Fort Worth gazette. [volume] (Fort Worth, Tex.) 1891-1898, 1894-05-09
TExAs' MIC ELEVEN.
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as asked for In the resolutions and pc
tuors this day passed by this con-
Vcntlon. and that said committee be in
structed TO report AT Il meeting called
for this purpose ut ---- ON the -
day OF --, 1894, subsequent to the
meeting to be held by the insurance
men called to meet at Louisville. KY,
on May "a. 1894.
That said committee be requested TO
gather such information and data as
may be necessary to act intelligently
upon organization Of local insurance
companies for the protection of citizens
of Texas from exorbitant aud unjust
charges and conditions.
MIR. Watson OF MeXia then moved 4
that the chairman be allowed ten days
TO make the appointments named in
this resolution.
Mr., Oudly then moved that the ex-
listing organization he declared per-
manent, and that the chairman, to-
gether with such gentlemen as he
might name to assist him, make the
appointments here required.
These resolutions were more conserV-
otiVe in character than was anticipated
by some Of the gentlemen participating
In the convention.
a vote OF thanks was then rendered
to the Dallas Commercial club for
Courtesies shown. and their invitation
10 drive about the city cordially accept
ed.
The folloying wire was received from
Victoria:
Am instructed TO wire resolution OF
last night: BE II resolved by the city
of Victoria that this body II unnni-
mously opposed TO the so-called equit-
able reinsurance and contribution
clause"
rphn fntio,rt,er i.ttay xvoo rood from,
The Mayors Plea.
San Marcos, Tex. May Ito the
Commercial Cub o. Dallas, Tex; Gem
demonstrating seen your call for %
meeting Of the people of TeNas, inter-
ested in fire insurance. at Dallas ON
| the Sth Inst, to protest against the
| reinsurance and contribution clause,
sought TO he enforced IN our state by
| by insurance companies, while no
| meeting OF citizens has been had, | am
| pleased to assure you that the people
| OF San Marcos are In full sympathy
with your efforts. and bid 1t God-speed.
| It Is ah igh-handed effort to coerce the
| people TO pay something for nothing,
Monopolics are said to be contrary
| to the genius OF free government and
| free institutions. yet this effort on
| the part OF the insurance companies to
| force this fraudulent and inequitable
clause upon the people IL the most gil
| gantlc example OF combination and
| monopoly vet witnessed I'm this age OF
monopoly and trusts. II Is one that
| carries on It's face not one single trait
| OF Justification or excuse, II is an
| effort that imperatiyely calls for pro-
| tective action by our legislature In be
| half OF the people OF the most decided
| character TO the extent that every COM
| pany that receives a premium should
| be required to pay the sum on which
| II receives the premiums, should loss
| of the assured amount TO that sum.
| Such requirement Will be protection
to the company as well as the assured
| prevent over assurance and obllge the
| taking into consideration the moral
| risk as well ms the physical.
| | would suggest that at your meeting
| that you call on every town and ham
let In the state to petition our coming
legislature for protection against this
| attempted imposition and outrage, for
| IL is an outrage. ! assure you that
there Is but one voice In this commun-
| itv and that is denunciatory OF this CO.
insurance and contribution clause. our
| people will not submit TO II, but VIII
| do their own insuring. There Is plenty
| of capital In Texas. Why should not
our men OF wealth organize home com
panles. treat the people fairly and keep
the money at home TO build up our
own state? j. II. PORTER,
Mayor Of San Marcus.
| Alf. lhfkfI VI AallNfSNi'A NHNAA $3.50
that the meeting adjourn, subject o
the call of the chairman ut Galveston
on such a date as he may desire.
Col. w. ]. Cayen said: III the insur-
ance companies have been losing
money in this state is their own FAINT.
THE agents Of the companies, in their
eagerness TO make commissions, pile
mn the Insurance on properly until
even a good man Is tempted 20 set IRE
10 ii. and then they raise great howl
| about losing money, and want the non
burning portion OF the community
10 reimburse them. II the companies
would do legitimate business. that
Is. insure property for no more than
It Is worth. they would not lose
money" -
Ford House said; 1.-THE insurance
companies should appraise the prop
erty and insure II only for a safe
amount. when they give a man -four
or Ave times as much insurance as his
uroperty is worth they should not be
surprised II his cupidity gets the up
per hand Of him. The companies ought
10 be better judges OF human nature
Than that, Al any rate II is little too
much for them 10 want the insured to
helm them out Of their trouble. be-
iieve II would be n good thing for the
atats IL ali the insurance companies
vnuld get dlsgusted and pull out"