Bismarck weekly tribune. [volume] (Bismarck, Dakota [N.D.]) 1884-1943, 1898-03-11
Some Interesting Life Insurance statis-
tics from the Annual Reports
Of Companies.
Receipts from All Sources During
February are Large, and a
Large Apportionment.
Governors Office Adopts a Rule with
Reference to Reservations Of
Convicts to Citizenship.
Notes at the State Capitol.

Insurance Commissioner Fancher and
the Office force is busy with the ex-
animation of the statements, and getting
them into shape for the printer. They
will be issued to the newspapers for
publication in about five weeks.
| Statistics of the fire insurance COM
panies' business in the state were pub
lished a few days ago, and some inter-
esting additional data is obtained from
the summary of the life insurance com
panies that have filed statements with
the commissioner. There are in all four
teen fixed premium life companies re-
porting to the commissioner. These
r%eceivedin the state last year in premiums
s3s8, 422. SO, and paid out in losses $685.
1875. 35, a profit Of something like $273,-
600. The total number of policy holders
in the fixed premium life companies at
the close of the year was 1887, and the
total amount of insurance in force SILL
998, 1872. The new business written by
these companies in the year 1897 was
1882 policies, carrying insurance of 3d.
129,5O2.
OF the assessment insurance COM
panids reporting, there are eight, and
the premiums received last year were
s553, 2236. 80, with losses paid of $4,000.
The total number of policy holders in
the state at the close of the yearin these
companies was 1892. and the amount of
insurance in force s4,130,83O.5O. The
new business written in the year 1897
was $50 policies carrying a total of 1884,
O3O SO.
The amount received by the ipsur-
ance department from the companies
for the biennial period, with nine months
yet to hear from, is about s54 1000. This
goes to the general fund of the state.
The apportionment of the state tut
ton fund for February was the largest
ever made in the history Of the state, a
total of s225,0O0 being paid by the state
treasurer to the public schools Of the
state. This apportionment arises from
the interest and income Of the perma-
nent school fund, fines and penalties
! imposed through the state, and other
: sources. The state now has approx
mately $685., 900 of the permanent school
5 fund invested in school bonds and other
securities of the kind, and $227,000 cash
in the fund, making a total of about
;, $500, 900 in the permanent school fund
. of the state.
i The receipts of the state from all
I sources during the month of February
i were large, nearly s240000. All bills
i against the state, expense lists of state
institutions and other current expendi
lures are paid up to February l, ano
there are funds to pay accounts up tt
9 March l as soon as all bills shall have
been audited.
The state board of university anc
y school lands at it's meeting this weel
approved sixty more applications fol
& farm loans, averaging perhaps 5000 each
4 making a total Of s35, 900. The boarc
also purchases s25, 0OO.o of bonds Offered
u u by the Bismarck school district at 4 PEI
cent interest. The action OF the boart
in reducing the rate of interest on bond
to that amount has given many schoo
districts an opportunity to refund oil
bonds bearing higher rates of interes
l. at a saving of 2 or 3 per cent a year il
= interest.
/ The receipts Of the Office of the secre
> tary of state for the month of February
g. for filing and recording instruments
issuing charters, ETC., were s894.2i
breaking all previous records OF tn
office for any month since statehood
: Among the new corporations recentl
fled are the following:
~ Bottineau Machinery company, wit
- headquarters at Bottineau, capital stoc
= 1925, GOO. Incorporators, F. w. Cathrt
- w. F. Mcintosh, David Williamson an
: w. H. Mcintosh.
= The Bank of Dresden, Dresden, Cavs
. lier county, capital stock $1,000. II
70 c%orporators, H. j. Haskamp, Henri
!. Then, John Gerding.
AS Fremont Mining and Milling con
pany, Fargo, capital stock 100000. II
corporators, H. s. Corbett and Burl
Corbett of Grand Forks and w. F. Ba
i, of Fargo. The object Of the incorpor'
" tion is the development OF mining pro-
critics in Montana.
The Farmers Cooperative Dreamer
% o. of Ransom, with a capital stock of s.
500, for the operation of a creamery
al Ransom. A number Of prominent farr
of ers are the incorporators.
d. The Mutual Benefit Trust compar
g. Of RolIa has given motive Of the remov
of it's headquarters from Rolla to Cand
There are a number of application
for pardons and reservations to citize
ship before the governor, and a pardt
will be granted today to s. E. Elmer
:e. sant I'M from Dickey county for q We