New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-01-26
REPORT OF STEPHEN II. TYING
GENERAL DIRECTOR OF TIE
COMPANY FOR CONTINENTAL
EVROPE.

v,,n President Harper announced that DIrectorGen
, S,enhen H. Typg whose headquarters are In Paris.
would read the report Of that department. lne'c WI"
stir among the audience. followed by sppause Us Ut.
Tying advanced TO the platform. lie look"d weh u''u
m. TWENTY-FIVE MINUTES occupied In the readina
:. 49, rno.t his words were carefully listened TO. and
n, resumed his scat amid much enthusiasm His remarks
consisted largely OF historical review OF insurance.
both fire and life France, and were characterized by
numerous interesting touches bringing MS sSc'ch "'""
to th.,c later days Dr. Tyng sad;
The assimilation OF HE insurance with those IRE
was problem presented TO thr French pno'
lie " the Introduction OF the idea OF the MUTUAL reserve
Fund FIfe Association s,unc six years ago. IL was
found that In the Mutcls Immobilore organized IN lelo
and ,h Mutu.llo MoilIere or.an,nd IN 1919 the CHIEF
foo lures Of system recognized ana applied Ihey
as purely mutual In the sense that they ore contfehed
by their members without share or guarantee capital
They insure a. price without the ioodn2 rates
otherwise creation Of a. emergency una They
levied a pro rata premium determined by their scInai
Losses until they had accumulated IN thrir emergency
fund a sufficient TO warrant the determination OF u
maximum annual tariff To avail ourselves OF their eN'
e,ence and to cxnd their methods TO pur' life insur.
a,c. was the natural line action marked out for us
by the history Of when We hfst introduced
the Mutual Reserve Fund Life Association Into France
This done on the lines OF argument traced DIV
the and the Board Of Directors Of the Association
g., the oous documents that are familiar In America.
bu. a. the same time have adjusted these arguments
to the peculiar methods OF thought OF the country to which
w. wor commissioned and the history 81 It's preludicrs
As we have already traced them.
The discussion the press Of their projects the OBJ
cctos raised by old line companies TO their prinei
pies and the jealousy OF financial circles In reference "
their guarantees have combined 10 pace III stronger f
and 10 establish on nrmer pedestal the clear cut une'
auiyoca and most satisfactory system OF 'he uus' re-
serve Fund LII. Association
Out OF all the discussions OF years. maintained WIN
tho bitterest acrmony at times. aided by the strongest
self interest sustained by the pseudo scien
"a -faef In
twisting companle has been evolved conviction IN the
,ubc mind that right. that principles are true
and that the future Of oil life Insurance. unconhee"o
with banking assured to associations analogous " ours
Du,ins the visit of our distinguished President IN inc
ou,h 81 August last with that ccarness OF vision anu
Ge0,on rnlch have enabled him to fsresee ana
proyde for possible q the Association IN o,ersh'
land. ne propounded doctrine when was most u"eH'
instructive and determnavc Of The problem thsn eN''n
ond demanding solution. When he stated 70 an hhue"'
a,hsrnu composed OF French economists and insurance
men in Paris that the Mutual Reserve Fund Life Ass"a'
ton WAS AZ national and an international
wherever II operated. he struck 'hou "nch na' o'
vibrating in many minds and cchoSd in many circles since
49,, aorur Inasmuch as this Association Is authorized
o. France by Presidential decree in accordance WIN
Law dating from 1857, Is under the supervision Vi inc
minister OF Commerce and subject 10 his eonuo' anu
r,. the jurisprudence and the judcatufe CT the he'
,,,, Of France under the conditions OF Its contracts IL
s rho right 70 claim Gar as government aushornatcn
- ,o,cernrd 10 national institution moreover IL
ony national Institution Is eith"r ooligateu or
NV, o. so-,t nav, death losses In France IL
,,,,ns he deposit OF the Emergency Fund pertaining
leach nocies IN government institutions In France
" its Expense Fund IN France and IL invokes the
q, Trench citizens comprising General council
'ner, insured for the largest sums In all these
.,nro. IL has French autonomy. and Is NOT so mum
, a. ,hc French Companies which operate la Belgium.
- aud Italy where of these conditions are un-
pa,s mt bc.d, and beyond this national aspect IL
rho 10 local members OF oil international rat
,,.li,y from operations In Oil the hraithy portions
', rho United States and other foreign countries
mi. doctrine has been so thoroughly appfo'ei pS
ON our side the ocean that the Association ms
,., noston shared by other American or foreign
corauy or association, and presents claim !" .he re"'
ncose which nullines the necessity OF o's'"""o'' ~
a ike nature In that country.
e results of the years operations arr Included In the
o,. ~ the general officers OF the Associ1tioh IL II
~, .eas,rv 70 add that mortuary assessments have
,.ed in an astounding manner during the past year,
n,t or number OF applications has been one'thrd more
h.o during the previous year and that the insurance
80 IN forcc Is nearly the double OF what 10 was az
a.. time n, nv last personal report The death losses
havs been more numerous but the entire amount paid
n IN, vear has been only lsi 900 francs whereas our
or,u,,v calls for the period have been 43o'2041
/ francs. -. A.. :. ,u..,..
m, NJ insurance France ana the reat'oas OF the
economical de, introduced by the Mutual Reserve Fund
I,, .soc,aon to this history, have left myself but
,v oents in which 70 speak Of the other countries