The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-08-22
Interest in Fraterna congress.

1IeTedt III fIdr6Iud congress.
More than ordinary interest attaches
to the numerous insurance conventions
that are to be held In various parts OF the
september ]. Chief interest seemingly
centers In the gathering of the insurance
commissioners OF all the states In the
unlons and the National Fraternal con-
gress and the Associated Fraternities OF
America. AT the gathering OF the latter
Two organizations. discussion will be had
on the proposed uniform bill for the rcSu-
lation OF fraternals. agreed upon at the
conferences Of the insurance commission
ers and the representatives of both organ
lzations short time ago In New York
City. For years past the fraternals have
claimed that the insurance departments
OF the different states were trying to
by prescribing certain rates which were
TO be collected at specified date,
The agrsement reached tentatively at
Valuations M shall be {orthcoming h min after
1912 and at a later date all societies will
be compelled TO show an annual improve
ment In condition. If this valuation fails
standard mortality tables adopted
The Spectator has made tabulation
Of experience Of fraternals arranged In
four groups. according to age. In those
societies over thirty-flve years old the
rates OF deaths per 1000 was 2S.73 last
year, a steady increase. while the mem
cent in the past five years. The second
group OF fraternals between thirty and
thirty-flye years old has ratio OF IL. SO
group, between twenty-five and thirty
years, includes the Modern Woodmen OF
America, the largest of the fraternal So
cieties, and has a mortality of 1916 In
1903. an increase from 7.45 in 1904. The
fourth group shows death ratio Of 7.2f.
Taking the fraternal orders as a whole
death ratio from s.93 to ILL in the last
decade. while the lapse rate on new is
sues increased from 80 in 1899 10 50.37
In 1909.
Predictions are being made that there
will be strong opposition 10 the proposed
uniform bill In both conventions. which
might encompass It's defeat. BE that as
1t may. the commissioners Will recon-
mend to the different states the adoption
OF the bill agreed upon.
A Little Untold History.
An interesting story is being told by
one of the founders OF the Pacific Mutual
Life Insurance company OF California.
which goes TO prove that it was not the
rich who benefited most by the life in
surance money of the late Governor Jc-
land Stanford of California. but the
great university that bears his name and
gives education to thousands Of poor STU
dents. The story as related by DR., w.
K. Cluness OF the Pacific Mutual is as fol-
lows: Governor Stanford was the first
president of our company and policy No.
for 10000 was issued 10 him, He died
during the panic OF 1898 when money was
so scarce that the richest men could. with
difficulty get ready money for their per
sonal expenses. The richer the man the
more the banks expected him TO walt for
money. His death left his widow a multi
millionaire. but she did not have money
enough literally to pay the funeral eN-
penses, She wrote to her husbands mil
llonaire associates, but they were as badly
of as she. Mrs. Stanford's secretary, in
looking through the governors papers.
discovered a large envelope which he said
looked as II II contained life insurance
policy. but Mrs. Stanford was sure he
carried none. The envelope proved, how
ever. 10 contain the famous policy No. 1.
paid up. She called in her attorney, the
and said, Why. here is ready money for
you. Mrs. Stanford cash In hand The
next day Mrs. Stanford received n check
for Sl1.7Si. And said Mrs Stanford fr
a check for $500 to President Jordan or
Stanford. and that check was the money
that kept the doors Of the university
open
Tooele City Fire Losses.
Local fire agencies carried $3.50 of
destroyed by fire in Tooele week ago.
The adtusters for the companies are at
work and II is believed that the amount
insured for will not fall far short OF what
the companies Will be required 10 pay out.
The Peirce mon board" agency is the
heaviest loser. the insurance in force be-
ing $lS.i5o The Home Fire and the
Windsor company also sustained small
losses The companies involved and the
of Insurance carried by each are
as follows Globe s. Rutgers, $3.50 Dix
iS; sao Sl25o: Stuyvesant S1.5O: Dutchess.
}ionai $500; commonwealth' % fI' $500. o:etDn Pn-
buque. $1,000, all Pcirce companies. Those
insured were: Droubay & Sons Co., Bar
on & Co, Sackett g. Kehoe. The Homo
Fire carried SI0n on the building and con-
OrrIniG1 nyhil
Windsor company carried $3.50 only on
the saloon owned by st. Clair Williams.
Companies Writing Again.
The fire companies which a few weeks
ago announced their intention OF with
drawing from the state OF Texas. follow
Ing the action Of the state rating board
the rates. have resumed the
phase of the situation was the result
Of n ruling made by the rating board
to the effect that the order of July IL
for Il reduction of rates does not apply
TO policies issued prior TO that date.
A new bill Is now before the special
egIsature. which, II passed. will leave
things practically as they were before
he new board was created. and as the |
ormation of this body was the chief bone !
If contention, 1t is believed that matters |
will now assume a normal condition.
governors appointce for insurance COM
missioner, Frederick Won Rosenberg. The |
orccd retirement OF Judge William Il.
hawkins gave The insurance companies
title, " any. concern
False Statements Alleged.
The supreme court of New Mexico has
fflrmcd the Judgment of the lower court
n the case OF Emclia NJ Perea. widow
II Pedro Pcrea. former delegate in con-
,rcss. against the State Life In Indianap
lis.