Indian chieftain. [volume] (Vinita, Indian Territory [Okla.]) 1882-1902, 1899-05-25
INSURANCE RAISED.
Muskogee, EufauIa and
Other Fires Effect All.

OlitOi u CS LiOOA Nlit
Insurance rates and insurance
affairs in general so far as patrons
are concerned, are dealt with by
states. One or another town may
be profitable or improbable 10 the
companies but it makes no differ
ence to the towns individually.
What one or more Of them in a
state loses a company the others
in that state must pay. As a re-
suit of this manner Of conducting
business, insurance rates are raised
on nearly all classes of risks from
last Thursday, the 18th, % per
cent, all over the Indian Territory,
save at Ardmore and Checotah,
where the increase is but 10 per
cent. The exception at these two
towns is because they have water
supply and fire departments. This
order for increase is made effect
i've pending the re-rating of all
towns in the Indian Territory,
which will be done at an early
date, after which a fixed rate will
apply. 1t is applied just at this
time because of the unusual losses
in the territory thus far during
1899.
The increase applies to all mer-
camille risks, hotels, stables, hay
barns and contents. 1t is not TO
apply TO dwellings, schools,
churches, cotton congresses,
yards, oil mills, lumber yards,
flour mills and all other manufac-
turing risks except that when any
of the above excepted risks are
located in frame ranges or business
blocks, and are rated as high or
higher than the range or block in
which they are located, then they
shall be subject to the advance in
rate same as the building or stocks
of the range or block in which
they are located. Accompanying
the bulletins ordering the advance
was the following in relation to
keeping water barrels and buckets
at accessible points:
In consideration of a rebate
granted to the assured hereunder
in the sum of % cents per 500
from the established rates on the
property covered hereby, said as
sured by acceptance and retention
of this policy covenants and agrees
with this company that within ten
days from y o'clock noon of the
date hereof there shall be placed
for use in case of fire only imme-
diately in front of and not more
than twenty feet distant from the
building covered or containing
personal property covered here
under not less than two barrels Of
at least 40 gallons capacity each,
the same to be filled with water to
which shall be added l peck of
salt and eight ounces of sulphuric |
acid for each 40 gallons Of water,
said barrels to be closed at bung |
and head: and further that there |
shall be placed and maintained |
near said barrels and readily ac-
cessible in case of fire in said |
building not less than two fire |
pals, the same TO be always kept |
in serviceable condition and as
sured warrants that barrels of |
water and fire pals as above stip- |
llated shall be so maintained dur
ing the life of this policy, it being
to be a specific condi-
lion of this insurance that any
breach of assured's said warranty
shall constitute a failure of the
granted and imme-
liately renders this entire policy |
wholly void.
Companies and agents are advis-
I'd that this rate reduction agree
nent is not TO be attached TO poll
les covering risks in Ardmore and
Jhecotah, but may be attached TO
III fire policies covering risks else
where in the Indian Territory up
N which advanced rates shall
nave been actually charged and
as per bulletin No. /,
indian Territory series. !