The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1907-04-03
Address by F. f. McMull'
President of the Nation.l
Life Underwriters.
CLAIMS INSURANCE Is
BEST BUSINESS IN WOR|
Salt Lake Insurance Men n,
a Rousing Meeting at thu
Commercial Club.

president or the National Associs,
Of Life Underwriters, was o,oss
the local association at a hano,s.
the knutsford, Monday evening
addressed a representative audierc.
Salt Lake life insurance men AZ
Commercial cluhrooms last night .
McMullen is visiting the various \
stituent organizations of the asso
tion In the United States and is
beginning his return journey to n
York after q trip through the g.,
and the Pacific coast. II
In his introduction Mr.. Mcyn,
spoke concerning the measures Al
have been occupying the attention|
the Legislatures in the Southern Sts
recently. and naturally some Of b;s|
marks along this line were not era>
commendatory. IN speaking Of cor
tions in Alabama, for instance he
serted that the rates of taxation =
rather high He also spoke in dero
tory terms concerning the bill nj
is now pending before the Texas IL
lature, which if passed would com
the life insurance companies 10 A.
three-fourths of their reserve in III
securities, which are not proteetsd'
the State. He will leave TODAY
Denver, where he will address a M
ganization. Mr.. McMullen said /
part: n
The National Association Of LIfe Il
derwriters Is an earnest body Of n
voluntarily engaged In the highly "a
mendaole task of making better the ii
business In the world. The moyen<
started in Boston in 1883 by the organ
tion of a local association in that a
Pittsburg organized In 1886 and from
time until 1890 there were fourteen A
associations organized. In the sprine
1890 the leaders of the movement md
Boston for the purpose OF discussing
advisabiiity of forming q national So
that meeting resulted In a call 70,
general meeting or convention, which,
in Boston In the following June. n
gates were present from all OF the Il
teen local associations and the NATL
association was born. This confedera
OF interest gave stimulus 10 the md
ment which has since steadily grd
both in members and influence, until 4
they havo tifty-two associations In
United States and twenty In Canada
Object of Association.
The primary and. indeed, the ultinr
object of our association Is 10 prom
in every legitimate way. the best I'M
ests OF life Insurance: which, In the
analysis, means the hest interest of 4
State and society. because life insure
builds and elevates both. This We n
sought TO accomplish. first, by ran
the standard OF those engaged In
business; and second, by advocating
reform legislation and preventing. IN
far as possible, the passage OF unwisa
surance laws. proposed by well-menr
but misguided legislators. having
knowledge Of the technicalities OF
most technical business. Il
We were pioneers In reform leglsiau
for as far back as 1887. twenty years bel
the Armstrong committee undertook
hegculean task OF reconstructing by y
islatlve enactment In one dash te
nical business. the building OF which
been the work OF experts for more u
caused to have placed upon the stat
books OF Massachusetts the first anti
bate law ever enacted by any 81
Since that time our associations N
been responsible for the passage OF sun
laws I'm more than twenty states.
Our well-known activity along this
and the fact that we are the only nano
body OF insurance men. doubtless
geSted to President Roosevelt our ~"
as delegates 10 the conference OF GOT
nors. Attorneys General and lnsur4
Commissioners called at his sugse&
about Il year ago for the purpose oi
mulatins sane. uniform Insurance ~
lation for the several States. -
Because of some dishonesty, miEn'
agemcnt and disregard for the islin
handling of trust funds by rev ~
vlduals, involving a considerablc Va
which. however, amounts 10 but q I
trifle TO each policyholder. the wnoie ~
ness Of life Insurance has been sup!o,,
to most trying ordeal during tne ~ ~
two years: but, we are proud 10 say
during that time not a single COMFY
even faltered in the prompt paymels
its obligations and all emerged sounu
the core. l do not believe there ID il
other institution In the country
could have stood the test FOR thirty ~
Best Business in the World.
Our business Is the best business
the world, because IL adds moro 70
warp and woof OF human affairs tnaI =
other known institution. II pi9ins pro
thrift; 1t provides for helpless oia
il cares for the widows and orphans
thus decreases the drain on the tIsae
OF every commonwealth for thc ouyL
OF its Institutions for mental ana pm
cal delinquents, recruited IN the ~
from families left without life insui
Think OF an institution that lasl
disbursed 10 policyholders ana insS .,,sar
pendents over three hundred mi!h"hs
dollars and measure. OF you can, its -
1t 10 society and the State. Is y
then the plain duty of the stare ana
Nation TO foster and encourage Ns
timate life insurance companiesL
IL Is. l also believe. gentIemen'
achievements warrant us pressing u
ward. even In the face OF reduced, ~
pensation because Of unwise Ieg,ssH~
remembering that right ultimately -
walls. and that even the life insIu, insn,
agent is worthy OF bis hire ana WI
II; and that he represents the sIHI
beneicence the worm
ever seen. -.
Rev. Elmer /. Goshen, pastor q
First Congregational church or
city. delivered "A well-taken ahdIess
which he urged the insurance ns
be enthusiastic in their work. -
that il they could not believe tnss
worthy of their best efforts they ~
in Justice 10 themselves ana lns
lie. resign and find more congennl
He believed in good ins
ance, he said, but considered tne "a
who engages IN writing loW'grao
surance a base criminal. "a
Senator Williams spoke. eopsef.e
the life insurance laws OF Utanl
said that he considered the present
alton of insurance concerns TO DC
sonable. On the other hand, ne
vored the enactment of laws tnat n
afford better protection TO the insu
The next regular meeting Of tne.
ral association will be held next
1av evening. at which time tne
ton of officers will take place N