The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1902-12-20
The Kansas Mutual Life Insur-
ance Company
Adds to It's Prestige, Capital
and Directory.
INCREASED FACILITIES
The Consolidation With Newer
Company to Be Known AS
The Kansas Union Life Insur-
ance Company of Topeka.

business of the Kansas Mutual Life In
surance company
The merger is complete and today the
new concern is doing business without
an hours interruption. at the handsome
quarters of the company in this city at
Seventh and Jackson streets.
The Kansas Union was organized in
July last by Joab Mulvane. c. J. Devlin,
=. /. Bonebrake, Samuel T. Howe and
The stockholders of the consolidated
company met and elected the. following
board of directors:
John r. Mulvane. president Bank of
Topeka.
Hon. E. Wilder. treasurer A, T. & 8.
r. r. r.
Joab Mulvane, capitalist,
p. I. Bonebrake. president Central Ma
tional bank.
Hon. Scott Hopkins, president First
National bank, Horton, Kas.
A. A. Robinson. president Mexican
Central railroad.
John P Davis. president.
w. NJ. welcome, vice president
II. G. r. Schwarzkopf, second vice
president
The board reelected for the cOnson-
dated company the officers of the Kan
sas Mutual.
Mr. Wilder, Mr.. Joab Mulvane, Mr..
Devlin. Mr. Ronebrake, Mr.. Robinson
and Mr. Hopkins are the new well
known successful fnanciers and gentle
men of high personal character ADDED
TO the directory of the business. Ihese
men are familiar with the twenty years
record of the Kansas Mutual
There is now added to the prestige OF
that twenty year record and the former
accumulation of over Sl5O,OOO OF surplus
10 on
the state treasury, an actual pald up
cash guaranty OF 100000 and cont1n'
gent guaranty under the stockholders
double liability law of Kansas of still
another s100. 900.
The consolidation provides for the con-
tinuation of the Kansas Mutual Life ;
business men and methods, both IN the
office and in the field Policies VIII pc
written on the same plans ana at the
some rates as heretofore.
The company has been licensed to do
business in the same states as the Kan
sas Mutual
The Kansas Union Life Insurance
company thus starts with twelve million
dollars insurance and has in total assets
over 100000, and a surplus to :lolc
holders, including capital of over $780,
Ooo.
The new company is sending out today
letters to policy holders accompanied by
certificates from superintendent Of In
suranCe Church of the consolidation, anO
from State Treasurer Grimes of the adj
dition of 800 600 in securities to those
already held by the state covering the
policy reserves of the Kansas Mutual.
This letter SAYS:
"The Kansas Union Life Insurance
company, of Topeka. Kas-, recently suo-
mitted a proposition to the Kansas MI
tual Life Insurance company to con
sOldate the two corporations, to the end
that both companies might be endowed
with added strength and security, and
economy in business management be
more fully conserved
THE board of directors of the Kansas
Mutual Life Insurance company sub
mitted the proposition to the Insurance
department of this state. and uDOn OBJ
tanning the consent and approval of tbs
SUPERINTENDENT of insurance. the bOa-d
authorized the execution of a reinsur-
ance contract with the Kansas Union
Life Insurance company.
This contract, authorized by the
Kansas Insurance act was executed on
the 18TH day of December. 1902. and by
its terms the Kansas Union Life lnsur-
ance company has assumed all llabllltles
and agreed 10 carry out the terms of al
the outstanding policies of the Kansas
Mutual Life Insurance company, and IL
manage. conduct and use all the prop
erty and assets of the Kansas Mutual
Life, in connection with its own prop
erty for the purpose of duly and legally
meeting and paying all the risks due
and to become due upon its policy con-
tracts, as well as all other liabilities. i'll
Guiding its liability for surplus and re-
serve in strict accordance with law, an6
the terms and provisions of all its out
standing contracts.
THE Kansas Union Life Insurance
company was chartered under the law:
of Kansas. and was organized by met
of the highest personal character an(
integrity, who are identified with thu
most successful financial institutions
This company entered the life insurance
field with S100,0 capital stock, full.
paid, and $4,000 cash surplus. TIL,
n fYNt
companies together is an ideal cOmbina
ton, as the greatest results can b
achieved only by the combined energies
of men, and this consolidation must re
progress and development and in tn
upbuilding Of a great life insurance com
pany in the middle west.
The securities heretofore deposited il
the state treasury for the benefit AM
security of the policy holders are on d
post, according to the requirements q
law, and 100000 has been deDositc,
with the state in addition thereto
THE officers Of the Kansas Mutua
Life Insurance company will continue Ii
charge of the affairs of the consolidate
company, so that hereafter the same of
icers viii conduct the new business an,
look after the welfare of the policy
holders as heretofore. and they viii hav
the support and counsel of an enlarge
board of directors. The business vii
from this time on be conducted in tn
name OF the Kansas Union Life Insur
ance company. It is our purpose to con
tinue the agency force of the Kansa
Mutual Life and its collectors in tn
employ of the Kansas Union Life In
surance company.
I'VE enclose herewith the certificat
of the Kansas Union Life 1nsuranc
company. guaranteeing to carry on
your policy contract. in strict accord
ance with the terms and provisions c
the same. which certificate of guarant
you win attach to your policy"
Pensions for Kansans-
The following pensions have bee