Addresses as President of the National Board of Fire Underwriters of the United States: On Several Occasions, 1871-76

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Page 17 - States, shall be assessed and taxed on the value of their shares of stock therein; said shares shall be included in the valuation of the personal property of such stockholders in the assessment of taxes in the tax district where such bank or banking association is located, and not elsewhere, whether the said stockholders reside in said tax district or not.
Page 18 - ... as shall be necessary to pay any taxes assessed in pursuance of this act, until it shall be made to appear to such officer that such taxes have been paid.
Page 18 - For the purpose of collecting such taxes, it shall be the duty of every such bank, or the managing officer or officers thereof, to retain so much of any dividend or dividends belonging to such stockholders as shall be necessary to pay any taxes levied upon their shares of stock, respectively, until it shall be made to appear to such bank or its officers that such taxes have been paid...
Page 14 - ... for the flames. Under the same condition of things, it would have been impossible to prevent an American city from being wholly destroyed. The President of the National Board of Underwriters, in his address at the opening of the Annual Convention of the Board, on the 23d of April last, said : — " Owners of property, builders, and architects alike seem to have been wilfully blind to the immense risks they were imposing upon property by the modern style of building, which, without even beauty...
Page xxvi - ... the following resolution: "Resolved, That a Committee of five be appointed by the chair, to...
Page 15 - We can do much to shape legislation that would benefit not only our own interests, but the whole country, by securing such wise and salutary laws as might prevent the recurrence of other destructive conflagrations.
Page 17 - no tax shall hereafter be assessed upon the capital of any bank, or banking association, organized under the authority of this State or of the United States ; but the stockholders in such banks and banking associations shall be assessed and taxed on the value of their shares of stock therein.
Page 38 - SIR:— I have the honor of acknowledging the receipt of your letter of the I3th instant.
Page 18 - For the purpose of collecting such taxes, and in addition to any other law of this State, not in conflict with the Constitution of the United...
Page 30 - ... themselves. I give its leading points in his own words and with his own arguments : " The occurrence of two such disastrous conflagrations, within so short a period, as at Chicago and Boston, turned the attention of thoughtful underwriters to this question : Is there not some feasible plan whereby the insured can be made safe, and companies can be made strong ? This became almost a vital question to insurance interests. Capital would not insure unless it could be made profitable ; and the insured...

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