Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1901-01-21
FAVOR RE|NSDR|NG
Effort to Be Made Tonightto Dis
solve the Southwestern
Injunction.
Notions With That End in View
to Be Presented omor-
rows Meeting.
Plan Offered by the California
Company--C Commercial Club
Interested.
Interested.

The adjourned meeting Of the policy
holders of the Southwestern Mutual
Insurance Association win be held in i
this city Tuesday morning at TO o clock
and those who are heading the move
ment 10 ALLOW a transfer ofsshe bus mess
are preparing TO get the matter in
shape for definite actor at this time.
Motions and petitions are being pre-
pared asking the court 70 uissolsse in
injunction issued restraining the Gale,
AMI an effort Mil BE- made to have
Judge Isaswell hear these and pass
upon them tonight. II this effort fails
it IS not probable hat the meeting
Sday will be able 10 accomplish
much.
The policy holders al their meeting
tomorrow morning ME- again b. con
fronted with the d stspn OF what 10 do
70 save the great est nv tnbef, and ii has
icw been pretty Mssll agree upon that
the best method Will be 10 sell out To-
the responsible company that offers theS
best contract a rsceiv arship is not o.
|sbe thought of for one. moment, as ii
would benefit but two people the re-
ceiver and the re,ceiveis attorney. The
moment a receiver IS appointed policy
| sholeses will quit nhying premiums. no
new dizziness Will be written ard the
death losses of a company
carrying SXer sSGOo000 worth of iilsui:-
lsance would eat up a 100000 surplus in
a few mon ms These things ar. pat
emf 10 ever, business srlan who hives ii Z
gates the shbject and in view Of It the
man who aIks receiver IS insme tlla'siy
eus pectsdIof some sinister pnrpass
prssungoy the ruination of tn Conn
panN chat other insurance companies
ma /feast on the renlamss. Insurance
4 agsfts would have a gold mine i they
llcolAG wreck this company and throw
1.-The whole army q policy holders on the
ma Ekel for neiN insurance. The sky is
lsall1IaGy growing black with these hui
nlaAS buzzards docking to tbs place OF
4 expaSted carton.
On the other hand such a volume Of
business issa rich prize fot any conn ~
to take over en- mass and IL is eSpected
sIthat several good proposit ions Will be
sImade. Nearly all insurance costs prac-
i tic.lliy all of the first premium q get
4 the business when written by the indi-
4 yGiual agent, so ii could easily be worth
i s24O,000 to any company 10 renew such
4 ia volume of policies as are held by mem
4 bers OF the Southwestern Mutual and
4 any company could we'll afford to taxi
cyrer the whole business, bad risks am
J, GOOD cheap policies and others. Iti
: lunders TODD that atermlned fight vii
a b. madsto give the business tosa De.
Aioines company of doubtful standing
land transfer the institution 10 that cit,
4 land an the other hand .lita tive.
lct a strong line company of caIifor-
. mia have been in Marshalltnwn for SOM
Tins Offering TO enter into acoutract L
q re-insure all the policy holders of tn
Northwestern without medical se-eNam
[ination and guarantee to each the fact
tvallie Of his policy. A committee d
!, business Msn not policy holders, bud
! Representing the C'onn,erciaI club me-
these insurance nlen by appointment OF
lsSatnrday evening for the purpose q
!. lretaining the central Offices ii
4 this city If said company Shout
q take over the business. The in;
surance men refused To enter iists
any a greeinent To retain their Offices il
this city other than the agreement con
tanned in their contract that the office:
shall remain in the state of Iowa. How
ever, a subcommittee was appointed, &
J, Investigate the financial standing Of th,
lconlpany ami the terms ot It's propose
Icontract. which il did and on Monday
morning reported that its members hat
III been fully satisfied tina tet@ COMPANY
a was a strong one hnanciail5 and offere,
ii a Very fair and business ike contract
l. 1t Is expected that the similar commit
81! tee of policy holders Mill report to TIL.
) committee tomorrow morning in tavo
of accepting the offer of tl,e California
company, which offers Y protect ans
t reinsure every policy holssei The onl,
! thing that will stand in the way ia al
injunction suit, which, as IS Very cvi
( Ident, has heen brought by laes Mone-
!, attorneys IN the interest of other irssur
ance men rather than for the protection
! of the policy holders.
POLICE COURT NEWS.