New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1890-01-23


petng Offices and a deplorablc lack Of accuracy has
Characterized many Of the publications issued In inc
interest of these competing Offices
There is very little doubt in nv mind that the
majority Of the insurance papers arc In the orcC'
employ Of some particular Office. The indication Is
shown in the way they attack competitors yet re
frain from even criticism Of particular company
IN whose interest IT is supposed they exist while they
ready TO defend il and 10 attack It's CON-
pctOrs.
Some newspapers. presumably in order to OBTAIN
insurance companies advertisements nave stHlcu
financial columns or replies t. corr spohueht''
In this column questions from inqulIcrs a. TO tAe
stability of any company replied u. IL mas
come within my knovlcds that III some ca7es '"o
persons responsible for these replies are lh'cre'ou
in particular Office, and have III MY Po''c,o'
letter, sent 70 inouirer, direct instead Of replying
through their columns. In these letters 'heS nav
gone ont of their way to even recommend AN once
not inquired about. This. TO my mlhd' Is oo'l
elusive evidence that the particular company 80
named has exceptional priority for some rc'Soh "
other in the mind opinions of The persons IL
sponsibe for these financial columns IhN' W"
Will see, is injurious system to bo'h coiP'n'V
and insurers outside of the Office particularly iNolcu.
The latest arrival in this country has endeaVorcd
TO overcome opposition by attempting 10 Slleloc Il
section Of the press. A. to whether the icSu'' VIZ
Justify the expenditure remains to he seem an III
possession Of information which shows ho" extensively
this has been carried out. The cron"m'h System
of hi, association. by contrast. IA, LAID more "Pc"
to attacks. it being a greater opponent "hIc " -
c,, able 10 defend Itself from the same cause - "
does not pos ,e,s the same means IN loading Tor eN-
rcnses a. the old system companies nave 10 eh"olc
Them TO do it.
The connections or fabrcatons got up III the IN
cre>t of opponents to prejudice insurers against 'S
association have been very numerous ahu' "leh cN
posed have never found the retIacon IN the columns
| Of fhn IN
to remark that th, in my opinion shows very clearly
that our opponents are at their Wit chu u hIl'"
how 10 compete with economical system OF ''rN
would not require to adopt such dastaiuF m''''' III
order 10 defeat The connection "i Tue 7uIp''ou
reason for the refusal of the German concession WINE
retraccd by The INDEPENDENT although ENLARGED
upon by Boz The Review an Insurance paper IN III,
country I'm that paper mention hd, been maze "i
the rctracton.
Next came the sweden concocton. and the PoStoch
nrikcs Riduincar7 ha, published very crushing anu
lumlatins article upon The Review but I'll" i"'
Review" keep, silent as % the reply ""'o"t" "
printed and reiterated the statement that this a'>oc'
ton was Ia be turned out Of sweden Other insurance
PAPER, arc equally culpahlc. The Insurance Guar
dian which AZ one time orc Of The bi"rcst op
poncut, Of tins association, calls on opp ON
the very strong term II "d.-dplc> "i A"'iiN'' anu
ash, If Insurance papers have lost "I''s'"c' "'"
sense Of fair play.
mcnccd in l--- WI, brought To- an issue DO October
last when a verdict Wa. obta ned ln favor 90 tr
association with IL, costs. 1h.- -u1IM l"v" e"Iu
t,ry effect ~ ~icncus the -auder,u, tongues Of "nr
opponents, a, the costs to tie defendant VIII oc nearly
EGOO.
still orr low business amounts t9 &'''.l'O
80 -.5750l a very magnificent showing for 80 young
a branch and upon the conditions before alluded t..
The hest permanent result Of uur volA - shown Ih
| fine -t..,dv increase boo the mpituaN call receipts
which j, the best evidence OF rc >tanchnc'' OF oar
member, and their continued belief n the ASSOCIATION
principles.
ms. the British branch OF tho association. Wa
never In a better position or iu such great favor ~
II j, AT the present time Mc--r-. Price Matrthou-e
a. Coz chartered accountant, OF TIA, city, whose
reputation for ability and integrity is second 70 none
In I'm, country. have furnished = masih'cnt report
elaborate iu it, detail and most convincing D" Ii'
form. while apart from Tire satisfactory character
Of the report. Tie fact that the association doors
and methods are thrown open ~ a moments n'i'.c
f., The -,rutunus examination of firm II experts.
.uch A. Mc--r, Price, Watcrhou,c " Co.,. De- n Ii-ei
evidence that tie association j. honestly '"hu"' '7l
and Ia, nothing - conceal.
There Wa. formed tai, year genera! coun'h OF
MEMBER composed IF c-ponsibc person "i position"
and bu.iuc-, ability. Iu var!ou, parts OF Great
britain These gentlemen assembled 90 General
Council on the ath Of December last and, after some
elaborate .pccche, and general discussion the follow
Ing important and satisfactory resolution was uuan
imou-y passed
That this council II member II the Mutual Reserve
Fund Life Association. believing Tat its economical
| system Of Insurance D., founded correct basis,
and al-o That Tire administration Of the -amc is sound.
hereby desire to cAprc,s their complete confidence in
the A--ociauon.'
TIL, meeting caused quite a sensation, 10 Wa eN-
tc-I,cI, and fully reported u all TIE LEADING financial
papcr- of London some Of the leading financial paper
/ .fI 10 tIr. I.l #
| the -amc.
The prospect, for l-Do are indeed ycy promising
and yon mas rely ou this branch Increasing i'e Don.
p,rtaucc and Increasing IL, hcuchocnt worh n furnish
ing I,c insurance on strictly economical! lines. upon
-afc and -ovud principles. il b, hard work T. oppose
/ this and ~ very great >u'cc-, lr ID" thorn 300 the
.dc, Of our opponents. and douhu'-- the cause OF
their determined AID interruptions opposition.
am, gentlemen YOUR very truly
". II. HAYWARD.
General Manager for Great Britain and Ireland.
General Isaac II. Shields, Of Philadelphia, cy
pressed himself q, 80 delighted with the MANLY words
| Of Mr.. Hayward That hc moved that The thanks Of
| the association hc extended 10 him CAc'r-J Ihom1.
= Baldwin. Of Baltimore. seconded ihc motion which
| wa. carried rs acclaim. Mr. Hayward briefly aud
neatly returned thank, for the honor done him
TX Governor T. ce Of Massachusetts. introduced
! =. an ccnt years member of the association. lie
said
THE officers Of TIM, association have made a plc
o,oo,al .ucc..- Of Thu ASSOCIATION. IT. fame ha.
/ NV become world vide Nppiau,cJ When nr-t
| Lcc.mc connected with IT it was In it, infancy.
voy- il j, A great sjalwar company. good o. any
| m ,,c land lApplau-cJ We feel that inter
c.,. are safe with the officer, II TINS institution.
am 40 old that ! shall not be- here many tmco more
with Won Al thee annual reunions. hut when am
called away IT VIII be satisfaction that what have
invested here viii be -afe for those for whom have
| -, iff. a