Newark evening star and Newark advertiser. [volume] (Newark, N.J.) 1909-1916, 1910-12-01
AWARD SCHOOL
INSURANCE To
LOWEST BIDDER
Board Reconsiders Former Acc
ti0n and Makes Contracts.
Seeks Lower Rates.

AS Z result OF che reconsideration Of
the fire insurance awards, covering
policies on the different school prop
erty in the city. the Board of Edu-
cation at q special meeting last night
acted favorably upon the recoi lenda-
ton of the boards finance committee
and awarded the contracts to Joseph
A. Wright and Daniel NJ. Faulkner,
their bids being the lowest on the DIFF
ferent forms OF insurance involved.
The business was placed for one yea
only. and covers property valued at
s2,191, SEQ. Originally it was intended to
carry $3.50, 600 Of insurance, but It was
shown that during the past t~hirty-fve
years the fire losses have amounted to
only about 800, while over $4,000 has
been paid In premiums.
As this fact established the school
property as an excellent risk, it was
decided to cut the amount OF insur-
ance to the lowest point Of safety ard
for that eason nearly $500, 900 was cut
from the original amount figured on.
OF the s2,191,s 800 placed Mr.. Wright
secured s1,14S,2o0 and Mr.. Faulkner
s1,04s, 500. Although 1t was at first In
tended 10 place the business for three
years. it was decided at the last
minute to renew the insurance next
year, with the hope that the rates will
be lower.
The premiums on the l.: surance
placed last night amount to So, 4S7. lie,
which is $1,000 less than las. year. II
was explained by Commissioners Tay-
Tor and Taafe that their reason for
voting against the award OF the con-
tracts to the lowest bidders at the last
meeting OF the finance committee was
due TO a desire to see IL lower rates
could not be obtaind.
Award Contract ON Merits.
It has since been found that this was
out Of the question, and II vas decided
to make the awards on the merits of
the bids submitted.
The successful bidders were asked to
place as much Of the business with
local companies as they can, bu in
this particular they will not be
hampered by any fixed conditions, and
h insurance can be placed IN any
company where 1t can be disposed OF
to the best advantage.
The companies named by Wright
and Faulkner in their bids did not
include the three local companies, and
the opinion prevailed among the mem
hers OF the board that tie local con-
Germs could hardly expect much of the
business after their refusal to recon-
slider the rate question.
About a week 6 the three conf
panies heated in this city were asked
Ito issue binders on tho echocl .nsur
ance until the contracts were fwarded
This was done and a tentative ar
rangement was made whereby the
school property was protected for if
teen days, the cost OF the binders
amounting to 81, 700.
1t was pointed out that this could
have been saved if the award had
been made at the time the bids were
first considered.
In this particular the delay has been
a costly one, and while the insurance
will cost less in actual premiums for
the coming year, the board will really
have to face a larger outlay, when the
cost Of the binders is taken into con-
sideration.
other Routine Business.
George Conlon, janitor of the
Eighteenth Avenue School, was dis
missed from office, it being claimed
that he was lax in his duties and in
efficient.
The matter Of new schools was also
discussed, and 1t was thought that
something should be done Immediately
in the section at present cared for by
the Arlington avenu and North Sew
enth Street schools The Camden
Street, Washington Street and Chestnut
Street schools were also considered,
and II was deemed advisable to erect
new schools in these sections.
The Sussex Avenue, johnson Avenue,
South Market Street and Hawthorne
Avenue schools were also considered,
and new buildings Will probably be
recommended in addition to those al
ready in these neighborhoods-
A tour of inspection will be made at
an carly date, and sites will be looked
over for the schools which the board