The log cabin Democrat., 1913-11-29
new INSURANCE
RATES IN FORCE
RFADJUSTFDFOR CONWAY
MANY CHANGES MADE. RUT
RATES AS A WHOLE SAID TO
BE LOWER.

| he new schedule of fire insurance
rates for Conway, as fixed by the Ar
kansas Actuarial Bureau, the forma-
ton OF which was authorized by the
last legislature, has been received by
local agents of the various companies
doing business in this state. and is
now IN effect here. The rate on al
most every risk in the city is changed,
some being substantially lowered and
others greatly increased, but it is
claimed by one Of the leading local
agencies that the premiums for the
city as whole will aggregate less
than under the old rates.
Since the enactment of the Davis
antitrust law several years ago, no
rating bureau has been permitted to
DO business in this state, and insur-
ance rates have been largely fixed by
competition between local agents. The
installation of the waterworks system
in Conway two years ago resulted in
reduction in insurance rates averag-
ing about 20 per cent and since that
time fiat rate of from $1.OO to S1,5O
on business establishments and S1.OO
on residences has been in force. The
section of the antitrust law forbid
ding insurance rating bureaus was re-
pealed by the legislature of 1913 and
since that time this city has been vis-
tied by number of insurance experts,
who have made thorough examina-
ton Of each building in the city.
The data secured by these experts
was passed upon by the Actuarial Bu-
reau, which has fixed the rate to be
paid on each piece of property, and no
agent will be permitted to write in
surance for less than these rates. Un-
der the new schedule some business
property paying heretofore $1.25 per
hundred has been reduced as low as
Sc cents, while frame wagonyards
have been raised in some instances to
$3.50 per hundred, end practically ev-
cry business house in the city has a
different rate, owing to its fire hazard
as passed upon by the inspectors.
The base rate on residences has
been reduced from 81 to 80 cents per
hundred. A frame shingle-roof resi-
dence, for example, occupied by the
owner, situated within one-half mile
of fire hose house and within 500
feet from fire-hydrant, and having
solid foundation of stone, brick or
concrete and having all fues built
from the ground up, takes a rate of
80 cents per hundred. A brick resi-
dence meeting the above conditions,
takes rate of 65 cents, and where it
has tile or slate roof, takes a 55-
cent rate.
The fact that the fire limits ordi-
nance is not enforced and is ineffec-
tive and that there are no general or
dinances governing explosives, volatile
oils or electric wiring is commented
upon in the report of Inspector w. c..
Brown, who visited Conway in Sep
tember. Mr. Browns report on the
waterworks system and the fire de-
partment follows:
"Waterworks-Supply Cadron creek.
Combined direct and gravity pressure
system. Average daily domestic con-
sumption 10000 gallons. Pumping
capacity, 777,6OO gallons per "a hours.
Two units. Reservoir capacity, 475,-
900 gallons, elevated 1873 feet above
main business section. Pumping and
reservoir is 46 per cent of maximum
daily domestic consumption, plus es-
timated fire flow and 92 per cent of
standard required for fourth-class.
Domestic pressure, so pounds, fire
pressure 80 pounds. Mains in princi-
pal business section 10, and inches.
Fire Department - Twenty seven
men, chief and assistant, all volun-
teers. Three hand hose carts located
at three stations. Fifteen hundred
feet of l-2 inch cotton jacket hose.