The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-12-19
History Of Life Insurance.

The fourth annual meeting Of tho As
surialion Of Life Insurance presidents Is
being held in Chicago. Tho Attendance
has been large and the meeting the most
Important over held from The .,tandpolnt
OF Progress and capitalization of the
work The association Was organized in
i'""embcr l9pf. after The Armstlnug in
l"Stightiou in New York. aud It's work
l'iS already wiped out entirely the pub
ne d5tru3t Which WAS rampant At thut
llmc. by bringing policy ylIoldcrs and tho
general public into direct contact with
the true functions OF lie Insurance and
Lh" widespread benefits that the com
rsnes arc ACCOMPLISHING for poiicyhoId
riS "nh III" publ" 1t large" It's aim has
p''h purely nducttionJi. licn. Puul Nor
ion. president or tho Equitable Liic Of
NJ" York aud cb9ilman of the asSocia-
non. UHdr n n"tuh'c address ut the upru-
hT %c5slog He snid hc wanted western
people I" know tla, white t.Ie c.ri,,,gtcd
rrScrN" Iold FOE puicyholdc;s rca'diu.. in
il2 NissiSSlnpl VALLEY n.IuUr;s ~ S5A1.
u'N.p"' IN" hic inSu2ur" companies have
invested 'p !his Some territory n,r..
, s".pop.toc IN othc; words. they arc
rot. HE many @ro 'cd 10 b"i,"rc draining
-" western section OF tlc country of is
money In NO iusuranc~ premiums arJ
taxing ~ ere: 10 invest: b,.i on tIo con-
traiE. haNc actually invested 81 90 zoe 0pU
t1prr ~ llns territory thaU ~" .ut.l r"-
;c'NeS !or ihiS same territory umo,jn, {,
~" further said that ihrr" aTn 81 li'r
4 @uTarc" companies organized. licensed
.n" IHn" business IN IT." i'ni'cd St3'cF.
i"Lt'' cities Now York CITY 'uaay l',a
only eleven ~ those III surlEru."s Afr
morton ibrH gay" egLl0 strl t-:. iicu!c.
IN ~" Eisto;: ~ O. I"e;~au-c. ~" siI.
'"tfit &og"= $50 l,:" iUeursu,o IA r.r
L lh'i"d S!i'"s s"I So per ,pDi,a.
Ten wears asu u had ri-"u 10 $40 U"r
capita, '1n l"day. u is c.Umafcd rs
amounting ~ Il bout $3.50 rct. capita. Tn.
srnyagr rcr capita IN rhc iii~gisyippi
valley g. said 10 ~. ci.Iy about Si0n 1r
about iwu-' birds % the rcr caniia aver
"-e of ihc "puCiry taken a. "a vlolc
go, MS years "E" tho tojal outstanding
Ut" insurance oayli"d bv al old -iinc iirc
insure 70" ronDs MICS doing business IN
lN" Hird states WIS l"sS han 'lht now
IN uftF years Tic Noiuac Of Iifr igsuy-
"n'" business ha~ i"cr"lscd fr"Iu sifl.
10000" ro Sla.,ppooo ooO alr.os. ono.
"nndr d -ioid. lhcuch in that Time tho
creased less than 'hrco- fold. Tacrc hc-
Ircs. which I" tN~'rsoi,es s,av seem
niN aHu 'W0I"TCstinS, indicate why We
az TINS time deem il proper 10 bold u lif..
insurance convention ~ Chicago
Western pcnpj" viii be glad tu know
nat as q general proposition tho eastern
nc insurance companies arc maxim" an
"1prl 10 invest thri. reserve fuulg IN
ihos" sections Gl the rogatrv which uro-
ducc ihc premiums. ! know OF ON" lnrc,
M" iuSi'f1uc" cpw"dnH which ir" scays
40 had ro"| estate mortgages in only II
dfforrnt StJ'"s huf which toIsy huy
them iu II different states know nT
ono company which has six millions less
i'm mortgage loans iu New York CITY Than
" had hvc NcaTs ago. and which duriu-
tb9t time has Increased it's mortgage
loans in other states about ~ .GGO. .opo
American life insurance mover stood
so wcl. never WINS 50 safe OF surrounded
by 50 many safeguards and never offered /
tho public 80 much for It's money as n
docs today.
"'fhr Expense of management is being
Ecouomirs uf al kinds have ,
hccn introduced. and dividends To policy.
holders az" being Increased.
Tho chief ambition Of tho Association ,
"f Life Insurance Presidents Is TO Cmphr-
s'&c tho TACT that these great lifc iuyur-
ancc companies bcloyc TO tho ncopio F.
and That nothing in fhc way of rccun-
tion. taxation OF legislation can h" done
TO iniurc them which tho policyhold"r@ .
viii not have 10 pay for themselves
Suicide Not Il Bar.
That the Colorado statute compelling /.
an insurance company 10 pay death loss f.
where tho insured commits suicide with F.