The Kendrick gazette. [volume] (Kendrick, Idaho) 1892-1968, 1910-10-21
Failed to Claim $4,000
Reward
Insurance Combine Thwarted in Its
Efforts to Discredit the Strongest
Mutual Company in the West

The efforts of the San Francisco
combine to oppose every thing in COM
petition to it contains an interest
ing story.
Their opposition has been centered
on the Northwestern Mutual Fire
Association, which by carefully &C.
Letting the most profitable classes OF
risks ia making its policy holders a
saving OF almost half their insurance
premiums and has built up greater
|propOrttonate cash resources than
the strongest stock companies. This
has forced the combine. against their
liking, to cut their rates on many
classes OF preferred risks.
Conducts Campaign II Prejudice
A vigorous campaign OF prejudice
has been conducted against the
Northwestern Mutual, and for this
purpose local insurance agents re-
presenting companies belonging to
the combine have been used extensi-
vely. Many Of these local represen.
have helped to circulate the misin-
formation placed In their hands
without realizing that there was no
truth in the reports given them to
circulate. Unsuspecting local news
papers have also been used to con-
siderable extent, without realizing
that they were doing an injustice to
their subscribers. Among the most
prominent false statements are the
following four statements:
First-That all policies issued by
the Northwestern Mutual carry an
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 con-
tinually falling.
| Fourth-That there are many times
as many failures OF mutual compan.
les as OF stock companies.
/ Reward Offered
i The management OF the N0rsas
western offered q reward Of $1,000
for proof of any one OF these state.
ments in the following order:
First-$1OOO to any one who will
prove that our policies are not abso-
lutely worcestershire.
Second-$1OOO to any one who will
, prove that this company has not
: more actual cash resources In pro-
J, portion to the amount needed to
carry all it's policies to expiration
than the ten largest stock companies
in the United States, including all
their subscribed capital and surplus
as based on the past nine years ex-
perience.
, Third-$1OOO to any one who will
' chow the failure OF q single mutual
i fire insurance company In all Ameri-
can history after 1t had reached the
!, age, size. strength and record OF
this company.
prove that there have not been 50
: per cent. more failures OF stock COM
: panies during the past forty years
i in proportion to the number doing
t business than there have been fail
b ures OF mutual companies.
IL This offer was mailed during the
;. month of August to every insurance
!. 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 presi-
dents OF the five largest banks In
e Seattle were named az judges and
1t time was given to October 1st for
}. .Iprooi to be filed, but no one filed
}. any proof. This would surely have
J. been easy money had there been any
is truth whatever in their statements.
IL Ceneede All to Nssthwsrtern
BY falling to claim the rewards
>. offered, the opposition has conceded
,aV First-That the policies of the
= Northwestern are paid up and non
;. assessable.
d Second-That these policies are
= backed by more cash resources IL
ig proportion than the ten larges,
al stock companies In the United States
Third-That OF the more than tw {
IN thousand fire insurance companies
that have failed in the United States
,(no mutual company ever failed aftel
having attained the size. strength
VI and record of the Northwestern.
te Fourth-That there have been 81
Is per cent. more failures in proper
& tion to number among stock CON
s.; Ipanies than among mutual com
n; panies.
,s With such a showing OF strength
NO coneadad nv itS co,nnetifors anf