The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-11-14
News of the Insurance World

Insurance company OF Spokane Wash.
has been changed 10 the New World IN
srcancc company. The company's Off
GERS state that the object OF the change
OF name Is 10 secure title OF broader
scope and 10 overcome any objection to
whlcn use OF the original name might
have encountered. The company was
incorporated In February last with q
capitalization Of $1,000 900 to Insure tho
ives OF Catholics and OF persons whose
oeneliciaries were Catholics, The capital
STOCK OF the company has been sub-
scribed for by more than 900 persons la
seventeen states and Canada Tho agent
for Utah and Nevada is Charles ].
o Toolc OF this city
Negro Order Goes to Wall.
The Grand Fountain of the United
Craer S. OF True Reformers. the largest
Irateinal order In the world owned and
operated by negroes, has been suspend
e0 by the Virginia insurance department
| The order has 10000 members in the
eouth and many of tho northern cities
The examination showed that the mana
gers controlled savings bank in which
the funds were deposited and which ls
now hopeleesly insovcnt There is nov
s12o,o0o in unpaid death claims and The
Insurance commissioner of Virginia
charges criminal negligence on the part
or the present and former officials OF
the order.
Appreciates Tribune Efforts.
Assistant Manager William r.. McEeu
of the American Surety company is an-
other Of the many who appreciate the
efforts Of The Tribune 10 give Its read
ers the latest and most up-to date In
suranco news. In recent letter TO the
editor OF this paper Mr. McKcll saws:
Permit me 10 express my appreciation
Tor Items of Interest contained IN Tho
Heus. Your issue Of the 18th inst. I'm :
pressed me SO forclbly that ! submitted
IL TO our Pacific coast mana ger and
the same was highly commended bv him.
/ frh OF. -1f., t.a,1
10 corporate surety bonds. together with
the many other items of interest
Insurance Notes.
A recent decision Of the New York
supreme court holds that life insur-
ance policy is not in effect until delv-
cred 10, accepted by and paid for by
the assured.
tive of the Philadelphia Life. left on
Saturday for q brief visit 10 San Fran
cisco.
DR.. wyeth E, Ray for wears medical
director OF the Travellers Insurance COM
rany. has accepted a similar position
With the Germania Life.
The Metropolitan Life has applied 10
the New York state health department
for authority to erect tuberculosis sam
itarium In Saratoga county. New York.
Tor the benefit of its employees.
The legislative COMMITTEES representing
the Utah Association OF Life UnderUrlt-
crs held a meeting on Friday evening
last. VIII q. Farrell was sustained is
chairman and John q. Spencer was
named as secretary OF the committee.
Regular meetings will be held ON Satur-
day night OF each week until the legis-
lature meets. and a vigorous campaign
viii be waged In favor of life policy
holders.
T. u. Francisco state manager for
the West Coast Life, Is back at his
desk after g. three weeks absence in
san Francisco and the northwest. Mr.
Francisco attended convention ot conf
pany agents while away and reports the
meetings as highly interesting and In
structive to The visiting agents. He was
accompanied on the trip by Mrs. Fran
cisco
Reports from all over tho country in
iicate that there Is lull In the Hre
insuyance business and a big falling of
IN premium receipts.
c. J. stovel has resigned as general
agent OF the Sovereign Fire of Toronto
for the coast territory. He still retains
his connection with the company as
special agent for the territory OF Ne
yada, Utah, Oregon and Washington.
President Powell OF the National AS
ISOLATION OF Jife Underwriters Is
pected TO pay n visit 10 the Utah asso-
ciation shortly after the first OF the year.