Fort Worth gazette. [volume] (Fort Worth, Tex.) 1891-1898, 1896-04-12

dlvlduias to clear tber..,... r. :;
cfiscto Of their cnviror 4, 7 = IA
eu policy low should "a ~; p Z
the statutes of Tho stnf4 ''''9r
snrapcc contract made !, VI 4
tended to be on the oa,t a.' II
ance companich--thnf "a ~ ~ y
indemnify tho assured i. ''Q''1|
loss, and not pay MIN ,'a'' 4
amount which he may ~ ~
through ignorance on ,,''".r NJ
agent Or by the assured X N
reached the agent as 10 III. r.,':9
property. accurate knowia4 !. ~
ls more readily accessible n, x n
than to the agent. Y 'et Y
a law should be passeo
rigid investigation 81 *, 7l.-|
each FIRE abcut which tl,,,. 4j|
suspicion, or abJut which ns X
tory account can be given nv :,
or the occupant thereof y '''
In commercial commnlt,.. n.
Of New York, Pennsylvan,. ~
older Eastern states. inteII,r.
opinion has long nlnce derlSs9
Hurance companies are On, ~.
corporations which ara ai>s,.'. II
sent.al TO the conduct OF m1f.|
ness, and the frrer and le,r y.
they are by vexatious statue 4.
friction there Ia between A.. "
and the companies, and The NJ.
or incendiary losses cream
with the resultant cheapeuln. !, i
great extent OF the cost of "A. 4
ance TO the assured. To il,ns,'.'
Texas. for fifteen years. the M.
1850 10 1894. the percentage :,
each 800 Insured was 81 n ~,
each 500 OF insurance In TX \.
all that period, the amour,
destroyed by fire was u NJ VI
the state OF New York FOR x.
period. whore the companie, !.
hampcred by vexntious sle,.s
percentage of loss TO the reo~.'
ten was s7-100 OF l per cent ,%..|
say on 500 Insured there MA. III
by FIRE 81 cents. These arun.
small, but let us curry them NJ
totals. and you win see the t-A,,,.
cost to the property owners I, 4
az compared with the cost IA -.
owners in New York. due o, ~
n certain extent. to defective en-,
ion Incident to new countr. Y.
pared with an old state like N.
but largely. In my opinion. q q
ranted local prejudice ayainst =,
atoms, resulting In the enar,,l
unjustinabie statutes.
For fifteen years the total ana.
sured In New York was 80 ia
upon which the amount des,r.l
fire was s173.i22. 0s9. In Tesas n
same period. fiftcen years. lie
insured was S2,l79. 7ss ,egs. 4,
there was destroyed BY fire h, 4
that Is, S1,12 for each ,i0o Iusurs
II the loss by IRE In New IA
been al the same ratio as Tens 4
time Instead Of having desto
fire STREE, 0s9. the amount pssil|
been over $500. 900 900, or. 10 MI
the other way. n the desifua
property In Texas had been 81 M
OF 81 cents ner 500 as N Nj
instead OF sl.10. rs il has ben IA
last fifteen years, the amount Il y
erty destroyed by fire IN 1'exas N
time instead OF being sqi. tss.iss \
have been but a fraction over . "A
n difference OF SIC, 900. 600 IN loiia
state of Texas. charitable flrst n
10 the faulty construction indis|
new country. and second and h!
10 laws intended 70 be unfaif.ll Il
surance companies. but whica an|
more unfair to the honen md
holders. which laws. in my osihIoi|
the result Of n hue and cT IA
corporations, originated eni N
designing politicians. who ~ il
general and proper objection " 4
nm opportunity 10 secure Office NJ
the general opposition TO eli iri
corporate enterprises. Yours I'D
specially. j. T TREzErl|