THE OMAHA DAILY . BEE: SUNDAY, . MARCH 12. 1003
19
(
INSURANCE AN INVESTMENT
Life Policy Often the Best Asset Mao
Can Hate.
NOTABLE LOCAL EXAMPLES OF THE RULE
8. R. Goal CHm loac Omaha Cmi
4 Pr that Ufa laaaraaca
la tardy a Geo Iart
teat. When you ask a man who ha lived In
Omaha twcnty-nin year to say mm
thing about "Ufa Insurance a an In
vestment" you aiva him a aubject of pe
rls! Interest t evry man. woman or
child, and a subject equally of Interest to
the state and nation; Of Interest to men
hecaus they want, in case of early death,
a sufficient fund left In mfe hands for
the support of their wive and for the
education and start In life of their eons
and- daughters; If unmarrier, they are In
terested In accumulating a fund In safo
hands for their own old aae; of Interest to
the wives because on them foils a double
responsibility In case of the early death
of the husband; of Interest to the woman
who does not care to marry, because by
the endowment policy she makes herself In
dependent In later yean; of Interest to the
young man, because having to pay for an
endowment policy teaches him thrift and
economy and gives him a fund at the ma-
. turlty of his policy that may save his
estate from ruin; of interest to the child,
because how else If the father should be
unfortunate can he or she receive the ad
vantage of a modern education or be
kept from a department store clerkship;
of Interest to the state and nation, be
caunce through "life Insurance as an In
vestment" hundreds and thousands of peo
ple have been and are belng-kept from
penury and want, and Incidentally brought
to a higher and better citizenship.
tome Omaha Instances.
)t us trace tho financial careers (of
tradesmen on South Tenth street and up
Karnam for a few years past. Near the
old "cowshed depot" of years ago was
Drugxlst Bell In those days making a
bushel of money. Ask him, as he waits on
you with hi alwaya-the-same-pollteness In
his present store on Fa roam, if he doesn't
wish all his profits of early years had
been placed In life Insurance.
C. F. Goodman, another leading druggist
quoted In his day worth $250,000 dead;
his estate Insolvent.
. Henry Pundt, one of the early leading
grocers quoted financially perhaps as high
a Mr. Goodman dead; estate Insolvent.
If each had placed a moderate amount of
his Income In life Insurance, and not
hypothecated his policy, would not their
families have said 'life Insurance as an
Investment" Is a good thing?
Meyer Hellman quoted easily In his day
' vorth $600,000 dead; estate Insolvent,
. btttf'hia family is reported to have received
$00,000 of life Insurance, thus making them
independent.
The late Bt. A. . Balcombe. In about
1867, took some $3,700 and with It pur
chased a "single payment" policy for
$10,000 being a large premium and a large
policy for those days and has often told
me that no transaction of his life gave
him more satisfaction than to think, come
what may, his family would be sure of
$10,000 In cash. During the panic of lsfij,
when no bank would lend a dollar, he
thought he might immediately need $4,000
t and requested the agent of the company
carrying his Insurance to writ the home
office, asking reply by wire. If they would
loan that amount upon his policy as se
curity. . "Tea $4,000 and at once, and more
if needed," was the telegraphic reply.
However, It turned out that he did not
need to borrow, but what m satisfaction It
was to know that when banks were abso
lutely , refusing to loan on any class of
security, that there was money to be had
from the life Insurance company. If
Insured you will go to the same good
place he la lh; ask him if "life Insurance
as an Investment" did not well pay him.
As a Business Proposition.
Tell me the name of more than one man
on Tonth or Farnam In business today who
was In business when I came here in l7tt.
Bince the old and honorable firm of Dewey
4 Stone has concluded to retire, Samuel
Burns is the only one. This only goes to
prove Dun's and Bradatreefs statistics
true, vis, that at the age of 65
but three men In a 1,000 huve a
competency, and yet only a few days ago
a leading lawyer said to me: "I don't
nerd any Insurance company to tell me
where to Invest my money." Ten chances
to one he will All a pauper's grave; but in
surance as an investment will be purchased,
notwithstanding his opinion. Why? Be
cause the people generally believe In the
honesty and integrity of those controlling
old line life Insurance companies. They
believe in the Integrity and ability of those
administering these trust fund, and it
goca without saying that it tukes the very
highest kind of executive ability to manage
companies with not only millions of assets,
but to carry out also the plans for writing
new business each year and to keep a force
of the right kind of lieutenants about one.
Now, how much are you willing to pay
the president of the. company you are in?
The president of either of the two largest
banks In this city lias how much saiury?
I da not know, but If either of them receive
less than $10,000 per year they had better
quit their Jobs, for if they are not worth
that amount to care for and invest $8,0u0,ooo
of deposits, then to be a "banker" Is no sou
snap. I have heard some agents of smaller
companies urge that $100,000 as the salary
of the president of the largest companies
is too mucn. is it? If Hon. J. II. Millard
Is worth to his bank per annum $10,000, If
Herman Kountse is worth that to his bonk,
and I want to say If I was the power to
name the salary It would be' more than
that, and each of them cares for $8,000,000
of trust funds, how much ia It worth for
Richard A. McCurdy to care for $Ml,000,ooo
for the Mutual Life? How much for
James A. Alexander to care for $116,000,000
of the Equitable? How much for John A.
MoCall to oar for $WI,000,000 of the New
i'ork Life? How much for Hon. John F. Dry
den and Leslie D. Ward of the Prudential
or a Samuel R. Shipley for the Provident
Ufa and Trust? Why do I mention only
these companies? Because by Innuendo and
Insinuation a "frensled financier" has en
deavored to smirch their reputations, while
the man who Investigates carefully all the
necessary phases of the life insurance
question knows that "life insurance as an
Investment" has reached a development
through these companies and othtralhat ia
absolutely unequalled.
The executive Qfflcere of thesa cumpanie
may have made errors la Judgment who
does not7but If they have, you, reader,
can't believe for a moment but what these
errors-lf any-wiil be righted and President
Roosevelt's "square deal" be given to each
and every policy holder.
Billions la ths Baalaess.
These are days of construction, not de
struction, and tho penny-a-liner in maga
sine or the peanut agent who endeavors to
pull down the pyramid composed of gross
assets amounting to over $2,250,000,000
which Includes a surplus of over Uou.ooo,
oot) built up by over llt.OiiO.Ouo policy holders,
covering Insurance In force of over $1.500,.
000,000, will soon be forgone, while the
m men. the women and the children who
were paid last year IJ26,i:,07! by this un
equaled Investment system, and those who
will be paid vast amounts In the future,
wl continue to ypread th gotipel of "old
line" life Insurant.
la no other aure wsy run the husband
In vase of early death make good to those
dependent upon him, the value of his
future earnings; In no other way Is he sure
of capitalizing for his heirs, hi brains an!
ability. Therefore I say you rhUFt trut the
old line companies for "life Insurance as
an Investment." They are all safe, end
anyone of them will faithfully carry out
when you are gone, the plan you choee for
your families benefit.
For several years Just past I was sec
retary of the Nebraska Bankers association,
and as such officer met many eastern
bankers at our annual conventions. Asking
an oftlcer of one of the oldest, largest, and
most conservative of .New York City's
banks, Mr. Jones, of the National Fork
as to the Investment of the large life com
panies, he said substantially: . "Mr. Gould,
there Is no doubt that they purchase the
very beet character of securities on the
market; they always have these securities
passed upon by the best legal talent, who
dig Into all the surroundings, from the
Issuing of the charter, or the manner and
law of voting for these securities, and
when their executive boards have passed
favorably upon a security, ,we feel that
It Is gilt edged." Now mind you, Mr.
Doubter, none of the big companies keep
their account at this bank. 'Would you not
prefer this capable man's testimony regard
ing the Investments of these life companies,
than the Insinuations of a, self-confcnscd
gambler In stocks, who writes for Tellow
Journal magazines." When my faith
wavers ns to the honesty and executive
ability of the officers of our life companies,
then will I also say place no confidence
In our Barlows, Caldwells, Kountses, Mil
lards, Tate. Drakes, Doanes, Humlltons,
Wallaces, McOrews, 'Mauls, Wattles and
Thomases. I am thankful we have these
Incorruptible men la our midst who with
our Arthur Smiths and Burgesses, our
Byrnes and Hammers, Isaac Carpenter and
Brothers, our Braces and Bldwells, our
Wellers, Peytons and Klrkendalls, our
Paxton and Pickenses, McCords and
Bradys, Allen Bros., our Baums, Wrights
and Wllhelmys, Andreesens, Olosses and
Hoaglands, our Dr. Millers and Edward
Rosewaters, Inspire one to believe that when
these men lay down the burdens they have
so successfully carried, others will take
their places in whom the coming generation
can have equal confidence; and the thought
ful man believes that the successor of the
able officers of our life companies, will
equal, or exceed those of today.
Comparisons are often made between life
companies and banks; let us see how this
looks Bradstreet says:
Financial suspensions were numerous dur
ing the calendar year 1904, more so. In fact,
than In any of the six years preceding.
They did not equal in Importance, those of
1903, however. There were ninety-six
suspensions of national, state, savings and
private banks and loan and trust com
panies, as against a combined total of
ninety such Institutions In 193, twenty-nine
in 102, and fifty-six in 1901. It Is necessary
to go back in 1897, when 105 such concerns
failed, to find a total excc-edlng that of the
present year. It is to be noted, however,
that 18 hud two failures for every one
In 1904: ami 1903, the panic year, had six
times as many.
Has any life Insurance company failed?
Occasionally one reinsures In some other
company, but, point me to a real failure
since the two or three bubbles of civil war
times were closed uij.
It Is well known that no bank, con
ducted with honesty and even fair ex
ecutive ability, need ever fall: none such
ever did nor ever will fall; and when the
affairs of old line life companies are ad
ministered by men of special ability for
their places, when we know these companies
are , examined by departments some
forty different states: when each. year, they
publish a' full statement ' bT' the!? Income'
and disbursements, and show you In detail
an account of every security they own,
why should not "life Insurance as an In
vestment" still. contlnuVfto be as it has
boen tho very; best way of puttlnffaald,e
surely something for tb family?
Suppose any of the great companlee-ave
an Investment on which there may be a
loss, suppose that loss Is a million, or
three or five millions, (there has been no
such loss as the larger figures In any one
year). It's no more loss, comparatively, to
a company with such vast resources, than
perhaps the loss of a few cents or dollars
would be to you, and there is no doubt
whatever that the billions of assets of
these companies could not be duplicated, as
solid and substantial securities, anywhere
in the world, and when any agent of a
rival company conies to your office with
his "tear down" stories, and all about the
expense ratio, of which he knows little or
nothing, Just let your Janitor politely show
him the door to the alley, after Informing
him that you believe as I feel sure you do
that "life insurance as an investment" is
safe in any reputable company.
H. R. GOULD.
Note. The fir-urea given above for gross
assets, Insurance in force and number of
policy holders are those for December 31,
1!3; the tig urea for 19u4 are not yet avail
able. H. R. O.
BUSINESS MEN ARE CARELESS
Do Mot Look with SnfUclent Care
to Their Insurance
Polloiea.
"One of the conditions that Impress an
agent working in the Insurance field," said
Brower E. McCague, insurance manager for
the McCague Investment company, "Is tho
seeming carelessness with which business
men look after their insurance policies.
The majority of them pay no attention to
the btanding or sja. of the companies
whose policies are offered, but seems to
trust that the agent will give them a
strong company. While we are fbrtunate
lu Omaha In having no agencies of wildcat
companies, still I think It would be a good
practice for Insurers to always see that the
policies thut are issued to them are writ
ten by reputable agents and in strong com
panies. Another one of the condition
that Is noticeable Is that such recent fires
as the Baltimore, Rochester, Sioux City
and our own warehouse and commission fire
has had the effect of prompting the Insur
ing public to Increase Its Insurance, so
that if they should be burned out they
would be fully Insured and not have to
stand a good portion of the loss.
"Altogether, the Insurance business In
Omaha is on a very good basis, and with
the new buildings and Increased business
In the mercantile lines, I think Omaha
agent have little cause for complaint"
PROPERTY OWIVEKS SOLILOQVY.
With Apologies to. My Friend William.
To insure or not So insure, that Is the
question; whether It Is nobler in th mind
to suffer the slings and arrows of out
rageous misfortune or to take up arms
against a sea of troubles and by Insuring
end them. .
To ignite, to smolder, to smoke, to scorch,
to blase, to burn no more, and by In
demnity to say we end the heart failure
and th thousand natural shocks that flesh
and property are heir to. 'Tie a consum
mation devoutly to be wished.
To explode, to burn to burn perchance
a total loss; aye, thereat the rub, for In
that fire we have what los may come
when we have Hhoveled off the brick and
mortar coveting must give us pause;
there the respect that makes the policy
of so long life!
For who would bear the whips and scorns
ef time, the arson's wrong, the proud
man's sneer, the pang of the uninsured,
the department delay, the insolence of
agents, and the spurns which the unin
sured of the Insured must take, when he
himself might his quietus make with a bare
policy.
Who would fardels bear, to grunt and
sweat under a heavy premium, but that
the dread of something after the tire the
undiscovered resources of the cheap com-
Vany, from whose surplus no Indemnity re
urns pussies the will and rather makes
lis pay the adequate rat we do than fly to
tl- loss we know not of
Thus common senee doth make business
men of us all, und thus the native he
of resolution is tinned with rosy cost of
thought, and enterprises, of groat pith and
mnment. with this regard, their Mfrty
well sou red, lake on the nume of union.
ALEX O. CHARLTON.
IIOW TflE RATES ARE; MADE
All the Elements of Biik Are Taken Into
Careful Consideration.
GO UP AND DOWN V.1TH DANGER INVOLVED
Intricacies of Rate-Maklasr Are y
Xo Means simple r
Easy 1 a Tney.
Look.
Like the making of books, so In fire Insur
ance rates, there Is practically no end.
Time, experience and conditions hae Been
and are changing the rate paid by
policy holder for the protection 6t their
property against that destroying element
fire. Tho making of fire Insurance rates
has kept abreast of the times, until today
men of tho highest ability and ripest ex
perience are engaged In the business of
making and applying these rates. As one
man expresses It, "It Is a life work."
The first classification In th making of
fire Insurance rates is that of cities. ClUe
Of he first class, such as Chicago, are
those wherein condition are the bet In
the way of preventing and fighting fires,
thus making the risk less hazardous- than
In duces where these favorable conditions
Jo not exist to such an extent. The next
class Is clUe of the second class, such a
Omaha. Place uch as Lincoln, Beatrice
and Hastings are in the third class. Then
comes the fourth class, including town
where there I a wate work system, but
no regular Are department. The next In
order Is town that have no water work
nor regular fire department.
Physical and Moral Ilnsards.
The next important classification is that
of physical and moral hazards. The phys
ical hazards of a structure are those that
are plainly visible to tho Inspector's eyes,
such aa the nature of the stock, the con
struction of tha building, susceptibility to
fire from adjacent buildings, the occu
pancy or use to which tho building Is put,
and other considerations of a like nature.
The moral hazard are wholly within the
Jurisdiction of the Insurance company.
What Is known aa a moral hazard may be
the cause of a company refusing to accept
the insurance at any rate. The moral
hazards refer to the property owner' com
mercial standing and past immunity from
fires. The moral hazards do not play as
important part in the making of rates as
hey do in determining .whether the risk
will be accepted or not.
All fire Insurance rates are figured on a
basing rato, to which certain addition or
subtraction are made, according to tho
condition peculiar to any one building.
Take, for example, frame buildings In a
city of Omaha's class, the basing rate Is 40
cents per year for each $100 of insurance.
The basing rate for a brick dwelling with a
metal or composition roof Is 30 cents and
for the same kind of a dwelling with a
frame roof the rate Is consequently higher,
it being 35 cents, on account of the In
creased danger of the shingles Igniting on
the occasion of Area In "nearby buildings.
Dwellings are considered a preferred In
surance, being the safest kind of risks, on
the grounds that the average home has
more personal attention from tho occu
pants than other forms of buildings and
are occupied a greater part of the time.
Furthermore, " Insurance statistics - have
proven .them to be the best risks, aside from
the self-evident causes that make them
such.
Additions to the Charge.
Having thus obtained the baaing rate on a
dwelling the next thing considered is the
dsta4)oa to adjacent buildings. If ' the
nearestjitulldlng Is more than twenty-five
feet away no addition Is made to trie rate
on this feature of rate making! but If the
distil nco be lee.-than twenty-five feet and
more than fifteen, an addition of 5 cents
would be made, and should the distance be
less than fifteen feet the rate would be -increased
10 cents.- If-tho dwelling is UBed
as a boarding house an addition of 26 cents
is made. Frequently the genera nature of
the surrounding buildings affects the rate
even of dwellings. The basing rate on a
frame dwelling in a town without water
work protection is 60 cents.
Most Hasardons of Risk.
Going then from the preferred risks to the
other extreme, the most hazardous risks
Include such building as planing mills,
frame livery stables, frame, hotels and Ice
houses. Ice houses are considered hazard
ous risks because the ice and packing tend
to draw the lightning and further on ac
count of the usual poor construction of
this class of buildings. The average busing
rate on planing mills Is $3, while the actual
nfte charged depends, as It does in ell
other cases, on the various things that tend
to facilitate or retard the progress of a
fire or Its susceptibility to catching fire.
Frame livery stables take a basing rate
from $2.50 to $3, according to circum
stances. The usual basing rate on frame
hotels Is $2.50.
Brick hotels take a basing rate of from
$1.50 to $2.25, while modern fire-proof hotels
carry a rate of $1. Tho basing rate on the
ordinary brick wholesale building such as
may be found in Omaha is $1. This rate
may be affected In a hundred different
ways. If the building is equipped with the
automatic sprinkler device the rate is re
duced about ffi per cent. The nature of tlie
work done In the building, the kind of shut
ters on the building, the construction of the
elevator shaft, the number of stories to the
building, nature of the stock carried,
whether the window sash be wood or metal
and many other such features either In
crease or reduce the basing rate. Every
little feature la classified In regular tables,
with the "credit" or "debit" noted against
each Item.
Stork gaffer Most.
Formerly the rate on brick buildings and
th stocks were about the same, but ex
perience has shown that the averuge fire
In large structure causes a greater loss to
the stock than to the structure, which la
the reason the basing rate on the building
has been reduced 26 per cent from the rate
on the stock.
By the basing rate is meant a certain
amount In cent or dollar per annum on
each $100 of the amount of the Insurance.
While the same rate are generally used
by the various companies, there Is no com
pact In Omaha between the various agents
In the way of maintaining a, strict uni
formity of rate. ,
Most of the agencies receive their rate
through an inspection agency, where tariffs
and classification are published by experts.
Situation I Bsrelleat. ., '
"The insurance situation," said Secretary
3. L. Mabte of the TransmUsissippl Fire
Insurance association, "is excellent. We
must Judge of course largely from our own
business, but we also hear other insurance
men talking, and there 1 no doubt the
present year is opening well for Insurance
men The Transmlsslssippl was organized
in 1597 and has been growing constantly,
but we look for much better things In the
Immediate future. The class of business
Is better a the prosperous time continue.
Yea, I feel Justified In predicting prosperous
time for Insurance aa well a other line
of buslnesa In Omaha."
Henry E. Palmer.
George N. Palmer.
Hititl Insurance.
The Minnesota Implement Dealers' asso
ciation, at Its meeting at Minneapolis last
week, decided to establish a mutual Are In
surance company to carry the risk of the
members, holding that the rat.v of the stock
companies were too high and that a 40 per
cent savin" could be effected. A committee
of nine la to report a plan at th next meet
ing. , ' : - .; . . '
Z;. Jay D. Foster.
4 ! 4 V . '
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Merchants National Bank,
OMAHA
Certificate of Publication
STATE OF NEBRASKA, OFFICE OF AUDITOR OF PUBLIC ACCOUNTS.
It Is hereby, certified that the National Surety Company
of New York, has rotiinncd with the insurance Law of th
Lincoln. Feb. 1st. IS".
of New York, In the State
his State, applicable to such
companies, und Is therefore authorized to Continue tlie business or rineiny nnu
Surety and Burglary Insurance In this State for th current year , ending Junuary
31 St. 1906.
Summary of report filed for the year
INCOMF1
Premiums ll.03i.3T3.il
All other sources 6,"7.1S
Total $l,0tfl,100.29
DISBURaEMFNTS.
Paid policy holders .. 2M.421.7U
All other payments.. 018,511.32
Total $ 9o5.936.OS
ADMITTED ASSETS.
, l.HtiU..). 13
Witness my hand and the seal et tno
yenr first atvive written.
JOHN L. PIERCE, Deputy. (Seat)
ending December 3lt 1l4.
lilAUllil 1 ICS.
Unpaid Claims and
Expenses $
Unearned Premiums..
All other liabilities...
Capital stock paid up
Surnlus beyond Capi
tal Stock and other
liabilities 800,913.37
159.8ftl.77
B14.0O7.S2
4uA.7tU.47-$l,140,tU176
500.000.00
809.91387
Total $1,950.5315.13
Auditor of Tubllo Accounts the day and
V! M. RRARLE. Jr.
Auditor of Public Account.
General Agents for Nebraska
Telephone 29.
r!f tlflnnfn nf PuhllcnHntl
NEBRASKA. OFFICE OF AUDITOR OF PUBLIC ACCOUNTS.
ST 1TM fit,
I uncoin, r en. i, tx
It Is herebv certlAed that the Fidelity and Casualty Company of Nj
the State of New York, lias compiled with the Inxurance Imw of this State, appll;
cable to such companies, and Is therefor authorized to cotit nuo he bus nea s ox
Accident. Health Wblllty. Fidelity. Plate Olass Steam Roller and Burglary In
surance In this Stat for the current yenr ending January
Hiniim.rv nf nniirt flierf ror the vear enoina urtraiwr ,,i-i.
INCOME
rremlum za.zio.nai.3J
All other sources 203.K4fi.39
Total $5,474,474.:
D1SWRSEMF.NT8
Paid policy holders... $2,047,6W1 4s
All nlh.r nuvmi'iili . 2B4Z2Z4.20
Total $i,9K9,8W.C8
inuiTTtpn AaatrTi
$.667.eiV Total - $,67.4.0
Witness my hand and the seal of the Auditor of Public Accounts trie aay ana
vaai flmt .hoe written 4 r. M. nr-jAKL,M,, jr..
' JOHN L J PIER E. Dcpnty. (Seal) Auditor of PubUo AocounU
or National Surety Company.
LIABILITIES. .
Tnpnld Claims and
Expense $t,0a,54.M .
Unearned Premiums.. 2. 732.971 S5
All other llnbllltles... M3. 4SR.0T $4,B88,20.H
Capital stock paid up bOu.OOO.OO
Surplus beyond Capi-
tal Stock and oiner ...,-.,.
liabilities l.Bfl, 268.17 $J,01,J6. 11
General Agents for Nebraska, So. Dakota and Wyoming for The Fidelity and Casualty Company.
i
THE COLUMBIA FIRE INSURANCE COMPANY,
OMAHA, NEBRASKA.
CAPITAL PAID IN CASH, $200,000 TOTAL RESOURCES, $501,620.61.
FIFTH ANNUAL STATEMENT, DECEMBER 31, 1904
ASSETS LIABILITIES tm,inW.
First Mortise Farm Loans $290,350.00 Capital Stock ,J?JEih
Municipal Bonds 417,237.50 Due Ajrents and Others ' 3,o30.(W
State, City, and School District Warrants.. 18,022.64 Keerv Required by Law for tin Protection
GASH f Outstanding Ilisk 231.623.18
In Banks 30,799.20 Losses Adjusted and Unpaid.... ?S
In Office 1,180.61 Losses Unadjusted ... 4,920.86
Bills Receivable (Farm Premium notes not . NET SURPLUS ... B9.85S.44
matured) 59,490.75
Premiums in Course of Collection.. 24,888.88
Due from Insurance iCompanles 384.14
Accrued Interest on Bonds, Mortgages, War--rants
and Certificates of Deposit. 9,820.39
-50iel ' I501.029.61
. TUB LARGEST INSURANCE COMPANY EVER ORGANIZED IN THE llLE WEST.
Thoroughly Metropolitan and Up to Date, Issuing Only the Standard Policies.
; MARVELOUS RECORD FIRST FIVE YEARS.
. R-Insurunoe Surplus to
Premiums Written. Asset. Reaerr. Policy Holder.
December 31, 1900..,.$ 66,530.36 $226,095 $ 20,032 $224,625.59
December 31, 1901..... 129,860.62 276,438 52,606 275,467.45
Decemter 31, 1902 ... 191,493.81 340,601 98,864 336,384.91
December 31, 1903. . . . 233,3 12.85 405,846 154,005 40 1,899.93
December 31, 1904 . .. 313,474.09 501,629 231,523 491,378.62
.-.N .HI.- S ...in ..il.,ILiU..Bg
OFFICERS
D. L THOMPSON, .... Presldeit
I. M. RAYMOND, ... Vice PreridMt
J. B, OINSMORC, . Second Vice Presldeat
C. D. MULLEN, . Secretary end Treetarer
CO. TALMAGE, . . A tcltteet Secretary
DIRECTORS
D. E. THOMPSON
HENRY RAGATZ
D. C. OFFER T
J. T. BRESSLER
I. M. RAYMOND
C E. YOST
H. A. WIGGENBOtN
J. H. MILES
C D. MULLEN
CERTIFICATE OF PUBLICATION.
STATE OF NEBRASKA, OFFICE OF
AUDITOR OF PUBLIC ACCOUNTS.
LINCOLN, FebtTury L 1906.
It Is hereby certified that th Columbia
Fire Insurance Co. of Omaha, la the
state of Nebraska, has compiled with
the insurance law of this state applicable
to such cum pa nle and is therefore au
thorised to continue the btwtneae of fire
and lightning and cyclone, tornado sad
windstorm insurance In this state for the
current year ending January Slat, 1906.
i Witness my hand and the seal of tho
Auditor of Public Accounts the day end
year first above written.
E. M. 8BARLBL Jr.
' (Seal) Auditor of Public Accounts
JOHN L FIERCE, Deputy.
I INSURE AGAINST LOSS
J BY
FEE AND TORNAMJ
1
IN-
1819
1905
"The Leading Fire Insurance Company of America.
Cast Capital $ 4,000,000
Total Assets 15,814,000
Surplus as to Policy Holders 10,446.850
Losses Paid in 86 Years Over 100,000,000
NORTHWESTERN DEPARTMENT
' OMAHA, NEBRASKA :
Comprising Nebraska, Kansas, Missouri, Iowa, Minnesota, North Dakota, South
Dakota, Colorado, Wyoming. New Mexico and Oklahoma and Indian Territories.
W. II. VVYMAN, General Agent. W. P. HARFORD. Assistant General Ajent,
T?nTTTTTYT Tlflf TTD 0 !T TT TTtT .
j Telephone 529.
H OHIO KNOX. Agent, Council Bluffs,
1802 Farnam Street, Omaha.
T. J. O'NEILL. Agent, South Omaha.
FIDELITY & DEPOSIT . CO.,
OF MARYLAND.
Certificate of Publication
STATE OP NEBRASKA. OFFICE OF
AUDITOR OF PUBUC ACCOUNTS. :
LINCOLN, Feb., 1, IK. ,
IT IS-HEREBY CERTIFIED, That th
Fidelity and Dpolt Company ot Balti
more, In the Slate of Maryland, ha com
plied with the Insurance Law of thi Stat,
applicable to ueh companies, ana Is there
fore HUthorUed to continue the buins ot
Fidelity und Surety Insurance In thi 8tt
for the current year ending: Jan. 81. 1
SUMMARY OF REPORT FILED FOl
THE YEAR ENDING DEC. M, 1XH.
INCOME.
Premiums Jl.330.827.6.
All other sources 400,774.49
Total tl,731,TOI.ei
DISBURSEMENTS.
PnM nnllnv hl.loi t MH r.M) 37
All other psyment.... 1.070,741.54
joiri
ADMITTED ASSETS.
.tl.M4.UTM
r
IS.SS4.41l.3l
LIABILITIES.
Unpaid Claim and
Expenses t n7.K74M
Unearned Premium.. 7M8?18
All other liabilities... J.7-l M0.N15C
Capital stork paid up, 2,000,000.00
Surplus beyond Cap
ital Stork and other
liabilities 2,923,468.15-44.928.4.11
Total 6,M4,4M
Witness mv hand and th seal of th
Auditor of Public Account the day and
year first above written.
Djm xa. n r. i siuo,, f i .
(Seal)
Auditor of Public Acoonntsv
JOHN L. rJERCR.
Deputjv
HARRY S. BYRNE,
Special Agent for Nebraska,
203 First National Dank Dldg.,
OMAHA, NEB.
Certificate of Publication.
STATE OF NEBRASKA. OFFICJS OW
AUDITOR OF PUHLIC ACCOUNTS.
LINCOLN. Feb. 1. 1908.
IT IS HEREBY CERTIFIED, That the
Northwestern Mutual Life Insurance Com
pa n (I of Milwaukee, in th Stat of Wis
conaln, ha compiled with the Insurance
Law of the State, applicant to such com
panies and is therefore authorised to con
tinue the huHlnt'Hs of life lusuranc In thi
State for tho current year ending January
31 19)6
SUMMARY OF REPORT FILED FOR
THE YEAR ENDING DEC. SI, 1904.
INCOME.
Premium a.M0.TS,SJ
All other source... .7U,'.W
Total $3.7U,14.M
DISBURSEMENTS.
Paid policy holiiers.).ti.24:t.4l
All other payment. 6,212,MO.M
Total I21,0,1S.T
ADMITTED ASSETS.
ll9S.T7T.4SJ.t9
LIABILITIES.
Net Reserve l(K,14.Mli.n0
Net Policy Claims. fM,7 07
All other liabilities 3,44Z4l.&-tl&i,b41.14.ti
Capital stock puk
Surplus beyond
Capital Stock and
other liabilities... aD.lM.2M.7i-I IO.lM.28e.73
Total , ,..T. UKI.T77.4Jlt
Witness my hand alid th al of th
Auditor of Public Account the dy ane
year llrst above whiten.
E. M. SEA RLE, Jr.,
Auditor of Public Accounts,
(Seal JOHN U P1KHCM1,
Deovty. ,
