Show INSURANCE CON VEriTION Now York 20Afet recees Chard of the California companies made an address on cooperation which he supplemented by offering the following follow-ing resolutions which were referred to the commettee on business Whereas Of late years insurance capital baa been the subject of pe aistent unjust oppressions especially in the direction of hostile and uuwte legislation past and contsoipUtoJ andWhereas Whereas This interest baa also I suffered suf-fered enormously by reason of nmt of confidence ana ccoperatou between be-tween underwrites thus engendering reckless and toooten scoreless competition com-petition and Whereas The natural and material interest of the country imperatively demand a stable and prosperous condition con-dition of insurance capital be it therefore Resolved That in the judgment ol this convention all who are in charge of insurance interests should recognize recog-nize it as a personal high public duty to encourage by all possible fur means a spirit of fraternity end cooperation and unity of sentiment between all underwriters to the bud that public and private interests way bo conserved and insurance companies compan-ies themselves saved from impending destruction Peter Natman of Niagara delivered de-livered an address on the situation and was followed by 3 Bloden of British America on incendiarum He offered a resolution which wan referred to a proper committee that tho convention pronounce itself decidedly de-cidedly against the system of incur ance profits as subversive and moat destructive to the interests of the insurer in-surer and the insured Diiggs of the Willianuburc City Insurance Company made some remarks re-marks on the prejudice of the judiciary judi-ciary and Henry A Oakley ot toe i Howard Insurance Company spoke on state deposits Oowardbn of Richmond Vs ofiered a resolution providing for the appointment of a committee to report I as speedily as possible suitable laws I for a national bcaid of fire underwriters under-writers Alfred G Baker president I of the Franklin Fire Insurance Company Philadelphia moved the matter be referred to the business committee Hope of the Continental hoped no action would be taken in the matter There WEB a naicnal l board at present in existence and they did not want two national boards He suggested hat this body be organized or-ganized into a permanent ant and that tho committee on organization should report suitable bylaws and constitutions for it government at the session tomorrow Cowarden accepted this amendment and it was adopted Richmond made some rtmarks as to the expediency of the convention devoting less of its time to legislative measures and moro to other subjects equally as important to insurance interests in-terests Adjourned until to morrow |