The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1899-07-27

Nas changed 10 = Ssu York company
~sse<s the rtsk was carried FOR = cents.
SheH the Coess companies chsnxed their
Ys;sey srs5 offered 10 carry * fer sl-fs, The
FIRMS agreeing 20 an - per csnt- coin
Sssrsace clause TAas WAS finally reduced
% HE. r. consideration 81 assuming %
per cent. co-iszsGrance. The building Is
charged ~ the rate Of ss-1 Ard yet. eth
1ii shis assumption Of risk by the frn.
sae San Franciscan concerns insist rpon
exacfsnx - cents nsors on fiDo than their
Esstern competitors J. Il. MaeDoass!i
xxfused 20 be interviewed yesterday. say
Ing he had had trouble enoasn. and did
not care to be mixed ~ With any more
3xssugssss companies
The appended interviews are submitted
ir this connection:
Mayor r. J. Harnss-Tre rates are too
high We have fEe department that
Aas no sEpsrfssf. ard yss the pesIia are
forced 10 pay tribute 20 these companies
thst arc never satisfied ! cannot stop Il.
but certainly something ought 70 he done
] stand ready 30 Fender tis~ EsstzsDs any
enststznee b. Esy Toaer ia ss4ss matter
II x
Gen. J r. Nexcatse--Fith ssch exuros-
fani rates. as have been assd are charged.
caused bs the fire 1f isss weFs covered
long ago. and Il - about tine a generous
reduction was made. Is Was not long ago
that went to oEse Of the collectors 80 pay
my premium he told rne what 10 was II
Nax simply Outrageous. and handed him
nay pusss. watch and Keys ard asked him
* there was anything else he wanted. He
neeuss assonishss and suppose had been
collecting such enormous revenues for 30
long thai he grew 10 thinking 81 was right
and moi ~ al hiEf1. The rates should be
IL \ mn "A - f1f a
ton 6s the people 10 compel them TO sub
mt to such wrongs.
4 X 4
DIR. J. r.. crichton. member Of she city
councll~-kxefy body knows THE Insurance
rates are foo high. We hate all the water
here We need ard q IRE department, both
IN machinery and men. that Ia net sur
passed. II Ii all fsonsenae 10 collect such
enormous rates, when tho Losses are At
the minimum. When iast year the total
losses amounted 10 bu, a little More than
34p.v8. what IL the Reason Gar this high
rass7 1t appears 10 me az Il shs companies
we're coiiectsns every cvut they could.
and that they had placed the ratea at
point where another advance, no matter
how slight. would result la n general With
dravai of all psopss from taking that pro-
tecsion.
Herman Chaplin, president Of the Boston
National bank-~Wa intend 10 have a ma
tertal REFLECTION In the insurance rates or
else cancel the policies on ali the build
snxs ~ our charge, A point has been
reached where we shall no longer submit
90 this Injustice. For Instance they
charge III per cent on the Colonial block.
This ID wooden building. but IL Is not
xorth more than 2sa 10 za per cent. aud
the policy VIII be cancelled at once IL tito
rate is not reduced. On the Riaito build
INK we pay 81. Is. when II Is worth only
". with the fri appliances We have there.
the two lower nnofs being supplied with
The sprinkler system and The upper door
with hose Feels.
j. A. Moore. OF the Moore Investment
Company~Thc Eastern people whose prop
erty we have charge Of characterize the
Insurance rates as the worst sort of hold
up, and with good reason. far they have
to pay . 10 leo per cent. more ON all bust
hsss property than they do along the Al
lantle. Hates are just about double what
they should be an ali the blocks we have
charge %. For Instance, on the Griffith
block ana the building adjoining the Bon
AArcho on Second avenue. both brick
structures, the fate la si.ss. The Bigeiaw
properly on Second avenue pays 2 per
cent. There iA not a building Ia the city
that has rate OF less than sf.ta 10 81
although In Ney York and Massachusetts
the same wona be Insured for 6 and IS
fents, The WalaoEfAst0ria hotai in New
York. a building twelve stories high, pays
rate Of - esnts
Xxx
Jacob Fnrth, president Puget Sound Ma
uohal bafk~Vsth the excellent fire de-
and superior class OF buildings Insurance
rates should be no higher In Seattle than
IN other elites Of jts ssre. III my opinion
The local underwriters haze not fuaae the
effort they should TO have the rates re-
daeed. IL the people generally would so
70 ths eosns1asss In the East. II would
bring these companies to terms. We have
secured reductions in two instances, be-
cause We refused To carry policies at tho
exorbstani rates.
n. IL f-atsmer manager Dexter Horton
bank-The rates fun from q to % Ger cent
than they should and there seems 70 me
Ia be no excuse for this, Here IL the Mar
shall block across the street which ia
bounded on two sides hy streets an ar
other by an alley ard orr the inside has a
dividing brick wall Of dossbse thickness
ana yet the rate ON II IL va when Il
should not be meFe than ~ Goats and the
Webb building pays sLst,
Xxx
]. ID. Hcge. tF.. president First Natsona.
bank always struck ne that with Lake
Washington. Puget sound an.i all The
other water around here and the fine faeEl-
, hlss fas nanallns II. the fire insarsnos
shond he dGne 20 have them reduced. /
am noi a student Of insurance. ard do not
knew the reasen Cor this high levy. bat
There should ha stop 10 IL.
<
Edward G. CAsas:y~yss. the rates are
TOO high, The insurance men know II IN
soristasag We have so carry no matter
.hat tae rate Is, and they "a nor hesitate
u bold as up outrakeogsly, FOR we ear
not &c, cut % paying, pas SIS
Ter S,sa hare wtaseA + - per cent.
more shan under toe Same conditions
The risk 81 light ana there would uot -.
even the average G.fflr4stfv IN fighting a
IRE in this biz-ck N0fhiux TIE psst-fn
saaisssncer ever dAs has Pleased fss -
a 5ss Tta.r4s h.sa So