The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1883-04-03
TO SUPPLY A WANT.
The Western Life and Accident Association
The First Company to Organize
Under the New and Stringent
State Law.

The Western Life and Accident Association,
the first company to organize under the new,
rigorous and much-needed insurance law passed
by the last Legislature, is worthy Of more than
the brief, though complimentary notice given in
yesterdays journal. This association is organ
lied. as its name indicates for the purpose of
doing life and accident insurance business on
what is known as the assessment, plan that is
equitable, honest and inexpensive, when, as in
this case, in the hands of men of probity, capital
and business qualifications and energy.
This company, with John Cavon, ex-mayor' of
this city, as president, Emanuel K. HAwn, lust
retired from the Office of Secretary of State as
vice-president and general manager, Charles Fl.
Furgason as secretary, and Norman 8. Byram as
treasurer. exhibits array of officers whose in
tegrlJy and fitness are unQuestioned.
The two years of service of E. R. Hawn as
Secretary of State gave him insight and inti-
mate acquaintance with the needs of this class
OF insurance, knowledge that will be of inesti-
mable value to the company and to those who
avail themselves of its benefits. N. s..
Byram is of the well-known wholesale
dry goods firm of Byram, Cornelius & Co.
and has been known prominent and success
full merchant OF this place for quarter of CEN
the well-knOwn railroad engineer of the L. b. IL
W. road ST. Louis division. He has been con-
nected with the railroad business since 1864,
and specially valuable TO the new company ON
account of his acquaintance with railroad men
"a class particularly interested in this kind of
insurance.
The directors of the company are Norman 8.
Byram, James T. LaymaD, of the firm OF Lay
man, Carey Co.; John Caven, Isaac N. Patti
sen, city treasurer; Emanuel X. Hawn, Tobias
NJ. Murphy, the well-known insurance man;
Charles II. Furgason, and Alfred N. Robinson
The Western Life and Accident Association
begins business Endorsed by all the State officers,
ali the bankers of this city, several railroad pres
idents and prominent railroad officials, and many
of the best and foremost Of our citizens. The
high character of the gentlemen composing its
officers and board of directors gives the guaran-
ty that it will meet all its obligations promptly.
1t has filed its bond with the recorder of Marion
county, approved by the Auditor of State as the
law requires, and all its officers are under bond.
BY the law under which this company is organ
lied, assessments can be applied for benefits only
and not for expenses or other purposes, as
tho expenses of such organizations are to be
provld ed for by admission fees or assessments
designated for expenses, and no part of the NOR
tuary fund shall in any case be made to pay ex-
penses. An additional safeguard to the assured
is In the provision which requires that the asso-
citation shall submit annually, before the 31st of
August, under oath. to the Auditor of State, a
detailed statement Of assests, liabilities, insur-
ance in force, and shall answer such interroga-
tories the Auditor shall make, in order to as
certain its financial character and condition
The Western Life and Accident Association
offices are in rooms and 10 over the First Ma
tonal Bank, southeast corner Meridian and
Washington streets.