The weekly Iberian. (New Iberia, La.) 1894-1946, 1914-04-18
INSURANCE.


mission Council, Il proposal for fire
insurance policies covering the
Electric Light, Power and Water
Plant of the City of New IBERIA.
Complying with this request We
submitted written proposal for
this insurance, which, 1t will be
noted from the subjoined letter of
MIR. J. 2. Suberbielle, Trustee of
Finance, was at an average rate
of seventy nine cents per 800. on
the buildings and machinery com
prisng the plant.
The Council having seen fit to
reject this proposal, and instead,
to award the writing of the great
er part of the insurance TO an
agent, whose offer was at eighty
cents, we deem it proper to ask
that you publish the following cor
resp0ndence had relative to the
matter.
New Iberia, La Apr. Is, 1914.
Messrs. Sharp Il Nuckolls,
New Iberia, La.
Gentlemen: Referring to he pro
posal submitted by you for iUsur
ance on the Light, Power aud Wa
ter Plant, the Trustees went over
this matter very carefully this
morning and l was directed by
them to advise you that they will
make no change IN the insurance
covering this property, as present
ly written by the Agents to HON
the business was given. The cOsi
OF this insurance to the City, as
awarded, is sl57 80, and as your
bid for the same amount of insur.
ance, taking the average rate of
seventy-DiDe cents, as you have
figured it out yourselves, amount
ed to Sl5S 90, it is obvious there
fore that we have secured this in
snrance at cheaper rate than you
could have furnished it under
your proposal.
Yours truly,
j P. SU BERBIELLE,
Trustee of Finance.
New Iberia, La April 15tb. III
Mr.. J. p. SuberbIelle,
Trustee oil Finance,
New Iberia, La.
Dear Sir: We are in receipt of
your favor OF even da:e stating,
that after consideration of the
proposals for insurance submitted
10 the Board of Trustees, you
were instructed by them to inform
US that they would make no
change in the award made by them
of the business to other agents.
You further. very properly
state, that our proposal for this
line of insurance being at seventy
nine cents, our policy of twenty
thousand dollars would have cost
the City 1853 CO. But would not
Mr.. AIphOnse Davis policy for
this amount, Ito whom you award
ed the bulk of the business) have
cost the City $160 90 at the rate
Of bis proposal of eighty cents?
You also very properly state
that the City secured the amount
Of twenty thousand dollars of in.
surance for s157 80, which was
made possible by Mr.. Weeks, pro.
posing to wlite five thousand dol.
lars Of the amount for $37. so and
your giving to Mr.. Alphonse Da
Wis tho remaining fifteen thousand
for $3.50. 90, or at rate Of eighty
cents. II the fifteen thousand
dollars written by Mr.. DAVIS for
1920 % had been awarded us un.
der our proposal 1t would have
cost the City S11S 80; and giving
to Mr.. Weeks the Five thousand
At his bid of s37 so would have
made the total Cost to the City
under our proposal $l56 90 for the
twenty thousand dollars of insur.
ance. Is this not less tIan the
1857 so you paid for iif
These figures are 80 plain that a
running IMAM can read them, and
unqnestloDably bear US out in the
statement that our proposal was a
lower one than that of MIR. Al.
phOnse Davis to whom yon gave
the bulk of the business. In
plain language you gave him the
business at eighty cents, when our
proposal was at seventy nine
cents. Of course the proposal of
Mr.. Weeks for the five thousand
was lower than the proposals of
either Of us, but as the next low.
est to him, we we're certainly emit
tied to that portion of the bust
ness he was unable to handle.
Trusting that the Council will
reconsider their action in this
in order that they MAJ
not be placed in the position OF
treating unfairly those who were
invited by the Board to make
these proposals for insurance, we
are, Yours very truly,