The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1895-02-10

Ihose insurance agents who on Fri
day captured the business of the board
OF education were busily engaged in
writing up the new policies, covering
all of the buildings in the public
school system. These instruments ag-
Sregated in face value $206,000 and
through the cut made in the rates the
borhood Of $1,000. AS stated yesterday
morning by The Herald, this great re-
duction. in premiums was due TO the
splendid character of the buildings to
be insured and the further fact that
the resident agents of the companies
Which are not as yet members of the
Board of Fire Underwriters Of the Pa
cif1c had made a direct attempt to Sc
cure the business and in order to pre-
vent the cancellation of their policies,
the proposed cut was met and the in
surance is to be carried by the mem
bers of the compact Very naturally,
the outside agents are not in very
good humor over the transaction and
all the public institutions of the terri
tory to award their insurance by CON
tracts obtained through competitive
bidding. Should they make this pro-
position to the various boards, and
there is no doubt but that they will
make good their promise Of even more
active warfare, it is more than likely
that the territory will also be saved
considerable on its insurance. 1t is
also more than likely that the boards
will follow the lead of the board of
! education and give the taxpaying local
agencies every preference where they
meet the cuts made by the outsiders.
OF course, it would mean a. decided
saving to the institutions and through
them to the territory. in either in
stance, but the general sentiment is
/ heartily in favor of the home agents
! At the daily meeting of the local
board of underwriters held yesterday
afternoons several matters of import
ance We're discussed and disposed of.
/ One of them was the preparation of a
| circular letter to the general agents
! in San Francisco, stating the position
/ Of the local agents and giving a de-
! tailed list of the members of the Salt
Lake board and another of the agen-
cies which have to date declined to
enter the local organization and are
non-committal as to their position
relative to the cutting of rates which
is now in progress throughout this
city on account of the repeated efforts
Of the outsiders to obtain more
stable footing. What is known as a
relief committee has been appointed
! by the president of the board and il
is within the province Of this commit
tee to authorize any member Of the
board to meet the cuts made
by the free lancers where necessary
to protect his business. AS soon as a
member receives notice that any of his
customers have received a bona fide
offer of reliable insurance at a rate
lower than the rules of the compact
permit he is supposed to report the
same to the relief COMMITTEES and ar
authorization is issued which permits
that member to meet any cuts made
by the outside agencies, special or gen
erai
Advices received from the coast yes
|terday morning conveyed the informa.
ton that the Milwaukee Mechanics
had entered the fold of the compact
which leaves but six companies nov
non-members. It was also announced
that the non-intercourse clause of the
new constitution is to be most rigidll
. enforced and it is thought that thi:
will mean the early termination of the
, struggle now on, as the outside com
panies must soon reach the end o.
their strings on account of their in
ability to secure reinsurance for any
: great lines