The Providence news. (Providence [R.I.]) 1891-1906, 1894-05-23
INSURANCE


The Weekly Underwater OF New York,
An speaking of the many uniounaeu ru-
1nors which New York insurance men
have been indulging In IN regard 10 re-
Insurance deals and appointments, giFes
the following opinion OF the average Ne"
York Insurance man:
".rhe New Workers are likefthe Athen-
1ans described in paronthesis I'm Chapter
"a OF the Acts of the Apostles, who spent
their time In nothing else but either 10
tell or to hear some new thing.
A National Life Insurance Trophy.
The silver slowing cup" which Major
Calef presents TO the National A soclatlon
Of Life Underwriters with conditions an
nexed. bears as an inscription the name
OF the National Association and the fol-
lowing words: annual Essay cup,
presented by byyso, Benjamin i bs.uti5S, :. GSI
piece of art work. The terms attached
are: That the executive committee OF
the National Association shall call for
paper or essay, not 10 exceed 700 words,
Gn the subject, "What Have Life Under
writers Associations Accomplished
fer the Benefit of the Com
ps mics, the Agents and the
PLsblic?" Zach association is 10 send one
pal )er by writer selected by itself from
Its own members, his name is to be placed
IN sealed envelope bearing number
corresponding to the number OF
These are to be sent on or
before June /, 1894, TO Secretary Plummer
nt Philadelphia. The national executive
committee will appoint subcommittee
of five members 10 open and read the sew
eral contributions. and decide by open
ballot which they consider the
best. This being decided, the
envelope bearing the corresponding
number shall be opened, and the
paper so selected will be read at the ma
Iional convention in June, 1894. The
author of the selected paper shall receive
the cup as custodian for his association,
and 1t shall bear his name and that
of his association, and the date.
The cup shall be held until the
next annual meeting OF the National As
pociation, when similar competition
uhall take place under the direction of
the national executive committee, they
naming the subject for the paper. All the
papers shall become the property of the
National Association, with the right TO
publish them.
Defective Wiring I'm Hartford.
An electrical expert who has been en-
Raged by the Hartford Board of Fire Un-
derwriters TO inspect the electric light
wiring in the stores and mercantile
houses OF the city, makes a report which
a. nothing less than alarming, and
which seems to explain in large measure
the cause of the many mysterious fires
which have visited this city. He reports
ssDefective wiring in 81 stores and offices
An the business part of the city including
two large hotels. Almost every building
Inspected has more or less lack of attain
ipg the requirements OF safety" The
inspection was made thoroughly and
olowly.
All owners have been notified that they
must take immediate steps toward COR
xecting the defects.
The Wachusetts Mutual of Fitchburg.
Messrs. O'Brion & Russell have recently
bscu appointed general agents for the
United States of the Wachusett Mutual
Fire Insurance Co. OF Fitchburg. OF the
assessment recently made by the Wachu-
Uett, over 98 per cent. has been paid in, all
in cash, no notes being taken. This is
gratifying and shows the character and
ability OF the people holding the COM
pany's policies.
MIR. william Bell Coming Over.
Mr.. William Bell, who has been con-
uected with the Palestine Insurance
Company for the past 10 years as chief OF
tho foreign department in Manchester,
Eng, has been appointed associate mana
ger with Mr.. William Wood at the. Pales-
tines New York office.
A New Casualty Company.
As result of the Ohio deposit law just
passed, compelling all outside casualty \
companies to deposit with the Ohio
State Treasurer $4,000, Messrs. Bingham,
Douglas and Squire Of Cincinnati are
organizing the Ohio Casualty and Surety
Co. with $500, 900 peid in and S2OO, 900 sur
pluss 1t will do no contribution or rail-
way insurance, but will transact elevator,
steam boiler, general liability, individual
accident, etc. The organizers are to be
4he United States managers.
Notes.
At the meeting of the New England In
surance Exchange, held yesterday, the
Emergency Fire Extinguisher manufac-
tured by the Emergency Fire Extin-
guisher Company was placed on the list
of approved apparatus.
Mr.. Charles Caldwell, formerly general
agent of the North British and Mercantile
Insurance Company, is dead.
y On June 1st the Etna OF Hartford
transfers its Buffalo agency tow orthing-
ton q Sill. ]. N. u +. i. Dorr, the present
agents, expect to retire from the busi-
ness.
John q. French, vice. e-president of the
New Hampshire Fire, is visiting Boston.
JACOB +. NJ. LYONS.