The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1896-10-05
INSURANCE NEWS AND NOTES.

Manager Muethke. of the Magdeburg Fire In
| surance Company. viii arrive in the United
States the present week.
d. S. Hendrick, president of the Life Under
writer's Association of the District of Columbia,
for president Of the National Association of Life
Underwriters
1t is understood in New York insurance circles
by 12.513 correspondents of one of the New York
life insurance companies plainly indicates that
Bryan viii be defeated in November.
The late ex-Congressman Shellabarger. of
Springfield, O., who died recently, insured his
life Tor 1000 in the Mutual Life in 1854, when he
was thirty-seven years of age. AS a death claim
this policy increased from the amount stated to
by dividends accumulated. The total amount of
dividend additions declared on the policy was
81, 633, of which $3.50 was surrendered to pay
premiums, leaving a balance OF $1,000.
New York daily paper has the following piece
1t, however, lacks the essential of confirmation:
- deal between great financial interests of New
and intending the consolidation of three insur-
ance companies. has fallen down for $4,000.
There was a difference of that amount between
two Of the parties to the threefold contract, and
the obstacle, magnihed by suspicion and aggrand-
lied by pride, proved insurTnountable."
The national convention of insurance commits
sioners, which has been in session at Phila-
delphia. having failed to settle its vexed question
as to the adoption of a rev form Of blank, its
delegates devoted a day to a banquet and sight
seeing as guests of the Philadelphia Life Under
writer's Association. The election of officers re-
suited as follows: James r: Waddill; of Mis-
president. and F. L. Cutting. of Massachusetts,
secretary anu treasurer.
Several policy-holders of the failed United
States Mutual Accident Association object to
paying the assessment which Receiver Henry
Winthrop Gray has levied upon them. They have
retained lawyer c.. L. Caruth, of No. 500 Broad
way. New York, to defend them in the suits
which Mr.. Gray threatens to bring. Mr.. Gray
has issued a circular levying a special assessment
on the former members to pay the death and
accident Losses which were due when the asso-
citation became insolvent. This assessment
said Mr.. Gray, lis made in obedience TO an
order of the court issued last June. l have no
vclition in the matter
Accidents from bicycle riding are so frequent
that accident insurance companies are exercised
over their risks. An insurance paper of New
York recently took pains to collect press reports
of such accidents, with the result that in four
teen days, Aug. 26 to Sept. 9, there were four
persons killed and siXty-three injured, as re-
to get on record. The paper concludes that the
indications are that the bicycle Kills rather more
people every year than the number of passengers
killed by American railroads. When it comes to
injuries. slight or serious, the bicycle leads the
railroads. probably 100 to l.
Y Hartford insurance publication says: 1T
may fairly be considered as settled now that
Speaker Reed is TO be the successor OF ex-Gov-
ernor Russell as referee under the rebate agree
ment of the life insurance companies. We can
hardly conceive of a worse choice for so delicate
and responsible n position, and we congratulate
the Hartford companies on keeping out of the
bad judge, and his decisions will not command
the confidence so necessary in a case where he
is both Judge and jury. His appointment will
result. We do not doubt. in the breakdown of the
Reed viii also probably be Speaker of the next
House. and the mooted legislation on the subject
Of government supervision of the insurance bust
ness is by no means so dead as it may appear.
And in the event of the silver men getting con-
troll a powerful advocate on the floor would prove
TO be q handy thing to have around.