The Providence news. (Providence [R.I.]) 1891-1906, 1894-09-28
INSURANCE.


aet week elected these officers: ID. w.
Edwards of Minneapolis, president;
3eorge Il. Mcneil of Boston and ID. l..
FLETCHER OF Hartford, vice presidents;
Nelson ID. Tiffany of Buffalo, secretary;
Nj. Acker of Albany, treasurer; George
ID. Eldridge, George A. Litchfield, L. Il.
Fouse, ID. q. Avery, ii. w. X. Cutter, ID.
Murray and Colin McDougall, executive
:ommittee.
The usual increase in marine rates went
into effect on the 18th instant.
An increase in the lumber rates OF 90
cents f1at ordered by the Chicago Under
writer's Association went into effect on
thc 18th instant.
~ The executive committee of the South
eastern Tariff Association has issued
circular addressed To the companies which
are members OF the association, calling
their attention TO the obstructive COM
potition" Lloyds, mutuals and other nom
pssocial companies, and asking their
consent to the making OF competing rates
by the executive committee on individual
risks. and ut cities and towns where the
mast fire record may justify n lower basis
than is provided for by the general tariff.
The London Review quotes the German
Press as authority for the statement that
the Mutual Life has notified its Berlin
Representative that it has decided TO con-
tjnuc work in Prussia, and to strictly
conlorm to the severe requirements inn
rposed upon American Life Companies by
THE Prussian Government.
vi The Supreme Lodge of the Knights OF
<Pythias made two new decisions at the
',convention held in Westinghouse re-
"a fuse admission to saloon keepers and bar
n fonrers and not to print its ritual In the
K: German language.
The Colonial Lloyds OF Philadelphia
"a has begun bnsineAk as has also two new
mutuals, the Builders Mutual and the
y Germania Mutual.
The American Union Life has been ad-
mitted to Georgia and Missouri.
N The Excelsior Mutual Fire OF Boston,
u che first mutual organized under the new
xequircments, began business last week.
The Lancashire Fire, through G. b. Gill
<>bort, the new Western manager, has re-
oumed its membership in the Western
4 Union. The Merchants Insurance Com
" zany of Hammond, Ind, has been organ
"A lied with 500 900 cash capital.
The Mutual Reserve Fund Life sent an
"A offer TO the Committee OF Seventy, at its
meeting to organize to enter upon the
work of overt throwing municipal corrup
4 tion. OF the free use of office and meeting
rooms In its big building at Broadway
y and Duane streets. The millionaires COM
4 posing this reform movement evidently
4 fhough ht that they could not afford such
Il big free advertisement for an insurance
Hcompany, and accordingly Immediately
Xburied the proposition in the frigid regions
'E OF its executive COMMITTEES.
Insurance Commissioner Linehan OF
New Hampshire has notified the fire in
4 surance companies doing business in that
state that the Attorney General sustains
4 him In his decision that the co-insurance
clause cannot be applied 20 the standard
4 policy form without the commissioners
consent. Mr.. Linehan also desires the
companies 10 notify him before he takes
I further action il they intend to observe
I the laws of New Hampshire thus in
a terpreted. A number of companies have
\ replied in the sense that they intend in
4 New Hampshire, as elsewhers, to observe
\ the laws, while not committing them
X selves to this Interpretation before they
4 know how far they are liable for variety
Of other modifying terms commonly at
/ tached TO policies. At meeting OF the
\ New Hampshire Board Of Fire Under
4 writers il was voted officially to submit
+! the matter to the State Supreme Court for
/. decision.
/; The Metropolitan Life gave 1000 OF its
4 most successful agents three days jolli-
\ iication in this city last week, including
visits to a theater, the Wild West show, "A
\ sail on the Hudson and n big iamboree at
Il CrAnston's, all at the expense OF the com
many. President Stokes OF the Man
haitian Life some months ago i'm
tended to likewise bring thousand
OF his agents from different parts OF
the country TO inspect the tall building OF
the New Manhattan Life on Broadway
but abandoned the idea, wisely coming to
The conclusion that it was poor policy to
take his agents from the field and bring
many OF them long distances on such an
errand during the busiest season OF the
year.
The New York Board OF Underwriters
has introduced new idea which is ia
vorabIy commented upon. Its fire patro
committee has instructed the captains o
fire patrol companies 10 report fires sus.
pected 10 be of electrical origin TO tn,
/ electrician of the fire patrol, who imme.
diately investigates them and makes a re.
port giving details. His repsrt is there
upon printed by the fire patrol and dis.
tributed to the insurance companies Will
the daily list of fires.
4 Ah@ nhh0oh hAtChhb VI Aho NtbAtTt
Union was held at Cresson Springs, Pa.
last week. IL was decided to apply
minimum rate OF one per cent, "a an ad
vance 10 the present rate where trollo,
wires are tapped TO supply private con
sumers. The following we're elected Off
GERS: A. j. Harding OF the Springfield
Fire and Marine, president; II. G. Edd
of the Commercial Union, vice president
&. j.. Whittemore Of the Providenc
Washington, secretary. The semi-annuI
meeting was ordered TO be held at .
Louis on March 9 next.
The committee ON laws and legislstio
had something OF contract on it's hsns
IN preparing n report on the subject
expenses OF life insurance companies
the recent meeting of insurance commi
sioncrs at Alexandria Bay. After hop
lessly fouDdering through the intricsci
OF the question presented the commit
frankly admitted that the on