Omaha daily bee., 1894-02-25

of Chicago will make the occasion a memoir
able one in the history of Chicago hospi-
tally.
A woman's department has been estab-
lished by the Northern Masonic Aid, which
will issue certificates to women without ex-
ira cost.
The Orden Germanit, a fraternal bene.
iciary association OF New York, has exper-
fenced such a high death rate. that it Is
considering the ACCESSIBILITY of retiring.
The Metropolitan and Prudential are both
issuing the regular industrial policy on adult
lives in one-third immediate benefit. This
move Is likely to attract to them a fine class
of men and business.
Texas underwriters now that the supreme
court has recognized their right to COM
bine, intend to organize a system of inspec-
ton and will raise rates on buildings % cents
to cover the expense. They have adopted
the mercantile schedule.
The Denver Association Of Life under
writer's officers for 1894 are: President. Ira
b. Jackson; vice presidents, Oliver Williams
and John IL. lStearnsI secretary, A. g..
Liverman; treasurer, Joseph H.. Harrison;
executive committee, G. A. Newkirk, John
j. Wyatt. j. f. Mcfarland, E.. c.. Gilman
and j. p. Cullom.
The industrial insurance companies of the
United States issued in 1893 over $500, 900
policies, representing about 1926, 900, 900 OF
insurance. They have industrial policies in
force numbering some $780, 900 for upwards
of sos, 900, 900. They received In premiums
during the year about $2S. 600, 900, and paid
in losses $40, 900, 900.
The Manhattan Life has issued the follow
ing statement: Insurance in 1893, total, $17,-
$40, pos; assets January l of present year,
| $13, 1874, 766. 40; payments TO policy holders.
| 81, 1877, 029.77; liabilities, $12, 699, 800 80; sur
plus. 81, 03i, 1911 assurances on January
of present year, $64, 29i,470; total payments
to policy holders, $35. 200, 600.
M VI DarIra, I 10, a,,,, n,,.- "A
Lincoln, organized in 1887 with a capital
stock of 500, 900, is making sure progress
under the management OF w. G. Wilson,
its secretary. In 1893 it received In pre-
NUNS about $44, 800, paid to policy holders
$l4, 900, and materially increased its assets
and surplus. the former amounting to $177,-
106, and the latter being $500, 405.
The Ohio senate committee on insurance
has recommended for passage Ohio's bill,
which requires life Insurance companies to
maintain in each county IN which they do
business an agency to receive premiums.
Also Eckley's bill providing that foreign
insurance companies required to deposit Sc
c]urities with the Insurance department may
deposit county and municipal bonds as we'll
as state and government bonds,
The old scheme Of a board of brokers or
ganized upon a close corporation basis with
power to discipline its own members. and
20 be recognized by the companies in tho
granting of preferential commission, is res
ttlNllB ItlItNtl dl'tlINbl HlllOllB lnt DIbheIS.
Like many other schemes for Improvement,
1t is favored by a large number Of com,
panies, but it is not likely to be adopted be,
cause the opposition is Just about sufficient
to kill II.
About every branch of insurance In these
days seems to make It a fashion OF being In
an unsettled state. Life insurance Is torn
by dissensions, fire insurance Is in "A state
Of chaos, accident companies say there Is no
money in the business, plate glass authori-
ties want to get higher rates, and we have
known for some time that surety insurance
might be In better condition. II Is alleged
by those engaged in this latter branch that
the rates have been so seriously cut during
the past few years that there Is practically
no margin OF profit left AT the present time.
A point Of much interest to industrial cons
panies was recently decided by the suprems
court OF Michigan in the case Of Mallory
against Metropolitan Life Insurance CONS
pany. The plaintiff testified that on one oc,
casion she met the superintendent at a
time when premiums were due, and he told
her to bring the receipt book 10 the Office and
II would be all right. Al one time the pre-
miums were six weeks In arrears, but they
were accepted without formality as 10 re-
yival. The attempt 10 use this as n prece,
dent to show that the superintendent had
power to waive the terms Of the policy cOn'
tract was futile. the circuit and supreme
courts alike ruling that the superintendent,
was not vested with this power.