The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1895-02-09
Splendid Class of Buildings Sc.
cure MeriGed Reduction.
RATES HAVE BEEN HALVED.
FREE LANCE COMPANIES MADE
BIDS AND WE'RE NET.
The Non-IntercOurse CIause is to Be
Rigidiy Enforced Against Anti
Compact Comprehension Flour
Is Being Sent to China-NO Change
in Prices on the Local Market.

In view of the fact that Salt Lakes
new public school buildings have been
pronounced by experts to be practically
1ireproof, at least, as nearly fire
proof as it is possible to make struc-
lures of that nature, the insurance
companies which have for years been
given the business of the board of
education yesterday agreed to so per
cent reduction in the premium to be
paid for the three years policies on
all of the buildings of the public school
system. This means that some 5000, 900
Of risks will be taken care of for just
one-half the premiums paid prior to
the Sth day of February, or the date
Of the expiration of the present poll
cies. All of which means a saving
to the board of education of something
like $1,000. 1t is true, however, that
the reduction was not due entirely to
the splendid character of the struc-
lures TO be ensured, for the fact that
Resident Agent Sinclair, of the Home
and Phoenix, two of the seven COM
panies which are out of the Board of
Fire Underwriters of the Pacific, the
successor to the Pacific Insurance
Union, put in a bid for the insurance
Of the board at a very much reduced
rate, was probably the primary cause
of the heavy cut. AS a matter of fact,
it was simply a case of self-preserva-
ton, and in accordance with the rules
of the local board Of fire underwriters,
the union companies, which held the
business, met the cut, which threatened
TO wipe out some of their most valu-
able risks.
At the meeting of the board of ed
ucation held on Thursday night the
matter of Insurance was referred to
the committee on buildings and
grounds, with instructions to examine
ito the stability of the companies
which desired to carry any of the
boards business, and where possible
give the insurance to the local tax
paying agencies. All day yesterday
the members OF the committee had the
matter under Amusement and the re-
suit was as stated. Regular Salt Lake
agencies will secure the business and
their companies will write the poli-
cies at so per cent reduced premium.
AS a result of this action the resident
special agents of the Free Lance COM
panieS are rather warm in the region
Of the collar and threaten to make on
slaughts upon the union companies
public institution business throughout
the territory. Should they make any
of the promised attacks it is highly
probable that the board of education
affair would be repeated and the at
lacking parties met at every turn. The
members of the local board are not
permitted to make any cuts or search
for outside business at reduced rates.
But they are permitted to protect
themselves by meeting any genuine Of
fer from the outside.
The time has come when the local
agencies must choose between the
union and the non-union companies,
or, at least, those must who have one
or more of the anti-compact institu-
lions on their list, for the non-inter-
course clause of the constitution is to
be most rigidly enforced, and none of
the members of either the general or
the local compact will be permitted
to retain a non-union company At
the first meeting OF the local board
since the full organization, held yes
terday afternoon, the matter was fully
discussed and the members of the
board took the position that they
would be recreant to their pledge if
they did not drop the outside COM
panies and the latter must go. This