Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1905-12-02
WHEN RELATING IS NOT REBATING
rytnnnnnnnl lnnnnlrI

AT the famous insurance lnvestiga-
ton now going on in New York, tn,
Associated Press only aims to handle
the salient points brought out Many
items, both interesting and amusing,
are omitted.
The examination OF Vice President
Tarben Of the Equitable, last week.
was one prolific Of interesting facts
and surprises, which were only briefly
referred to in the dispatches. The fol-
lowing verbatum reports selected from
the New York Herald account.
Ii was through the witness own To-
quacity In volunteering Information to
the committee that the revelation vas
now made concerning his receipt Of
commissions and renewals for policies
upon his own life. Mr.. Tarbel was
attempting to combat the popular be-
lief that the results OF deferred dlyi-
dend policies are disappointing to the
insured
Il have a $4,000 policy of my own
maturing within few weeks" he said.
with the results Of which / am very
well pleased"
mr. IluBlltS LODk the cue instantly.
and this colloquy ensued:
You say you carry insurance in the
Equitable on your own lfe?"
Yes. said Mr.. Tarbell, in tone Of
confidence and pride. Il have in all
about 100000 insurance on the lives OF
myself and members Of my family In
the Equitable and In other companies"
Q.-And do you pay the regular pre-
NUNS on these policies? Al do, less
commissions.
Q.-Oh, you receive commissions your
self. do you? A.-(After some hesita-
tom Yes.
Q.-When were these policies written
A.-Many of them while | was yet an
Equitable agent.
Q.-Have you received any commits
sion on policies placed with the Equit-
able since you became an officer of
that society? Ayes, sir; received
the commissions allowed me by the
agents.
BY committeeman: Q--Is not that
what you call rebating, Mr. Tarbell?
AS this question was fired at the wit
ness his face colored, he Strengthened
up in his chair and his deferential man
ner was changed to one almost OF de-
fiance.
mo, sir; do not think so" he said.
IL do not think it is rebating II an
agent chooses TO waive his commission
in favor of an officer Of an insurance
company"
Q-How were these insurance poll
cies placed? Although various
agents.
Q,-And what part OF the agents COM
mission have you received? Al think
! took It all
Q.-Do you think you We're entitled
10 It? Al do; | think | was entitled
to Legitimate commission.
Q.-What amount OF this Insurance IS
placed with the Equitable? A.-Two
policies for 100000 each. The first wes
placed through Eisele & King, general
agents, of Newark, n. j.
Q.-And did you receive the fun gem
eral agents commission on this policy
Al am under the impression that |
received their whole commission.
Q.-And are you also receiving the re-
newals In the same sums TO which
Eisele & King would be entitled on
policies of that amount? Al am.
They send me the amount OF the re-
newals each year.
Q.--And who placed the other 500 coo
Equitable policy taken out since you be-
came an executive officer of that So
clety? Alt was placed through IN,
Archibald c. Haynes general agency OF
this city.
Q.-And did YOU also take the entire
commission of the HAYNES agency and
DO you also receive their renewal in
terest? Ayes.