THE OMAIIA" SUNDAY BEE: MAY 2, 1 flirt. "
n
OMAHA INSURANCE CENTER
Ought to Be Headquarter! for a Big
Cluster of Companies
STBONO CONCERNS LOCATED HERE
Cerenan-Anicrleaat Life Emnflt
uf Wkil Alar Be Dun la tho
Wr ( BaHdlng tp a.
Horn Instltatlo.
'Tli ore li no good reason why Omaha
should not become ona uf the greatest In
surance centers In the west," said U. L. kJ
' Jt.lngbell, president of the German-Ameri
can Life Insurance company of Omaha,
"1 am Inclined to think that there U a
tendency toward the growth of Insuianco
concerns In the west and that they will
rapidly multiply In the not far distant
future. The same facilities of capital und
Integrity, to any nothing of enter pi ise, exist
her In this treat wealth producing and
prosperous west that exist In the east.
where the great Insurance companies have
become firmly planted and piesumo to
- maintain themselves by some sort of a
divine right.
"Our company, the German-American
Life Insurance company, has been in ex
istence but four years. It la what la known
aj a atlpulatcd premium company, and we
maintain a legal reserve Just as do the old
Una companies. We started In four years
ago with but $1,200 as assets, and now we
have 7a,000 In first farm mortgages, or
slightly In excess of (100,000 In gross assots.
Hecuril tot () Company.
"January 1, 1907, our total amount of In
surance in force was RS9,00. January t,
1310, our Insurance In force was 14,417,600,
ond we expect to reach the $8,000,000 by the
close of the present year. We led the
world on gross volume of legal reserve
life Insurance gained In Nebraska In the
, years 1'jOS and l'.HW, and our business this
year will be much ahead of last year.
"This company Is neither a mutual nor
Is It an old line company, but la simply a
stipulated premium company, organized
under the laws of Nebraska. It Is osten
sibly a Nebraska concern, officered and
lapltalised by Nebraska men and Nebraska
money,
"Since the organisation of our company,
our total Income from Interest receipts
alone has exceeded the total amount paid
for death claims by 33.10 per cent.
"The amount of new Insurance we have
written during the year, 4s shown by the
official records of the state auditor's of
fice, was 13,032,500. We paid dividends to
policy holdera In 1909, $J.17.77. and since
organization we have paid policy holders
136,0&9.6J, which is not a bad showing for
a new company."
Taxation of Life Insurance.
On the question of the taxation of life
Insurance, Mr. Kllngbell said; "To my
mind the greatest problem that is today
confronting the buyer of life Insurance it
the tendency of the various states anl also
of the national government to tax life In
surance premiums more heavily than any
other tine of business. The system of tax
ation of life Insurance premiums In recent
years has advanced by leaps and bounds,
until today It' la becoming burdensome to
the person that buys life Insurants
"No life insurance man will say that the
legal reserve value of the policy should not
be taxed. I believe that this part of the
life Insurance premium should pay Us equal
share of taxation in the same proportion
that Is levied on other property, both per
sonal and real. The public In general that
buy life insurance have not taken sufficient
pains to Investigate the methods of taxa
tion Imposed upon If Insurance companies.
"I am sensible ot the fact that taxation
of life Insurance premiums Is a problem of
more than passing Interest from a statute
devised for the purpose of producing
enough revenue to defray the legislative
expenses of an Insurance department, the
laws of most states have undergone grad
ual change until we have class legislation
In fact. If not so In name.
"A tax sufficient to defray expenses to
conduct every Insurance department In an
efficient manner is a necessary and legiti
mate burden for all ' insurance companies
, to share.. But) such expense could be re-
duced to a minimum by the creation of a
national department ot Insurance, thus
bringing all companies In the United States
operating in more than one state under one
common supervision and control. This
would simplify the complex demands of
the various states and eliminate the present
unjust burden; provided the various states
would consent to surrender supervision and
base taxation purely upon the Investment
portion ot each policy and so accept the
national department certificate of solvency.
Issued - to each corporation as sufficient
qualification to transact business in each
state. Buch legislation would remove a
multitude uf defects, now so abundant In
, the insurance statutes of every state in
X we union.
"It IS unjust to tax the premium paid for
a term rato policy, a whole life policy, or
the mortality and expense feature of all
omer c asses or nnnoi mt rn ht
, ;wlll crcato a larger fund than Is necessary
w vyi uiv mo insurance aeparimem in a
thorough r.innnei. It is unjust to tax the
mortality provision of the premium, be
cause such Is taxing benevolence.
"Taxing the expense feature of a life in
surance premium Is virtually an Income
tax levied on the life Insurance business.
Our supremo court has declared an in
come tax levied agtlnsit one class of peo
ple Is unconstitutional, because It Is class
legislation. I hold 'hat a tax on the ex
pense of the premium is an Income tax
because It Is class legislation.
(out pels lllaher Hates.
"The tax sequence has been that all In
aurance companies were compelled during
me past years to increase the rata to
meet this additional burden. It would be
equally just to tax every corporation upon
tho gross salaries paid, and. In fuct, tax
all moneys paid by them for advertising
end any other management expenses. One
branch of business certainly should not be
neid up at the expense ot the others.
uiu iieartny in ravor ul any movement
along practical lines that would eliminate
tuo injustice pupetrsted upon all life in
surance patrons under existing laws. To
oring aoout such needed reform, however
tho Ufa insurance companies should make
tho first start In the right place, which Is
in their own home office Eliminate the
tVi.n-' and th, n (mil it .....! .....ii .
Great Growth
of the Old Line
Bankers Life
Splendid Showing of a Nebraska
Company that Docs Business
Along Conservative Linei.
The history of surccssful financial insti
tutions In the went Is one long record of
the economy, frugality and self-denial
practiced by Its originators and managers,
few persons comprehend the difficulties
encountered.
Notable today amon the great financial
Institutions of the state Is the old-line
Cankers Life Insurance company of Un
coin. Organized In 1SST with liOO.OOO cap
ital and no surplus. It entered the western
Insurance field In competition with tho
slants of the east. In times of drouth Its
officers watched the clouds as anxiously
as tho farmer. In business depressions and
panics their efforts were prayerfully di-
m
ected to the encouragement of agents
that their business might not grow less.
In 10 the assets of the old-line Bank
ers Life had grown to about IXW.OOO. Ten
ears later, . In linn, it enters Its twenty-
ourth er with assets of nearly It.OOO.aO
and surplus of nearly $1,000,000. It has now
In force in sixteen states over 2?,0o0,fl00 of
It. surance, writes annually In Nebraska
from two and one-half to three millions,
wo or three times a much as any other
Id-line company, and has more Insurance
n force In the state than the biggest or
oldest.
Although its premium rates are the
owest on recird. Its returns to policy
holders on mi.turtng contracts are the
highest. - Its ttenty-payment life policies,
taken at age Si and upward, are maturing
better than indowmonts, demonstrating
that life insurance in a we 1 managed
old-line company Is protection, a sure
method of saving and a profitable Invest
ment
The Investments of the company aside
ftom pulley loans are exclusively first
farm mortgages. Having outgrown its
present rented quarters, It has contracted
for the erection of a commodious home
office building at the corner of N and
Fourteenth street, Lincoln. It will have In
Its new fire-proof building spacious vault
and filing space and ample room for Its
rapidly growlnc business.
clL
jr.fve.'
HeMcctloaa of luclo :..-..
k. lanlt Purdy says he has got a lot of
u.d him a half dollar eVer mt
Spanish war. r
u ain l so much a sign of arlstocraoy to
have egg on your chin as it was I,
Here's once wnrn the risih ..... -..
ran smooth. A couple in Milwaukee wis
married on idler skates. J uuku.
' Practical Kxir rlrnt-r.
The old farmer, equipped with tha m.i.
cf his trade, was buiy near the road
"vvnai nave you growing in that field''
ssked the Innocent passerby.
V'Weeds." answered the are niter
vyv .uj juu cultivating weeds?
b "' 'ou cultivating
.rfAtd the other.
L ree," replied the man beh
V f r I' ot experience I a
vu'ed that Is the only way to ext
tiu." cto4e Nee a,
hind the
m con
extermlnati
German
nit
EinisiULrsinic
Company
OMAHA
NE
SKA
1
From organization to January 1st, 1910, our total interest
receipts alone, has exceeded all death claims by 33:10 per cent
E led the world on gross volume of legal reserve
life insurance gained in Nebraska in the years
1908 and 1909.
RELIABLE SOLICITORS WANTED
w
L0NES0MES CRY FOR WIVES
Settlers In Northwestern Canada till
Tasmania ften4 Oat Call
for He)?.
The lonely cry of bachelor farmers In
Canada's northwest has been heard by
the Woman's guild of Montreal and ar
rangements have been made with two lines
of steamers plying between that port and
England for the pasKage ot 4,000 domestic
servants to be brought over this summer.
The officers of the guild announce that
applications have already been made for
the services of every one of these domestic
servants, and that the demand Is so great
that they could place twice the number
already engaged. Most of these 4,000 ser
vants will be sent to the provinces of Sas
katchewan and Alberta. And as most ot
them are women. It is probable that they
will be quickly snapped up . as wives by
the desperately lonely farmers of the
northwest Thus history will repeat Itself
and the scenes enacted in Virginia and the
other colonlea in the earlier days of the
settlement of thlr country will be re-en
acted in western Canada.
A similar appeal for help comes from
Tasmania In western Australia, where
boys are plentiful and girls uncommonly
scarce and precious. A correspondent ot
the New York Bun tells about It:
"There la no 'race suicide' in Tasmania,
but there la a 'i.ic famine.' My Anglo
Indian friend of Whom I wrote is a living
example ot this 'race struggle.' He has five
children, all grown up. The eldest, a
woman, is married and has three boys. The
eldest son has taken a wife, but he has
two boys and no girls. There are three
unmarried sons remaining and no wives
can be had.
"Colonel Moore, the prime ranlster ot
Western Australia, who is now in London,
re-echoes the cry, ''Send us girls!' 'Our
farmers want wlvs,' he say's In a letter to
to a London paper.
'Consequently applications have been
pouring In to the offices of the Emigration
society, 15 Victoria street, London, E. C.
and it Is said tnat a party of picked women
will ttart befoie tho end of May to the
number of at least 100. They will be taken
to Perth, the capital of Western Australia,
and then transshipped to Tasmania or any
part of the Australian world they may
select. The fare to Terth Is only i5 and
there will be a matron in charge ot the
party.
"In the Hobart paper there Is an amusing
incident recorded. Three young dress
makers from the borders of Wales had
formed a sort ot joint stock company with
a view to starting business at Hobart; but
they had been Interviewed at Perth, and
when the ship entered port at Hobart three
successful young farmers, each owning his
farm 'free and clear,' stepped on board and
sought an introduction from tho captain
The result was that the three young ladles,
accompanied by the first offioer of the
ship and tho stewardess, went to the near
est church of England and three knots
weie tied. Three fine rigs awaited the
happy couples and off they started amid a
shower ot rice and old slippers.
liii
Accident Policy
Good Insurance
Public Begins to Understand and
Many Prefer it to a Straight
Life Plan.
CHURCH RENOVATION PERILS
Hodera Improvements Chill the
Ardor ot m Steady
Attendant.
That the smallest things occasionally
change the course of one's whole life was
demonstrated a few days ago by a little
story told by Former Btate Senator Mitchell
B. Perkins of Beverly, the treasurer ot the
Delaware River Transportation company.
The senator said that he once knew a
young man In a town over in New Jersey
who was regarded as exceedingly pious and
was often pointed out by (ond mothers as
an example for their sons. Every 'Sunday
evening he could be seen going to church,
and was also among tiie regular attendants
at the weekly meeting.
This commendable custom was kept up
for several years, but suddenly the young
man ceased to attend divine services, and
greatly all ot his acquaintances marveled.
Several conjectures were made as to the
cause ot his strange move, but none ot
them seemed to fit the case. Finally he
was approached by an Inquisitive fnenj.
"Jimmy," he rematked, "we never sea
you hustling for church on Sunday evening
any more. What's the matter?"
'Nothing." replied Jimmy, "only when
they renovated the church they abolished
the rear pew."
"What did that have to do with It?"
queried the wondering friend.
"A whole let," answered Jimmy. "It was
placed close up against the wall and was
the only pew in the church in which you
eould lean back your head and sleep
through the sermon with any degree of
eomforl." Philadelphia Telegraph. '
"No class ot Insurance has grown more
rapidly in recent years than accident In
surance, and there is practically no better
Insurance offered the public," said Wlllard
H. Butts, secretary and treasurer of the
Western Travelers' Accident association of
Omaha. "The difference between accident
and ordinary life Insurance is so slight
that a great many people now carry
only accident insurance. It has the
advantage of indemnity during the
life of the policy holder as well as the
death benefit. Another benefit of accident
Insurance Is that It Is written at less than
half the cost of old line or any other char
acter of life Insurance while offering the
same, If not a little better advantages to
the policy holder.
"The Western Travelers' Accident associa
tion Is an Omaha concern and has been
organized about eighteen years. There are
about fifteen other travelers' accident com
panies In the country, but we have been
very well satisfied with the share of the
business that comes to us.
"We do not maintain any branch offices,
nor do we have a big army of agents to
whom we have to pay commissions. Our
best agents are our satisfied policy holders,
and we are getting a good share of the
buslnees. While we are ostensibly a
traveling men's accident Insurance com
pany, we do not confine our risks wholly
to traveling men, but will take risks that
are no more hazardous than the vocation
of traveling men. Our company has been
a success from the start because we have
sought to operate It at a minimum of cost
commensurate with the maximum of pro
tection. There are many advantages in
accident insurance that those who are not
accident policy holders do not realize.
Every man Is liable to accident and with
the introduction of the automobile the ac
cident risk has materially increased, but
tho cost ot accident Insurance has not in
creased, nor is it likely that it will.
"Many of the accident companies have in
cluded sick clauses in their policies, and I
would not care to express any opinion for
or against these sick clauses. They havo
been worked out by the ablest actuaries in
the country. Ours Is strictly an accident
company, and we feel that In the term ac
cident we have pretty fairly covered the
field, for there are more kinds of accidents
than there are of sickness.
"It is Just as essential that a person
should carry accident Insurance as he
should carry life or fire Insurance. A man
Is constantly exposed to accident, and ac
cidents generally come Just at the time a
person Is not looking for them. They can
no more bo averted than death.
"Hence the public Is awakening to the
Importance and necessity of accident In
surance. Most of the accident companies
are prospering. I know that our company
has prospered wonderfully In the eighteen
years of Its existence. The last year has
been particularly a good ono with us and
thus fsr during 1910 we have written more
policies than-ever before In the same period
of time. We are looking for a big year In
1H0."
89 Kl
TENTH ANNUAL STATEMENT OF THE
Columbia Fire Insurance Co.
Of Omaha, Nebraska
JANUARY 1st, 1910:
ASSETS I
First Mortgage Farm Loans I
Ptate. City and Bchool District Warrants..
Municipal and School District Bonds . ..
Cash:
In Bunks
In Office
Bills Receivable (Farm premium notes not
matured)
Premiums In course of collection (Written
subsequent to October 1)
Accrued Interest on Bonds, Mortgages and
Warrants
7S9.32B.00
6.32T.04
191.660.00
83.9(11.18
2,549. 5
156,685.89
47.S2S.3C
21.SU6.89
LIABILITIES
Cspltal Stock
Due Agents and others, Including deferred
corn's
Reserve required by law for the protection
of outstanding risks
Reserve for Taxes
Losses Adjusted end Unpaid
Reserve for Kstimated Unadjusted Losses..
Net Surplus
200,000.00
IS, 899. 90
61, MO. 86
8,000.00
None
9,560.60
191. 411. ia
l,B84,7a3.Bt
91,984,723.99
RESULTS 1909
NET INCREASE. .
Surplus ,?S,il?'S!
Premiums 110. 611 65
Re-Insurance Reserve t 1S. .
Admitted Assets aoii,ui.4
Net Premlume In 1909 .... 738.338.71 Premium Income Since Organisation $4.1 J2.0S0.71
Losses to Premium Income in 1909 14. 7 percent Losses Psld Since Organisation 1,303, 839. S9
Security to Policyholders $1,253,273.49
Nebraska
Kansas
Iowa ,
STATE AGENTS
E. Q. Bohanan, Lincoln South Dakota
C. H. Hearle. Topeka Oklahoma ....
John F. Welble, Des Moines North Dakota
... Geo. L. lies, Sioux Falls
J. H. McNew, Oklahoma City
, . . Frank Harris, Bismarck
A prominent, strong and influential Western organisation under the management of experienced and suc
cessful underwriters, with an aggressive field force. Issues the easiest selling policies on the merket, smong
which may be mentioned particularly, Its Combined Dwelling Policy and Its Farm Policies, and In case nf Iocs
are cash as soon as adjnsted. Live stock covered against loss bv fire or tornado, on or off premises of a"sured.
Local Agents desired in the above territory where not already represented.
From 8200,000.00 to over a Million and a Quarter In Assets In ten years Is the record ot the Columbia Fire
Agents, with which comparison is invited.
a.
Home Office Merchants National Bank Building, Omaha
Telephone Douglas 451
OFFICERS
D. E. THOMPSON, Pre.
C. E. YOST, Vice, Fres.
J. D. DINSMORE, 2d V-Pr.
C. D. MULLEN, See. and Treag.
C. O. TALMAGE, Ass't Sea.
DIRECTORS
D. E. Thompson J. A. Sunderland
O. M. Murphey J. H. Miles
J. T. Dressier E. O. Bohanan
H. A. Wiggenhorin , C. ELYOst .'
C. D. Mullen
CERTIFICATE
OF PUBLICATION
State of Neraska, Office of Auditor
of Public Accounts, Lincoln, Feb.
1, 1910.
It Is hereby certified that the
Columbia Fire Insurance Co., of
Omaha, in the State of Nebraska,
has complied with the Insurance
Law of this state, applicable to
such companies and is therefore
authorized to continue the business
of fire Insurance In this state for
the current year ending January
31st. 1911.
Witness my hand and the seal of
the Auditor of Public Account,
the day and year first above writ
ten.
SILAS R. BARTON,
Auditor of Public Accounts.
C. B. Pierce, Deputy. i
D. L. BALDWIN. President
W. A, YONSON. Vice President
M. E. FOLEY. Secretary
B. L. BALDWIN & CO.
Nenrlugr Time to Stop.
A messenger boy was told to deliver a
telegram tt a certain Chicago minister on
a Sunday morning at the hour when the
preacher was in the pulpit.
The boy gained entrance to the vestry
door, and he was at a loss to know how
to reach the minister, who was then in
the midst of his di-cuurse. He finally suc
ceeded In attracting tho attention of one of
the ushers, to whom he whispered:
"How long has dat guy been preach
In ?'
"About thirty years," said the usher
"Well. I guess 111 wait. He muft be
nearly done," said the boy. Chicago Journal.
Trarlna Its Course.
Uncle Dan'l I notice some o' the papers
glvln' th' dally motions of th' comet "and
it makes mighty tnterestln' rvadln'."
Aunt Maria What did they say about it
this inoi n In'. Dan'l?
I'nele Dan'l Lemme me see. It was
somewhere due north, or south, of the
consolation of th' Little Dipper In the Dig
Bear country, Jea' east by west of of
Jupiter Caesar and 'leven degrees an' seven
minutes ahead of th' Milky Way an' gltten
closer an' closr to th' left ear of th'
Dug etar-ati' It wus traveliu' at th' rate
of 7,a.',ij.oou miles a second or less."
A mil Maria Well, well, ain't that Inter
eatinf Cleveland Plain Dealer.
1221 Farnam Street
.General Insurance Agents....
'Phone Douglas 271
i
CERTIFICATE OF PUBLICATION
State of Nebraska, Office of Auditor ot
l'ublio Accounts.
LINCOLN. Feb. 1, 1910.
It Is hereby certified that the Palatine
Insurance company, Ltd., of lxndon, in
Kngland, has compiled with the Insurance
law of this state, appllcablo 1 1 such com
panies, and' is, therefore, authorized to
continue the business uf Fire Insurknce In
this state for the current year, ending
January 31. 1911.
Witness my hand and the seal of the
Auditor of Public Accounts, the day and
year f!rst above written.
BILAS R. BARTON,
Auditor of Public Accounts.
(Seal.) C. E. PIERCE,
Deputy.
uver eigneen years experience in tue insurance Dusiness. we rep
first class companies, with combined assets of more than fifty millions
e adjust all losses promptly and pay cash without
delay and without discount.
Our combined Windstorm and Hail policy is very sat
isfactory protection at very low cost.
Our experience, and the protection of the insurance,
which we write, are yours for the asking.
resent six
of dollars.
CERTIFICATF OK PUBLICATION
Btnte of Nebraska. Office of Auditor of
l'ublio Accounts.
LINCOLN, Feb. 1. 1910.
It Is hereby certified that the Oerman-
merles n Insurance company of New
York, In the state of New York, has com
p.leu Kith the Insurance laW'of this state,
applicable to su- h companies, and is, there
for, authorised to continue the business of
l'.ie and Tornado Insurance In this state
for the current year, ending January 11,
1911.
Witness my hand and the seal ot the
Auditor of Public Acoounta, the day and
year first above written.
81 LAS R. BARTON.
Auditor of Public Accounts.
(Seal.) C. 13. PIERCE.
Deputy.
CERTIFICATK OK PUBLICATION
State of Nebraska, Office of Auditor ot Public Accounts.
LINCOLN. Feb. 1, 1910.
It Is hereby certified that the United States Fidelity and Guaranty Insurance
company of Baltimore, in tho state of Maryland, has compiled with the In
sin snce law of tliU stnlc, applicable to such companies, and is, therefore,
authorized to continue the business of Fidelity, Hurety, Guaranteed Attorneys,
Burglary, Casualty and Stesm Boiler Insurance In thii state for the current
year, ending Januuiy Jl. 1X11.
buinnurv of Report riled for the Year Ending I member II, 1909:
INCOME
Premiums
All Cither Sources
Total
DISBURSEMENTS
Paid Policy Holders
All Otlifr Payments
Total
Admitted Asset
LIABILITIES
Unpaid Claims and Expenses
Unearned Premiums
All Other Liabilities
Capital Stock Paid Up
Surplus Beyond Capital Stock and Other Liabilities
Total
Witness my hand and the seal of the Auditor of public Accounts the day
and year first above written. HI LAM R BARTON.
Auditor of Public Accounts.
C. K. PIERCE.
Leputy.
. 3.6X'J.gl4 M
24."0.43
I3.s;.is&.;i2
.1 S14.fi9T.lt
. l.B-'S.L'rti 6.'
I2.843.1.'.S
5,;U,8.ji
. 850,530 4ft
. l.fitl,H47.8
16M00.97 2,701,O7.7
, 2.000,000.00
612.807 64 2, 613. 807. 54
.lo, 213. SKI il
CERTIFICATE OF PUBLICATION
State of Nebraska, Office of Auditor Of
l'ublio Accounts.
LINCOLN, Feb. 1, 1810.
It Is hereby certified that the Providence
Washington Insurance company of Provi
dence, In the state of Rhode Island, has
compiled with the Insuranoe law ot this
state, applicable to such companies, and
Is. thPn.for, authorised to continue the
business of Flrn Insurance In this state for
the current year, ending January St, 19U.
Witness my hand and the seal of the
Auditor of Public Accounts, the day and
year first above written.
HI LAS R. BARTON,
Auditor of Puhllo Accounts.
(S'al ) C. E. PIKRCB,
Deputy.
StaUK?rf'Sl?ATF F "'CATION
Public A'l'brVk4, N0 ot Auditor of
l nolle AroountH.
1. . fc . LINCOLN, Feb. 1. 1110.
It la hereby certified thst the Hartford
Fire Insurance company of Hartford, In the
state of Connecticut, has compiled with
tho Insurance law of this state, applicable
to such companies, and Is. "hirefore
authorised to continue the business of Fire
and Tornado Insurance In this state for
w .c.urr"nt ,,ar- ending January II, J9U
Witness my hand and the seal of the
Auditor of Public Accounts, the day an4
year first above written. V
SI LAB R. BARTON,
Auditor of Puhllo Accounts.
R,' ) C. B. PIERCE.
Deputy,
I