The Norfolk weekly news-journal., 1904-10-14

torN, have had the burden of the pre-.
liminaN work To perform. but have
h"cn materially assisted by the other
officers in getting the company in read
mess for business
The charter was granted last month
under the laws Of Nebraska and the
secretaries are now busy filling ont
their first batch of policies and deliver.
ing them 10 the shareholders. There
is nice lot of these first policies and
business is opening mp very auspi.
Ciously, with promises of fine future
for the company it's officers and the
individual share holders.
The officers of the company are:
Dr. y. II. Salter, president and chief
medical examiner
7. +. MemminEer vice president
G. G. Weber, secretary.
X. f.. Williams, assistant secretary.
Jack KOenigstcin, treasurer.
Burt Mapes, counsel
The company starts in business
with 100000 insurance in force, and
this is being largely added to each
day. Its plan is mutual benefit, legal
reserve, similar to other old line com
panies but having features that are
believed TO be superior to others that
have stood the test of years. II gives
a combination life and accident policy
or straight accident insurance. II
is proposed to do business at the low.
est possible rate, commensurate with
safety and the officers feel that they
are affording chance for the building
up of home concern that will be "A
matter of pride to the people Of Nor
folk and those of the entire surround
ing country.
While the business will be extended
as rapidly as possible, the principal
hope of the company now Is to inter
est the people Of Nebraska and par
ticuarly those in the vicinity of Nor
folk in an enterprise that should be
mutually beneficial
II there ever was an argument i'm
favor of home patronage there is one
II
insurance company. This is a local
affair and the people will undoubtedly
appreciate an opportunity Of leaving
their money at home Thousands of
dollars are sent out of the state every
year that go toward building up insti-
mtiOns in distant towns and cities that
can just as well be retained at home.
and better, because If it Is kept here
1t Will be doing some good for the
home people. The citation of last
years business should be a sufficient
argument for keeping insurance mon
ey at home, without other exhibit.
Here it is: Last year the people of
Nebraska paid out of the state to for
eign life insurance companies the mag
nificent total of $2,25O,0OO, and in the
payment of losses only small portion
OF this amount, or in exact figures.
$4,000 was returned. 1t is useless to
point out that the foreign companies
are enjoying the advantage of the diff
terence between the two transactions.
They are building magnificent blocks
and investing in bonds and properties
with that Nebraska money and It be-
comes a power in the states where il
Is used. The Norfolk company hopes
to keep at home a small portion of
this amount each year. They hope to
be able to use it for the advantages of
the people of Nebraska outside of
their company, but naturally the com
pany will gain what has heretofore
gone to the benefit of foreign compa-
nies.
Such insurance as they handle Is
desirable from many viewpoints, and
those who hold membership in foreign
companies before there was a home
company are to be commended. but IL
the money can be retained at home
and exactly the same benefits accrue
to the policy holders the man will be
doubly wise who will give the home
company the first opportunity for the
business. Home mutual companies
have prospered in other fields and In
other branches OF insurance and the
iilCHuS VI lue ElhHOTn Lie ana ACCl-
dent, hope and expect to see 1t ac.
cumulate strength and increased tusi.
ness as the years go by. 1t is now
ready for business and the young man
or middle aged man OF north Nebras-
ka who is looking for sound life or ac-
cident insurance will certainly not fail
to give the company a chance at his
business.
In circular issued by the company.
the following candid announcement ID
made:
1--WE shall assume no advance credit
for clean administration, for II Is
our duty that we should be clean, but
we state the fact that such great re.
suits have been attained by these old
line companies, that with unwearied
perseverance and proper business
methods the cooperation and support
of the citizens of Nebraska we can Ger.
tainly build up in this grand state of
Nebraska a company that will stand
as a monument which every policy.
holder can point to with pride.
The officials of this company have