Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1908-07-11

(AIl questions relating to life insur-
ance will be promptly answered by
the Press Bureau of the Utah Asso-
citation OF Life Underwriters. Address
T.. o. Box 42i, salt Lake City, Utab.)
The regular meeting of the associa-
ton has been postponed for one week,
from July to the IA, when delegates
to the national convention at Los
Angeles will be named and Il program
for the entertainment OF the visiting
eastern delegates discussed. Already a
handsome sum has been raised by the
committee. Governor John G. cutler
subscribed s25 with the assurance that
he was in hearty accord with the aims
of the association and pleased with the
good II had already accomplished. Mr.
c. A. Quigley was another contributor.
He also gave S25 with the hope that
others would follow suit. The mem
bers hope to give these eastern life
underwriters, a genuine idea of true
western hospitality, and to impress
them with the fact that life insurance
is as important IA factor in the make
up of western character as it is any
where in the world.
Kansas City, July fudge John C.
Pollock In the federal court here, last
night ordered that the property of the
NeSlcIH Lie
be disposed of and that the policies
amounting to $2,000,000 $4,000, 000) be
reinsured in some reliable company.
On May 16 last, upon petition of q
number of stockholders, a receiver for
the company was appointed by the fed
eral court. At that time 1t was thought
that the affairs of the company could
be adjusted, but the receiver found 1t
necessary to report to the court that he
could do nothing with the cotnpany's
dilapitated affairs
The above from the dispatches in the |
Deseret Evening News OF July Z. 1908, |
records the end of one OF those organ |
izations which have been writing |
business by promising, or |
seeming to promise. impossible profits |
In connection with the advisory boards
and stock option schemes, special con-
tracts. and other deceptive devices.
This is the company which last year
every other company doing
business in Utah, in the amount of bus
ness produced-going out to the people
>f this state in the sacred name of life |
insurance and grating upon the pub
lie an impossible scheme which had the
'esult only of taking from innocent
people hard-earned money. which Is
now irretrievably lost.
A number OF these companies have
been exploiting the citizens of Utah
or number of years, claiming, Ito use
he language of one of them):
"A record unequaled in insurance
history. Three and one-half millions in
is fourth full month--more than any
ID line company ever wrote up the
heir fourth full year, and more than
he conservative old line companies
wrote up to their eighteenth year.
Had II not been for the bold stand
4 the insurance department under Sec
etary Tingey and Colonel Squires, be-
'inning With the first of the year 1908,
great many more citizens of the state
I Utah would have mourned the loss
I money paid to these schemes of Wis
Dnary profits, but of absolute worth
Following is the program of the life
Underwriters at their quarterly meeting
Which Will be held at the Commercial
Tub, Tuesday evening, July II:
l-Election OF delegates and alternates
D the national convention at Los AM
eles, August 1922, 1905
2-"The Insurance Mana Speciality
alesman," II, N. Tolles. Philadelphia
manager OF the Sheldon School of
cientific Craftsmanship,