The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-11-28
New Plan in Life INSURANCE.

A plan to protect national banks by
life insurance companies bss boen con-
ceivod by Il. s. Tisynlsn, Il New York
Life agent OF Chicago. and Is now await
ing tho approval OF tho United States
treasury department MT Washington. The
plan embraces the Insurance or every
official and employee OF a national bank
under a special form of policy. which
allows the bank TO pay the premium on
the life involved. The policy TO mature
to the bnuk's credit for specified
amount In tho event of failure OF the
employee TO live up to tho trust Inn
posed IN him: But If such employee is
faithful and honest for n certain Num-
Der of years the policy natures at old
age in his favor. In the form of a pen.
sion II Ire dies faithfully In the service
il natures Immediately as pension in
favor OF his bencticiarics. II Will there
fore. be seen that the insurance guaran-
tees to the employee a comfortable old
age aud provision for his dependents In
consideration OF faithful servicc. n an
employee fails 10 mako sood and no
dishonesty Is shown, the policy becomes
void: but II hoda out an incentive for
special effort and efficiency, aud be-
sides relieves the employee OF such
ture, and besides more Than fills the
place OF n surety bond. Those Who have
seen the plan say u VIII he possible
to extend it not only TO banks. but to
tho matter to a Washington newspapcr
represent aLivc. Mr.. Heyman seid:' ut
places lifc insurance ON broader plane
than II has ever had before and can
extend its benefits to thousands Of bread
winners. who ere not now able to en-
Joy its protection. The bank IDEA is
only the starting point OF It's possibi'l,
alone to begin with, and have spent prac
ticsly the entire past year in working
out tho details With the aid OF the COM
papy. Ite' big thing really The aputh-
eoss of life insurance, but that is all
am al liberty to say about IL at pres
ept" The recent decision of the at
torney Eenert OF the United states that
In their own favor u is claimed. VII
not affect the present proposition.
Census Bureaus Discovery.
The national census bureau at Wash
inston' has collected some interesting
data respecting the diseases which flesh
is heir to. and the various causes of
death. In figures lust published IL is
stated that or the total number Of deaths
from all causes In 1902 heart disease
caused ll;s per cent: M rankIng neM @ to, to
tho belief that meD ri agricultural pur-
suits were exempt from serious aiment
may now learn differently Tho bureau
has discovered that agriculture is as
deadly 10 its followers as is work by
men OF other occupations. According to
the figures submitted, farmers OF the ages
of 26 to "a years died from heart disease
in the proportion OF 4.6 per cent OF the
total deaths 9rom al causes. Az ages
81 10 4t Neafs The same cause formed
"a nor ccut of the deaths of men in
agricultural purSniiss ~ per cent among
professional pursuits; 81 per cent in do
mcstC and personal service: so per cent
in trade and transportation pursuits. and
5,o per cent In ma anutscturing and INC
chanical csllingg. In higher age periods
tho percentage OF deaths from heart
trouble shows q further increase. with
tho farmer again as the leading victim,
II would seem from the report that tho
I OI a f,,r yatg hn Ii
BILE he becomes to death from his enc
my Tho figures for ages 10 10 81 years
are: -1s.s pcreccnt among agricultural
workers; 15.1 per cent among profess
and professional service; 15O Der cent
in trade and transportation. and 100
per cent i'm manufacturing and mecl,ani
cal occupations Leading officials Of life
companies say that tho discovery or tho
census bureau has long been known TO
them.
Trap to Nab Rebaters
-Four suits have been filed in the Chi
| cago courts against certain life com
panics. based on tho auti-rcbatc law
and IL Is said that forty or fifty more
are TO follow Involving a large number
( OF companies. Tho suits were brought
! by tho Illinois state attorney at the in
! sligatiou of A. {. Wcgner, an agent Of
ono Of the older companies. who lives
! in Hammond. Ind. Wcgpcr's method
was to send anonymous letters 10 life
OF such an address was. in tic market
for insurance. The man named was
merely decoy. When approached by
tho agent he signs the application for
life insurance. but iDtimates. when set
! tlemcnt is considered. that he has been
offered a rebate and asks the agent,
What can you do for me-" II Is
claimed that large percentage of tho
! agents thus trapped became easy preys
/ and agreed 20 rake on" on rebate.
! This evidence will now be used against
them. The penalties, which have to be
met by the companies involved. range
from $500 TO $1,000 Half OF this fine goes
| TO the nformcr. II is thought that the
companies parties 10 the suits viii unite
! in defense. The situation is the most in
| tcresti ting that has come up for many
years In the life business.
Right Of States to Fix Rates.
The much -mooted question of the right
OF the state TO FIX insurance rates has
received n decided setback in Nebraska.
Judge Munger of tho United States cir
cult court has rendered an opinion hold
! ing that the state Is wholly without the
power TO ny the amount Of compcnsa-
ton for which an Insurer may lawfully
contract for furnishing insurance. III
it could do that the opinion reads, 1T
could dictate the price for which all
other commodities shall he sold, includ-
! ing the price which may be paid Tor
labor. i cannot do that. The four