THE BEE: OMAHA, MONDAY," JANUARY 20, 191X
Before deciding
on your insui-
nrr hono 1
1275. and
about tlte new
low rout. Mil
guaranteed pel
trie nil plan.
Iilfr. Mmltwl
Payment. Kn-
A o w in e n t a,
Joint or Part
nership. Cor
poration and Monthly Inionve or Pen
!lon Toll- les
rh Prodentlsl Im, Co. of America
In1 as a. Ht.-i, k r.i v New Jersey
M. BBUCE CARTENTEB, Mgr.
For Nebraska anil Houth Dakota
ms-m city irat'i Bk. Bidg omana
Northwestern Mutual Life
Insurance Company
OF MILWAUKEE
MANN & JUNOD
General A Rent
.-;8-.rll llrnndels IlnllOlne,
OMAHA
Notes from the Insurance Field
'ACTIVITIES OF FIRE BUGS
jNcw York'i Fire Commistioner
Makes Startling Eeport.
I EXCESS INSURANCE ONE CAUSE
Equitable Life Assurance Society t U. S
Assets over $500,000,000. Paid Policy holders over $815,000,000. j
H. D. NEELY & CO., Managers j
Criticism t Inenrance Kaperts
I'roiioarri nrmrdlra for Present
l.nxltr In Issuing: Fire
Policies.
came of sarin Is "not ascertained." mi
where fires art; suspicions In origin.
IS. Active co-operation amonit fire de
partment, police department, state bank
Ins department, and stnto Insurance de
I parttnent as to the granting of Insur-
aiice: the licensing of broker anil ad
justers, and In thn Investigation of char
acter of impeded persona applying for
fire Insurance.
ii. i). xi.ki.v
JOE KIiKI.V
Mei-ciuiM Nat'l Hank Hide.
E. H. 1'IOKARD
Obey That Impulse!
Not the nan who INTF.NDKD
hut the tnan Who INHt'ltED
eft provision for hU family
G. W. NOBLE.
Oaoaral Agent.
CHARI.ES L. H0F7BB,
Special Agent.
C. XJTCXKAX, special Agent.
omorii
eJS-043 Brands! Bldg.
Omaha.
THE
Union Central Life Ins, Co.
or
CINCINNATI, OHIO
HARRY O. STEEL
Oeneral Agent.
111-313 Himrt Bldg. Phone D 21(3
9"
WHEN HiriNO LIFE IN.srilANOE nonsuit one who know the life
insurance business, one who Is able to advise you the best form of policy
Thete are more than SO different kinds of policies issued. Jei the form
best suited to your condition In life Write or call.
Clarence N. Anderson,
D. 2266 Omaha, Nebraska
430 Bee Building:
i
"Slate Mutual Life"
OF WORCESTER, MASS.
V
m OF THE 0 LB EST 89 YEARS
and Beit Companies on
Earth.
W. H. INDOE
General Agent
66S neo Building, OMAHA
OBOAXX2BS 1018. j
The Mutual Benefit Life t
Insurance Company
of 9
XBWABK, XBW JBMBT I
GEO. T. BLANDF0RD,
Oeneral Agent. I
418-ie City Batlonal Bank Bldg. a
Omaha, Hebraska, j
The accumulated assets of the Hankers'
neservn Utit Company of Omaha approx
imate Hour Million of Dollar. Thoy urn
Invested in high class securities, which
last year yielded an income of 1166,310.40.
. This lncomo exceeded ti year's death
losaea by 130,710.40, which amount want
to;swell the eurplue fund. Other llen.-a of
V Income of the company exceeded One Mil
Hon Dollars for, the year. -
Prominent Omaha Insurance Men
II. INDOE. GENERAL AGENT OP STATE MUTUAL LIFE AS
SURANCE COMPANY OP -WORCESTER, MA88.
rm 1
The familiar faces
of Omaha's leading
insurance men will
be shown in the
above space from
time to time.
f WHEN A MAN LIVES CLEAR UP TO HIS INCOME '
tie owe. it to til. lamuy ana ma buaiueaa to nrovio. mt.minta
laauranro Itle unexpected la alwaya happening. See
ltfe
TOM KELLY
Miam.fr xrtxieirs ahbti
"THE
INSURANCE MAN"
Bonglaa Ml.
Klre insurance circles In New Turk are
considerably stirred over the lePort of
I Fire Commissioner Johnson to Mayor
' Oavnor. charging Insurance companies
jwlth gross laxity In Issuing fire policies
.without Investigation, thereby eneoilrag
,lng Incendiarism, which, he says, Is the
origin of a large proportion of fires In
i the metropolis
j The leport )ias to do with personal
(property chlefly-contents of stores,
shops and household goods-because ex-'
! cuss insurance Is most readily obtain
able In this line. To this fact the com
i inlssionrr traces the actlvles of the fire
(bugs. Out nf Ml fires In Manhattan.
1 The Uronx and ltlohniond. In 112, anr, were
In the Incendiary zone of Manhattan In
greater New Vork tho annual loss from
( Incendiarism U placed at W,0O0w 0r
110,909 a day.
nj snuw me ia.uy oi insurance com
panies In issuing policies on property
never examined, tho department chlif
1 withered together two clinlrs, one smn'll
gas heating sloe, three shade curtains
and a cuspidor, alt costlhg $3.41. These
(articles were Installed In different quar
I tors successively and 1 policies ob
, talned, totaling jm.r.OO.
I "H may be stated right here, says
, the commissioner, - that this Investiga
tion has disclosed not only a definite
connection between Incendiarism and the
method under which fire Insurance Is
Issued, but that the present methods of
Issuing Insurance are directly responsible
for the activities of the so-called 'fire
bug' and the loss of 14,000,000 worth of
property a year in this city."
Kxpert Contradiction.
Willis O. ltobb, manager of the New
York Klro Insurance exchange, denounces
the commissioner's report hs a collection
of half truths and challenges the accur
acy of his flrohiiR estimate. Mr. Ilobb
asserts that $1,000,000 would bo the maxi
mum annual fire loss traceable, to in
cendiarism In New l'ork. He says:
"Tho preposterous overlnsurancc repre
sented by the IIH.WO of polices you re
cently paid WOO or J300 of the city's
monoy for and then hung up as an ex
hibit would not hnve been worth $50 in
the hands of four actual policyholders
of criminal Instincts residing In the four
locations, where the several policies
cover. The fraud Involved In the mere
attempt to procure such an amount of
Insurance In such property vitiates a
Now Vork standard policy and no one
would dream of trying to collect a loss
under such circumstances."
W, T. Rmmet, state superintendent of
Insurance, does not agree with the fire
comndssloner that Inspection before in.
Bilranco Is the only proper remedy
against Incendlarists burning their prop
erty to collect excess Insurance. "The
average rate for policies covering house
hold goods." says Mr. Emmet, 'Is About
15 a thousand for' three yenrs. This is
not large. If the companies were obliged
to makq Inspections In over- case lratore
ii policy was Issued the ratos would In
crease to figures which might double
the present rntes or mor. This would be
Imposing a hardship and an unjust bur
den upon every property owner unrt
every householder In the state while still
falling to stop the 'firebug. The per
son who takes out a policy for tt.000 or
so on property worth $80 with the object
of burning up his place and collecting
the face of tho policy is so Infinitesimal
a'h atom In the great Insurance world
that to penalize all other Insurers for
tho puropse of getting lid of him Is a
remedy altogether too drastic to merit
st Hons consideration."
Proposed Reform.
Commissioner Johnson recommends
twelve changes In 'Ire Insurance methods
designed to end the evils comrlalned of,
as follows:
1. Amendment of present standard fire
Insurance policy, so as to conform, in
all respects, to the most stringent regu
lations of foreign policies.
J. Umltatlon of Insurance where appli
cants have had previous suspicious flret.
3. Cancellation of policies. In suspicious
cases, at Instanco of fire commissioner,
rowers given to lire commissioner to
veto licenses of dishonest brokers, agents
and adjusters.
4. Rigid Inventory of stock In all cases
and notice of substantial decrease served
on compsntfs by upplleant, tinder penalty
of policy becoming void. Prohibition of
reduction of stock below certain percent
age (say per cent) without notification
to companies.
6. Assured having more than three fires, j
after which Insurance has been collected, j
to be compoiieu 10 ouuun mu"w
character from fire marshal showing as
sured to be without suspicion.
C Rigid prior Inspection of all property
In accordance with foreign system of pro
IMsal forms.
7. All answers by assured on proposal
forms to become warantlee In policy;
any false or misleading statements there- j
upon to vitiate comroci.
. Insurance to be limited to actual
value.
. Central bureau of Information for use
of fire Insurance companies to be estab
lished at fire headquarters. In which will
bo kept on file, for Immediate reference
by companies, names of all partlea havtns
eusptclouu fires. This bureau to be used
by alt Insuituice companies before grant
ing policies.
10. Inspection of books of suspected
flruis and Individuals by fire department
to ascertain financial conditions of all
such suspected persons applying for fire
Insurance.
11. Publicity of all cases of ftree whero
PICTURE PRESENTS NEED
OF ACCIDENT INSURANCE
A forceful accident Insurance picture
was publshcd In Sunday's Hee by the
National Fidelity and Casualty companv
of Omaha In connection with a title pic
ture contest which this paper Is carrying
on. The Illustration was tnat ot a policy
holder bedridden, all bandaged and other
wise showing signs of disability, erldenllv
due to tome accident, and Indicating that
the man would probably be confned to
his bed for n, long time, immediately
next, to this scene was one showing the
same man outside of his cottage, evi
dently recovered from his Injuries, -e-celvlng
a check from a representative of
the accident company
Reader- of The Hee were asked to en
title this picture and offered a prize for
the one chosen "as tiest. Next Sunday the
satn picture will bo shown In The ilee
nml wilt bnur the winning title and tne
nsme'and addreu) of the author.
Thd Incident shown by the National
HldcUty and Casualty company Is by no
means an uncommon occurrence, in fact.
It happens almost every day and some
times many times n day. Dally, sliiie
accident companies have been doing busi
ness, have some piovldent head of
families received reimbursement from in
surance companies for accidental injuries
wliloll frequently disabled them for long
periods of time, nnd without which in
surance money many of the families (?
tile Injured Would have suffered from
want and penury.
Thn company says It Is such Illustrative
object lessons' as described above that arc
needed to awaken the Improvident to tho
need of adequate Insurance, and It will be
Interesting tn note the various answers
that contestants will submit an titles for
tho pictures shown by the National Fi
delity and Casualty company.
ASSETS ARE A GUARANTEE
W. 0. Preston Shows Necessity of
Care in Buying Bond.
1 v
MANY BONDS ARE ""REJECTED
-" jiusi Also He lard In the
Illalie st Life l,'ominnr Takes In
Wrltlnic Itr Insnrnncr
Policies.
(Voted Insuranof President.
Cyrus Kirk, president of the Equitable
Ufe Insurance company of Iowa, died at
Ms home In Dee Moines last week. Mr.
Kirk settled In Des Moines at the close
of the civil war In which ho served with
distinction. Ho first worked as a black
smith, later followed other occupations
until 18SJ, when he became identified with
tho insurance company above named.
Prom that day he began to be a factor
In the Iowa insurance world. His com
pany appreciated his services and pro
motion after promotion Xotlowed until he
vii elected president In January, 1907,
"He was not a man given to obstcntatlous
display," says the Des Molne Capital,
"but he had certain traits of character
which dominated his entire life and
crowned his efforts with success. These
traits were Inherent honesty, willingness
to work, a natural detestation of sham
and a deep sympathy with every worthy
cause."
IhsnrAnoe Notes'.
The Tennessee court of appeals has.
ruled that a person killed In one of the
night-riding raids In the recent tobacco
troubles cannot recover under his life In
surance policy becnuse of the clauso pro
viding that the beneficiary could not re
cover If the insured met his death while
engaged In an unlawful pursuit.
The Kentucky hoard of fire underwrit
ers has recommended to the local agents
of tho state that where sales of agencies
are contemplated the representative? of
companies In the agency be consulted as
to price, condition of bnlances and the de
rltablllty of the now purchaser In order
to avoid many complications now aris
mrf. The proposed reduction In brokerage
commissions on liability insurance iuni
nes In New York, which was to have
become effective on February I, was
has been deferred to March I. This ac
tion was taken becnuse It was found that
foveral of tho companies which are part
ies to the agreement had nlready Issued
their February renewals.
William T. Emmet. New oYrk superin
tendent of Insurance, has recommended
to the governor ecodlfcatlon In Its en
tirety of thn Insurance aw, which In
many Instances Is nmblsruous and obso
lete. It Is pointed nut that the present
Insurance laws orlglnitllv were enacted
to deal with fire Insurance oplv, and
since have been natcmhed up In an en
deavor to make them fit existing conditions.
Assets of an insurance company are In
we sense a guarantee fund something
like the reserve fund which a bank Is
required to keep Intact In order to safe
guard the Interests of depositors. In
surance company assets must be Invested
In a way to conserve the Interests of all
pulley holders. Discussing the subject
Walter O. Preston, treasurer of the
Rankers Reserve Ufe company said:
"We find It necessary to decline many
proffered Investments perhaps 80 per
cent. Brokers continually complain of
the exactions to which we adhere, In pur
chasing securities, yet the registered
bunds owned by this company are now
worth at least 20,oij0 In excess of par
Value, nnd one real estate mortgage?
average in amount only X per cent of
the actual value ot realty pledged to
secure the mortgage notes. We buy only
such securities as are npfliictuating. In
sofar as possible we confine our pur
chasen to government, state, county,
municipal and school district registered
hondr. and before purchasing any of these
we make a thorough examination of the
history of each bond issue. If we fnd
tha district Issuing bonds ever repudiated
a bond issue: or If It seems Inclined to
vote a bond Issue not strictly necessary
for the 'good of the community we
hesitate to'purchase the issue,
"If we find the political division Is In
clined to exceed the maximum ntatuory
limit of bond Issues; or that It Is Issuing
warrants In order to meet pressing debts
we hesitate to buy the profered bonds
We require that all bonds purchased by
us shall cover a debt which the entire
electorate Is pledged to redeem. We
nvold issues voted only by a small
division of the municipality.
"A life company must of necessity he
very discriminating for ,lts funds are
held In trust for the beneflclances of
policyholders their wives and children
and near kinsfolk whose Interests must
be sacredly guarded. This obligation
also calls for the finest discrimination In
accepting risks. An Insurance company
must be absolutely sure that an applicant
for Insurance Is mentally and physically
sound. We must throw out , all ap
plications that tend to Increase the com
pany's mortality rating unduly. Every
body Is familiar with the way in which
Insurance companies compute the average
number of deaths annually among a
thousand policyholders. Such computa
tion Is based upon the American experi
ence table which Is made up from the
death rate of the large life Insurance
companies cover1nT the last fifty years.
In this way Insurance men know just
how many deaths may be reasonably ex
pected. It Is a matter of great satis
faction to ihc company I represent to be
able to say that the actual mortality
has not In years exceeded GO per cent of
tho estimated mortality based upon
average.
Lifelong Bopdone
ney troubles la needless. Klectrlc Bitters
Is the guaranteed remedy Only 60c. For
sale by Deaton Drug Co. Advertisement.
HOME CASUALTY COMPANY
OF OMAHA ELECTS OFFICERS
The annual meeting of tho stockholders
of the Homo Casualty company. Omaha,
was held at the offlcts of the company,
800 Hrandels building last week. The fol
lowing board of directors was elected for
the ensuing year: Edward M, Martin,
attorney, Omaha: R. B. Payne, banker.
Nellgh: J. Folda, banker, Schuyler: Rmll
Folda, banker, Clarkson: J. J. Mellck,
banker, Omaha; and W, J. Keene, secrs
tary and manager. Omaha.
A meeting of the board of directors was
held on the same date at the same place
nt which the following officers were
elected for the ensuing year: Edward M.
Martin, president and counsel. Omaha:
R. S. Puyne, vice president, Nellgh; J.
Folda treasurer. Schuyler; and W. J.
Keane, secretary and manager, Omahn.
Insurance Personals.
S, J. Morton, formerly special agent of
the Franklin Fire Insurance company of
Phlladelhla for Iowa, Nebraska and South
Dakota, has been appointed special agent
for the Northern of London, with Iowa
and Nebraska as his territory. He suc
ceeds E. M. oodmanO, who was trans
ferred to Michigan.
W NATIONAJ.l'yJ
ViFiotLrrre fry
luuAtrrtvM
Silas R.
Barton,
Auditor.
E. Pierce,
Deputy.
STATE OF NEBRASKA
INSURANCE DEPARTMENT
AUDITOR'S OFFICE
Lincoln, Nebraska.
National fidelity & Casualty Co..
Omaha, Neb.
Gentlemen:
..JLH6 10 advise that 1 have Just
,m,,5,ted a"dl of the books of
J"r Company, and find that this
report of examination shows an In
f.T.?S f buBness for the flret six
months of 1913 over the correspond
ing period in tho previous year.
.,,? ar Pleased to know that all re
requirements under the law have been
"ImPle1 with, and we bespeak for
f" and aU othar Nebraska com
panies a successful future.
Very respectfully.
SILAS R, BAHTON.
Auditor.
J. H. Mithen Co.
INC.
921-4 OITY NAT'L .
BANK BLDG.
Surety Bonds
Employers Liability
Automobile Liability
'Burglary
Plato Glass
INSURANCE
gmmmmmam
I Jay D.
1
Foster
jmsmmm mi
Joseph
Foster-Barker Company
Successors to H. E. Palmer, Son & Co.
Fire,
Liability,
Automobile,
Burglary,
Tornado,
Accident,
Plate Glass,
Bonds, Etc.
Brandeis Bldg.
Phone Doug. 29
WAITER A. TOJTSOir
W. LEKOY WILCOS
B. L. BALDWIN & CO.
609-10 first ICsNonal
Established 1891.
aEZTE&AX. XN8UZIA1TOE
Telephone Dong. 371.
Wheeler & Welpton Co.
1SU Dodge Street.
XSXaXABXtX: ZITBURA2TCS
Or AX.I, XZSDS
rheno Donglas 186.
mm
MARTIN BftOS. & CO.
GENERAL INSURANCE
BARKER BLK. 1 TEL. DOUG. 735
Lit the Biyir Bewirr
us va Bxroxs aurora Axoms voxxor
XV AKT BBAKOE
GALLAGHER 8c NELSON
General Agent XUlaota Bursty Co.
483
Brandeis Bldg.
D. 3332
The
BOOST rOB OKAHA
Columbia Fire Underwriters
Or OSTAKA
Entire Third rioor Merchants national Bank Building.
cnone ifougiaa 491.
O. Tataage, Manater. K. H. Lease, Assistant Manager.
Home Offices
Protect You Time f
Your Earning Power
Mai. 1 ni 3 TT Ya-1- M . .
wiu rtutmouu cvuu jauuiMi jroucies uannot J3e Met in
Competition. See Them Before You Buy.
Lion Bonding & Surety Co.
W. O. W. Bide;. Phone Douglas 678, Accident Dept
OOOB OMVM9 rOB FBODUOBB8
Continental Casualty Company
I.rgeit Exclusive Keajth ul Accident Oompaajr In the United States,
oil faxtoa Blk. LEWIS V. CBUX, District Manager.
mm'
.
I . "v
I I UV 111 I
J1
LIFE INSURANCE AGENTS
You n..v be Interested to know that during the months qf October, Novem
ber and December, 113, (The Midwest Life wrote $600,000 of Insurance, a
larger amount than In any other three months of Its history. One agent,
and those working with him, placed 196,000 In December.
We want six or eight more high grade men. with or without previous ex
perience, a SplenJId territory In Nebraska still open. Our agents' contracts
are UberalMn both the Initial and renewal commissions. Call or write
THE MIDWEST LIFE
IT. S. MBBXiXa, rrealdeat. A Hebraska Company.
Xowe Offloeai Plrst national Bank Building. Idnooln.
A. A TAYX.OB and OBOBOB OBOOXEB,
Oeneral Agents, Boom 1313-1814 Otty Hatlonal Bask Builalnr. Omaha.
A. 3. LOVE, rrealdeat. rBAVX J. XAIXELL, Ceoretsry.
Love-Haskell Company
314-324 Omaha National Bank Bldg.
EVERY KNOWN KINO OF INSURANCE
PATRONIZE: HOME INBTITUTJONbI
The (State Insurance Company of Nebraska
Capital, saoo.ooo
A. 3. LOVE, rrealdeat. U X. AJTSCAKaOW, Secretary.
The German Eire Insurance Co. of Nebraska
A. 3. LQVB, Oeaafal Xsnagsr.
nor too small for my careful personal attention.
See Mo I adjust losses.
GENERAL INSURANCE
1313-14 OXTT XT ATIOJTAL BABX BU1XDZITO. t D. 1703,
2 DnlririiYQ-UaHHan Pn k
b uqium&u-mauuGis UUi
It Is KOVBT In your pocket to
place Insurance with the agency p
that looks after Too Interests &
when you meet with a loss. S ,
We do this and have for twep.
ty years. Our policies are best
let uj convince you. A telephone
call will bring a representative.
J. It Baldrlge
John W. Madden H
INSURANCE
FntK TORNADO
AUTOMOUILE
PLATE GLASS BOILER
BURGLARY HEALTH
ana ACCIDENT
ALFREDO. KENNEDY
200 First Nnt'l Bank Bldg.
Telcpliono Douglas 722.
Insurance, In All Its Branches
AT
Webster, Howard Co.
Theme, Douglas t70. .;. .;.
326 Bee Bldg. I
n
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