The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1902-08-09

Mr.. G. II. Allison, of the Reserve Loan
Life took the special prize AT the con-
clave Of the Knights of Pythias at Kokomo
as the tallest man IN the parade. Mr.. AL
lisons height is six feet two inches.
Xxx
The Mutual Reserve Life Insurance Com
pany has been examined and licensed by
the insurance commissioner of New York;
1t has entered Indiana, Maryland, Canada
and other States as an old-lfne company
The Insurance Company of the State of
Pennsylvania has been forced to give up
business after having been established los
years. II has passed into the hands of
receiver with an impairment of 5000
Xxx
NJ. V. McGnliard, with his family. will
leave Indiana for Colorado, where he will
be the general agent for the Anchor Fire
Insurance Company. His headquarters will
be in Denver. which he expects TO make
his permanent home.
The University of Michigan announces
course of instruction in the mathematical
theory of insurance. The course will in
clude The Theory of Annuities and In
surance" and The Mathematics of In
surance and Statistics"
At the meeting of the National Conven-
ton of Insurance Commissioners at Co
lumbus, o., John a. Mccall. president of
the New York Life and ]. w. Alexander,
president of the Equitable Life Assurance
Society, will deliver addresses.
Rogers Porter, assistant manager of the
German-American Insurance Company.
died at his home in Chicago on July %.
He was born in England and was a great
traveller before he settled in Cincinnati in
1872 He left Cincinnati for Chicago, where
he remained until his death.
XXX
Property and insurance losses for the
year 1901 were greater than in any previous
years il the United States. The property
losses aggregated s17416O.6SO. from which
the insurance losses amounted to s1O6,6SO,
$50. The number of fires was S0,379, and
the number Of risks involved III, 1873.
Xxx
]. A. McEwen, actuary of the Indiana
Insurance Department, has resigned his
position here to take the position of audi
tor of the Western and Southern Life In
surance Company of Cincinnati. Mr. Nc
Even was actuary of the Ohio Insurance
Department from 1887 to 1900, when he came
10 Indiana. He will enter his new field on
Sept 1.
The rumhliDg of discomfort in Missouri on
account of the State laws offensive to in
surance companies has found expression in
the resolutions adopted by the Missouri Re
tail Merchants Association, which met at
Kansas City, where the chief topic of dis
cusslon was the repeal of these laws, and
the unanimous opinion was in favor of
wholesale revision of them.
Fraternal orders will be interested in a
matter which is now under the considera-
ton of the indiana Board of Tax Commits
sioners. The question is whether the re-
serve fund of the Tribe of Ben-Hur, of
Charlottesville is liable to taxa ton. The
order claims that the fund is for the pay
ment of death benefits and therefore ex-
empt from taxation under the Indiana
statutes.
The losses from fire during the first
half year. excepting June, were very heavy
July, as well as June, was a good month
for the fire companies though the losses
were neither abnormaily heavy nor light
The cause of this falling of is supposed to
be the almost continuous rains over the
State. Electrical disturbances are respon-
sible for a number of fires from lightning
and one company in this city suffered four
losses iE one day from this source in diff
ferent parts OF the State.
The experiments of Mr.. Edward Atkin-
sun OH dleStu lItpIOOl NOOu at the En-
gineers' Experiment Station, at Boston
show that the prepared wood is unsatis-
factory. 1t will not take fire so readily as
the unprepared wood, but at the high tenn
perature of great fire the chemical COM
pounds decompose and are useless. The
preparations should include compounds the
dissertation of which would retard COM
bustion.
The Insurance Report OF Denver speaks
rather slightingly of fraternal organiza-
tions, noting one which recently failed
but in reorganizing changed it's grand
rulers to supreme" rulers but made no
change in the vicious business policy which
caused it's downfall. An Ohio report on
the other hand. cOmmends the organizations
highly, not as being well managed, but
as being the kindergarten school for '1egi-
innate" insurance, and teaching the value
of insurance and of having ii in a strong
and stable company.
Insurance men will note with pride the
smallness of the amount embezzled from
insurance companies as set forth in the
following statement:
Federal and State. 81 is 995
Munlclpdl .-....-.'.-..-. II, fJf
| TranSDOrta alton cOmDaQieS 70 42S