The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1895-01-29

Despite the fact that a war of in
surance rates is now raging on the
Pacific coast, and even as near home
as Ogden, it looks very much as
though Salt Lake business circles are
to be spared any of the demora liza
ton which is always attendant upon
such disturbances. The conservative
insurance agents, are determined mat
The struggle shall not reach here, and
have already taken steps to prevent
lcAz2d nip in the bud the threatened
tSscr 3ration of open warfare. They
have organized what may be termed
a semi-ofticial local board of under
writers for the perpetuation of The
rules Of the regular compact, and out
o. nineteen agencies, seventeen have
signed an agreement to write business
ohly at regular rates, although several
o. uhem have reserved the right to
Z Ae care OF any business (Which NAV
pc threatened by any guerilla. agency
me 'other tWO agencies have given
NAelr pledges TO refrain from going al
leI Ihe business of any regular union
agSAey This would seem to have
seclieu tae matter as 1ar as Salt Lake
business IS concerned, and it is hardly
pHopao!e that any cutting VIII be en-
gagged III by the local agents, unless it
Is IN The case Of one or two OF the non
union companies, and their business
mas never yet cut any special figure.
Two meetings OF the salt Lake I'M
derwrters were held yesterday, one in
The morning, and the other in the at
TernOon, and The situation was thor
oughlY cauVassed. The publication in
The Sunday papers by two agencies OF
C5f eea1l- N
regular line insurance, caused j de-
cIded furry in insurance circles, and
was the primary cause of the meetings.
During the afternoon, the people WAC
announced their Willingness 10 make
cuts were drawn off by rheir compan-
les 4A1weFer, and all fear Of a. conflict
wax driven away. As a matter Of fact,
the agencies ente ed the fold, or gave
Ihsar pledge that they would not 60
49, business of union companies. IN
jfgclad agreement was drawn up by
the agents al the afternoon session
and signatures were not withheld. Salt
Lake insurance men realize too lleenly
the dire results of a rafe war. and
their 4ack Of desire for a conflict is
shared b. the conservative business
men of Ihe city and territory. II ap-
pears that there was no need for the
struggle which is now going on in Os-
den and becoming more warm daily,
70 the great loss Of The companies and
aEenLs, as it viii also more than likely
be to the loss of the insured. At the
meetings held in Jhis city, letters were
read from many of the general agents
in san Francisco. all Of whom compl-
meaJ ID the Salt Lake agencies on The
conservative stand they have uniVers-
ally taken, and expressed disappOint-
nent at the turn affairs have taken
in the city on the north. All of the
-g,.,.
there was no need OF the commence
ment of the war, and VentUred the pre-
dict;On that il would not last long.
One OF the interested parties in the
Ogden ngnJ is the Home Fire InSur-
ance Company of Utah, and for the
purpose OF considering the matter in ali
OF its details and adopting some course
OF action, the board OF directors OF the
company held special meeting yes
terday Afternoon. The decision was
ahat The Home should preserve its US
lafl conservative course and make no
cuts in rates in ogden, or elsewhere,
but simply to take care Of its present
business. The directors had no fear
that the war would reach this city.
A%ces received in this city last
eAS5ng from the coast, were OF char
" that indicated that nearly all Of
tie companies are already good ana
tired of The free lance business, and
the indications are that the reorgani-
zation OF The Pacific Insurance Union
under lis new name viii be speedily
effected
whitney Palache, special agent for
me Hartford, arrived in this city yes
6erday morning on q regular tour Of
inspection. When questioned regarding
the situation in San Francisco, the
gentleman stated that although he LETT
rha@cOast on Saturday, there was noJh-
sng to add to what has already been
published. a continued rate war is
not likely, he ventured.
The INSURANCE agency of I. II. Bishop
was yesterday absorbed by that Of
Heber J. Grant & Co, and MI. Bishop
viii retire from the business. Neg0tia-
lions for The transfer have been pend
ing for some time past but al of the
details were not arranged unt1 yester-
DAY. This gives Grant & Co. several
new companies.