The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-06-13
designations in Continental Life.

Life Insurance circles were somewhat
startled few days ago when II was
learned that Roy NJ. Marsh. superlnten-
dent OF agencies, and Cashier James \.
Wright OF the Continental Life and In
Nestmcnt company or Salt Lake City. mad
rendered their designations to General
Manager W. II. Cunningham, the same
becoming Immediately effective. The trou
bic. IL seems, had been brewing for some
time past, anG in the main consisted OF
difference OF opinion between the two
departments as TO how an up to date life
insurance company should be managed
and run. Matters came TO a head on
Monday last, when. by mutual consent,
The grievances OF both gentlemen were
submitted To the executive committee.
The committee, after free discussion,
which lasted several hours, sustained the
policy pursued by Manager Cunningham.
The designations followed. Mr.. Cunning
ham left for Spokane, Wash, the next
day 10 confer with a probable successor
TO Mr.. Marsh. In the meantime the as
sistant cashier for the company is hold
Ing down the job left vacant by the re-
tlremeut OF Mr. Wright
Mr.. Marsh has been with the company
since last September, succeeding {. f.
hutnewsky, who resigned 10 go into Dusl-
ness for himself, Prior TO coming 10
Salt Lake Mr.. Marsh was the superin-
tendcnt OF agencies fOr the Security Life
OF Chicago. and LEFT that position TO ac-
cept similar one with the Continental.
He Is an old insurance man. and the com
pdny here was very sorry to lose his
When seen yesterday Mr. Marsh said
he had no definite plans for the future.
lie felt put out over the action of the
executive committee. and added that the
Contjnentafs affairs were in splendid con-
dition when he severed his connection.
Manager Cunningham Is expected back
the early part of the present week. when.
1T is thought. a new superintendent OF
agencies Will be named
Important Fire Decision.
The United States circuit court OF ap-
poalS has rendered an important decision
IN the case OF the 'Gillamooll Laundering
company against Liverpool & London
& Globe Insurance company. affirming
the judgment OF the district court of ore
Eon. The question involved was as TO the
construction TO be given watchman's
clause. which read: 1T is warranted bv
the assured that at all times when the
property herein described shall be idle
or imperative. constant day and night
watchinan shall be kept OF duty" The
numbering company Conteuded that the
clause did not apply except when the
plant was permanently shut down. The
contention was sustained by tho district
court, and IN an elaborate opinion the
lower court is upheld by the circuit court
OF aDpeals.
An Apt Illustration.
An insurance journal published IN 81.
Louis gives n graphic illustration of the
extent OF life insurance in tho United
states. IL says: Every time the clock
tickcd in 1909 tho legal reserve companies
VI llHS Country Dalu 10 bcugUClaTiPS
polcyhodcrs $3.50; every minute SIPS:
every hour s67.777: every day. 81 .6g2. III;
every month, SS.1l$.@iS: and the mag
nitlcent total was 1856. .4l0.2Il or as much
as The total output of all the gold mines
OF the world.
Need of Supervision,
\ grand jury at Rock Island H. is IL
vestlgating charges OF irregularities
against certain men connected with the
Fratcrnal Tribuncs. traternol insurance
I.,.,.1' tf,Fn lEa ,N.,,ts
( The specific charges are the lootinC OF
tho concerns treasury OF thousands OF
dollars.
The superintendent of insurance for
the state OF Illinois bamcs the whole
trouble unto the lack OF n uniform law
giving his department. authority 10 inves-
as the lcgcl reserve. or old line. COM
Danies.
List Of Standing Committees.
Joseph Mcltzcr. president of the Utah
Association Of Life Underwriters, an
nouuced during the week the appoint
tees. the first named being chairman:
Financc-WIll o. Farrell Pcnu MuluaD.
!. NJ. Johnson (Prudentian. u: H. Liy-
inrstonc tNew York Lifc) Gcorg" y.
Rennctt and c, j. Knapn (Me,roprGln).
Mcmbcrship-E. w. TavIor (Actna Iifc),
u. l.. Nelson tNcw York Lifel. f. r.
slater and Ilar- \. James (Notropoli-
ton). Entcrtainmcnt-Iohn H. spcuccl
'Ncw York Iifcl. L. T.. VoyIcs Mutual
I.ifel. c, u. Eipp PrudcntlsD. Frank
MoZlcy (Mctrnpollan). Press and Pub
Iicity-.Tohn James CTravelcrs) Joseph
W. Curtis CNcw York I.ifc). r.. n, Jones
and Julian +. Smith tMetropoltlan).
The officers OF the association as they
now stand arc: President. Joseph Mcltznr
! lMc tropolitau): first Vice president. +.
H., Francisco (Wcst Coast Lifo). second
vice president Elmer a. Kicker Ot,uuita-
| Iac) secretary, Joseph Y. Smith INcw
! York Lifc); treasurer. Iohn James Crrav-
clcrs): executive committee. w G. Far
! roll pcnn MUtuaD, chairman; Lorenzo
Jensen Beneficial Lifc). George w Peck
! G'idclity and Casualty. r.. w, Tayor
! (Aetual John u. Spencer 4New York
! Lifcl and 4. c. Shaw OIome Liic): The
president and secretary are cS-otiicio
| mNInbers OF this committee.
Twelve old line legal reserve COM
panies arc actively represented on tho
above committees. and arc all actively
/ represented in Utah.