Fort Worth daily gazette. (Fort Worth, Tex.) 1882-1891, 1883-12-16

| ~@>@'~T>-&t
| II turns 10 green.
New York Is passing through tho samp OK.
periencc In tho matter OF brokoragc that ali
other citos have. and that II itself has 10.
ioro- Aschemc had been prepared by Il com.
inittec OF the tarift association to regulate the
rate OF commission paid 10 IRE Insurance
uruscrs, aud to prevent tho payment hy
brokers OF rebates TO the insured, but Il was
reject land the committee dschnnt, d.
Tro sehomegrcw out oft cnforcement of
onr oI the standard rules OF the tariff asso,
clAttnn which prohibits insurance companies
'hat arc members thereof nom paying more
Than luper cent commission TO brokers, and
Ioroids tho payment by tarilr COMPANIES OF
any sum whatever US rebate 90 the insured.
u appears that the companies which are
hot members OF the association hold out IN.
dnccments TO brokers In the shape os hiah
~mm'sSionsa vi rebates, aud in this w \
procure business that might otherwise so 10
the tariff companies.
70 effect this Il wasproposed by the spoclel
committee that all the t,rif companies on.
Ter into an agreement binding themselves u,
deal only with brokers who would IN all
eases limit their commission ON ta,,If rlsss
20 "pcr cent nndw o would not ALLOW ~.
na'cs 10 or divide commissions with the In.
S"red. A. there nrc over twenty companies
Operating out lido OF tho taiiti association.
| ana asa large proportion of tho insurance
business or New York Is transacted through
brokers, tue difficulty In the way OF putting
Tue proposition In practice was apparent 10
ali.
~ seems that many OF the regular, wcli.cs.
'aol'shcd brokers are willing TO accept 10 per
cent commission, hutat the Same time they
a" not see what right tho companies have To
rgu'nte ana control the subsequent aisposi-
,l.n OF tie money paid La commissions.
Wh'ic eondemning the system of paying
h'gh commissions for tho purpose Of enab-
ing brokers To divide with persons bringing
them business or . divide with the inaurcd
themselves, tho majority OF the members OF
the tariff association concluded that II was
'mp'"uicahlo to suppress the evil ut this
Tune. II II stated that the announcement
made by the president " noniarifr comm.
ny that the adoption OF tho scnpmc would
largely Increase tbs basinoss wa. the las,
straw IN Tho burton that broke the back u
the scheme
The Reporter couti,ins n note of tho case of
Horn vs.. Roston y Matte Railroad com.
r8hy. decided recently by the United s,ates
'ifcuit court for tho district of New iInmp
shifc' IN which II was held that a rnilwny
cotp"nhion, Incorporated IN tho soysrnl
states through which 1t runs, Ia bya fiction
oi the law, FOR all purposes OF Iurlsiiction II,
ciulscn OF each OF tho states, ana that Il can.
MOI remove u caNn to tho federal oonrts an
the ground of its eitiKcnshlp In Tho other
states. TEis decision was In substantial nj
hfmanco of an earlier opinion OF the case
supreme 'ourt ofNew Hampshire IN tho eninc
IMPORT road ~ the National lmlter
cheese aud fgg Association at Cincinnati
stated that the total value of butter, cheese.
oggs Hnd poultry market Il Ia the United
states In 1873 amounted to moro than 5000.
'op.om The value OF milk and cream sold,
not manufactured Into butter aud chrcso.
was over 81 OOD,UO The values of the 10.
cclpls VI New York cltv were; For butter,
sl2"otoi' chcaso sla ooD0M poultry, 81 500.
coz eggs, $40, 0OO,NJ Invitations for tho hold.
Ing ofth convention noNt year have been
received nom a. l. ,nls aud cleveland,
the san Francisco Commercial Herald
says tho rnsin ctop Tor thla year viii not OK
"cd 800 boxes, aud perhaps mt TO- 90
much less than had uoon expected. Tho
number o. Boxes packed durlng the vast fov
years IL MS followss
lN50.,a..,..,.. 10000. lS4l sonto
lS'1.,.,,",".,...., sj.0n 1881 ........... .ooa
is.S,.o.oe".o" .coo. iSS2,a..,..,.....,Io.o O,
1871 ',.-.,.i,,',..,.u, id,n o.
he shortage In imports this year ls piyon
ut o. 90 boxes of Malngasu d O,tO boxes ,f
VHi'hei's' Ihc eonhnmpti n of he United
states Ia said TO vary from l.6lO,Col 60 ., o..
90 boxes. II locks. therefore, as II raisIns
would be- higher
The following sensible article is from tho
last number Ut the Economist and nry Goods
Reporter;
An honorable fiValry In business Ia 10 no
commended but diHhonorhblc mo,hods "a
secure patronage should merit nromp, re
Duke. IT ~ nn ura. that 90 npoiItlon should
eAbi, but II does mol follow tlst n should bo
az a base character. 10 sell certain articles
below cost 10 bnit iha public, aud ihpn lacn
ca IA values on other merchandise 10 uinke
up lho am rcnco, Is nn untilr method to os.
iablish, IL Is species OF deception. mean
Ia principle and dlHrcputablo IA practice.
IL sinhckH of tho noel, auction plan. mud IA,
nhin 10 the sawduHt swindlo. II holds oui 10
TIA unwnry tho promise OF groat bargains
viii ~ not mlhlled II their purchases OF. |
lend beyond the fcwariiclca sold underyaluc |
"a an advertising dodge.
IL consumers would exercise a little com. |
mon sonsu they would know Unit n NOR. |
chant cannot thrive who proioEscs 90 sell his |
wares below heir cost II this IL his rule of |
business, II lasts buta BRIEF period; crash
follows and honest creditors nra Awlndled
ont 81 ibolr money, Its wellesiabllshei |
met that tho merchant who maifon nlr
nrn1t on every article he places on sale can
nilord 10 sell bis goods cheaper than the one
who Offers position Of his goods |
below cost, and then puts an addl. |
ilonnl pront On the remainder. Selling artl- |
lles nt ten per cont below thoir value and to |
'qpnliEo prohts, placing thirty percent oxtra |
IN Others, IL II rpeecs of business rivalry that |
b Injurious 60 ocular trade ia amy c0mBiuui.
~. IL isa merchgnts duty TO roalisa a roas,
Enable hdYaDce on every article he soils, az II
n only In this way that he can o1porf 10 sue.
'eed md pay bisoDligati1ns. This, oi course,
loes does not apply 10 styles that arc oul OF
oason. or 10 stocs on hand that may be moro
n less uBsalntle, the distribution of which
AN only bc made through coneesslons from
no regular prices.
The rivalry Ia tho retail trade IN moro net
sc ljian In the Wholesale. aud lie practice ,
{ selling below cost IL, therefore. moro gem
raj. There IL less excuse also f1r this course
, be pursued among Jobbom, ne they nre q
ancfally men trained TO business, having
,Dg aaperiencc 10 mercantile affairs. and :
re not ignorant Of the sound method Of
galing. An open, fair composition Is al.
ays healthy, as II IL certain 70 break ~ mo-
DpOlls, and has the further OBJECT OF placing
reasonable aud proper value on cominodl. q
os. Al honest, Legitimate management OF
isinssA iB the only sure way 10 permanent
recess, and money earned tlirougi, ntraight-
rwaid methods generally stay with ia pos q
ssors. !,