Fergus County argus. [volume] (Lewistown, Mont.) 1886-1946, 1904-06-15
After CaIderhead's Scalp,

Helena, June lO.-The aid oil the
supreme court has been invoked by
eight Of the mightiest insurance cor
porations In the United States TO
compel, If possible. State Auditor j.
II. Calderhead to revoke the license
he some time ago issued to the Con-
tinental Life Insurance & Investment
Company, a Salt Lake concern. OF
comparatively recent organization. In
which the auditor is a director. The
action is taken by the representa-
tives of the several insurance COM
panies having headquarters at Hell
ena, who presented to the supreme
court today, through Attorney NJ. 5.
Gum. an application for an alterna-
tive writ OF mandate directed to the
auditor. The writ was issued and
made returnable next Monday at 10
O'Clock.
In this case the REALTORS are Wy.
man Ellis. state agent OF the Equit.
abe life Assurance society: p. NJ.
Collins. general agent OF the Penn
sylvania Mutual Life Insurance com.
pany; Henry s. Waldron. general
agent OF the Mutual Life Insurance
company of New York; Sam d. Coca,
general agent of the Northwestern
Mutual Life Insurance company;
Wayne Jones. general agent Of the
National Life Insurance company,
of Vermont: Nathan Godfrey, gener-
al agent of the Union Central Life
Insurance company; c. b. Mccarthy,
general agent OF the Germania Life
Insurance company. and William ].
Mcbride, state agent OF the New Life
Insurance company.
Allegations are made in the peti.
ton against Auditor Ca%lderhead that
he issued a license to the Continental
company before the company filed a
statement with the Insurance depart.
ment OF the state: that the company
Is shown, by a statement filed after
the license was issued. 10 have only
$100, 900 capital stock, an amount In
sufficient under the laws of the state;
that the auditor has refused to re-
woke the license. although the facts
known by him included the fact that
the company was writing special
contracts" in violation Of the state
laws; that his decisions In favor Of
the new company have been due to a
desire to aid the concern In trans.
acting business contrary to the laws
Of the state, for the reason that he
Is a subscriber to the capital stock
OF the company and has been a direc-
tor in II since It's organization.
In the applicaption 70, the writ, the
petitioners allege that on the 23rd
Of April last the auditor issued the
license to the Continental, along with
agents licenses TO four persons. in
spite of the fact that no statement OF
an officer OF the company had been
filed in the office Of the auditor. This
statement, it is alleged, was not filed
until the third day Of June. and that
| when so filed ii showed a paid-up
capital of only 100000; that the COM
pany had written since the day OF its
| organization s702, 600 in life insur-
nee, and that the amount of prem
iums collected thereon was $29,O69.SS.
Salt Lake, Utah, June l0.-Frank
Pierce, attorney for the Continental
Insurance & Investment company. of
which Governor Heber NJ. Wells is
pltSlutnNt NhNu oho"n NV hAopobeh
from Helena, stating that the license
of the company was to be revoked
in Montana, indicated that the action
would be vigorously resisted.
I'VE knew nothing about the case
said Mr.. Pierce, except what is On
tanned m a telegram from our repre-
sentative in Helena advising us that
mandamus proceedings have been
brought to cancel our right to do
business there. We have not seen
the complaint and do not know what
Is in IL, but w suppose 1t raises the
question Of our right to write spec
ial board contracts. The contracts
we are writing in Montana have been
taken before the courts Of last resorts
in several states and have been up
held. We are not violating the laws
OF Montana and IL any one says we
are. he has got to prove II on IS"