The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1903-06-26

the individual members and officers as
names. Agents are not generally disposed
TO accept his view of the matter and will
continue past methods until some Official
ruling is made.
XXX
The attorney general of Texas. who re-
Gently instituted suits against the insur-
ance companies for violating the antitrust
laws, has postponed action until fall TO al
low them time 10 prepare their defense.
Ex-Attorney General Grain has been re-
tanned by number OF the defendant COM
panies, some of which report a decrease in
receipts since notice Of the suits has been
filed.
OF the assurances on the life of Arthur
r. Penneil, who was killed in his automo-
bile near Buffalo, the Equitable has paid
$4,000. A $4,000 policy containing a suicide
clause, which was written within year OF
Pencils death, has not been presented for
payment The Security Mutual has paid a
or the murdered man with whom Pencils
name was associated.
XXX
The insurance department declined TO
throw off the IS agents license fee on agents
of New York companies I'm consideration OF
similar action by the New York department
on agents Of Indiana companies. The at
tention Of the New York department Is
drawn to the fact that the Indiana depart
ment would suffer in fees If this were done.
as there are eighty New York companies
operating In this State, whereas only three
Indiana companies are doing business in
New York.
The progress of the fire protection system
at the st. Louis worlds fair grounds is
watched with interest by Insurance men.
There is now local FIRE department OF
fcrty-eight men. divided into four COM
panies. There are also sixty Jefferson
Guards, who VIII render assistance To the
fire department. Fire plugs, water supply
and fire alarm boxes are shown on the
regular map The PERMANENT water supply
Is being Installed. The IRE alarm boxes
on the premises are connected with the
city fire alarm telegraph Office The city
FIRE alarm service is completed I'm engine
houses Nos. i. and 3. The grounds are
entirely closed and gatekeepers placed
at each entrance. Fire plugs have been
placed in buildings Nos. 2. 3. 4. and :.
is now upon these plugs. There are also
a large number OF permanent plugs located
outside of the buildings ready for service.
Mr.. John f. Dryden. United States SEN
ator and president OF the Prudential Life
Insurance Company. has written a very in
teresting article appearing in the New
York Sunday Tribune. in which he COM
mends strongly the business OF life insur-
ance as offering exceptional opportunities
and advantages 10 young men. whether
coming from the common schools or coll
| lege-bred. who would choose a career that
Is at once honorable and remunerative He
says in part: THE opportunities for indi-
yidual development are exceptional but the
business h exacting Ia its details, and fha
competition between different companies is
so keen that all that goes TO make character
in man is required for individuals TO at
| tain more than a moderate success While
| IL Is entirely true TO say that modest sue
| cess Is possible TO anyone who will exert
| himself with a reasonable degree OF effi-
| cheney and energy, IL Is equally true that
| the most exact.ng demands are made
upon trained minds TO meet the increasing
needs OF rapidly growing business Those
VINO nave carefully observed the ten
/ cency or the business are entirely at ease
in making the prediction that within an
other twenty-five years the present posi-
ton OF life insurance will appear as insie-
nificant as the position OF the business In
1870 appears TO US at the present time; and
| IL would seem TO be perfectly rational
view that the intelligent. Industrious and
| tactful young man Is not likely 10 be in
error In making choice OF life insurance
as business career"