Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1903-01-29
SHAN Is investigating
Secretary is Trying to Deter
mine Responsibility for Use
of His Name
THE LIFE AND TRUST CONCERNS
The Appearance of S. II. Wolfe, the
Well Known Insurance Actuary, Of
New York City, in Des Moines, stirs
Up Considerable Interest in Insurance
Circles There. -

Special to Times-Re publican.
Des Moines, Jan. 29.-Insurance cir
cles in Des Moines have been somewhat
interested the past week in the TACT
that S. n. Wolfe, the we'll known insur-
ance actuary of Ne=- York city, has
been in the city again. He visited the
city last fall to make an Investigation
of two of the insurance companies 10
Gated here that make a speciality OF the
ten-year gold bonds as an investment,
otherwise known as life and trust con-
Germs. His report on one of them Great
ed q sensation when 1T was given out
by the Minnesota insurance depart
ment, and the excerpts which have been
printed in this correspondence show
that it was decidedly sensational. me
report on the other is said to have been
equally sensational. This related to the
Northwestern Life and Savings, and the
company claimed that 1t should be
modified or be brought down to later
date than the examination had proceed
ed. Wolfe is understood to have refused
to make any notification In the same
but returned here a few days ago ana
brought the examination of accounts
down to a later date and departing
Ithis week left the full report with the
Minnesota department.. Insurance men
10
with the previous report on the Ma
tioral Lif and Trust. Mr.. Wolfe re-
fused to divulge what 1t contained
previous to his leaving the city. 1t is
learned that Secretary Shaw, who was
| formerly an officer in the National has
caused an Investigation to be made
with q view to determining RESPONSE
Ibility for the issuance of circulars con-
Iltaining references to the National Life
| in which Shaw's name was freely used
land the statement made that he had
Withdrawn therefrom. 1t is learned
/ jth{ir he was offended that his name
should have been used in this connec-
| ton at all. He withdrew several
months ago, selling out all his stock
| but during all the time the company
was getting started his name was most
Iconspicuously advertised in connection
with the business.
| sss
/ Col. Lemuel kinkaid, a we'll known
attorney of this city, states that he has
| been employed by a number of the pol
| icy holders, or those who have pur-
chased gold bonds in the National, to
recover from the company the amount
=, TN,
! lead to a test case in the courts and to
determine the status of the matter The
basis of the suits will be that the bonds
were sold on Misrepresentation as to
their value at the end of ten years, and
the proof of the Misrepresentation will
4 be taken from the official report OF
Wolfe, in which the officials were
/ shown to have authorized promises to
policy holders which his report shows
to be an impossibility.
|, Governor Cummins went to Omaha
/ today, There he is scheduled to speak
before the Omaha Club at "a Mckinley
banquet this evening. A large number
of the distinguished men OF Nebraska
/ will be there, and several fine speake
| 1t will be an occasion which Governor
Cummins will shine at his best, for he
was great admirer as we'll as personal
| friend of Mckinley, and can speak with
great pleasure of his qualities. How
! ever, the governor has been i'll for some
time, and is not at his best for speak
1 ing.
It is generally believed the Keokpk
| wi eo
against the complainants, and be so de-
cided by the railroad commission. This
will be largely because of the danger OF
setting bad precedent in the matter
of making farm crossings with cattle
guards, ETC., but, as o matter OF fact,
| the Keokuk county cases are on a
branch roads where crossings would
interfere but little with the trains. 1t
| is regarded as a little strange thaA the
railroad commission had never come up
plump against this identical question
before altho thousands OF farm cross
iings have been ordered, and placed on
l!such orders.
1t is the intention of State Superin-
Itendent Barrett to include in his next
| biennial report some authentic 1nfor-
nation of an original kind in relation
to the rural schools of the state. In the
first place he will personally visit many
of the rural schools as they are in ses-
sion, to know for himself how the work
is being done. He will take notes as
to how the schools are being managed
by all classes of teachers. He VIII es-
pecially note how the rural school
courses of study are being made use OF
and how the books and accounts or the
boards are kept, and matters relating
to the enumeration. He VIII make OBJ
seryations as to the grounds and the
houses, and see whether there is being
made any improvement or otherWlse. IN
1 addition he will take kodak along and
secure photographs of grounds and
buildings to be used in illustrating the
chapter. In short it will be complete
exposition of the present day condltlons
existing in the country schools OF the
state-something not before attempted
by any state superintendent.
4 Governor Cummins is deeply Inter
ested in the good roads convention
j which is to meet in Detroit IN Febru-
i -. i . s,.,a, th4t all the delegates he