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About Omaha daily bee. (Omaha [Neb.]) 187?-1922 | View Entire Issue (March 12, 1905)
20 THE OMAHA DAILY BEE: SUNDAY. MARCH 12. 100T. NEBRASKA INSURANCE' LAW Stnng snd Weak FoinU of the Eutttet on ths Topic SOME GOOD AND SOME BAD FEATURES Ralph XV. BreckearUge Gives la Brief a RcTlefr of What la Wkal Oaght to B tat Statat Daaka. An Intelligent review and jalyi of legislation affecting any given Interest must 'neceaaarlljr reat upon a true, concep tion of the particular business or Interest. A modern commerce Is conducted, there re few kin da of business concerning; which special legislation Is necessary or proper. For the legislature to prescribe how -a manufacturer or a merchant shall conduct his butanes would be Impertinent. Insurance, however. Is on of tlie branches ef modern commerce with reapect to which It la proper for the legislature to deal, within certain clearly denned llmUa. Beyond tho limits legislation Is oppres sion., Th bustneas of Insurance has reached enormous proportions. It la estimated that th American people pay for Insurance of th different kinds written $1,000,000,000 an nually; the aggregate assets of the com panies engaged In this buslneaa Is approxl ' mately tS.OOO.OOO.OuO, and there was at rink on January 1. 19(6, approximately 150,000, 000,000 of Insurance of all kinds. Insurance is now written not only to Indemnify against the perils of the sea, but against fire, wind, hall, sickness, accident, death, negligence, burglary, the dlehonesty of em ployes, bad debts, etc. Disaster and ruin go hand In liand with each one of these rinks, and but for the system of Insurance - which has been developed within the last 100 years, commerce as we know It, credit as It Is, olvllliation as w live It, would not have been possible. Ceaerfel Effect of lasaraare. A man's ' wlf and children were for merly hi hostages to fortune. By thrift and economy through life Insuracei he may now reclaim them and relieve the state from the possible necenaty of furnishing their support If misfortune or early death overtake him. But life Insurance, as now written, means vastly more than this. Many forms of policies axe Issued as a sort of compulsory method by which from year to year certain sum are saved and set aside as a resource for the future. Life Insurance differs from all other In surance In th certainty of the event upon which the money Is payable. i fir Insurance is in its broadest sense a tax. The holder of a policy of fire in surance may never receive anything for his premium. Fire Is not eyen an ordinary misfortune, and 'yet the vast fire waste in the United States, reaching 'something like $160,000,000 annually, and the . possibility of loss by Are facing every Individual prop erty owner, requires all prudent cttlsens to avail themselves of the protection afforded by, fire insurance, the theory of which obliges all who 'are insured against this destructive element to contribute to a fund out of w,hlch losses are paid and distributed through the medium of the numerous com. panics engaged In the collection of, the money and the payment of losses. The value of the property destroyed Is not, however, replaced by the Insurance com pares when they, pay the insured. The companies merely return to the people, less the expenses of the business, what the people have paid for Indemnity against the possibility of loss by fire. ' Those consid erations lead directly to the subject I am asked to discuss. (Insurance is a necessity. It Is furnished by corporations organised for the purpose. Therefore, the legislature has the right to demand , and ought to require of every company undertaking the business of in , surance In any, of its branches, the widest publicity. Its Inquiries of all insurance companies, life, fire, stock, mutual, what ever the kind of Insurance written, ao qordlng to whatever scheme the business Is operated, should be of the-most search ing and inquisitorial character, and to the extent that the legislation of this state is directed to that end. It will advance the publio welfare. But legislation that im poses a tax upon morality or a tax upon a tax is opposed to good sense and sound public policy. What the Insuring public wants Is pro tects i. It wants to know and must be told whether the companies doing business in this state are solvent or not; whether1 their assets are properly invested; whether their management is economical or ex travagant; whether their scheme of. busi ness has withstood the test of experience, and whether the business Itself is honestly and fairly conducted. - Tk Statoa laperTtslosi of Inanraace Companies. Th laws of this state, intelligently ad ministered, work no injustice to foreign companies that Is, companies created under th laws of other states and countries, transacting their business within our bor dersIn the showing required of them in respect to solvency and Bnanclal state ments. It Is also true that a solvent com pany, honestly and efficiently' managed, seeks publicity of this character, and no objection is ever made by any falr-mlnded insurance official to the most minute ex amination of his company's affairs. Under 1 th law th auditor of stat Is authorised to examine Into th condition of affair of any company doing business In this state, except those organised under th laws of Nebraska, and 'to revoke the license of any pmpany . whose affairs appear to him to b In an unsafe condition.' The objections to this statute ara two: . Firat, the audi tor's, authority does not extend to com panies organised under the laws of Ne braska; second, while In this state no abuse of th power lodged In the auditor has com to light, the statute should both be enlarged and qualified to confer power to deal , with all Insurance companies doing business In the state and to give .to any ( company, considering Itself , aggrieved by the action of the auditor the right to ap peal to the court befor the revocation of it license. .In a general way it may be stated that th statutory requirements 0f local com panies and all mutual companies are In adequate. To'exact of state fire companies the maintenance of only a 40 per cent re serve, regardless of the terms for which their policies may be written, doos not give Mfficlent protection to th policy holder. To permit stock notes and premium note to be treated as cash assets, is poor busi ness. ' Outside companies are required by the laws of the several states of their ovation ' to maintain a much larger re- serve, and by the statute of Nebraska are required to produce proof of an unlm- ' paired .uUy paid up capital, and the sum requirement should be made of local com panies. Vhm Valaed Polr Law. '. Th valued policy law is from every stand point the weakest and moat undesirable bit of legislation affecting Insurance that we have. This law was paaaed In 1SS9 In obedilenc to a false publio clamor. Nine teen or twenty other states have a similar statute. According to th experience of Insurance companies and of other qualified tb apeak upon the subject, the valued policy J w m u iiii-vniivv in iriuu, perjury ant arson, Thla dishonest man who haa In sured his property fur more than It is worth and who then sets it cm (Ira I pro tec ted by law in the results of his ills honesty and crime t th extent of his ever uauxaiKX, fur ovary Intelligent man knows that conviction for arson Is a very diffi cult thing to accomplish. However, In th state of Oliio soma twenty convictions for arson have been brought about since It was made by law the duty of a public official to Inveetlgat the causes of fires. The valued policy law has Increased both the coat of Insurance and the fire waste In this siate. No rrurh ought to be per mitted to recover on a fire Insurance policy more than the value of the property that is destroyed. The Counter suggestion that Insurance agents are familiar with the value of the properties they insure and that the companies ought not to be allowed to charge premiums on a certain amount and subsequently assert the value of the prop erty to be less. Is utterly without force. The Insured determines the amount of In surance he will have written upon his property, snd agents are repeatedly cau tioned not to Insure upon excessive valua tions, i No law that encourages the destruction of property should find an apologist', and all valued policy laws make It more profit able to destroy property than to keep It. They place before every evil disposed per son the temptation to over-Insure and then burn hla property for the gain there is In It, and even an honest Insured Is likely to be very much more careless than where he Is obliged to carry some portion of the risk himself. These laws have been con demned by the governors and Insurance commissioners of many of the states. Sec retary of the Treasury Bhaw five years ago, when governor tf Iowa, vetoed a similar law, after having made an ex haustive Investigation of the operation of such statutes - In other states. He col lected the record of over 800 policies in the southern tier of counties bf Iowa and the northern tier of counties in Missouri, from which he found that the rate of insur ance was materially Increased and In many instances doubled, and in some cases more than doubled. He also said: There is no escaping the proposition that the Insured must pay all losses and any law that has the effect to Increase the hasard must necessarily increase the rate. True Insurance is inaemnlty. Nothing In excess of actual loss should ever be col lectible. In order to reduce the loss to tho minimum there must be some Inducement for the owner of the property to throw water rather than oil on incipient fire. The Insurance companies can and do pro tect themselves against raids made possible by such Btatutes by raising rates; but the outraged moral sense of the community de mands that a statute which offers a pre mium on perjury and arson should be re pealed a law against over-insurance would afford more protection to the public. A Fir Marshal Uw Is Proposed. Reference has already, been made to the enormous Are waste of the country. Ne braska's share of that waste for 1904 was approximately $3,600,000. In a number of states there have been enacted what is known as the "Are marshal" law, which requires an official Investigation Into tho cause of every Are. Fourteen states have such a law. It Is estimated that one-third of all Ares are of Incendiary origin; and as long ago as 1892 the National Convention of State Insurance Commissioners, calling at tention to the appalling association of crime and fire, suggested that "Investigation as toi the causes of all Ares be required by law with provision for the prosecution of fradu ient cases." They bIbo suggested better building laws, holding that poor construc tion is a prollflc source, of Ares leading to great destruction, both of life and property. The legislature now in session can do no greater good to this, commonwealth than to enact such a statute as la in .force in the states of Alabama, Connecticut, Louisiana, Maine, Maryland, Massachusetts,, .Missis sippi, New Hampshire, North Carolina," Ohio, Pennsylvania, South, i. Carolina and Washington and the District of Columbia. The Investigation of all Ares could well be added to the duties now imposed by law upon coroners. , Federal ".npervlslo'n. : -r ' - If Interstate Insurance Is '.'commerce among the several states," congress has the constitutional right to regulate tho business. Th scope of this article will not permit the discussion of that interest ing question. Insurance was in its in fancy when the federal constitution was adepted; but there were then no steam boats, nor railroads, and the telegraph, telephone and supplied electric power hav become Instrumentalities of commerce within a generation. Insurance bears as intimate and vital a relation to commerce as any of these other agencies over which the Jurisdiction of the federal government Is conceded. Federal control of Interstate insurance and of companies operating out side of the states of their creation is Inevitable; only through it can the most effective supervision of the business bt. had; only through it is there hope of a substantial and permanent cheapening of the cost of Insurance; only through it can the numerous "wildcats" be put out and kept out of existence; a federal regulation requiring an accounting of the uses made of th vast suras accumulated through the prudence, sacrifice and thrift of millions of policy holders will prevent improvident and Improper Investments and extravagant management; a uniform Are policy ex pressed in simple terms, to supersede the ttandard form new In common use, is practicable only if and when its terms are prescribed by federal statute or regula tion, based upon a clean cut and definite construction of the terms Inserted, so that they shall mean the same in Nebraska as in Massachusetts. , These are a few of th advantages to the public possible through federal super vision of the business of Insurance ,and the resolution now pending before the leg islature commending that part of Presi dent Roosevelt's message dealing with this subject, should be adopted without dissent. RALPH W. BRECKENIUDGE. BETTER FORM OF POLICIES Plans to secure Plain, Common Sense Contracts Between Insnrer and Insured. "There 1 nothing new of Importance In the local Insurance situation other than a general beginning on J he part of the companies to bring about an improvement In the present policy riders and' forma," said John C. Howard of the Arm of Web ster, Howard & Co. "During the last few years the permissions on these forms have been elaborated upon so extensively that the conditions of the policies were practically voided. This beginning of the part of companies is simply to get a plain, common sense contract with every Insurer, and we are more than pieced to sea that it Is having it beneficial results. If the insuring public would take more pains to place their insurance in the proper hands and companies, they need have no fear of a bad settlement after a loss occurs. "The outlook for the year 19u5 Is very promising. With any number of new build ings, private residences and our six new proposed grain elevators, we are certain that this will be the banner yeir for Omaha. With our Uh of heavy writing companies we feel sure of securing our share of the. business. We have Just added to our already atrong list of com panies the Aetna Indemnity company and at able to give our customers every In surance advantage obtainable." - Prohibition of fireworks. Agitation of the question of the. prohibi tion of fireworks in Mew York .on or about the Fourth of July bas already been begun by tJdward F. Croker, the .chief of the New York Are department. The Ivanda of the Are commissioners, who now have the matter under advisement, should b strengthened by all good clliicns. V NEBRASKA PAYS' MILLIONS Immense 8am Annually Contributed by tie Citiiani for Protection. FIGURES TAKEN FROM OFFICIAL REPORT Iasnrnnro Companies of All Jtorta and Varieties Kind the Antelope State n Profltable Field for Operation. During the two years 1902 and 1908 th peo ple of Nebraska paid for Insurance or an kinds Are. life, accident and otner tormi ik...nm nt lit. ST.? 170 67. During the same two years the several companies doing busi ness In the state paid on losses $6,864,597.10. This makes the net cost of protection af forded the people by the variety of risk tsKumed the Udy sum of $9,008,573.57. In his report to Auditor Weston. Commis sioner Pierce sets out that for the blennlum ending December 1, 1904, he had collected fes and reciprocal taxes amounting to $133.- 906.06. Mr. Pierce suggests some changes Jn the Insurance code of the state. The stat ute that lequlres Insurance companies to make semi-annual reports td the depart ment la a dead letter, he says, and should be repealed. The law governing accident, sickness and funeral benefit, Insurance upon the assessment plan Is defective, In that it does not provide for the method of admiu ting companies of other states, contain no provision for the filing of articles of incor poration of such companies and does not require a license or tea from them for the privilege of transacting business here. A law to prevent discrimination on part of life Insurance companies between risks of the same general nature, charging one a higher premium than another, is also sug gested, as is a better law for governing fra ternal life Insurance orders. Changes During the Blennlum. During the blennlum one Nebraska stock Are Insurance company and four from other states Were admitted to do business in the state. Five Nebraska mutual Are Insurance companies were licensed during the same period. Four "regular" life in surance companies, one assessment life company and six mutual benefit associa tion were added to the number doing busi ness In the state during 1903-1904. Four miscellaneous companies, four hall and live stock Insurance companies and seven fra ternal beneficiary associations were also given permission' to do business in Ne braska, In addition to those already en gaged here. Eleven Are Insurance companies, three miscellaneous, fout life, Ave assessment life and accident and four fraternal beneficiary associations ceased doing business In Ne braska during the two years, from various causes. Some were refused license, some reinsured their risk and some simply dis continued business. On November 30, 1904, the companies doing business in Nebraska were: Fire Insurance companies (stock 98 Fire Insurance companies (mutual) 78 Life Insurance companies ,. 46 Mutual benefit and assessment compa nies (Including hall and live stock com panies) 32 Fidelity, casualty and surety companies. 33 Fraternal orders 46 Total 330 Collections and Disbursement. Fire Insurance business in Nebraska for the years 1902 and 1903 was profitable to the companies, if the official AguVes are to be depended upon. These show the following: 1902. 1903. Risks written...... $189,197,777.39 $213,308,968.48 Premium receipts. 2,539.4.56. 2,80246.56 Losses paid 944,468.96 1,269.074.93 According to this, the premium receipts for the two years' business in Nebraska exceeded the losses paid by $3,138,140.63. But 41.2 per cent of the premium collected was returned to the state in payment of. losses. Life insurance companies make a Show ing as follow for th two year: a 1902. 1903. Policies in force De- cember 31 $74,474,817.82 $82,490,218.64 Premium receipts.... 2,372,347.31 2,780,189.70 Ijobscs paia oei.vjt.v cksu.um.m The second year shows for the life com panies an increase in premiums collected over 1902 of $407,842.89, and a decrease In losses paid of $61,863.13. The assessment Insurance companies, life and accident. In cluding the fraternal benefit companies, did business as follows: 1902. 1903. Policies In force Deoenrber 31 $304,054.52900 $313,416,162.00 Premiums received 2.0U3,ft87.14 2,273.493.36 Losses paid 1,560,260.33 1,596,027.66 Th "fraternal" did not fare so well as did the "old line" companies, for while their premium receipts Increased only $179,- 606.21, their death losses also show an In crease of $36,767.33. Fidelity, casualty, surety and accident stock companies did very well In Nebraska during these two years, the figures show ing for them: . 1902. 1903. Inc. Premiums. ...i... $296,717.29 $323,649.53 $26,952.34 Losses 109,478.34 1&4.836.83 45,367.49 Miscellaneous mutual Insurance compan ies, Including hall, live stock and bond companies, make this showing: 1902. 1903. Inc. Premiums $80,767.00 $143,549.66 $62,782.68 Losses 37.835.16 78,6:5.18 33,789.98 February Fire' Losses. The Journal of Commerce report the February Are losses In the United State and Canada to be $25,691,000. There were $28 Are during the month. Th aggregate loss for January Vnd February was $41,969,000. The Germacivia Life Insurance Company of N. Y. Certificate of Publication State of Nebraska. Office of . Auditor of Publio Accounts. Lincoln, Feb. 1st, 1j. It Is hereby certlned that tna Oermanl T.I i s insurance I oiiiuany Of New York iu (he state of New York has compned'Wltn I no insurance lmw oi mis oiaie, appucaoie to sucn companies and is therefore au thorised to continue tne business of Lite Insurance In th.a State for - the current year ending January 31st, 19j6. buramary of report filed fur the year end ing December 31st. 19i4: INCOME. Premiums $4,478,240.15 All other source 1,&2,M2.$B Total j $6,001,182.43 DISBURSEMENTS. Paid policy holders ....3.o-,W4.S7 All oiuer payments.... l,3Vj,U7,lki Total $4,399,812.82 ADMITTED ASSETS . $44,104,782.39 LIABILITIES Net Reserve S29.069.326.47 Net Policy Claims... 1:9 618.61 All othr liabilities.. 2,177.0o4.M $31.366,949 97 Capital stock paid up 2uo.bu0.00 Surplus beyond Capi tal stock and other liabilities 3.638.832.42 t. 738.833. 43 L Total .f. $34,104,782 39 Witness my hand and seal of the Auditor of Public Accounts the day and year first above wrillRii. E. M. 8EARLE. Jr. Auditor of Public Accounts. (Seal) JOHN. L. PIERCE. Deputy. mania Is enajl4 by few and veiled by none. J. B. CLARKE, Mr. , 823 Ue Ballalaa. 'Phono m-Z. . OMAUA. IT 1843 Tlif WFiifii JL JJLvss lYimiU fe 1905 Insurance Company of New York OLDEST IN AMERICA LARGEST IN EXISTENCE assets over 440 MILMON DOLLARS Th year 1 904 wag the meat successful year in the history of the Company, now in ha sixty-third year, excelling In Increase of Membership, Increase of insurance Issued, increase of Amount Loaned to Members, Increase of Mortuary and Endowment ' Payments, Increase of Income, Increase of Funds Accumulated for the Benefit of Members, Increase of Dividends to be Paid Policy-holders and Decrease of Expense Ratio. The following; additional figures, constituting its Balance Sheet, illustrate with equal significance the very great and satisfactory progress of the Company.: AVAILABLE FUNDS The CoropanyNOwned t Dec. 31, 1904 GAIN IN 1904 1 Bonds and Stocks, amounting, at the Market Value, to $243,191,442 24 $28,478,203 87 2 Real Estate, chiefly in the large cities of the world where the Company does business 34,701,700 61 889,567 01 3 Cash in Banks and Trust J Companies 17,973,159 59 4,487,890 48 And It Had Loaned t 4 On First Mortgages of Real Estate 102,027,893 42 12,802,973 28 5 To Policy-holders on their Policies 23,277,736 49 4,351,035 fco 6 On Bonds and Stocks.... y... 11,210,000 00 3,007,500 00 And there was Doe the Company t 7 For Interest Accrued.Quarterly and Semi-annual Premiums, Etc 8,596,438 81 629.219 92 Making the Total Available Funds. $440,978,371 16 $39,150,709 50 LIABILITIES 1 Amount required by law as a Dee. 81, 1904 GAIN IN 1904 Reserve Fund for paying all the Company's Insurance Risks, aa certified by the New York Insurance Department, and for Claims due $366,020,552 73 $26,798,784 78 2 Contingent Guarantee Fund, out of which future dividends ,' ' ' to policies now in force will be ' ' payable as they become due' by the terms of the policies of insurance 71,457,818 43 12,292,974 77 3 Fund for Immediate Divi dends to be paid on Policiea in the year following 2,900,000 00 70,000 00 Making the Total Liabilities as a Mutual Company $440,978,371 16 $39,156,709 50 INCOME - In 1804 GAIN IN 1304 1 Received for Premiums...... $62,932,097 10 $2,781,077 44 2 Received from Interest and alt Other Sources 18,070,887 47 888,194 37 Total Reoelved $81,002,984 57 $3,669,271 81 DISBURSEMENTS AND ACCUMULATIONS In 1904 GAIN IN 1904 1 Paid Policy-holders $34,726,548 34 $1,998,768 83 2 Paid for all Other Accounts,. 16,656,183 10 676.847 12 3 Total Disbursements $51,382,731 44 $2,575,115 45 4 Balanceof Income Accumulated 29,620,253 13 1.094.156 86 Total Disbursed and Accumulated. $81,002,984 57 $3,669,271 81 A Pamphlet containing a complete list of ell the Bonds end Stocks owned by the Company, mounting to $243, 1 91, 442.24, and the amount held of each, with Ita par and market value, will b mailed to aay addreaa oa written request to the Home Office. The Market Value of the Bonds and Stocks owned at the end of the year was $25,810,689.51 in excess of their cost on the books of the Company, and these results have been obtajned without resort to questionable practices or the use of methods derogatory to the reputation of The Representative Life Insurance Company of the World. From Its Organization In 1843 up to December 31, 1904, The Mutual Life Insurance Company of New York has paid to and accumulated for its Policy-holders over One Thousand One Hundred and Six Millions of Dollars ($1,106,701,837), which is over Two Hundred and Seventeen Millions more than any other Company has accomplished. .. . Its Accumulated Assets of $440,978,371.16 are nearly Twenty-nine Millions more than those ef any other Company. noon AfiRNTfl WANTED IN EVERY COUNTY IN IOWA AND NEBRASKA. ADDRESS. FLEMING BROS., Managers for Iowa and Nebraska, Omaha. Nebraska j 1 SAFE-rSOUND-SECURE A Nebraska Oppany For Nebraska People 1896 GERMAN ifMi.iM.:i THE IOI.IC.T.81 OF lfM,817.32 I 11T.I20. JFrtnlum Income, .. Premium Income, 1UU3 Premium Income, STEADY StST,42.0 RAPID jt-7l.4a4.IM I Premium Income, 1U0 GROWTH I WO,Hlft.l7 Premium Income, I UKMJ Premium Income, NOTE I premium Income, 1MW . 1905 PLEASE f faa.i44.ia Premium Income, 181W Premium Income, 187 NINTH ANNUAL STATEMENT OF THE lorinon imial Fire Insurance OF OMAHA, NEBRASKA December 31st, 1904 iompany Premiums Written, 1904 - $117,120.89 Losses Paid, 1904 - - - - $38,781.53 Losses Unadjusted - - - - None Losses Adjusted and Unpaid Assets December 31st, 1904 None $93,36142 Losses Paid Since Organization $240,152.79 OFFICERS: i F WHITE President and Treasurer C. W. HICKS. Secretary JOHNCli: Vice President P. COWDERY, Assistant Secretary KEEP YOUR MONEY IN NEBRASKA J r . Certificate of Publication STATE OP NEBRASKA, OFFICE OF AUDITOR OF PUBLIC ACCOUNTS. LINCOLN, Feb. lat, 1906. IT IS HEREBY CERTIFIED. That th Casualty Company of America of New York, in the atate of Now York, haa com piled with th Insurance law of thla atate, applicable to auch companies, and la there fore authorised to continue the buslneaa of accident, employera' liability, plate Klasa and steam boiler Insurance In thla atate for the current year ending January aim. 1DU6. Summary of the Report Filed for th Year Wudin December 81st, lift. INCOME Premium t 738.38J.6S All other source StUa.7li Total f 766,146.44 , DISBURSEMENTS Paid policy holders 1 120,886.93 All other payments Kxi.tM.lii Total t tli.SM.16 ADMITTED ASSETS 1,JUU,462.88 , LIABILITIES Unpaid claims and ex tenses S 81.110.15 l nearnt'd premiums.... All olher llxbilltira Capital stock paid up.. Surplus beyond Capital tork and other liabilities 44.67.4I- Wt.9u3.83 tOU,UOO.UU 165,193.16-1 ma, 493.04 Total , l,iu.4a2.& Witness my hand and the ken I of the Auditor of Public Ac-rounta the day and year first above arllten. K. M. flKARLE Jr.. (Seal) Auditor of Public Accounts. JOHN U PIBKCE, Diputy. TIIOS. II. FELL. A. G. PINKERTON. THUDS. II FILL GENERAL INSURANCE & CO Telephone (47, 305 First National Bink Bldg. Certificate of Publication STATE OF NEBRASKA, OFFICE OF AUDITOR OF PUBLIC ACCOUNTS. LINCOLN. Feb. 1st, 1905.' IT IS HEREBY CERTIFIED. That the Reliance Insurance Co. of Phila delphia, In th atute of Pennsylvania, baa compiled wl'h the liiJUiance law of this state, applicable to audi com panlea, and la therefor authorized to continue the buslneaa of tire and (Ightnlng Insurance In this s"ite for th current year ending JanuHry Slst, IK t Witness my'hand.and the aeal of the Auditor of Public Aoeouuta th day and year first above wrilivn. .... K. M. ME A RLE, Jr.. (Seal) Auditor of I'ub.lc Arrouuta. . JOUN U PItatCE, Deputy. Certificate of Publication STATE OF NEBRASKA, OFFICE OF AUDITOR OF PUBLIC ACCOUNTS. LINCOLN. Feb. lat, 19u6. IT IS HEREBY CERTIFIED, That the Mechanlca Insurance Co. of Phila delphia. In the state of Pennsylvania, haa compiled with the Inaurance law of thla state, applicable to such com panies, and la therefore authoiis d to continue the buslneaa of tire and lightning Insurance in this alai tor the current year ending January list, 1M. Witneaa my hand and th aeal of tha Auditor of Public Accounts the dy ami. year first above written. E. M. SEARLE. Jr.. (Seal). Auditor of pub, ic Account. : JOHN U PIERCE, Deputy. Certificate of Publication STATE OF NEBRASKA, OFFICE OF 1 AUDITOR OF PUBLIC ACCOUNTS. LINCOLN, Feb. 1st, 19. IT IS HEREBY CERTIFIED. That th Atla Assurance Company of London, England, has comiAied with the In surance "law of thin state, applicable to such companies, and I therefore author ized to continue the buslneaa of fir and lightning inaurance In thla slate for th current year ending Junuary Slat, 1900. Witneaa my hand and the aeal -of th Auditor, of Public Account th day and year first above written. E. M. SEARLE. Jr., (Seal) ' Auditor of Public Accounts. JOHN U PIERCE, Deputy. Certificate of Publication STATE OF NEBRASKA. OFFICE OF AUDITOR OF PUBLIC ACCOUNTS. LINCOLN. Feb. 1st, 19u5. IT IS HEREBY CERTIFIED. That th Hamburg-Bremen Fire Insurance Com pany, of Hamburg, Germany, haa coin piled with th insurance luw of this Mat, applicable to auch companies, and I there fore authorized to continue the business of fire and lightning Insurance In thla tat for the current year ending January 31st, 1906. Witness my hand and th seal of th Auditor of Publio Account the day and year first above written. E. M. 8FARLE, Jr., (Seal) Auditor of Publio Accounts. JOHN L. FIERCE, Deputy. XSS9 i