, 1892-07-13
DOWN TO BUSINESS.
The Board Of Trade Holds a
Wide-Awake Meeting.

matters OF Importance and Inter-
est Discussed and Acted Upon.
The Reduction OF Insurance
Rates Must Come Down.
When President Lord opened the meet
ing of the board of tIade last evening he
addressed the members in reference to the
work OF the new organization and the man
ner of accomplishing it successfully. He
endeaVored to impress upon each person
present that no one or two men can make
the board of trade a success, but that if
each member would cooperate and work
harmoniously for the accomplishment of
matters necessary to the welfare of the citi-
zens, the ultimate results will be at least
gratifying. He stated that the first and bv
FAR the most important subject for the
board TO act upon was the securing of a re-
ductlon In the rates of insurance.
Mr.. Frost and other members of the
board had heretofore given the matter
some attention. Mr.. Frost said that he had
been In communication with Mr.. Hall. of
Portland, who would be here shortly to in
Yestlgate the grievances
Mr.. Porter stated that the rnatter was
now before the insurance cOmpact at Port
land. he stated further that all the com
panles which he represents had been in
formed OF the dissatisfaction, the griev-
ance under consideration being an unjust
discrimination In rates as compared
with those of other cities on Puget S6nnd
I'm my correspondence he said:
Il stated to Mr.. Duval, the manager of
IRe compact OF San Francisco, that several
OF my patrons had refused To renew their
PoIlcleS under the present rates. Mr. Du-
val SAID that he had taken the matter in
hand and 1T is now receiving the attention
Of the company. He writes me that he will
De IN the Sound country very soon in rela-
tiOn to this matter
N; II. Owings referred to the good al
ready accomplished by action on the in
surahce rates at recent citizens meeting
and then introduced resolution that IN is
the sense of this board of trade that we are
Delng Disseminated against in our insur-
ance rates as compared with those of other
cities, and that we will not renew our in
surance until justice is done us.
Mr.; Barnes spoke of the many ways in
which Olympia 9XCelled other cities in its
protection against fires, and in view of this
TACT, and the high rates imposed bv the
insurance companiet, he preferred to carry
his own risks.
Mr' Van Epps was of the same opinion,
ana as sample cited the Union block,
which the companies rated at 8 Der cent
By persistent effort he had the rate reduced
70 "a cents, but preferred to carry the risk
himself
Mr.. Ford urged the board to take adyan-
Iage OF this opportunity to be of same use
70 ltse1 and the citizens. He favored a
united action which would give the insur-
ance companies to understand that we are
on Che war path, as it were, and that unless
JneY come down to reasonable rates the
cltlzens would form a mutual company in
Wnlch 10 carry their risks. He thought
tnaJ the greatest obstacle in the Way was
the fact that the CITY council seemed tn he
lndlHerent about enforcing the fire limit
law, and referred to the numerous shacks
ana timber boxes which were a menace to
surrounding property.
a committee consisting of C. J. Lord
Jonh +. GoWey and George A Barnes, was
then appointed to secure and preDare data
and all necessary information for presenta-
Ilon TO the compact managers when they
arrive.
The proposition to locate a shoe mann
factory here, which was presented through
Jesse h. Murphy, received lengthy dis
cussioh' Inc general opinion was that the
requirements Of the company could not be
complied with. The company wanted
?5O,OO0, one thousand of which was to be
IN real estate and forty thousand dollars in
eash. Ihe matter was referred to Messrs
Mottman, Frost, Stevens, Mann and Hart
Just previous to adjournment Mr. Convey
expressed his views in relation to a re-
trenchment of the city,s expenses bv cut
ting on some of the electric lights. and a
resolution declaring it to be the sense of
Ihls board that in view of the fact that two
conventions are to meet in this citv durinp
Ihe coming month, the number of electric
hghts be not reduced until after the con-
Ventlons have adjourned. The resolution
was adopted, as was also another intro
duced by Mr.. Van Epps, declaring it to be
the sense OF the Olympia board of trade
Ghat reduction Of the number of electric
llghUs is not the proper direction in which
to commence economy.
A discussion as to the reduction of ex-
penses in other channels especially IN the
salaries of city officials, then followed.
MI. Frost thought that the city clerk, at
least earned his salary well, and Mr.. Lord
thought that man could be secured to
NIL the position of street commissioner at a
salary of $50 per mont.
u. Noschka spoke of the unjust ASSESS
ments for street grading. He said he paid
$!OOO for graveling Fifth street in front of
ms property and was positive that no
such amount was ever expended for labor
and material. He expressed a desire to
know what disposition had been made
of the money.
Mr.. Porter was of the opinion that the
board was going little beyond its office in
attempting to dictate to the citv council re-
. S-F-etAASoi anu IA4C AldbbcI WAS BQeu
dropped.
A communication was received from the
chamber of commerce of Tacoma. urging
the board to take some action in securing
from the county commissioners an appro-
priation for an exhibit. Mr. Gowev, in
connection with the secretary, will pre-
sent the matter to the county commission
ers and the city council. The money, if
appropriated, will be expended under the
direction of committee consisting of one
member of the county commissioners one
from the board Of trade and one from the
city council.
A proposition from Alvin Lent, relative
to establish woven wire mattress factory
IN Olympia, was referred to a Messrs. Chill
berg, Byrne and Witham Mr.. Lent asks
bonus of $1,000 and factory site.
The following names were presented and
were unanimously elected to membership: :
M. O'Oonnor, Sawyer & FIlley, Springer
q White, Q. ]. Williamson and A. H.
Adams.
Real Estate Transfers.
Following are the real estate transfers as
reported by the Capital City Abstract &