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?
