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About Omaha daily bee. (Omaha [Neb.]) 187?-1922 | View Entire Issue (March 6, 1904)
24 TnK OMAHA DAILY BEE: SUNDAY, MAft'CH 0, 1004. ONE . OF --THOEWER' IDEAS Modern DeTelopment of a Pka:t of tha General Princip'e. GROVHTH OF FRATERNAL INSURANCE V. O, Root, Head of the Wood n f the World, Writes of Ilia and Other Benevolent Orders, The present la an era of combination. At no time In the history of the world has there been aa general co-operation in Industrial and business enterprise aa now. It Is a natural outgrowth of the greater, freedom mankind enjoys freedom of thought, freedom of action, accountable only to himself, unfettered by deepots, un restricted by eclealastlcal authority, man plana and executes great undertakings and associates thousanda of his fellowa for laudable purposes. Not tha least of theee Is the fraternal beneficiary system of mutual relief and the bestowal of substantial benefits at the death of any of Its adherents. A large number have boon organised In the United fltatea during the past thirty-five years. At tha beginning euch societies were ridi culed aa "hat passers," their scheme de rided aa Impracticable and the promotera aui cranks troubled with vagaries. Like all meritorious enterprises, they flourished In spite of the declarations of their defamera. Attempted adverse legis lation by the states was fought to a finish. The result has been to win the confidence of the people and even the admiration of the most bitter opponents. Differing materially from the English friMidly societies, which are regulated and restricted by legislation, the American benefit orders have exceeded them In the gree-ter amount of benefits they pay to each Individual; the English societies being limited to 200. Many state legislatures have passed fraternal Insurance laws ac ceptable to the societies generally. Any changes are being resisted In this winter's Cessions by the Fraternal Congress and Associated Fraternities. Woodmen of World Growth. Several beneficiary life lnsurtincef socie ties' have been started In Omaha, the most notable, the Woodmen of the World, promulgated In June, 1890, now having four auxiliary bodies and a combined .member?, hip of over 360,000, with a record of .hav ing paid over $18,000,000 benefits, erected over 10,000 monuments at the graves of Its deceased members .ind accumulated a sur plus and reserve of neirly $3,000,000. The Woodmen of 'the World Owns one of the largest business buildings In the city and employs about 100 clerks, accountants, stenographers, etc. Its printing, postage, express, telegraph and supply expenditures In the city aggregate many thousands of dollars ..annually, 'thus being of material advantage to the'clfy. ' Ambitious promoters have sprung upon n unsuspecting World In this city, the Knights of the Forest. Olsnt Oaks, Busi ness Men's Fraternity, Independent Work men, Atheneum Society, Imperial Mystlo Circle, Sons of Mars, Gardeners, Owls, Or der of the Star and several others which had a brief existence and either faded away like the evaporation of volatile spirits or pipe dreams or became absorbed Into oth ers more substantial. The Royal Achates has attained a foot hold and Is a meritorious order steadily advancing In public favor. The ' Bankers Cnnn of the World 'also originated In Omaha. If has made a record as a merger of othei small societies end has absorbed most ofthe other Omaha bouttlngs as well as quite a number located In other states. At present the Bankers' Union of the World Is having a "little dissension" with the state Insurance department, the out come of which will be watched with Inter est. Omaha People In Defaalt. Omaha people have been somewhat back ward In giving preference to the benefi ciary societies which have originated within the state, of which there are several, deserving confidence. Preferrence haa been often given to societies of other states. Of these no less than over forty have lodges and art, collecting assessments from over 18,000 people resident In Omaha. Thus It is that an average of over $46,000 per month Is being sent out of Omaha to bo handled and disbursed In other states, some of which, notably Massachusetts, Maine, New Hamp shire, Vermont and Canadian provinces, will not permit Nebraska societies to do business within their borders. Omaha, the geographical center of the United States, should encourage the estab lishing and maintaining of every fraternal or life Insurance enterprise willing to make Its headquarters In the city. The facilities for doing this business are unexcelled, the Investment available are Just as safe and will produce greater accretions of Interest than In the far east. Our municipalities must Issue bonds, our school districts are paying higher rates of Interest than east ward and real estate loans are more pro ductive and better security than In less progressive localities. Is It not - better to gather funds from all over the world and concentrate them In our own state than to be drained of our spare 'cash to be Invested and held In trust-elsewhere? I most emJ ifhatlcally,., emphasize the reasonable -and lucid conclusion which' anybody of Ordinary business acumen must agree is Justified. Frpm a business standpoint-the fraternal societies are admirable; there haa been but a small percentage of deterioration of such aa have "gotten on their legs," and no financial failures. From a fraternal view Is a subject too broad to consider In this hurried article. The advantages of frater nal affiliation are too numerous to elabo rate at this time. Omaha Is proud of Its successful fraternal societies and the good work being accom plished. J. C. ROOT. Trans-Mississippi Mutual Fire Assn. Home Office, 315 S. 15th St.; Tel, 595. Omaha, Keb., Dee. 81st, 1903. Business written during tha year ... , $3,141,849.00 Business In force at end of year ........... . 6,463,608.00 Total premiums written during year...... 82.096.88 Total cash collected during year , 63,116.43 Losses paid T. 19,646.67 ASSETS OF THE COMPANY. Cash In, office, bank and course of collection .v.. $14,553.00 ' .' .Notes taken for Insurance T.-;... ..".'......'. iwi..'' 41,71137 Original stock notes t. 21,476.43 ' Office furniture and fixtures , 1,692.63 " ' V: . . ' . Cross amount of all assets of company . $79,415.47 CERTIFICATE OF PUBLICATION. State 'of Nebraska, Offloe of Auditor of Publlo Accounts, Lincoln, Feb. 1st, 1904. It Is hereby certified that the Pennsyl vania. Fire Insurance Co. of Philadelphia, In the state of Pennsylvania, has com plied with the insurance law of this state applicable to such companies and Is there fore authorised to continue the business of fire and lightning lnsuranoa In this state for' the current year ending January 81st, 1906. Witness by hand and tha aval of the auditor of publlo ecoounts tha day and year first above written. CHARLES WESTON, (Seal) Auditor of Publlo Account JOHN I PIKCli Deputy. . CERTIFICATE OF PUBLICATION. State of Nebraska, Offloe of Auditor of Publlo Accounts, Lincoln, Feb. 1st, 1904. It Is hereby certified that the Swea Fire and Life Insurance Co. of Oothenburg, Sweden, has complied with the Insurance law of this state applicable to suoh com panies and Is therefore authorised to con tinue the business of tire and lightning In surance in this state for the current year ending January 81st, 1905. Witness my hand and the seal of the auditor of publlo accounts the day and year first above written. CHARLES WESTON, (Seal) Auditor of Publlo Account JOHN U PIERCER Deputy. : Garvin Brothers Real Estate, Fire Insurance. Loans, Rentals. Tel. 952. 1604 Farnam St. CERTIFICATE OF PUBLICATION. State of Nebraska, Office of Auditor of Publlo Accounts, Lincoln, Feb. 1st, 1904. It la hereby certified that the Kings County Fire Insurance Co. of New York, In the state of New York, has compiled with the insurance law of this state applicable to such companies and is therefore authorised to, continue the business of fire Insurance In this state for the current year ending January list. 1906. Witness my hand and the seal of the auditor of publlo accounts the day and year first above written. CHARLES WESTON, (Seal) ' Auditor of Publlo Accounts. JOHN L. FrURCE. Deputy. CERTIFICATE OF PUBLICATION. State of Nebraska. Office of Auditor of Publlo Accounts, Lincoln, Frb. 1st, 1904. It is hereby certified that The Common wealth Insurance Co. of New York.. In the state of New York, has complied with the Insurance law of this state applicable to aucn companies and Is therefore authorized to continue the business of fire insurance In this state for the current year ending January 81st. 1906. Witness my hand and the seal of the auditor of publlo accounts the day and year nrst above written. .Boftl) - Auditor of Publlo Accounts.' OHN L. PIERCE, Deputy. j ; W. H. THOMAS, Agent, 1 503 First 'National Bank Building, Omaha, Neb t ! ' i MONEY TO LOAN On City Property la Omaha. South Omaha and Council Bluffs. BUILDING LOANS A SPECIALTY. - - i These Days Companies Are Publishing FIGURES UNEEDA POLICY Get FIGURES of G. W. NOBLE 0eneral Agent New England Mutual Life ! ; BOSTON, MASS. Germania Life Assurance Co. .bf NevYorlc; ' . Record for t-.ffy-throo Yaarc. It0-I903. ....r Mi.ssi.eo SU.C96.Ma90 7SUU890 t7t.U8.4Ul.4S sceed by S..5o6.06 Paid to Policyholders and their representatives up to Jan. 1st. 1903 Assets beld'a.a security for policyholders. January 1st, 1M Total Received from Policyholder, up to January 1st. 19ut Showing that the Payments to policy holder, plus the Asset, the Premium, received from Policyholders. THAT'S ALL - Joseph B. Clarke. : . - Manager Nebraska and Kanaaa Pepart tnsnt ' 325 Chamber of CommtKt. Telephone 292 J. . a .!-.' ; . INSURANCE AND THE CITIES Bow Commercial Growth is Affected bj tha Frincip'es loTolred. MILLIONS ADDED TO OMAHA BUSINESS B. II. Roblsoa Point. Oat tfce Great Money Valne of Hon Compa nies and Their Impor , tauce Financially, A metropolitan city, Ilk. a trunk rail way, require, feeder, to acquire business and trade to Insure growth and perma nency. A city whose people chiefly live off each other cannot thrlv.. The growth of Omaha has been retarded by reason of depending tor th. most part on local con ditions, support and trade. Its business interests may be classified In threo divi sions, represented by fifths. It may be estimated tkat three-fifths of the people of the city are represented by labor, professional fnen, artisans and mer chants engaged In retail trad, who, for the most pftrt, draw their support directly and Indirectly from each other's wage, or In come. It la presumed one-fifth of the clty'a In come and trade 1. handled by th. railways, jobber, and wholesale houses, who- are In reality the brokers of th. city, whose busi ness reoohes out Into outside territory and brings In trad, which, to a considerable extent, la handled through the railway of fices, business houses and banks of the metropolis. However, It Is estimated that only about 10 per cent of tho entire gross Income remains for permanent Investment In the city. Approximately 90 per cent goes outside for stocks, materials, trans portation and labor. It. Is supposed one-fifth of the city's In come Is represented by the banks and In surance 'interests. The metropolitan "banks are the clearing house for the other In terests of the city, or the brokers. If you please, to receive, hold and distribute the moneys circulating In ' trade. The law requires the hanks to hold 26 per cent of their assets In cash In' their vaults aa a reserve. The balance of the deposits may be loaned on proper credit, or se curity. When They Concentrate. v Insurance corporations. Ilk. the railways. Jobbing houses and factories of a city, con centrate 'their transaction." In' the- city where their headquarter, are located. Under the law an "old line,' or legal re serve life company, such as the Bankers Reserve Life of Omaha, Is compelled to maintain on deposit about 26 per cent of Its gross Income to meet Its current mortality and other expenses, In addition to the reserve of approximately 60 per cent of the premium and Interest receipts for the protection of lta contracts. State, county. municipal and school district bonds, to gether with high grade real estate mort gages are the only Investments authorized, aside from policy loans secured on the policies of policy holders In the company, Hence the city and state enjoy the bene fits of these investments as a working home capital. Having an unlimited field for gathering In funds for permanent In .stment, an Insurance company extends Its, operations over a wider field and makes tributary to the city a broader area of ter ritory than any other form of local busi ness organization. The importance of home Insurance com panles, fire, life and accident, cannot be overestimated In any general view of the resources for business growth of any com munity. In Omaha our people have not tilth' erto fully 'appreciated this great economical 4ru$h. Omaha 'is the center from which ra diate the commercial tentacle of several great and growing fraternal beneficiary associations, several strong fire companies and the Bankers Reserve Life company. These several Institutions combined gather. distribute and Invest In securities a larger aggregate sum of money than any casual observer comprehends. It Is only a ques tion of a few years when they will add more cash to Omaha clearing, than any other set of local Institutions, and when a single company will occupy a larger space In the commerce of tha city than th. strongest of our banka. There la no reason why Omaha should not be to the west what Hartford Is to New England, the great Insurance center of tha richest part of America. Bankers' Rcierrs Life. In reply to your Inquiry, "What of th. growth and future of the Bankers Reserve Life company, with request for a brief out line of its history," I am pleased to state that the company waa Incorporated In 1897. In the brief apace of six years has placed on Its books $5,000,000 of . business on the Uvea of- the leading cltlzena of Nebraska and during the past year haa extended Its operations to ten outside states and now has in force over 17,500,000 first-class busi ness on the old-line plan- The premium Income for 1908 exceeded $250,000 and on December 31, 1904, It Is estimated the In come will Increase th. assets to approxi mately $500,000, or a half million of money. The field staff or commercial traevlera of the company are now pushing Its opera tions from Canada on the north to th. Gulf of Mexico on the south and from t,he Mis sissippi river to the Pacific ooast. For ex ample, the premium Income was 136,003 from South Dakota for 1903 and will ap proximate $50,000 this year. Th. company will In the future doubtless employ more agents or representatives than the com bined wholesale ar.d Jobbing Interest of the city and will contribute to It. adver tisement and will make th. city known wherever lta representative, go, and .very ablebodled man and woman In the land may become .a prospective .customer - or policy holder of the company. - My enthusiasm for life Insurance may b. pardoned. I have devoted the best year of my life to the business. I know that Omaha is the center for life Insurance of an Incomparable territory. Extending In every direction Is a populous, rich region. Inhabited by the healthiest people on the continent. The conditions for successfully developing a life company are Ideal. The success of the Bankers Reserve Life dur ing Its brief career Is a guaranty for the future. We write the best and safest known form of liberal, up-to-date policies. Our business Is based upon the solid foun dation of the experience of all the Amer ican companies. For protection and for In vestment the Banker. Reserve Llf. chal lenges the world to offer anything better, more secure or more profitable to ths In ured than the policies that company writes. It Is an Omaha company, officered by Omaha people, anchored to the future of Omaha and a patron of Omaha banks snd business men. It asks no favors, but ex pects Omaha people to appreciate lta Im portance to Omaha and to govern them selves with thst form of Omaha patriotism which Is essential to Omaha prosperity, . . B. H. ROBIBON. 1 1 C7 lit imMittMiitiiuMinmntniMiitiiiwnnmtmi tiMMwnMitniHiiiiiMiaiiiiiiiiiiiniiiiiiniHum SAFE anptuimtiittimiiiiimiiiuiHiimiiiinniiuiii kauiMitiuiimiiMitMiiii'MniuriiimmmtiHiiiij at ' -m B m m m staaaaaaassn. n ii ii si ii 1 1 ii 1 1 aj 11 ii u II aaaslalallaani W aw m ti I I I n ) ' i ft I i MSHftWH IS u ill LmM l i t-i i i ii sans i ii a u ii ii ii n i i nsss, t i a 1M llinM!imilMWMI"MOIHm"miifl IlllliullllliiiiiiMitMtiiiiaiwnHaHumnNiiiil 0UMD minitiuiumimn'MiiwM"i"iiwnul funinmii'iMiwliiiDniMii)wiinniuniim Merchants National Bank OMAHA WEB. Telephone 29. Certificate of Publication StstaolNebrsska Office of Auditor of Public Accounts Lincoln, February let, 1904. It Is hereby certified, that the State Fire Insurance Co. c-f Liverpool, In Kngland, haa complied with the Insurance Law of this State, applicable to such companies and Is therefore authorized to continue the business of Fire and Lightning Insurance in this State for the current year ending January 31st, 19(6. Witness my hand and the seal of the Auditor of Publlo Accounts, the day and years first above written. CHARLES WESTON. Auditor of Publlo Accounts. JOHN L PIERCE. Deputy. Certificate of Publication , Stste c Nebraska Office of Auditor of Public Accounts Lincoln, February 1st, 1904. It Is hereby certified, that the New Hamp shire Fire Insurance Co. tft Manchester, In the State of New Hampshire, has compiled with the Insurance Law of this State, ap plicable to such companies and la therefore authorized to continue the business of Fire and Lightning Insurance In this State for the current year ending- January 3l8t, 19i6. Witness my hand and the seal of the Auditor of Public Accounts, the day and year first above written. CHARLES WESTON. Auditor of Public Accounts. JOHN L PIERCE, Deputy. Certificate of Publication Ftste el Ncbratks Office of Anditor of Public Accounts Lincoln, February 1st, 1904. It Is hereby oertllled, that tho Victoria Fire Insurance Co. of New York, in the State of New York, has complied with the Insurance Law of this State, applicable to such companies and is therefore authorized to continue the business of Fire and Light ning Insurance in this State for tha cur rent year ending January 31st, 10. Witness my hand and the seal of tho Auditor 'of Public Accounts, the day and year first above written. CHARLKS WESTON. Auditor of Public Accounts. JOHN L PIERCE, Deputy. Certificate of Publication Stats ol Nebrasks Office of Auditor of Public Accounts v( Lincoln. 'February 1st. iM. It Is hereby certified, that the Springfield Fire and Marine Inmirance Co. of Spring field, in the- State of Massachusetts; haa oomplld with the Insurance Law of this State, applicable to such companies and Is therefore authorized to continue tho busi ness of Fire and Lightning Insurance la this State for the current year ending January 31st, 1905. Witness my bund and th. seal of tho Auditor of Public Account, the day and. year first above written. CHARLES WESTON. Auditor of Publlo Accounts, JOHN L PIERCE, Deputy. WMMnc . Overtook It. "Deer air," tho genera) manager of the fire Insurance company wrote to the local agent, "a few weeks ago your negligence In falling to notify tho owners of a large office building that their Insurance was about to expire and to solicit them to rein sure loot a customer for us. and wo gave you a month's notice to And another situa tion. Inasmuch, however, as that build tug waa burned day before yesterday we have decided to recall the notice. Wt win over look th. offense this time but don't let It happen Main." Chicago Tribune. Note the Assets of Our Companies Total Baltimore Losses for Three Companies - - - $450,000 A DROP IN THE BUCKET . COMPARED WITH THEIR ASSETS Aachen and flunlch Fire Insurance Co $7,737,566 Westchester Fire Insurance Co 3,447,004 nilwaukee flechanlcs Insurance Co 2,926,281 Total... $14,110,851 Insure in Companies that pay their losses. That's us. KENNARD & LOWER, , Telephone 397. - 309-10 Brown Block. United States Health . Accident Co. Saginaw, Mich. - Business Established 1891. $200,0.00.00 Deposited with the State Treasurer of Michigan for the security of all policy holders. Writing all kinds of Accidents and Health Policies. Over 2,000 claims paid monthly. R. Ii. LANDERYOU, Manager. 442 Board ot Trade. Tel. 2111. wanrce runo im Assoc a on I - of Omaha. BEE BUILDING 0.V.AHA, NEBRASKA, Guarantee Fund System for Safety. Reserve Fund for Protection. Securities with State Department, to Protect Contracts. Low Rates. Conservative Methods. The Most Desirable Pure Life Insurance Contracts Written. I) Will Pay You to Investigate Our Plan and Methods. MWH - LVE I: For HI Protection tt Low Cost what do you tltlnk of this? G. A. Lulkaxt, U-ta Pres. of Citizens National Bank of Nor folk, Web., recently klllfd by accident, took out policy No. 147640, for I10 00O, at age 46, with '"The Penn Mutual." Fifth 7ar premium was 1113.42. Cost only 114.00 per ll.OOO Ins. v SEE FOSTER - IIEE k 522 Bee Building. . 'Phono 1M.7. ' CERTIFICATE OF PUBLICATION. Stats oi NeDikn, Oltlce ol Auditor ot Public Accounts, Lincoln, Feb. 1st, 14. It Is hereby certitled that tlis l'henlx In burunco Co. of Brooklyn, in the stat. of New York, has complied with th laiur anco lnw of this suite applicabla to such companies and Is therefore authorised to continue the business of fire and lightning insurance In this state for th. currant year ending January 81st, 1906. Yvllnuaa my hand and the seal of th. auditor of public accounts ths day and year lirut abovp written. x . CHARLES WESTON. (Heal) i Auditor of Publlo Accounts. JOHN L. PILKCB, Deputy. The most liberal contracts will be meide with solicitors of ability and integrity, TIio Columbia Fire Insurance Co., OF OMAHA. The largest Fire Insurance Company ever organized' in the middle west. Surplus io policy-holders December 31J903, $40 J S99.93, Not a dollar of assets invested in Real Estate. Not a dollar of assets loaned on City property. Not a dollar of assets loaned on collateral. Not a dollar of past due paper. Niiiey per cent of its assets available on call. This Company s liability is distributed in such a way that the worst that could possibly happC7i in the shape of a conflagra tion could not affect its stability. Home Office. Ground Floor N. Y. Life Bld. D. E. THOMPSON. President. Telephone 4SI. C. D. MULLEN, 5ec'y- C O. TALMAQE, Ast. Sec'y. CKRTIFICAT15 OF PUBLICATION. Bute , of . Nebraska, Office of Auditor of Public Arcoums, Lincoln. Feb. Int. 1D04. It is hereby certified that the Columbia Kir Insuruuce Co. of Omaha, In the stats of Nebra.ka, has compiled with the in surance law of this suite applicable to Much companies and is therefore author Iced to continue the bunlr.axe of fire and lightning and cyclons, tornado and wind storm Insurance In this state for ths our rent year ending Jsnuary SlHt, IMS. Witness my hand and the seal of th auditor nf publlo accounts the day and year first above written. CHARLRB WK8TON. (Seal) Auditor of Publlo Accounts, . JOHN L. PIKRCK. Depnty. CERTlFtCATK OF PUBLICATION. State of Nebrauka, Office of Auditor of Publlo Accounts, Uncolii, Feb. l.t, 14 It Is hereby certified that (he Oermnn Mu tual Fire Insurance Co. of Omnh.i. In the state of NebraHka, has compiled with th Insurance luw of this state applicable to such companies and Is therefore authorise to continue the business of fire Insurance in this ptate for the currant year eiullna; January 31st. 19H5. Witness my hand and the seal of ths auditor of public accounts the day and year first above written. CHARLKS WKSTON. (Peal Auditor of Publlo Accounts. JOHN L. PJKKCK, Liputy. BUCKINGHAM CLUB W (I it 1. 1 Is FA I It. OT. LOt IS Member. hip and Reservation Mats Ko' Open. Club Building new snd strictly fire proof, fronting on Forest Park, with 3il) huuiiKoniely furnlnhed suites of roomo, for the exWunive Use of mem bers and their families. Will open April 30th, l.o4. People of lilKh social and business standing-, desiring- the best accommo dation in St. Louis durliui their visit to the World's Fair, are Joining (he Club. All applications for membership muHt be approved by the membership committee. The Hoard of Directors of tlila t'lub is composed of ths most prominent business men of St. Louis. If interested, send us your ntme and addreM, with references, and club book and full particulars will be fur nlnhed you. Early attention Is Im portant as only a limited number ot members will lie accepted. HKKrJIlKrfc:!! Hon. U. B. Kran. rl. Pre.Meat ltol.lana Purchase Kxpo.ltlOB Co. and every Bank or Treat t'o. la St. Louis. BUCKINGHAM CLUB, ST. LOUIS. NO CURE NO PAY akv m-vJt, wmJs org u, lost power r w4tuiaf drain, lb funoti Vu ltesA bvvajiofwr will ratio re yon. PO. L fr-ftud .writ for fro MrtlculAi-aV v . afci-w at .ted la plaia yWa. THE . itll t0., 110 Sjam Hwh. Otiiw, C4 TWENTIETH CENTURY FARMER Tho Uest v'arnt Paper. n