The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-12-05
News of the Insurance World

second grand vice president: Edgar Y.
IlonsberScr, grand auditor; Whitford r.
wilson. grand secretary and treasurer
These officers have made contract with
the Philadelphia Life Insurance company
10 furnish profit sharing policies OF m
surancc Ia their members at the regular
old-liuc rates. which viii be reduced unch
year after dcductinE small percentage
necessary TO maintain safe and rca
son1blc net surplus above policy obliSa
tionS. The National Copper bank of this
city IS the depository or tho funds Of the
order. as well for funds which arc tc
be laid aside for a colony home for aged
and disabled members and their widows
and orphans. The tlrst colony homo will
be established in Utah aud viii consist
of 4 tract Of $40 acres of land aud the
necessary improvements. The plan OF
housing The members will be or tho cot
taGc order. when provision will al FIRST
be made for small number of mem
bcrs. II is also intended TO provide fun
educational facilities. as we'll as the cs-
tsblishment of an industrial school. In
short the entire system is intended To
rcyolutiouize present social conditions by
putting an end to all future strikes and
strife. The charter has been approved
by the state insurance department.
Insurance Notes.
The Equitable LILO paid $50 death
claims In the United states and Canada
during October. the payments totaling
sl.0S5.92i.
Darwin P Kingsley. president of the
New York Life has been elected a di-
rector or the National Surety company Of
New York.
salt Lake CITY has been favored With
a visit from number OF leading in
surancc officials during the past few
months They arc uuanlmous in saying
that the city looks good 20 them for in
vcstmcnt purposes.
The Home Circle Association OF Utah.
= fratornal beneficiary society was In
Corporatcd last week.
Charles T.. Hatfield has becu appointed
ascncy cashier In This city for the Equit-
able Life OF New York.
The membership Of the Utah Associa-
ton of Life Underwriters now numbers
lhirtv-uuc active field men, Three ncw
members were admitted at last Saiur-
days meeting,
Henry ]. Powell president Of the Ma
viii pay Salt Lake vislt some time
next week. and thc officers Of The
ltah association arc arranging 10 ha,c
'hr annual meeting and banquet held
While Mr. Powell is here.
The suggestion made TO the city couu
Gil by l.. {. ANtclI. member OF the Vet
Gran l'ircmcus association. that all fire
hydrants bc painted white so IS 10
be more easily located at night. seems
{" meet with general favor among local
iro agents.
The supreme court of Alabama has dc
cidcd that tho insurance law Which eN-
Cnpt.i Insurance policies from the M
surcd's iudcb edncss Is invalid.
The Iuiermountain Lifc Insurance com
p1ny al Utah, now in course Of forms-
ton. expects to commence writing in
surs,pcc the beginning Of The new year.
II Is reported thIl uuc-h3lf of the pro
posed l5oop0 shares have been dis
posed Of.
New York WIN follow the lead OF Chi
"Tgo. Chicago is erecting All uudcrwri,
"rS' building on an cNtcusivc plan TO ac-
Ccmmodat" all the local agencies in the
city urdcr one roof. number oil local
HgcutS declare i; within ihc range of
possibility FOR Salt Lake City to have
uIC, loo.
Auditor Biilheiner of Indiana has re
yokcd iur one year tho license OF w. \.
kchvC. Iu agent OF the Mutual EeD"ht
Life al Fort Wayne. Kchoc'S alleged
uif"nsc was circulating misreprcacDia-
tioGs Of another company. The offend
ing agent has given notice of appeal To
the courts. which VIII prevent the rcr"-
cation of the license until the case lan
been tried