The Montgomery advertiser. [volume] (Montgomery, Ala.) 1885-1982, 1909-05-26

this State and felt secure in carrying
our contentious to the Supreme Court.
In as much as the decision Is In favor
Of special contracts, 1t is Of course not
our purpose to undertake to further
prevent its use in the State. but IL Is
our purpose to use our best endeavors
to persuade companies not to make
use of such contracts In Ala
bama. We do not desire
a repetition OF the demoralizing condi-
lions, consequent upon this practice.
TO which we have been subjected In
the last few years. The decision has
been printed in. pamphlet form and
copies thereof will be mailed to any
address upon request.
Premium Tax collected from IMAM
thorized Companies During April.
Peli City Hardware Co. Pefl City;
Smith Hardware Co., Ensley. and Bras
well Hardware Co.. Demopolis. carry
ing policies In the Hardware Dealers
Mutual Fire Insurance Co, of Berlin.
Wis, amounted to $500. the premium
thereon being $227, / per cent of@which.
$2.27, was paid to the Department.
The Great American Life ReOrganized.
Announcement is made of the result
of the meeting Of the stockholders OF
the Great American Life Insurance
Company Of st. Louis. on April !. me
following named persons were elected
a Board OF Directors to serve until jan
uary, 1910: Massey Wilson. P. j. Do
err, August Schlafiy. George p Mur-
rim, ]. w. Perry, Henry Miller. VIII
liam II. O'Brien, John B. Chrfsten-
sen, Samuel Quinn.
Life Insurance Limitation Law.
The Supreme Court of New York has
held as constitutional the famous Sec
ton 90 of the Insurance Law OF New
York. limiting the amount of new bus
mess permitted to be written by New
York Insurance Companies In one year
to Sl5O,000000. This applies to ordi-
nary insurance. 1t appears that no
Limitation is placed on the amount of
year.
Equitable Fire Insurance Company Of
Charleston, 3. C. Admitted.
An April 10. license was issued to
the Equitable Fire Insurance Company
of Charleston, s.. c., to transact bust
ness In this State. The company by
its sworn statement Of December 81.
1908. shows total admitted assets $274.-
9s5: capital. 100000: surplus over all
liabilities $54.s71; surplus to policy
holders. s174.S7f. This company was
incorporated December II. 1894 and
began bushes. March 10. 1895. It's
President Is David Hughenin and Sec
rotary William H. Mazyck.
Ten Million Dollar Company.
It is announced from Chicago and
New York that movement has been
launched for the Incorporation OF the
worlds Largest Insurance Company,
the authorized capital Of which is pro-
posed to be $10.000.000, and surplus
of $40.o00.o00, and that the business Of
the company will cover fifty-one lines.
1t is our understanding that circulars
are being mailed to agents of other
companies everywhere outlining thu
proposition. We know of nothing au-
thentic regarding this movement and
have no suggestions to offer except to
advise those who receiye circular nat-
ter, of this kind or of any other kind
for that matter, soliciting subscriptions
to stock, etc, to be on their guard. It
Is our information that already some
agents in Alabama have sent money
on account of stock subscriptions.
william Norris Compton.
1t is interesting to note the success
OF Alabamians in other than local in
surance fields. William Norris Comp
ton, who was born in Alabama thirty
eight years ago., and graduated at the
&niversity of Alabama in the class of
1855 has recently been appointed Gem
erAl Agent of the John Hancock Mus
tual Life Insurance Company for
Greater New York. He formerly rep
resented the New York Life Insurance
Company in Washington, ID. c., for a
number of years. He enjoys the rep
utation of having been successful in
many important activities.
Mr.. Compton Is a son of Hon. ]. C.
Compton OF Selma, who was at one
time President Of the Alabama State
Senate. and who ranks among the
prominent lawyers of the State.
Ctfixens' Life Examination.
On March 20, Mr.. s. H. Wolfe, Ac.
tuary, of New York, filed his report
Of the examinations OF the Citizens
Life Insurance Company of Louisville,
KY. made by authority of the Ala
bama Department. The report gives