The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1895-02-05
IT WAS EXPENSIVE.
INSURANCE RATE WAR INDUCED
IN AT OGDEN.
The Agents Now Sec the Mistake of
Their Suicidal POlfcy-The New
Compact.

The recent insurance rate war which
ragged so merrily in Ogden during the
interval of the dissolution of the Pacific
Insurance union, and the reorganization
under the name of the Board Of Fire
Underwriters of the Pacific, has proven
4 right expensive experiment to the
agents of that city. and they are how
wishing they had pursued a more conser-
Vative course. In many instances poll
Cies were written as far in advance as the
end OF the year at a discount of 60 PEI
cent. and in the heat Of the battle the
new business was readily accepted by the
companies which have agents in the
Junction City The order 10 cease slashing
was therefore received with evident salts
faction by agencies and companies alike
and there is but little of the renegade
business now being carried on 1t is true
that there are two or three companies
which are making attacks UPON each
others business both here and in Ogden
their signatures not having vet been at
tached to the new constitution of tic
compact. AdYiceS received from the coast
yesterday. however, were to the effect
that. the INDICATIONS pointed 70 an early
Signing by all OF the four outside COM
panies and when that end is attained the
compact will again be in its old time
solid condition.
/
! George w. Spencer was selected as the
new president: John W. G. Cofran, vice
president, and Charles D. Haven treas
urer.
Spencer is a conservative man, who has
always been a stanch unicnist He
withdrew from the late Pacific Insurance
union at a time when there was very
general dissa tisfaction among the men,
bers of that body and when 1t was feare1
that another compact never could he
effected. Since his withdrawal ne had
II, J.
OF Underwriters, for all the provisions OF
the new constitution were not to his
liking. The amendments made at the
meeting on Thursday did much to recon
several of them appeared at yesterday 5
meeting. Spencer is considered a good
man 10 head the new compact, as he is
popular, conservative and above all the
petty temptations, the yielding to which
10y the members caused the downfall OF
the Pacific Insurance union. That Or
Eaniza ton is now out OF existence. as tle
signing of the new. constitution by a
aiority Of the members and yesterday s
organization by the election OF officers
brings the new association INTO fun
power. No changes are contemplated III
present in the working force at tho
boards headquarters
Vice-President Cofran is a member oil
the firm of Belden q COfran, managers OF
the Pacific department of the Hartford
He has been one of the most energetic
workers in behalf of the new organiza
ton. He was a leading member of the
special committee of the Pacific Insur
ance union appointed to endeavor TO aC'
just the differences which had arisen be
tween the members, and is an able an(
conservative underwater. Charles y
Haven is the well known coast secretary
of the London ana LIVERPOOL and Globe
one of the biggest CT the British com
panies doing business on the coast
The Salt Lake agency of the New Yorl
Fire Underwriters association yesteruay
passed to the firm Of Harris & Wilson.
Captain Donnell, head of the loca
branch Of the compact, went north |,
ogden yesterday afternoon on specia
business.