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THE OMAIIA" SUNDAY BEE: MAY 2, 1 flirt. "
n OMAHA INSURANCE CENTER Ought to Be Headquarter! for a Big Cluster of Companies STBONO CONCERNS LOCATED HERE Cerenan-Anicrleaat Life Emnflt uf Wkil Alar Be Dun la tho Wr ( BaHdlng tp a. Horn Instltatlo. 'Tli ore li no good reason why Omaha should not become ona uf the greatest In surance centers In the west," said U. L. kJ ' Jt.lngbell, president of the German-Ameri can Life Insurance company of Omaha, "1 am Inclined to think that there U a tendency toward the growth of Insuianco concerns In the west and that they will rapidly multiply In the not far distant future. The same facilities of capital und Integrity, to any nothing of enter pi ise, exist her In this treat wealth producing and prosperous west that exist In the east. where the great Insurance companies have become firmly planted and piesumo to - maintain themselves by some sort of a divine right. "Our company, the German-American Life Insurance company, has been in ex istence but four years. It la what la known aj a atlpulatcd premium company, and we maintain a legal reserve Just as do the old Una companies. We started In four years ago with but $1,200 as assets, and now we have 7a,000 In first farm mortgages, or slightly In excess of (100,000 In gross assots. Hecuril tot () Company. "January 1, 1907, our total amount of In surance in force was RS9,00. January t, 1310, our Insurance In force was 14,417,600, ond we expect to reach the $8,000,000 by the close of the present year. We led the world on gross volume of legal reserve life Insurance gained In Nebraska In the , years 1'jOS and l'.HW, and our business this year will be much ahead of last year. "This company Is neither a mutual nor Is It an old line company, but la simply a stipulated premium company, organized under the laws of Nebraska. It Is osten sibly a Nebraska concern, officered and lapltalised by Nebraska men and Nebraska money, "Since the organisation of our company, our total Income from Interest receipts alone has exceeded the total amount paid for death claims by 33.10 per cent. "The amount of new Insurance we have written during the year, 4s shown by the official records of the state auditor's of fice, was 13,032,500. We paid dividends to policy holdera In 1909, $J.17.77. and since organization we have paid policy holders 136,0&9.6J, which is not a bad showing for a new company." Taxation of Life Insurance. On the question of the taxation of life Insurance, Mr. Kllngbell said; "To my mind the greatest problem that is today confronting the buyer of life Insurance it the tendency of the various states anl also of the national government to tax life In surance premiums more heavily than any other tine of business. The system of tax ation of life Insurance premiums In recent years has advanced by leaps and bounds, until today It' la becoming burdensome to the person that buys life Insurants "No life insurance man will say that the legal reserve value of the policy should not be taxed. I believe that this part of the life Insurance premium should pay Us equal share of taxation in the same proportion that Is levied on other property, both per sonal and real. The public In general that buy life insurance have not taken sufficient pains to Investigate the methods of taxa tion Imposed upon If Insurance companies. "I am sensible ot the fact that taxation of life Insurance premiums Is a problem of more than passing Interest from a statute devised for the purpose of producing enough revenue to defray the legislative expenses of an Insurance department, the laws of most states have undergone grad ual change until we have class legislation In fact. If not so In name. "A tax sufficient to defray expenses to conduct every Insurance department In an efficient manner is a necessary and legiti mate burden for all ' insurance companies , to share.. But) such expense could be re- duced to a minimum by the creation of a national department ot Insurance, thus bringing all companies In the United States operating in more than one state under one common supervision and control. This would simplify the complex demands of the various states and eliminate the present unjust burden; provided the various states would consent to surrender supervision and base taxation purely upon the Investment portion ot each policy and so accept the national department certificate of solvency. Issued - to each corporation as sufficient qualification to transact business in each state. Buch legislation would remove a multitude uf defects, now so abundant In , the insurance statutes of every state in X we union. "It IS unjust to tax the premium paid for a term rato policy, a whole life policy, or the mortality and expense feature of all omer c asses or nnnoi mt rn ht , ;wlll crcato a larger fund than Is necessary w vyi uiv mo insurance aeparimem in a thorough r.innnei. It is unjust to tax the mortality provision of the premium, be cause such Is taxing benevolence. "Taxing the expense feature of a life in surance premium Is virtually an Income tax levied on the life Insurance business. Our supremo court has declared an in come tax levied agtlnsit one class of peo ple Is unconstitutional, because It Is class legislation. I hold 'hat a tax on the ex pense of the premium is an Income tax because It Is class legislation. (out pels lllaher Hates. "The tax sequence has been that all In aurance companies were compelled during me past years to increase the rata to meet this additional burden. It would be equally just to tax every corporation upon tho gross salaries paid, and. In fuct, tax all moneys paid by them for advertising end any other management expenses. One branch of business certainly should not be neid up at the expense ot the others. uiu iieartny in ravor ul any movement along practical lines that would eliminate tuo injustice pupetrsted upon all life in surance patrons under existing laws. To oring aoout such needed reform, however tho Ufa insurance companies should make tho first start In the right place, which Is in their own home office Eliminate the tVi.n-' and th, n (mil it .....! .....ii . Great Growth of the Old Line Bankers Life Splendid Showing of a Nebraska Company that Docs Business Along Conservative Linei. The history of surccssful financial insti tutions In the went Is one long record of the economy, frugality and self-denial practiced by Its originators and managers, few persons comprehend the difficulties encountered. Notable today amon the great financial Institutions of the state Is the old-line Cankers Life Insurance company of Un coin. Organized In 1SST with liOO.OOO cap ital and no surplus. It entered the western Insurance field In competition with tho slants of the east. In times of drouth Its officers watched the clouds as anxiously as tho farmer. In business depressions and panics their efforts were prayerfully di- m ected to the encouragement of agents that their business might not grow less. In 10 the assets of the old-line Bank ers Life had grown to about IXW.OOO. Ten ears later, . In linn, it enters Its twenty- ourth er with assets of nearly It.OOO.aO and surplus of nearly $1,000,000. It has now In force in sixteen states over 2?,0o0,fl00 of It. surance, writes annually In Nebraska from two and one-half to three millions, wo or three times a much as any other Id-line company, and has more Insurance n force In the state than the biggest or oldest. Although its premium rates are the owest on recird. Its returns to policy holders on mi.turtng contracts are the highest. - Its ttenty-payment life policies, taken at age Si and upward, are maturing better than indowmonts, demonstrating that life insurance in a we 1 managed old-line company Is protection, a sure method of saving and a profitable Invest ment The Investments of the company aside ftom pulley loans are exclusively first farm mortgages. Having outgrown its present rented quarters, It has contracted for the erection of a commodious home office building at the corner of N and Fourteenth street, Lincoln. It will have In Its new fire-proof building spacious vault and filing space and ample room for Its rapidly growlnc business. clL jr.fve.' HeMcctloaa of luclo :..-.. k. lanlt Purdy says he has got a lot of u.d him a half dollar eVer mt Spanish war. r u ain l so much a sign of arlstocraoy to have egg on your chin as it was I, Here's once wnrn the risih ..... -.. ran smooth. A couple in Milwaukee wis married on idler skates. J uuku. ' Practical Kxir rlrnt-r. The old farmer, equipped with tha m.i. cf his trade, was buiy near the road "vvnai nave you growing in that field'' ssked the Innocent passerby. V'Weeds." answered the are niter vyv .uj juu cultivating weeds? b "' 'ou cultivating .rfAtd the other. L ree," replied the man beh V f r I' ot experience I a vu'ed that Is the only way to ext tiu." cto4e Nee a, hind the m con extermlnati German nit EinisiULrsinic Company OMAHA NE SKA 1 From organization to January 1st, 1910, our total interest receipts alone, has exceeded all death claims by 33:10 per cent E led the world on gross volume of legal reserve life insurance gained in Nebraska in the years 1908 and 1909. RELIABLE SOLICITORS WANTED w L0NES0MES CRY FOR WIVES Settlers In Northwestern Canada till Tasmania ften4 Oat Call for He)?. The lonely cry of bachelor farmers In Canada's northwest has been heard by the Woman's guild of Montreal and ar rangements have been made with two lines of steamers plying between that port and England for the pasKage ot 4,000 domestic servants to be brought over this summer. The officers of the guild announce that applications have already been made for the services of every one of these domestic servants, and that the demand Is so great that they could place twice the number already engaged. Most of these 4,000 ser vants will be sent to the provinces of Sas katchewan and Alberta. And as most ot them are women. It is probable that they will be quickly snapped up . as wives by the desperately lonely farmers of the northwest Thus history will repeat Itself and the scenes enacted in Virginia and the other colonlea in the earlier days of the settlement of thlr country will be re-en acted in western Canada. A similar appeal for help comes from Tasmania In western Australia, where boys are plentiful and girls uncommonly scarce and precious. A correspondent ot the New York Bun tells about It: "There la no 'race suicide' in Tasmania, but there la a 'i.ic famine.' My Anglo Indian friend of Whom I wrote is a living example ot this 'race struggle.' He has five children, all grown up. The eldest, a woman, is married and has three boys. The eldest son has taken a wife, but he has two boys and no girls. There are three unmarried sons remaining and no wives can be had. "Colonel Moore, the prime ranlster ot Western Australia, who is now in London, re-echoes the cry, ''Send us girls!' 'Our farmers want wlvs,' he say's In a letter to to a London paper. 'Consequently applications have been pouring In to the offices of the Emigration society, 15 Victoria street, London, E. C. and it Is said tnat a party of picked women will ttart befoie tho end of May to the number of at least 100. They will be taken to Perth, the capital of Western Australia, and then transshipped to Tasmania or any part of the Australian world they may select. The fare to Terth Is only i5 and there will be a matron in charge ot the party. "In the Hobart paper there Is an amusing incident recorded. Three young dress makers from the borders of Wales had formed a sort ot joint stock company with a view to starting business at Hobart; but they had been Interviewed at Perth, and when the ship entered port at Hobart three successful young farmers, each owning his farm 'free and clear,' stepped on board and sought an introduction from tho captain The result was that the three young ladles, accompanied by the first offioer of the ship and tho stewardess, went to the near est church of England and three knots weie tied. Three fine rigs awaited the happy couples and off they started amid a shower ot rice and old slippers. liii Accident Policy Good Insurance Public Begins to Understand and Many Prefer it to a Straight Life Plan. CHURCH RENOVATION PERILS Hodera Improvements Chill the Ardor ot m Steady Attendant. That the smallest things occasionally change the course of one's whole life was demonstrated a few days ago by a little story told by Former Btate Senator Mitchell B. Perkins of Beverly, the treasurer ot the Delaware River Transportation company. The senator said that he once knew a young man In a town over in New Jersey who was regarded as exceedingly pious and was often pointed out by (ond mothers as an example for their sons. Every 'Sunday evening he could be seen going to church, and was also among tiie regular attendants at the weekly meeting. This commendable custom was kept up for several years, but suddenly the young man ceased to attend divine services, and greatly all ot his acquaintances marveled. Several conjectures were made as to the cause ot his strange move, but none ot them seemed to fit the case. Finally he was approached by an Inquisitive fnenj. "Jimmy," he rematked, "we never sea you hustling for church on Sunday evening any more. What's the matter?" 'Nothing." replied Jimmy, "only when they renovated the church they abolished the rear pew." "What did that have to do with It?" queried the wondering friend. "A whole let," answered Jimmy. "It was placed close up against the wall and was the only pew in the church in which you eould lean back your head and sleep through the sermon with any degree of eomforl." Philadelphia Telegraph. ' "No class ot Insurance has grown more rapidly in recent years than accident In surance, and there is practically no better Insurance offered the public," said Wlllard H. Butts, secretary and treasurer of the Western Travelers' Accident association of Omaha. "The difference between accident and ordinary life Insurance is so slight that a great many people now carry only accident insurance. It has the advantage of indemnity during the life of the policy holder as well as the death benefit. Another benefit of accident Insurance Is that It Is written at less than half the cost of old line or any other char acter of life Insurance while offering the same, If not a little better advantages to the policy holder. "The Western Travelers' Accident associa tion Is an Omaha concern and has been organized about eighteen years. There are about fifteen other travelers' accident com panies In the country, but we have been very well satisfied with the share of the business that comes to us. "We do not maintain any branch offices, nor do we have a big army of agents to whom we have to pay commissions. Our best agents are our satisfied policy holders, and we are getting a good share of the buslnees. While we are ostensibly a traveling men's accident Insurance com pany, we do not confine our risks wholly to traveling men, but will take risks that are no more hazardous than the vocation of traveling men. Our company has been a success from the start because we have sought to operate It at a minimum of cost commensurate with the maximum of pro tection. There are many advantages in accident insurance that those who are not accident policy holders do not realize. Every man Is liable to accident and with the introduction of the automobile the ac cident risk has materially increased, but tho cost ot accident Insurance has not in creased, nor is it likely that it will. "Many of the accident companies have in cluded sick clauses in their policies, and I would not care to express any opinion for or against these sick clauses. They havo been worked out by the ablest actuaries in the country. Ours Is strictly an accident company, and we feel that In the term ac cident we have pretty fairly covered the field, for there are more kinds of accidents than there are of sickness. "It is Just as essential that a person should carry accident Insurance as he should carry life or fire Insurance. A man Is constantly exposed to accident, and ac cidents generally come Just at the time a person Is not looking for them. They can no more bo averted than death. "Hence the public Is awakening to the Importance and necessity of accident In surance. Most of the accident companies are prospering. I know that our company has prospered wonderfully In the eighteen years of Its existence. The last year has been particularly a good ono with us and thus fsr during 1910 we have written more policies than-ever before In the same period of time. We are looking for a big year In 1H0." 89 Kl TENTH ANNUAL STATEMENT OF THE Columbia Fire Insurance Co. Of Omaha, Nebraska JANUARY 1st, 1910: ASSETS I First Mortgage Farm Loans I Ptate. City and Bchool District Warrants.. Municipal and School District Bonds . .. Cash: In Bunks In Office Bills Receivable (Farm premium notes not matured) Premiums In course of collection (Written subsequent to October 1) Accrued Interest on Bonds, Mortgages and Warrants 7S9.32B.00 6.32T.04 191.660.00 83.9(11.18 2,549. 5 156,685.89 47.S2S.3C 21.SU6.89 LIABILITIES Cspltal Stock Due Agents and others, Including deferred corn's Reserve required by law for the protection of outstanding risks Reserve for Taxes Losses Adjusted end Unpaid Reserve for Kstimated Unadjusted Losses.. Net Surplus 200,000.00 IS, 899. 90 61, MO. 86 8,000.00 None 9,560.60 191. 411. ia l,B84,7a3.Bt 91,984,723.99 RESULTS 1909 NET INCREASE. . Surplus ,?S,il?'S! Premiums 110. 611 65 Re-Insurance Reserve t 1S. . Admitted Assets aoii,ui.4 Net Premlume In 1909 .... 738.338.71 Premium Income Since Organisation $4.1 J2.0S0.71 Losses to Premium Income in 1909 14. 7 percent Losses Psld Since Organisation 1,303, 839. S9 Security to Policyholders $1,253,273.49 Nebraska Kansas Iowa , STATE AGENTS E. Q. Bohanan, Lincoln South Dakota C. H. Hearle. Topeka Oklahoma .... John F. Welble, Des Moines North Dakota ... Geo. L. lies, Sioux Falls J. H. McNew, Oklahoma City , . . Frank Harris, Bismarck A prominent, strong and influential Western organisation under the management of experienced and suc cessful underwriters, with an aggressive field force. Issues the easiest selling policies on the merket, smong which may be mentioned particularly, Its Combined Dwelling Policy and Its Farm Policies, and In case nf Iocs are cash as soon as adjnsted. Live stock covered against loss bv fire or tornado, on or off premises of a"sured. Local Agents desired in the above territory where not already represented. From 8200,000.00 to over a Million and a Quarter In Assets In ten years Is the record ot the Columbia Fire Agents, with which comparison is invited. a. Home Office Merchants National Bank Building, Omaha Telephone Douglas 451 OFFICERS D. E. THOMPSON, Pre. C. E. YOST, Vice, Fres. J. D. DINSMORE, 2d V-Pr. C. D. MULLEN, See. and Treag. C. O. TALMAGE, Ass't Sea. DIRECTORS D. E. Thompson J. A. Sunderland O. M. Murphey J. H. Miles J. T. Dressier E. O. Bohanan H. A. Wiggenhorin , C. ELYOst .' C. D. Mullen CERTIFICATE OF PUBLICATION State of Neraska, Office of Auditor of Public Accounts, Lincoln, Feb. 1, 1910. It Is hereby certified that the Columbia Fire Insurance Co., of Omaha, in the State of Nebraska, has complied with the Insurance Law of this state, applicable to such companies and is therefore authorized to continue the business of fire Insurance In this state for the current year ending January 31st. 1911. Witness my hand and the seal of the Auditor of Public Account, the day and year first above writ ten. SILAS R. BARTON, Auditor of Public Accounts. C. B. Pierce, Deputy. i D. L. BALDWIN. President W. A, YONSON. Vice President M. E. FOLEY. Secretary B. L. BALDWIN & CO. Nenrlugr Time to Stop. A messenger boy was told to deliver a telegram tt a certain Chicago minister on a Sunday morning at the hour when the preacher was in the pulpit. The boy gained entrance to the vestry door, and he was at a loss to know how to reach the minister, who was then in the midst of his di-cuurse. He finally suc ceeded In attracting tho attention of one of the ushers, to whom he whispered: "How long has dat guy been preach In ?' "About thirty years," said the usher "Well. I guess 111 wait. He muft be nearly done," said the boy. Chicago Journal. Trarlna Its Course. Uncle Dan'l I notice some o' the papers glvln' th' dally motions of th' comet "and it makes mighty tnterestln' rvadln'." Aunt Maria What did they say about it this inoi n In'. Dan'l? I'nele Dan'l Lemme me see. It was somewhere due north, or south, of the consolation of th' Little Dipper In the Dig Bear country, Jea' east by west of of Jupiter Caesar and 'leven degrees an' seven minutes ahead of th' Milky Way an' gltten closer an' closr to th' left ear of th' Dug etar-ati' It wus traveliu' at th' rate of 7,a.',ij.oou miles a second or less." A mil Maria Well, well, ain't that Inter eatinf Cleveland Plain Dealer. 1221 Farnam Street .General Insurance Agents.... 'Phone Douglas 271 i CERTIFICATE OF PUBLICATION State of Nebraska, Office of Auditor ot l'ublio Accounts. LINCOLN. Feb. 1, 1910. It Is hereby certified that the Palatine Insurance company, Ltd., of lxndon, in Kngland, has compiled with the Insurance law of this state, appllcablo 1 1 such com panies, and' is, therefore, authorized to continue the business uf Fire Insurknce In this state for the current year, ending January 31. 1911. Witness my hand and the seal of the Auditor of Public Accounts, the day and year f!rst above written. BILAS R. BARTON, Auditor of Public Accounts. (Seal.) C. E. PIERCE, Deputy. uver eigneen years experience in tue insurance Dusiness. we rep first class companies, with combined assets of more than fifty millions e adjust all losses promptly and pay cash without delay and without discount. Our combined Windstorm and Hail policy is very sat isfactory protection at very low cost. Our experience, and the protection of the insurance, which we write, are yours for the asking. resent six of dollars. CERTIFICATF OK PUBLICATION Btnte of Nebraska. Office of Auditor of l'ublio Accounts. LINCOLN, Feb. 1. 1910. It Is hereby certified that the Oerman- merles n Insurance company of New York, In the state of New York, has com p.leu Kith the Insurance laW'of this state, applicable to su- h companies, and is, there for, authorised to continue the business of l'.ie and Tornado Insurance In this state for the current year, ending January 11, 1911. Witness my hand and the seal ot the Auditor of Public Acoounta, the day and year first above written. 81 LAS R. BARTON. Auditor of Public Accounts. (Seal.) C. 13. PIERCE. Deputy. CERTIFICATK OK PUBLICATION State of Nebraska, Office of Auditor ot Public Accounts. LINCOLN. Feb. 1, 1910. It Is hereby certified that the United States Fidelity and Guaranty Insurance company of Baltimore, in tho state of Maryland, has compiled with the In sin snce law of tliU stnlc, applicable to such companies, and is, therefore, authorized to continue the business of Fidelity, Hurety, Guaranteed Attorneys, Burglary, Casualty and Stesm Boiler Insurance In thii state for the current year, ending Januuiy Jl. 1X11. buinnurv of Report riled for the Year Ending I member II, 1909: INCOME Premiums All Cither Sources Total DISBURSEMENTS Paid Policy Holders All Otlifr Payments Total Admitted Asset LIABILITIES Unpaid Claims and Expenses Unearned Premiums All Other Liabilities Capital Stock Paid Up Surplus Beyond Capital Stock and Other Liabilities Total Witness my hand and the seal of the Auditor of public Accounts the day and year first above written. HI LAM R BARTON. Auditor of Public Accounts. C. K. PIERCE. Leputy. . 3.6X'J.gl4 M 24."0.43 I3.s;.is&.;i2 .1 S14.fi9T.lt . l.B-'S.L'rti 6.' I2.843.1.'.S 5,;U,8.ji . 850,530 4ft . l.fitl,H47.8 16M00.97 2,701,O7.7 , 2.000,000.00 612.807 64 2, 613. 807. 54 .lo, 213. SKI il CERTIFICATE OF PUBLICATION State of Nebraska, Office of Auditor Of l'ublio Accounts. LINCOLN, Feb. 1, 1810. It Is hereby certified that the Providence Washington Insurance company of Provi dence, In the state of Rhode Island, has compiled with the Insuranoe law ot this state, applicable to such companies, and Is. thPn.for, authorised to continue the business of Flrn Insurance In this state for the current year, ending January St, 19U. Witness my hand and the seal of the Auditor of Public Accounts, the day and year first above written. HI LAS R. BARTON, Auditor of Puhllo Accounts. (S'al ) C. E. PIKRCB, Deputy. StaUK?rf'Sl?ATF F "'CATION Public A'l'brVk4, N0 ot Auditor of l nolle AroountH. 1. . fc . LINCOLN, Feb. 1. 1110. It la hereby certified thst the Hartford Fire Insurance company of Hartford, In the state of Connecticut, has compiled with tho Insurance law of this state, applicable to such companies, and Is. "hirefore authorised to continue the business of Fire and Tornado Insurance In this state for w .c.urr"nt ,,ar- ending January II, J9U Witness my hand and the seal of the Auditor of Public Accounts, the day an4 year first above written. V SI LAB R. BARTON, Auditor of Puhllo Accounts. R,' ) C. B. PIERCE. Deputy, I