El Paso daily herald. (El Paso, Tex.) 1881-1901, 1898-10-08
That Insurance Decrease.

ance rates had been decreased in the
city and that those insured by the diff
fereut agents had not been notified of
the decrease.
A reporter of the HERALD was SEM
out on a tour to interview the different
insurance agents on the matter.
The first one seen was Mr.. III. r.
Wood who stated:
''There has been change in the
ratings of insurance by the rating bu-
reau of Dallas, which is under the guild
ance OF Mr.. George JalOnick, but the
changes made works both ways. That
is, where some have had an advantage
in a reduction of rates others have had
to stand a raise.
1.-THE change went into effect on the
oath day of September and on the 23rd
day of that month l wrote policy for
one of our leading merchants and he
had the old rate which was lower than
1t would have been if he had waited
until the 10Th, because he had the old
rate and it was lower on his particular
property than IL was under the new
rating, therefore ne got the advantage
of the lower rate. Now what do you
think that merchant would have said
if had gone to him on the 26th and
told him that the company had made a
raise in rates on his property and that
he would have to give me more money?
He would have laughed at me, and
would have had perfect right to do
so, as the idea is preposterous.
On the other hand on the 26th day Of
the month l did write a policy for a
citizen and he caught the advantage of
the decreace in rates, as his property
came under the new rating where he
was entitled to lower rate. The re-
duction he received was from one fifty
to one thirty five.
Now it seems that those who want
the reduction think that l can give
them the difference. If this were
done | certainly would have to give
them the difference out of my own
pocket as the insurance companies
wouldn't listen to a proposition to max e
rebate in the matter, each police will
have run until the end of its term and
the insured will receive the benefit of
the reduction or be subject to the
raise
The next agent seen was Mr.. A. P.
Coles, who was informed that he was
reported ss having gone to differ
ent parties who had insurance with
other companies and told them that if
they would cancel their policies with
The other companies he could write
them insurance at much lower rate
than the one they we're paying at pres
emit.
In reply Mr. Coles said: Whoever
makes that statement makes false
one. 1 have done nothing of the kind
[ made 8 mistake and informed some
of my own patrons that if they wished
to take advantage of the lower rate
they might cancel their present po-
litics on short rate proposition. The
article in the Times is misleading all
the way through and is wrong" The
reporter told Mr.. Coles what Mr.
Woods had said on the matter and Mr..
Coles said
"Thst is exactly right | agree with
Mr.. Woods in all his statements.
That article in the morning paper was
entirely uncalled for and if the au-
thor of it would stop and think he
would know that the insurance agents
of Ell Paso have always done all they
could to have the local rates lowered,
and it was through their work that
they have succeeded to certain
measure.
81 am sorry to say that there has
been an agent in Ell Paso who has gone
among the merchants and made q pro-
position to close their insurance with
the agents and companies which they
are insured with at present and that
he would rewrite them policies al
lower rate in companies which he re-
presents
Mr.. 81. b. Stevens was tnen called
on in regard to the matter and said:
Evidently the Times knows about as
much about insurance as the average
Ell Paso burro. The whole trouble has
come about by couple of insurance
agents new in the business, who have
never done an insurance
"a
been issued. To make capita
for themselves they have rushed
around and informed many insurers
that their rates have now been reduced
and that they could write their bust
q ess at lower rates than they were pay
ing at present. Such soliciting is not
Legitimate and IS known to insurance
lien as "Uiratiug' with the insurance
craft. These same solicitors forgot,
TO those whose rates had been
raised. The FL Paso rating ia
arrived at by using the universal
schedule, which system of |
rating is now in vogue by all larger |
cities, and recently new fire map was |
made of FL Paso, showing the con-
struction. occupancy ETC., of |
all the buildings OF the city. The map |
showed so many changes that in justice |
To all luSuFeu drerdDluE WE5 SSsonllhl |
aud accordingly the rating bureau of |
Dallas sent a representative here, who !
after T. careful personal inspection is
sued the present advisory rates. |
While some mistakes may |
have been made. IN the main,
these rates are just and equitable |
and every insurance agent here who |
has been in the business long enough |
10 know the first principles of the bust
ness, knew hat the new rates only ap-
piled to business written after the re-
,iept of these rates The already writ
Ten policies were not to be disturbed.
put to let run the course of their term,
hen If the merchant comes under the
head of the reductions to give him the
benefit of it,
Mr.. Thomas Conklin was the next
gent seen about the matter, and when
'sked about the article, he asked who
vas the author Of it?OThe reporter
answered that he didn't know. wv ell"
aid Mr.. COnklin, i think that be ought
q come to the insurance men of the
ity and get posted on such matters be-
Orewriting such articles, for he doesn't
now anything about the matter. IS is
hOwn by the article be has written
ie evidently has taken up what he
as heard on the streets and put it in