The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1903-06-12
INSURANCE NEWS AND
NOTES

The Atlanta Birmingham Fire Insurance
Company of Georgia, is preparing TO enter
a number of States in the West
XXX
Vice President James H. Hyde, of the
Equitable, is said to be slated for the po-
sition Of ambassador to France.
The insurance clearing house idea Is an
established and working fact in Milwaukee.
1t operates on the same. plan as do bank
clearing houses.
The Postal Insurance Company has been
organized at South Bend, Ind, to take over
the business of two small neighboring as
sessment concerns.
Paul S. Knowles. assistant secretary OF
the State Life Insurance. has just returned
home after a months trip to the Pacific
coast in the interest of the company.
Alfred B. Paul has been appointed state
agent Of the accident department OF the
Travellers Insurance Company for In
diana, with headquarters at Indianapolis.
The Missouri department advises that
notes given agents for life insurance
premiums should be made payable to the
company instead of the agent writing the
risk.
]. w. Powell, special agent OF the Royal
Exchange for Illinois. has had Indiana
and Ohio added to his territory. succeed
ing Special Agent Stratton, who has been
called East.
The st. Louis Court of Appeals has de-
cided in the case of John H King, of the
Phoenix, that verbal contract of bust
ness made with agent is binding upon
the company.
Edward Cluff has resigned from the presi-
dency of the Union Casualty and Surety
Company He will be succeeded by William
Halls jr., who is connected with several
prominent banking institutions Of New
York.
The Burial League of the United States,
with headquarters at Pittsburg, is inaugu-
rating a new scheme whereby the assured
is guaranteed 500 funeral for a premium
of S455; for children from three to ten the
premium is 80 cents
An unusual case Is reported from Mont
gomery, Ala. ]. S. Farrier. of that city,
dropped dead while signing a check for
the premium on $4,000 life insurace policy.
AS the policy had not been delivered, the
insurance was not in force and will not
have to be paid
Harry Gamble, who for several years
has been assistant state agent of the
Phoenix of Hartford, has been appointed
State agent of the Pennsylvania Fire for
Indiana and eastern Illinois. succeeding
Lee ]. Hubble, who has recently gone with
the Aetna in Illinois.
XXX
The life insurance agent in ancient times
was evidently up to date in his methods.
An advertising circular in the shape of an
Egyptian papyrus has been found bearing
the date sSo s e. vo wnS chi ma as nrovison
for your house and will preserve pure
love for your wife.
There are some new statistics published
by Professor William Bailey. of Yale,
that should be of interest to life under
writer's Out Of 1924 cases of suicide. COW
ering a period of four years, 1871 men and
22l9 women killed themselves. or three and
a half times many men as women. More
married people than single commit suicide,
and among these the males are again In
the majority. The report states that more
widows and divorced women commit sui
eide than single men.
XXX
The special contract which Is being writ
ten in Tennessee by the State Life is arous-
ing considerable discussion among people
who seem to think II is in conflict with the
statutes of that State. The attorney gen
eral has ruled that the contract. being a
special compensation to agents of the COM
pany is not in conflict with the law. He
further rules that the company must quail
fy an agent each holder OF one of the
special contracts.
The Prudential has sent out a circular re-
garding a new policy which has just been
issued for children. reading in part as fol-
lows: I'VE desire to announce that we have
decided to discontinue the issuance of the
Industrial child endowment policy, and,
therefore, no application for this form OF
with the week of May Is. however, the