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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