The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1896-12-28
HAS BEEN A SOURCE OF GREAT
QUALIFICATION TO LOCAL
UNDERWRITERS
THREE CANDIDATES STICK.
MESSRS. IIGHTBOURN, DEARTH
AND TUPPER ARE TENACIOUS
IN THEIR CAMPAIGNS.
MAKE MONEY NOW.
Even the Big Ryan Fire Did Not
Eat Up the 1896 Premiums
Paid Locally.

The st. Paul insurance agents have
been congratulating each other since
the visit of Commission No. last
week that rates have been reduced to
the figures of 1893. While some Of the
competition which has had a demon
alizing effect on the business in st.
Paul for the last six months was due
to other reasons, the rates adopted and
in force here up to this time allowed
too much latitude to keep the rates
anything like uniform. Besides, people
who carried insurance considered that
the rates were so high that it was bust
ness to look around to try and do a
little better, and at any time recently
1t was possible to get insurance below
the rates quoted by the compact man
ager. Now it is thought that the war
Will cease, and, while one company
agent may still remain out Of any new
compact that may be drafted, his bust
ness Will not be allowed to influence
the rates made by any other agents
IN st. Paul. The proposed change in
the compact office is also a good thing.
The present manager will doubtless be
glad to be transferred to another field.
as some Of the ST. Paul agents have
conspired to make matters as unpIeas-
ant for him as they could, while others
did so without conspiring, but in the
line Of self-protection.
The near approach Of the new year
has stirred up those who are figuring
that they will be selected by Gov.
Clough to fill the insurance commits
sionership. E. H. Dearth is still hope-
full. In fact, the result of the election
made him almost think he was sure Of
the place w S. Tupper's MINNEAPOLIS
Iflends nave since the election urged
MIN for the place in an interview with
the governor. Acting Commissioner
Lightbourn says nothing, but continues
TO run the office, which is only partial
~ equipped when all it's officers are
there, which has not been the case for
year While all the insurance men
OF ooth cities long ago urged his ap-
po1ntment and would doubtless like TO
see him get the place in preference to
all those who have been mentioned
from time to time as candidates. they
90 not think the delay helps his pros
poets. They figure that unless the gov
ernor wanted to use the office as a bait
for assistance during the campaign Mr.
Lightbourn would have been appointed
long ago. In any event, however. II
is generally believed that the acting
commissioner will remain in the Office
two years more in some capacity.
The present year, if it goes out with
out any more serious fires, will prove
profitable to the companies doing busi-
ness here. The Ryan block fire which
was the most serious one Of the wear
was not bad fire from an insurance
standpoint. One hundred thousand
dollars will probably cover all that the
companies will have to pay. The prop
eIty loss, however, was heavy. unless
the report is true that the owners of
the Schultz block had $40 900 more in
surance than that reported placed in
some OF the companies at Baltimore.
Inc appraisers are at present working
on the loss, and it is expected the in
surance will be adjusted shortly.
Barring the unexpected, but always
possible, as insurance men put it, the
IRE insurance companies doing busj
ness in Milwaukee will go ont Of thar
CITY, Tor 1896, considerably ahead in the
matter OF premiums. 1t is stated nv
insurance men that the aggregate pre-
m1ums for Milwaukee during 1896 Will
amount to about 81, $50, 900, as against
$I,zoO,OO0 last year. But while the re-
Gelpts TINS year will be about 800, 900
less than during 1885, the losses for 1895
Will not begin to compare with those
OF last year, unless something very
serious comes before the close of tbo
year. Up to September last the actual
hre losses paid in Milwaukee during
the year did not exceed S3O0. 900 and II
IS believed that the total will be some
Chlns under $5O0.00O for the year, if the
excellent record thus far made is con
tlnued another week. AS against this
showing, last year was a heavy loser
to the companies, as policies to fhe o.
gregate of 81, 100000 were paid in Mil
Waukee in 1895, which was $50 O00
more than the companies received in
premium receipts
Inc attorney general Of Illinois
opines that the writing Of Insurance.
policies on property outside Of Illinois
by agents in the state, of companies
not authorized to do business there, is
not violation of the insurance laws
of Illinois.
The Philadelphia Board Of Plate
Glass Underwriters has been organized
Win the IOllOWlnS Of1cerS: President
5. H. Pool, Fidelity and Casualty:
vice president, w. Wallace McCurley,
New York Plate Glass; secretary and
treasurer, Charles H. Adams. Lloyds:
executive committee, T. V. Smvth
United States: w. o. O'Neil. Metro
politan. and M. G. Wolf, Union
The latest gossip in fire insurance
circles in Minneapolis is that the
Merchants Mutual Fire Insurance.
company, which was organized some
months ago. is about to reorganize as
q stock company under the name OF
the Minneapolis Fire and Marine In
surance company.
E. s. Jones Sons & Co., Minneapolis
have taken the agency Of the Union
Casualty of st. Louis, and will be
active competitors for plate glass in
Surance.
]. E. Nipple has BEEN appointed
state agent of the New York Life fol
South Dakota, with headquarters for
the present at Pierre
1t Is understood that the opposition
to the election of Chief Stetson, of the
Minneapolis fire department, which de-