorsey company would give up Inc prlVieBe
OF paying 20 per cent on iarln rsks e. H. a.
the American Of Newark, made similar declaration.
10 nese oDectons II was responded that the ADVISORY
Committee might exclude New-Jersey from tle opera
ton of toe proposed rule Finally the revised resOu
Mons of the Business Committee adopted by vote
OF 80 yeas to nays, as follows: ,.
VheTedS In tie Judgment OF this BODY, the insurance
busness Of this country taking the business III he az
gregae, ought not TO pay higher commission IMAM ID
per cent therefore 49,, 49,.
Resored Inat now reconsider the action taken last
year. by which of commission to local agents e1
adopt 10 per cent as the maximum rate or COM
mission to be paid to local az nts on ali cas ses
ss NAV be DESIGNATED by the Advisory Committee :;
that means should be provided whereby a CON
sny one of snch companies is directly indirectly CIV
to such agent by way or GIT kraiu'y vi o,iSI
that this resolution be furnished to the various district
organizations expressive OF the sense OF II9
tom t1at the date at which this resolution al 10 lto
effect be the lst OF January 1888, and that IL Oe re-
fcrred the Advisory committee 70 Iatt4 ~ oc
cepis the work before that date or Otherwise noV "o
cepted" -,,-,,,l. ,i, doc-
Mr. Hope then offered q resolution embodying MS dec-
laratiOn as considering the quaty OF business III
ing commissions. Upon MS dsclllming any Itehuon ~
have IL considered a binding IT 4uallOn, OF as any
thing more than a new decia alton OF deslraDe primer
ple adopt. the resolution was UNANIMOUSLY auoP1eu ~
follows: -, . A.
{" ResoiUed That the question Of the quality OF the
business transacted By any agent as determines " e
results should form important element ID delcrhl,
ing the commission be paid 10 such agent 70 Ine emu
that oyer-iusurauce may be more Carefully gnatueu
against ana tnat moral HaLdlu5 may 10 IHV4O N"4 ~'
considered ..,- .
The following officers were elected for the ensuing
year: President ID W. G. SkClton, OF Hartford; vice
presidents II f. Bowers and ii. IL. Hall, OF New YORK,
and W. X. LYMAN OF New-Orleaus; corresponding sec
Rotary j. Mont gonery Hare. Of New-YOrk; recording
secretary Charles H. Ford, of New York Advisory Com
ndttee-Samucl Appleton, of Boston; j. n DunHal Oi
tngeld; W. T. Barton. OF Providence; NJ Bennct IT,
of Hartiord; James NJ. Anderson, OF Baltimore; f. W.
McAlster and H. ID. SheTrerd OF Philadelphia; Salnuel l.
Baydcn, ID. A. Heald, T. NOtman, \. G. Mliler IhOmaS
3 Clard of Chicago, and Henry POwles, OF Newark
In reporting the ticket Mr. Hope nom tue Cohttec
on Nominations, mentioned That the only reason Why
mir. snOwden had not been renOmlnated presdenI
was because he ineligible under the cOhslI
tuition OF the association after two years service
A. LOuden SnowJen, Henry a Oakley and +.
hoffman then appointed committee
10 confer with committee OF the Insurance Supelln
tendens " several states, VINO 70 meet III tns
CITY early December The object 81 .nr later coih
tee consider form OF insurance policy that can DC
recommended general adoption. AFTER the customary
resolutions Of thanks to the retiring president the nee
ing adjourned without day