davidaulloa/AmericanStories huggingface dataset:
St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1891-08-10
THE MUTUAL RESERVE.
The Work Accomplished by n
Great Association.

Great Association.
The Mutual Reserve Fund Life As
ISOLATION of New York was organized as
a purely mutual organization in Feb
ruary, 1881. on purely mutual basis.
1t had no assets. no capital, no reserve
fund. To-day, or ten years after its
organization. the Mutual Reserve Fund
Life association has S4,000,0O0 in assets
and more than 5000, 900 in its reserve
and emergency fund. 1t has paid in
death losses more than ST. 1000, 600: has
issued 10000 policies, and there are
now more than 65, 600 of these policies
in force. 1t has more than S200, 000, 900
insurance in force, and is receiving an
income of more than 81, 100000 annually,
IL is paying death claims at the
rate of g, 100000 year. and its new
business Of 1891 is avera ging at the rate
of $50.000.000, au increase of more than
LOCO, 600 month over that of last year,
the company issue but one form of
contract, therefore its books are easily
examined and its liabilities readily es-
timated. The policy provides for the
payment of a stipulated sum of money
to the widow, orphans, creditors, sur
viving partners or other benehciarieS at
the death Of member. The rates are
based upon the actuaTieS' tables of NOR
tality, with proper loading for a re-
serve or emergency fund, and said fund
is divided to the living men-
beers at stated periods. The expenses
are limited and are the same at all ages.
The payment of premiums are made
easy to members, as they can be paid
six times year, if preferred. aud dur
ing the ten years of the existence of the
ASSOCIATION, it has never averaged a
greater sum than one-half the premium
charged by the old-line companies, and
still there is s3.0O0,000 belonging to and
standing to the credito of the living mem
bers. ] he st. Paul manager of the com
pany is J. j. Hamilton. lie was born in
Ontario, Can, in 1913. He has only re-
sided in st. Paul enc year, but has been
connected with Insurance. III one line or
another for more than seventeen years.
He represented the Mutual Reserve in
in Manitoba and the Pacific coast prior
to coming to st. Paul. He married Miss
Agnes Cameron, of Exeter. Ont, in
1872. Mr.. Hamilton has made favOra-
BILE impression among ST. Paul business
men. The st. Paul Office is Ill $40 Ce
dar street. Union Block.
St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1891-08-10
Ratesof
--.....--

it Will be under stood. Of course. that
the aggregate liabilities as above shown
include neither capital stock nor rein
Surance reserves. The meagre state
mentS formerly made afforded little IN
formation as to the extent of the liabil-
tiles Of companies beyond that of eX-
penseS already incurred and losses as
certained and in process of adjustment.
These figures are therefore wholly val
uelesS as a test OF sOlvency, and are in
tereSting merely and indicating the
movement and extent of fire insurance
during the period named.
BY the act of 1868, TO which reference
has been made. life companies which,
before that period were free from Off
cial supervision, were subjected to all
the conditions imposed upOn those do
ing fire business. Tie required state
ments were made by both classes of
companies upon the same form of blank,
and are. of course. alike deficient in ad
cquate material for testing the actual
standing of life companies. a similar
limited exhibit of life companies Oper.
ating in Minnesota is afforded by the
following statement
St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1891-08-10
FOR RAILi.oADMRs.
The Railway Officials and EN-
pIoyes' Accident Association of
Ind u m annIis

The Railway Officials and En-
pIoyes' Accident Association of
Ind annapolis.
Col George j. Johnson, the general
superintendent of agencies OF the Rail-
way Officers and Employees Accident
Association of indianapolis. is man of
ripe experience. The colonel was born
on Staten Island in 1887, and came TO
st. Paul in 1869. lie was Il conductor
on the ST. Paul * Sioux City road in
IS69-70. a year later taking up his resi-
dence in La Crosse, acting as general
vardmaster for the Milwaukee road.
He remained here eight years, when he
went to New Orleans, and for
three wears was conductor on
the New Orleans. Mobile Il
Texas railroad. He assumed mis- second
residence in st. Paul four years ago,
when he took the position of general
superintendent of agencies for the Rail.
way Officials and Employees Accident
association, of indianapolis. Ind. The
headquarters of this firm in St. Paul are
located at 40 Fuller street. Col. john
son SuperintendS the operations of the
entire force OF agents, numbering 2ll,
who are doing business on 255 railroads,
including all the principal roads in the
country. Col. Johnson was member
of the Eighth Illinois and is prominently
identified in G.. A. Il. circles. being a
member of Acker Post. No. 2l. He
married in 1878 Miss Jennie SHOWER, of
st. Paul Col. johnson is most COM
panionable man and more popular in-
dividuaI it would be difficult to find
His friends are merely limited by the
extent of his acquaintance.
Ii may be interesting To note the fol-
lowing Stat iStics of the association rep
resented by Col. Johnson:
Assets. Dec. 81, 1890. .S9IO.5S6 60
Liabilities None
Claims due and unpaid .... None
Number of claims paid from June
II. 1859, TO April i<iS9l. -. aS9S
Amount of claims paid 15G, 81 Il
St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1891-08-10
THE BANKERS LIFE.
An Association Backed by the
Nioneyed Men Of st. Paul.

The Bankers Life association was
chartered by the state of Minnesota in
1850. with its home office at ST. Paul.
Since that date it has promptly paid all
its death claims and its operating ex-
penSes, besides accommodating guaranty
reserve fund Of over S250,000. At
this date the association has is
sued over $500 membership, holds
$3n0, 600 of available funds, and
has no liabilities for death claims due
and unpaid. Six hundred national, state
and private banks are acting as deposit
tors for the association. At these vari-
Gus repositories the entrance premium
of members and their future assess
nents and annual dues are lodged, thus
avoiding the necessity of individual re-
mttances TO st. Paul. They also certify
as to the good moral character
plicants, and as to the character
and standing Of the examining
physician. From its operation thus
through the banks of the country arises
its corporate name. The association
transacts il general life insurance bust
ness. The membership is not confined
To bankers. Policies ale not issued to
women. Doubtful and hazardous risks
are avoided. The association does not
offer ''endOWments or undertake to
furnish any insurance at less than cost.
1T appeals to that large class of business
and professional men who have
some knowledge of the cost of
insurance, and are willing TO associate
themselves together in the creation of a
fund for their mutual protection. The
system must not be confouHded with
what is known rs the cooperative as
sessment plan" nor with the system
operated by the various fraternity or
secret societies. Nor is it similar TO
the ''old-linc" or ''level-premiun
SYSTEM" in which policy holders
derive only slight pecuniary ben
eft from the steadily increasing
reserve. This association presents to
the public a plan of life insurance
known as the Guaranty Reserve Fund
System" 1t is the perfection of mii-
tual insurance. Unmixed with bank
ing or investment features. it is as safe
as law, science and government Secu-
rity can make it, The association has
the largest reserve fund. in proportion
To its membership, of any company or
association on the assessment plan in
either Europe OIL America.
The officers Of the Bankers Life aSso-
citation are: Russell r. Dorr. president;
Gen j. Il. Sanborn. vice president;
Douglas Putnam. secretary G. Ii. Bige-
low, treasurer. President Dorr rams
among the most prominent meE OF %
city, taking d most active part III All
St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1891-08-10
Is AWAY UP.

In Fire Insurance This State
Ranks the Most Important in
the United States.
St Paul and Minnesota now rank
among the most important insurance
fields in the United States. as is evil
denced by the large lists of companies
that are at the present time authorized
to transact business in the state. The
increase in amount of risks written in
1880 over 1889 was S36, SOL ,339, while the
excess in losses incurred over 1889 was
only S45, 49A53. The continued rapid
development of the state yearly adds to
the large amount Of insurable property,
and. by the stringent building laws en-
acted in nearly all the larger cities,
" hich provide that every possible safe
guard be madC against the occurrence
of fire in the erection of buildings. tends
10 decrease the annual fire waste in no
small degree III proportion to the in
creased amount OF inSuTable property
Tie business of the fire ANA marine
companies in the state for the last nine
teen wears Is as follows:
St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1891-08-10
MUTUAL BENEFIT LIFE.
Its Operations Safely Controlled
by Policy Holders.

Edward SeaIy is the local agent for
the Mutual Benefit Life insurance com
pany, OF Newark, \. J. Mr.. Sealy
comes from the tight little isle; he was
born in SomersetshIre, England. in 1925,
and first came to st. Paul in 1879. For
twenty-five years Mr. Seaiy was hat
manufacturer at Newark, n L., with
SaleSrOOmS in New York. He mas been
fourteen years engaged in the insurance
business, and few men are better posted
therein. Mr.. Sealy was at one time
state agent for the Mutual Benefit Life.
but five years ago he took charge Ot the
local agency. Mr.. Sheperd of Mime
apOliS, taking up the state agency. The
Mutual Benefit Life was incorporated
i'll 1915, and is purely mutual
company; the policy holders are the
sole controllers of its stock and its opera
tiOns; they take the place of stOckhold
erS in other companies. The Mutual
Benefit Life is among the largest COM
DanieS of the country. 1t issues an I'M
fOrfetable unconditional policy. The
reserves are secured to the policy hold
ers beyond possibility of loss, there
being no eOnfiScation if not called for
within six months, and in the case of
the lapse of policies the reserve goes
into extended time of the insurance for
the full amount of the policy. working
automatically, not waiting for a clerk
to enter 1t in the books, or to be called
for by the insured. A premium falling
due on a given day. on or before IL
O'Clock. and not paid one minute after
y o'clock. the insured is Oh extended
time, so that should he then meet with
an accident or lose his life, ne is ON eX-
tended time and insured for the amount
of his policy.
St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1891-08-10
FOUR COMPANIES
Faithfully Represented by James
O'Mearl X Bro.


O'Meara X Bro.
What James O'Meara Ond his brother.
Charles. do not know about ST. Paul is
not worth knowing, as they first took
up their residence in the city in lSj6,
and. more Or less. have been Identified
with it ever since. Both gentlemen
were born in New York; Charles in
1S4S; James i'll 1851. Charles O'Meara
commenced the insurance business four
teen years ago. prior TO which he was
for four years interested i'll general
merchandise. James O'Meara was
twelve years resident of Hen
derSon. merchandise and insurance
occupying his attention. james o. Meara
Il Bro. is the title of the firm, aud
the companies they represent are: Con-
tinental Insurance company, New York;
Standard Insurance company, Missouri;
Western Home Insurance company,
Iowa; German Insurance company, ST.
Paul. The firm is strong and reliable
one. Both members of the firm are
we'll liked. and the companies repre-
scented have an exceptional high stand
ing. The business has constantly grown
under the careful and IudiciOuS man
agement of this firm. Mr.. James
O'Meara married. 1873. Miss B. Cunning
ham. of Sibey county. and Mr.. Charles
OMeara married, 1871, Miss Nc Mdhon,
of st. Paul.
St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1891-08-10
GEHAN BROS.
Are Doing a Growing and Lucra.
tive Insurance Business.

tive insurance BUSINESS
1t is over eight years since the firm OF
Gehan Bros. was established. Prior to
their embarkatiOn in insurance and
loans, Messrs. Gehan conducted a
profitable grocery and provision
business on Jackson street, near
the Manitoba railway car shops.
Thomas GehaH was born in this city
thrty-two years ago, while the elder
brother. John, the well known alder
man from the Seventh ward, is prod
uct OF the land of fine women, good
whisky and fast overwhelmingly
where he first saw the rays of light
thIrty-Six years ago. The business rep
resented by Gehan Bros. is prosperous
in every detail, as every enterprise is
bound to be which is characterized by
energy and perseverance. Thomas
Gehan is city gas lamp inspector, and
John, in addition to- his other multi
furious engagements, has recently been
appointed director of the Catholic choir.
Few men are better or more favorably
known i'll st. Paul than the Gehan Bros.
They are both able men. Aid. John
Gehan is one Of the strongest men in
the city council, and his popularity IS
such that, so far rs the representation
of the Seventh ward is concerned, no
man can stand against him. He is
fearless representative; man of the
people.
St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1891-08-10
MILLER IL HILLMAN.
A Young but a Very Vigorous.
Loan and Insurance Firm

Conrad W. Miller and Hermann Il.
Hiilman entered into partnership in
March this year, and the business done
by them has been the most dattering.
Conrad w. Miller is known in every
ward of the CITY. and is regarded
among the most substantial citizens.
lie was born in Milwaukee, 1850,
aud located in ST. Paul in
1878. He was for many years
connected with the wholesale saddlery
firm of Schmidt & Miller, on Sibley
street. Hermann II. Hillman has been
resident OF The city since 1882; he was
born AT Bremen, Germany, thirty-three
years ago. Prior to his partnership
with Mr.. Miller, he was interested in
tile real estate and loan business. He
is man OF recognized ability.
MesSrs. Miller " Hillmann conduct
general fire insurance and loan busi-
ness, and represent the following we'll
known companies: Scottish Union and
National. of Edinburgh. Scotland; Lion,
of London. England; Glens Falls, of
Glens FalIs.'N. Y. These companies
are second to none, having millions of
capital and cash surplus. They are old
aud tried companies.
St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1891-08-10

n Comparison Showing the Con-
tinued Growth of Fire Insur-
ance.
Comparisons are always interesting.
and deeply showed when thereby we
find the prosperity OF the people Is indi-
Gated. Insurance. like everything else.
IS affected by the trend OF trade. If
trade be good. the volume OF insurance
will be so much increased. Il is very
gratifying. therefore. to find that 4 most
satisfactory showing is made by this
state id the business done by Ere inSur-
arces during 1879 when compared with
1889. The total number of companies
authorized to do business in this state
was 10 in 1889 and l5S IN 1890. OF these
there were: In 1852, Minnesota COM
panies. al companies from other states
and % foreign companies. In 1890. Z
Minnesota companies. 100 companies
from other states and 81 foreign COM
St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1891-08-10
STaIANIGAL ISROS.
A Young Firm of Exceptional
Standing.

The McManigal. Bros. are favorably
known for their enterpri5ing spirit.
Both are young business men. &. w.
McManigaI is thirty-six years old; f. r.
MECHANICAL is thirty-four. They are
Ohio men. r. r. McManigal came to
st. Paul in 1882 and was bookkeeper
for Nathan Ford for seven years. The
brothers established their business in
1889, and in addition TO insur-
ancP, they deal extensively IN
real estate and loans. McManigal Bros.
are also agents for the Emery Improve
ment company. of Emery, s. D., a
growing Western town, which offers
great facilities for settlers and investors.
M2Manigal Bros. have been very sue
ceSsful since they started in business.
They are hard workers, and in CONNER
claI circles have an exceptional high
standing. They are energetic, full of
perseverance. able and courteous bust
ness men. Their friends are only limited
by the extent of their acquaintance.
St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1891-08-10
WEED & LAWRENCE,
A Local Firm Doing an Enormous
Yearly Business.


There are few more stable firms in
the city than that of MeSsrs. Weed q
Lawrence. There are few firms in the
city doing larger local insurance bust
ness. James H. Weed and j. j. Law
renee are botn favorably known among
nsur an &c men. Their experience has
been very extensive, and after long
business career in the city, MeSSrS
Weed II Lawrence occupy an enviaDle
position as straightforward and honora-
BILE men. They represent some of the
best insurance companies, local and for
eign, that operate in this state, and the
business they accomplish each year is
of the most hattering character. MeSsrs.
Weed Il Lawrence also run town
agency OH improved property. Their
office is located at l67 East Third street.
St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1891-08-10
STARTED IN WELL.
Mr.. T. +. Ford, of tbe Travellers
Insurance Company.

The state agent for the travellers In
surance company, Of Hartford. Conn. is
F. i. Ford-in fact not only Tor Mime
sota but North and South Dakota. Mr..
Ford's acquaintance with St. Paul COM
meDced last year. He was born at Can
anoque, Can. s62. Mr.. Ford was for
two years principal of Kichheld Union
Free school, subsequently teaching
mathematics and elocution at
Franklin academy. Malone, n.
Y. He also taught in the
Columbia grammar school, New York
St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1891-08-10
THE PENN MUTUAL
Ably Represented in st. Paul and
Minnesota by Mr.. Badly.


Minnesota by Mr.. Badly.
The general agent of the Penn Mu-
tual Life Insurance company, of Phil
adeIphia. is Peter Badly, OF Room 100,
Globe building. Mir. Badly has been
connected with this company upwards
of twenty-five years. he was born at
Danville. Pa, in 1880. and. prior to
engaging in insurance, for many years
was merchant in his native place.
MI. Badly came to St. Paul in 1884. and.
In the capacity of general agent for
the Penn Mutual. has greatly in
creased both the business and
reputation in Minnesota of this
well and favorably known company.
A glance at the balance sheet of the or
sanitation, showing assets Sl6.000.0 900,
VIII give some idea of its importance
and magnitude. As its title indicates
this company is IA purely mutual COM
pany conducted by members for mem
OerS 1t was organized in lS47 at Phil
adelDhia, ana has nearly attained the
hrst hall century OF its growth. A con-
splcuOuS feature of the Penn. Mu-
tuais contract is that in case of non
payment OF premium the policy is kept
IN force for its original amount for as
many years and days as the reserve
will carry til same, thus securing
to its policy holders all the
rights and equities to which they are
honestly entitled. Another important
feature in its contract is that it agrees
to loan to the policy holder, at G per
interest, 60 per cent of its policy re-
serve. This company is conservative
and safe. 1t limits its risks, and does
not write more than $4,000 on any one
life.
The Penn Mutual loans largely on
property in the cities of st. Paul, Miu-
neapolis and Duluth, large proportion
of its assets being loaned in the state,
Mr.. Badly is we'll and favOrabiy
known among insurance men. He is d
very active man. and of indomitable
energy.
St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1891-08-10

Mr.. Ford has been four years IN the In
surance business. Since he assumed
the local management of the Travellers.
The accident business In this state has
Increased 80 per cent and the life busi-
ness has also been considerably In
creased. MIR. Ford studied law with ex-
Senator John T. Gilbert. of Malone, n.
Y. He is an accomplished gentleman
and we'll liked among the insurance
men. Charles Webb is the city agent
OF this company, He has had an ex
perence OF thirteen years; was cashier
Of Bank of Preston and associated with
Judge H. 4. Wells for fifteen years.
St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1891-08-10
IN THE FIFTIES,
When Mr.. constants First Struck
st. Paul.

Il B. Constans conducts general in
surance and loan business. He has a
very wide connection. and the insurance
companies he represents are:
Organ
lied. Assets
Springfield Fire aud Marine,
MASSACHUSETTS .......fSi9 s3,nOas2
County of Philadelphia, PhiIa-
delphia, Pa ... ...-.... 1872 555594
State of Pennsylvania, Phla
delphia. Pa 1904 u.s. AZ
German-Am New York 1872 5.544,346
ST. Paul German Accident
plate GIaSS)-..-........ - -. ........-
Williamsburgh City, New York 1853 i.3933ll
Mr. ConStans WAS born in AIsace,
France. ls40; came to st. Paul in 1854.
He has been engaged in various bust
ness. and has not resided ali the years
he has been in Minnesota in this city,
for in 1850 he was mayor of New Ulm,
and has flied the position of auditor in
Brown county. Mr.. ConStans was also
cashier of Brown County bank. He has
been six years engaged in the insurance
business.
St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1891-08-10

en- Historical Resume of the Establishment of the Insurance
System and the Earliest Companies Solicit
ing for Business.
St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1891-08-10

In the absence of detailed items Illus
trative of the business in Minnesota. an
approximation of tho general results i'm
this state may be seen in the following
statement. showing the gross premiums
collected 10y companies from other states
operating in this state for three years
ending with 1870:
Isis. 1859. 1870.
Fire insUr-
auce SJ9i. 9jI 81 SI17S5 S SEQ is %
Life nsnr-
ance 80. 2s5.36O o. 353,4lS Il 433,0I4 50
Totals S677.3l2 IS S77I,a 20 OF SSs3.473 81
Great as was the Increase business
done in the decade CLOSING l il is
nothing when compared with suli later
figures. Take fire insurance.
St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1891-08-10
N TWO DECADES.

The Business of the Life Societies
Grows Out of Sight.
For nineteen years ending 1890 the
total number of lffe policies Issued in
St. Paul and the state were $500, COW
ering insurance to the amount OF Sl47,-
464.GI7. The policies issued each wear
and amount insured were:
St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1891-08-10

Pen Pictures OF Insurance Men Who Have Attained TO High
and Honorable Positions by Their Strict
Attention to Work
St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1891-08-10

n the United Life Insurance Has Attained Greater
Importance in Financial Circles Than in
Any Other Country.
St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1891-08-10

From Nothing the Insurance Business Has Grown to
Such Proportions That Minnesota Stands
Almost Unequaled
St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1891-08-10

Rdies OF
LiabilIties
No. and rs Is
Yr Cos. Assets Liabilities. per cent.
1850 - SD pa. CD l5 Sa07. 4l5 u 40
1870 % 2S,.5l4. iJ7 81 3,376,I 3l - $50
The number and standing of the com
panies doing fire busines during the
four years ending with the close of 1870
will be seen to some extent III the fol
lowing exhibit:
St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1891-08-10

There Were at the Period 1857 Life Policies in
Force the Liability Represented Aggre-
eating S63, $780, 43
St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1891-08-10

at the date last named. a comparison of
the number and capacities OF The fire
companies operating in Minnesota at
the dates named IS afforded III the fol-
lowing statement;
St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1891-08-10
BETWEEN SO AND 90.

Toials. -2.72l.s9la15 -3a.Jll. 26? nIel.f37e55 a
St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1891-08-10

Outstanding Fire Risks the State at the End of 1890
Figure Up to the Magnificent Total Of
St5,701,5O6 S7375.