Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1905-04-05
Insurance Tax Committed
by State Assessors.
Increase in the Corporation
Business Over 1904.
New Scheme of "Birth insurance.
Other Notes.


divided as follows: Stock companies
of other states, $2S,313,94; mutual COM
panies of other states, $119S61; COM
panies of foreign countries, $9.745.1S;
miscellaneous companies, s5,366.87; life
insurance company of Maine, the
Union Mutual Company of Portland,
s9,597.63; life insurance companies of
other states, $50,920.39.
The largest tax, $7,34S.73 Of the life
insurance companies is paid by the
Metropolitan Life Insurance Company
of New York and the largest tax. So
22O.S6, Of the fire and marine insurance
companies, is paid by the Insurance
Company of North America of Phila-
delphia. The tax is assessed on the
amount of premiums received, less
return premiums on policies cancelled
and premiums paid for Reinsurance.
The Hon. Oramandel Smith, State
treasurer, announced Tuesday, that
during the first three months of this
year the sum of $23.905.OO was received
from the organization of new corpora
tions as against $15,960 for the cores
ponding period n year ago, an increase
of $7,945.OO. Since the first of January
Z49 cOTpOIdtlOliS nave DeeIl IOFIIleO
der the general laws of the State, di-
vided by months as follows: January,
rs; February. 20; March, SO.
c. E. Ball of Athens, has been chosen
superintendent of union of towns
comprising Athens. Concord and Mos
COW, and plantations Caratunk, Plea
SAINT Ridge, The Forks. and West
Do no
agent of the educational department,
in a number of unOrganiZed townships.
The Maine battle flags, which were
mentioned in the State House column
of the Journal. have arrived. and We're
received at the adjutant generals office.
yesterday morning. The flags were
not on their stats, but were carefully
| folded in small packages. and in that
way shipped to their destination. AS
two of the flags, those of the 18th
Maine Volunteer Infantry, belonged to
Gen. Farnham's old regiment, he being
| at that time lieutenant colonel, and
Gen. c. w. Tilden of Hallowell, colonel
of the 18th, the flags will remain in
their packages until Gen. Farnhams
return from Bangor, when his will be
more under their home skies.
That the people of the State of Maine
are law abiding is attested to by the
many applications which are daily re-
ceived at the fish and game depart
ment, for revised copies of the fish and
game laws. The laws are not yet
ready for distribution, but the proof is
i'm the hands of the printer, and the
work is being hurried forward to COM
pletion as fast as possible.
Insurance Commissioner Carr is in
receipt of a request for a license on the
part of an insurance company to do
business in the State, which, he con-
fesses. is the most novel type of insu-
rance that he has yet encountered. The
| insurance is what is known as birth
| insurance" and is incorporated under
| the Massa chusetts Insurance laws. The
| company is operated on the mutual
! plan and by it's means the policy hold
crs may, by the payment of certain
small sum, monthly. receive on the
| birth of a living child a cash benefit OF
| from $50 to $500, depending on the class
| of policy and the number of payments
| made before the time of birth.
The promoters of the company claim
| that il is not a money making corpora
| ton. 1t is managed by women and for
| women. and no officer can receive
| salary or compensation for her services
AS an extra precaution for policy
| holders, an advisory board of persons
prominently identified with philan-
thropic work has been provided
for in the bylaws the mem
| hers of which inspect all claims
| for benefits. and no check drawn
by the Treasurer on the benefit fund is
| valid unless cOuntersigned by MEM
| her of this board. Membership in the
| company is open only to members OF
| the American Parents Educational
| Association, the objects of which are
| in brief. to bring about an educated,
| thoughtful and conscientious parent
hood. wisely planned and prepared for,
n parenthOod of choice and not OF
| chance.
| Commissioner Carr has the matter
| under consideration. and in speaking OF
| the peculiar nature of the insurance
| Yesterday. said that he was not certain
| that there was anything in the Maine
| laws that would cover it.
| The preliminary report of the State
insurance department. given out TINS
| week, shows that during the past year
in Maine there were 1929 fires wh1ch
| did damage to the amount of S2.2OI,3SO
The number of fires was smaller ana
the amount of damage less than Tor
the previous year. The percentage OF
;ncendiary fires. 10. is the lowest in
the history of the department. The re-
port shows the total number OF RISKS
written was $156O49.272. as follows:
| Comnanies of other states and coun-
tries. s145 ,2S5: Maine mutual COM
panies, 50, ssl. $50; special brokers. ses2'
1O7. The premiums received amounted
to s.. 4O4. 1874. divided as follows: COM
NAMES of other states and countries
| =, ooE 7a5. Maine mutual companies,
ss5 s4s: special brokers. s1s.75o. The
o,no,,nt of losses paid was Sl.436.09l
divided as follows: Companies of other
states and countries, sl.Ss6Sl'' Maine
|