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About Omaha daily bee. (Omaha [Neb.]) 187?-1922 | View Entire Issue (March 31, 1907)
v. A2 THE OMAHA! SUNDAY UTTa MAKCIT 3T, 1007. Statistics C7 (77 Show ! Ovor (OJnlUj IP- JV mm In Rallraad Wrecks. More pcopla are kiiied and Injured every day by accident AT HOME. If you n:w sea a railroad trail you need an aoeid3.il pilicy all the more. in A OMAHA AN INSURANCE CITY psiie. Kow Cntarel Hsrs. fcEKErm THAT a0W FROfl RESERVES ihiun ( fh irai t !- Comil a Pae1rs I t"h t , 4strtatl sad Cauarelal ' Oswwth tfca Cltis In Mi artflrws before th Trs-nsmlssls-elppl CommerclaJ congress In Kansas City liuit November, W, V. Van Wver, Insur ant's commissioner of -'Missouri unJdi "More money It handled by ths Insurance companies than by all the transportation companies In the country, and It la the centralisation of these Immense accumu lations In one locality that make that lo cality the seat of the financial empire of America. Wall ' street could not control tho bonks of the United States If Its hand did not reach up the full length of Broad way and keep rts finger In the valuta which hold the premium reserves of nearly twenty millions of Insurance policies. 1 feel, therefore, that the most Important matter which can be brought to the con sideration t this body Is the development of i the Insurance business In this groat Held which the TransmlBslppt congress rep resents, comprising more than one-half the territory of the United States, and destined to contain more than one-half the popula tion, as well aa Its full share of the wealth, the brains, the enterprise and resources of the country, there Is no reason why It hould not develop Its own great Insurance Institutions, and thus keep paoe with the rest of the world In this, as In other great movements of the modern world."- ' futoprndons Asrvreirate of Dnilaeit According to the report of the Insurance department of the state of New York for 1906, on January 1, 1907, 120 life Insurance Companies were doing business In the United States, which reported assets of nearly $3,000,000,000. and a total Insurance In force of more than $12,000,000,000, or an increase of nearly 6,000 per cent since 1859, when the Insurance department of New ' York was first organised. These figuree are shown simply to empha sise the Importance of the establishment of Insurance companies In the west and par ticularly In this growing metropolis of Omaha, In order to show that If railroads are to be built and equipped from this great storehouse of policy premiums, let It be the railroads of the TTansmlsslsslppI country and without first having western funds filtered through the stock market of New York. Omaha la awakening to the Importance of the establishment of Insurance Institu tions, and a round dozen of these, which have been organized within the last fifteen years and which maintain their headquar ters In Omaha, show the possibilities of home Institutions. These Institutions are: The Co lumbia Fire Insurance company, Woodmen of the World, Bankers Reserve IJfe com pany, Bqultable Endowment, Nebraska Underwriters' Fire, German Mutual Fire, Security Mutual Hall, National Mutual Fire, German American Llfo, Retail Mer chants' Fire, Metropolitan Bond and Surety and State Insurance company of Nebraska, all of which are full of life and enterprise and ftre doing a world of good for Omaha. ,' Millions Brovarlit to Omaha. The total amount of money brought to Omaha annually In the way of premiums by these doeen companies Is approximately $7,000,000, or to be more exact. $6,904,000 dur ing- the year 19OT. ASBOClataa wun uitn are about 600 employee and officers, whose 'aggregate aalarles amount to. $201,600 per 'annum, every, dollar of which la spent In Omaha among Omaha merchant or tn vested In Omaha property. The average deposits of theso establishments In Omaha banks and financial Institutions Is $6,800,000, and the amount of direct Investments In Omaha property or enterprises reaches the handsome sum of $l,lf0,000. This Is a pretty fair showing for little over fifteen years In the establishment of Omaha Insurance Institutions. With the growth of past years there la every assur ance to believe that during 1907 the amount of premium money brought to Omaha by these institutions will reach $7.XO,000. V What Iowa Par".", ' " " In Iowa the home fire ' companies collect about $3,000,000 annually In premiums, while the foreign companies collect but a trifle over $2,000,000. Des Molnos Is the Insurance (center of Iowa, and has been often referred ,to as the Hartford of the west. There is no good reason why Omaha should not be the Insurance center of Nebraska. In Nebraska the foreign fire companies collect about $2,000,000 annually in premiums, and the home companies but little over ,$1,000,000. The average loss ratio In Ne braska Is 40 per cent, and is about the wmt in Iowa. This leaves about 60 per cent, at least 40 per cent of which goes .back' east, or nearly $1,000,000 taken out of the state annually, which should lust as well be left here In the state. With a premium reserve fund of this amount re tained In Nebraska for reinvestment, the l borrowers would be benefited just that much. It is the rule among the Nebraska home companies to supply the demand for local loans almost Immediately, and Ne braska securities are' regarded the best in the weal Experience of a Homo Company. A manager of one of the largest Omaha fire companies said: "With sll our Ne braska Investments in the seven years' we have been In business there fcas never been a defaulting of interest or neglect to take up the loan when due, which conclusively shows to me that western securities are the beet on earth. The east has long recog nized this fact, and only the other day a representative from an eastern loan com pany was here to place money, but failed to do so because the borrower preferred to borrow, of home concerns. The Omaha cumpanlea as a rule prefer to scatter their risks, rather than concentrate them, and by observing thl conservative process the liabilities are not concentrated, as was demonstrated In the Ban Francisco fire, and a big, destructive conflagration in a ' city la not such an alarming thing to the local companies as might be supposed." , Home Insurance la Heavy. ' Nebraska Is fourth in the extent of in surance carried by home companies. The states ranking In, this order are New York, Wisconsin, New Jersey and Nebraska. About 20 per cent of Nebraska Insurance is carried in Its home companies. This applies more particularly to the life companies. The flrxt of these was established at Lin coln In lsiT. There are now seven of these companies in the state. Two are capital Stock companies, two mutual legal reserve and three stipulated premium companies, the combined assets of wblcb will amount 'to about $iiO0,MA The companies vperat ( Ing under the stipulated premium law are aa full legal reserve companies as the When, except la a legU technicality, SAd are required to maintain a full legal reserve on all contracts Issued. Omaha lecelves extensive advertising .through lis local companies. Not alone through formal advertising, but through the vast amount of circulars and other printed luforuunion sent out through the great host of agents and deputies employed by the various companies. ! All of the Omaha straight fire companies are branching out Uho other states, glace .OTFFM HIIII IMM AND i esssi wsisssss' saais " V TEACHER Fire. in the lie Fidelity You will find, by comparison, is the Most Liberal Policy issued by Any Company. ftCriR WE PAY liberally for ANY kind of accident. Partial disability is fully covered as well as total disability. We issue policies covering: ANY kind of disability from accident, or ANY kind of illness. We also pay you for being quarantined. Telephone nj" Ooumias 29 fun JOHN W. HOSIER. Special Agents the San Francisco fire there is a stronger ' tendency to patronise the local companies and they are without exception doing; a largely increasing; business as a conse quence. The assets of the Omaha com panlee are so Invested that they can be converted Into cash In the shortest possible time in the event of sudden and heavy losses. The Nebraska law requires that the full amount of the capital of the sev eral companies shall be Invested . In the state. - - ' - . A larger percentage' 6? Omaha' business Is being done In the Omaha companies than ever before, and It Is constantly In creasing,. The amount of premium paid to Omaha companies for Omaha business will approximate $100,000 annually. Omaha Has a Chnnce. with the proper encouragement to . the home companies Omaha could readily be made one of the greatest Insurnace com panies of the west. Numerous small cities have . become of national Importance through their Insurance enterprises. Many of them are better known because of being the homes of Insurance companies than from any other cause. This is particularly true of Hartford, Conn.; Olens Falls, N. T.; Freeport, Rockford, and Peoria, 111.; Water town, N. Y. ; Bprlngfield, Mass.; Keokuk, la.; Des Moines, and scores of other towns might be mentioned In this connection. In some instances the insurance companies that gave these towns national pre-eml nence have become merged with other com ranles and gone out of existence, yet the fame of the city or town as an insurance center remains, and It Is more distinguished from that cause than any other. This faot strongly emphasizes the vital Importance from an economlo standpoint of the western section of this country doing a part at least of Its own insurance busl ness. Otherwise it will remain tributary and dependent upon the whim of eastern financiers. The never-ending absorption of money from every city, town and hamlet. factory and mercantile establishment throughout the west to b'tlld up the cash balances In the treasuries of the insurance companies of the east will if continued establish the financial supremacy of those section. Reserves' Have Great Effect. "For the Interests of the Insuring public," as stated by a leading Omaha home Insur ance man, "It is beat that Insurance funds which must of necessity be accumulated In large reserves, Bhould not be centered in localities remote from which thoee funds originate to be controlled by one set of financiers whose buslneae generally Is not Insurance, but the management of other corporations, handling stocks and bonds, lit sides, it these vast accumulations are to be used for investment In other enterprises, aa they must be In order to earn their ex pected Interest, then why not have them Invented in the commercial enterprises which make for the progress and the de velopment of the people who furnish the funds? Why should we send money east to have It loaned back to us when we get hard upT If great banking corporations are to be built up on the deposit of lnaurance funds let It be our own banks. If farms and factories are to be established by the use of insurance accumulations, then let it be the farma and factories of the people who pay the premiums." Prlbate to the East. In the last ten yeara the people of the state of Nebraska have sent approximately .uo0,00g to eastern companies,' and it is fair to presume that Omana has con tributed at least one-ninth of this vast amount, while the returns have been lesa than (91) per oent. It should further b re membered that the returns are but little, if any, in excess of. the interest on mort gage loans held by eaatern financial Insti tutions. How important, then, it is that home enterprises ahould be built up and home money kept noarer borne Instead tf sedli it to the east and then borrowing it back. Omaha has now a nucleus upon which to bulid a great Insurance center, aa able insurance men are at the head of the local companies aa are at the heads of the east ern conoerna They are more in touch with the verile western spirit. They know Ha needs, its resource and its capabilities The city is growing with marvelous strides as a commercial center and there Is every reason why it should become one of the greatest Insurance centera Aa a rule west ern people are loyal to western enterprises. The Omaha Insurance companies all concur la that proposition, and It beads but that ASPIIVV V- 1 Wmm v mm m 70 tin continuation of loyalty to home concerns to build up new and still greater enter prises here and to give unwavering loyalty to those that already exist here. While special reference is had to but a dozen of Omaha Insurance companies, both fire and life, that have their homes here, there are others, the Guarantee Fund Life, the Danish Brotherhood, the Royal Achates and Woodmen Circle, that are Omaha es tablishments, organized in Omaha, which maintain their headquarters here and all are doing a good bustheea VAST BUILDING EXPERIMENT Italian Government's Plan of Increas . In a Travel by Low, Graded , . Rates. If the American railroads were "national ized if a man could ride from New York to Philadelphia for 75 cents; if a drummer could buy for $240 a ticket to tour all New England for a year, riding when and where he choee;' If a passenger - could go from Bangor to Chicago for $7 on a board seat or for J17.60 In a parlor' car, we might un derstand the interest which the railway ex periment of the Italian government Is creat ing. Loss than three months' trial of the new rate schedules, which went Into effect Noyember JL . leaves . no dyubt.of their pop ularity, passenger travel Is fast Increas ing and the gross Income leaps upward in spite of cheaper rates. As a railroad manager Italy is "up-to-date" and am bitious. It has borrowed the "zone tariff from Hungary; from England the policy of running thlrd-ciass cars on express tralna, which the French and even the Austrian railways have not yet adopted; from Switzerland its cheap monthly tickets, and from Germany the endeavor to reckon Indirect as well as direct benefits of cheap transport. One cannot now pay more than 117 33 for a straightaway railway journey in Italy. The first 150 Kilometers cost, first-class, the usual American rate, but after that each 100 kilos added ocst less, until the maxi mum Is reached. For that sum one can go, first-class, from Palermo to any frontier say Pontebba. The old rate was (42.91 Third-class the old rate was $19 49. It Is now J7. In the TTnlted States a cheap long-ride ticket is carefully guarded as to stop-over privileges for fear "the drummers may get hold of It." Italy permits a stop every lit miles. Longer stops arranged for In tourist tickets at prices greatly reduced from ,Jast year. But the drummer will most rejoice In the "abbonamento" system, a good SwIm idea. For f0 the buslnea man buys a twe months' ticket enabling him to travel first-class from Rome to Naples and any where in Southern Italy and Sicily. He may ride all the time If he Ukea. His pho tograph pasted on his ticket prevents substitution. I For cheap short rides between neighbor Ing Industrial cities the "ewrclzle econo- mlco" Is devised. Earl-Tnranto, seventy two miles, foe W cents third-class and tl.M flrst-clsss la an example. Second- claw Is usually omlttM on these "eeonoml cal" trains, but there Is sometimes a fourth class, as In Germany and Rurslo, where thirty-two or forty men stand like horses In a little box-car. New Tork World. PODUNK IS REALLY A TOWN It la la Cussteticst, Signifies a Hot Place and Had Great Fighters la Its Day. ' look on any good map of Connecticut and you see the River PodunkJ which runs for miles through the town of South Wind or and empties Into the Connecticut lust over the line in East Hartford. The Po dunk is net a brook. It affords a good water power for the mills at Pleasantvllle. and the stream does not run dry in the summer. Since we have begun to tell about the Podunk river, we may aa well add the facts that In this town, through which the Podunk flows, were born Jonathan Ed wards, Oliver Woloott and John Fitch, the latter the father of all steam navigation, whose first thoughts of what might be accomplished by putting an engine Into a boat, no doubt, came to him while, as a youthful clockmaker, he wandered along the shores of the Podunk, a full century and a half ago. He was born in January, 1743. Podunk, Conn., la the place to which to Sk Casualty Co's. Personal Accident Contract shakes buildihgs 8 Kisfc'in ...c nut wibju ini i m jive Austrian, o Kvm York Train. JVL i!iTi7iT3 J GENERAL send all letters for Podunk people, where the name of the state Is not given. There Is no other Podunk anywhere which can 'hold a candle" to this ' Podunk that we all know about here. In fact, our Connecticut Podunk Is the original article, and all others are mere imitations, ' After the Englishmen under the lead of Wlnthrop, who were determined to be Americans, arrived In Salem In 1630, one of the first Indian cluefs who came from the backwoods to make their acquaintance was Wahqulnnacut, who went to Boston in 1031 to see them, and he is said to have belonged to the Windsor tribes, or Po- dunks. Podunk signifies the place of fire or place of burning, from "potaw," fire, and "unck" plaoa of henoe Potaunk, or Podunk. or Potunk. Nona of the historians Intimates that It was an Indian synonym for hades, but It certainly meant a hot place. It Is also made clear in their ancient histories that the Podunks were great lighters, or "hot stuff," in the vernacular of today. None of them was ever converted to Chris tianity. The Podunks owed their gradual extinc tion to their bitter feuds with the Mo hawks, down the river. Sixteen or more of the Podunks were killed at one time In a Mohawk ambuscade. A remnant of the tribe existed in East Windsor In 1745, but had quite disappeared In 17W, says Dr. Stiles, who also says that it was some where In the Podunk wilds of Windsor that Mlantonomah, the great Narragansett chief, met his death at the hands of Uncaa. his Mohican conqueror, probably Septem ber 28, 1648. Uncas was a mighty man of war, and sent his son, Oneko, over Into the Nlpmuck country, Massachusetts, on a raid about lt-60. The Nipmucks were trimmed on that occasion in great shape. This happened In what is now the town of Brookfleld. The settlers from Ipswich got there about that time and found that a meadow at the head of Quabaug pond was called Podunk, and the name has lasted, although It does not appear that anyiof the Podunk tribe of Indians ever lived there. For Podunk history you must come to Connecticut, and there Is plenty of It here. Hartford Time. WILD CAT LOVES A BABY Oaee Savage Creature Son as Tame as Any Doatestfo Tabby. How would you like to have a real live wild cat for a pet? This Is what little Elsie Stearns, ( months old, and Helen SUttixns, aged 9, daughters of Mr. and Mrs. W. H. Stearns of Pasadena, Cal., regard as their deareat treasure. They would rather play with this big Cali fornia wild ail than with their smaller do mestlo cats, and he is just as good-natured as any of the rest, too. Bengal is his name, and he looks the part, for his marking is very similar to a Bengal tiger' a He Is a beautiful animal, about three and a half feet long, and very heavy. His fur is soft and thick, and It Is with this soft fur that the round-faced baby loves best to play. The photographer caught the baby just as sho was pulling the wild cat's hair, and he Is submitting to It with rare good na ture. Were It nt for hla slse, one might think this gentle beast a well-bred do niestlo animal. He was caught when i months old la the wilds of the San Bernardino moun tains, and purchased from a hunter at that age by Mr. Stearns. He has been with the family since that time. He was put right with Several small Angora kittens, and grew up and played with theee. He used to roam the house and jump on tables and bockcises, just as other kittens, and they are obliged to keep him In the open, for. In his playfulness, he might break ornaments and dlshea He is now t years old and powerful, yet as gentle as any ordinary cat. He Is do voted to the children. He will lick the baby's hand aa roughly as she wishes, with never a growl or sound, and he la also fond of Utile .Miss Helen. He likes women and children generally, but does not tare, for men. Mr. Stearns says the reason for this Is that he has been obliged to take iir. Bengal during the summer and alias. him up In a beg of insect powder to nd him fit fleas. Bengal regards this as a decided Insult to his dignity, and thinks all men must be responsible for 11 He usually growls at taeiu.-Jm Angeles Time ?lTa!imm Patf --t WTIPRK VT(7rTM8 DIE IN HOSPITAL. JJ AGENTS niE PRAGUE IMSilHT COM Fire Insurance Our Companies: .. .Liverpooli London and Globe Fidelity Fire of New York Aachen & Munich Firemen's Fund FilcCague Building Phone Douglas 415 CERTIFICATE OP PUBLICATION. STATE OP NEBRASKA, OFFICE OF Auditor of Public Accounts Lincoln, February 1st, 1807. It Is hereby certi fied that the Aachen and Munich Fire In surance Company of Alx-la-Chappelle, In Germany, has complied with the Insurance law of this state applicable to such com panies and Is therefore authorized to continue the business of fire and light ning; Insurance In this state for the cur rent year ending January 81st, 1901, Witness my uauu and the eal of the Auditor of Public Accounts the day and year first above written. E. M. SEAR.LE. JR., (Seal) Auditor of Public Accounts. JOHN I PIERCE., Deputy. Stronger, Financially and in the Con fidence of the Public, than Ever Before The Security Mutual Hail Insorancs Go. . Of Omaha. Martin Langdon President William Gillespie..... Vice President M. J. Gillespie Secretary J. F. Langdon Treasurer HOME OFFICE 437 RAMBE BLOCK United States of America, State of Nebraska. Office of Auditor of Public Accounts Lincoln, February let, 1907. It la hereby certified that the Security Mutual Hail Insurance Company of Omaha, In the state of Nebraska, has complied with the Insurance law of this state applicable to such companies, and la therefore authorized to continue the business of Hall Imiuntnce In thla State for the current year ending January 31st, 10ua Witness my hand and the seal of the Auditor of Public Accouuti the day and year first above written. (Seal) Ii M. 6EAHLE, Jr., Auditor of Public Accounts. John I. Pierce, Deputy. The Bee Want Ads isjinwsf m a smsmssssss I Olf THE ROCK AI1D 95 ABCARDJ , CfcOTY,- nnrnriA. That Left San ajuvwuive w.w r 4 va-r4ci.rt. Trinrsrlav. in Distress ' r UV1UVV aw- f Entrance to Humboldt Bay. "c mr Certificate of Publication, Stnte of OOUntS. It is hereby certlrlea tnat tne Kineniy State of New York, has complied with the Insurance Law or tins state, applicants to suoh companies, and is therefore authorlsi-d to continun the buHlness of acoMenu health, liability fidelity, burglary, steam boiler, plate glnss and fly wheel insurance In this state for the current year ending January 81st. 190K. . Summary ox itepon rura lor me sear jcnuiiig vniminr ' Tvnnvn Premium All other Sources Total o,.,v.i BISBTTSSSMXHTS Paid policy holders w'?-?'2'2-9 All other payments Total ......-.-,. ASMZTTZS ASSETS $7.87.....4i llABIilTIES. Unpaid Claims and Expenses JJ'JJ' J J Vnearned Premiums .'' '''?, ? tK . 0-. All other liabilities , Vn4Bftft on ' . Capital stock oaid tip 1.000, 000. (10 v"r S , atUni. .H thr llahllitlea - 1.7B7.978.01 9.7B7.978 M Duliiiu. Witness mv hand and seal of the Auditor of Public Accounts the day and year first above written. omuxj, auuh.hi ml t uinu av-..uuio. (Seal) w" JOHN U ritlCR, Deputy. Suite 391-335 Merchants Hatisnal Bank Did., Omaha HOBTHXAST COBXTZB TKIXTZSHTS AMT TAX. IT AM STREETS. CERTIFICATE OP PTBUCATIOJT. STATE OF NEBRASKA, OFFICE OF Auditor of .Publio Accounts Lincoln, February 1st, 1907. It Is hereby certi fied that the Fidelity Fire Insurance Com pany of New York, In the state of Now York, has compiled with the InHuranca law of this state applicable to such com- f antes and Is therefore authorised to con Inue the business of fire, llRhtnlng and tornado lnaurance in this state lor the current year ending January Slst, 1108. Witness my hand and the seal of the Auditor of Public Accounts the day and year first above written. E. M. SEARLE. JR., (Seal) Auditor of Public Accounts. JOHN L. PIERCE, Deputy. The State Farmers' Of South Omaha, Nebraska ' A Nebraska Farmers' Insurance Company That Limits the Liabilities of Its Members i Issues an Assessment or Paid-Up Policy. Writes Specified Insurance on Fine Stock. Has Paid Losses Promptly, Amounting to Over $93,000. -' We Have $23,000,000 Assets. $27,000. WE WANT YOUR BUSINESS AND GOOD AGENTS. Ctato Farmers' Mutual Insurance Company B. R. 6T0UPFER, SECRETARY Ring-wait Bros. 37-33 Barker Block Deal in Every Kind of Good Insurance EMS I i I M ) ) I 4 virgin 1 7a ha residence of Qiertff -tures. mm "ves mmim I fl M fi a . Nebraska, Office of Auditor of Publfn Xor' IJNt'KLN, t'liUHUAKI 1, IVUI. ana casumiy v-o., or nrw inn, in u . 5'I3?'"l!l ooo,.ivf ,6ii,m.ei 17.876,948.42 HENRY C. PALMER GEORGE H. PALMER JAY. D. FOSTER Real Estate Investments Loans Rentals v Ground Leases Care of Property "? 1506 Dodge Street CERTIFICATE OP PfnLir ATIOJf. STATE OF NEBRASKA, OFFICE &1T Auditor of Public Accounts Lincoln, 1 February 1st, 11)07. It Is hereby cirtl- j fled that the Liverpool, London and Globe Insurance Company of New fork, In tly state of New York, has complied wt3fi the insurance law of this state applicable I to such companies and Is 'hor"fore au thorised to continue tho business of fire and llphtnlng Insurance in this Mate for tlm r.tirrAnt vpjir onHlnir .Tumiarv Slat. 19njl. I v unnss my nana ana me seal or me Auditor of Public Accounts the day asd year first above written. E. M. SEARLE, JR., (Seal) Auditor of Public Accounts. JOHN L. FIERCE,, Deputy. Mutual Insurance Co. : Insurance in Force. No Liabilities. Accumulated Dividends