The Evening statesman. [volume] (Walla Walla, Wash.) 1903-1910, 1905-05-25
PROMINENT INSURANCE MAN
II. Allenbers Of Spokane, General
Manager of Equitable Life
for Washington.

H. Allenberg of Spokane, general
manager of the Equitable Life Assur-
ance Society for above territory, ar
rived in the city this morning.
Mr.. Allenberg is in town to attend
meeting that was held today by the
local Equitable staff, which operates
under the directions of Milton Huber,
district manager.
Mr.. Allenberg congratulated Mr..
Huber and mis- field workers on the
good work they had done this spring.
Compared with last year they had
practically more than doubled the bust
ness of their agency. This successful
work was doubly gratifying to him as
it occurred simultaneously with the
trouble some of the officials of the
company were having among them
selves in New York and which has
been so fully aired in all the papers.
AS Mr.. Allenberg has just returned
from New York where he attended
the general managers convention and
had the honor of acting on the COM
mittee of five on resolutions, the COM
mittee that ratified the naturalization
of the company, he was asked by
Statesman reporter relative to the
Equitable's recent troubles. Mr.. AL
lenberg replied:
"The principal points that were up for
settlement by the company's officials
have now been solved. This week our
agency is sending out an official letter
to policy holders that satisfactorily
explains how the society is now oper-
ating on a solid mutual basis. Fur
Their, with all the newspaper contro-
versy nothing has appeared that in
anyway diminishes the company's high
standing, signal success and greatness
in the insurance field. When one in
sures with the Equitable he doesn't
take out policy with any one agent
or individuals, but he insures with an
government to fulfill all it's contracts
and that is something the Equitable
has always done. It's present trouble
if anything, will result in thorough
cleansing and the company should
meet with greater success in the flu
ture than ever before"
In connection with these remarks of
Mr.. Allenberg it might be of interest
to note here what State Insurance
Commissioner J. H. Scnively said in
yesterdays Spokesman-Review re-
garding the Squitable.
mo policy holder need be alarmed
or unsettled in mind over the squabble
in the Equitable Life Assurance So
ciety," said State Insurance Commits
sioner J. H. Schively at the Hotel Spo-
kane last night. Our department, in
common, suppose, with the insurance
departments of nearly all other states,
has investigated the troubles of the
Equitable, and we are convinced be-
yond all doubt that the solidity Of that
company is not affected by this inter-
nal struggle for control.
1.-The struggle has been sensational
one, and has done the company no
good. At the same time it has not ma
terially injured it's business, so far as
l am able to learn. Policy holders, of
course, have taken a deep interest in
the scrap, but comparatively few have
Cancelled their policies as a result of it.
"Our department has the power, un-
der our state law, to revoke the license
of any company to do business in the
state. To protect our people we in
quired into the Equitable's troubles,
and after complete investigation we
are satisfied that no cause exists to re-
woke it's license