THE OMAHA SUNDAY BEE: MARCH 31, 1D07.
HEW EUGLAE1D
laniuaL Lire
GE CO.
J
CERTIFICATE OF PUBLICATION
STATE OF NEBRASKA, OFFICE OF
.AUDITOR OF PUBLIC ACCOUNT3.
LINCOLN. Feb. 1st. 1907.
IT 19 HEREBY CERTIFIED, That the
New England Mutual Llfs Insursme Com
pany of Boston, In the state of Massachu
setts, has compiled with the insurance law
of this state, applicable to such com
panics, and Is therefore authorized to con
tinue the business of life Insurance In this
stats for the current year ending January
fiat, 1908.
Summary of report filed for the year end
ing December 31st, 1906.
INCOME.
Premium $ 8.102.840.77
All other sources l,9Sl,ls4.S3
. Total I 8.084,u25.C
DISBURSEMENTS.
Paid policy holders...! g,9l.641.S
All other payments.. L477,u9.43
Total $6,429,450.96
ADMITTED ASSETS.
342,KC.91S.80
LIABILITIES.
Net reserve 37,9"3.Wl.K5
Net policy claims.... 3zi,717.39
AH other liabilities... t4W.Ul.15 88,824,520.89
Surplus beyond capi at
stork and other lia
bilities 4,002,398.41
Total $42,82ti,9180
Witness my hand and the seal of tne
Auditor of Public Accounts the day and
year first above written.
K. M. SEARLE. JR.,
(Seal) Auditor of Public Accounts.
JOHN L. PIERCE, Deputy.
G. W. NOBLE
General Agent
Bss Building. OMAHA
Real Estate,
Investment, Rentals,
Fire Insurance
CERTIFICATE OF PUBLICATION
State of Nebraska, Office of Auditor of
Public Accounts.
Lincoln, Feb. 1, 1907.
It Is herehy certified that the Pelican
Assurance Company of New York, in the
i state of New York, has compiled with the
insurance law of this state, applicable to
such companies, snd Is, therefore, author
ized to continue the business of fire and
ltrhtnlntr insurance In this state for the
current year ending January 31st, U8.
Witness my hand and the seal of the
Auditor of Public Accounts the day and
year first above written.
B. M. fiKARLE, JR..
(Real) Auditor of PuMlc Accounts.
JOHN L. PIERCE, Deputy.
Russell Q. McKitrick Company
432, 433 and 434 Ramge Building.
The Retail Merchants'
Fire Insurance Company
v OF NEBRASKA
Certificate of Publication
Etato of Nebraska, Office of Auditor of
Publlo Accounts.
Lincoln, Neb., February 1, 1907.
It is hereby certified that the RETAIL
MERCHANTS MUTUAL FIRE INSUR-
ANCK COMPANY of Nebraska, has com
piled with the Insurance, law of this state
applicable to such companies, and is hereby
authorised to continue the business of Fire
and Lightning Insurance in this State for
the current year, ending January SI, 1908
Witness my hand and the seal of the Au
ditor of Publlo Accounts, the day and year
first above written.
E. M. SEARLE, JR..
. (Seal State Auditor Public Accounts.
" of Nebraska.) By J. L. Pierce. Deputy.
Horn
i Office. 942 J N.Y. LifeBIdf.
OMAHA. NEB.
J. B. Conlngham,
Secretary and Manager. '
Pl.ei.ix Insurance Co.
Of Brooklyn. N. Y.
r Certificate of Publication '
Btate of Nebraska, Office of Auditor of
Publlo Accounts.
Lincoln, Feb. 1. 1907.
It is hereby certified that the Fiienlx
Insurance Co. of flrooklyn, in the slate of
New Yrk, has cmnplied with the insur
ance law of this stale applicable to such
companies uud Is therefore author. zod to
'ontiUue the business of fire and lightning
Insurance in this state for the current
year ending January 31. 1901.
. WltnefcS my hand and the seal of the
Auditor of I'ublio Accounts the day and
year first above written.
E. M. SEARLE, JR..
- (Real) Auditor of Vuoltc Accounts.
JOHN I PIERCE, Deputy.
OMAHA AGZNTS
EHEKXAR-LOVE CO. K. 0. BENEDICT
X. Y. Lift Bldj ' 424 So. 15m St.
: ' Certificate of Publication
State of Nebraska, Office of Auditor of
. Public Accounts.
Lincoln. Feb. I. 1307.
It Is hereby certified that tho Franklin
Fire Insurance Co. ef Phihtde'.i hla, in
tate of Pennsylvania, has complied vita
the insuranco law of this sia;c applicable
to such companies and Is therdfure author
ised to continue the business of tire uud
lightning insurance hi this stale fur tlio
current year ending January 31st. l'.'i'S.
Witness my hand anl the teal of the
Auditor of Public Account,, the day and
year first above written.
E. W. SEARLE, JR.,
(Si-al) Auditor o PuMlo Accounts,
JOHN L. FIERCE, Deputy.
Insurance of All Kinii
R. C. PETERS QL CO.
Ground Flsar
nsurc
Busine
ss
Prof its
A Bj'kU'uiatic aOvfrtislnj rain.
lain tlirtu;jh tlie columns of
3,'Im, lk h UJ do it at tiiioU coat.
WAGE EARNERS' INSURANCE
IiCirsiT Cost cf Iraer; Cistenu f Is
dustrial Imaraiict.
fiCOD BUSINESS FCR SAVINGS BANKS
Legislature of Massaefcasetts Urged to
Grant Necessary Aatkorlty to the
Basks Peatares of the)
Plan Proposed.
In a series of articles reviewing the cost
of life Insurance as revealed In the New
York Investigation two years ago, Louis D.
Brandeis. an Insurance expert, called rax
tlcu.ar attention to the extensive cost of
industrial life insurance compared with
ordinary life insurance. Ills latest con
tribution on the subject In the March Re-
v.ew of Reviews Is an appeal to the legis
lature of Massachusetts to grant author.ty
to savings banks to Inaugurate a life in
surance system fot wage earners, and a bill
embodying his suggestions Is In prepara
tion for action by the lawmakers of the
Bay state.
Mr. Brandcls asks, "Why Not Savings
Bank Life Insurance for Wage Earners?"
and answers his question as follows:
On December 13, 1816. Massachusetts laid
the foundation for the admirable savings
bank system of the eastern states, by char
tering the Provident Institution for Savings
In tha Town of Boston. Half a century
later Massichusctts established for America
the scientific practice of life Insurance
by the work of its Insurance commissioner,
Ellsur Wright. Massachusetts seems de
termined to lead In another great forward
movement for the development through
thrift of general prosperity by extending
now the functions of savings banks to the
lssalng of life insurance in small amounts.
Insurance Abases.
Amidst the revelations of the Armstrong
committee In New York, the greatest of
life insurance abuses the present system
of so-called "industrial Insurance" escaped
almost unnoticed. This class of insurance,
which Is merely life Insurance In small
amounts, the premiums on which are col
lected weekly at the homes of the Insured,
constitutes nearly three-fourths In number
of all level-premium policies outstanding In
the United States. On January 1, 190, tho
number of such policies was 16.87J.5S3. a
number equal to one-fifth of our Inhabi
tants. In the eastern states the number
of persons Insured Is particularly large.
New York, with a population of 8,007,808,
held 3.K98.810 such policies. In Rhode Island
they number 249.49S. blng more than one
policy for every two of its 480.082 Inhabi
tants. The Armstrong committee found thst this
Insurance is furnished "at twice the normal
cost by those least able to pay for It;"
found that "a large portion. If not the
greater number, of the Insured receive no
money return for their payments," and de
clared that the "enormous waste incldont
to the present methods" "raises In connec
tion with the lapse fate a serious economic
question." But the' Armstrong committee
did not suggest any remedy, and the New
Tork legislature adjourned without taking
any action on tho suhject.
Then the Recess Insurance committee of
the Massachusetts legislature took up the
problem, and In a unanimous report, re
cently filed, has recommended that savings
hanks he permitted to establish depart
ments for the Issuing of life Insurance In
small amounts.
The regular premium charge on Indus
trial policies Is about double that charged
for ordinary level-premium life Insurance.
But In the Initial periods tho disparity Is
even greater, rising as high as eight times
that paid for ordinary Insurance: for In
most Industrial policies will be found a
clause providing that If death occurs within
the first six months one-fourth only of the
face of the policy will bo paM, and If
death occurs within the second six months
payment will be made of only one-half.
Bo heavy are the burdens cast upon those
least able to bear them.
Disparity of Benefits,
The disastrous result to the policy holder
of this system of life insurance may be
Illustrated from the following data, drawn
from Massachusetts official reports:
In the fifteen years ending December 81,
1906, he worklngmen of Massachusetts paid
to the so-called Industrial life Insurance
companies an Aggregate of S51.S94.SS7 in
premiums, and received back In death
benefits, endowments or surrender values
an aggregate of only 321. 819,806. The in
surance reserve arising from . these pre
miums still held by the Insurance com
panies does not exceed 19,838.000. It thus
appears that In addition to Interest on In
vested funds about ens-half of the amounts
paid by the worklngmen In premiums has
been absorbed In the expense of conduct
ing the business and In dividends to the
stockholders of the Insurance companies.
If this ei,Z4,887, Instead of being paid
to the Insurance companies, bad been de
posited In Massachusetts savings banks,
and the depositors had withdrawn from the
btr.ks an amount equal to the aggregate j
of j:i,S19,0, which they received from the
Insurance companies during the fifteen
years, the balance remaining la the sav
ings banks December 81. 1905, with the
accumulated Interest, would have amounted
to $13.931. 5-JS.S5 and this, although the aiv
Ings banks would have been obliged to pay
upon these Increased deposits In taxes to
tho commonwealth more than four times
the amount which was actually paid by
the Insurance companies on account of the
Insurance.
. Eo widely different ll the result to the
worklr.g-.nan, if he selects the one or the
other of the two classes of savings invest
ment which are open to hint; and yet, life
Insurance is but a. method of saving.
It Is obvious that the community should
not and will not long tolerate such a sac
rifice of the worklngmen'a savings s the
present system of Industrial insurance en
tails; lor the caus-a of this sacrifice are
easily determined and a remedy lies near.
Extraordinary Wastefnlnesa.
The extraordinary wustefulnei's of th
prcjont system of Industrial Insurance la
due In large part to the fact that the bnsl-
! ncss, wlether conducted by stock or by
mutual Comranlwa. Ik carried on for the
bent-nt of others than the pulley holders.
I The needs and flr.aneiat Inaxperienee of the
wao earner ore exploited for the benefit
of stockholders or officials.
The Prudmlial n-s annual dividends to
its stncl:li"'.Jers eciulvaient to more than
2W per cent upon the capital actually paid
In. According to the testimony of Its vice
president. Forest F. Dryden, a stockholler
who on October 13. 1ST5. paid In 82.200. has
received in the aggregate a return upon
bis Invettnient of 39 .3C3.G9, or about 13.000
per cent. The annual dividends of the
Metropolitan are equivalent to only S pr
riiit on the capital actunl'y paid In. Hut
President liegeman has testified that In
fifteen years the company had etraed and
accumulnted for its stockholders. In ad1
lion, a surplus of more thaa twenty-elghi
tin en the cuplia! so paid in.
The extensive amounts paid In dividends
or In salaries to f.tvored officials account
d.tvi: ly, huwevtr, for only a small part of
ths terrible shrinkage of the worklngmen'
avii.gs. The rualn cause of waste, lies In
ths h-ige expuuHe of solk-IUng insurance,
taken lu connection with the large per.
ceatace cf tuples, and in the heavy ex
penses incident to a weekly collodion ot
premiums at the homes of the insured.
Tho comr.isalon of the Insurant solicitor
is from tea to twenty times the amount
of the first br.mlutu. The ceat el collect
ing the premiums varies from one-fifth to
one-sixth of the amount collected. And yet
commissions for soliciting snd collection are
only a part of the expenses. The physician's
fee, t!i cost ot supervision, of accounting
and of advertising must all be added
with the result that substantially no indus
trial policy "pays Its way" until it has been
In force about three years. In other words.
If the policy lapses before It has been in
force three years, hot only does the policy
holder lose (except the temporary protec
tion) all thai he has paid in, but the com
pany (that Is, the persisting policy holder)
bears a part generally ths larger part
of the cost of the lapsed policy.
Percentage of Lapses.
And only a small percentage of industrial
policies survive the third year. A majority
of the policies lapse within the first year.
In tin the average payments on a policy In
the Metropolitan so lapsing continued little
more than six Weeks. In the eight years
endlhsr December 81, 19(1. the terminations
ot the industrial policies in New Yora siata
numbered 4.649,801. and only 42",3S (that
Is. Iss than one-tenth) were by death.
Tho result of the present system of In
dustrial Insurance establish conclusively
that, in the conduct ot the business, the in
terests ot the lnsursd are Ignored. A Ufa
Insurance company for worklngmen should,
as to each policy holder, be conducted, like
savings bank, as benevolent Institution.
No one should be induced to take out a
policy unless it is advisable for him to do
so In the Interest of those whom ha wishes
to protect by It No one should be lured
into becoming a. policy holder. No one
should take a policy unless he will probably
be able and willing to continue It In force.
Furthermore, economy In the management
of the Insurance Savings Is as essential to
satisfactory results as the economy on the
part of the worklngmen, which alone makes
It possible to pay premiums.
The supporters of the present system of
Industrial Insurance declare that a redaction
of expenses and of lapses is Impossible.
They Insist that the loss to the Insured and
the heavy burden borne by the persisting
policy holders from lspses, as well as from
the huge cost ot premium collection, must
all be patiently borne as being the In
evitable incidents ot the beneficent Institu
tion of life Insurance when applied to
the worklngmen. It Is obvious that a
remedy cannot on me from men holding such
views from men who refuse to recognise
that . the best Insurance is not eloquent,
perslsteht persuasion, but to furnish a good
article at a low price. A remedy can be
provided Only by tome Institution which
wilt proceed upon the principle that is func
tion Is to supply Insurance on proper terms
to those who want It and carry it, and
not to Induce working people to take ln
aurance regardless of their real Interests.
To attain satisfactory results, the change
of system must be radical.
Proper Business for Ravings Banks.
Savings banks established on the plan
prevailing In New York, and In Massachu
setts, are managed upon principles and
under conditions upon which alone a satis
factory system ot life insurance for work
lngmen can be established. These savings
banks' have no stockholders, being operated
solely for the benefit of the depositors.
They are, managed Jby trustees, usually men
of large business experience and high char
acter, who serve without pay, recognising
that the business ot collecting and Invest
ing the Savings of persona of small means
Is ' quasi-publlo trust, which should bs
conducted as a beneficent and not as a
money-making Institution. The trustees,
the officers and the employes of the savings
banks have been trained In the administra
tion 6t these savings to the practice of the
strictest economy. While the expense of
managing the industrial departments of the
Metropolitan, the Prudential and the John
Hancock companies have, excluding taxes,
exceeded 40 per cent of the year's pre
miums, the 65?, 000,000 of deposits held In
1906 in the 189 Massachusetts savings banks
were managed at aa expense" of 0.28 of 1
per cent of the average assets, or 1.86 per
cent of the year's deposits.
Savings Institutions so managed effer ode.
quate means ef providing inauranoe to the
worklngman. With a slight enlargement of
their powers, these savings banks can, at
a minimum of expense, fill the great need
of cheaper life Insurance in small amounts.
The only proper elements ot the Industrial
Insurance business pot common to the sav
ings bank business are simple and can be
supplied at small t ?nse In connection
with Such existing suvlngs banks. They
are:
(a) Fixing the terms on which Insurance
shall be given.
(b) The initial medical examination.
(c) Verifying the proof of death.
The first Is the work ot an Insurance
actuary, and the present pro rata cost of
actuarial service can be greatly reduced
both by limiting the forms of Insuranco
policy to be uniform throughout the state
and by providing for the appointment of
a State actuary, who. In connection with
the Insuranco commissioner, shall serve
all the savings-Insurance banks. The
Initial medical examination and tho veri
fication of proof of death are services that
may be readily performed for the savings
bank at no greater pro rats, expense than
for the existing Insurance companies. But
a state medical director should act as
adviser and have supervision ot the local
physicians.
1 Schools of Thrift.
The Insurance department cf the savings
banks would, of ccurve, be ke; t entirely
dlntlnct, ts a matter of accounting, from
the savings -department, but It would be
conducted with the same plant and by the
same officials, without any large Increaas
of clerical force or Incidental expense, ex
cept such as would be required If the de
posits of the bank were Increased. On the
other hand, tht insurance department of
savings banks would open with an ex
tensive and potent good will, and under
the most favorable conditions for teaching
the value of life Insurance a lesson easily
learned when Insurance Is offered at about
half the premium exacted by the Industrial
companies. With an Insurance clientele
composed largely of thrifty savings bank
depositors, the expensive house-to-house
collection of premiums could be dispnae
with and. more economical payments o?
prcmlun s could piobably be substituted for
wo!l!y payments. Indeed, It Is prob-b!
that ths following simple, convenient ani
Inexpensive method cf paying premiums
would, to a large extent, be adopted
namely, making deposits In the savings
department from time to time, and giving,
when the pollry s issued, a standing order
to d aw on ths savings fund in favor of
ths insurance fund to meet the premium
payments as they accrue.
The safety ot savings banks would, of
course, be in no way Imperiled by extend
Ins their functions, to life Insurance. Lit
Insurance rests upon substantial certainty,
differing in this respect radically from fire,
accident and other kinds of insuranos.
Since practical experience hat given to the
world the mortality tables upon which life
Insurance premiums rest snd the reserve,
for future needs are cetueulated, no life
Insurance company haa ever failed which
compiled with the law governing the cal
culatlon, maintenance and Investment of
the legal reserve. The causes of failure
of life Insurance companies have been ex
ceeslve expense, unsound Investment or dis
honest management. From these abusea
our savings banks have been praet'cally
free and that freedom affords strong rea
aon tor utilising them aa the urgent need
arte te supply the kindred service of life
Insurance.
INSC'RE aUSlNKiia PROFITS A sys
tematic advertising tiimplpn through the
eulmiiPt cf The be will do It at small cost.
MUTUAL EFFORT INSURANCE
Ilnw Idea Has Increase Among the
People of Nebraska In
Late Year.
The principle of mutual Insurance Is too
well known to require any extended ex
planation or defense. Blnce March tt. 1783.
when Benjamin Franklin helped organise
and became an officer of the Contribution
ship for the Insurance of Houses from
Loss by Fire, In Philadelphia, Pa., mutual
Insurance has been a success, and their rec
ord through the great flies, thit have de
vastated our cities, stands second to no
other method for stability and reliability. J
They are not organised or managed with j
a view of paying dividends. In fact, the
only one who profits through them Is the
policy holder, who haa had a loss. They
are not supposed to amass a great sur
plus, but under any of the dlferent plans
of assessment to provide sufficient funds
to pay promptly any losses that might
occur, under any ordinary circumstances to
the character of the property Insured. From
the fact that at least W per cent of Ne
braska property Is covered by mutual
policies amply attests Its popularity.
Mutual Insurance, like any other busi
ness, Is only as good as the management.
Consequently It becomes a question of men.
Where they are conservative, successful
business men. and farmers, you have the
most trustworthy eomblnsttrn twsslMe. and
such Is the management of the State Farm
ers' Mutual Insurance company of South
Omaha. In the past twelve years Its
economical, progressive mnaRment, has
made It one of the lending farm mutual
Insurance comnnnles of the United States.
By the adoption of modern methods, the
business becomes simplified. Assessments
adequate to carry the business are paid
In -advance for a term of years, and at
the renewal of policies, the surplus over
expenses and losses, ts returned to the
member In reduced rates of renewal. We
thereby eliminate the troublesome assess
ment feature, as usually practiced, with un
certain mall delivery to changing addresses
and suspended policies by reason of over
looked or forgotten remittances.
At tho same time making our policies
much more desirable and acceptable to ali
reliable loan eompahles who reaulre the as
signment of the Insurance on buildings as
collateral security when money has been
borrowed and the land mortgaged for the
same.
MOVE FOR BUILDING CODE
Action ot National Assoclntloa of
Local Fire Iminsce
Agents.
At a rece-t meeting In New York City
the Natlonui Association of Local Fire In
surance Agents Issued the following state
ment: .
"It Is the sense of this meeting that our
association should co-operate with the Na
tional Board of Fire Underwriters In the
work of securing the adoption of the model
building code, and that the subject be re
ferred to our executive committee for such
action as may be necessary."
It was voted to appoint a committee of
three to examine Into standard policy forms
and other forms and blanks where uniform
ity ts desired and to confer with companies
In relation thereto.
The deliberations of the conference were
mainly taken up with consideration of the
Internal affairs ot the association and Its
methods of management. Assurances of
sufficient financial support were : received
to warrant the conference In making ap
propriations to cover the Increased work
for the current year. It was decided to fix
the salary of the secretary at $6,000 per
annum, dating from November 1, 1906.
A vote of thanks was adopted for the
action ot the Milwaukee Board of Fir
Underwriters In making a special ap
propriation of 8500 for the support of the
national association.
LIFE INSURANCE CAINS
(Continued from Page One.)
and they will tell you the Armstrong laws
are no good, and that there Is nothing In
the business now, and for them and their
Ilk there Is nothing, for they and their
kind are down and out This class of
agents ts a disgrace to and have brought
a great and, I might almost say, a sacred
business into disrepute; they were never
Intended tor such a high and noble pro
fession and their place is tn promoting fake
mining schemes, selling oil wells In Mars
or plain blue sky.
Then there Is another quite large class
of alleged life assurance agents who, under
the old scale of commission, could eke
out an exlsteno on $60,000 of business per
year. Under the commission rate fixed by
the new law this class of Incompetent and
barnacles I also down and out and must
henceforth "seek greener field and pas
tures new."
With these two classes of unworthy rep
resentatives out, the flnld I clean and the
atmosphere very much purified, and men
remaining in the business, with clean hearts
and hands, willing to work and wait, and
live economically, can and will build up
good incomes under the new Arirutrong
commissions.
Help for the Solicitor.
With our business conducted In the
future, as all companies doing business
In New York are now compelled to, with
the most careful and strict economy, safe
guarded by the most stringent laws avsr
devised, ths agent himself Is much stronger
than before, tor he goea to his olient forti
fied with the absolute knowledge that for
the future policy holders will get all that
I their due to the last farthing. Filled
with this knowledge and with faith In him
self, he will present his case so forcibly
that his logio will be Irreslstable and double
the business will follow his efforts. The
honest, square life assurance agent need
not go to men todsy with cap In hand, but
with head erect and self-respect, looking
hi client straight In the eye, for -he is
now4n a profession that In the whole world
there Is none higher or more noble.
In passing so much legislation In so short
time some error were sure to creep In;
one of these Ik the elections In purely
! mutual companies, as is seen by those that
are now In progress at such a terrible cost
to the policy holders, but this and any
othsr defects will be speedily rectified, for,
a Governor Hughes laid, "the legislature
In New York convenes every year to right
errors."
Reform Safe ! San.
In closing, let me say that If today It
were in my power to cause the repeal of
the Armstrong legislation and put the life
assurance business Just where it was two
year ago, I would say no, a thousand
times, no; rather let us have this business
conducted as it is today by all the great
companies, many of whom are not domi
ciled In New York, but who have neverthe
less conformed to the requirements of ths
laws of that state, on a high plane, safe,
sane and aecure: far removed from every
venue of speculation, and I ran only ex
press the hope that the example set by New
York will be followed by all the states,
that the life Insuranco eompsnlea, east and
west, north and south, may be a tower ot
strength. Te that end the poople of this
state, through the legislature now la see.
aln, would uphold the hands of our auditor
of state by passing ths meaaurea he has
recommended. IL V. NEKLY.
Crelghp
RELUME
CONSERVATIVE
MS
Fire Liability - -Tornado
506 Bee
Building
WEBSTER, HOWARD CO.
iReli&Me Uodeirwriteirs
Surety Bonds executed promptly. Personal, Accident, Steam Boiler, Burglary and
Health Insurance. . Employers and Public Liability, Teams Liability, Elevator Liability,
Contractors' Liability and Plate Glass Insurance.
PROMPT AND SATISFACTORY SETTLEMENTS OF ALL LOSSES
NO LAW SUITS NO CONTESTED CLAIMS
CERTIFICATE OF PUBLICATION. '
State of Nebraska, Office of Auditor of
Public Accounts.
Lincoln, Feb. 1, 1907.
It Is hereby certified that the Metropoli
tan Casualty Insurance Company of New
York In the state of New York, has com
plied with the Insurance law of this state
applicable to such companies and is there
fore authorised to continue the business
of accident, plate glass and health insur
ance in this state for the current year
ending January Slat, 1908. ,
Summary of report filed for the year
ending December 81st,. 1906:
INCOME.
Premiums $519,147.32
All other sources.. 19,722.88
Total $538,870.18
DISBURSEMENTS.
Paid policy holders.$202,047.tl
All other payments. 12. 898. 77
Total $630,t.aj
ADMITTED ASSETS.
$626,297 87
LIABILITIES.
Unpaid claims, and
expenses $ 13,088.27
Unearned premi
ums 261.419.18
All other liabilities 1,967.02 276.472.47
capital stock paid
up 200,000.00
Surplus beyond cap- ,'
Ital stock and
other liabilities... 149,825.40 249,875.40
Total $626,297.87
Witness my hand and the seal of
Auditor of Public Accounts the day
year nrst aDove written.
E. M. SEARLE. JR..
(Seal) Auditor of Publlo Accounts,
JOHN L. PIERCE, Deputy.
BEE BUILDING
John R. Webster
me METROPOLITAN MUTUAL
BOND AND SURETY COMPANY
of Omaha...
Will Bond You
ounnoAn or FvaxaoATioir.
OFFICE OP '
AUDITOR OF PUBLIC ACCOUNTS.
Lincoln, Nebraska
Feb. 1, 1907.
IT IS HEREBY CERTIFIED. That the
Metropolitan Mutual Bond and Surety
Company of Omaha, tn the Btate of Ne
braska, haa compiled with the Insurance
Law of this State, applicable to such com
panies and is therefore authorised to con
tinue the business of Fidelity md Surety
Insurance in this State for the current
year ending January 31st. 1908.
Witness my hand and the seal of the
Auditor of Public Accounts the day and
year first above written.
(Seal) B. M. SEARLE. JR.,
Auditor of Public Accounts.
JOHN L. PIERCE, Deputy.
M
Wo Solicit
Telephone. DougUi 552.
C0ytlhiQ
Write nllab!o and Oound Insurance Against
Fire, Tornado, Burplary and Personal Accident
WE GOLICIT YOUR DUSINEGG
Phone Doug. 419. 1G23 Farnam Gt.
CERTIFICATE OT PUBLICATION
STATE OF NEBRASKA. OFFICE OF
AUDITOR OF PI'RLIC ACCOUNTS
LINCOLN. Frb. 1, 107.
IT 18 HERkbY CERTIFIED, That
the Agricultural Insurance Company
of Watertown, in the htate of New
York, hae complied with the Insurance
Law ot this bitus, applicable to such
companies and la therefore authorise!
to continue the business of Fire snd
Lightning Insurance in this Btate tor
th- current year ending January 3it.
lixs.
Witness my hand and the seal of the
Auditor of Public Accounts, the duy
and year first above written.
E M. SEARLE. JR.,
Auditor of public AoouunU.
JOHN L. pliLKCE. Deputy.
Baldrsge Co
OMAHA. NEB.
CERTIFICATE OF PUBLICATION.
State of Nebraska, Office of Auditor
of Public Accounts.
Lincoln, Feb. 1. 1907.
It ts horeby certified that the Aetna
Indemnity Company of Hartford, in
the state of Connecticut, has compiled
with the Insurance laws of this slate
applicable to such companies and Is
therefore authorized to continue the
business of burglary, fidelity, surety
and plate glass insurance in this state
for the current year ending January
81st, 1908.
Summary of report filed for the year
ending December 31st, 1906:
INCOME.
Premium 3t34.157.70
All other sources.. 50,003.12
Total $ 684.160.83
DISBURSEMENTS.
Paid policy hold
ers SZ47.145.68
All other pay
ments SW,fc3.Z7
Total $ 617,673.96
ADMITTED ASSETS.
$1,148,897.68
. LIABILITIES.
Unpaid claim and ,
expenses 8 72.587.10
Unearned premi
um 178,175.86
All 'other liabilities 130.083.91 480,846.37
capital stock paid
up .600,000.00
Surplus beyond
capital stock
and other lia
bilities 168,05181- 668,061.81
Tptol $U48,897.8
Witness my hand and the seal of the
the
and
Auditor of Public Accounts tho day
oaa year nrst aoove written.
13. M. SEARLE, JR.,
(Seal)" Audihnr of Public Account
JOHN & PIERCE, Deputy.
TELEPHONE DOUGLAS 970
John C. Howard Wm, E. Hitchcock
WE EXECUTE
nearly all kinds of
FIDELITY and
SURETY BONDS.
Our business compared with the Nebraska busi
ness of nearly Fourteen other companies writing
bonds in this 6tate shows that during the past four
years The Metropolitan ranks Fifth in Premium Re
ceipts while its losses have not been One-Fourth the
amount incurred by any other company doing as
large a volume of business. This shows conservative
management for this Nebraska Company which mer
its your patronage.
and Appreciate Your Favors
E. L. CULVER, Secretary.
' Office, 425-426 N. Y. Life Bid. Omaha, Nebraska
"S3
GIG OH
CERTIFICATE OF PUBLICATION
BTATB OF NEBRASKA, OFFICE OF
AUDITOR OF ITHI.JC ACCOUNTS
I4NCOLN, Feb. 1, Ufrt.
IT IS HEREHY CERTIFIED. That
tho Queen City Fire Insurance Co., of
Bioux falls, in the tttate of South
lnjcla. tias complied with the In
surance Law of this Btaie, applicable
to such Companies and is therefore
authorised to continue the business
of Fire and Lightning Insurance in
ttils State for the current year ending
January list, 1.
Witness my hand and the seal of the
Auditor of Public Accounts, the day
and year nrst above written.
E. M. 6ARLK. JR..
Auditor of Publlo Accounts.
JOHN L, P1LRCE. Deputy.
SAFE
PROMPT
'Phone:
Doug. 200
CERTIFICATE OF PUBLICATION.
State of Nebraska, Office of Auditor of
Publlo Accounts.
Lincoln, Feb. 1, 1907.
It Is hereby certified that the K mnlov-
ers' Liability Insurance Corporation of
London has complied with the Insurance
law of this state applicable to such com
panies and Is therefore authorised to con
tinue the business of accident, employ
ers' liability, health and fidelity insur
ance in this state for the current year
ending January 31st, 1908.
summary or report filed for the year
ending December 31st, 1903:
INCOME.
Premiums 32,ls,984.8J
All other
sources 342,906.35
Total $2,959,891.17
niRnTTRSFMIT.KTS
Paid policy
holder $1,142,426.84
All other
payment .... $72,204.42
Total 12,114, 680.23
ADMITTED ASSETS.
33.910,517.63
LIABILITIES.
Unpaid claims
and exoAnsas.Il-Elg-i(l-ta
Unearned Pre
mium 1,158,177.43
All other
liabilities .... 133.886.67 1.857,245.83
Capital stock
paid up 200,000.00
Surplus beyond
capital stuck
and other lia
bilities ...... 858,273.20 1.053,371.29
Total .38.910,517 f8
Witness tny hand and the seal of the
Auditor of Public Accounts the day and
year first above written.
E. M. SEARLE. JR.,
(Seal) Auditor of Publlo Accounts.
JOHN L. PIERCE, Deputy.
BBairdl
CERTIFICATE OF PUBLICATION
BTATB OF NEBRASKA, OFFICE OF
AUDITOR OF PI'HUC ACCOUNTS
LINCOLN. Feb. 1. 19"i.
IT 18 HEREBY CERTIFl KD. That
the Northwestern National Insurance
Co., of Milwaukee, la the State of
Wisconsin, has complied with tlio In.
urance I-w of this Btate. applicable
to such Companies, and is therefore
authorised to continue the business
of Fire and Lightning Insurance in
this state for tiie current year ending
Jsnuury 31st, 1.
Witness my hand and the seal of the
Auditor of Publlo Accounts, the day
and yar first above written.
E. M. BEARLH, JR..
Auditor of PuMio Accounts.
JOHN L. PlfcRCE, Deputy.
V