Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1908-01-13
..oioious Insurance Companies
Are Doomed to Combat
Officials.
UNDERWRITERS TO LEND AID.
,e, In Commercial Club Sat.
|" x,rb, Forces Join Hands to
plcht for Clean Methods.

w. s,r roundlng states was the
:|S ..or announced by the titan
,sasIation of Life underwri.ers
~ bird annual banquet Saturday
Eli The gathering was held IN the
2 ,,rinp hall of the Commercial
.,d was attended by over lou I'M
.,rriters and men and women friehus.
3 oocasion was much enjoyed. both
tho BANQUET itself and with re-
3 Tho addresses made after the
..ines 10 eat had been disposed OF.
rho menu was filed with the pes.
- .,,ons of the clubs chef. lnterposeo
,reer the various courses were
M In harmony with the event
.IH l,,ls,,ns that while life is a chance
luir ,,,rs noe is a dead certainty. For
,.orine's arrangements. a commit
s lne Ma charge which had as Its mem
w iobn ID. Spencer, NJ. l.. Robinson.
~ lanes and Joseph " Smith. me
4srngram committee was composer ol
' lu,1 q Farrell Rulon ;. Welis. u. Il
,,i,eston, John D. Spencer and "
hi peterson. The committee on receP-
a., had as members Rudolph konold.
Sf ,,Vp n 10 Iones A. G. Allen. +. j. Raw
lisa. y P, Wells, ID. f. Wissmar, Ed.
sotn. L. II. Stohr. George w. Peck
- smith Rulon S. Wells was
81 .sost,naster and was introduced by
p,.nsIdent WIN G. Farrell. Responses
- made by n. q. Stringham. fhe
& ,,,id Man of $685." A. C. Shaw, original
81 -asSing Money Mad" d. II. Living
s,or SThe Agent and the Public"
" s Wallace, 1.-THE One-Legged
81 Goose Musical numbers which
81 added greatly TO the enjoyment OF the
a evening were two piano numbers by
~ rdr!ard Kimball and Miss Edna EV-
.ms who sang very sweetly, Love
a laughs" by -Kimball. and "When
81 cunld Comes,'' by White.
a ~'rhe Amor of Strength IS Honesty
a was the subject of an address which
u.as IN have been given by President
& Joseph +. Smith. Because of an over
H Ioosed engagement, President Smith
d ,onna himself unable to attend and
s sent his regrets, the announcement OF
q which occasioned much disappoint-
a ment.
: The principal address OF the evening
4 Was given by Col. George b. Squires,
assistant secretary of state, who is In
charge of the insurance department OF
8 the state. and whose utterances In Ia
! vor OF better things in life insurance
! we're enthusiastically aDplauded. Col.
y so1lires declared that the po-
sition Of the state Is decidedly
hostile 10 suspicious insurance com
Il panies. against whom strenuous warfare
4 is to be waged In this he asked the
q support OF all honest insurance men in
a the state. Col. Squires also paid a high
8 tribute to the life insurance man as a
& benefactor In humanity's interest. In
3 part he said
q "A year ago your association was en-
! gagged in u struggle TO procure certain
1 mucn needed legislation in this state,
not only for the protection OF insui :
! ance companies and their agents, but
4 also for the protection of the insurlns
public Ii there could have been Il
united purpose, If all conflicting inter-
ests could have Joined in one effort
+ for the passage OF a law upon the me-
E cessity for which all were agreed. tho
7 result might have. been accomplished
s No one was more disappointed over
E The failure Of the Legislature to accom-
= pllsh something in behalf of new
: Insurance code than the insurance de-
4 parlment. our laws are so uttely In
4 adequate that l feel like apologizlng
4 for them whenever copy is called
& for from without the state.
II illt AIfti lttiNlith Aht
j conclusion that even without the new
4 legislation which we sought, without
{ any positive prohibition in the stat
utes against certain practises the time
has come when these practises must
cease. There shall no longer be writ
ten within the state any advisory
board contracts, or special service con-
q tracts and no selling or giving away
Of stocks of any agency company or
insurance company as an inducement
Tor the sale of life Insurance. nor
& shall any other inducement be Of
4 fered which may be devised In the
interest OF class and at the expense
1 Of the body of policyholders. 1t may
i seem like locking the stable door
after the horse has been stolen TO take
llls step now, for number OF COM
4 palies have entered here. and after
covering the state with their agents
When the field had been thoroughly
cleaned, folded their tents like the
Arabs and silently stole away to 9TH
CT and greener fields.
RESTRICTION IS FIXED.
"A few days ago an application was
maze to the department for the admis-
sion Of another of these companies to
me state, which application was met
WIN the following statement: You are
alNlsed that this department win not
ADMIT TO this state for the year. 1908
any NE insurance company that Is
sellng insurance. through advisory
board contracts. special service con-
Iaets or stock issues of any descrip-
non or any other inducement which
emounts to rebating or discrimination
nv favor OF any class of policyholders
lheSo schemes cannot he successfully
introduced In 81 tyff DO
Inception without promise OF profits
en pNlrhFagant AS TO he wholly impos-
siole OF realization. and when the un-
uppy victim OF such misrepresenta-
.luU " brought face Ia face with the
rum ne has the choice of either swal-
p"ihg his disappointment and going
W, WIN his contract or OF sacrificing
mh't ne has paid and lapsing his poli-
~ ahu IN either case he Is OUTRAGED
san1 injured and has become an enemy
ne Insurance of any kind.
SHOULD GET IN HONESTLY.
u " not enough that an insurance
nnipaNy should care for pollcyholcers
nuh.} honestly; II should DO made to
o.. " honestly or so out OF business.
or hlllenhouse, insurance commits
sun'l Of Colorado. who has done such
t'snllu service IN the cause OF safe
sn san" Insurance. has published
n9 hRures taken from a book OF
pHnlta estimates of future profits used
NJ ~ -. business In this and other states
go 'suInated profits on the agency
st"ehi ana the earnings OF the insur-
"lee company at ages from 25 10 (,
Insurance. ''"'' ~
Age 95---
Total Urpfnfu,,.. 49,, ~