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About Omaha daily bee. (Omaha [Neb.]) 187?-1922 | View Entire Issue (April 14, 1913)
TTTH BKK: OMAHA, MONDAY, APRIL 14, 1913. ). ( y Before deciding on your Insur ance 'phono D. 127G. anil aVi about the new low cost, all guaranteed pol icies, all plans. Life. Limited Payments. En. dowments. Joint or Part- v- nersnip, jor- Slon Po"lelS.MOnlI,lsr Incon, or Pen iE?".1 - of America ?? ???0n, OABJ-rWTEB. Mgr. U9?aa oitlMa,n South Dakota, wo-aa City Hat'l Bk. Bldff Omaha Norlhwestern Mutual Life Insurance Company OF MILWAUKEE MANN & JUNOD General Agents 638-844 HrnndcU Building, OMAHA Notes from the Insurance Field Equitable Life Assurance Society U. S Assets over $500,000,000. Paid Policy holders over $815,000,000. tt. D. NEELY & 00., Managers H. D. NEELY jOE KLEIN Merchants Not'l Honk Tlldg. E. II. PIOKARD Obey That Impulse! Not tho man who 1NTISNDED but the man who INSUIIED left provision for his family. G. W. NOBLE, General Agsnt. CHAJttI.ES L. HOFF3BB, Special Agsnt. 3. O. HITCnMAN, Special Affent. ornozsi 638-643 Brandela Bldg. Omaha. THE Union Central Life Ins, Co. OF CINCINNATI, OHIO HARRY O. STEEL Oeneral Agent. 111-313 Bamge Bids'. Phone O 9163 WAITER A. YONBON W. LEBOTT WILCOX B. L. BALDWIN & CO. Established 1691. E09-10 rirst KK onal QE1TEEAI. INSURANCE Tolephono Bong. 071. Wheeler & Welpton Co. BELIADLE INSURANCE Or AZ.B KIND 1511 Dodge Street. n oBl" "0. "State Mutual Life" OF WORCESTER, MASS. ONE OF THE OLDEST 69 YEARS and Best Companies on Earth. W. H. INDOE General Agent 003 Beo Building, OMAHA Rooms Best Variety The Beo classified pages carry advertisements ot the beet rooms and apart ments for rent in tho city. Phono your ad to Tyler 1000 WHAT IS A DIVIDEND? The answer depends upon the sense In which tho word is used. It gen erally means a profit on an Investment and most often It is applied to, the profits received by stockholders of a corporation. In life insurance a divi dend Is not a profit arising from the premiums paid, but an overcharge in the premium Itself. In other words, the premium charged wan too much and the company refunds the excess. But why pay tho excess at all? iou do not need to If you buy from THE MIDWEST LIFE N..Z. SNEEE, President. A Nebraska Company Home Off loess Plrst National Bank Building, Lincoln. A. A. TAYLOR and OEOKOE CKOCKEB, Oeneral Agents. Booms 1313-1314 City National Bank Building, Omaha, Neb. Decemner ui, lull Kignty jtiunon assoi December 31, 1912. . .EIGHTY-SIX MILLIONS ASSETS TRAVELERS INSURANCE COMPANY. TOM KELLY "THE INSURANCE MAN" mm -Let the Buyer Beware SEB US BErOBE BUTXNO ANOTHER POLICY IN ANY BRANCH Or INSURANCE. GALLAGHER & NELSON ' oeneral Agent Illinois surety Co. INSURANCE BUSINESS BOOMS Easter Disasters Arouses Public to Need of Protection. MONEY NOW ST0P DELAYING Never In Hip History of Insurnnoe llunlnra Was There Such Snoh of the I'ulillo to Pro tect Themselves. l'robably not before In the last decado or two has the business of the Insurance companies of the United States taken on such activity as at tho present time. Business Is flourishing In all lines, and especially In tho field of tornado Insur ance. The storms of Omaha. Ueilln. Yutan and of towns In Missouri havo heralded the risks home owners Bre Ink ing all over the country, and tho reply Is tho greatest business ever done In tho history 0f the various tornado Insurance companies. Kvcn life Insurance has met with greater Importance to tho overy-clay man. and tho companies throughout the world have experienced a remarkable rush of business since Knstcr. when the tornadoes broke loose In this section and the rivers overflowed their banks In Ohio, killing and drowning so many po Pie. The warning has been sufficient and many "of those who have delayed taking out Insurance, either on their lives or on their property, seem not to be able to get to tho Insurance agents fast enough. And probably In no other city li the country has the rush been moro In evi dence than In Omaha, whero tho citizens have beon eye witnesses to the devasta tion and havo come to reallie more fully the hazards they are taking. The re&ult Is that In no similar period as during the few weeks since Easter have the Insur ance agents of Omaha been busier. After the first few days, when their time was almost entirely taken up with adjusting losses and signing drafts to victims of the storm, their attention was brought to the cries for tornado "nsur ance. One Insurance man estimates that 75 per cent of the homes and buildings In Omaha are now covered . by tornado Insurance, and ventures the opinion that before the month Is out this percentage will reach the 90 mark. As to tho losses Incurred b,y tho in surance companies, they havo practically all been adjusted and paid. There are tome Instances where homes were de stroyed by fire following the wreck by wind where tho companies feel that "lioy are not liable to pay. l'robably lorno of these will go to court, but the majority will be compromised. Insurance compa nies realize tho harm to themselves com ing through the advertising of law .-'ilts, and wherever possible they are fixing things up with their clients. In other cities the demand for tornado Insurance has Increased almost to us great an extent as In Omaha. Kastern companies, especially, are reaping a har vest through pointing to Omaha as an example. It has proved good advertls? lng for them and not a few have or dered books and photographs to send out to prospective customers as "cinches" to their arguments. MARTIN BROS. & CO. GENERAL INSURANCE BARKER BLK. TEL. DOUG. 735 W. O. W. BLD9, r boost roB OTarrXA. The Columbia Fire Underwriters Or QK2TTA Bom Offices Entire Third rioor Merchants National Bank Building. Phon Uonglas 451. 3. O. Talmsge, Manager. M. B. Least, Assistant Manager. Anti-Trust Law Puts Misouri in Black List It is any agent's guess as to what the proper rate for fire Insurance should be In Missouri. Tho repeal of the Oliver rating law and tho substitution of an anti-trust law, which makes consulting a rate sheet a penal offense, causes widespread confusion In Interested cir cles. During the last week two large companies retired from the field, so far or. new business Is concerned. Several others threaten to pull out. Meanwhile other companies aro taking In new busi ness, In some cases at slightly cut rates. The Missouri Actuarial bureau in at. Ixiuls has suspended operations. In a public statement on the situation. Charles O. Reveille, state superintendent of Insurance, asserts there Is no occaa slon for alarm among Insurance com panies. 'I know," he says, "That Insur ance companies are not dissatisfied now because of the repeal of the Oliver law, but on account of certain provisions In the new anti-trust law. No company which Is willing to conduct Its business on sound business principles and a com petitive basis will bo handicapped by ther provisions of the new law. "The only clause In the new law not contained In tho former anti-trust stat ute which governed Insurance com- Tornado Losses Were Speedily Paid After Big Storm Was Over losses by Insurance companies from the Haster tornado havo practically all been paid. Adjusters for many of tho companies were on tho scene tho fol lowing morning and a majority ot the drafts were written for tho losers and delivered within a day. Tho Dubuque Klro and Marina Insur ance company has paid nil but three losses out of flfty-ono tornado policies and thoso three are now being adjusted. The total loss of the company through tho tornado aggregated JM.OX), tho policies running from t&VI to JJ.OTt. Nat Melstcr, locul agent for tho com pany, wont over tho trull tho morning following tho destructive wind and with an adjuster secured all tho Information necessary from those Insured. He noti fied each one to report nt his office and within two days after the disaster all but a few of the flfty-ono clients had received their money. Out of tho number there wero two homes had been burned aftor the wind blew them down. Tho houses wero covered by flro Insurance, but not by tornado, nevertheless, drafts wero made out to' tho owners on a compromise basis which the clients fixed. Since the tor nado Melster says he has written nearly 11.000,000 In policies and tho demand con tinues at his office. Homo and building owners aro calling upon him at his office every day " and negotiating Insurance deals. They are asking for fire as well as tornado Insurance. Other Insurance agetitH are Just ns busy. Tho Koster-Boker company has written more than J4.000.000 In flro and tornado policies since the disaster, ac cording to Joseph Darker. The ad- AROUND INSURANCE FIELD Active Pursuit of the "Arson Trust" in Chicago. REPORT OF SPECIAL GRAND JURY Co ii f it. I ii ii In I'lrp limtiriinoe Circles In Missouri Turnnilo Louses In limn Dotnw of I'olloy AVrltrr.. The special grand Jury Investigating the arson trust In Chicago returned In dictments ngalust fifty Mx persons, prin cipals and accessories and beneficiaries of Incendiary fires, which cost fire In surance companies .T73,!M?. The Indict menti charge arson, burning to defraud and conspiracy to defraud. Klfty per cent of tho flros In Chicago aro pro nounced Incendiary. In their report the grand Jurors tie eluro that nrson ns a criminal busluers has been thoroughly established In Cook county, particularly In tho city of Chi cago. Although arson to defraud Insur ancn companies has been permitted for years, It has not developed Into an or ganized, systematic business until the last ten years. "Tho grand Jury further finds thnt this buslncsn of arson Is regularly called on by many of tho public adjusters who. after arranging fur making fires, also represent the assured In the settlement for adjustment of tho claims against tho lusuranco company," the report con tinues. "It Is tho practice among many of tho Insurance companies to accept what Is commonly known as "rotten risks' from Insurance brokors In order that tho com panies may get tho preferred business of such brokers. In other words, If a broker controls desirable buslnom, many of the lusuranco companies allow him to turn vt B NATIONAL 1 y) vgmDEtiiYS my In thoso risks, for fear that If this doubt Justments of losses by companlos through fnl business Is refused tho broker may this agency have been completed, ten adjusters having come to Omaha the day after the storm to assist tho local men. The total losses to tho companies will aggregate JOO,000. They are tho Home Insurance company of New York; the Continental, Springfield, Phoenix, Now Haven and the Liverpool and ixjn don and Olobe. The Individual losses ranged from J1U0 to $15,000, and averaged J1.500 each. Losses by Tornado Of the Iowa Mutual An Item In this column last week quoted the Chicago Record-Herald as authority for an esttmato of Uio losses of the Iowa Mutual Tornado Insurance as sociation, In a recent storm. J. B. Mer rlam, secretary of the association at Dis Moines, writes to Tho Beo making tho following corrections: "In your Issue of April 7, 1913, wo find this statement, 'tho Iowa Mutual Tor nado Insurance association of Dos Moines, which limits Its business to that tate and to windstorm Insurance, suffered a loss of. at least $150,000 In the recent storm,, which will necessitate heavy as sessment upon the member.' "Now I wish to make a coorrectlon to some extent. In tho first place our losses will not reach 1150,000, and not much of any over MOO.OOO. We hod cash on hand to meet the 'same, and If we had no money on hand at the time this loss oc curred, a 1-mlll assessment would have paid every dollars of the loss and 150,000 left; so when you say the losses bus tnlned will neccsltate a heavy assess ment, you are putting In tho hands of our opponents ammunition thoy are using against us. Our association has J175.000.000 risks In force In tho state of Iowa, and a 1-mlll assesmont will collect u $170,000." JOHNSTON NEW MANAGER OF THE GERMANIA LIFE Charles Hall Johnston has succeeded Clarence N. Anderson as manager for the Germanla I.lfo Insurnnco company In Nebraska and South Dakota, with an added territory of western Iowa. Mr. Anderson has been appointed gen eral agent for the New England Mutual In Iowa and will headquarter In Dej Moines. Mr. Johnston was formerly supervisor of agencies In the middle west, with headquarters In Chicago, for the Fidelity Mutual Life of Philadelphia. Ho come t Omaha backed by successful export ence In the Insuranco business and will unaouoteaiy make good In thin field, The change will permit him to enjoy more home life, his present position re quiring less traveling than the former. panles prior to the passage of the Oliver i Omaha for several years. Spend money to save money If you have anything to sell invest a small sum in Bee classified advertising.. The resulting sales and their profits will prove to you Money is saved by judicious spending law, has been- construed by the su preme court of this state to preclude the possibility of an Insurance company' or Its agents being convicted thereunder, unless, In point, of fact, tho state shows that It is In an unlawful combine with other companies." Attorney General Barker does not share the optimism of the Insurance commis sioner, respecting the law. repeating previous warnings ngalnst Joint rates. In surance company lawyers, at a meeting In Philadelphia, last week, advised their clients against taking further business In Missouri, The situation Is alarming, business men whose property Is Imperilled and steps are being taken to secure means of re lief. Governor Major sends word to the agitated . companies that It they go out of tho state they can't' come back dur ing his term of office. Preston Tours the West. W. G. Preston, treasurer of the Bank ers Reserve 1,1 fe company, left yesterday for a tour of the western states, Includ ing Montana, Idaho, Oregon and Wash ington, during which he wll visit all the general agents of his comply, whose busi ness Is growing rapidly In that region. Mr, Preston wll be absent from his death for perhaps a month. Mr. Morton of the Mutual Benefit I.Ifu Insurance company has succeeded C. N Anderson as secretary of the IJfe Under writers Association of Nebraska. Company . Makes Loan. Tho New York IJfe Insurance company Is doing Its share for the relief of the tor nado victims. It has arranged to extend the time of payment of premiums due and Is also making cash loans on demand at the Omaha office in all coses where proper requirements can be met. In nil cases where policy holders are totally disabled on policies taken out since Jan uary 1, 1912. future premiums are being waived. Most Prompt and Effectual Care for Bad Colds. When you have a bad cold you want .a remedy that will not only give relief, but effect a prompt and permanent cure, a remedy that Is pleasant to take, a remedy that contains nothing Injurious. Chamberlain's Cough Remedy meets all these requirements. It acts on nature' plan, relieves the lungs, aids expectora tion, opens the secretions and restores the system to a healthy condition. This remedy has a world-wlld sale and use. and can always be depended upon. Cor Mile by all druggists. Advertisement. take his preferred business to another company. "The grand Jury further finds that In surance companies do not resist vigor ously the claims for Insurance arising out of crooked fires; and that many of tho companies have pursued a weak policy of compromise engendered by an un necessary fear of lawsuits, and an over anxiety to establish a roputatlon for prompt payment of losses." To lessen and minimise the business of ovorlnsurnnoo, tho grand Jury recom mends that "a central bureau, somewhat In the nature of a clearing house, bi malntnlned by voluntary co-operation of tho Insurance companies. To this bureau all of tho policies written by tho compa nies would bo Immediately reported. In this way a company could obtain accti -rate Information as to the amount of Insurnnco an applicant might havo al ready taken out and thus be In a posi tion to decide Intelligently whether It would bo ndvlsahlo to Issue further In surance to tho applicant. "It Is further rocommonded by the grand Jury that the Insurance companies adopt a strong, vigorous iollcy of boldly fighting every loss thnt they aro con vinced 1b croqked. The present wenk practlco of compromising such losses should be Immediately abandoned. This policy should bo firmly and persistently1 liurnueu, even wiuwKn u may involve uii expense of many lawsuits," Chicago fire Insurance mcn.siiyf tle bureau would be both costly and Inef fective, nnd that the remedy for Incen diarism lies In vigorous enforcement 't present laws. It Is. pointed out tho nj cent prosecutions and present Indictments have stopped arson In Chlt'ago quite ni much as any other crlmo H stopped by vigorous action. This condition can bu maintained If the Insurance cnmpanl?s can be backed up by public opinion, tint courts and the authorities, I Insnrnncc Notes. Tho loss ratio In Colorado last year was .13.01 per cent on $3,183,2S6 of pre miums, with an average rate of $1.33. Perry A. Uallard, Insurance commis sioner of Oklahoma, Impeachment pro ceedings against whom were pending In tho hcnato of that state and were to haVn been called for hearing, tendered his resignation to Governor Cruco und It was accepted. Klghtecn states were represented at tho meeting oi state insurance commission ers held In Chicago last week. J. A. O, Prcus of Minnesota was elected a mem. bnr of the executive committee In placo oi o. ii. Marion or iNcoraaau, retired from OII1CO. Two bills recommended by the New York Insurance department have bnn signed by Governor Hulxer. One provides mat a person wno is winruiiy respons' blo for a fire shall bo iculltv of arson In the second degree Instead of In the third degree. Tho other provides stand ard provisions for accident and health policies and prohibits discriminations. Tho revision of the standard flro In Hurance policy form, prepured by a com mlttee of Insurance commissioners, has aimed at simplicity, conciseness and con venlent arrangement It contains about 2,000 words, as compared with 2,00 In the present form. The various clauses or Indexed bv headings and are arranged so thnt those relating to conditions be fore a loss are grouped together, and aro followed by those dealing with conditions after a loss. The appraisal clause con tains a provision for the appointment of an umpire by tho Insuranco department on application of either the appraiser 'or the company or tor me assurcu. Kred W. Itz. former associate mana ger of tho western department of ho Westchester, who was Instantly killed Sunday In Chicago by being struck bv a street car. had retired from his pos. tlon with the Westchester on March 31, the company recognizing his nearly forty PREMIUMS. December 31, 1912 $184,000.00 Dccombor 31, 1911 $159,973.43 December 31, 1910 5122,518.54 Docombor 31, 1909 $103,430.44 Dccombor 31, 1908 $30,793.03 Dccomber 31, 1907 $1,776.00 Accident, Fidelity, Surety Bonds, Plato Glass, Burglary. J. H. Mithen Go. INC. 031-1 CITY NATIONAL IIANK DLDG. Buretjr Bonds, Employers' Lie Wllty, Automobile- Inability, Ilurglnry. Pinto Glass. INSURANCE & I Telephone Your Want -Ad Tyler 1000 I I Jay D. Foster Joseph Barker Foster-Barker Company Successors to H. E. Palmer Son & Co. Accident ?nd Health Insurance LIBERAL CONTRACTS Losses adjusted by us right hero in Omaha. Brandeis Bldg. Phmne Derng. 29 ASSETS, NEARLY $4,000,000.00. Interest incomo than total death greater claims. Low Mortality. Low Cost of Management. THESE THINQB COMMAND THE BANKERS RESERVE LIFE COMPANY OF OMAHA. BABCOM n. nOBISON, Pres. RAY O. WAGNER, Sec'y. R, J,. ROniBON. Vice Pro. WALTER Q. PRESTON, Trcns. A.. ru ,.f urvlpn liv irrnnffnir him 11 retlr. ng allowance, lie was returning from the rtunuay scnnoi oi v. m ini iiciuuncu ye In Hi church, of which he had long been an officer, with a friend, who intended to take a Cottage Grove itvenue street ear. Tho friend signalled the car, and, as suming that It was stoptrfng. Mr. Iits shook hands with him and started across the tracks. Tho car had not slackened speed, however, and struck and crushed him, killing him Instantly. A Ilrrnk for Liberty from stomach, liver and kidney trouble is made when a 2T.c box of Dr. King's New Llfo Pills Is bought. Why suffer? For sale by Ueaton Drug Co. Advertisement The Persistent and Judicious Use of Newspaper Advertising Is the Iload to Business Success. The Only Safe Place, For Your Valuable Papers, Jewelry, etc., Is In a Private Safe in Our TORNADO, FIRE and BURGLAR PROOF VAULT. $3 Pays the Rent for One Year. Be Wise and Rent One Today. Omaha Safe Deposit Co. Street Level Entrance, 1614 Farnam. Omaha National Bank. If burglars enter your Home tonight? Have you a "LION" Policy? Let the "Lion" carry your risk and don't worry. Phone Douglas 678. $1,000 of protection costs you only $12.50 per year. Lion Bonding & Surety Co. 9th Floor W. 0. W. Bldg. Phone Douglas 678. B A L D R I G E-MADDEN CO. GENERAL INSURANCE: Fhons Soar. 800. -"dln. INSURANCE FIRE TORNADO AUTOMOMLE PLATE GLASS DOILER UURGLARY HEALTH and ACCIDENT ALFRED C 200 First Nnt'l Rank Hldff. KENNEDY Phono Douglas 722. IiJ2 GERMANIA LIFE SSmpany OF NEW YORK. Baa soms unusual openings for man of good standing to aot u agsnU In HEEBAS1CA, IOWA and SOUTH DAKOTA. Address OHAB. HALT. JOHKBTOIT, Manager, -130 Be Bldg-. Omaha. THE TEST Uow wera your ,)rna'10 losses settled promptly and fairly? That Is exactly what our patrons are pleased about promptness and fairness. INTat IVIeisster GENERAL INSURANCE 1313-14 OTTT NATIONAL BANK BUXX4QrQ. Phons Doug. 1703. You will find most interesting reading on the want ad pages. Have you read the want ads yet today?