Image provided by: University of Nebraska-Lincoln Libraries, Lincoln, NE
About Omaha daily bee. (Omaha [Neb.]) 187?-1922 | View Entire Issue (June 16, 1913)
THE BEE: OMAHA, MONDAY, JUNE 10, 191S. nefore deciding on your In dur ance 'phono D. 1K5. and iuk about the new loir cost, all guaranteed pol icies, all plans. Life. Limited Payment. En- dowments, Joint or Part- nerahln. C.nr. porauon ana Aioniniy lncon. or Pen men rollcles. IHs PrndtntUl tau. Co. of America ,n J1 "L?cli Co r New Jeney M. nTJCE OAWEIfTEB, Krr. ..-I-Vf.br"ska and S0Hh Dakota. U9-82 City Natl nk. Bldg Omaha 2 fSjSj&v 3 Assssa Northwestern Mutual Life Insurance Company OF MILWAUKEE MANN & JUNOD General Agents 038-544 Itrandels Building. OMAHA UNIFORM INSURANCE LAWS Vast Interest Harassed by Con flicting Regulations. KNOCK BILLS IN VARIOUS STATES THE i Union Central Life Ins. Co, 1 OP CINCINNATI, OHIO HARRY O. STEEL General Agent 111-313 Btmn Bldg. Phone D am Savings Bank Life Policy Have You Seen It? G. W. NOBLE. Qeneral Agent. OBAUII Xh BOPTBS, Bpeelal Agsnt. jr. C. SUTCHHAXr, Special Agent. omozsi 030-043 BraadeU Bias;. Omaha. 1'rolmbllltr of federal Supervision Remote Prorrr Towerd Uni form Hint Lnrrs De tailed. Progress toward Insurance reform la described and discussed by Ralph W. Ureckenrldge of Omaha in the current number of Case and Comment. Mr. Breckenrldge details the work of the in surance committee of the American Bar 5 GERMANIA LIFE gg&SSSF I Has an unusually good opening, for a man of character and ability In each of the following cities In Nebraska: Kearney, Hastings, Mlnden, tuid Central City. Address, Sin1?.' "A1! 'lnIJ'ST. Mjrr., or GEO. SUTHERLAND, 430 Itco nidg., Omnhn, Neb. Dlst. Mjrr., Grand Island. Neb. Eqmtable Life Assurance Society the U. S i Assets over $500,000,000. Paid Polioy holders over $815,000,000. H. D. NEELY & 00., Managers 11. u. AfeitLiY joe KLEIN 220 Ornalui National Hank llldg. E. II. riOKAHD "INSURANCE-- FIHB-TOIWADO- AUTOSIOHILE---PLATB glass noiLisn nutGLAny health and accident ALFRED C. KENNEDY 100 First Nafl Hank Old Phono Don!. 722. TALMAGE, THE GREAT PREACHER, SAID: "It Is meanly selfish for you to bo m absorbed In the heaven to which you nro going that you forget what Is to becomo of your wlfn and children after you go. If y(u could pay iho premium on a policy C.e,C t.hem.' U iH a mcan th,n ,or J"0" 10 K up to heaven whllo they go to the poorhouse." THE BANKERS RESERVE LIFE COMPANY Soils policies not excelled in the world. It is n life insuranco company of great financial strength. Its policies afford the highest protection to family and estate. You would ho pleased with their liboral terms. SSOSMBSS 31, UT 31, 1913 INSURANCE IN FORCE "06 .... 509,000 DBOBKaaa 31. 1910 33,041,084 11. 1808 ....$1,483,310 DJCCE1CBE ai,- ISIS . . , , . 808 503 18,331,044 nnZii8f;I'y.'IV,a W "!." ,p.r"l?"nl I M- HVER15TT Medical Director U- DAVIS, Omaha. Vtce-Pres, C, R. 13ASTKRDAY, AsaX Secretary M. A. HYDE ARency Director y . . tOOAI. AGENTS WANTED in every county In the state. Liberal commissions are paid. THE MIDWEST LIFE Agents, nooms 1313-1314 City National Bank BuJiaii; OnVah kebra.kS. r BALDRIGE-MADDEN CO. GENERAL INSURANCE Phone Sour. 800. News From the Insurance Field have been passed In some of the states, and other restrictive regulations have been established upon the theory that the Insurance companies are the natural enemies of the people with whom they are dealing. It would be bad enough and sad enough If all this misunderstanding and chaos were confined to the states; but by common consent the very worst situa tion and most vicious and lncffeetlv regulation of the Insurance business, any where In the United States, Is that which pievalls In the District of Columbia. The .District has an insurance code which is the product of a great deal of unin telligent legislation, and is conceded to be the worst in existence. Nerd nf Hr fornintlon. I have - not Undertaken to enumerate the particulars of, nor to locate the re sponsibility for. this altogether lncom- aseoclatton of which he is a member, and the efforts being made to secure favor- ' prehenslble muddle of our Insuranco laws. able action by congress on an Insurance i Borne very reputable, ably managed life Be Bndln-' THE TEST IItrw wcr vour tornado losses settled promptly and fairly? , That Is exactly what our patrons aro pleased about promptness and fairneas. IMat lVIeister GENEn.'L INSURANCE 1313-14 omr matioxai. bank bux&sxvo, Fhone Sons;, 1703. WAITER A, TOKSON W. &XSOY WZX.OOX B. L. BALDWIN & CO. 609-10 rirst Ifation&i SsUfcUshed 1891, QSITSSAXi nrSUBAKOB Telephone JOoajr. an. Wheeler & Weipf on Co. 1811 Dodge Street. SBUCABZ.B XKBTTBAKOB Or AUj 3EXXTOB Vhone Boatfe IDS. 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 code for the District of Columbia and its eventual adoption by the states ns a uniform insurance law. Mr. Urecken ridge says, If! part: When the Hon, Charles K. Hughes con ducted the Inquisition that dealt with the Insurance conditions In the state of New York, he exposed a lot of rottenness which was not confined to tho com panies under fire. Tho people were stag gered and ashamed to learn the business methods of those whom they trusted, and were astounded to find that the ethical standards of "big business," are no higher than those of the less influential citizens of the Christian nation, who practice short wclgnts and measures and the adulteration of foods. The public has been too busy with political Issues and political campaigns, and tho govern ment has been too active In prosecuting railroads and trusts and other enter prises which may bo classified generally as tho Interests, to correct a situation which calls more loudly for attention than almost any other that concerns the American people. Mnicnttmlc nf Innnrnticr Operations. The statistics of Insurance are stupen dous. The aggregate of insurance in force In the Cnlted States exceeds 000,000,000; tho aggregate assets of the insurance companies doing business In this country approximate 13.000,000,000, and the American people tax themselves an nually about Jl.OOO.000,000 for the various kinds of protection they get through in surance Theso figures aro exclusive the amount of insuranco In, and the assets of, the many fraternal benefit as sociations and the local mutual flro Insur anco companies, whoso name Is legion. There are probably 20,000.000 people In the united States who aro Insured under one or more different kinds of Insurance poll ciesi and doubtless half the population Is affected by this tremendous Institu tion we call lnauronce, the development of which hns been fully as amaiing as any branch or department of commerce. 1'opulnr Iunornnrr. Notwithstanding tho magnitude of In surance operations and tho direct Inter est the people have, that those companies wnicn handle their money and furnish them protection against the calamities of life shall be solvent, economically man aged, and fairly treated, the ignorance 01 the people about the institution of in miuiiwi limn ami mo companies con ducting It is Inexcusably denso, and can lie compared pnly to the prejudice they have against both the Institution and tho insurance companies. This Ignorance and prejudice Is not confined to the rank nnrt file, for legislatures and legislative com mittees stand committed to propositions uueriy incompatible with tho theory upon which tho business of Insuranco can bo legitimately conducted. Many peoplo know that something Is wrong, they do not know what It Is. nnd thev do not take tho trouble to find out. There la a great deal of Illegitimate, fraudulent ana very profitable Insurance written. but tho people do not always know what companies aro sound, and laws ought to uo bo irumea as to prevent fraud ulpnt and Illegitimate Insurance enterprises, mm Bivr a sure guaranty or securltv. ine snarp practices of theso shysters In, tho Insuranco business Is responsible for much of tho prejudice against insur- ance companies In general, though dls honesty and greed havo bred their sharo; out tne ignorance and prejudice concern ing insurance Is not confined to that wnicn Is directed against insurance com panies. Tho goncral misunderstanding concerning tho different kinds of Insur ance has brought about another phase of thi insurance situation. In tho central wet there has been a wonderful develop ment of fraternal and mutual companies which conduct nearly all kinds of In surance. I have no purpose. In this statement, to question the valuo of this kind of Insurance when properly con ducted and properly limited. Societies! which combine lodge and Insurance features have built up great Insuranco organisations upon the idea of fraternity, and have becomo very powerful In a number of the states of the Mississippi valley and beyond it. Sometimes these companies are strong enough to prac tically dictate the election of state offi cers. In one of the states between the Mississippi river and the Rocky moun tains, It has happened more than once, that some one or more of these strong fraternal organizations has been able to elect or secure the appointment of the state Insurance commissioner, and the legislatures of several of the states In that part of the country have been domi nated by members of these Insurance wt-v," -itwi fui vn in cuius I I1C legislature was to secure legislation as favorable as possible to their own organi zations, and do all the damage possible to the old line companies. I have In mind one state in which recently the premiums of fraternal benefit associations and mu tual companies operating on the assess ment plan were exempted from a tax upon the gross premiums of Insurance companies provided by a general revenue Jaw, It scarcely seems necessary to CURRENCY REFORM IS URGED Preston Would Have West Made In dependent of Money Kings. EAST'S DOMINATION RESENTED nnnkrr Snys Cure of Defects In Money 8,-stem Wonld Render Pending; ChnnRen In Tnrlff Schedules Unimportant. companies have, In tho past, vrritten fotms of policies whloh were largely responsible for the scandals connected with lira Insurance; and flro Insuranco companies are credited with responsi bility for the cumbersome, unwieldy, and unintelligible standard fire policy In current use. There Is need for a ,thoroUgh overhauling and rcfermaUon of tho laws which deal with tho sub ject of Insurance, not only that tho Peoplo may be protected, but that the companies may also have protection from demagogic assaults. A company created by tho laws of ono stato and doing .business in another should be under the same regulations, and its con tracts ought to be construed and en forced the same, In ono stato as In another; but the books are full of con trary decisions covering nearly every phase of Insurance law. This anomaly could bo remedied if wo had uniformity In our insurance laws. Federal Supervision. Tho committee on Insuranco law of the American Bar association has been wrestling with this problem for several years. A majority of that committee, as it has from time to time been con stituted, have been and are now in favor of federal supervision of Interstate tran sactions in insurance; but tho associa tion has not passed Upon the Interesting question presented by this proposition, In view of the line of decisions which apparently hold that the regulation of Insurance Is not within the clause of the commerce clause of tho federal constltu tlon. Public and legal sentiment, how ever, appears to be hanging, and tho tendency In tho direction of federal su pervision of all Interstate corporate and commercial transactions Is very marked. There Is much to be said In favor of dealing with this matter through congres sional action, under tho commerce clause of tho constitution; but the American liar association's Insurance cotniiilttce, under the instructions of tho associa tion. Is making a strong effort to se cure the adoption of u new Insurance cede for tho District of Columbus with a view to make such a code a model law which, with tho Indorsement of the association, and the conference of com missioners on uniform state laws, will bo presented, to the several states for their adoption. This seems to be a feasible plan, and it Vs,"hoVed that sub stantial results along this line may be secured In tho-' near future. Vt I national! yJ V5flf-iDEirrv& fty "No public question now before the peo ple can compare In importance with that of currency reform," said W. O. Preston, treasurer of the Bankers' Reserve Llfo company. In pursuance of his official duty, Mr. Preston Is called upon almost dolly to pass upon proposals for the sale of bonds Issued by county, city and school district electorates In various parts of the country. It Is a part of his business to get the best possible Information bearing on the state of the bond market, which Is Influenced, of course, by the varying degrees of supply and demand for money. "Tho thought often comes to me, why should the business and financial affairs of America be so intimately Influenced by the possibility of war In Europe? Ono answer Is that tho financial kings of European capitals undoubtedly exert considerable Influence upon the captains of finance In this country. Thcro seems to bo an Impression' throughout the west that the financiers of our big eastern cities have a controlling Influence upon the money supply. "I will not attempt to say that there Is any foundation for this belief, but In my recent tour of tho west I certainly found that the belief prevails. I regard It as very unfortunate that our banking sys tem Is such as to make possible the prevalence of a widespread belief like this. It means that congress should without delay give the business men of tho west such amendments and changes In our national banking act as will enable the west to free Itself from the domination of the money kings of the east. 'Ever elnco the bank panic of 1907 this subject of currency reform1 has been beforo tho public for discussion. There Is an Insistent demand for a revision of the national banking act which 'would give tho west Independence in money matters. President Roosevelt, President Taft and President Wilson all have favored such revision of the banking- act, and I understand that President Wil son is now urging congress to take up tho subject during the special session. FYom the opinions that I hear expressed both in tho west and at home. I am confident that congress can do the coun try more good by giving us good cur rency legislation than It will do by rovlslon of the tariff, because remedies for tho pending changes In tariff schedules." IF YOU ARB A NEBRASKAiST""31 Evidence your bollef In Home patronngo by insuring In a homo company. Workmen's Compensation, General Liability, Fidelity Surety Bonds, Accident and Health, Flato Glass and Burglary. National Fidelty & Casualty Company Wat. ridellty ft Casualty Company Bldg. Edwin T. Swobe, President. J. H. Mithen Go. INC. 021-4 CITV NATIONAL BANK nLDG. Surety Bonds, Employers' Lia bllity, Automobllo Liability, Burglary, Plato Glnss. INSURANCE "State Mutual Life" OF WORCESTER, MASS. OHE OF THE OLDEST 69 "YEARS and Beat Companies on Earth. W. H. INDOE General Agent 052 Bco Building, OMAHA Insnrnnce Notes Flro losses In Illinois during May foot up J1.2S1.000. All of the Omaha tiro insurance agents are In Fremont today, attending the an nual convention. Frank Martin of the Martin brothers' agency has gone to New York on a two week's business trip. Frank J. Haskell of the Love-Haskell agency, spent most of last week In Chi cago looking after business matters. Fire Insurance companies which re tired from the Missouri field were caught for a bunch of money in the 1500,000 fire at Springfield last Monday. Almon S. Reed, district manager for the Northwestern Mutual life, with head quarters at Cedar Rapids, la., spent a couplo of da'B In Omaha last week, a visitor at the agency here. C. It. Frunklln, United States manager for tho Franrurt insurance company or Germany was In Omaha last week on his way to tho Pacific coast. Hero tho com pany Is represented by Martin brothers. C. M. Chrlstcnsen, district agent of tho Northwestern .Mutual life with head quarters at Wayne, Neb., who was In a nospitai several weeks for an operation. has fully recovered and Is back In charge or nis territory. The Iowa supreme court has ruled that gooua removed LIFE INSURANCE ACCIDENT INSURANCE ElRhty-fivo Millions Assota. TO ELLY "Tho Insuranco Man" PHONE DOUGLAS 861. Jay D. Foster Joseph Barker fros'SsT1 mpany Successors to 1. E. Palmer Son & Co. Accident and Health Insurance LIBERAL CONTRACTS Losses adjusted by us right here in Omaha. from a building threat ened with lire ana unerwuru uamagoa by rain must be paid for by the flro In surance company tho same as If the damage was due to fire. The IJon Bonding company of Omaha that has enjoyed a growth never attained by any company In the west, is making preparations to go into a number or other states In tho near future. Tho com pany has headquarters now In nearly u dozun or tne westrn and southern states. R. R. Otis of Council bluffs has been appointed gpvcia! agent of the West chester .Fire Insurance cpmpany. with Nebraska and Iowa as his territory. Ills headquarters will bo with Martin broth ers, Omaha. He succeeds Adolph Werner, who becomes stato agent for Missouri. With the Imperial of Denver reinsured and out of business, thero are but two western companlts In the field, .seeking fire Insurance between the Mississippi river and the mountains. Tho two re maining companies" are the Fire and Murine of St. Paul, Minn., and a com pany In St. Louis. William R. Drake, special agent for the Unltod States for the General Fire Assur ance company of Paris, was In Omaha last week calling on C. O. Talmage, man ager of the Fire Underwriters' associa tion. Mr. Drake has his headquarters in Chicago and represents the largest of the French tire insurance companies. H. T. Lamey, general manager of the 1 western Assurance company or Toronto was In Omaha last week, a caller at the offices of tho Forter-Barker company, whero the Canadian organization la rep resented. Mr- Lamey has his headquart ers in Denver and was formerly presi dent of the Imperial Insuranco company that reinsured Its risks with the German American. Nell D. S1IU, president of tho National Lite underwriters association, with head Many Insurance Men to Attend the Big Fremont Meeting Tho, annual convention of flro Insur ance agents to bo held at Fremont today promises to be ono of tha largest and best attended meetings over held by the association. Secretary Talmage, who for several wooks has been In correspondence with agents throughout the state In reference to tho meeting, expresses the opinion thut tho attendance will be around 400, at least, and he would not be surprised to see It reach BOO. The Omaha agents, 100 or more, will all be there. They will leave Omaha on the early train on the Northwestern and reach Fremont about 9 o'clock. This train leaves the Union station at 8 o'clock and for the accom modation of tho Omaha men two extra coaches will bo attached. Fremont has made extensive prepara tions for entertaining the Insurance agents and their stay in that city will bo made very enjoyable An effort will bo made to conclude the business of the convention today, but it is quite likely that It will run over into tomorrow. Besides the business sessions thoro will be a game of base ball In the afternoon. It Is understood that there are several election slates about completed, but ac cording to all reports they are likely to be broken. It is said that an attempt will bo made to continue C. O. Talmage in the offlco of secretary, but Mr. Tal mage will not havo It, Ho has held the offlco ten years and feels that this is long enqugh. speeches. The program will probably In- udo an automobllo tide about the city. Suarters In Richmond, Vn.. will be in maha Saturday. June 31. and will be the argue the proposition that the principles ' Kuet of the local association. Klaborate Which HnArllA llrllmnli. itn.r.-UUn 1I c,ui wuuo utu UVHIlft uiaut: IU vmrilHIU wnicn underlie legitimate Underwriting h)m auring his short visit here. There must De ooserveu in order to preserve ; will bo a supper, the place not having the assets of the companies engaged In Dten acciaeu upon, ana a uumuvr or snort the business: and Ignorance of theso principles Is responsible for a multitude Of bills from Maine to Texas and from California to Delaware, many of which have been enacted as laws, making It tmpofcslblo to carry on the business ac cording to any general plan. The business has been overtaxed: the gross premiums have been taxed In disregard of the ob vious facta that a gross tax on premiums must necessarily result In a raise In the rates or a decrease In protection some where along the line; and that a revenue raised by the taxation of premiums of Insurance companies Is a discrimination against the man who carries Insurance and In favor of the man who remains uninsured, or Is hut partially Insured. Compulsory local investment measures Woman Refuses to See Justice in Way Relief Work is Done "I'll cut your ote gizzard out," was the way a colored woman expressed herself to A. F. Rasmussen at tho tornado relief station when he explained to her that the relief money would not be paid Into her hands In cash. The relief committee made an appropriation for her case and she had called at the relief station, thinking that the cold cash would be nanaea ner. rno committee makes it a point to simply appropriate for definite work of rebuilding or other help and then to check against that appropriation for the payment of bills Incurred In the building or repairing authorized. The colored woman couia not b it through her head. Paul Kuhns of the trust and savings company was present and he undertook to explain that the money would be kept for her and thct It would be used for the repairs and rebuilding that would bo done on her home. "You, tool" she shouted. "You all ean't be my guardian. I don't need no guardian, I'll tell you that!" She was pacified, however, and there was no bloodshed. Surprising Cure of 8tomnch Trouble When you have trouble with your stomach or chronic constipation, don't imagine that your case is beyond help Just because your doctor fatls to give you reller. Mrs. Q. Stenglc, Plalnfleld, N. J., writes, "For over a month past I have been troubled with my stomach. Every thing I ate upset It terribly. One of Chamberlain's advertising booklets came to me. After reading a few of the letters from people who had been oured by Chamberlain's Tablets, I decided to try them, I have taken nearly three-fourths of a package of them and can now eat almost everything that I want" For sale by all druggists. Advertisement. MRS. BAUGHMAN IS DEAD; RESULT OF TORNADO SHOCK Mrs. Tina Baughman, wife of Joseph A. Baughman, died last night at her tiome. Saw Franklin street, aged forty seven years. She was injured during the Koster sterm and her death Is ascribed to the shock of her experience that night. The ninil Hand is seen when liver Inaction and bowel stoppage tiles before Dr. King's New Life Pills, t.he easy regulators. S3 cts. For sola by Beaton Drug Co. Advertisement. N Brandeis Bldg, Phone Doug. 29 Let the Buyer Beware SEE US BEPOBD BUTTING ANOTHER POWOX IH Or INSURANCE. GALLAGHER & NELSON Oeneral Agent Illinois Bursty Co. Aire BRANCH 483 D. 3382 MARTIN BHDS. & CO. Workmen's Compensation Insurance BARKER BLK. TEL. DOUG. 735 boost ron OSUSfA The Columbia Fife Underwriters or owuia Horns Offices Satire Third rioar Merchants national Bank Bnllainff. Phono Douglas 4S1. 3. O. lalmage, Manager. M. B. itase, Assistant Managsr. D. 3959 W. O. W. BZiSe. 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 betterask the man who has one. Lion Bonding & Surety Co. 9th Floor W. O. W. Bldg. Phone Douglas 678. Spend money to save money If you have anything to sell invest a small sum in Bee classi fied advertising. The resulting sales and their profits will prove to you Money is saved by judicious spending i