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The Commoner.
VOLUME 11, NUMBER 30
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WISCONSIN GOES FORWARD
Araon tho good laws passod by
tho Wisconsin legislature is the
following state life insurance or old
ago annuities law:
Section 1. Thoro is added to the
statutes a now section to road: Sec-
tlon 1989m. 1. There is estab
lishod'.a ".llfo und'! to be adminis
v tored- by the state without liability
on tho part of the stato, beyond. tho
amount of the fund, for tho purpose
. of granting lifo insurance andannui-
, ties tor poraons who, at-the- time -of
. tho granting of fluch insurance and
annuities, are within tho state or
regldentr. thereof.
2. Tho stato treasurer shall bo
ox-ofllcio treasurer and custodian of
tho life fund, and all other matters
In rolation theroto shall bo under tho
supervision of tho commissioner of
insurance. Each shall give such
bond therefor as may bo required
and approved by the governor and
secretary of state, which shall bo
filed with his ofllcial bond. Subject
to tho approval and general dirdction
of the commissioner of insuranco as
to tho amount to bo Invested, and
tho kind and maturity of tho securi
ties, tho stato treasurer shall cause
tho moneys in tho life fund to bo
invested and reinvested in the se
curities authorized in section 1951,
and in like manner may sell and dis
pose of such securities as may be
necessary in the management of such
fund.
3. Within two years from the
taking effect of this act, the com
missioner of insuranco shall prepare
and file in his office forms of appli
cations and policies, schedules of
premiums, tables of costs of insur
ance and reserve, and other data and
' forms for carrying out tho provisions
of this act.
4. Tho premiums for life insur
ance in the lifo fund shall bo based
upon the American experience table
of mortality with additions for extra
hazards, and with interest at three
per cent per annum, to which shall
be added for expenses and contin
gencies two dollars per year per
thousand dollars of insurance, and
an amount distributed equally
.through, each of the possible-premium
nayraents.the.prosent value of which
.jjhall be equal to one-sixth of the
present rvalue .oLtho costs or insur
ance cjv. tha basis aforesaid.
5. The premiums for annuities
ehalL be based upon the British offices
'annuity tablesr- 1893, wlthv interest.
at throevper cent per annum, witn
additions for expenses and contin
gencies, distributed equally through
each of. the premium payments, the
present value of which shall be one
sixth of the net single premium for
such annuity.
6. Upon the filing of such forms,
tho commissioner of insurance shall
furnish .schedules of rates 'and copies
of the forms of policies to every stato
factory inspector, to the clerk and
treasurer of every county, town, city
and village and to every state bank,
whose duty it shall bo to fill out and
transmit applications for insurance
and annuities, and such schedules
and rates also be furnished to any
other person applying therefor.
7. The application shall be trans
mitted to the commissioner of insur
ance, together with the premium for
three months, or multiples thereof,
and a medical examination fee of two
dollars in case of life insurance. The
commissioner of insurance and the
state board of health shall pass upon
all applications for insurance, and
no life insurance shall be granted
without a personal medical examina
tion to be made at the direction of
the state board of health, for which
the local examiner shall receive the
medical examination fee. If the ap
plication be rejected, the deposit
shall be returned, excepting the fees
A New, Complete Edition of
Mr. Bryan s Speeches
Containing All of His Important Public Utterances
In two handy volumes. You can follow Mr. Bryan practically through
his entiro career, from his valedictory oration at Illinois College in 1881,
through his early public life, his presidential campaigns, his world tours,
his platform experiences, and Ms participation in meetings of organiza
tions devoted to national progress, as well as international congresses
for tho promotion of tho world'H peace.
The subject matter of these speeches covers a wide range of topics,
from tho fundamental and vital problems of national and world li:e to
tho highest ideals of human endeavor. A bandy means of reference to
tho student of social problems of tho present and future.
ONLY AUTHORIZED, COMPLETE COLLECTION
While Mr. Bryan's speeches, lecturos and public addresses have appeared
from time to timo in different editions of his works, or have been issued
in separate form, these two volumes contain tho only authentic, comploto
and authorltatlvo collection of all of his speeches over issued. This is the
first publication in book form of a complete collection of Mr. Bryan's
speeches from his first entry in public lifo up to the present time.
Two Handy Volumes
This complete collection com
prises two handsome 12 mo volZ
umes containing 750 pages. Fronl
tispleces Jhowing Mr. Bryan t
various stages of Lis career? with
biographical introduction by his
wife, Mary Baird Bryan. Printed
on good paper in largo. Sear
typo and handsomely bound -Phi
two-volume sot sent prepaid tJ
any address on receipt of thS
following prices: Bound In hin
cloth gnt tops, 12.25; bound i
half leather, gilt tops, '$3.25. LlK
tJ?mB?aer aeonts; write fj;
SPEOIAIi OFFER For a short
time only, wo will include with
each order received at tho above
Prlcesia yeat"s subscription tS
Tho Commoner, without extra
must,nIf you aro a subscriber te
The Commoner your date of ex
piration will bo advanced one
yoar. To secure this offer coupon
must accompany order. Address
and make remittance payable to
VJIJa COMMONER, Uacel Ne
SPECIAL OFFER COUPON
The Commoner, ZiIhcoIh, Ncl.
I accept your liberal uliort time offer
for tho now books, "The Speeches of
Wllllaxa Jennings Bryan," which in
cludes, without oxtra cost, a year t
subscription to The Commoner. Books
to bo sont prepaid to addross below.
(Mark offer wanted.)
I enclose $2.25 for Tho Speeches
of William Jennings Bryan, 2
vols., cloth binding, and The
Commoner for ono year ...-..
I enclose $3.26 for The Speeches
of William Jennings Bryan, 2
vols., half leather binding, and
Tho Commoner for ono year.. .,.... ...
Name
rtT.
P. O. . ..'. V. .W.V.VTV.T.
If now a subscriber to Tho Commoner
your date of expiration will be ad
vanced one yrir.
mentioned in sub-section 13. No
examination shall be required on ap
plication for annuities. If the appli
cation be accepted, the premium shall
be paid into the lifo fund and a policy
shall issue, to be signed by the com
missioner of insurance and the state
.treasurer, reciting that the same shall
.be payahle.out of the life fund with
,out further liability on the part of
the state.
8. The commissioner of-insurance
shall provide tho insured with -blanks
to bo used in the payment of- prem
turns," andj such premiums- may? be.
paid to the treasurer of' any1 city,
village, town or county, or to any
state depository, who shall receipt
for and remit the same to the com
missioner of insurance. The bond
of every such treasurer 'land state
depository Bhall include a liability
for all premiums and other money
received for the life fund.
9. A surplus shall be set aside
from the net profits on each policy
which shall be made up on the fol
lowing basis: Fifty per cent during
the first policy year, and thereafter
five per cent less for each succeed
ing policy year until the ninth year,
and thereafter the amount so set
apart shall be ten per cent. The in
terest thereon shall also be set apart
into such surplus. Such surplus
fund shall be maintained and held
to meet losses from unexpected or
great mortality or depreciation in
securities or otherwise. The balance
of the net profits shall be distributed
annually among the holders of poli
cies and shall be payable on demand
or be applied to the premium next
payable.
10. Loans may be made on a
policy to an amount, which together
with interest at six per cent per
annum, shall not exceed the reserve
on the next policy anniversary on
tho basis of the premiums then paid.
Any premium not paid when due
shall be charged as a loan. When
the unpaid loan and interest equals
the reserve, the policy shall terminate,
but before that time the whole or any
part of a loan may be repaid.
11. The' reserve, less unpaid loans
and interest, shall be payable in cash
on the anniversary of the policy after
six months advance notice to the
commissioner in writing and the sur
render of the policy.
12. The losses and other pay
ments shall be audited by the secre
tary of state upon the adjustment,
order and certificate of the state
treasurer, attorney-general and com
missioner of insurance, acting as n.
board, and be paid by the treasurer
out of the life fund, and annuities
shall be paid in like manner.
13. (a) There shall ho nnriifari
by the secretary of state, upon the
certificate of the aforesaid board, and
paia oy me state treasurer out of
the expense element of the life fund
the compensation of clerks and assis
tants employed by the commissioner
to administer the life fund, a fee of
two dollat-s to the medical examiner
for each medical examination, and
the actual expense upon tho adjust
ment of any loss or the defmiRn nv
prosecution of any action. The com
pensation certified by such board due
employes of the state paid a fixed
salary shall, instead of being paid to
such employes, be transferred into
the general fund of the state.
(b) There shall be retained by any
person insured paying direct, or by
any other person transmitting any
application for Insurance or any an
nuity, or collecting and transmitting
any premium, a fee of twenty-five
cents for each application and a fee
of one per cent on the amount of the
premium. Any such other person
transmitting an application or prem
ium shall bo bold to be the agent of
the insured.
14. Policies of life insurant mnr
I be issued to persons between the ages
of twenty and fifty yeaTs, in amounts
of five hundred dollars or multiples
thereof, upon being aproved by tho
commissioner of insurance and the
state board of health; but no policy
or policies shall be issued contrary
to section 1898, nor upon the same
risk, invexcess, .bfono. thousand dol
lars, until ,tke number of insurants
"shall exceed one thousand,nor in ex
cess t of- two.. thousand dollars, tuntil
.the number. oL-insurantsr shall. exceed,
threes thousand, . nor at. any.. time in
excess ot. three, thousand dollas.
15. - Annuities may -be granted- to .
persona between- the- agesi o twe.nty
and fifty years, to begin at- the age
of sixty years or more in sums of
one hundred dollars or multiple
thereof, not exceeding three Hun
dred dollars upon the same risk.
16. Life insurance and an an
nuity may be combined and may bo
granted in the same policy.
17. The accounts of the life fund
shall be kept by the cbmmissioner
of insurance and shall be audited in
the same manner as the accounts of
state officers. Valuations and reports
shall be made annually, conforming
to the reports required of the insur
ance companies by the laws of this
state, but, except as specifically pro
vided, the other provisions of the
laws relating to insurance shall not
apply to the life fund.
18. The commissioner of insur
ance shall make such Nreasonable
rules and regulations for the grant
ing of life insurance and annuities,
as shall be necessary to carry out the
provisions of this act.
Section 2. This act shall take
effect and be in force from and after
its passage and publication.
DON'T PAY TWO PRICES i
Bavo $18.00 to $22.00 on
HOOSIEK
RANGES
AND
HEATERS
Why not buy tho best when
you can buy.them at such low, unheard-of
Fictory Prices THIRTY
DAYS VKEB TRIAL BEFORE YOU
BUY. Our mw irnrjrorernents abso
lutely surpass anythlnc ever produced.
uooflieruteei m 0DR KKK catiloo ahd frices.
I nOOSIEK STOYE FACTORY 1Q1 BUU Bt Marlon, tod.
ff WTlr
MMWnWMMMMHBI
FAULTY METABOLISM
AS A COMMON CAUSE OF DISEASE,
la the subject discussed in Bulletin
No. 1 of the Shafer Pathological
Laboratory. The Bulletin Is sent
free on request and will prove inter
estlnc to everyone In Pain and
Poor Health.
Address: John F. Shafer, M. D.
21 Pcnn Ave, Plttsburo, Pa.
Subscribers flawrtiiittg. Dcpi
This department Is lor the benefit
of Commonor subscribers, and a special
rate of six cents a word per Insertion
tho lowest rate has been made lor
them. Address all communications to
Tho Commoner. Lincoln. Nebraska.
DEGOS Valley Irrigated lands lor sale
1 and exchange. William Dooley &
Co., Artesla, New Mexico.
A NTONB knowing tho whereabouts of
" Cornelius Vandyke Mooro, who left
Philadelphia, Pa., 1876 and was located
at Aurora, Nebraska, In 1882, is ro-
Juested to advise his sister, Mrs.
dolla C. Mooro Roberts, Morloy, Mo.
IN order to settle an estate, want ad
1 dresses of following or their heirs:
Thomas Foley, lived at Baraboo, "Wis.,
43 years ago; James Foley, loft Ireland
for England CI years ago. Address E.
M. Terry, 828 Lynn Ave, Baraboo, Wis.
UAVANA Cigars, majlo from puro
Havana tobacco, 25 for $1.00, de
livered anywhere in tho United States.
Havana Specialty Co., Dept. 16, Batoi
Rogue, La. '
M CCC California Homo, good sub-q-,UUUstantlal
modern 9-room houso;
corner lot, GOxlOO; block to car lino:
ten minutes to business center; easy
terms; write owner, Wm, M. Butter,
121 Telegraph Ave., Oakland, Cal.
M
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