TIIE BEE: OMAHA, MONDAY, MAY 12, 1913.
I national! y)
VflFIDEUTYe kry
The Omaha Cycloho, the Dayton
Flood, also tho many other catas
trophes which have recently occurred
throughout tho nation has Impressed
every man with tho Importance of
Accident Insurance, for It Is tho
height of folly for any man not to
protect his most valuable asset, "the
money value of his time."
National Fidelity & Casualty. Co.
policies are the most liberal.
Patronize n Homo Company. "
National Fidelty &
F Casualty Company
national ridsllty & Casualty Building'.
An excellent opportunity for live agent!.
J. H. Mitlien Co.
INC.
021.4 CITY NATIONAL
DANK ntiDG.
Surety Bonds, Employers' Lia
bility, Atitoroobllo Liability,
nurylnry, riate Glass.
USANCE
News From the Insurance Field
FIGHTING SHY OF BONDS
Companies Slower to Write Guar
antees for Contractors.
TOO MANY INCOMPETENTS
s
"Slate Mutual Lite"
OF WORCESTER, MASS,
OKE OF TIIE OLDEST-69 YEARS
and Best Companies on
Earth.
W. H. INDOE
General Agent
052 Bco Untitling, OMAIIA
Fnllnrr Anions Itutlclers AnnrrRiilr
Too Many Iiossrs to I,rir Any
Profit for Those Anintnc
Responsibility.
BALDRIGE-MADDEN CO.
GENERAL INSURANCE
Phone Sons'. 300.
He B-'Mln-
f : V
THE TEST How were your tornado losses settled promptly and fairly?
That Is exactly what our patrons are pleased about
promptness and fairness.
ISJat IVEeister
GENERAL INSURANCE
1313-14 CITY NATIONAL DANK BUHDINC.
Phone Song. 1703.
Talk With GRUND About Life Insurance
NATIONAL LIFE INSURANCE COMPANY, U. S. A.
Chicago' Oldest and Strongest Company
A. R. GRUND, State Manager.
1215 City Nnt'l Rank Rldg. Omaha. Douglas 3080.
W. A. TONSON
13.
w. ii. wrLCos:
BALDWIN & CO.
610 Firit National Bank Blflg.
MONEY TO LOAN ON OMAHA REAL ESTATE
Financial Correspondents. Phone Douglas 371,
Equitable Mortgage & Trust Company of Baltimore, Md.
Wheeler & Welpton Co.
KEI.IABX.E INEURANCH
OP AXiXi KINDS
1611 Bodff Street.
Phone Douglas 183.
N
"IP YOU SAD ONiiY TWO WEEKS TO IiIVE." This was the title
of a feature story In a local newspaper on Caster fiundny morning, March
23. That evening the tornado snuffed out over 150 lives.
THE MORAL IS PLAIN.
TOM S. KELLY
TRAVELERS INSURANCE COMPANY
"THE
INSURANCE MAN"
Eighty Million Assets.
Let the Buyer Beware
BEE US BEFORE BUYING ANOTHER FOLIC? IN ANT BRANCH
OF INSURANCE.
GALLAGHER & NELSON'
General Afent Illinois Surety Co.
nan
MARTIN BROS. & CO.
Workmen's Compensation Insurance
BARKER BLK. TEL. DOUG. 735
Bonding companies aro becoming
alarmed at the losses through contractors'
bonds and many of them are fighting shy
of them altogether when they find It
possible. They are becoming moro arrt
more strict with their agents In the mat
ter of writing contractors' bonds and
some have Issued statements to these
agents calling their attention to the num.
ber of losses brought on the companies
by Incompetent contractors.
E. II. Lulkart of the Lion Bonding com.
pany says he does not know of a caso
In the last five years where a bonding
company has made nnythtng on con.
tractors' bonds. He lays much of t'la
blame to architects, who, he says, ve
too Indefinite with their plans, especially
In specifying the exact sum required for
certain contract work. Bonding con
tractors has become a precarious buiU
ness and one that usually Is not nowa
days aggressively solicited,
Tiie following statement was recently
sent out to Its agents by an Omahn bond
ing company, explaining some of the
causes of loss:
"For the Information of our ngenM we
desire to point out a few of the things
that make a , contract bond haxardoui
from the company's standpoint. Losses
under contract bonds have grown alarm
Ingly during the last few years, and we
therefore deem It proper to give you th
main reasons why we urge you to jj
cautious before signing, a bond of this
nature.
"The applications submitted to this ot
flee must be filled out In each and 'Very
detail, livery question Is essential, and
before passing on any risk the company
must have all possible Information.
"Tho assfts given In the application of
the contractor must bo verified. Do not
mako up financial statement on hearsay.
"We must know that tho contractor is
competent to perform the contract that
he has undertaken. This company will
no more sign bonds for Inexperienced con
tractors.
"We must know that the contractor has
the necessary capita.! to handle the worV,
or that he can make positive arrange
ments with some financial Institution to
udvance him monsy to do so, without
making assignment of the payments due
under tho contract or having to deposit
collateral security for the same. Bo
sponsible contractors consider It abso
lutoly necessary to provide for cash worlt
Ing capital of at least 10 per cent of thr,
contract price for each contract.
"We must know that the contractor has
sufficient equipment to carry on the con
tract and that such equipment Is not en
cumbered by chattel mortgage or sub
jeet to Installment payments.
"We must be assured that the cot
tractor will give' his personal attentloi
to the contract, or In the event of his
absence, he must have a competent su
perintendent to take charge of the work
"We must know as to whether the con
tractor Is Indebted to any material firm
for material furnished on previous con
tracts; if so, the exact amount must be
stated and the date given on which tho
material was purchased.
"We must know If the contractor's ap
plication has been declined by another
company. If such be the case the con
tractor must furnish us with the name of
company.
"Often the true financial condition of
the contractor Is concealed from the com
pany In order to enable him to secure a
bond. Frequently he has several con
tracts under way and uses the estimate
from one contract to carry nmother or.t
This Is a very dangerous practice ana
usually results In a loss to the surety
It la therefore necessary to state full-,
what other work the contractor Is carry.
Ing on, as one of the mot frequent
causes for loss lies In, the fact that the
contractor attempts to do more work
than he can properly handle with his cap.
Ital and organisation. (He bits off more
than he can chew.)
"This company will sign no more con
tract bonds unless the competitive bids
of all the contractors are given In the ap
plication, and a letter accompanying such
application should state If any deductions
or additions have been made to or from
lite original sped 'cations. In their seat
for securing the contract, some con
tractors make unwarranted deductions
form their original bid.
"We have had experience with some
contractors who ut in their statement
assets that belonged to other parties,
sometimes tho wife or some other rela
tive of the contractor. For this reason,
every contract application should be
sworn to by the applicant before a notary
public; then, .n the event that a false
statement Is made, the applicant Is sub
ject to the- laws of the various states
governing an offense of this kind. Wher
ever possible the applicant himself should
bo requested to fill out tho application."
WILL MISSOUSI SHOW 'EM?
Withdrawal of Fire Companies Irri
tates State Offioials.
FEW COMPANIES STAY INSIDE
More for Co-nperntlvr Companies
to Handle ihe Itnulnrx, nnit
Stnte inmniirr Talked
Abttnt,
Bofore deciding
on your insur
ance 'phono D.
1275, and as'rf
about the new
low cost, all
guaranteed pol
icies, all plans.
Life, Limited
Payments, Kn
d o w in e n t s.
Joint or Part
nershln. Cor
poration and Monthly Incon.n or Pen
sion Policies.
The Prudential Ins. Co. of Amarloa
Inc. as a Stock Co., by New Jersey
M. BRUCE CARPENTER, Mgr.
For Nebraska and South Dakota.
119-33 City Nafl nk. DldgM Omaha
Northwestern Mutual Life
Insurance Company
OF MILWAUKEE
MANN 8c JUNOD
General Agents
B.18-544 llrnndcl Building.
OMAIIA
HARRY BYRNE TAKES ON
NEW ENGLISH COMPANY
BOOST rOS OJtCKIA
The Columbia Fire Underwriters
OF 02C&2IA
Rome Offices Entire Third Floor Merchants National Bank Building,
Phone Douglas 4S1.
9. O. Talmage, Manager.
The ale agency of the Law Union and
Rock Fire Insurance company, one of the
largest, strongest and best known English
companies, has recently been transferred
from the McCague Investment company
to Harry S. Byrne, City National bank
building.
Insurance Note.
The fire loss In the United Rtntes In
proportion to the number of Inhabitants,
Is nearly ten times as great nn It Is In
countries like France and Austria.
The Bankers' Accident Insurance
Company of Dcs Moines, tho oldest reg
ular accident company In that state, has
absorbed the American Health and Acci
dent Association of Des Moines.
Social Insurance, Including workmen's
condensation, mother's nenslnns. nld-nr
and disability pensions, etc.. will be con
sidered at a national conference to be
held In Chicago June 6 and 7. under the
auspices of the American Association for
Labor legislation.
J. Burr Taylor, formerly special agent
ror tne jsortn ltiver nre insurance com
pany, Is now connected with the Colum
bia Fire Underwriters, In charge of local
business. Taylor Is an Omaha bov and
for a long time was In the offices of
tne 11. is. I'aimer sons agency,
The recent session of the Michigan
legislature enactea tnirty-two insurance
laws and amendments, of which six n re
plied to life Insurance, ten to fire Insur
ance, four to the fire marshal's deDart-
ment and eight to workmen's compesa-
tion, casualty ana general tuDjeou.
The Kentucky state Insurance board
has promulgated new Insurance rates on
farm property, maxing a material in
crease on the scale ordered; last Decem
ber, as a result of which a number of
the companies either stoppod writing or
greatly restricted their writings. A num
ber of charges are provided for In the
ntcrest of the prevention, which will
tend to 'make the final rates nearer the
original figure.
As more fire Insurance companies are
licensed In New oYfk than In any 'other
one state, Its annual report contains the
most comprehensive figures, it shows
that at tho close, of 1?15 the 234 fire,
ftre-marlne and marine Insurance com
panies doing business In New York were
possessed of S679,669,84 jf admitted
assets, not Including assets held abroad
nor the premium notes of mutual com
panles, an Increase of $51,517,062 as com
pared with the financial returns of tlu
companies for 1911. The liabilities other
than capital were 3G3.019,144, an Increasi
of i26.634.46S over those of the preceding
year. The total Income was $3Sl,724,68i
and disbursements JM4,258,738, In crenm
as compared with 1911 of 127,177,920 an
Income and 123,944.413 In disbursements.
Tho premiums written Increased 326,600,
000. The losses paid show an Increase
over the previous year .of about 17,000,-000.
The rush for tornado Insurance In
Omaha a few weeks ago was paralleled
In fire Insurance In Missouri cities the
last few days of April. A total of IK!
fire companies decided to milt Issuing
policies after midnight, April 30, as a
protest against the new anti-trust rating
law, consequently . the agencies were
swamped with new business and re
newals, many of them resorting to tha
legislative trick of turning back the hands
of the clock to dispose of tho business
offered before the stroke of 13. Twenty
five nonresident companies and nine
Missouri mutuals Is all that Is left to
handle the fire Insurance business of the
state, which aggregates JIO.OOO.OOO per
annum In premiums.
State officials threaten various retalia
tory measures against the retiring com
panies, and have enjoined them from
cancelling policies In force, which tho
companies did not Intend to do, having
accepted all business offered up to mid
night, April 30. The state supreme court
has also been petitioned to penalize tho
companies for combining to retire from
business In the stato. It Is contended by
the state that Individual companies havu
tho right to quit business at will, but
an agreement among a number of com
panies to act constitutes a violation of
the laws of Missouri and Is punlshablo
by fine. Tho court has deferred decision
on the point raised.
State Attornoy General Barker rays:
"Notwithstanding the assuranco this de
partment gave tho Insurance companies
they safely could transact business under
tho present law, they met at Pittsburgh
and by an agreement, whloh wo think Is
In violation of tho anti-trust laws of this
state, decided to suspend business In Mis
souri and to quit writing policies and to
withdraw from tho state on April 30. The
law about which they complained Is not
effective until June 12, and the fact that
they agreed to lcavo on April 30 shows
that they were acting In a retaliatory and
revengeful spirit,"
State officials ate encouraging the for
mation of co-operative companies, and
are also talking state flro Insurance. In
surance Superintendent ltcdlo says he
believes tho state will go Into tho In
auranco business when tha leglslnturn
convenes two years hence. He Is backed
by the governor In his statement, and
Governor Mnjorl Is expected to outline a
system of stato Insurance in hla next
messago to the legislature.
Tho Kansas City Star, commenting on
the situation, says: "Co-operative Injur-
ance has been successful. Lumber coin
panics InHUie each other. So do flour mills
and other Industries. Thoro is no rrtmon
why co-operative insurance companies
should not be established in Missouri
There Is no reason why tho stato Hr.jIC
should not undertake tho business of In
surance. Governments are doing (his In
several countries abroad.
"People have been hearing about atato
rlghta for a hundred years. It Is time
It heard about state privileges. Tho
public has been feeling more and nore
that the business of flro Insurance In
this country has been badly conducted.
Tho pcoplo are In a temper to try to ion
duct It themselves.
"Governor Major will find tho people
with him In his refusal to bow down to
the Insurance companies."
Obey That Impulse!
Not the man who INTENDED
but tho man who INSUHED
left provision for his family.
G. W. NOBLE.
Oeneral Agent.
CHAIU.ES X.. HOFFSB,
Bpselal Agent.
J. C. HXTOUUAN, Spselal Agent.
omozii
030-043 Brandels Blrtg.
Omaha.
THE
Union Central Life Ins, Go.
or
CINCINNATI, OHIO
HARRY O. STEEL
Osneral Areni.
111-313 Xamge Bldg. rhona 9 ai3
GERMANIA LIFE JI&mpany
Hns nn unusually good opening tor a tnnn of character nnd ability In
ench of tho following cities In Nobraakn: Kearney, Hustings, Mlndon,
nnd Contral City. Address,
CI1AH. HAMi .JOHNSTON, Mgr., or GEO. SUTHERLAND,
l!t( IUhi Hhlg., Onialin, Nob. DUt, Mgr., Grand Island, Nob.
Equitable Life Assurance Society t0fe U. S
Assets over $500,000,000. Paid Policy holders over $815,000,000.
H. D. NEELY & 00., Managers
II. D. NKKIjY JOE KLEIN
220 Omahn Natlonnl llnnk llldg.
E. H. riOKARD
A FACT AND A QUESTION.
The Tact. No ono can take a trip nut In tho stato without being Impress
ed with the magnltudn of thr prospective wheat and alfalfa crops. These con
ditions should Instill Into overy Nobrnskan renewed loyalty to his state,.
The Question. WIipii tl'Cko crops are converted Into money, can any loyal
Nebraakan glvo a real Bound nnd sensible reason for using any part of It with
which to buy life liisurancn in noino company located In New York, lioston,
or Homo other eastern city"
Only one answer ran be returned, and that la NO. Keep tho money at
homo and buy your Ut Insurance In
THE MIDWEST LIFE
N. Z. BNEI.Ii, President. A Nebraska Company Home Of f loss t Tlrst National
Bank Bulldlnir, Lincoln. A. A. TAYLOR and OBOBQE CROCKER, Oeneral
Affeuts, Booms 1313-1314 City National Bank Building-, Omaha, Nebraska.
Persistent Advertising ts the Road to
Newspaper Advertlslnc U ths Road to
Big Return.
IS. E. Ziease, Assistant Manager.
Seek no Further
LION HEALTH and ACCIDENT policies cannot be ex
celled. Its UNLIMITED policies can be issued in any
amount desired by the Business and Professional man.
Smaller policies are issued-in all classes. There are none
better ask the man who has one.
Lion Bonding & Surety Co.
9th Floor W. O. W. Bldg. Phone Douglas 678.
IT IS A DEEP, DARK MYSTERY
J. Dad Weaver Thinks .it May Be a
Wonderful Voice.
QUS ItENZE IS STRANGELY MUM
MnnnRrr of Ak-Snr-Den Grand
Opern Htara Hints nt Great Sur
prise and Leads Klnic'e Coun
sellor Into Confusion.
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
1
Mystery, mystery, deep, dark mystery.
Ko thick the plot tho readers cape over
each line. Qua Renze, Impassioned man
ager of Ak-Sar-Ben's troup qt Errand
opera stars, hints at the greatest mys
tery that ever swept the musical world
off Its feet. He says the mystery Is so
deep he doesn't understand it himself.
J, Dad Weaver, chief counsellor to tho
king, says he thinks Gus Is lying, but
Renze tears his hair, as all grand opera
managers oucht to. and swears by sev
eral sods he's really got a uig sensation.
"But what Is it?" Impatiently pleads
J. Dad.
"Ss-ss-sh, it's a secret." Gus whispers
In reply.
"I think it pertains to the discovery
of a wonderful voice," said Weaver con
fidontlally. "You know Gus has been
working on the high salaried singers
Henry W. Dunn, Charlie Gardner ami
Joe Latsch and In addition to training
them he has been searching over all
Douglas county for .new material.
"Ho has tried out hundreds of aspiring
singers and many have been put on the
payroll. I think he's found a phenom.
Of course It may be some more of bis
black magic, but the mystery will, I do
believe, simmer down to a voice tho
most wonderful voice of the age. And.
say, that would be some stunt to work
off on the confiding public, wouldn't It?
A singer with a voice that would stir
tho heart to triple beating and fill tho
soul with tears a thing not to be con
sidered lightly, hellevo me, Xantlppe.
"Clus has rqlx'ed an awful muss at tho
Pen. You know the big show starts June
2. That will be editors' nlsht. Ous Is
trotting ready. He has yanked a thou
sand canvasses, more or less. Into the
workshop and Is having them painted,
We are all busy arranging for that open
ing night Monday night the board of
governors will meet at the Omaha club
and dlsauss problems. Sunday afternoon
the high salaried singers will rehearse
Some time next week the chorus the
real actors will hold a rehearsal, It
will he on some night hat will not con
flict with our stars. You see theie stari
are a finicky bunch and have to uphold
the reputation of grand opera,
Memrshlp Is booming. We havs
mere members than we had this time
I last year. Ths new button la partly re
sponsible. It's a little hum-dlngcr and
attracts attention wherever It Is seen.
A man scs that button and the first
thing he knows he's up here at Samson's
office forking over ten plunks for mem
bership. It's great to be busy, ain't it?
We sure are thriving."
Former Presidents
of Commercial Club
to Be at Banquet
All living former presidents of the
Commercial club will sit at the speakers'
table the night General Frederick A.
Smith Is given a farewell banquet by
the club, the evening of May 15. Two
days following the banquet will be the
twentieth anniverslary of the club and
thus the- banquet to General Pmlth will
bo partly a celebration of that event.
But four former presidents of the club
have died and only one Is not now living
In Omaha. ISuclId Martin Is now In Los
Angles. An invitation has been sent to
htm and friends are .urging him to come
to Omaha for the occasion. The follow
ing former presidents of the club will
sit at the speakers' table:
C. F. Weller, 1835-1896; J, H. Dumont
1S97; J. K. Baum. 1833 C. 8. Hayward,
1S99; C. H. Pickens, 1901; A. U. Smith.
1903; It. S. Wilcox, 1904; W. S. Wright.
1806; F. W. Judson. 1906; C. M. Wllhelm.
1907; W. L. Yetter, 1908; David Cole, 1S11;
George K. Haverstlck, 1912, and present
president, George H. .Kelly,
W. J, Bryan a Member
of Commercial Club
Secretary Bryan has just been made
an honorary member of tho Omaha Com
mercial club. He was elected by the
executive committee at the meeting fol
lowing his visit here March 22. The fol
lowing communication accepting the
honor was received by the club from
Mr, Bryan's secretary:
"Mr. Bryan directs me to acknowledge
the receipt of your courteous communica-
j tlon of April 9, Informing him that he
r txa uimuiiiiuuoijr cicticu lu Ituiiurur
membership In the Commercial club and
enclosing a membership card, Please ac
cept his thanks for your kindness and
be sure to know that when In Omaha
he will be more then pleased to avail
himself of the privllges which your action
permits. Very truly yours, ,
"BEN Q. DA VI 8, Secretary."
Students Having
Interesting Time
With the Campaign
Glen Paxton. after running a hot race
for the position of business manager on
tho High School Register, has announced
his Intention of withdrawing In favor of
his friend Arno Truelson, hfs nearest
competitor. Although It seems bad to
withdraw after once entering It la cer
tainly unselfish to sacrifice personal In
terests for those of a friend.
An Interesting phase has developed In
this year's campaign for the various staff
positions. The tags and literature of
Omaha High school candidates for next
year's Register staff aro furnishing much
amusement to the school, bath for the
originality of the designs and because of
the platforms for which they stand. Since
each candidate issues about 2,000 tags,
the tag collectors who make a point
of wearing as many as possible, look like
a walking Joseph's coat. These strings of
"vote for me" tags are carried around
fastened to notebooks or to coat lapels
Perhaps one of the most Interesting of
these tags Is a card with thu candidate's
picture on It His cards are being care
fully saved by tho girls for places in
their personal diaries. As for originality
In designs, It Is hard to choose between
blotters, pencils and bookmarks.
In the race for assistant editor, two
girls are leading by a large margin. Not
to be daunted by difficulties, the frlendi
of these two girls have had enormous
posters printed and placed In the promi
nent places of the long halls, Memories
of last year's campaign for city commis
sioners are recalled by a candidate's
literature on which he states his plat
form as "on the square," This and "An
Impartial Register" are the favorite
j slogans.
: In past years the campaign has been
j more a factional strugglo of the fratr
' against the nonfrat members for the
control of the Register staff. But this
year, since ten of the fourteen candidates
I are frat, members or pledged to become
members, the campaign Is more a stiuggle
I letwten the fraternities for the control of
the Register than a struggle of the
tthool against the fraternities.
The campaign ends next Wednesday
Muy 21. when the successful candidates
will be announced.
Liberal Business Methods Low Cost of Manage
mentPolicy Contracts that Appeal to
Hard-Headed Business Mon.
These aro soino of tho secrets of success of
THE BANKERS RESERVE LIFE COMPANY
OP OMAHA.
HABCOM II. nOIUSON, Pres. U. J). ItOniBON. Vice Ire.
RAY O. WAGNKIt, Sec'y. WALTER G. lKE8TON, Trca.
-liNSURANCE-
FHtK.-TOUNA!0 AUTOMOMLE PLATE GLASrl IIOlLEFt
IIL'IIQLAHY HEALTH and ACCIDENT
ALFRED C. KENNEDY
200 Flint Nnt'l Hank Ultljr. Phono Douglas 722.
Jay D. Foster
Joseph Barker
Foster-Barker Company
Successors to
S. . Palmer Son & Co.
Accident Health Insurance
LIBERAL CONTRACTS
Losses adjusted by us right here
in Omaha.
Brandeis Bldg.
Phmne Dug. 29
The Glad Hand
Is seen when liver Inaction and bowal
stoppage flies before Dr. King's New
Life Pills, the easy .regulators. Sc. For
sale by Beaton Drug Co. Advertisement.
Can't Kerpt It Secret.
The splendid work of Chamberlain's
Tablets Is dally becoming mort widely
known. No ifuch grand remedy far stom
ach and liver troubles has evtr been
known. Hold by all dealers. Advertise
ment, '
K y to tne Situation Ue, Advertlstna.
Hot weather is approaching
This is the season
when a man, spend
ing a large part of the
day in his office, is
looking for an office
in a cool building
A few rooms are to be had in
THE BEE BUILDING
The Coolest Building in the City
We will be pleased to show the rooms
Apply to N. P. FEIL Secretary.
Bee Business Office