The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1889-09-08
THE RATES ARE 6


FtGurrs tn show that Ansc0nses Pays Ton
Much 1msurance.
None of the tcrrors incident tn flres have
afflicted Anaconda this year. The nendls
who torment the people of Butte have not
shown themselves within the limits of this
city and the recorh Of LOSSES Ivy fire L. not
an extended one. Within fifteen months
the city water service has been introduced,
while i'm - large numbcr of places i'm the
business portion of Anaconda, tire s,it,eti-
tuition Of electric light for coal Ras has
materially reduced h fire risk.
II would pay every owner Of real estate
In Anaconda to study the figures on page
"a Of the annual report Of the Auditor and
Treasurer of Montana, for the fiscal year
Of 1SsS. hat page presents i'm convenient
summary the Montana business of the fire
insurance companies for the twelve
months i'm question. The report shows
that fourty-fotIr companies are doing b,,si-
ness i'm the territory. OF these companies,
AN organization having It's home office in
Of sssa 5000. while a incai i"
northern New York Ia lowest Oh tho list
with so.
1t will interest every owner of real prop
crty i'm Anaconda tai read a summary Of
the years insurance business i'm the terri
tory. The figures show TINT the total
amount written was 1,641. OS9.91. The
premiums ON the same were $2}9. 6S3. ~.
The losses paid by all the companies doing
business in the territory were sl19, 500.:g
The ratio at losses tn premium was :3.S7.
These figures show that rates arc too
high in Montana. The Il tn surpass the
possibilities even OF the copper produce
ton at syndicate prices. Our people pay
too much. They pay far i'm excess Of rates
exacted i'm other sections Of the country
where the risk il as great or greater than
IL is i'm the average city or town Ina Nom
tana; and this declaration IL emphatically
true of Anaconda.
Their. IL not "a town. east or west. where
the protection against fire is more ample
than i'm this city. Money has been spent
literally i'm providing Anaconda with the
appliances with which to fight fire. BY
private ENTERPRISE, the city has mt com-
nanda water service which Is always in
order and which can furnish water i'm
abundance i'm case of the severest confa-
grafton. This service has cost it's builders
u very large sum of money and, in turn,
the corporation pays literally for the fire
hydrants distributed within the city limits.
Yet the insurance rates exacted here are
as high as they were before any water ser
vice was provided.
The wonder IL that property owners in
thisc city submit tO the rates that are de-
manded II the water service is of no ac-
count as a factor i'm reducing insurance
charges, II ought to he cut of as an unnec-
essary expense. II il IL OF any account,
the t~ax-payinR public ought tn get the ben.
eft by n reduction i'm insurance rates, and
this certainly can he brought about II men
who carry insurance will simply make
their demand and insist OH II. BY making
common sense i'm this business. Anaconda
could get "a reduction of 10 per cent. i'm the
cost of insurance. OF course, the compa-
mics will exact from the town all they can
get. hut il is also certain that, rather than
give zap their business here, they will he
glad to accept what the city ought In JUS
tice and fairness tn pay.