The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1895-08-24

Peace has at last been restored in
local insurance circles and tariff rates,
which have gone glimmering for the
past seven and a half months, will be
restored this morning. All of the mem
bers of the board of fire underwriters,
which includes the representatives Of
the Home and Phoenix, the two COM
panies that caused the major portion
of the trouble which has racked local
insurance circles since the first of the
year, have met and fraterniZed.
General Manager Magill of the
companies named, arrived in the city
yesterday morning, and during the af-
ternoon attached his signature to the
permit which made it possible for the
insurance agents of this territory to
get together and form a state board
Of fire underwriters. When the special
committee from the board went to
San Francisco recently for the purpose
Of securing the signatures Of the gem
eraI managers there, it was received
very cordially by Mr.. Magill; that is,
in a business sense, and that gentle
man refused to attach his signature to
the permit which. then contained the
names of all of the managers in San
Francisco, with the exception of four
others. Now the needed signature of
MIR. Magill appears upon the compact
agreement and this makes it possible to
restore rates to their former station.
OF course. there are some side pro-
visions and details to the plan of re-
Orga lization, but the general PROPOSE
ton is, in effect, that the Home and
Phoenix join the compact. Rates are
to be put back forthwith, every mem
Der having resolved not to make any
cut rates after last night, and har-
mony is restored sin the insurance
world of Utah.
Soon after his arrival in the city, Mr..
hIagill was cloSeted with Captain Don
nell, manager of both the state and
local boards of underwriters. and the
entire local situation was entirely gone
over, every detail being explained by
the captain. Mr.. Magill seemed rather
favorable to the compact proposition,
but did not commit himself. on the
ground that he was on his way east
to New York and Hartford for the
purpose of consulting with the powers
that be. In the afternoon, however,
the atmosphere cleared very materi-
ally, and at the meeting of the local
board, which commenced at 4 o'clock,
the announcement was made that Mr..
Magii would sign the compact Iof
the Home and Phoenix. Then followed
the arrangement of the necessary de-
tails of the agreement, and the session
of the board lasted for several hours.
The attendance of underwriters was
heavy, and it required some time to
adjust matters in a satisfactory man
ner, This work was accomplished,
however before the board adjourned,
and all of the differences of the past
went into the background. The Home
of Utah last night wired its agencies
to write no more business at cut rates.
This rather precipitate action on
the part Of the Home and Phoenix
rather surprised many of the local
agents, who had reached the conclu-
sion that alters were not yet ripe for
a 1ull adjustment. Mr.. Magiu was
evidently satisfied, however, after
making a full personal examination of
the local situation, that nothing would
be gained by longer continuing the
fight here in Utah, and for this rea-
son consented to join the flock. send
rates back to their old basis and re-
turn to the regular compact rules and
regulations.