The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1903-05-29

The Indianapolis Fire will soon apply for
admission to Michigan and Kentucky.
Several of the larger offices of the life
companies are now closing on Saturday
Over 1920, 100000 was distributed among
beneficiaries by the life insurance companies
during 1902.
Howley & King. who were general agents
of the Anchor Fire in New York, have sued
the company for $4,000.
1t is said that Kubelik, the violinist. has
had his hands insured. 1t is not reported
whether the company insuring is or is not
a Lloyds.
Mr.. L. ]. Hubbell, formerly special agent
of the Pennsylvania Fire. has resigned to
accept a position in the field with the Aetna
in Illinois.
The interest rate of the life insurance
companies for 1902 averaged 4.42 per cent,
which is the first time in years that it has
been below As per cent.
Mr.. E. M. Post, of Marquette, Mich, has
been made manager of the Mutual Life for
Indianapolis. succeeding Robert w. Mer-
rift, who resigned short time ago.
Xxx
The North American Fire of Boston will
probably go into liquidation. The stock
holders do not seem inclined to meet any
assessments to make UP the impairment OF
the company.
The Star Fire Insurance Company is be-
ing organized in Louisville with capital
of $3.50, 900, of which $4,000 has been sub
scribed 1t expects to be ready for busi-
ness by July ].
Recent announcements of department
stores that they are about to establish
banks for the benefit of their patrons sug-
gests the idea that they will soon be selling
rates.
The Actuarial Society elected the follow
ing officers at it's meeting in New York:
President Israel c. Pierson; first vice pres
ident, Rufus w. Weeks; second vice presi-
dent Daniel II. Wells; secretary, John Tat
lock. jr.; treasurer, Archibald A. WEIGH.
The chief reason for the action against
the Chicago Lloyds is the clause in the
policies limiting the liability of the under
writer's, and it is said that those Lloyds
whose underwriters have an unlimited liza
bility were instrumental in bringing about
the suits.
xxx
DR.. c. Harle, who was wanted in Mexico
for the murder of two policy holders of the
New York Life for their insurance, was
taken across the border a few days ago.
He confessed to completely in the murders,
and If convicted by the Mexican authorities
will be shot.
The Travellers Insurance Company has
added to its Office force, and has increased
the extent of its offices in the Indiana
Trust building. Mr. William Z. Schilling
has succeeded Mr. Keen as manager of the
life department, and will be out after new
business.
All of the business of the Indiana Fire
has been disposed of, and it's extensive
charter is now for sale. The charter gives
all powers which any corporation could
desire, permitting the running of a bank,
operating street railways or insurance COM
panies or mining.
The Reliance Life of Pittsburg is to be
congratulated on it's taste in the selection
of the design which is the insignia of the
company. 1t is reproduction of the noted
painting "Caritas,' which hangs in the
Boston Museum. The emblem will always
be an attractive advertisement.
XXX
DR.. H. c. Martin. secretary of the In
dianapolis Fire and editor of Rough Notes,
is taking. vacation in the East, accom-
panied by Mrs. Martin. Though ostensibly
on a vacation, DR.. Martin will contrive to
see the most important insurance men in
New York before revisiting his old home in
New England.
1t is reported that s6oOOO.000 was paid to
life insurance agents in commissions last
year. 1t requires good men to secure the
business, and such men are expensive. If