The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1896-05-25
INSURANCE NEWS AND NOTES.

An Iowa postmaster rises to say this about
life insurance: Life insurance. like the
swi.fdle. humbug and daylight gambling,
same as pew rent or lotteries"
At meeting of the directors of the North
British and Mercantile, held April "a, the re-
Zoo e1 and net fire losses Of sssss u o.
The Fidelity Mutual Life Insurance Com
pany will make demand through the courts
upon the city of Philadelphia for money ex-
pended by the company In securing the ar
rest and conviction Of II. III. Holmes for the
murder Of Pitezel
The State insurance department of Mime
sofa will soon. pay to the city of st. Paul
81, $780, and to the city Of Minneapolis $500, TO
be credited to fire department funds under
the retaliatory tax enforced upon Wisconsin
companies doing business in that State.
A local compact by liability underwriters
has been organized at Philadelphia. The off,
ers' Liability chairman; Thomas B. Sims. Of
the Standard, vice chairman: 5. II. Pool, of
the Fidelity and Casualty, secretary and
treasurer.
The Boston Board of Liability Under
writer's has been organized by the election
of s. F. woodman, president; C. w. Holden,
vice president; w. A. Carleton, secretary;
D. W. Bennett and ii. Coolidge, executive
committee.
George W. Wensley, superintendent OF
agencies Of the Norwich Union. has been APP
|
its Eastern and Southern department. His
headquarters will be In New York city,
where he will organize working force &c
begin operations about June !.
Dan winslow, assistant manager of the
North British and Mercantile Insurance
Company. has resigned and accepted the DO
sition OF deputy manager of the Assurance
that he will be associated in an Official ca
pacity with the National Standard.
In the matter of the ,2-per-cent tax on
premiums required by the Missouri insur-
ance department of assessment life insur-
ance associations. the Circuit Court at st.
Louis, in the case OF. the Northwestern Ma
sonic AID, praying for an Injunction, has
now goes TO the State Supreme Court.
The. Boston police have arrested William
II Daley. aged twenty. and William T.
charged with incendiarism. The BOYS con.
fessed to setting more, than fifty fires in
Cambridge and somerville. causing loss OF
nearly s2,000,0O0. They were held in $1,000
bail on each charge. Their method was 10
throw a lighted candle into a building ana
escape on bicycles.
The Old Colony Mutual Insurance Com
pany of Boston, one of the recent mercantile
mutuals, has voted to call on its members
for an assessment OF one and half prem
iums. Frequent losses and dull business o.
gent assets The company was incorpo-
rated in 1894. and at the end of 1895 had abou,
A075,0O0 at risk, the premiums thereon being
a
$is,4S5 and liabilities $H,02S.
The thirteenth annual banquet OF the Ma.
tional Board of Fire Underwriters was held
on Thursday evening. The following officer.
were elected: President, VIM. b. Clark. OF
Hartford: vice president, Henry w Eaton
OF New York; secretary. r. B. Beath, Phil
adalphfa: treasurer. r. W. Arnold Provi
dence: For vacancies executive commit.
tee, for three years: Charles SewaH New
York: Charles S. HollIngshead Philadelphia
and Charles B. Whiting. Hartford
Joseph A. Huh. promoter OF the Universal
Mutual Fire Insurance Company, which an.
piled at Harrisburg for charter last be.
cenfber, pleaded guilty of perjury in Phil.
adelphia court, and the Judge reserved sen.
| tence. In his affidavit 10 tae deoartmsn
| Hull swore that 10000 of insurance ha,
been applied for by actual owners OF prop
| erty TO be insured. and that the applicant.
| had obligated themselves to take out the in
| surance- Commissioners Lambert invests
/ gated and found the statements in Hulls af
| fidavit TO be false. As the prosecution wa.
| the first of its kind, the judge held the mai
| ter OF sentence for consideration.