New-York tribune., 1886-07-09
now INSURERS ANE CHEATED.
BOGUS COMPANIES AND RAsCALLY AGENTS.
FRAUDS PRAcrIsED oN CERDULOUs SEEKERS FOR
u

FRAUDS PRACTISED ON CETDULOCs SEEKERS FOR
CHEAP RATES.
One of the most serious I'M uries to fire IN
snranee ntereets throughout East aud especially in
this city, which sprnn: with renewed energy since
Superintendent AlcC Ill left the State Department of In
surance affecting dsasously both property owners and
the Insurance companies. is the wildcat or dishonest
systems " taking risks Tn irregular business Is being
done in New York and brooklyn chiefly, brt all over tile
country as well to-day to the onnt OF many thousands
of dollars 1t is of the easiest schemes OF
crooke Iness by which crehulous people are imposed
upon and It's Startling growth in these cities recently is
source OF much alarm among Insurance men, snperin-
tend.nt Mccall was terror to dishonest brokers Eho
attempted act the asents OF these companies ana
many swndlers suffered the penalty Of their risoality
through MI McCars vigilance AID resoute determine
tion to hunt them doSn. He hardly gave inem time to
GET out their crc asking for business before ho had
them arrested But superintendent Maxwell Is not
even trying to suppress them. IIc Offers to proceed
az ns hc If aIy viii prepare the cases and collect
the evidence saying tns le has 30 money to hire de-
tcctyss 10 ferret out But there Is even greater
need for vigilance now than when Mr. Nee Ill was in
Office bee se the passage o. the Insurance law Of 1889
witens increases the opportunities o the wildcat
crew. Tie insuring public and all tue honorable COM
pancs and brokers ondy demanding protection from
the harpies
Only fire COM anics registered at Albany are
entitled this stat, These known rs
authorized compan j. All others prohibited. But
ndcr law OF $50 no! cr' OF large rsGs VIII" have
made shlayt they cannot place sufficient amount
of Insurance. in the authorize companies, having
ha1siei the nsnru. capital OF the state so far ~ they
are willing tIu,t il far II IS willing to take
Their risks are pcruttel to seek Ousi le capital and to
take premiums In unauthorized companies Since the
law was adopted nearly 900 adavits have been fled
in the department ..csng this inability to obtain all the
insurance needed and 40 OF the alidavits are
niaie by merchant. IN New.Y York an' Brooklyn. Tie
vi lest publicity has been gwen to this dcman for more
insuring capital and consequently the Wildcat companies
wish catch Eastern risks more unerous and
energetic than ever Among wcll-informei there
doubt that IN addition to tho legitimate re nest fO-
greater opportunities t. place insurance. large business
is sent If the state which is not properly surplus
business ana winch ought to bs placed IN New York
companies, and could lie il adequate rates were paid.
rhe ilrsmnae nsIror looks abroad for cheaper rates
aud the llelidmat- companies look here for business
The resu is that Int OF crooked work Is -olng
on. UnscFu ,uloIs brokers IN Jersey CITY. Elizabeth
ilha lelphia ndi,narois aud other places have
recently fooled New-Yoik with circuars soliciting
business for these crooked companies.
ihe cisgraccul faarc "a i,w days ago of the Anglo
Amrric,n Fire Insurance Company. OF Wa-hins IN,
w.osc manager Oh to Australia TO avo! impending
disaster. Ia, turned att on all similar concerns
The Anglo neIcan rofrssct to have its home Offices
lonoD bat though ITS naIl WAS tiken from The pos
o:;ico there 40 one has ever been ahe 10 ind its re Il
hundred policie, in New-Yo X when not worth a
cupr,r IL IA. dc iounrci III nsur3ncs papers
for several months AMI all tho ,herc.n'ilc agencies
drclarci AGAINST IT, And it boldly did business. II
p.ni,hed long i.rs Of policies paid but they were
Usually PERSONS liz Csuhda or the distant West or
south. 4ni n,n" leoi vino coul be readily rcchci
ettcrs addressed 10 perous 10 whom It profcssci to
have pa. os.eS aclc ~c.cy heard from II must
h .ve taken in deal - money bnt when threat
with OF it- safe and oi FOR .he pymrn, cf
,rG Wien hp~t OF unpaid lossr, va "enacns IT,
t"s m""-er ran away ana t1c i"iure WAS
imnpnAcrI.
I'm, Is onl ~! OF many cnnpanies operating in an
. udy .crul unus ia 'hs maiket. fhe iJFc..n
r iunniclt Complains are the most dangerous. b"th !
ne - iru'a ~ fb IlyI ,I."y 'ng,h
,[i nm cr tie laws q. tnel,ni wnirn hermit, nl
registering numirr of rirrs 80 ihr Iovernm'n nj Office
nave ni con- Ter hir srcc~ss. ,hpu- ans of tnrlr /
worthless pnllric. have been .owrrcI npol ,uer-
can pAuc. winch Insurance mru dcscii.r much too |
prone ccrpt anything c.rnI the Engii-h brand /
witu0d investigation. H. b, case oi ho-u- 'i"nci", or
company the AMI oi tie Ancrren Cons Il ard th d.
trriyr police io'cc va nvoheI he'oie even local
nanIt ir"' o. n,nr could he discover" rotienr's'
va, tally eAo."i and yet an agent cont'nei hDui} 10
su ,ppei hm M III cruinN r'oor"lus II - h IicVrd
at ne tooE III several tn"us i'll dollars before ne was
As ID illustration o. the hoi mess with wlirh the
a-raliy ~ Dngi- an.s TO tn".r work.
y, -
nnta nns mO"rj under ftiSn prcic "r VAS eeoird IA
Jersey CITY pr Ing ioceH nt his own cXi elise puruor
1hIch had a. eAi-i"nce, IN w"ose lohc "re
refused. Nevertheless, Anthony was = reP.r'ns
aud all, calculating nsm IN. psf experience unon
IN" vrrisncy the pu,lic and The rascaty "rok
wa- run nn oi Br,orl by M NrCall fhelc Il .Dri
~ mason yexis rcHern cll'ms 81 the Anthony knit
tnrn a.. ont tn. whole t'nte1 ~aics every ii a lu-s
comp ny ~Irins. up -uywh"tc IN tine world. as il by
mage these fclioes near "i 1t I'D ir n,'ty foot the
ff cir tfI
asAlng for busnc-, iney play INFO rarh others
constantly and move a'ont fro o,t to pillar An agent
IN WASHINGTON. wfiir q W i,uustrn aseDl v take uis
ri &c III Drtrot IN tni- WY tAe, ey.4e autlorit.cs
c,c,pc tncir chts. and cntrr new hel Of bn're-s.
Tie foreign alhs ar. -uvi'in' nt'd by host OF
e !uslly rotten companies IN America. rennsvlyaDia
wa the ucaiq artet- fOI long whie Colorado has
furnished several sicn cprcsrn- Denver npauy
was "rsanL~d hy Indianapolis p"oi e Il spread it'ai
,ry. II p d large number "i small losses Receiving
con limrni"fy cciunc.ir fT 2iompt"cs-. Having
,ot all II cvu get ont Of the public suspended. fwO
h-r Denver an"- w're 'randed a- Irresponsible.
one ~ The managers oi t"se Coiora companies, afer
ey failed. started similar scheme 10 rm'nt II bad
-ickly existence and died rne Pacific Coast i, now
looming ~ as NOM aOH lhf9or Ci tiese ii'lAs.
Washington irul"l has produced the largest bruol III
'euty -tirt ~ I'cnm,, l. that terr'lorywhose rocies
irr rapidly beng ioised on Eastern III rkei. rh"r5
is a bad e.g N Drs Mones, Iowa. anotIrr ia New
)ricAus. anoer IN Fargo Dakota all recently tcnrd.
hr.e are 'Tn"eFns W. "nL pay % s'n I'll lose; Tor few
development Is '"c on 'ne mutual HNstei Many sich
organizations nave pcrn formed III the West travelling
,n the mutual plan A. spec Oi this form Of
sery nSAs Ciiy company Issue lohcy IN which
veiy small Inc rrai- Ihis pOhry is cOuhrrs
CIV Ounty O Nyandoic, state o. kansa- As
most thinking people know. knnsas city is IN Missouri
! little Town called AyaniOtte night OvpO-ite
Nansas 'Ity and here ls tue hc'iqu 1ters Of this
Iauy. II represents that II 80. on dcpu,t
with the II lranre Department O. the state, hIf tho
,ccis Of the derartnont say II La, not copper
These ONLY lew 0i the irauluicnt cOmImnes
operating in New York There is others aud 1t
safe assert that IN Thousands ~ dollars are spent
~ New York merchants arclimg for cheap rate, IA
companies whose policies are wo.h absolutely nothing.
VESSELS 7IID Up ~ PHILADELPHIA
PHILADELPHIA, July (Spcciai There
Vas large and spirited meeting OF tns Captains and
vessel owners Association to-day. called TO take action