The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1903-12-11

There will be an insurance exhibit at the
st. Louis exposition.
xxx
A company is being organized in London
to insure against losses from frost.
F. c. Oviatt, editor of the Philadelphia
Intelligencer. was in the city on Wednes-
day.
XXX
T. C. Day & Co. have taken an agency
for the Title Guaranty and Trust Company
of Scranton, Pa.
According to the statement of Insurance
Engineering there were forty-nine railroad
accidents in the United States during last
October. in which 1l5 persons were killed
and over 200 injured.
The annual meeting of the Indiana
League Of Underwriters will be held at the
Claypool Hotel next Monday afternoon at
o'clock. The usual business meeting, with
the election Of officers, will be followed by
an informal dinner at the hotel.
The American Central Life of this city,
which was recently admitted to Pennsyl-
vania, has appointed Albert z. Fletcher,
formerly of Indianapolis, but now of Phil
adelphia, as its legal representative The
and will add more after the first of the
year.
]. H. Aldrich has resigned as state agent
of the Norwich Union for Indiana. He has
been succeeded by Arthur j. Weed, who
has been special agent of the company in
Illinois and has now had Indiana added to
his territory. Mr.. Weed was admitted to
membership in the state board last
Wednesday.
Indiana is getting better insurance repu-
tation abroad. The Insurance Age, of New
York, thus expresses the change from its
viewpoint: Natural gas is said to be de-
wildcats and fake life companies of the
Hoosier State could have supplied enough
''hot air. to run all the factories in the
country. That day has happily gone by"
The Mutual Life Of New York proposes to
make it's Chicago Office a branch depart
ment. equipped with it's own actuary and
medical director Policies which do not ex-
coed $4,000 will then be issued direct from
this office and all its transactions will be
independent of the New York office. The
volume of business Is now larger than that
of many good-sized companies in their en-
tire field.
Serious accidents are common as a result
of mistaking a gasoline can for one con-
tanning kerosene. Such case in Moline,
ILL.,, recently, which resulted in a fatality,
leads the Dispatch of that place to suggest
that all cans which are used for gasoline
be painted red, and that an ordinance to
that effect be passed The idea is a good
one and might well be adopted in Indian
apolis, where many serious accidents have
occurred through such mistakes.
Commenting on the prospects for profits,
the Journal of Commerce says: 1T is prac-
tically certain now that the losses for the
full year 1903 will exceed those of it's imme-
date predecessor by several million dol
lars, but Notwithstanding this the insur-
ance companies will have had good year
as far as their underwriting operations
are concerned. Their annual statements
will, however, be adversely affected by
the security values. Possibly this will be a
restraining influence, IN the absence of
which there might be a disposition the
part of some companies to embark on a
demoralizing policy
Press notices and dispatches for October,
as collected by the fidelity department OF
the Fidelity and Casualty Company of New
York, indicate defalcations as follows:
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