CONVENTION OF FIRE UNDERWRITERS
Over 400 members and “guests of the Fire Underwriter’s Association of the Northwest met in convention at Chicago on September 29, in the banquet room of the Auditorium hotel, under the presidency of Mr. George M. Lovejoy. In his report Secretary Mumm reported the membership at the beginning of 1895 443. During the year sixty-eight were added. The treasurer’s report showed a total disbursement of $2,427.08; receipts, $2,421.
Many very interesting amusing and practical papers were read, among them one on ” The Evolution of the Jew” by Mr. Dembufsky, an extract from which is as follows:
It has been said that the Jew loves fires. Is this true? In the city of Chicago there about 160 wholesale liquor houses, ninety per cent, of which arc owned by Jews. In the last five years the loss-ratio on this class of business has not exceeded two per cent. I have selected this branch of commerce, Irecause in no other commercial pursuit is the Jewish percentage so overwhelming. The Indemnity Exchange,of Kansas City, annually insures millions of dollars of Jewish property scattered among the larger cities of this country. In all the years since its organization it has never sustained a Jewish loss. Is it necessary to invite your attention to existing conditions in relation to the Jew in fire insurance? Among the thousands of lews engaged to-day in the activities of commerce not one in a hundred has the physical courage to examine his ledgers in order to ascertain, if possible, what material progress has been made within the last three years. In all our history as a nation there has never been a time when values have suffered such cruel depreciation. Notwithstanding the severe experience of these years the Jewish fire loss has never been so low; in fact,the profit on Jewish underwriting has never been more satisfactory. Can you ask for stronger proof of commercial integrity? In view of the unfortunate prevailing business conditions the temptation towards arson has been unusually inviting. There never was a time when the average merchant could better afford to sell out to the insurance company than now; to some extent the crime of incendiarism still prevails, but, if you will take the trouble to scrutinize the reward fund circular issued by the National Board of Fire Underwriters for the month of August, some of you, no doubt, will be astonished to learn that not one Jewish name is included among the many published.