The Monte Vista journal. (Monte Vista, Rio Grande County, Colo.) 1888-1921, 1905-11-18
NUMBER 932
II for Home Insurance.

| Iauo NatlouAl Lille Assurance Company
filed articles OF Incorporation with the
secretary Of statA at Denver. The incor-
porators are: TX Governor James II.
Grant, Frederick &. Molra;, cashier of
the First National Bank, OF Denver;
Charles NJ. MacNeill, director OF the
same institution and wee president, and
general manager OF the United States
Reduction and Refining Company; Ben
lamin b.. Brown, capitalist, Denver;
Spencer Penrose, mine owner and oper-
ator, OF Colorado Springs, Colorado City
and Cripple Creek; Thomas b. Stearns.
of the Stearns, Rogers Manufacturing
Company, OF Denver; j. a. Hayes, presl-
dent OF the First National Bank, of Col.
orado Springs; Harry X. Brown, secrc.
tary and treasurer OF the j. +. Brown
Investment Company, Denver; j. Arthur
Connell, president of the Colorado
Springs Title and Trust Company; A. NJ.
Gildersleeye, Denver. and G. c. Hamliu,
Colorado Springs. The capital stock OF
the new company Is placed at $4,000.
fully paid in.
The Colorado National Life Assurance
Company has been organized To talk.
over the assets and business OF the Colo
RADIO National Life Insurance COMPANY.
which was chartered last March, ms "A
purely mutual life insurance organiza.
ton. and which has made the record, for
insurance written and premiums re
celved, in payment thereof. at the same
attained age, among the life insurance
companies of the world. On November
IL, l~o-eight months and eleven days
from the date OF It's charter--it had
placed on its books about s2,IJ0.OOO in
paid for insurance, and had received
slO3.sl2.Go, in premiums. OF this grand
total, s2l 1850 had boon paid in. on l25
applications for insurance. in the last
preceding GO days. The foregoing fig
ures do not take INTO consideration re-
lected or unsettled business, rendered by
the agents OF the company during the
period following organization. There is
nothing in the annals u life insurance
/, equalliDg this showing, in the sarly days
OF u life insurance company.
The reincorporatIon ot the Colorado
| National Life Insurance Company. Ms
the Colorado National Llf. ASSURANCE
Company, was because of the aesirabil
ity OF the organization doing business IN
other states than Colorado. The success
OF the company had been assured, OF u
mutual basis; but in all OF the states OF
the Union, the insurance laws require
OF n foreign insurance company dong
business therein, the making Of henvy
deposits with the Stat. authorities, to
protect resident polc,hold.rs. This can
Ds avoided by capitalization. for n GER
tam amount. and that step mas been
taken, in the ease OF the Colorado Na.
tional Llfe lnsuhanc. Company. Sub
scrptIons for stock were invited, and
the new company has been capitalized
for e2Jo,oOo, the stock having been dis
pofed OF nj n premium ~ 10 per cent.
This has realized n surplus Of sjO.0nO, IN
cash.
Messrs. Thomas ID. Parker and $. C.
)ellaven, the field superin,endents Of
the Colorado National Life Assurance
Company, ARE in Monte Vista. and they
report large amount Of business. Us
having been secured by them here. for
the home organization. They deciar.
that II IL the Colorado Idea which il
selling the policies of tn. company. when
taken INTO consideration with tn. mod
ern. up To date features 81 the policies
themselves. They say, further. thnt II il
well for intending insurers To know that.
under the laws ~ the State. the funds III
the Colorado Life Assurance. Company
have 10 be invested N Colorado. nnl
that. therefore. tn. company stands for
the development of tn" Centennial state.
w IL Peacock suy. q Ora