The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1903-01-24

A. L. Smith, of Indianapolis. is the state
manager of the Mutual Reserve Life for
Indiana.
The New York Life has set s35o.oooooo as
the amount of new business to be written
during 1903.
The Indiana and Kentucky territory of
Franklin Fire will be in charge of r. NJ.
WATSON, of Cincinnati.
XXX
All of the officials of the Sun Life who
were connected with the office in Louisville
were offered positions in the Metropolitan
Life.
The st. Louis baseball team is insuring
the lives of its players. TO whom it has
made advances of salaries for year under
three years contracts.
The three Offices of the Western and
Southern Life in indianapolis will be con-
solidated as two under charge of Superin-
tendents Strauss and Head.
Frank W. DIN, formerly special agent of
the New York Life, has resigned to take a
special agency of the accident and liability
department of the Travellers
tendent of the local office of the Sun Life,
will go TO Cleveland. o.. as superintendent
of a district for the Metropolitan Lie.
Insurance of the employees risk, injuries
and death of the Southern Pacific Railway
Is placed with the Continental Casualty
Company. The premiums are paid by de-
auctions from the pay roll.
John z. Finney, formerly state manager
in Pennsylvania for the National Life and
Trust Company of Iowa. has been appoint
ed SUPERINTENDENT of the investment bond
department of the Interstate Life of this
city.
The London Lloyds is insuring against
appendicitis. For shillings the insured
has all his surgical and medical expenses
during the operation paid up to the amount
OF $1,000. and If death occurs under an oper-
alton. $1,000 is payable to the estate of the
insured.
At the annual meeting of the Anchor Fire
last week the launching of the Ark Fire
Insurance Company was under discussion,
and while the company will no doubt be
organized II was decided that the name
should be changed. The stock is already
being placed.
1t was reported that the Prudential would
not appeal from the decision of the chan
celIor of New Jersey allowing an injunction
against the proposed merger of the COM
pany with the Fidelity Trust Company, but
| the directors have filed notice that an APP
peal will be taken.
While the life insurance companies may
not be alarmed by the attacks of DR.. Frcke
upon their undivided surplus, yet it is
worthy of note that several of the large
companies have not shown any surplus at
! all in their statements, but put the amounts
as reserve liabilities instead.
1t is reported that the Independent Order
of Foresters will probably show deficien-
| cy of S5OO0O,OO0 in it's provisions for pay
ments since it's report in 1897 showed a de-
ficiency of $50, 100000. While the increase in
! the number of members has been great
| there has been a large ratio of lapSeS. and
a call for increased assessments would not
| help the order, but would probably be the
/ means of fastening it's dissolution.
/ Springfield, ILL.,, is trying to catch ur
with Indianapolis as an insurance center
but its claims of being such are based
chiefly upon the fact that several fraterna
| societies have their headquarters there
| there is also one assessment company, one
| old-line company, one accident association
! and two mutual fire companies. 1Edianap