Search America's historic newspaper pages from 1756-1963 or use the U.S. Newspaper Directory to find information about American newspapers published between 1690-present. Chronicling America is sponsored jointly by the National Endowment for the Humanities external link and the Library of Congress. Learn more
Image provided by: University of Utah, Marriott Library
Newspaper Page Text
i ,ji -4 Tl-IE SALT LAKE TRIBUNE, MONDAY MORNING, JUNIi 2, -19 13. H News of the Insurance World j Taxation of Life Premiums. Rosardlnsr the toxin? of Ilfo insurance 'premiums, claimed by many to ho a r.ink Injustice." T. W. Blackburn, secre- tary and nenenil counsel tor the jVmert 1 ' can Life Convention. In a brief on the ' federal Income tax bill now pending in MM iconpress. feus forth reason why tho H retute should encourage life insurance Q T premium payments, Mr. Blackburn iya: HH V.hen a mnn applies for a life ln- ' surance policy, pays his premium and 1 is accepted. ic Is creating a new 1 estate to become taxablo after its creation. Assuming that ho does not lappe. the stato s certain of three Hl thins?: . (1 An estate for taxablo Hf purposes will be created. (2) a family or a dependent will bo flclf-supportinj? il In the event of his death during- the term of the contract. (3) a saving 1 account ha.s boon opened and tho habit I of thrift established to the extent of the fulfillment of the contract. In t'hlentnUy Llio state la interested be cause a taxable estate is forthcoming: a pauper family is not to be left upon tho community; child labor, otherwise necessary, will be avoided; an edu cation for minor children is provided and the homo is protected. Tho contribution of the annual pre mium enables tho insured to project an estate, beyond hla lifetime which shall compensate his family, in so for as this In possible, for losing the bread winner and enable him to pro vide for thRt family t'he comforts, tho home, tine education, the opportunity for success. Impossible or difficult under conditions which must prevail If no life Insurance policy is curried. Recognizing this .principle, the in come tax law exempts fraternal bene fit societies from the Incomo tax. 'Hie legal reserve life insurance com pany Is founded and conducted upon a mere elaboration of tho fraternity Idea. It s based upon tho commer cial necessity for absolute certainty that tho contract of Insurance will be performed. It. recognizes the frailty of the human being and the danger of lapaatlon. It seeks to add to the mutual principle of the fraternity Uhc safety of a contract which shall not depend solely upon the volition of tho Insured. It thereforo collects sums sufficient to cover emergencies in tho Interest of tho organization composed, as the fraternity Is composed, of In dividual contributors. It theroforo fixes a rate per annum sufficient to make good without regard to tho con tingencies of advancing average age, which is the bane of fraternal Insur ance and tflio rock upon which that form of indemnity breaks. TEic same reason which makes con gress willing to exempt .fraternities should lead that body to cover these organizations for protection which are permanent, with the same mantle of consideration and tax only the convnorclal results beneficial to tho ' company. Life Underwriter! "Play Ball." The gamo of baseball between life In surance men at Alderwood. near Holll day. on Saturday afternoon is declared by those competont to Judge to be the best thus far of the season, the umpire and a few would-be critics to th0 con trary notwithstanding. Tho combatants were members or tho local agency force of the .Metropolitan Life, who early In the day threw down the gauntlet by chal lenging agents of ufi other companies present in other words, they offered to take the "field." The occaBlon was .tho outing of tho memberH of tho Utah Asso ciation of Life Underwriters and their wives and owcethearts and it proved such a success that it will be repeated In a couple of weeks. There wero about sev enty people in ull present, the guests or Mr." and Mrs. George D. Alder, who. dur ing the summor months, live on the "Alderwood" farm. Following various games, a delightful dinner was served on the grounds, the entire party returning to tho city shortly after 7 p clock. Referring again to the baseball game, it should bo stated that Insurance Com missioner Done "acted" as referee and IBESINQL HEALS fTCHWG ECZEMA Don't stand that itching eczema tor ment 'one dav longer. Go to the nearost druggist ancf gcL a jar of Kesinol Oint ment and a cake of "Rosinol Soap. Bathe the eczema patches vith Resiuol Soap and hot water, dry. and apply a little Kesinol Ointment, Tho torturing itching and burning stop instantly, you no longer have to dig and scratch, sleep become? possible, and healing begins. Soon the ugly, tormenting eruptions disappear completely and for good. Resinol is not an experiment, Tt is a doctor's proscription which proved so wonderfully successful for skin troubles that it lias been used by other doctors all over tho country for eighteen years. No oiher treatment for ihe skin now before tho public can show such a record of professional ap proval. Every druggist sells Resinol Ointment and' Resinol Soap, but you ran test them at our expense Just write . to Dopt. 41-S, Kesinol. Balti more, M1., and we will send you a generous trial by parcel post. (Adv.) B Jesse Knight's (Spring Canyon 1 1 C 0 AL The Argument all comes In a lump. H We don't want to mention 1 any names, but if the fel- I low who 'tends to the I weather in this town doesn't I want a lump of the best I coal in this vicinity bumped I off his head, he will steer EeS clear of our coal offices on KB South Temple street. fm This may bo the sort of weath- Wm er that inspired Whitcomb Eiloy to write "Knee deep in June," II but it never inspired anyone to w buy coal and that's mostly what M we mean. BH But 1 H "We do not fret; I EHf We'll sell you yet." I1 L,w1 M. Cannon, Gen. Salw Ant. 13 E. South Temple St., Salt Uaka there aro thoso who dechiro his 'acting" was shameful In tho extreme. There wero threats on tho part of managers and general agents to withdraw their companies from the state because of his "rotten" declslonn. The commissioner, on the othor hand, threatened to cancel the licenses of the entire "bunch" on account of the miserable showing they made. President Klpp said he would not "par ticipate" In any such proceedings and threatened to withdraw unless hostilities Immediately ceased. Order wa3 finally restored by the game being called off. A hearty vote of thanks was tendered Mr. and Mrs. Alder for the courtesies ex tended and hospitality shown; to Presi dent Klpp and Joseph V. Smith, chair man of tho entertainment committee, and to Treasurer I. B. Voylcs nnd other offi cers of tho association for malting thi outing possible. Contests Part of a Claim. The Lloyds Insurance company of Lon don, England, issued a $'225,000 blanket fidelity bond to tho Crocker National bank of San Francisco, whose former assistant cashier has confessed to the embezzlement of ovqr S200.000. The bond became effective March 25. 1012. and no dispute is made an to embezzlements tak ing place since that date. The Insurance company, however, holds that $7000 of the amount claimed was embezzled beforo Its bond took effect and refuses payment of this amount. Tho defaulting cashier soys that the money was paid back into the bank and again embezzled. If a. com promise cannot be reached the banic. through ita officials, will bo compelled to go to London to bring suit against the underwriters. , , ... "When." said Commissioner Done, mil Institutions like this, and others too nu merous to mention, learn to do business with companies that have been repiJarll admitted to this country and Rea duly licensed to do business in tho states they wish to do business in? Western States Lifo Official Til. H. J. Saunders, vice president ami su pervisor of agenclc3 of the Western States Life, Is In tho hospital at &un Francisco, where a fow days ago ho underwent an operation. Word to this effect was re ceived on Saturday last by tho com pany's agency director In this city, ku fus K. Hardy. A meeting of tho agents for Utah and Idaho had been' planned, but Mr T-Iardv was unable to commu nicate with all of his men, the result being that quite a number of agonts arrived In Salt Lake, not having learned of Mr. Saunders's Illness. The agents who were hero on Saturday wero given a dinner by Mr. Hardy at tho Commer cial club and an altogether enjoyable tlmo was had. The scheduled meeting has been postponed until such a time as will permit of Vice President Saun ders's ability to make the trip from San Francisco to this city. Insurance Notes. Elaborate preparations aro being made at San Francisco for gatherings oi In surance men at. the Panama-Pacific expo sition in 1913, to bo known as tho World s Insurance congress. Tho Rocky Mountain Fire Insurance company of Great Falls. Mont., has ap- pointed H. J. Casseday special agent with headquarters at tho home office. The Farmers National Life Is tho name of a company recently launched in Chi cago. Influential men aro Eald to be behind it, mostly farmers and bank ers. Jarvis Ncwlns. special agent for the mountain field of the Gcrmanla Fire, has resigned and will enter the brokerage business In this city. Accidents in rock quarries, coal mines and metal mines of the United States during 1012 resulted In loss of life to 3G02 out of tho 3.005.2S1 men employed. Nearly -1000 bills affecting various branches of the casualty business have been Introduced in the legislatures this year and 27S laws have been paEsed. Casualty underwriters aro effecting or ganizations throughout the country slml i lar of purpose to the llfo underwriters. There was some talk of forming an association In Salt Lake a year or two ago. but nothing has ben heard from it of late. An unusual suit is being heard In Chicago where a man named William H. Mcutsch is suing a street railway com pany for 5"fi.OOO damages on tho ground that an accident on one of the defend ant's cars caused him to become insane and rmirder two daughters and an In fant son. The fire Insurance famine In Missouri is being felt, and tho companies who have suspended the writing of business are now awaiting the supremo court de- . cislon in the quo warranto proceedings. The reports of new companies being or ganized is abased on nothing substan tial. The Guardian Casualty Sr. Guaranty company of this city is suing the Stan dard Construction fc Development com pany for tho appointment of a receiver, alleging that the latter company, which had a contract for certain street work In Los Angeles and for which the Guar dian Is bondsman, has become Involved making court action necessary Fire prevention interests have suc ceeded In having withdrawn tho recent order of the postofflce department re quiring that all mail boxes bo painted red. Attention was called to the fact that for years red has been the color of flro alarm boxes, and it was feared that the change would cause confusion and delay In the sending In of alarms. James Wilcox, manager for the Mutual of New York at Montgomery. Ala.. Is a guept of the Semloh hotel on his wav to Nevada. During his stay In the cltv he will be the guest of Fred C. Hath away, local manager of the company. In Railroad World Ad Men Coming. J. S. Earley, city passenger agent for the Salt Lake route, rocelved word yes terday to tho effect that the members of the lxs Angeles Ad olub -would pass through Salt Iike Cits', arriving here at U:4i o'clock the forenoon of June -I. At Option the party, which will travel in two special cars, will meet other delegates, and probably tho entire party will pro ceed to the convention of advertising men In Baltimore in a special train. From Los Angeles to Ogden the cars will go as part of the Pacific limited. Babcock on Vacation. The office of trarrie manager has been abolished by the management of tlv Denver & Salt Lake Railroad company, according to information received here last night, and when Wv H. Paul assumes tho duties of general freight and passen ger agont today, he will In reality succeed to the place made vacant by the takings of an indefinite leave of absence by s II. Babcock, traffic manager. Tho Den ver &. Salt Lake Hallroad company is the successor to tho Denver, Northwestern & Pacific, known here as the Moffat road. Big Business Expected. Charles Krotzen'oerger. general agent for the Monida-Yellowhtone Stage com pany, operating through tJho Yellowstone national park, arrived In Salt Lake City yesterday and announced that he -was ready for and expecting a record-breaking business for the park. Boost for Utah. Colonel I. A. Benton, general agent of th .pasenger department of the Denver & Rio Grande In Salt Lake- City, rocelved yesterday a copy of the company's "Ho tel and Boarding House Booklet," which bos Just been Issued. Made prominent on the cover and throughout the folder Is tho injunction for tourists to visit Denver for th Indian fthow In lDlfi, and on the way to stop off In Utah. The folder was sent by F. A. Wadlelph, general 'passen ger agnt for the Denver & Rio Grande. Children Cry FOR FLETCHER'S ASTO R A ! PROLONGING LIFE IN BRIGHT'S DISEASE IAJs narfl fot" Physicians who have had nothing but failure In chronic Origin's Dlscaso to believe that there Is such a thing as recovery and many doubtless honestly feel that patients reporting re coveries under Fulton's Renal Compound are but temporarily benefited. Let us for a moment refer to tho case of the daughter of the late. N. W. Spalding, former U. S. Sub-Treasurer of San Francisco. After her father "had spent ten thou sand dollars" in efforts to cure hor and tho dropsy came and the end looked near she was put on Fulton's Renal Compound. To uho tho words of the physician, let us say that she was "tem porarily benefited. ' Wo muat now stretch "temporary" to twenty years, for It was twenty years ago. and she was living and attending to her house hold duties at last advices, in January. 1913. The caso of a well known editor of San Francisco, whose address we will give to anyono who cares to write, was declared to bo hopeless. Ho has boen editing his paper for twelve years since his "temporary Improvement." Ho be lieves he Is well and certainly looks like It. In view of case after caso like tho above, If you have Brlght's- Disease you owe It to yourself and family to try Ful ton's Renal Compound before giving up. It can be had at Schramnv.Tohnson, Drugs, "The Never-Substltutors." Fh'o (5) Good Stores. For pamphlet on our Investigation into the curability of Brlght's Disease write John J. Fulton Co.. San Francisco. (Advertisement.) Don't think that piles can't be cured. Thousands! of obstinate cases have boen cured by Doan's Ointment. 50 cents at any drug store. (Advortiaomont.) Whom WouM You Choose j Suppose you could choose 'men like those 1 whose names are given below to take care of 1 your estate after you. were gone. Wouldn't 1 you do it? I But you say you cannot, for they are 1 busy men, and besides you may not feel that 1 1 you know them well enough to ask the favor. jj 1 But you can ask the trust company which I I they manage, and your affairs Avill receive J 1 the closest attention from it. You will thus i I have the full benefit of their advice and I J experience. 1 I These are the men: 1 W. F. Adams J. F. Dunn Duncan MacVichio I I R. E. Allen A. O. Ellis, Jr. D. C. MacWatters r I W. W. Armstrong M. R. Evans W. N. McGill I Julian Bamberger Sherman Fargo Goorgo E. Merrill 1 1 John S, Bransford James Farrell P. J. Moran n John O. Daly W. J. Halloran J. C. Penney- fl 1 C. A. Day Lafayotto Hanchott P. J. Quoaly I John Dorn David Keith H. W. Sturges ffi Goorgo O. Whitmore I Bankers Trust Company j 8 Opposite Postoffice in Newhouse Building. ! Oenver &Bio faa s May, !, , 10, 17, 24, 31; June 3, 7, 13, 14, 21, Good until October 31st returning. ? '"fl Round-Trip Fares from Main-Line Points. ''9 Chicago $5G.50 St. Louis Jfl St. Paul -55.70 Minneapolis". j Kansas City 40.00 Omaha Denver 22.50 Colorado Spring Proportionately low rates to many other points. Stopovers. Diverse routes. STEAMSHIP TICKETS to all parts of the world.B Electric lighted Pullman and tourist sleepers to lJ9 Kansas City, St. Louis and Chicago without changB' DINING CAR SERVICE BEST ANYVTTp.pp For further information see any D. & R. G. agent or adfll F. A. WADLEIGH, G. P. A. I. A. BENTON G jJS Denver, Colo. Salt Lake