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