Pine Bluff daily graphic., 1903-03-02

The Little Rock Gazette Of Sunday
has the following on the fire insurance
situation in Arkansas:
The fire insurance situation in Ar
Kansas is in a chaotic condition, view
cd from any standpoint, and no one
IN this section knows just which way
the cat is going to jump. The insur-
ance year expired last midnight, and
NO company which has not filed it's an
nual statement and taken cut license
for 1903 can accept risks in this state
until that requirement of the present
Insurance law is complied with. Very
View of the $4,000 bonds expired yes
terday, but number will run out
during the week.
One thing is certain. judging from
kilograms received in this city yester
day by agents from their New York
ually, the New York companies now
doing business in Arkansas will with
draw from the state the moment the
isKink bill is passed by the house or
the Keel bill by the senate. They will
not wait for Governor Davis to sign
the bill, nor will they continue to &C
@the constitutionality OF it. They will
simply cease to do business in this
state and policies in foreign companies
8on property in the state will be writ
ten in Memphis and mailed to the in
snred. Even then. no representative
Eof the company will be allowed to
I'll The question which the homo com.
panies have had under consideration
for several weeks past is whether they
should withdraw from Arkansas with
close OF the insurance year and take
out no license for the year beginning
farch 1. 1908, or whether they should
xake chance on the bill not passing.
take ord the new license and accept
risks ,lb t5such time as it became GER
xain, beyond all doubt. that the bin
would become law. Sixty days from
The day the governor signs the bill
nil insurance writing in Arkansas must
stop, except by companies which take
mot belong to a rating bureau. If
Rcompany cannot make the affidavit
~ cannot do business. AS ali the for
NSeign companies are members of rat
ling bureau, they could not make this
N Dir Mdavit, unless they withdrew from
that association When the bill passes.
sDed in sixty days, and it is not dis
N cretionary with them whether or not
Skthey shall continue in the state, unless
a&they withdraw from the rating bureau
NJ Ul~ to yesterday afternoon all but
n Ssseyen companies had filed their an
y 1ual statements with the adutor, those
" companies being the Continental, Fire
81 Association. New Hampshire. Nation
# Al, Orient, Pennsylvania and Scottish
a Union and National. OF those COM
IN panies all but the Continental are rep.
~ resented in Arkansas by Trezevant &
NJ Cochran, of Dallas, Texas. They wir-
cd yesterday that their statements had
been forwarded by express and the
4 Continental wired that it had mailed
II fts statement. Therefore, it will be
VI seen that all companies have. in reali-
n ty filed their statements. though all
have not paid their taxes for the past
year.
However, they may both file the
otatement and pay the taxes and yet
Not be able to do business unless they
d have taken out a license. Up to last
. night there were twelve companies
NJ which had not secured licenses and it
was stated that of those, six had posi-
@tively announced that yesterday was
&ktheir last day in this state. The gener-
Al agena will not admit such to be
the fact. however. and said they We're
waiting to hear from a meeting being
held during the afternoon in New York
at which it was expected that definite
action would be token.
In almost every case, the annual
Statement has been fled by the general
hgent and the new license secured on