Twice-a-week plain dealer. (Cresco, Howard County, Iowa) 1895-1913, 1907-07-16
.Insurance Business Improyinq.

winch existed IN Tue mluuS VI
the people last year as to old |
line insurance. cpmanies, in
measure, ceased and the business
is assuming normal condition, &C
cording to the report of Auditor OF
State Carroll. while some of the
companies sustained loss of bust
ness by reason of the unsettled condi-
ton, as will appear from an eXamina-
ton Of this report as well as that OF |
the statements of the companies"
says Auditor Carroll, the. loss was
not material and the benefits to be
derived from the enactment of laws
for the correction of abuses found to |
exist and for the better regulation
OF insurance in the future, think far
outweigh any injury that has result
ed from the Investigations that have
been made"
There is practically no change in
the number Of life insurance COM
panies and associations transacting
business in the state since the date
of the last state report, there being
exactly the same number of old line
companies and of assessment life as
sociations and a slight increase in
the number of fraternal beneficiary
associations. There are now eight
old line life insurance companies or
ganized under the laws of this state
and another is just now completing
its organization. The business OF
these companies during the year 1906
showed an increase of more than So
100000, or about II per cent. The
fraternals of the state show about
the same per cent of increase, the to-
tai increase in business being slightly
more than $1O,0O0,0OO, or little less
than 10 per cent.
Says Auditor Carroll:
.The reserve deposit with this de.
partment has shown a constant in
crease for number Of years, the to-
tai deposit of old line companies and
assessment life associations being at
this time, $23,000000. The law re-
quiring fraternals to deposit their re-
serve with this department will per-
haps increase the total reserve depos-
It to about $24,0O0,000 after July 4,
when the statute with reference to
fraternals takes effect.
Upon the whole, ! think the lagis-
lstion enacted by the last session OF
the general assembly will prove not
only beneficial, but, In the main, sat
isfactory both to the people and to
the insurance interests of the state.
All things being considered, re-
gard the last years insurance busi-
ness In the state as being very salts
factory and in general believe that
the insurance interests are in better
condition than at any time since
came into Office"
&
Taxes Swell State Golfers.
More than $780, 900 in collateral IN.
heritance taxes swelled the state
treasury during the year which closed
/ on the Both.
This was less than the collections
of 1906, but, during that year the
Pames Callahan estate Of Des Moines
paid $4,000 to the state treasury, in
bulk.
/ 1t is probable that the Smell and
Wells estates will pay considerable
sums to the treasury during the COM
ing year and the collections OF 1908
may be equal to those of 1906.
For the year ending on the Goth,
1 $153,073.44 was paid to the state on
account Of collateral bequestss in
estates. In the preceding year the
treasury was enriched by the sum of
1907
Inc coiiections Tor the blennium
enolng Win June ~, 1908, were $685.
aso,oo ana no Ior tne preceding biennial
closed was the second of the biennial
period, its total collections Would be
i $343, s21.06.
but owing 70 the biennial elections
ahehament tne biennial period for
lhe state was puI forward one year
ana the year lso6 was an extra per-
100 an by user. On the basis OF the
tn OF lne past year, however,
Ihe receipts OF the state treasury from
De about 1000.
i,
"aNs soou sos.
quo iauper ana frank Mates state
lnas SATISFACTORY progress IS being
nuaae win lhe piahs lor the new
p Dio"eIy proposed 10 pc erected IN
Yes MONIES. Nearly al OF the stock
. mas peen paced, IN lact al OF i,
a.a. - AZ. W.. huber IS permitted 10
. .ne iaise amount ne mas pro
aai s " lake. ne WIN, II there is
NY az urgent demand from desirable
pei.Ns iol ~ Is expected that
~ per Cir, csns . u she STOCK O inc prev s
ess wiz pe ',i nela IN Des MONIES. The
ed this week unless soHe unexpected
II hltcn alters the plans.
So.
NS Csn' - s' rs ~ oPinlon.
= ~ tnmn o ~ aaa mas forwarded
~ tuo wv " Mauria legal opin-