New-York tribune., 1886-03-24
LOCAL MISCELLANY.
WHAT INTERESTS INSURANCE MEN.
~oSuorrr n. WILSON'S sUCcEssoR-THE FOREIGN

MONMOUTH n. WILSON'S sUCCEssoR-THE FOREIGN
COMPANIES 1Ax-To STOP CHEATING.
Al the meeting Of the Board of Underwriters TO-
morrow afternoon a successor TO Monmouth b. " IL
son IA superintendent of the fire patrol VIII be
chosen. Wilson was brought into such UNPLEASANT
prominence in connection with the alleged bribery
Of General Shaler that he resigned from his place
under the Board of Underwriters. 1be hIe patrol
committee of the Board has agreed upon the noml-
nation of Captain Hull now IN charge OF the down
town branch OF the patrol Captain h4l eieG.on O,
will be in the nature of promotion: lie has Deen
in the service for twenty years and has risen grae-
pally TO his present place His salary as captain
has Seen Wsonp preeered 500 and
is understood that Captain HulGS salary Will be
advanced as his fitness for the place becomes DEM
opstrated He is over fifty-eight years old.
The foreign fire insurance companies-all COM
panies which have charters from any other than
HE Insurance Department of this State doing
business i'm this city have been paying an aLnual
tax OF per cent, on all Insurance taken i0r the
last thirty years. The money thus collected
has always gone TO the Association OF Exempt
Volunteer Firemen. BY agreement between tue
companies paving the tax, the representatives. OF
the Exempt Volunteer Firemen aud the Commits
sioners of the Fire Department, bill mas Oeen
drawn and will promptly be introduced at Albany
directing that hereafter the proceeds OF tins tax
shall he divided among the Volunteer Association,
the original beneficiary. the pension fund OF the
present Fire Department and the relief fund OF the
Fire Patrol. The proceeds of this tax amounts TO
about $50, 900.
The Tariff Association of fire insurance men is
exercised of cheating in the cutting OF Tue
established rates which have been calleG 10 ,tS az
tention The matter was pnt into the hands OF a
committee, which has thoroughly investigated IT,
I he committee will report and propose remedleS
to the association to-day. 1t has found that there
exists q formidable amount of the cheating Whlch
consists i'm allowing little moro than the siiPu-
lated D per cent brokerage on rated risks; lHls
has been done mainly in branch Offices although
fhe managers of them receive good salaries. Inc
COMMITTEES proposed TO abolish the salary system
and pay branch office managers percentage Oh
their work. Ii. ..,
Insurance men of all kinds are laughing heartily
at A bill introduced into the Senate by Nj. COgges
ball recently. Its effect aside from other amusing
provisions, would be Il legIsate the present Board
of Underwriters out of existence. The b,il pro.
vides that persons interested in the creation OF
boards of underwriters throughout the State shall
nominate several of the largest fire insu ance policy
holders TO the County Judge of their county VINO
shall appoint three of them, together with three
representatives of the insurance companies, ana
these shall act board foI their town or county
that no other fixed rates shall obtain except those
settled upon by this board, and that hereafter no
board of underwriters shall exist except IN accord
ancc with these provisions. The bill seems to over
look tie fact that such place exists as New-lork
city. Insurance men regard the bill with simpIe