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About Omaha daily bee. (Omaha [Neb.]) 187?-1922 | View Entire Issue (March 12, 1905)
18 HOTJ3E Lifo Insurance Co. OF NEW YORK. ' GEO. E. IDE, President Certificate of Publication. State of Nebraska. Office of Auditor of Fubllc Accounts. Lincofli, Feb. 1st, laoi. It lit hereby certified that the Home Life Insurance Company of New Vork, in the btate of New Wrk. has complied with the Insurance Law of thin Stat?, applicable to such companies and is ineretere ut horizcd to rontlnue the bultices of Life Insurance In hU state lor the current year ending January itlst, lie (I. Summary of report filed for the ysar ending December Hint, 1LM; INCOME. Premiums $3.'1 S.vpn.ci All other suurciH.... 7e,T&ti.l Total !,::,. M tMHHt RSKMKNTH I "aid policy h'iilTH. . .l.i'l.lif..-1 Ail other payment., W6,4f1.7) Total 2,317,4lT.H ADMITTED ASSETS. 18.tfM,Se0.0 LlAniLlTIEH. Net Rsserv Ho,PW.tn;.( Net policy Claim T.ri.M.ii AU other liabilities... m.VH M w.M3,la5.82 Capital gtork Paul up lZo.ViKO Surplus beyond Capi tal Stork Rnl other liabilities 1,018.SJ4.W-$1,3.224.M Total $16,656,360.08 Vltness my hand and the seal of tho Auditor of l'ublli' Accounts tho day and year first ubove written. E. M. SEARLE, Jr., Auditor of Public Accounts. (Seal) JOHN. L. PIERCE, . Divuty. Liberal and attractive agt'iicy con tracts iu Xebi'AHkti to a few good district men. Tho best of references required. Write or cull on ' J. D. LOONEY, MANAGER. 201 First Natlon.nl Bunk Building, , Omaha. Neb. NATIONAL LIFE Insurance Company OF VERMONT. THE OMAHA DAILY REE: SUNDAY. MARCH 12. 190r. Certificate of Publication. STATE OF NEBRASKA, OFFICE OF AUDITOR OF PLHUlO ACCOUNTS. LINCOLN, Feb. 1, i&05. IT 18 . HKREBY CERTIFIED. Tnat the National Lite Insurance company of Mont peber, in tne state of Veriiioni, haa com piled with tne Insurance Imw ot this State, applicable to such companies and 1h there lore authorized to continue the business of Life insurance in this btato for the cur rent year ending Jan. 81, 19ut. HUMMARY OK REPORT FILED FOR THE YEAR ENDING DEC. 31, 1904. INCOME. Premiums f 6,4M. 408.66 All other sources. . . l,4W,tiil.M .Total DISBURSEMENTS. Paid policy holitrs..$ 2,42t.6S1.15 All otner payments.. 1,6&,V.)6.61 Total $ 3,963,417.63 ADMITTED ASSETS. 931.397.182.X4 LIABILITIES. Net Reserve 17,442,107.85 Net Policy Claims... sl.a7a.fro A) other liabilities.. 46tf,f!)7.42 $27,940,377.77 Hut-plus ' beyond .Capital -Stock and tother liabilities..-.. 3,456,804.37 $ 8.466.804.37 $ 6,890,013.14 Total $31,397,182.14 Witness my hand and the neal of the Auditor of Public Accounts the day and year first above written. ' E. M. SEARLE. Jr.. ' Auditor of Public Accounts. (Seal) JOHN L. PIERCE. Deputy, CHAS. E. ADY, General Agent, 401-2-3 Paxton Block, OMAHA, NEB. Real Estate, Loans and Fire Insurance Certificate of Publication State of Nebraska Office) of Auditor of Public Accounts Lincoln, February 1st, 1005. It Is Hereby (Yitltied, that the Com monwealth Insurance Co., of New York, lu tbo State, of New York, has compiled with the Insurance Law of this State, applicable to such Coniiwules and 1 therefore authorised to continue the business of Hie insurance In this State for the current year ending January 31st, PJOO. Wltuess my baud and the seal of tho Auditor of Public Accounts the day and year Urst above written, (Seal) K. M. 8KAKLK, JR., Auditor of l'ublle Accounts. JOIIX L. PIKUCE. Deputy. V. H. THOMAS 003 First National Bank Bldg. CertificaLte of Publication , State ot Nebrtuku. Office of Auditor ot t'uulio Accounts. Lincoln, Feb. is;, ij6. It Is hereby certlneu tnat tne New ork Li.e iiihu.aiu-e cuuii-uuy oi New loin .n me ktaie of New lui naa complied wun mo insurance l.aw ot tins otitic, uppiuuolu iu kucn coinpuriit .1 kiiu la Uiereioic au lttOueu to continue tile .business of Liftj iusurunce In this Statu tor ine vurrvue mr enuing January Hist, ill. '6. summary ot report tneu tor thq year end Inn December oit, 1!: Income. Premiums .M,&oti.577.. 60 Alt ulnar sources i6.4,tiui.i.' Total $'J6.691,r?: 12 DISBURSEMENTS. Paid policy hunters. .S4ii,i.&3.lJ AU otmr payments.. j9,i4i,Mo.i Total K. 831, 723. 97 ADMITTED ASSETS .meco,:6.3s LIABILITIES Nt Reserve AK,)!i:',4il.S3 i Net Policy Claims.. S.JM.fciH.tiN All other liabilities 2,OSiti.J4i.ai $34r,0i3,6t8.82 surplus t eyond Cap it! block and out er liabilities 40,576,611.63 45,76,611.61 Totil r 9O,f.20 3i Witness my hand and scul of the Auditor ot Public Accounts the day wild year llrst above written. K. M. HKARLE, Jr.. Auditor of public Accounts. (Seal; JOHN. L. PIERCE. ' - . ' Deputy. WE 61V: FRE ! 1ICKEIS U CAIKRHU nd us 10 t ta. for particulars and copy of our "Uulde to Culliortilj. ' Write today. Artdrcvs WoiiK'ieekri'H ltuieau Co, iily "ii ' UUa , Loa AtiBoli.s. Cul. TALKS WITH INSURANCE MEN Just How the Policy Sellers Size Up the Present Situation. TELL WHY EVERYBODY NEEDS ' INSURANCE Reaseas far Satisfactory Caadttloas of Business la All Lines In Omaha and the West. "Conditions were never . belter," said U. D. Ncely of the Equitable and Life Assur ance society. "The company report the largest February business It has ever writ ten. The general trend U toward larger policies, as the people get more prosper ous and as they get more confidence In the Insurance companies. Insurance Is coming to bo recognised as one of tho best Investments a man can make and the business Is steadily growing. The company has been represented In this city longer, but It first opened Its own offices here In 1891. Since then we have been, re porting direct to New York, and I am able to say we expect to send In a bigger business this year than ever before. The prospect Is bright." "There Is a great demand for the new branches of Insurance, such as burglary Insurance snd liability Insurance of every description, including even the latest fly wheel Insurance," says George Palmer of Palmer, Son & Co. "The last named Is entirely new. At the present time It Is offered only by one company, the Fidelity and Casualty company of New York, but, doubtless, in a short time all the casualty companies will add It to their lines. Fly wheel Insurance may be compared to steam boiler Insurance. It covers the assured'! liability for dumnges and property dam aged in case of fly-wheel bursts. TJe In crease In the demand for burglar Insurance haa been very marked during the past year. Nowadays nearly all of our custo mers carry burglar Insurance, not only on their household goods, but on the contents of tho safes In their business places. The demand for tornado Insurance has also Increased greatly during the past two or three years. Merchants are realising that heavy tornado losses do occur. The storm at Minneapolis last year was near enough at home to be an object lesson. Alto gether, the prospect for, the future in all kinds of Insurance Is good." Mr. Stanhope Fleming says: "The life Insurance business Is sharing in the gen-' eral reign of prosperity and Omaha, owing to It situation and other condition, Is even more on the upward bend than other cities. 1 From the sixty-second annual statement of the Mutual Life Insurance company, it appears that 109,967 policies, amounting to $231,608,259 during the year. Increasing the total amount of Insurance at risk from $1,446,228,681 at the beginning of the year to $1,547,611,660 at Its close, and these accessions were larger In number and amount than ever before. Aa an ob ject lesson as to the rate at which life Insurance la growing in Ncbrasku, I can tako the records of this office, which show that since 1896, when Fleming Bros, became the managers of the Mutual for Nebraska, Its insurance in this state has Increased from 96,600,000 to $11,900,000,. and In prem iums from $178,600 to $367,500. In Iowa tho samo managers have increased the Insur ance from $10,000,000 In 1893 -to over $29,000, 000 in 1904, and the premiums from $238,000 to $790,000. All 1 can say is that I am well satisfied with the situation and tie outlook." """" i Alf C. Kennedy, agent of the Orient In surance company: "I do not know that there is much to say in reference to the Insurance business other than H la start ing out very well this year. The Orient Is getting Its fair share of business and we anticipate doing a good business this year. Th tendency of the insurance com panies to pay their Are losses promptly is growing, and there is less quibbling about final adjustment of losses than In previous years. This Is owing to the fact that more care Is observed In taking risks, and the buyers ot Insurance are becoming equally conset ire with Insurance com panies. The rapid Increase of business, and the prevailing prosperity Is felt very acutely by the insurance companies. Busi ness is branching- sut more extensively, and as a consequence business men want their property protected by Insurance." John Dale, general agent of the Aetna Life Insurance company: "Asibetter times come snd go life insurance, like all other lines of business, improves with favorable conditions. The last year in this state is perhaps the best in ths history of life in surance in Nebraska, At least, such is our experience. Whlls life insurance Is only one branch of the, business of the Aetna oompany, the other branches, acci dent, health and employers' liability, havo proportionately increased, and substantial Improvement Is perceptible all along the line. The company has been laying tho foundations for a still larger increase in Its business. This Is atrlbutable to the general prosperity prevailing In the state and for the more efficient organisation of the company along all these special lines. The report of Theron Upson. Insurance commlBsioner of the state of Connecticut, upon the Aetna Life Is, of course, very gratifying to us. The report says: '1 havo made a comparative exhibit from your company's books, and the larger sur plus shown by the department's figures arises mainly from the fact that you have charged yourselves with a special reserve liability of more than $2,000,000 above that required by the statutes." The state of Connecticut, as you know, has the most rigid Insurance laws of -any state In the union." Charles O. Talmage, secretary of tho Columbia Fire Insurance company of Omaha: "The Columbia Fire Insurance company of Omaha reports an Increase in business last year of nearly 60 per cent over that df the preceding year. This is indicative of the fact that Nebraska buy ers of Insurance believe In patronulng home Industries. Our business so far for 1906 would Indicate a larger increase in business than for the previous year. The average losses so far have been heavier in 1905 than for tho same period in 1904, but they have not been above the average, for the reason that the losses during 1904 were exceptionally light all over the west. The outlook for the future is exceptionally bright. W are increasing our field force, with the expectation of an exceptionally large increase In business, which Is due to the fact that the demand tor first-class In surance is Increasing the same as other lines of bu-ilneiw. More business means more insurance, f he prompt payment and satisfactory settlements of all losses by the Columbia is familiar to all buyers of In surance. When an insurer pays for a cer tain amount of Insurance he Is entitled to It when Ills loss occurs, and it Is the policy of the Columbia to carry out that rule." "A large portion of the puUio has an lm preaslon that the life Insurance ronipniilvh have written nearly all Insurable people, et, as a matter of factstatistics show that the number of people written each year does noj compare with the Increase in population." says Joseph n. Chirk, locul manager for the Ormaida Lifo Insurance company of New York. "Notwithstanding this statement," continues Mr. t'lotk. "It al is Uut, with posslbl) au exerptlun hers and there, that the yearly business of the var ous companies has been Increas ing year by yesr for a numlier of years. Last year certainly was a great year for the life insurance business. Life insur ance business Is an Infallible Index of the financial conditions of the country. When a man understands the advantage of life Insurance his solflshnews can (renerally be ganged by the amount of his policy. The outlook Is Indeed bright for the life Insur ance man." ' - ; A member of the Insurance firm of I. J. Kennard ft Son Bald, in regard to the In surance situation: "As I have been read ing the stars in the Insurance firmaments. the paet shows that In 1903 the total of in surance carried In Omaha whs not In pro portion of the HRgregate wealth, while 1W4 showed a decided Improvement In this di rection. The present is tinted with roseate hoes. Indeed, local Insurance being on a substantial basis. There Is less cutting of rates among the agents and a better re lation between the Insured and the lu suurers. In the future I can see all the colors of the ralnbowa crescent of promise and hope to the Insusance men. Omaha is on a stuady upward climb, and conditions which affect other lines of activity also af fect Insurance." ' . "Of csurse, business Is good at present and will be so during the year," said B. L. Baldwin in bis office In the First National bank. "I do .not look for anything extraor dinary, but just a good, steady business. Insurance is not like furniture and produce that are ' affected directly as the condi tion of the people la. prosperous or the re verse. "We feel depressions, tif course, but fire Insurance Is a simple business proposi tion; every man who has a building of any value feels It Is ai matter of course to have a policy Covering It. With life Insurance it is somewhat different, ' and a generally prosperous time may have some direct In fluence on ltt The public la coming more and more to realize life Insurance is a good thing." Frank J. Haskell, secretary of Bren nan, Love &.Co says: "All branches of the Insurance business are In a very satis factory condition In Omaha and we are en Joying lower rtre Insurance rates than most any other city of our size In tho country. Omaha is very fortunate in having a thoroughly equipped fire inspection bureau, through whom the business portion has been completely rated under schedule, un der which Bystem the assured virtually makes his own rate; In other words, each rlbk has to stand on Its own merits. ' "Omaha Is one of the few cities that has escaped the 25 per cent flat advance during the last year on account of the conflagra tion hazard, and we escaped for the reason that the expert sent here by the companies concluded, after a two weeks' investiga tion, that Omaha Is so situated that the conflagration hazard does not exist. "Losses In Nebraska for ; January and February have been the heaviest for any like period In the history of the state, and In Omaha the Are Insurance companies have paid out so far this year more than they can possibly get . back during: the "ensuing year should they be so fortunate as toliave no more fires. The Insurance companies represented by 'Brennan, Love & Co. have paid over $40, 0CO, in losses' during the, first two months of the present year; however, 'the last few years have been very profitable to this office, and it all averages up lose one year and win the next. "The State. Insurance company, whfch con fines Its business, to Nebraska and takes very little risk In the congested district of Omaha, lost but $600 in the Mercer Are,, and Is the only company In our offlco that stands a chance to make any money in Omaha dutlng the present yar," . 'The number of fraternal organisations that arc carrying blessings untold and un measured to the need) millions of our land are legion." said Miss Mi Burdock, sec retary, of the Banker Union of the World. The work of these societies in its broadness is so comprehensive that It' takes within its sweep families .of the., earth. - : Not bounded by geographlca) lines it extends eastj west, south, and north, wherever man Is faund, where hamlet is built or home established. Not a selfish work Is that of our fraternal Institutions. The object Is not the enrichment of self, but the scatter ing bf-soeds of Kindness and fruitful deeds to grateful beneficiaries all over the face of tho earth. In this tremendous work of receiving and disbursing millions, of dollars yearly to the widows and orphans, the Bankers Union is doing Its part. "Looking backward over less than half a century wa may observe the birth and childhood of this grat fraternal system and note Its struggles, difficulties and triumphs. Today under the roof-tree of fraternallBta are gathered over 6,000,000 of earnest and thoughtful men and women." "The very prosperous times we are now enjoying do not affect fire insurance as thoy do life Insurance," said T. H. Fell. "People csrry Insurance on their houses as a matter of business. Health and accident insurance which we carry is affected by the good times. Again, boiler, plate glass lia bility and such protection Is carried by most buMness men. The fire companies, In their statement for February, give the best argument for fire Insurance that I know of. During the month of February the Pre losses amounted to $34,000,000. It would seem that anyone could hardly afford to go without Insurance on even a little cottage wMh such destruction going on. For the United States and Canada the average loss ration for a year is $160,000,000.. Health In surance Is. attracting attention from busi ness people. It Is one of the newer forms of Insurance and Indemnifies a man's wages. We are certainly doing a good business and everything point to a very prosperous year."; IsC Wildcat Companies Routed. The recent decision of the Illinois supreme court in the wildcat insurance cases has put a summary end to the activity of the surplus line companies operating In that state on charters issued by West Virginia. They interpret the decision to mean that a company not regularly 'admitted to Illinois Is violating the law In maintaining Its policy-Issuing office In Illinois if It s not licensed to do business In the state by which it has been chartered. Certificate of Publication. State of Nebraska. Office of Auditor of Publio Accounts. Lincoln, Feb. 1st, lJo, It Is hereby cerlliied tnat the Hartford Steam Boiler Inspection and Insurance Company of Hartford. In the State of Connecticut, has complied with the Insur ance Law of this State, applicable to such companies, and is therefore authorized to continue the business of 8 twain Hol.er In surance In this Slate for the current ytar ending January 81st, lun6. Summary of report III. d for the year ending December list, 1H04: INCOME. Premiums 1.2iil.n66.17 All other source .... U6.814.la Total $1,407,870,83 DISBURSEMENTS Paid policy holders 63.719.12 All other payments.. !,UM,KW.47 Total , ADMITTED ASSETS. $1,148,010.19 $3,412,544.93 LIABILITIES. Unpaid Claims and 1 Expenses 9 6i.X83.2a Unearned Premiums.. 1,811,666 W All other liabilities... 84 679 83 $1,902,171.64 Capital stock puni up 6ui.ovo.oo Surplus lieynml I apl- , mi Stock and other .1,1U1.SS6 3-1.610.S36.3 liabilities Total P.412,644.93 Witness my hand and the seal of the Auditor of Publio Accounts the day and year first above written. E. M SEARLE, Jr. Auditor of Public Accounts. 6l JOHN. JU PIERCE. le;mty. 11 nifty M; illion 'Dollars of insurance now in force in ten states A NEBRASKA FRATERNAL BENEFIT SOCIETY Organized at Aurora. Nebraska, only eight years ago and now justly regarded as one of the strongest fraternal companies in the United States. - THE ROYAL HIGHLANDERS Wrote Six Million Dollars of New Insurance Last Year Over 14.000 members in Nebraska alone. Paid $124,066.74 benefit last year. Net assets $479,165.80. This FRATERNAL GIANT invites you to write for information to W. E. SHARP, President THE ROYAL HIGHLANDERS full Executive Castle. Lincoln, Neb. fKnlsi'ssf it New Office Bldg., Aurora, Neb. ., , ji Ba TT T o INI IT Home Office 202-203 204 Paxton Block, Omaha. union A Well Pleased Beneficiary. Sunnier, la., Feb. 24, 1905. To the Bankers Union, Omaha. Gentlemen: I beg to acknowl edge satisfactory settlement by you of my claim arising under l'olicy No. 34527 for $2,000, is sued bv you to my deceased hus band, Mr. Thfis. F. Uitchie. The Rankers Union has my best wishes for its good work in pro viding for widows and orphans. UAKBAKA RITCHIE. Satisfactory Settlement Emporia, Kas., Feb. 10, 1005. To the Bankers Union, Omaha. This is to acknowledge; satis factory settlement by you of my claim, arising under Policy No. 33422, formerly held by my de ceased wife. With best wishes for the Bankers Union's success, I am yours trulv, W. W. BHEWEIJ. Bankers Union Recommended Albion, Neb., March 0, 1005. To the. Bankers Union, Omaha. Gentlemen: I'lease accept my thanks for satisfaclorv settlement of my claim arising under Policy No. 31101, issued by you to my late husband, Mr. Jacob Vogt. MAG DA LENA VOGT. The Bankers Union furnishes at reasonable rates the best possible insurance protection. It offers a fine combination of easy selling policies -Life, Health and Accident. It gives attractive contracts to good agents Apply for agency at the Home Office, or to John H. Routson, City Manager, 328 Neville Block. After a Loss You Need the Money Insure In a Company which Pays Promptly Farmers and Merchants Ins. Go. LINCOLN, NEBRASKA Oldest Established Company-Established I88S FINE, LIGHTNING AND TOItNADO INSURANCE :: t: ON CITY AND FARM PROPERTY :: :: Over $995,000.00 Paid to Patrons. A Successful Nebraska Institution Worthy of Patronage Omaha Agents Funkhauser & Funkhouser Telephone 31. 1218 Farnam St. GARVIN BROTHERS GOOD IHSURsNCE-QOOD INVESTMENT WE ARE STILL IN TI9E BUSINESS Note the Assets of Our Companies Northern Assurance Company fl2,454,705 Westchester Fire Insurance Co 3,030,471 Milwaukee Mechanics Insurance Co 2,025,207 TOTAL ASSETS... flOOlUoat The Best Costs No More Our Companies Have Stood the Test for Over Half a Century. We thank our many clk-nts for their business and solicit other and their Insurance. ' J. KENNARD & COMPANY ToJophono 307., 309-10 Brown Bik. CERTIFICATE OK ITBLICATIO. STATU OF NEBRASKA, OFFICE OF Al'UITOK OF i l'MAV ACCOCNTH. LINCOLN, Feb. I t, 100.. IT 18 HEREBY CERTIFIED, That the Svea Fire and Life Insuninro Co. of Goth enburg, Sweden., has compiled with the In surance law of this state, applicable to such companies, and Is therefore author ized to continue the business of tire and lightning insurance in this state for the current year ending Junuary 81st, !9)6. Witness my huud unU the scul of the Auditor of Public Accounts the day and year first above wrltttn. K. M SEARLE. Jr.. (Seal) Auditor of Public Accounts. JOHN Li. PIERCE, oeputy. CKIITIFK'ATK OF PI III.lt ATIO.V. STATE OF NEBRASKA, OFFICE Oi AUDITOR OF STHLIC ACCOUNTS. LINCOLN. Feb. 1st, 19t.i. IT IS HKREBY CERTIFIED. That th. Pennxylvtiniii Fire Insurance Co. of Phila delphia, Ph., has complied with tho in surance law of this male, applicable ta such companies, snd Is therefore author ized to continue tlui business of lire In durance In this state fur tho current yeaj eliding January Hist, 1806. WltneHH my hand and tho scai fit fhs Auditor of Public Accounts the day and yiar llrst above written. E. M. SEARLE, Jr . (Seal) Auditor of Public Account. JOHN L. PIERCE, Deputy. GARVIN BROTHERS REAL ESTATE, LOANS, FIRE INSURANCE, RENTALS. Tel. 952. 1604 Farnam St. ROYAL ACHATES A Nebraska Fraternal Order with Headquarters in Omaha Accepts men and women on etpial terms. One certiticate protects any two members of a family and pays the survivor iu event of death of either. Up-to-date features, splendid initiatory work and a remarkable record made. HOME OFFICE OMAHA, NEB. ARLINGTON III.OCK EMMA L. GRINNELL Supreme Secretary IRVING 0. BARIGIIT Supreme President