TUP: OMAHA SUNDAY BEE: APRIL 12, 1908.
VIEWS OF GOVERNOR HUCflES
Hew York's ExectiTe Ttlki to As
lembled Iniurance, Agents.
EITEC1 OF HIS INVESTIGATION
DrUrm that Were deeded la
tk Baslaeaa Accomplish and
tfc ? Circa t Renpoaslblllty af Life
lasaraara Mare Klaed.
II The following Is the report of tha speech
W Oovernor Hughes of New Tork to the
annual convention of tlia Superintendents
of the Metropolitan Life Insurance com
pany. January 18, 1908:
i President Heareman Gentlemen: I wish
tf that I had the tlmo to fitly Introduce
' the distinguished gentleman who has hon
ored tia with his presence this afternoon,
and whose kindness in coming I have no
words to adequately exprers. The exact
ing duties, however, of his position make
It impracticable for him to stay with us
hut for a brief time, and so what I have
A say will be within the compass of a
moment or two. As you all remember, I
tnad tha honor of co-operating" with Gov
' rnor Hughes (laughter) In a very 1m-M-tant
public movement. We were both
retained by the state of New Tork.
(Laughter.) Now, I am sure that while we
were together I did the hardest work; all
he did was to sit back and ask ques
tions. At times, I remember, I perspired
iprofusely. He never raised a hair. He
,waa more notable after our Joint labors
(were finished than when we began. Bo
was I; and I have been always grateful
that I had it within my power to con
tribute even, to that small extent to his
high repute.
I have never ceased to congratulate my-
n en turn my name uegan wun me same
P letter as his, but a vicious friend the other
day told me that heaven and hell began
the same way. (Laughter.) As a result of
the great public movement In which he
and I Jointly participated, he was called
to the highest honors In the gift of the
state, and his administration 1n character
and capacity has set the model for all
time to come. The guiding motto In his
notable career from the beginning until
now has been this: "Hughes, hews to the
line, let the chips fall where they may.''
He most graciously consented to be
j with us today, and we appreciate It, aa
R I said before, far more than I can ex
press, because he. thoroughly believes In
the great work to which you and I are
committed, so long as that work la con
ducted along tho lines of honor and fi
delity. Some believe the air at Albany not con-
F ducive to the highest degree of usefulness,
and that a residence in the District of
. Columbia would be a national blessing and
f; an International benediction. (Cries of
I "Hear, Hear.")
Here at the home offlca I am officially
v known as president, but ever since I have
' leld that position I have been familiarly
, Jeslgnated aa 'The Oovernor;" so that
I while president and governor seem to be
f Inter-related terms, so far as they relata to
liegeman, If I may be pardoned for the
comparison I would say that I believe the
?ountry thinks that those Inter-related
Arms ahkllM Kn annHad tt Aim A lotn,,1w A
' " -1' w WW. uwllllfUIVUCU
uest.
Gentlemen, may I ask you to rise to jour
eet (all arose) while I have the very great
pleasure, privilege, and honor of Introduc
ing to you the governor of the Empire
state. (Great and prolonged applause.)
Governor Hashes Rmdobm.
U Oovernor Hughes "Mr. President: My
friend, if any) one had told me yesterday
afternoon that' I would find it possible to
make another speech on thla trip I should
have said that they did not have the faint
est Idea of the exactions of the few hours
during which, I could be in this city; but
that was before I met the officers of this
ompany, and I now understand why it is
o successful,. (Laughter and applause.) I
wouldn't have mlNMAfl thin nn nnv rnnitdtn.
I ion whatever. (Cheers and arilause: cries
f "That's good.") I like to feel that I
ave frienda In the Insurance business
j applause), and to have thera recognise
hat what was done In connection with the
insurance business was done with entire
friendliness and keen Interest In that busi
ness and with no spirit of antagonism or
ieslre to abate a whit of Us efficiency.
'Applause.)
i "l claim to be an Insurance man (cheers
fund applause and cries of "That's good"),
ind I am the kind of Insurance man rep
I esentlng millions through the country who
fire largely dependent upon Insurance for
ha security of their homes. (Applause).
is a yeung man, when I was first looking
iorward to the obligationa of manhood and
f he duties of fatherhood, I realized that
here was only one way In which a poor
I nan without capital could protect his fam
V ly from the vicissitudes of fortune and
S naka proper security against the day
Aiilch must come to us all, and that was
V
!
hrough life insurance. (Applause.) And I
I lave been interested In life Insurance, add-
V ng to my holdings In life Insurance from
I hat time to this. If I were to die tonight,
o a very large extent the entire protection
I if my family would consist of life Insur
ance policies. (Applause.)
V Aid to Life Iasaraace.
I "We had an Investigation, but it was one
In the Interest of life insurance and not
Ugainkt It. There were certain things that
ad to be done, there were certain evils
bat had to be stopped, there were certain
urative measures that had to be adopted,
nd the very maintenance of life Insurance
impended upon the thoroughness of the
4ork. (Applause.) Now, It may not be
(mt If I briefly attempt to recapitulate
ome of the leaifng objects of that lnrestl-
allon and the legislation that followed.
"In the first place, we wanted to know
he facts; and I have no sympathy with
ny agitation or with any efforts of so-
alled reformers which endeavor to go off
i reckless attempts to change conditlona
Kilhoui patiently endeavoring to under-
tand the facts and to deal according to
tie facts. (Applause.) And when we had
ot the facts, so far aa time and Industry
ei mined, we sought to provide measurts
hich would prevent a recurrence of the
Vila that had been disclosed. First we
snted to take the insurance business out
f politics. (Applause.)
"Now. I know the severe temptation to
hich the management of Insurance com
mies were exposed when they found a
rge and Important business threatened by
M-vonsidered legislation. I know the time
Jnnored precedent for following the lines
f least resistance, with the fear that no
her policy would accomplish necessary re-
Lilts. .understand fully the argument
i.lch appeal so strongly to men In respon
ble positions, that they have Interests
hich at all haxards must be protected
on Ill-advised laws, and that If they can
it secure protection by open methods and
tr arguments they will seek protection by
direct and Improper means; but my opln-
n is that tha policy which adopts tha latter
ure in this country Is a policy inimical
any business and destined to bring all
isliwss into confusion and corruption.
Sipplause.)
Mast B la tho Ues.
("Whatever disagreement there may be in
la body with reference to any particular
illciea of governmental administration or
f legislation, we must all be In accord with
this, that whatever Is done shall be dnne
fairly and la the open; and that nobody by
corrupt approach, or nobody by methods
that will not bear the light of day, shall
write a line In the statute books or change
the opinions of any officer. (Applause.)
And so It was said, political contributions
or contributions to political campaign funds
must stop on the part of corporations. (Ap
plauxe.) And so It was said that Improper
methods of dealing with legislatures must
be ended. And let us trust with confidence,
as Amerlrsn citizens. In the good Sense and
fair Intent In the long run of the reprcseta
tlves of the people, and not seek by other
means to attain more quickly the desired
results.
"This is a democracy; you have got to
live by the principles of democracy. If It
occasionally hurts you, stnnd It, but believe
In the Incorrupted voice of tho public and
keep our legislatures pure. (Loud applause.)
"Then, In addition to that we wanted
those who were in tha insurance business to
attend to the Insurance business and not
run a lot of other businesses. (Applause.)
We did not want to see, and it was unsafe
that such a condition should remain, that
the vast accumulations of our Insurance
companies be controlled by banks and trust
companies and that other enterprises should
be made tributary to the designs of ambi
tion or be mado possible to be used for
ulterior purposes. No, let the Insurance
business, as one of the greatest if not the
greatest In the country, be run as an In
surance business, solely for the benefit of
those who are paying to be protected by the
contracts of the corporation. (Applause.)
"Then we wanted to secure In actual
practice the carrying out of the theory of
corporate organization, that things should
be done openly and with the consideration
of those entrusted with tho powers and
obligations of directors, and that the meas
ures that should be taken should be con
sidered by those who, under the forms of
the law, were required to consider them,
and that, however skillful might be the
management, however astute might be the
leadership, those having these great powers
should tx shielded from the temptation to
deal with matters which would not permit
a vote of the directors In their confirma
tion. Policy Holders to Benefit.
"Now, In addition to nil that, we had In
mind this, that Important asuccess alwayr
will be In the estimation of the American
people and of those who are engaged In
any particular line of effort. In this busi
ness success, from a proper standpoint,
meant the benefit of the policy-holder.
(Applauae.) It was his money that was
received; It was his money that made ex
pansion possible; It was his contract that
furnished the standards of corporate oblS
gation, and he was tho man whose Interest
should furnish the test of every policy of
administration.
"Now It may be said has frequently been
said that these matters could be properly
confided In, the interests of . the policy
holders could be devolved upon, those who
were entrusted with the cares of adminis
tration, without any restriction. A power
ful argument under ordinary considera
tions, but an argument that lost much of
Its force In the presence of the revelations
of the recent Investigation. It seemed to
be perfectly clear that It waa necessary
that the state that had created the cor
poration and that had made It possible
for It to do business, through whose action
alone these great activities were carried
on, should provide such regulations not
which would hamper any legitimate effort,
but would put obstacles in the way of any
effort that was not In the interest of the
beneficiaries.
"We had on the one hand to consider
the possibility of the use of opportunities
for Individual aggrandizement. No one
stood for that; no one would stand for It;
and I believe the time has gone by when
it wl'l be possible In the Insurance busi
ness. "I believe that under conditions that now
obtain, whatever may be the policy of the
management it must bo a policy directed
to the benefit of the policy-holders and not
to tha benefit of those concerned with the
management.
High Pressnre Methods.
"But we could not stop there. For. en
tirely apart from the Illustrations that were
given of the yielding to temptation on the
part ef many; we found a situation where
as great or perhaps a greater evil existed
In the extravagance due to high-pressure
methods, and thera waa no way, apparently,
considering the honesty and sincerity ot
purpose of all concerned, to deal with that
without some restrictive legislation, for A
would rush in where B did not want to go,
and C would have to follow suit In his own
defense; and with the door open assuming
there was no attempt to use funds for any
personal advantage, there would be the
constant desire for the sake ot the great
prise of Individual corporate success to
press on to extravagances which the In
surance men knew were not In the Intereet
of the business, but against It. (Applause.)
"As I talk from time to time with Insur
ance men, I find them Just as keenly alive
to the necessity of care and economical
management aa any man in that Investiga
tion could possibly have been. My friends
you agents, and those who superintend
agents you don't like to go out and talk
to policy-holders as men except upon a
fair basis, knowing that the organisation
and the conduct of the business of your
company make good what you say. (Ap
plause and cheers.) You naturally have an
Intense feeling of loyalty; and I tell you
that when everything la said and done,
that which makes a man Is his loyalty.
(Applause.) He has got to be loyal to some
thing, he ought to be loyal to business,
he ought to believe In It, and he cannot be
much of a success If his whole heart Is not
In it. (Applause.) But first and foremost,
if he is any sort of a man ha has got to
be loyal to himself (applause), and to feel
that when he says that his company Is
doing a certain thing, and that it guaran
tees certain things, and the company Is
managed in a certain way, that it is Uod's
truth and he can put his hand to the
wheel. (Applause.)
Pay Is Deserted.
"Now I believe that every man Is
worthy of his hire, and there Isn't any
department of effort In which I wouldn't
like to see men advanced. We are all
seeking to get in every department of life
a larger life, a more ample income, com
forts and a participation In all that our
civilisation makes possible. That is Amer
icanism, that Is what every boy thinks of
when he starts out In the world, what
every man wants: and no one would set
a limit to the legitimate effort except
this: That In every line of business what
is paid must have proportion to what that
business can stand; and the whole ques
tion in life Insurance aa to what Is paid la
not the volume of business that ran be
written, not the glowing report that can
be spread with Impressive totals as to
the results of a year which sound great
to the men who don't know, but what It
will honestly bear to the men who do
know, becuuae the payments are compati
ble with the interests of the business and
of those who depend on It.
"And so it is that certain restrictions
were imposed. Borne say. Throw them
down; leave the doors wide open; the In
surance business Is reformed; there will
be no difficulty of the sort previously en
countered.' My friends, human nature has
hot changed either in or out of the In
surance business. (Laughter.) The condi
tions of competition have not changed:
the natural struggle for first place Is the
same. (laughter) The desire to get
there will ever be prominent. Now, In
all lines ot effort these things are ac
knowledged. You have got to play base
ball under pretty rigid restrictions If
you are going to have a decent game.
(Laughter.) You have got to have fellowa
In the foot ball piny to see that the
thing comes right and avoid a scramble
and rush and a lot of Injuries easily pre
ventable. Tho great thing Is to try and
have restriction which are needed, to
have them fair; and there has not been
any legislation that I know anything
about In many years thst has received so
much attention, and has had the benefit
of such expert consideration on the part
of Insurance men, as the legislation In
New York state. So far as I am con
cerned, I have no pride . In my opinion.
What I did in that. I did to the best of
my ability. (Ioiid applause.) We sought
all the light we could get. We did not
want to be arbitrary. We wanted to find
out what fairly could be paid with refer
ence to the Interest of the business, con
sidering the policyholder Is paramount;
and then we wanted to lay down such
rules within which competition could go on
but without high pressure and tension and
force atrd artificial development, which,
If It Is continued, would bring about In a
few years a recurrence of disaster, and
In the long run even the great Insurance
business could not stand up under It.
(Applause.)
Trust to Experience.
"If there Is anything wrong let experi
ence demonstrate It; hut. my friends, I
would say. In all frankness to you. It
seems to me a mistaken policy to throw
down the barriers which are erected, not
for the purpose of preventing men from
getting Insurance, not for the purpose of
preventing those who are soliciting Insur
ance to secure what they should fairly re
ceive, but to requl.-e all to work under
conditions which mean fair play to nil
interests and an absolute prevention of
the recurrence of those evils which tho
business cannot stand. There Is no de
partment of the Insurance business so vitally
Important as that which relates to the in
surance of the poor (applause); and there
Is- no department of the Insurance business
in which patriotism, In which a real, genu
ine Interest In one's fellow man should
predominate so entirely In the determina
tion of outlays.
"My friends, this is a subject very close
to my heart. I wish the Insurance bus
iness Godspeed. I have never wanted to
hurt it. I want to do all that can be done
to sustain it; and your kindly greetings
here have affected me more than I can
tell you. God bless you ail." (Long con
tinued applause and cheers.)
The governor then came down from the
platform and waa Introduced to and shook
hands with each officer, superintendent
of agencies and members of the convention.
The occasion of the address was a con
vention of about 800 managers of the
Metropolitan Life Insurance company's
field force, numbering over 11,000 agents.
They came from 39 different states and
five provinces In Canada, and manage the
agency business of the company.
FIRE PREVENTION PROBLEMS
(Continued from Page One.)
of $1,500. Now, the extra $50,000 of Insur
ance, or the sum over and above 15 jer
cent of tho value ot the building, Is granted
a rate equal to only 46 per cent ot the
preceding rate (45 per cent of 100 cents) or
45 cents; 45 cents per 8100 of insurance for
the extra 0,000 of Insurance gives a total
of 226. The total amount of the premium,
therefore, for 1200,000 of Insurance equals
81,600 plus $225. which equals 11,725. The
rate for the $200,000 policy, therefore, equals
$1,725 divided by $200,000, or 86. S cents.
Suppose now that the owner of the build
ing agrees to take out 90 per cent of In
surance, or $300,000. The table provides that
the extra $100,000 over and above the pre
ceding $200,000 of Insurance shall be granted
at a rate equal to only 40 per cent of the
preceding rate (that Is to say, 40 per cent
of 88.3 cents). The rate for the $300,0C0
policy would, therefore, be computed by
adding to the premium for the $200,000 of
Insurance ($1,725) 40 per cent of the pre
ceding rate (that Is to say, 40 per cent of
86.S cents, or 34.6 cents) per $100 of insur
ance for the extra $100,000, giving an addi
tional premium of $345. The total premium,
therefore, on $300,000 of insurance will bs
$1,725, plus $245, which equals $2,070. The
rate for $300,000 of insurance is found by
dividing $2,070 by $300,000, which gives a
rate of 69 cents.
The same method of computation may be
used for calculating the rate for additional
Insurance t) any amount, until finally the
entire building is insured, which, If done,
will require a rate equal to only 28 per
cent of the rate required by the schedule
If the building Is Insured to only 15 per
cent of Its value. Thus what we find is
this, that if this hypothetical million-dollar
fire-proof building Is Insured under a $150,
009 policy the rate would be 100 cents per
$100 of Insurance and the total premium
$1,600. The building, however, may be In
sured In full, In which case the rate would
be reduced to 28 cents per $100 of Insurance,
while the premium would be only $2,809, or
not quite twice as much as In the casj
where only $150,000 of Insurance was car
ried. The same reduction In the rate Is
made for additional Insurance where the
rate, as found by the schedule in use. Is
75 cents, 50 cents or any other figure for
the first 16 per bent of insurance. Thus,
where a rate is found by the rater to be
50 cents, this rate 'is chsrged when only
15 per cent of the value of the building Is
Insured. If, however, 50 per cent of the
value la insured, the rate will be reduced
to 49.7 per cent of 50 cents, or 24.83 cents;
while, if the building is Insured In full, the
rate, instead of being 50 cents per $100 ot
insurance, will be only 8 per cent of 6)
cents, or 14 cents. The Business World.
, Tho AVUard.
Some years ago an expedition from the
University of Pennsylvania was sent to one
of our southern etatea for the purpose of
observing a solar eclipse.
The day before the event one of the pro
fessors said to an old darky belonging to
tiie household wherein the scientist was
quartered:
"Tom, if you will watch your chickens
tomorrow morning you'll find that they'll
all go to roost at 11 o'clock."
Tom was, of course, sceptical, but at ths
appointed hour the heavens were darkened
and the Chickens retired to roost. At Dill
the negro's amazement showed no bounds,
and he sought out the scientist.
"Perfessor," said he, "how long ago dli
you know dem chickens would go to
roost V v
"About a year ago," said the professor,
smilingly.
"Well, ef dat don't beat all!" was the
darky's comment. "Perfesjer, a year ago
dem chickens wa'nt even Hatched!" Har
per's Weekly.
A Short-Lived Score.
"That." aald Senator Beverldge of a witti
cism to the Cleveland Leader, "was quaintly
put. It Is like the remark of the old vet
eran. This aged man. going from his room
one night to let out the cat, stumbled on
the landing and pitched headlong down Into
the hall. 'Why, Silas,' called his wife, 'is
that youT Ptd you fall downatalrsr 'Yes.'
grunted the old fellow, rising slowly. 'Yes,
I did, and for about a minute and a half
I thought I'd lost my penaion.' "
n. L. HALDWIX, Pres.
IES ILio
TV. A. YONSOX, Vice rira.
M. K. FOIMCY, Hccy.
IB
ALDWIM i CO
CERTIFICATE OF" PUBLICATION
8TATR OF NKRTtASKA. OFFICE
OK AT IUTOH OF PUBLIC AC
COUNTS. LINCOLN. Feb. lot, Jjot.
IT IS HEREBY CERTIFIED, That
the United Stales Fidelity and Guar
antee Insurance Company, of Balti
more, In the state of Maryland, ha
complied with the Insurance law ot
this state, applicable to such com
panies, and Is therefore authorised to
continue the business of burglary, se
curity, fidelity Insurance in this stste
for the current year ending January
31st. lfn.
Summary of report filed for the
year ending Iecember 81st, 1907.
INCOME
Premiums $2.62K.8X.47
All other sources.. 17t,737.S
Total $2,9M,134.1
DISBURSEMENTS
Paid policy holders $ 936,632 11
All other payments 1.4S4.401.66
Total $2,419,933.67
ADMITTED ASSETS
$3,907,155.35
LIABILITIES
Unpaid cl a I ms
and expenses.... $ 4S9.331.24
Un e ar n e d pre
miums 1,393,246.00
All other lia
bilities 122,283.07 $2,004,859.S1
Capital stock
paid up 1,700,000.00
Surplus beyond
ca p I t a I stock
and other lia
bility 202.296.04 1.9O2.29S.04
Total $3,907.155 36
Witness my hand and the 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.
GENERAL INSURANCE AGENTS
ESTABLISHED 1801. INCORPORATED 1000.
I1CKXSED BROKERS
HO. 1221 FARNAM ST. OMAHA
CERTIFICATE OF PUBLICATION.
STATE OF NEBRASKA, OKFIC15
OF AUDITOR OF TUBL1C AC
COUNTS. LINCOLN. Feb. 1, 1908.
IT IS HEREBY CERTIFIED. That
the Palatine Insurance Company of
London. England, has compiled with
the Insurance law of this state, appll
able to such companies and is there,
fore authorized to continue the bUBl
ness of Fire, Lightning and Tornado
Insurance in this state for the current
year ending January 81st. 1909.
Witness my hand und the seal of the
Auditor of Public Accounts tho daj
and year first above written.
E. M. SEARLE, JR.
(Seal.) Auditor of Public Accounts.
JOHN L. PIERCE, Deputy.
CERTIFICATE OF PUBLICATION.
STATE OF NEBRASKA, OFFICE
OF AUDITOR OF PUBLIC AC
COUNTS. LINCOLN. Feb. 1. 1908.
IT IS HERKBY CERTIFIED. That
the German American Insurance Com
pany of New York, in the state of New
York, has complied with the insurance
law of thin state, applicable to such
companies and Is therefore authorised
to continue the business of Fire,
Lightning and Tornado Insurance in
thli state for the current year edlng
January Jlst. 1909.
Witness my hand and the seal of the
Auditor of Public Accounts the day
and year first above written.
K. M. SEARLE. JR.
(Seal.) Auditor of Public Accounts.
JOHN L. PIERCE, Deputy.
CERTIFICATE OF TURLICATION
STATE OF NEBRASKA. OFFICE
OF AUDITOR OF PUBLIC AC
COUNTS. LINCOLN. Feb 1, I!08.
IT IS HEREBY CERTIFIED. That
the Providence Washington Insurance
Company of Providence. In the state
of Rhode island, has comp.led with
the insurance law of this state, appli
cable to such companies and is there
fore authorized to continue the busi
ness of Fire. Lightning and Tornado
Insurance In this state for the current
yar ending January Slst, 1909.
Witness my hand and the seal of the
Auditor of Public Accounts till day
and year first above written.
E. M. SEARLE. JR.
Beal.) Auditor of Public Accounts.
JOHN L. PIERCE, Deputy.
CERTIFICATE OF PUBLICATION.
STATE OF NEBRASKA, OFFICE
OF AUDITOR OF PUBLIC AC
COUNTS. LINCOLN. Feb. 1. 1108.
IT IS HEREBY CERTIFIED, That
the Hartford Fire Insurance Com
pany of Hartford, In the state of
Connecticut, hss complied with the
Insurance law of thla state, applicable
to such companies and I therefore
authorized to continue the business
of Fire, Lightning and Tornacli In
surance In this state for the current
year ending January 31st, 1 90.4.
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, Deruty.
CERTIFICATE OF PUBLICATION.
STATE OF NEBRASKA. OFFICE
OF AUDITOR OF PUBLIC AC
COUNTS, LINCOLN, Feb. 1st. IStiH.
IT IS HEREBY CERTIFIED. That
the Maryland Clumsily Insurance
Company, of Baltimore. In the Mule
of Maryland, ha complied with the
Insurance law of this state appileibie
to such companies, and Is therefore
authorized to continue the business of
accident, employer's llahllttv, burg
lary, health, plate Kings, steam boiler
and sprinkler insurance In this state
for the current year ending January
Jlst, 1909.
Summary of report filed for the
year ending December 31st, 1S0U
INCOME
Premiums ti.oin.7W 94
All other sources.. 175.130.01
Total
, $3,190,1$.$5
IHSBl'KSKM ENTS
Paid policy holders $1.34ti23 M
All other payments 1.710,414.80
Total $3,066,438.33
ADMITTED ASSETS
$,1,470.2
LIABILITIES
Unpaid rl 1 1 m I
and expenses., $ 906,587.84
Unear n d pre
miums 1,452,737,03
All other lia-
$4,134,479.21
hlitles
Capital stock
paid up
Surp'u" beyond
capital stork
and other liabilities
700,000.09
913.22S.15 1.663.12A15
Total $4,130,479.23
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.
J900
Eighth Annual Statement of the
Columbia Fire insurance Co.
1908
of Omaha, Nebraska.
ASSBTS
First Mortgage Farm Loans $521.555 00
Municipal and School District Bonds 165,300.00
State, City and School District Warrants.... 4,729.03
Cash:
In Banks 66.946.28
In Office 6,014.07
Bills Receivable (Farm Premium Notes not
matured) 94,392.53
Premiums In course of collection (written
subsequent to October 1st 37,106.09
Accrued Interest on Bonds, Mortgagee and
Warrants 14,363.88
LIABILITIES
Capital Stock
Due Agents and Others
Reserve required by law for the protection ol
outstanding risks
Losses adjusted and unpaid
Reserve for estimated unadjusted losses
Net Surplus ,
$200,000.00
8.675.60
665,102.26
NONE
9,594.83
127,024.19
Total S1O.390.M
Total $910,396.88
BEBUX.TB XV 1907.
NET INCREASE:
Surplus f 26.917.23 Re-Insurance Reserve 127,821.68
Premiums 86,370.60 Admitted Assets 164,368.74
Vet Premiums WrXtem la 1907 1618,987.13.
Losses to Premium Income In ltOT 31.8 Premium Xnoome Since Organisation...
Security to Policy noiaers
.9893,138.45 Losses Paid Slnoe Organisation.
.99,488,697.00
743,783.69
STATE AGENTS
Nebraska, E. G. Bohanan... Lincoln, Nebraska South Dakota, Geo. L. lies Sioux Falls, S. D.
Kansas, C. II. Searle Topeka. Kansas North Dakota, Frank Harris Biamark, N. D.
Iowa, C. J. Wooldrldge Sioux City. Iowa Oklahoma, O. W. Doling Oklahoma City, Oklahoma
A prominent, strong and influential Western organization, under the management of experienced and suc
cessful underwriters, with an aggressive field force. Issues the easiest selling policies on the market, among
which may be mentioned particularly. Its Combined Dwell Ing Policy and Its Farm Policies, whloh In case of loss are
cash as soon aa adjusted. Live Stock covered against loss by fire or tornado, on or off premises of assured.
Local Agents Desired in the Above Territory Where Not Already Represented.
Officers
1). E. THOMPSON, President,
C. E. YOST, Vice Pres.
J. B. IHNSMORE, 2d Vice Pres. '
C. D. MULLEN, Sec'y and Treas.
C. O. TALMAGE, Asst. Sec'jr.
Directors
D, E. Thompson
Henry Ragats
J. A. Sunderland
J. T. Dressier
E. G. Bohanan
C. E. Yost
H. A. Wiggenhorn
J. H. Miles
C. D. Mullen
Certificate of Publication
STATE OF NEBRASKA, OFFICE OF
AUDITOR OF PUBLIC ACCOUNTS.
LINCOLN, Feb. 1st. 1908.
It Is hereby certified, that the Columbia
Fire Insurance Co. of Omaha, in the Slate
of Nebraska, has compiled with the Insur.
ance Law of this State, applicable to such
companies and la therefore authorized to
continue the business of Fire, Lightning
and Tornado Insurance In this state for
the current year ending January SlBt, 1909.
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 U PIERCE, Deputy.
CZKTITICATX OP PWLXCATXOV
STATE OF NEBRASKA.
Office of
Auditor of Publlo Accounts.
Lincoln, Neb., Feb. 1, 1908.
It Is hereby certified that the Re
liance Insurance Co., of Philadelphia,
In the state of Pennsylvania, has com
plied with the Insurance law of this
state, applicable to such companies,
and Is therefore anthorlxed to con
tinue the business of fire and light
ning insurance In this state for the
current year ending January 31. 1909.
Witness my hand and the seal of
the Auditor of Publlo Accounts, the
day and year first above written.
(Seal) E. M. SEARLE. JR,
Auditor of Public Accounts.
JOHN L. PIERCE, Deputy.
CBBTXPIOATB OP PITSLIOATIOW
STATE OF NEBRASKA,
Office of
Auditor of PuVUe Aoeounts.
Lincoln, Neb.. Feb. 1, 1908.
It is hereby certified that the Atlas
Assurance Co., of London, England,
haa complied with the Insurance, law
of this state, applicable to such com
panies, and Is therefore authorised
to continue the business of fire and
lightning Insurance In this stato for
the current year ending January 31st,
1909.
Witness my hand and the seal of
the Auditor of Public Accounts, the
day and year first above written.
(Seal) E. M. SEARLE. JR..
Auditor of Public Accounts.
JOHN L. PIERCE, Deputy.
FELL a PINKERTON CO.
GENERAL INSURANCE
408 First national Bank Building.
Phone Dooglts 147, OMAHA, KEB,
CERTIFICATE OF PUBLICATION
STATE OF NEBRASKA
Office) of
AUDITOR OF PUBLIC ACCOUNTS
. Lincoln, Feb. 1st, 1808.
It is hereby certified that the Casualty Company of America, ot New York,
In the State of New York, has compiled with the Insurance law of the state,
applicable to such companies, and Is therefore authorized to continue the
business of accident, employers' liability, plate glass, steam boiler Insurance In
thla state for the current year ending January Slst, 1909.
Summary of report for the year ending December SlBt, 1907.
INCOME
Premiums 11,487,040.17
AH other sources 60,925.00
Total i 11,547,965.17
DISBURSEMENTS
Paid policy holders 638,440.12
All other payments 813,238.82
Total 11,451.673.94
ADMITTED ASSETS 12.031,697.93
LIABILITIES
Unpaid claims and expenses 334, 146. R7
Unearned premiums 801,989.04
All other liabilities 194.713.59 f 1. 330.849. 50
Capital stock paid up 600,000.00
8urplus beyond capital stock and other liabilities. . 200,848.43 700,848.43
Ttotal $2,031,697.93
Witness my hand and the seal of the Auditor of Public Accounts, the day
and year first above written. E. M. SEARLE, Jr.,
Auditor of Public Accounts.
JOHN L. PIERCE, Deputy.
M in Vm.i.ii m mi ..i..sMs.aeM)
CEBTXPICATB OP FVSX.ICATXO
STATE OF NEBRASKA.
Office of
Aadltor of Publlo Accounts.
Lincoln, Neb., Feb. 1, 1908.
It Is hereby certified that the Hamburg-Bremen
Fire Insurance Co., of
Hamburg, Germany, has compiled
with the Insurance law of this state
applicable to such companies, and la
therefore authorized to continue the
business of fire and lightning insur
ance in tliis state for the current
year ending January 31st, 1909.
Witness my hand and the seal of
the Auditor of Public Accounts, the
day and year first above written.
(8eal) E. M. SEARLE, JR..
Auditor of Public Accounts.
JOHN L. PIERCE, Deputy.
CEBTXPXOATB OP PTTI.IOATIOIT
STATE) OF NEBRASKA,
Office of
Auditor of Pnbllo Aoeounts.
Lincoln, Neb., Feb. 1, 1908.
It Is hereby certified that the Mich
igan Commercial Insurance Co., of
Lansing. In the state of Michigan, has
complied with the Insurance l.tw of
this state, applicable to such com
panies, and Is thorefore authorized
to continue the business of fire, light
ning and tornado Insurance In this
state for the current year ending
January list, 1909.
Witness my hand and the seal of
the Auditor of Public Accounts, the
day and year first above wrlttsn.
(Seal) E. M. FEARLE, JR.,
Auditor of Public Accounts.
JOHN L. PIERCE. Deputy.
WEBSTER HOWARD CO
VViite Only Reliable and Sound Insurance
Fire, Tornado, Plate Glass, Automobile, Burglary pe XL Accident
CERTIFICATE OF PUBLICATION
STATE OF NEBRASKA
Office of
Auditor of Public Accounts
Lincoln, Feb, 1, 190t.
It is hereby certified that the
Insurance Company of North
America, of Philadelphia, in the
state of Pennsylvania, has com
piled with the Insurance la of
this state, applicable to such com
panies and is therefore authorized
to continue tha business of fire and
lightning, tornado, marine and in
land insurance in this state for the
current year ending January 31st,
1909.
Witness my hand and the seal of
the Auditor of Public Accounts,
the day and year first above
written.
E. M. 8EARLE, Jr..
Auditor of Public Accounts.
JOHN L. PIERCE, Deputy.
CERTIFICATE OF PUBLICATION
Office of
STATE OP NEBRASKA
AUDITOK OF PUBLIC ACCOUNTS
Lincoln. Neb., February 1st, 1908,
It Is hereby certified that the Metropolitan Casualty Insurance Co., of New York, In
the state of New York, has complied with the Insurance law of this slate, applicable to
such companies, and is theretore authorized to continue the business of accident
plate glass Insurance In thla state for the current year ending January 31st, 190V.
Mammary of Jteport Piled for the Tear Ending December Slst, 1907.
Premiums
All other sources ,
Total
Paid policy holders
All other payments
Total
DXBBUBIZMZkTTS
ADMITTED ASSETS
Z.IABZXJTIXS
8SS4.641.18
ia.iuo.57
$119,78 SS
83S.U62.12
$5-4.341.73
$554,827 67
$5I7,64 64
Unpaid Claim and Expenses $ 1 5.71 73
Unearned Premiums Ikl RIS KS
All other liabilities 1.131 it 8:96.429.84
Capital stock paid up 200.uu0.o0
Surplus btyoiid Capital Stock and other liabilities 101,164 70 801,164 70
Total 57,4 64
Wltnrs mv hand and the aeal of the Auditor of Public Accounts the l.tv and
year first above written. E. M. SKAKLE, JR., Auditor of Puolic Account.
(Seal) JOHN L. PIERCE, Deputy.
CERTIFICATE OF PUBLICATION
STATE OF NEBRASKA
Office of
Auditor of Public Accounts
Lincoln, Feb. 1, 1908.
It is hereby certified that the
Liverpool and Iondon and
Globe Insurance Company, of
Liverpoole, England, has complied
with the innurance law of this
state applicable to such companies,
and is therefore authorized to con
tinue the business of fire, light
ning and tornado Insurance In this
state for the current year ending
January 31st, 1909.
Witness my hand and the seal of
the Auditor of Public Accounts,
the day and year first above
written.
E. M. s'EARLES, Jr.,
Auditor of Public Accounts.
JOHN L. PIERCE, Deputy.
Bcc Building Phone Doug. 970
John F. Webster John C. Howard William E. Hitchcock