Twice-a-week plain dealer. (Cresco, Howard County, Iowa) 1895-1913, 1906-09-25
oppose change In Rates.


Oppose Change In Rates.
i Des Moines.- The Fraternal Con
gress of Iowa voted unanimously tc
resist the efforts of the insurance leg
islative commission and the legisia-
ture OF next winter to effect the pas
sage of statutes regulative of the rates
| OF insurance charged by fraternal So
cieties.
| u. b. Evans of Dos Moines offered a
resolution instructing the legislative
committee of the congress 10 support
legislation which would prohibit the
Organization in the future of frater,
nal societies not based on adequate
rates, and to urge legislation requir.
Ing existing societies, within q certain
period, to transfer their business to a
minimum rate 25 per cent under the
american experience tables.
| w. r. Koch Of Des Moines instantly
ofered a substitute instructing the
| legislative committee to oppose and
defeat any legislation affecting the
rates of fraternals.
When the question came to vote
after ample discussion, the voice for the
Koch substitute was so vigorous that
the friends of legislation along this
lne maintained silence, so that, to all
lntents and purposes, the action was
| unanimous
The Koch resolution, as adopted, fol-
lows:
Whereas, the recent conventions
OF the National Fraternal congress
and the Associated Fraternities of
OF America both deemed it wise that
legislation in the various state legisla-
lures, with reference to fraternal SO.
cieties, should be opposed:
Therefore, be it resolved, by the
Iowa Fraternal Congress. that our leg
lslatiye committee be instructed to op-
pose any legislation, which woulu at
feet the fraternal system.
Especially would it be unwise. at
this time, when there is national
movement looking toward the unitica.
ton of the fraternal system. to have
any legislation enacted which might
work great detriment to fraternal So
cieties and their thousands of mem
bers in this state"
The discussion of adequate rates
was the absorbing topic of the meet.
ing.
The following officers were elected
for the ensuing year. by reclamation:
Prestdent-F. r. Korns of Des
Moines.
Vice president-Mrs E. M. DeGrush
Of Ottumwa.
Secretary-treasurer-Joh ohm w. Geiger
OF Cedar Rapids.
Executive committee-W. F.. Koch
Of Des Moines and r. A. Moses of
Cedar Rapids.
Mr.. Moses extended an invitation to
the society to meet at Cedar Rapids
next year. but withdrew it when Des
Moines extended an invitation through
Mr.. Korns.
$26,598,215 Now In Banks.
Statements for the eighteen Des
Mofnes banks rendered in response TO
the recent call OF the auditor show
total deposits at this time amounting
to $25,59S. 215.4i, and loans amounting
to s21.169, 972.26. This is the largest
sum on deposit in the history of Des
Moines.
The deposits exceed those for the
corresponding call in 1905 by s3,ss4,-
665.S5 and the loans are In excess Of
the total amount at that time by ST.
$50 .244l7. The total deposits at that
time amounted to s22.763, 549. SIS
and the total loans to s1S.439. 1850.
{r,F
January of this year the total deposits
amounted to s22,363,5S5.22 and the to-
tai loans S19,5S0,475.41. Thus it Is
shown that the increase in deposits
during the year thus far has been re.
markable.
The condition of the Des Moines
banks is considered especially credit
able, in view of the fact that the de-
mand for money is increasing and in
the east the deposits as rule in the
big banks are not so heavy as they
have been. In the east interest rates
are advanced and the loans are heavy.
This is due to the demand for money
to carry on the tremendous business
which is general throughout the coun-
try at this time rather than to any
scarcity.
May Bond Agents.
A proposition to require all FIRE in.
surance agents, solicitors, adjusters,
etc., to give bond is being considered
by the legislative insurance inves,i-
CATION commission. now In session at
the state house.
At present 1t Is said the companies
have no check on the agents except
their belief in the agents honesty
Frequently irresponsible agents make
statements or promises to policy hold.
ers which they have no right to bind
the company to obey. A fire occurs
and trouble between the company and
the assured follows.
The theory on which 1t is proposed
to bond agents is that then the com.
pany can settle with the assured with
out dispute argument or litigation,
and recover from the agent whatever
1T has unjustly paid the policy holder
At present practically no agents are
under bond and practically any ona
who wants to can solicit IRE inspr.
an,e.
.iiopes of tuberculosis Society.
Fliends of the movement to estab.
fish state sanitarlum for persons az
stllcted with tuberculosis have been
gi;s, lied by the denomination in Van.
Buren, county of l.. F. Summers, the
Representative who introduced the hill
n 4 0SI