In May, 1819, rates appeared to have stirred up the Salamanders, for the following was adopted on motion of Mr. Printard, of the Globe: "That a committee of five be appointed to revise the preset rates of premium, and the regulation of the Fire Insurance companies with a view to have the same printed, and the said committee report at the next meeting." The committee consisted of Messrs. Laight, Eagle; Pintard, Mutual; Underhill, Fulton; Harris, Washington; and Lawrence, Merchants'. August 6^th, a report on rates and long term policies was made. In it the following:

Say the premium or one year is $100
A present payment of 98.45-$100 payable I year hence.
A present payment of 87.34-$100 payable 2 years hence.
A present payment of $81.62-$100 payable 3 years hence.
A present payment of $76.28-$100 payable 4 years hence.
A present payment of $71.29-$100 payable 5 years hence.
A present payment of $66.33-$100 payable 6 years hence.

By this calculation a person insuring for 7 years, #100 yearly premium, would pay $576.75, whereas by the present rate he pays $600.

The committee therefore recommended tht the following discounts should be allowed, which are, fractions excluded, in conformity with the above principle, viz.: for two years, 3-1/2 per cent; three years, 7 per cent; four years, 9-1/2 per cent; five years, 12-1/2 per cent; six years, 15 per cent; 7 years, 17-1/2 per cent.

Insurance made for a shorter term than one year will be charged as follows:

For nine months, 7/8 of the annual premium.
For six month 3/4 of the annual premium.
For five months, 2.3 of the annual premium.
For three months 1/2 of the annual premium.
For two months 2.5 of the annual premium.
For one month 1.3 of the annual premium.
The classes of hazards and rate of insurance were: