The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1909-10-02
Formidable Com

s. Bailey, insurance, Topeka; Frank
| s. Thomas, real estate and loans, To-
peka; Harry Dick, druggist, Law
renee; CHARLES D. Makepeace, Wichi-
ia; +. o. Morns and G.. X. Myers,
grocers, Topeka; R. c. Gafford, bank
er, Minneapolis; F. P. Metzger, presi-
dent German American bank, Topeka;
John P. Everingham, ex-superin-
tenaent OF insurance of Nebraska,
rear estate, Topeka; Louis Palenske,
banker, Alma; Robert Stone, lawyer,
Topeka; L. j. Sweeney, national sec
rotary Fraternal Aid association, Law
renee; H. E. Don Carlos, national
president F'raternal Aid association,
Lawrence; Samuel P. Moore, ex-coun-
ty treasurer Douglas county and as
slStant bank commissioners; George w.
Brooks, Capital Iron Works, Topeka
Charles K. Holiday, capitalist. To-
Fire Insurance Co, Topeka; W. w.
walker, national secretary Sons and
Daughters of Justice, Minneapolis
But Two Kansas Companies
Until the organization of the Home
Mutual there were but two insurance
this state. Half of this number were
companies organized by Wall street
HAYES secured licenses to operate in
companies in Kansas while forty
bankers and brokers' Each year $4,--
581,678 is paid out to these foreign
companies and the total losses paid
by these companies and claims await
ing settlement amount to $1,663,4O6
leaving a difference of $3,128272
which is removed from the state
every year, total loss except to the
other fellow. The two home compan-
les have assets amounting to $119,440
and taxes are paid on this amount
Then why not organize and support
fifty to do the work? Why not buy
a policy in a company, the soundness
of which is guaranteed by the wealth
and experience of business men who
have been highly successful in their
every venture? Why not have one
more institution in the state which
will pay thousands of dollars into the
treasury of the state, which will as
s1st the taxpayer to settle the ex-
penses of the state? When every adj
vantage is offered by this company
that is offered by all other legal re-
serve companies and at the same !
time affords the ordinary wage earn
er opportunity to carry a policy com |
mensurate with his salary, the COM !
pany should receive the loyal support |
of all KanSans.
Where the Money Goes.
AS the premium on the thousands !
OF dollars of policies is paid into the .
insurance companies treasures the |
greater portion is returned to the |
West and loaned back to the farmers (
taxes at June and December, and for |
use in various ways, but in each and |
every instance the money loaned back |
to the farmer or business man draws |
interest and again the Kansas citizen /
is paying toll to the Eastern capital |
list. 1t is an endless chain with no Kan |
sas links therein. That same chain |
however dragS unmercilessly across |
the fair commonwealth and carries /
the gold away. No use of this. Kan |
sas men are as capable of handling /
the business affairs of the insurance |
Atlantic coast, in Iowa, Missouri or !
any other state.
Policies and Principles.
All policies written by the Mutual
will be participating, the rates
the same as the Aetna,
Prudential and other companies wri-
ting non-participating policies. Every
feature of the policy is guaranteed
and non-contestable All policies will
provide for a paid-up insurance. ex-
tended insurance, cash loans and
cash surrender options. These provis-
ons make the policy a profitable in
vestment for a. poor man as we'll as
lay. There is no participating clause
no disappointmentS over
accumulated profits when the policy
natures. Usually it is supposed life
insurance is written for the purpose
If insuring suitable and comfortable
provision for dependents or families
md policy carrying participating or
profit sharing clauses invariably car
les a much higher premium. This
lmount of money paid in to the COM
0any in excess of the straight life
premium, amounts to the face of the
wenty years, the usual term of such