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About Omaha daily bee. (Omaha [Neb.]) 187?-1922 | View Entire Issue (April 1, 1906)
6 the omatia daily bee: suxday, atotl i, ioos. NEW LAWS FOR INSURANCE Eorafithin? of the Trend of Present Day LfltfalatiTe Actirity, DANGER THAT LIES IN STATE CONTROL Too lneh rower la (he flan da of th Department of Sew York Matters Now Kland. The public Interest In the business of In surance and the mnannifnt of the com rallied conducting It has given rise to much proposed legislation In tho various states, nme of which Is wise and desirable, but most of which Is foolish and not only un necessary, but positively harmful. The tendency to interfere by drastic measures In Insurance matters la the natural outcome of the conditions which have lieen . recently exposed. Until tho KqiiltaMe row began the public continence In the great life Insuranco companies was unbounded, Immense sums were annually 'pld to them and no questions were asked by the policy holders that smacked of im pertinent curiosity regarding such trifling things as expense of management, or the squandering or manipulation of trust funds. The exposure of corruption and Incom petency in men who have long lived In the odor of sanctity, the disclosure of whole sale blackmail and the faithlessness of both company and state officials, whose duty required them to protect funds Impressed with the most sacred trust known In our modern life, have Inspired . the agitation about Insurance that will not end until the utmost publicity Is achieved In all that per tains to solvency and managenient; until blackmail ceases; until dishonest and In competent state insurance departments are thoroughly cleaned out, and a system of efficient supervision Is established that shall nienn something more than the collection of tolls and license fees and the maintenance of fat jobs for political shysters. Tho -startling revelations of -Incompetency In tho Insurance department of the state of New Turk, and the wanton and fraudulent wusto of publlo money In tho Pennsylvania department, to say nothing of more Insignificant cases of dishonesty and ignorance, have created a feeling of general distrust with the Insurance laws in force, and their administration. neaaona for Insurance Legislation. The two things responslble'for flooding every legislature now in session with bills of ono sort and another relating to in surance, are the public dissatisfaction al ready spoken of, and the fear that some movement may be put on foot through public condemnation of the present system of Insurance supervision that shall dis place recreant or Incompetent public of ficials. There Is seen,, an active though newly bom, desire on the part of legis lators and Insurance commissioners to earn the publlo confidence, and stop unfriendly criticism; but this desire manifests Itself by striking at the business to be super-1 vised; and In obstructive and not construe tlve measures. In many states Mils have been introduced requiring the life insurance companies-ho have Issued what is known' as deferred dividend policies, to annually apportion and credit the so-called surplus from the accumulations thus created to the several policy holders. Legislation along this line that does not ignore the actuarial side of the question Is a step towards a needed reform. The most searching investigations have shown the solvency of the principal life insurance companies to be unimpaired. The stock fire companies have not been subjected to a similar scrutiny, for these companies have for a hundred years pro- and 'have been factors In building up our commerce, and the credit that under lies It. Though the fire waste of the United States Is at least 150,000.000 an nually, these enormous returns by the fire 'companies to their insured have not weak ened the resources of those companies that do business outside of the slates of their creation, though In the great conflagra tions that have taken place some of the Smaller companies have gone to the wall, liven so, the risk of loss through the In solvency of fire companies Is practically nothing. Notwithstanding these facts. It i " i i i'j'v' i , ij nuu iu 1110 ulii i it 1 1 o cii 1 1 rauj imposed on those companies and to increase the expense of doing business by taxation and' otherwise, under a variety of schemes which the genius of Ignorance has pro duced. All of these burdens are borne bv tho policy holders ultimately, and every fresh exaction from either fire or life com panies, whether under the pretense of supervision, which In twenty-eight states during the fiscal year 1902 was 15,000,000 more than it cost, or by oppressive and unequal taxation. Is a tax on a tax. Such legisla tion Is vicious in principle and Is rooted in the theory that the looting of trust funds Is proper when the state does It. Every U. 1 1 1 1 .1M 1 t Vl ft f BUAMf Inlirl.lil.l M.Kn has a gru-lge aguinst corporate enterprise, every legislator with a socialistic tendency lias now a chnnce to embody his notions In a statute, and there is the possibility of almost Inconceivable harm to the real Inter ests of tho Insuring public by the whole sale manufflctiire of legislative straight jackets for Insurance companies. Kyes Tarsrd to Sew York. The action of the New York legislature will be watched with interest. Though the Armstrong committee wisely avoided In quiry into those conditions which were stated by Insurance officials as a reason for the expenditure of large sums to pre vent hostile legislation, there Is ground for the fear that the state of New York will shortly enact laws that will virtually place the management and control of the In surance business of the United States with the insurnnce department of that state. This will bo done by presorlblng not only how the business of the New York com panies shall be conducted in New York state, but elsewhere, and by requiring com panies of other stales that may wish to enter the state of New York to comply with such requirements In detail. And these requirements will 'Involve not only control of the plan or method by which the business Is conducted, but will place hitherto unhcard-nf restrictions upon tlie Investment .of tho funds of the companies. No fault could be found with any plan to compel publicity with regard to such mat ters, but to say to Insurance companies that they shall not be permitted to conduct their business except as the legislature of a state shall direct Is revolutionary and may destroy this great Institution. It was stated within a year by a New York paper that the "Bsg Three" life com panles Ihe Equitable, the Mutual and the New York Life have takon more wealth to New York than the Caesars took to Rome. No wonder that New Tork wants to control the Insurance business. This proposed leg islation repudiates the accepted usage of the commercial world that makes Insurance an element of commerce, and thus the prac tical Importance of federal supervision ap pears from .a new angle. New York should not be permitted to extend Its absolute' do minion to an Interest that vitally affects the whole American people. The marine commerce of the I'nlted States, the industrial enterprises of this country, are now chiefly centered In New York, and it has practically sole direction of these factors of our commerce; but the insurance of America is a trust, and the beneficiaries of th trust are the widows, the orphans and the victims of misfortune by fire or other calamities. Why should the Interests of all these millions be confided to the In surance department of the state of New York? Argument for Gorrrnmeat Control. The Equitable life received less than twenty per cent of its total premiums for 1903, from its policy holders residing In New York state. The Mutual life received 13 per cent and the New York Life but a fraction over 15 per cent of thejr total premiums from their home state for that year. The seventeen largest fire Insurance com panies of the state of New York with a combined total 'of risks aggregating $5,740, 000,000, wrote only 3 per cent of their busi ness for JD03 in New York, and received only U.1 per. cent of their premium In come for that year from their business done In the stato of New York. These statistics are significant. It may be conceded that the New York insurance companies, fire and life, are entitled to all the business outside of the state of New York that they have. The fact s, however, that over 80 per cent of all the business transacted by the "Big Three"' life companies is done outside of New York state; and- that 75 per cent of the business of the fire Insurance companies of New York state, which Include some of the strongest and most reliable in the world. Is done outside of that state. The point Is. that the state of New York ought not to be permitted to dictate to the. rest of the United States on so Important a subject. And it does not affect this view that some of the Insurance commissioners of the country, who are considerably in evidence Just now. approve the proposed legislation. , If the control of the. interstate: Insur ance business of the United States Is to rest in any one department, whether actually or nominally, that department should be one whose administration will be under safeguards of a higher character than those which originate from Tammany Hall and the New York legislature. Let the state of New York control Its own business; Interstate transactions in Insur ance ought to be supervised and regulated by the federal government. RALPH W. BRECKENRIDOE. Declining- to Be Laundry. The Widow Now, gitttn right down teh cold, hahd facts, Mose, what am yo' pros pec's? The Suitor Mah deah, I'se got a good Job as manageh ob a laundry In sight." The Widow Well, yo' want teh git dat out ob sight an' fo'glt It! Mah last hus band had dat same hallucination, but de lady who promised teh lub, honah an' obey him positively refused teh. be de laundry." Puck. FIRE BUSINESS IN NEBRASKA Profitable Year for the Slaety-Klght Companies I'nderwrltlna the Risks. V From the Insurance department of the office of the state auditor of Nebraska has Just been Issued the statement of business done In Nebraska during by the ninety eight tire insurance companies licensed by the department to underwrite business In Nebraska, The report Indicates that these companies have found their business profit able. The figures for 1906 and 19u4 are: 19UU. 1904. Total risks written. $197,243,068.00 l70.4.r,.718.00 Total premiums collected J.WW.W7.27 iJlt.!KM Total losses paid ..' l.0.ti.ia Kw.78T.8T Total losses in curred 4C8.034.35 Ii93,a6.81 Analysis of these figures shows that 'In 1905 the companies returned to Nebraska In losses paid 65.66 per cent of the money col lected as premiums on rsks assumed In the state, leaving 44.34 per cent of the col lections to pay tho expense of writing the business. The losses Incurred during that year amounted to but 17.57 per cent of the amount collected for premiums. In 1TO4 the amount returned as losses paid was but 40.75 per cent of the amount collected for premiums, while the losses Incurred during that year amounted to only 29.39 per cent of the collections. In dollars and cents the excess of money paid In premiums on risks written in Nebraska during these years wasi 1905. 1904. Over losses paid I1.1B6.637.59 $1,390,198.71 Over losses incurred... 2,148,23193 l.62,348.77 The consolidated showing for the two years shows that 48.8 per cent of the pre miums collected were returned In losses paid,' while the losses Incurred amount to 23.35 per cent of the collections. The con solidated figures on collections and pay ments are: Premiums collected $4.952.X.1.R5 Triases paid 2.4('.175.55 Losses Incurred l,141,Hi0.1(i Kxcess of collections over losses paid : 2,546,048.30 Excess of collections over losses Incurred 3,810,581.69 An apparent discrepancy Is indicated by the figures given for losses Incurred during 19u5, for the Insurance on the property de stroyed In Omaha on the night of January 28, 1906, amc tinted to almost the total fig ure set down for the losses Incurred, whllo Lincoln had a big fire about tho same time. It may be that tho figures for 1904 and 1905 In this column of the report have been transposed. The four Nebraska companies, whose business Is Included in the total, make a fine showing for the year 1906. It follows: Risks Prem's Losses Written. Collected. Paid. Columbia Fire $18,717,047 $244,050 $78,819 Farmers Mchts.. 10.078.110 118, 1S9 40.2SI Neb. Underwriters. 7.261.416 10.1.657 18.169 State Ins. Co 4,535,144 70,429 13.838 The Columbia Fire shows a decrease In premiums collected as compared with the figures for 1904. but an Increase In the other Items. The Farmers and Merchants' figures are all increased over 1904, whllo the Nebraska and the State companies show an Increase in risks written and pre miums collected, but a decrease in losses paid. -- mitt CRITICISM COMES EASIER Remedy In Hard to Provide Especially for Technical Parts of In snrance Baslness. Secretary A. Jarvls of the Fidelity Mu tual Life Insurance company of Philadel phia, speaking of the recent insurance in vestigation, says: "President' Fouse was asked his opinion of the report made by the New York ln ilgatlng committee, and of Its recom mendations. He replied. 'The committee did excellent work in the way of exposing official rottenness and abuses growing out of the efforts made on the part of certain financiers to use insurance capital to pro mote their own special business enterprises, without due regard for the Interests and security of policy holders. The recom- mendatlons, however. Illustrate that It Is much easier to criticise than to provide remedies that will correct abuses. For months the committee took ex-parte testi mony, no cross examination was permitted, no testimony was received except such aa they wanted to hear, and on such testi mony they made their report and recom mendations. This is too one-sided, partial and prejudiced to be of any substantial value to the business of life Insurance. This is especially true of the portion of the recommendations which have a bearing upon the technical features of the business. If a committee of laymen were appointed to investigate, for instance, a drug estab lishment, . It could probably make an in telligent report with regard to the business regulations, but if it undertook to go into fjhe technical features of compounding drugs, not much could be expected, and very few people would be willing to use the drugs compounded under the direction of such a committee. If the people will do more reflecting and thinking for them selves, they will soon discount many of the recommendations of the committee." " Confessions of a Life Insurance Solicitor ' It Is 'an age of confessions, unhappy wives, millionaires, clergymen who have missed their culling, those who've married und wish they hadn't, others who have, not entered the estate of holy matrimony and wish they had, political refugees and punb-curt men, not to mention the lucx tinfruiHhahle ljiwmm, all would pour their confidence Into the ear or a long suffering public. It is borne In tlpon me that no one ha yet told 'all he knows about the life lnsurunce business. ' The general Impression seems to be that the solicitor of life Insurance possesses advantages similar to those noted by Pat. when he yearned to be a bishop, because it looked like "such a nice clanc, atsy sort of a Job." It Ik all that, and more. A solicitor's stock In trade is so simple, a. rate-book, a fountain-pen, a few blank applications, and a whole world waiting to bo Insured. All he has to do Is to quote somo figures from the book, hand the ap plicant the pen and show him Just where to write his name. Ine name Is In variably written on a dotted line at the. foot of the pnge. All cumpanleS are alike in this particular. Of course, before you get to the dotted line there art a few questions to be answered, and occasionally it may be a little difficult for the would-be Insurer to answer all these satisfactorily to himself, the life Insurance company and you. Once a man couldn't remember what his grandmother died of at age 91. He pre sumed it might have been old age. but It won't do to presume with a life Insurance company. He was turned down.. Then there was a man who remembered that the maiden aunt of his father's first nlfe had married somebody he'd be blessed If he could remember the fellow's name. They had moved to California years ago. be fore the Union Pacific was put through. May have been killed by the Indians, for all he knew. Well, we couldn't take a man nlth anyone In th family unaccounted for, and with such a poor memory Into th bargain. So we promptly turned- him down. After you get the application tned and these family matters are settled, the medi cal examiner has the privilege of asking a few questions on his own account, and this is the most exciting stage of the busi ness. One day a fine looking, well dressed young man came Into my office and announced that he wished to take out a straight life policy for tli,0"0. lie answered all the questions promptly and satisfactorily. Wheu, I canio to "How much insurance do "you carry in other old line companies?" he rattled off a list something like this: Red Men. $1,000; Knights of Industry, $2,000; Tribe of Powhatan, $2,000; Descendants of the Mayflower, .$5,000; Rough Rid "There, there!" 1 interrupted. "That's all right, but these are not old Una companies. Well, come to find out, he hadn't any old. line, and I proceeded to impress him with the good Investment he was making when he took insurance with us. That application cami back from the doc tor with these comments: "N. O. Heart beut too rapid. Liver enlarged. Too tall for his weight, two false teeth In the upper Jaw, slight defect In vision of one eye. Has aad grippe twice and about his time of year is apt to catch cold. Feel obliged to decline to pass such a risky risk." Our company writes women. It is as tonishing how readily women are brought to bee ihe advantage o( life Insurance. Their perceptions are quicker than men's, and I have long since been won over to the highest regard for a woman's business ability when she has it. Even with this In her fa vox, It is sometimes best to fight shy of women with mule relatives. I wouldn't admit it to my wife, but there is really nothing a man loves to do so mu'oh on to give advice, and the less success he has had In managing his own business af fairs the more ready he is to assist his women folk with theirs. The best woman to write is a widow who Is an only child and uu orphan. '. I have seldom found women reluctant to tell thulr ages. That nonsense has passed away, with crinoline and ringlets. If there is any difficulty in coming to an under standing with them, It is generally on the subject of a name. Once I ass writing a srusiblc lit tie woman, th proprietor of a small store. Wo came to her name. It waa Birdie Brown. "Birdie?" I repeated. "That can't be your Christian name. What's your real name?" i "Why, everyone calls me 'Birdie.' " "But what do you sign your checks?" "B. Brown," she replied. - After talking for three-quarters of an hour I discovered that her name was Bar bara, but she absolutely declined to take a policy unless allowed to sign herself "Birdie." One day's mall brought me a thin paper bound book of poems. I was quite at a loss to know where they came from until n explanatory . note came from the authoress, who wan a policy holder. Tho note went on tc state that her policy, an endowment, payable to herself, was made out to Lily; but, now that she was a poetess, she preferred It should be changed to Lillian. Lillian was so much more distinguished. The sweet unreasonableness of woman came forcibly to my notice lately. We wrote a woman who desired an investment for her earnings, and who waxed eloquent over her thankfulness In finding that In surance provided so safe and easy a method of laying by for a rainy day. The policy was written and she gave her note for four months. Just before the note fell due we sent the usual notice and received a reply, running after this fashion: "I received your notice about my note. I hava been meaning to write to tell ;ou that I do not care to keep the policy after ail. and here It Ms with the note. Yours truly, " "P. 8 I ant going to be married." There Is no doubt that insurance presents a vocation full of Interest, and since the retirement of so many life Insurance presi dents and other high officials on half pay there Is plenty of room at the top. After a day spent In doing good to others In this pleasant and profitable pursuit, the average agent should sleep well, with a clear conscience, and bis dreams, . per chance, may take this form: (Sign here.) (gn hers ) (Sign here ) (a here (Sign here.) " fere )"" SOLICITOR. 1896 SAFE, SOUND, SECURE A Nebraska Company for Nebraska People 1906 ' German Mutual Fire, Insurance Company Of Omaha., Nebraska V Tenth Annual Statement ' December Slat, 1005. 1905 ... Premiums Written, Losses Paid, 1905 - Losses Unadjusted - Losses Adjusted and Unpaid Assets, December 31st, 1905 Losses Paid Since Organization $127,209.03 38,389.32 None None 107.756.61 286,131.95 OFFICERS: 3 AX E. WHITE, President and Treasurer JOHN WALL. Vice-President O. W. HICKS. Secretary F. P. OOWDERY. Assistant Vice-President DIRECTORS t JAY E. WHITE LEW W. MARSHALIi C. W. HICKS H. W. HICKS JOHN WALL Vw...iiAis.iiwii.n.. 'ii. i i .i i mm ii.hiii. , ii ....... ..u.......,. .it i. a jiis,.ai i j iiiay iinnni mm. iu f W. hmm S urn M trnitli NSURAKCE, REAL ESTATE, LOANS Telephone Douglas 1064 . 1320 Farnam Street OMAHA, NEBRASKA CERTIFICATE OF PUBLICATIOM BTATB OF NEBRASKA. OFFICE OF ATUITOR OF PUBLIC AC COUNTS. LINCOLN, Feb. 1, 1906. IT IB HEREBY CERTIFIED, That thn London and Lancashire Fire In surance Co. of London, In the state or England, has complied with the Insurance law of thin state, appli cable to such companies and Is there fore authorised to continue the busi ness of Fire and Lightning Insur ance In this state for the current year ending; January 31st, 1907. Witness my hand and seal of the Auditor of Public Accounts, the day and year first above written. K. M. SEA RLE. Jr.. (Seal) Auditor of Public Acounts. JOHN L. FIERCE, Ieputy. CERTIFICATE OF PrBLICATIOH BTATB OF NEBRASKA, OFFICE OF AUDITOR OF PUBLIC ACCOUNTS. LINCOLN. Feb. 1. 1908, IT IS HEREBY CERTIFIED, That the Quoert Insurance Co. of New Tork. In tho state of New York, has complied with the Insurance law of this state, applicable to such companies and Is therefore authorized to oontinue the business of Fire and Light ning Insurance In this state for the cur rent year ending January 81st, 1907. . (Witness my hand and seal of the Auditor oT Public Accounts, the dsy and year first above written. E. M. BE A RLE. Jr., (SeaL) Auditor of Public Accounts. JOHN U PIERCE, Deputy. CERTIFICATE OF PUBLICATION BTATB . OF NEBRASKA, OFFICE OF AUDITOR OF PUBLIC ACCOUNTS. LINCOLN. Feb. L.1901 IT IS HEREBY CERTIFIED, That the Federal Insurance Co. of Jersey City, In the State of New Jersey, has compiled with the insurance law of this state, applicable to such companies and Is therefore author ised to continue the business of Fire' and Lightning Insurance In this state for the current year ending January 31st, 1907. Witness my hand and seal of the Auditor of Public Accounts, the day and year first above written. E. M. SEA RLE. Jr., (SeaL) Auditor of Public Accounts. JOHN L. PIERCE. Deputy. CERTIFICATE OF PTJBLTOATIOlf BTATB OF NEBRASKA, OFFICE OF AUDITOR OF PUBLIC AO COUNTS. LINCOLN, Feb. L 1908. IT IS HEREBY CERTIFIED, That the Niagara Fire Insurance Co. of New Tork, In the state of New York, has compiled with the Insurance law of this state, applicable to such com panies and Is therefore authorised to oontinue the business of lire and Lightning Insurance In this state for the current year ending Jan. 11. 190T. Witness my hand aad the seal of the Auditor of Publlo Accounts, tho day and year first above written, E. M. SEARLB, Jr., (Seal) Auditor of Pebllo A count, JOHN U PIERCE. Deputy mo Slxlh Annual Statement of the M6 Columbia Fire insurance Co. of Omaha, Nebraska Capital Paid in Cash $200,000 Total Resources $610,968.64 January 1, 1906 ASSETS First Mortgage Farm Loans Municipal Bonds State, City and School District Warrants Cash in Banks Cash in Office Bills Receivable (Farm Premium Notes not matured) , Premiun in course of collection Due from Insurance Companies Accrued interest on Bonds, Mortgages, warrants and Certificates of Deposit IS 74,950.00 67,200.00 6,412.87 44,841.90 876.68 72,791.99 82,281,28 1,699.52 9,914.50 LIABILITIES Capital Stock $200,000.00 Due Agents and Others 5,679.55 Reserve required by law for the protec tion of Outstanding Risks 335,583.96 Losses Adjusted and Unpaid None Loses Unadjusted 8,065.68 NET SURPLUS - 61,739.45 $610,968.04 $610,908.64 Total losses paid since organisation of Company Increase in Assets ..$109,339.03 Ipcreaae. in Reinsurance Reserve 104,000.78 Increase in Net' Premiums 9.1,848.10 .$354,156.19 Strong, conservative, progressive, faithful. Overhead writing strictly prohibited. Insures against loss from Fire, Lightning, Windstorm or Tornado. Issues the easiest selling farm policy in the country, covering live stock against Iosb by fire or tornado on or off premises of assured. Admitted to Nebraska, Kansas, Iowa, South Dakota, Oklahoma and Indian Territory. The Largest Insurance Company ever organized in the middle west. Officers D. K. THOMPSON, Prealdent I. M. RAYMOND, Vice Pre. JT. B. DINSMORK, 2nd Vice Pre. O. D. MULLEN, Bee' and Treaa. C O. TALMAGE, Asst. Bcc'j. Directors D. K. Thompson I. M. Raymond Henry Ragata O. E. Yoat D. O. Giffert H. A. Wlsgeahora JT. T. Ureosler J. II. Mllee C D. Mullm Certificate of Publication BTATB OF NEBRASKA, OFFICE OF AUDITOR OF PUBLIC ACCOUNTS. ; LINCOLN, Fab. L ISO. It is bcrebr artmed, that ths Columbia Fire Insuranoa Co. of Omaha. Id th Slat of Nebraska, has compiled with ths Inaur anca Laws of this Stats, appUoabla to sucn companies and Is therefor authorised to continue the business of Fire and Liajht nine, and Cyclone, Tornado and Windstorm Insurance In this state for the current year ending January tL 1907. Witness my hand and the seal of the Auditor of Publlo Accounts, the day and year first above written. . ii M. 8EARLE, Jr.. (Seal) Auditor of Publlo Aooounta, JOHN L. PIERCE. Deputy. if ii TEE McGAGUE INVESTMENT CO. Insurance Real Estate Investments Ii Business in 0ma.ha. Twenty-Three Years McCAGUE BUILDING 1506 DODGE STREET CERTIFICATE OF PUBLICATION. State of Nebraska, Office of Auditor of Public Accounts, Lincoln,' Feb. 1st. 1S0 -It Is hereby certified that tht Home Fire and Marine Insurance Co. of California, In the state of Califor nia, Las cvmplled with the Insurance law of this state applicable to such roirianlra and 1 therefore authorlse-l to continue th" business of fire insur ance in this state ror tho current year tiding January 31st, iiJT. Witness my hand and the seal of the auditor of public xrounti the day and year first above written. E. M. BKARLE. Jr. (Seal) Auditor nf Publlo Aocounta JOHN L. P1KRCK. Deputy. CERTIFICATE OF PUBLICATION. Stat of Nebraska. Office of Auditor of Public Accounts, Lincoln, Feb. 1st, l6.Mt U hereby certified that the Traders Insurance Co. of Chlcaco, in the state of HlUiuts, lias conipllod with the Insurance law of line state appli cable to such companies and It there fore authorised to continue the busi ness of fire and tornado Insurance in this state for the current year eudinc January Sat, Witness my hand and the seal of the auditor of public aooounta the day and year first sbove written. E. M SEA RLE, Jr., (BeaU Auditor of Publlo Accounts. JOKrf L. PIKUC12, Deputy. CERTIFICATTl' OF PUBLICATION. State of Nehraaka, Office of Auditor of Publlo Accounts, Lincoln, Feb. 1st, 1 It Is hereby cert Hied that the Aaaurance Company of America of New Tork. In the state of New Tork, has complied with the Insurance law of this state, applicable to auch com panies and la therefor authorised to lonllntie the bualneHS of Are and flfhtnlnsT Insurance In this slate for the curient year ending January Slat, Witness my hand and the seal of the auditor of publlo accounts th day and year first above written. E. M. 8 1. A RLE. Jr . iBeai) Auditor of Publlo Accounts. OHN L. PIERCB, Deputy. CERTIFICATE OF PUBLICATION. Htate of Nebraska, OfTlne of Auditor of Publlo Accounts, IJncoln, Feb. 1st. 1K0 It is hereby- certified that th Aachen and Munich Fire liiHuranc Co, of Ala la t'tiapellt!, In the Stat of Ger many, has compiled with the Insur ance law of this atate, applicable to such companies and Is therefore au thorised l continue the business of flie and lightning Insurance In this state for the current year, January Slat. 117. Witness my hand and th seal of th auditor of publlo accounts th day and year first abov written. E. M 6EARLE, Jr., (Seal) Auditor of Publlo AooouaUa, JOHN L. PIEJSCO. Deputy. 3 T09 Ota