The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1895-12-02
INSURANCE NEWS AND NOTES.

4
| organizing in Philadelphia. with 500, 900 cap
| ital and $4,000 surplus, is to be the Phiia
| delphia Mercantile Fire.
| Robert w. Evans. a well-known brewer
| of Hudson, " r. has just taken out $4,000
| insurance in the Mutual Life OF New York.
! Mr.. Evans is thirty years of age
On the week ending Nov. Is the Mutual
Life Insurance Company. of New York, had
paid. since organizations, to Its policy holders
IN death claims sl6S, S3ol2, and in endow-
| ments S6.416CSi.
| sachusetts, has taken steps to have the af-
| fairs OF ten weak fraternal societies Of that
State wound up. in accordance with the en-
powering act or this year
The Wisconsin Insurance Commissioner
has refused admission to that State to the
Assurance >uoyds, Of New York, on the
requirements OF the insurance laws of Wis
! consin.
The business of the Mercantile Mutual, of
| the New Jersey State Fire Association, and
the name of the Mercantile Mutual is to
be changed to the Iron and Steel Manu-
! The New York Insurance Department has
refused a corporation certificate to the New
York Manufacturers Mutual Fire Insurance
report of department examiners that the
capital stock notes were not made in ac-
cordance with law.
tual Fire Insurance Company, of New York,
| by the Ohio Insurance Department has been
mace puDme by N = len 1z H a Inc
| ing paid capital stock of 1913 ,657 % and net
surplus of 1893. s23. So. The report is favor
able to the company.
The loss by the big fire in the manufac-
| turing district of Canal street, Chicago. a
| few days ago, and by which the lives OF
focts de wsr which
| the insurance is 5000 No water could be
thrown above the fifth floor of the eight
| stories OF the Excelsior Building, the prin-
| cpal structure destroyed.
| The stockholders of the Peoples Life In
| surance Company. or New York. recently
| 20 start in business. The company received
/ its certificates Of Incorporation in August
| last, but It's proposed plan OF insurance was
| severely criticised and finally abandoned.
| Subsequent efforts to agree upon some form
of ordinary life policy met with no success.
The census of 1890 shows that the United
States contains 1865, 600 farmers, the aggre-
gate value Of whose farms. cattle and i'm
plements summed up $685., Co., 600. giving
to each an average fortune of ss.5o5. The
ty-two level premium companies reporting
| to the New York Insurance Department is
,s and y Is 81 SAFE sb to say that not more
| lives of farmers.
superintendent Waddill. OF the Missouri
Insurance Department, will not re-
| new the certificates of Prussian insurance
| companies to do business in that State
next February A New Haven dispatch says
that Insurance Commissioner Belts, of Con-
necticut, will not act In the direction of
retaliation against Prussian insurance COM
panies. and will only require them to con-
! form to the State laws bearing upon all for
eign companies doing business IN the State.
Gen. B. r. Tracy. president. and Charles
:, Fairchild. treasurer. OF the United States
nature denied that he has resigned from the
company. or has any thought of taking such
a step. The. communication ADDS that
/ that these gentlemen are not now connected
with the big casualty company; whose sue
cess since It's recent reorganization; Messrs
| yond their expectations.
The Wisconsin Life Insurance Agents As
| ISOLATION has adopted resolutions approving
| of the anti-rebate movement of the life In
| surance companies. and also the following:
| THAT this association is of the opinion
ali life insurance companies should make f
| condition in all applications for and poll
| cies of insurance that the premium, as set
in full and that the failure to do so by
the assured would make the policy contract
null and void.
Commissioner of Public Works by Mayor
| Strong of New York, in place Of William
Brookfeld, resigned. to take effect Dec l.
| Equitable Life Assurance Society. He was
born in Ireland. settled in Philadelphia with
and came to New York twelve Years ago
| After young Coils arrived on these shores
his mother and his eight brothers and sis
| Chicago, and all persisted by the laundering
| of that vessel in midocean.
The trial Of Louis Gordon, accused of hav-
ing hired East Side firebugs to burn his
| shirt factory at No. y Walker street New
| York. on July "a. 1894. began in the Court
! of General Sessions there on Monday The
| developments promise TO he OF the most
| sensa tionai character. After the fire Cor
| don transferred $4,000 of insurance policies
| 10 the dry-goods house OF H. B. Clafln
| Co.. in payment of debt to tina. firm
| Two members OF the firebux gang
| Adolph Hirschkopf and Meyer Dietchek
! were committed 10 the Tombs without bail
| on the same day Gordon was arraigned on
| a charge of arson and murder.
AT a meeting of the associated cycling
clubs OF Chicago committee on Insurance
| reported that IL has received proposif' on
| from life insurance company to the effect
| that. if the association would turn in list
OF members from. whom 1900 policies of
| $1,000 each could be secured by the COM
pany. the latter would build the associa-
ton fifteen thousand-doll clubhouse or
| a bicycle track with clubhouse to cost
$4,000 or pay into the associations treas
! ury $40 for each life insurance policy; the
last proposition TO also. hold good on any
number OF policies secured. from one up TO
| LOO The name OF the company was not
reported.