The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-01-22
In the Insurance Field:
NezvS and Notes of Interest

in Florida, where he had gone beause OF his
impaired health. He carried life insurance
aggregating about 100000, and IL Is prob
able that the payment or considerable por-
ton Of il will be contested. The company
claims that the insurance was obtained
through false representations on the part or
Blair as TO his income and circumstances;
After the insurance was isused II developed
that he was knowingly on the verge OF ex-
posure for extensive entertainments and NlO-
latons Of trusts and that he took additional
insurance with the intent to commit suicide
when his misdeedS. became public, thus saw
ing an estate TO his family His case is one
of the most sensational that has risen In lie
the final outcome will be watched with In
terest.
All the insurance now carried on the
worlds fair buildings at St. Louis will be
Cancelled as soon as they are finished and
the exhibits installed. Only the exhibits
will be insured. and they will be provided
for by private exhibitors. The exposition
company will insure the works of art in the
fine arts building. which is flreproof and
built Of stone, designed as a gift by the fair
TO the city OF ST. Louis. The insurance on
the other buildings will be Cancelled by the
management. in order that the exhibitors
may be able 10 secure as much insurance
as they require. This would naturally be
difficult proposition IL the companies were
already carrying lines the buildings to
such an extent that they would not care TO
carry more liability I'm the same location
and subject to the same fire. The rates on
the exhibits in all the buildings Will be 5
per cent, with the following exceptions;
Transportation, machinery, education, mine
and forestry buildings, per cent; art
building pavilions, brick, PA per cent; main
art building, fireproof, 1 per cent; conces-
sions on THE Pike" 4 per cent; inside Inn
Hotel, per cent.
T. NJ. Goodloe, manager OF the Indianap-
oils Inspection Bureau. presents an inter-
esting article in Insurance Report on THE
Young Man as Trained Expert In Fire
Insurance" Mr.. Goodloe is well qualified
to prepare an article that subject, as he
has developed a number OF young men in
his office during the past few years who
have taken important and responsible posi-
lions In inspection bureaus in various parts
of the country. He writes enthusiastically OF
the opportunities for young men In this
branch OF underwriting
In closing. he says: 'It would be hard TO
say whether the man with ability and tact,
and without the technical education, is more
valuable than he with full supply OF tech
meal knowledge but tactless and lacking
in diplomacy, or whether the former can
be trained TO fulfill the requirements more
rapidly than the latter. Certain IT IS that
In the present state OF the business the
young man with the combined attachments
mentioned, with an innate manner OF polite
ness and patience, is jewel, and such
necessity as to make II unlikely that he
will remain long on the bargain counter. In
fact, recent experiences show a constant
demand for the services Of such men,
though it is to be regretted that the salaries
offered by the companies are not common
surate with the work in many cases. espe-
cially in comparison with inducements Of
fered by other lines OF work for which the
training and ability of such men would fit
them"
The great rivalry among the large life
ir1c linz
forth all their energies for the sake OF
securing an immense volume of business.
justlfies the employment by them OF gent
uses who are continually devising
schemes by which they may gain more
business The departure inaugurated by
large New York company two years ago
In its establishment Of summer school
for the instruction OF college graduates in
the art of becoming successful life insur-
ance agents was greeted as a novel under
taking and very shrewd one. Now one
Of this company's keenest rivals has ar
ranged to give course OF lectures in
number OF the leading colleges of the land.
thus getting in touch with the student
body before the other, which begins with
them after graduation has had its chance.
Commenting on what this course may lead
to. Rough Notes says: Knowing the en-
terprise of our life insurance giants and
their proneneSs TO work to It's farthest
limits every new plan for securing business
and agents, we are ready to hear that one
or the other has established life insur-
ance clubs In all the high schools of the
leading cities Of the LAND. This will be fol-
lowed by boys life insurance brigades in
the graded schools. and then will soon
after hear of life insurance charts and
blocks especially designed for kindergarten
classes. This lead will certainly end when
finally the life insurance Grade club is
formed, and then some genius will needs
start the race in another direction"
Fire insurance companies giving spe-
cial attention at present TO factories which
use celluloid, and In New York the inspec-
tors have found conditions which are consid-
cred serious. Much more OF this dangerous
material has been generally found than IL
supposed that manufacturers carried,
and greater precautions being urged
and insisted upon. In one or two fires re-
Gently In factories which use cellulo.d the
inadequacy of the fire departments the
automatic fire extinguishing devices to cope
with the flames was plainly demonstrated.