Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1906-06-28
President of Des Moines Life
Was Reduced From $4,000
to $500 January l
SUGGESTED BY AUD. CARROLL
Some interesting Testimony Given Be-
fore the Insurance Commission Now
investigating the Life Companies
of Iowa - cummins Closes His Cam
paisn.
Special TO Times-Republlcan.

Special TO Times-R Republican.
Des Moines, June 2S.-Before the in,
surance investigation commission yes
terday, President c. r. Rawson, OF the
Des Moines Life Insurance Company
made the statement that his salar,
was lowered from $4,000 to $500 {
year January l. 1906, at the suggestion
of Auditor of State r. F. Carroll tina
the salaries paid by the Des Mones
Life We're too large compared witt
/ that total reduction of $1l.000 hat
been made in the salary list, the sal
airy of Mrs. c. Z. Rawson being re.
/ duced from $4,000 to $4,000. He testi-
fled that he has received from the COM
pany as an officer since he had beer
| with it a total of $4,000 in IA years
and Mrs. Rawson had received tota
of about $35, 900 in the same length OF
time.
i Mr. Rawson was the first witness
from the Des Moines Life before the
commission and aside from the investi-
| cation into the affairs of the Des
/ Moines itself the questions asked him
| showed that the commission Is giving
! serious thought to recommending to
! the legislature a separate insurance de-
| partment. President Rawson took a
position favoring it, claiming that the
insurance companies paid enough taxes
to pay the salaries of every one in the
state house.
| President Rawson was the first of
ticer of the Des Moines Life to be ex-
alnined. He testified that he had re-
ceived $4,000 from the Des Moines
Life as salary during the fourteen
/ years he had been connected with it. In
1900 he received $4,000 year and his
salary had been gradually raised I'M
| til it reached $4,000. Last January it
| and all the other salaries were lowered
at the request of the state auditor. He
| testified that his wife, Mrs. c. E. Raw
! son is vice president of the company
and receives $4,000. but previous to
January l she received $4,000. She
had received $4,000 from the COM
pany in fourteen years. He testified
| that his company had its investments
in land, having $150,000 in mortgages
on Iowa farms and other investments
in land mortgages in numerous western
states.
Questions put to President Rawson
by members Of the commission and al
so questions put to Henry NOllen, Sec
rotary of the Bankers Life, showed
that the commission is giving consid-
era BILE attention to the uniform policy
matters and the annual distribution Of
dividends, requiring insurance COM
panies to make statements to its pol
fcyholders of the salaries of its Of
ficers, and a separate department for
insurance separte from the auditors
Office. Henry Nollen suggested that the
governor appoint two directors on each
dir ecto,. board. President Rawson OPP
posed it. President Rawson also oppos-
ed the suggestion that the salaries paid
officers be reported to the policyhold
erS
eff the salaries paid should be pub
lished, there would be 5000 policyhold-
ers offer to take my position at SAL
airy Of $1,000 a year." said Mr.. Raw
son to the commission. II believe in
paying Salaries lIldl w III EGl pIle UGSl
men. We can operate temporarily on
our reduced salaries but we cannot
hope to hold the class of men now IN
the Des Moines Life unless we can
soon reinstate the old salaries"
Four forms of policies are being
considered by the commission. The
limited life, limited payment life, ordin-
airy life and endowment life. The plan
rs to allow all insurance companies to
write these four kinds of policies but
to require uniformity as between in
surance companies, the state providing
the form of the policy.
Governor A. B. Cummins will close
his campaign Friday when he speaks
in Marion county. This campaign has
been one of the hardest the governor
has ever experienced and in spite of
the arduous labors, rushing from one
county to another speaking several
times each day and living on trains the
governor has kept marvelously good
health. Following the close of the
campaign tomorrow night he has ardu-
Gus duties still facing him. One week
from Monday the executive council
takes up the matter of making the
railroad assessments and follow
ing three days Of open hearings there
will be hearings of the express and
telegraph and telephone companies and
then a couple of weeks of hard work
in making up the assessments. This
will consume the greater part of the
month of July and probably more and
connected with the other duties of the
governors office will give the governor
no opportunity for breathing spell
till after the state convention. Ar
rangements for the United States sem
atorial convention will then follow
closely on the heels of the other du-
ties, and the fall campaign will open
early in September The preparations
for the campaign must be made before
that time and the chances for a rest
for Governor Cummins this year are
consequently very slim, and less than
two months will elapse after the cleo
ton before the legislature convenes
again.
The position of DR.. F. II. Rule of
Ackley, on the state dental board ex-
pires July 81 and the position Of Wit
ter H. Johnston of Fort Dodge on the
library commission expires June 30.
These positions and number of 9TH
ers that are yet to be appointed in
Guiding the Iowa delegation to the
United States senatorial convention,
will likely be taken up next week.
Alfred Shepherd, Iowa state factory
ha fofo l,h