The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-03-04

pany Now that you have bought this
policy beware of any agent who advises
other in its place. He is seeking his own
profit at your expense. Insist upon MS
putting his proposal in writing. Then sub
nit IL TO the Equitable for information and
counsel, which are always at your service:
1t will be of great advantage to the public
If this move should become general, for
changes in policies are often costly to the
poiicyholder. The man who is buying in
surance should first investigate the pro-
posed policy on all sides and satisfy him
self that IT is the proper one for his par
ticular needs and that the company that is
Offering il is financially sound. Then he
should stick to 1t In spite of ''twisters.'
Prominent business men of Chicago have
united in the preparation of an address to
President Roosevelt urging en- investigation
by the government into the loss of life and
property by fire to be followed by relief leg
islation. The document was signed by
the officers of the Illinois Manufacturers
Association the Civic Federation and the
Chicago Credit Mems Association. 1t will
be presented under the auspices OF the
National Society for the Prevention of Loss
of Life and Property by Fire in the United
States. After calling attention 10 the de-
struction caused by fires during the past
ten years, estimated at S1,310000, the address
continues:
We believe 1t to be our privilege and duty
citizens to use the machinery OF our
local and State governments in attacking
this evil, but the effort TO eradicate must
be directed with full knowledge of the facts
and conditions as they exist throughout the
entire country.
No local or State government can make
sustain such widespread investigation of
facts and analysis of statistics. This func-
ton can be performed completely and thor
oughly only by the national government
under such enactment as may be required
to make ample provision for the work.
We therefore ask that you make such d.
rection or request as will enable full in
vestigation by the appropriate department
Of the national government into the loss of
life and property by fire in the United
Congress for enactment of such measures
shall be found requisite for the continued
prosecution of the work.
The following men have agreed to join In
founding the new society:
Martin A. Ryerson, A. c. Bartlett, Frank
lin MacVeach Charles II. Hutchinson,
James II. Eckels, ]. Harley Bradley, Victor
F. Lawson. H. II. Kohisaat, r. T; Crane,
jr., Graeme Stewart, James Deering,
Honore Palmer. Harry G.. Selfridge, Wal
lace Hickman. Herman 3. Butler. William
c. Thorne, d. NJ Lord o. F. McC:1rg. Will
liam Holabird. Edward b. Butler, Judge
2. s. Grosscup.
The society will not be incorporated until
after the presentation of the address to the
President.
The compilation of the insurance business
in the State of Indiana for the past two
years, as prepared by Rough Notes from
records on file with the state insurance de-
partment, shows the following aggregate
results:
| -19O3-
Premiums Losses
Received. Paid
Indiana fire companies. S205.667 SIS, 7S6
Fire companies other
Foreign fire companies. -. 1,OlO,7O9 SS7, 626
Total fire companies =. .s5522,2 46 s2.2Sl .Os4
-1902-
Premiums Losses
| Received. Paid.
Indiana fire companies. sl92.2S1 ssO.594
! Fire companies other
Foreign fire companies SS9,663 553 .5S7
Total fire companies. IS, 101, 425 s.. 217
The loss ratio for 1903 was 41.3 per cent.
| as against $40 per cent. in 1902. 1t thus APP
| pears that, after allowing 40 per cent. for
expenses. Indiana has yielded a fair profit
! during the past two years. 1t Is time, how
| ever, that a balance appeared on the right
| side for the past decade has been unprofit-
| able in the State.
| The records of the life and casualty COM
| panieS is shown to be as follows:
! -1s3-
I Premiums Losses
Indiana life companies. 81, S26,16 s124,75i
| Life companies other
States .................... S.1so.72 2,551, 1854
Total life companies. $9,516,7S9 s2.676, 7OS
| Casualty companies of
| Indiana ................... $ll3,Syf S4O,loJ
| Casualty companies other
| States ................... S75.714 $50. s76
Total easily companies. s9S9.60S 371.O15
Grand total. SIC. OPS, ga S5,32s, SIS
-1902.-
Premiums Losses
| Received Paid.
| Indiana life companies. $9l7631 $12S, S29
Life companies other
States ..................... 7,152,SN 2,245, S5e
| Total life companies. $S,070522 1884, 6S5
| Casualty companies of
| Indiana ................... s97.4S5 sSO,S4S
| Casualty companies other
States .................... 712,554 236. 1856
Total easily companies. $4,000 $267, 32S
| Grand total .......... 3d. 81, 91S $5,77S. 231