New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1890-12-10
AMERICIN [NSERANCE ABROAD.

Some people have been surprised TO read AT the
end of the catic dispatch reporting the restrictive
measures proposed in France against foreign
insurance companies that the measure is not
considered priudcial by largely interested Amcri-
can companies.
Still. nothing is easier 10 be understood and
among the French papers those most bitterly
opposed 10 American companies having branches
in France have seen the question in the same
light rs that reported by the cable. Nay they
think and declare as will De seen below, that IT.
is 10 them. ard not 10 their American competitors,
that the st. Gcrmain bill Will be fatal True, the
measure proposed 10 the French Chambers by the
Deputy of Orau. in Algeria, looks at first SIGHT
very deadly TO any foreign competition. IT. pro-
vidcs that foreign Nfc insurance companies must
be authorized by the Government before cStab-
fishing Themselves in France and also must
invest IN rcutcS onc-half the amount of premiums
collected in France This sounds like one Of
the many rcprisals suggested by the Mckinley
blI. ard II must be- admitted that the hill is
directed al American rather than ~ any other
FOREIGN life insurance companies established IN
France The fact is that the French companies
never thought Of warriug against the Gresham
aud other British insurance concerns. which have
operated with Indifferent success for 80 many
wears i'm France But. when IN" Equitable, the
Mutual and the Ncw-York had been admitted IN
that country. their enormous successes alarmed
the native companies. and bitter War WAS
wugcl AGAINST them. THIS has now reached It's
culmiuatIn, point IN thc s.. German bin. Bat the
measure is too a" The only serious article IA III"
bill proposed hy Deputy ST Gcrmaln Is Tint refer
,iue to the necessary authorization 10 De obtained
from tie French Government. But, unless the in
tended restrictive lc->l tiou should bc clothed with
retroactive effects which would be- against the
universal rules of legislation. tie American life
Insurance companies already established IN France
sill not suffer from the other clauses Of the bill
ON tie contrary. they viii Ne considerably h"ne-
n'rd hy them. ~ b, shown AMI 50 bitterly re
.,r,,,cd i'm articles published in Paris papers. and
notably IN L. Tltrc.~ the former s'ml-ofllcial
rai.r Of the Empire ard still am Influential
political sh,-.t IS well Nh" organ ~ the newly
created insurance company. la Fonclcre and a
relentless Zoe of American companies since tie
first days Of TIE Equitable and tie Ncw-lorNS
INVASION Of France Here IS what Ia Patrlc'
says:
r.r the public lie deposit q orc han Of the amount
"! pi'h'."' "' " 0'.. ''' ~ b.. 80
.iul fY t'- interest = thr French computes Do:
r. r.a. rII l. i..,. Oh" ,YrI-y companc. "ll.
I'm ,t.r an r,l duality. ttrv viii Pc. enabled
I'D inn ..t.lrl o. -lr competition Win a'i freed POD. D.
respective q rate or potr conditions. ''d tr' VIII
rh.a 'nc latter hivc ih'.r hands r't. This g. TO-
AL the dcp,.t ~ o'r BALI II the om"unt o.:
r..liuu. b. t'. Cai-ee d", dcro'- c c'n-irat"'..
I'D fl,lr tran formation r'p french rrri'-. viii give
r.il prr.'l.' 20 -" FOREIGN Companies .. II
riI nn,aa 90 perfectly vrl. established ruvil"r"
4rl fly COZ -intr -nprli,riiv - tl" i i-
qi.f $500 On" OBJ" cIr-.lur.'.- The hu.inr-, VIII D."
attracted ht t.r maximum - guarantee. and 80 VII.
abandon o." French companies.
TIL, ,'.r, extract sufficiently shows that no
body .ho4'I have been surprised AT the announce
,.,... ID, ga. crIlr a. ~ulfcl rel .'l,p 10 tie s.