The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1901-03-26
Ex-MAYoR OF DEs MONIES
Locates in Topeka as Representative
of the Northwestern Life 6
Savings Co.


The opening of headquarters of the
Northwestern Life & Savings company
OF Des Moines in Topeka today adds an
other old line life insurance company to
the list Of the Iowa companies now do
ing business in Kansas. Iowa is great
commonwealth. and though usually re-
ferred to as purely an agricultural state,
nevertheless is rich in almost every nat
ural resource She has surprised the ma
| ton because of the prominent position
she has gained In the insurance and
financial circles of the United States.
For many years Hartford, Connecticut,
was the acknowledged leader among
American cities in insurance business
but with prOyerbial western energy DeS
MolneS, the capital city of Iowa, has
oyerta ken and outstripped its older east
ern competitors until it has won the en-
viable distinction of being the greatest
insurance center of the United States
Old line companies organized in Iowa.
by advantage of location, get the highest
rates of interest on money invested by
its patrons and the peculiar laws con-
trolling this class OF investme adopt
ed by the Iowa legislature in 1867. from
the national banking law, which pro-
vides for the redemption Of the circulate
ing medium Of such banks fixes abso-
lutte safety as well as profit TO the policy
holder.
Old line life Insurance companies have
long since advanced beyond the mere in
suring of lives against possibility Of
death, and have established themselves
as profitable investment mediums The
man with capital long since recognized
this and our Wealthiest men are the
largest investors in old line life insur-
ancs- Hon John Wanamaker is said to
be the largest holder of insurance in the
world, carrying at present 81 500, 600.
Speaking upon the subject before ban
quet of the National Association of Life
Underwriters in Philadelphia, Mr.. Wan
anaaker, among other things, said.
Life insurance is one of the best
forms of investment, because from the
moment it is made it is good for all it
costs and carries with it a guarantee
that there is & protection IN that invest
naent that I could not get in any other.
Life insurance in the long run is a saw
ing fund 1t not only saves, but takes
care of my deposits and takes me in
partnership in possible profits. and not
infrequently returns principal, interest
and profit. Life insurance, regarded from
the standpoint OF quick determination. is
more profitable than any other invest
ment can make"
The Northwestern Life & Savings
company has for number Of years done
a successful business in Iowa. Pennsyl- /
Tania. Illinois. Wisconsin. South Da-
kota and Nebraska, and has recently !
been admitted to do business in Missouri |
and Kansas. It's leading policy is a ten
year endowment investment policy, |
minimizing the insurance feature and !
charging upon the investment feature /
It is Insurance upon inverted lines. aim
ing to pay the large results to the living. !
1t gives the small investor an equal |
chance with the capitalist to accumulate |
by systematic saving under plan that I
is absolutely secure, and paying a good |
profit upon the investment.
The Topeka Office will be under the 1
Of John MacFfcar ex-
mayor Of Des Hoines- Mr. AIacVicar /
finds some difficulty in securing suitable I
Office rooms and has opened temporary 4
Offices at the ThroOp hotel He has al 4
ready a number Of experienced insurance I
men engaged. and expects to add i'm Il
mediately to his force