The Helena independent. [volume] (Helena, Mont.) 1875-1943, 1890-10-23

p0Im1tG0O 10 COkl0CC OOlAT uuI1A tAo w
ganization was fully complete. Then when
these first members were called upon to |
make their first payment they refused OF
neglected to do 20 and these lapses showed
in the report from which you quote. And
az our first business was all secured IN Ne
in Nebraska; but as our efforts for
business were during last year put forth IN
another field, Of course our lapses in this
state overbalanoed our new business writ
ten, but ct the same time our business IN |
force at the close of the year showed an In
way Of comparison it might be stated that
the Pythian Life is not alone in having
lapses charged against it.
The Equitable alone has written since its |
thirty-oue years ago. about
a, $50, 0oO, coo Of insuranoe: i has paid IN
on its books about $6Oo, OOo, 900 Of insurance
80 that it's elapsed, surrendered and not
taken' business amounts to the enormous
aggregate Of over q, 100, O00, 600, or almost
nine out of every ten policy holders insured
by il have become convinced Of the error Of
long before ''tne reaper called them home"
II 10 charged that the Pythian Lite col
looted during the first year 5000 and paid
but $1,000 in death losses: The report
6lad by M show that at the time it Was Aled
was paid after the 6rss Of january, though
before due, it does not appear in the pub
lished report. How with our friend the
Equitable7 During its first year it collect
ed ga, AS and paid nothing for death losses.
While q the close Of it's second year the
demnity, had an income Of $76,07l and had
paid in death losses $10, 900. The Pythian
Life at the same age has written 81, 0OO,OO
of indemnity, has collected about $4,000
in cash and has paid in death losses 5000.
Or this association has had 90 per cent.
more insurance exposed during its first two
years, that the Equitable had at its age,
has collected less than one-third as much
money, and experienced death rate only
So per cent. - great.
Il to be young IL crime then the Pyth-
years. But this is an offense that shall not
be repeated although twenty-nine years ago
the Equitable Life was a. guilty a. We.
Its insurance In force was less than ours ts
now, while its per cent. OF premiuns col
lected to death losses paid, and it's death
rate to indemnity exposed was greater than
with us. But no company has better REQ
ord for losses paid, business written and In
force, and assets compared to liabilities
than the Pythian Life association, having
in addition to cash on hand and in course
Of collection an indemnity reserve" Of
about $4,000.
On the i2th day Of October having Just
returned from . trip to the east found
your issue referred to It tho head Of this
letter on my table and at once directed the
following communication to Messrs. Hale
b Nicely, managers for the Equitable Life
libelous letter had been cent to 7. 81.
Burke, Ren'l agent, Helena, Mont, whlch
letter had been sent BY special for the
Equitable whom We had caught cutting
premiums in this state after having united
with the Life Underwriters association Of
Syhi $ov1,SAn ma 6yfW n
bates. For this unprofessional way Of do
ing business we took him to task and - II
seems incurred his anger.
O,xAHA, Neb. Oct. II, 1890-Messrs. Hale
and Nicely. Omaha, Neb.-Gentlemen l
enclose you herewith copy Of Ct
r. H. Burke Gen'l agency. Helena, Mont.
Is it true that such q letter was written
or authorized by you?
In view Of the friendly relations that
have hitherto existed between your Mr..
Nicely and myself am slow to believe that
he at least, would become party 70 such 9
malicious and cowardly inainuation az il
contained in the letter Enclosed.
An immediate reply will be expected.
Respectfully yours,
w. F. BnCHTEL, Pres.
The following reply was received thit
W. +. Bechtel President Pythian Life
Association, Omaha.-Dear Sir; Replying
to yours of the 18th inst. will say, the let
ter sent from this Office TO 7. 81. Burke
Helena, Mont. under the date OF Oct. 4tt
member of this Arm. and We hold ourselves
in no way responsible for the statements
therein contained.
Yours truly,
This letter then was the emanstion Of 1
wholly irresponsible and malicious third
l nm fv whn n n aNanaa tn thu 0fxlNA NJ Hall