The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1895-10-07
INSURANCE. NEWS AND NOTES.

INSURANCE NEWS AND NOTES.
writer's Association OF New York is under
going reorganization.
John NJ Cobb has been appointed special
agent OF the London Guarantee and Accl-
born, general agent for Indiana and Ken
lucky.
Insurance superintendent Hahn, of Ohio,
has advised Local Board Commission No. 1.
OF the Union, to disband, so far as Cincin-
natl is concerned, as a suit against 1t does
not comply with his ruling.
The Mutual Reserve Fund Life Associa-
ton Of New York has withdrawn from the
eoheest reisssng y the Gam OIL TTeaesica (
have committed suicide last November, and
has paid the full insurance on his life. the
policy being for $4,000. The insurance COM
panies which held large policies on Mr..
Bakers life have now all withdrawn the al
legation of suicide and paid the amounts
for which he was insured.
The president of a prominent New York
life insurance company recently remarked
that the character of q c~oTpany's repre-
sentatives largely determined the character
of that Offices business. He saw that an
agent could not work among a class of
men higher than himself socially-he could
reach down, but not up. He added that the
quality of the risks and their persistency
as premium payers have notably advanced
with the improvement in social, moral ana
financial standing of the agents.
From investigation made under the direc-
ton OF the Institute of Actuaries il Is
shown that out of one hundred marriages
eighty-three We're fruitful the first year,
ninety-one or ninety-two within the first
three years. and at least ninety-six within
the first five years. In the discussion which
these figures occasioned IL appears that Mr..
Francis Cation had compared the mar
riages OF one hundred heiresses with the
same number of dowerless women. and
found that the former bore 20S and the lat
ter 36 boys.
John ID. Jones, the venerable president
OF the Atlantic Mutual (marine) Insurance
Company. OF New York, died near Mas
New York a lad and obtained a clerkship
in the Office of the Marine Insurance Com
pany. In 1885 he became secretary of the
old Merchants Marine Insurance Com
pany. and later was connected with the
Atlantic Mutual, of which he was elected
president forty-one years ago. He was
eighty-one years old at his death, and
leaves a large fortune.
TIL first policy of the Norwood Fire In
surance company of New York. was issued
on Sept: Fl. George S. Porter is its presi-
Andrew J. Armstrong secretary and ]. Jay
NeStell secretary of local department. The
company will write lines of $4,000 on stor-
age risks, $4,000 on sprinkled risks and
5000 on unsprinkled risks. 1t has reinsured
the business OF the Washington Lloyds.
Agencies have already been established in
nearly all of the prominent cities. The
Norwood's capital is $500. 900. 1t has fled
an application for admission to Massa-
chusetts.
James IngersolI Day. lwho was for twen-
ty years president of the Sun Mutual
Insurance Company, of New Orleans. and
resigned two years ago. died at New Lon
don. Conn.,, a few days ago, aged eighty
one years. He went to New Orleans from
the North when a youth and amassed a
fortune there in the hardwa business.
Removing to New York in 1856, he be-
came largely interested in railroad and
Stea mhO7t pQtornrieQS and Qsfa hlicbod the
N-arragansett Steamship Company. He re-
turned to New Orleans after the war and
again became identified with large inter-
ests there. He was the predecessor of the
late Leonard M. Finley as president Of the
Sun Mutual.
In response to his letter of Sept. 4 upon
Life insurance Commissioners Merrill. Of
Massachusetts,, has received replies from
nearly all Of the companies transacting
business In Massachusetts, A very large
majority of these responses indicate that
the companies are in thorough accord with
the commissioner and DESTROYS of joining
In the suggested plan for the purpose OF
suppresSing the practice. Up to last Thurs
day the commissioner had received the I'M
conditional assent Of twenty-one Of the
ten on account of the absence of officers,
three had failed to reply, and one had
dissented from the plan.
The Northwestern Masonic Aid Associa-
,tion, an assessment concern, has put forth
an appeal TO It's members in these words:
To meet an increasing death rate without
increasing the assessment we have been
using as much OF the general fund expense
money! as could be spared without reduc-
ing the fund. There has been transferred
from the general to the mortuary FUND and
used In the payment of death claims during
the past three years over half a million
dollars. The death rate having still further
increased this year. we now find it impossi-
without reducing that fund, which must not
be done. An Increase in the assessments
is therefore found to be unavoidable. The
board of trustees have sought to make this
assessment equitable and fair toward all,
and it is no higher than it is necessary to
make IL. The members of all sections Of
the country are treated alike, according to
eye and contract The management cannot
promise that the assessment will be less in
the future. The amount called for is no
mRee ' Me take we 0n info eon sERses 90 p aSe a e%1
ceedingly cheap insurance which we have
had In years gone by. the average is very
ALL"
the world do men live their lives as rap
idly as in the United States. The prosperi-
tthhrensh the development of the vast natnr,
al resources of the Western continent, have
been potential factors in driving the human
wise than in total collapse or death. One
Of the most serious phases of this abnormal
activity of both mind and body is the in
crease in the number of cases of paresis.
DR.. T.. s. Clouston. superintendent of the
Morningside Asylum of Scotland, says:
That malady may be described as a
breakdown of the great center Of mind and
motion in the brain; 1T always goes from
bad TO worse till 1t renders its victim utter
~ helpless in mind and body. and kills him
mitigation, of this latter-day curse has vet
been devised. 1t is a disease of cities, of
restless lives. of active brains in their prime
of life at high pressure commonly" In
the State of New York alone. more than
four per cent. of the cases committed to
insane asylums are suffering from general
paresis. The increase In the number of
those who are suffering from this distress
ing disease should serve as a warning to
men who are figuratively burning the can
die at both ends in the mad race to &C.
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