The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1907-08-31
AUDITORS OFFICE
DOING GOOD WORK
State Official Putting the In
Surance Business on a
Sound Basis.
PRAISE FROM AUTHORITY.
COLORADO WRITES TO AUDIT
OR BiLLHEiMER, COMPLIMENT
ING HIM.


,lacs It's nc insurance business 0.
better basis in Indiana are meeting
18th such success that they are a
acting attention in other parts o
he country. E. e. Rittenhouse, com
Missioner of insurance In Colorado
as written the following letter Z
uditor Billheimer:
MY Dear Sir-I have observed wit
much pleasure the success which ha.
net your efforts to eliminate the ir
OCULAR methods of soliciting insu-
nee in your state. | believe that yc
ave accomplished more than an
Their state Official in this directio!
nd that you are entitled to NOR
,redit than any of them. because 20
ave won out without an anti-discrir
nation law. The forceful and tactft
manner in which you have handled tb
lificult and complicated insurance s.
leryisory matters in your state show
What the right man in the right plac
an do, even if he has no law to bacl
i'm. / feel that you have set an e.
client example for other officials |,
iimilar positions in other states, an
{ they would follow it they would d
he insurance public invaluable serv
&c. | have some idea OF the obstacle
1ou have encountered"
Praise Not Unmerited.
ID
Billheimer's work. as he made an ex.
animation of some Indiana companies
here. He is in authority to speak
about it.
What he says ought to convince the
public that practical insurance reform
is being accomplished in Indiana in
spite of the unfortunate disagreement
over insurance legislation in the re-
cent legislature. Radical insurance
reform was sought then as the only
means of protecting the interests of
the policy holders. The radicals would
not accept a compromise. and the in
surance bills were defeated.
In this connection it may not be
amiss to mention that the Democratic
members of the legislature paid no
attention to proposed insurance re-
forms except at times when they
thought they could play politics a
little and en1barrass the Republicans
State Receives Fortune.
Insurance taxes paid to the state
rom companies organized outside the
state for the first six months of this
year make a total almost as great as
they did for the first half of 1906, de-
spite several heavy losses that make
he taxes smaller. Cyrus w. Neal
deputy insurance commissioner, gives
)ut the total for the first six months
1T $173, 763.45, an amount $3,363.60
ess than the first six months of 1906.
nents have not been made. The ac-
ual amount paid in to the state treas
lrer is now $172, 750.45, but this
amount will be increased by the pay
nent later of the taxes of six other
whose taxes have been fig
lred, but not paid.
Mr.. Neal was a little surprised at
he showing made this half year.
small business and
leavy losses by both the fire and life
companies would cut down the taxes
o the state, he thought. The taxes
rom these companies outside the
tate are based on the net premium
eceipts over losses paid out and eth
II a small business or heavy losses
would reduce this net. Mr.. Meals
stimate about a month ago was that
he taxes would not be over $3.50, 900.
Under the system of accounting in
ogue during the days when the Dem
crats had control of the state, but
title attention was paid to insurance
ees and taxes, except by some officials
rho grew rich out of them. The state
ow receives enough income from in
urance taxes alone to more than pay
be salary of all its employees