The Indianapolis journal., 1893-07-22
INSURANCE NEWS AND NOTES.
The total losees Of the companies in tn,
Fargo fire aggregated 81. .275. .O0O.

Inc total iosees OF the companies In the
Fargo tire aggregated Sl,275.O00
w. ID. Little. of Portland. Me-. who has
represented the Mutual Life In Maine since
lS4S. the year the company was organized.
Is dead at the age of eighty-six years.
An action has been entered against the
New York Life by Mrs. Fannie Craveus,
who seeks to recover $4,000 of insurance
refused to acknowledge the claim for the
reason that the last premium had not been
paid.
At it's recent session the Michigan LeQis-
lAture passed an act making IL an Offense
punishable by fine and imprisonment for
any agent or officer of any life insurance
company doing business In that State to
make discrimination between white and
o0lored persons in the matter of premiums
or rates charged.
Insurance Commissioner Snider. of Kan
eas. Is makiug crusade against under
ground operators in that State. He says
Eastern wildcat fire companies send their
agents into the country districts and offer
insurance at discount Of % per cent. and
thus catch the farmers. The agents avoid
the larger cities and towns. because their
fraudulent work would be detected.
Steps have been taken in the courts of
North Dakota TO appoint receiver for the
purpose OF winding up the affairs of the
The deficiency In the assets of the CON-
pany arose from the failure OF the Fargo
and Dakota National Banks. both of which
are owned by Ashley Mears. The capital
of which 100000 was paid IN. and the COM
pany included as assets $4,000 worth of
stocks of the banks owned by Mears.
The clerical error" in the corporation
law of Kentucky. supposed to have been
made by the engr0ssing clerk. and also sup
posed To eventually result In the with
drawal of all the life com mpanies from the
State. was really due TO the com mpositor and
prOOfreader the first of whom omitted,
and the other failed to restore the word
such" before companies" as it Is 60 be
found In the engrOssed bill. The letter is q
literal COPY of the Massachusetts non-for-
feiture law 1t was intended to be. The
law does not apply to other State COM
panies.
In declining to call an extra session Of
the Tennessee Legislature to amend the
corporation tax law as desired by the fire
insurance interest. Governor TurDey calls
attention to the fact that the Legislature
was dealing alone with foreign corpora
tlons. and had no referepce W hatever to do
mestlc corporations. He added: The re-
striction was purposely used. There ia
nothing in the law authorizing taxation
upon property not In the State and subject
to it's Jurisdiction. The State has no right
to go bey ond its borders and place tax
upon property. Companies that Iile their
charters and comply with the law may
withdraw at any time without condition."
new form of casualty policy has just
been issued for the benefit OF persons living
IL the suburbs. 1t Is called the commuters'
policy and provides indemnity for injuries
sustained while travelling in q convey ance
using steam electricity or cable as a mo-
tive power, occurring through derailment,
collision. explosion or any other cause.
IL also covers Injuries Occasloned by the
sudden starting or stopping of the convey
ance cuts from window OF chimney glass,
scalds and burns from steam pipes, stoves
q n a IN md m aud and n nant-
dents which happen while travelling in
cars or boats The cost of the policy is
S20 per anDmm. It's benefits are $4,000 for
accidental dea tn and $50 per week for total
disabling injuries.
Ascher Weinstein. q wealthy real-estate
dealer, living In New York city. leaped
overheard from the CuDard steamship Um-
bria on Friday the day before the steamer
reached Queenstown. There ls no question
that Weinstein deliberately committed sui
eide. hut his reason for doing 40 is a mys-
terry, as he was wealthy. had no business
trout bles. and had wife and five interest
ing children TO whom he was devoteoly at
tsched who are now spending the summer
at Long Branch. The news of his death
overw helmed them with grief. The singu-
lar part OF this story OF the sea centeIs
around the fact that before he took his fa-
| tai leap Weinstein carefully placed SIS. 900
| in gold, checks and jewelry IN his pockets.
He told fellow passenger on the steamer
that he had $4,000 insurance on bis liie.
The companies which have been victim
| lied by prisoner Meyer and his accomplices
are the Washington, New York and Mutual
| Life insurance companies 1t Rppears
| that in the case of Baum the Washington
and Mutual paid the policies. the latter
| company limiting at the time that ir would
make an investigation into the facts OF The
| death. Another individual. named Jacob
WINNERS, Is implicated in the conspiracy
| and has fed. but the authorities feel con-
| fident of his apprehension. ALI the persons
implicated In the Wholesale tragedy
| victims and slayers appear TO be Germans
| Those persons who are apt to believe
| that all tho detective acumen
| is usually concealed behind brass
/ buttons and green lamps have for once re-
| ceived q severe shock. While the police o
have been making great display of their
| wonderful saRacity in this matter it now
crops ont that their first knowledge of the
subject was impaired to them last Thurs
day, when Coroner Schultze applied TO
Chief Detective Mclaughlin for warra ts
! for the arrest of Meyer. his wife and VIM
mers. This was the result of a painstaking q
Investigation which had been going on for
n year by Manager Gillette. of the Mutual.
TO whom the sole credit Is due for having
run these criminals TO ear!b. The evidence
against the accused is said to be conclus-
i've.