The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-06-20

I'VE found business conditions excellent
every where. The outlook for general
crops all through the territory traversed
was never better Mother earth is cer-
taln'y doing business al the old stand,
and VIII this fall contribute her usual
bountlful quota to the prosperity OF
farmer and city man alike. l. am cor
tainlY an optimist on tho general cUndi
lions of trade and commerce In all this
wonderful section as biley apply to us OF
the New York Life. and believe that 1910
VIII close most prosperously for ALL
Loans in the West.
The announcement is made In the east
ern papers that the big life insurance
companies were loaning money less freely
on western farm mortgages and that a
few OF them had withdrawn entirely
from the field. A great many people In
the west have thought this was due 10
against western securities. Such Ia not
the fact, however. The Armstrong law
compels the New York life Insurance
Wn given fspose e and Of it heT is axpaed SGee
that many OF the companies have taken
on as largo n proportion OF farm mort
cages to their total assets as the circum-
stances would warrant. and believe that
under present conditions they can buy
bonds later on at more advantageous
rates. For this reason few of the larger
companies are inclined TO check the loan
ing of money on farm land. The great-
er number OF companies are seeking these
loans and are placing more money in
them than ever was known before.
Insurance Notes.
r. II, McIlaig. a former Salt Laker. has
been appointed superintendent Of agen-
cies for tho Reliance Life Insurance com
cludes California. eastern Oregon and
western Nevada, with headquarters In
San Francisco.
Angus Almond manager for the Re-
He obtained liconse from the insur-
ance department FOR his company to dc
business In Utah. and is casting his eye
about for suitable man TO take charge
here, LEONARD c. Hardy has been ap-
pointed attorney for the company. the
appointment 10 hold temporarily, how
ever,
Manager w. II. Cunningham of the
returned from Spokane, Wash. on Tues
day last. He succeeded In making a con-
tract with IL successor to Roy M Marsh
who resigned as the company's super
but is not prepared as yet to give out
tho new mans name. The new appoint
ment VIII date from July l.
The executive committee of the Ma
tional Association OF Local Fire Insurance
agents has fiscal September IL, 13 and
IA, as the dates of The fifteenth annual
Lake is entitled 10 three delegates.
]. Il. Diehol6, inspector of fire sprinkler
risks for the Hartford and Royal Fire In
surance companies. came IN from the
coast on Friday last. and looked over the
buildings and places which have adopted
the automatic sprinkler system. A ooin-
cldence in Mr.. Dlebold's visit is that II
started to rain the first time since early
in May. Immediately upon his arrival In
the city. When he left on Saturday night
IT, was with a strong Invitation TO "call
again soon, and often during the summer
months"
The Colorado Association OF Life Tn
derwritcrs hold a rather warm session In
Denver last week. Thee discussion was
over an alleged form OF deception prac-
ticed by the Bankers Life Of Des Moines,
Iowa, by which the public is led to be-
licve that the banks of the country stand
behind it, due largely. 1t was asserted, to
the metal signs displayed In banks noti-
fyipE policyholdcrs that premiums are
due" The matter was finally referred to
committee with Instructions TO put a
stop TO tho practice.
w. c. Faxon, vicepresident Of the
Aetna Life OF Hartford, Conn. is in Los
Angeles, and Is expected to stop over in
Salt Lake on his way home,