The Tacoma times. [volume] (Tacoma, Wash.) 1903-1949, 1910-10-12
FAILED To CLAIM
$4,000 REWARD
OPPOSITION is ROUTED.
Insurance Combine Thwarted In It's
Efforts to Discredit the Strong
est Mutual Company In West

est Mutual Company In West
The efforts of the San Francisco
combine to oppose everything ii
competition to it contains an inter.
estinE story.
Their opposition has been center
ed on the Northwestern Mutual Fire
Association, which by carefully Sc
Letting the most profitable classes
of risks is making it's policy holders
saving of almost half their insur-
ance premiums and has built vi
greater proportionate cash resources
than the strongest stock companies
This has forced the combine, against
their liking, to cut their rate or
many classes of preferred risks.
Conducts Campaign of Prejudice.
A vigorous campaign of prejudice
has been conducted against the
Northwestern Mutual, and for this
purpose local insurance agents rep
resenting companies belonging tc
the combine have been used exten.
sively. Many of these local repre-.
sentatives who are honorable men
have helped to circulate the misin-
formation, placed in their hands
without realizing that there was nc
truth in the reports given them to
circulate. transporting local news
papers have also been used to a
considerable extent, without realiz-
ing that they were doing an injus-
tice to their subscribers. Among
the most prominent false statements
are the following four statements
! First-That all policies issued by
the Northwestern Mutual carry ar
Assessment liability. -- ----.--
Second-That the company not
having subscribed capital does not
furnish its policy-holders good in.
demnity.
Third-That mutual companies
as good as the Northwestern are
continually failing.
Fourth-That there are many
times as many failures of mutual
companies as of stock companies.
Reward Offered.
The management of the North
western offered a reward of $1,000
for proof of any one of these state
ments in the following order:
First-$1,000 to any one who will
prove that our policies are not alb.
solutely non assessa BILE.
Second-$1,000 to any one who
will prove that this company has
not more actual cash resources In
proportion to the amount needed
to carry all it's policies to expira-
ton than the ten largest stock COM
panies in the United States, includ-
ing all their subscribed capital and
surplus as based on the past nine
years experience.
Third-$1,0 200 to any one who will
show the failure of a single mutual
fire insurance company in all Amer
lean, history after 1t had reached
the age. size, strength and record
of this company.
Fourth-$1.00 900 to any one who
will prove that there have not been
SO per cent more failures of stock
companies during the past forty
years in proportion to the number
doing business than there have been
failures of mutual companies.
This offer was mailed during the
month of August to every insur-
ance office and agent on the Pacific
coast so far as addresses could be
obtained, also the Coast Review,
the leading organ for the campaign
The presidents of the five largest
banks in Seattle were named as
judges and time was given to Octo-
Der LIST for proof to be filed, but no
one filed any proof. This would
surely have been easy money had
there been any truth whatever in
their statements.
COncede All to Northwestern
BY falling to claim the rewards
offered, the opposition has con
ceded:
First-That the policies of the
Northwestern are paid up and non
lassessable.
| Second-That these policies are
backed by more cash resources in
proportion than the ten largest
stock companies in the United
States.
| Third-That of the more thar
two thousand fire insurance com.
.panies that have failed in the Unit.
ed States no mutual company ever
! failed after havinf attained the
size, strength and record of th'
Northwestern.
Fourth-That there have been 81
per cent. more failures in proper
tion to number among stock com
panies than among mutual com
panies.
With such a showing of strength
as conceded by it's competitors, ant
with its large cash dividends return
ed to policy-holders the propert!
owner whose property is up to tn,
Required standard of the Northwest
ern will not be slow in choosing
between this company and the Sar
Francisco combine. 81.