Santa Fe new Mexican. [volume] (Santa Fe, N.M.) 1898-1951, 1911-12-26
INSURANCE CON vENTIoN

INSURANCE CON VENTION
Peter A. M. Lienau, deputy super
intendent of Insurance, returned from
New York City last Saturday night
where he has been attending the ses-
ions of the National convention of the
Insurance Commissioners Mr.. Lie
nau reports very interesting meeting
He was asked to I'LL a vacancy on the
the executive committee, but declined.
Twenty-Five states were represented.
Mr.. Lienau also attended the meetings
of the Life Insurance Presidents which
was held shortly after the sessions of
the Commissioners. Some of the le-
gislation proposed was intended to
cut the frills from the accident and
health policies and to standardize the
provisions for both commercial and
industrial contracts.
A committee on conservation and
education introduced this resolution,
which was adopted:
''That the loss of life due to pre-
ventable diseases and accidents in our
country causes great economic waste
to our people there can be no doubt.
That the conservation movement
which has long occupied the minds OF
our people, when generally extended to
include the conservation and protec-
tion of life, will ultimately reduce the
cost of life insurance is certain: now
thereforef be it
Resolved, That the Insurance com
missioners of the United States in ma
tional convention assembled, in the in
terests OF all persons carrying life in
surance and of the general public, do
urge the support of proper efforts to
conserve human life; that we do urge
all persons carrying life insurance to
give aid sand encouragement to public
health officials charged with the pre-
vention of disease and waste of human
life, that we pledge our hearty support
to all worthy movements for sanitation
and the creation and Improvements by
the officials of boards of health and
life agencies for the conservation OF
life and health and all such underta-
kings"
INCORPORATION.
An application for corporation
charter was filed this morning in the
Office of the secretary of the Territory
Nathan Jaffa, by the "Coal Basin
Independent Fuel Company" of Gal
lup. The new company expects to
mine and deal in coal and fire clay
and by-products of the same. The
capital is given as 100000 divided
into 1000 shares valued at 500 par
each. The names, addresses and
amount of stock held by each of the
stockholders are given below: Cade
Selvy, Los Angeles, shares; John
Beddow, Gallup, shares; Nathaniel
J. Hudson, Los Angeles, 4 shares:
Frank Beddow, Gallup, 4 shares; Ru.
fus S. Goodrich, Los Angeles,
shares.
NEW MEXICO EXAMINATION TOO RIGID
The Arizona Fire Insurance Com.
pany of Phoenix advises the Terrific.
rial Superintendent of Insurance, ia.
cobo Chavez, that they are not ready
at this time for the department tc
examine their books on account of re-
adjustments now in progress in the
company. They applied for admis.
sion last year, but did not feel able tc
stand the rigid examination of the
New Mexico department.
FOR ROADS AND SCHOOSs.
The United States Department of the
Treasury this morning informed Go
venor William ]. Mills that the sun
of $32, ,54l. "a was due New Mexico OF
account of New Mexico's share of thu
earnings of the forest reservesiof tn,
Territory. The earnings Of the re
serves are given individually below
Zuni, sl,32e.67; pecos, 81, 1915; Man
zsno, $e3e.73; Lincoln, s1,239. OIL; Je
mez, $2,O19.42; Gila, s9,7l3.3S; Datil
s7,7SS.29; Chiricahua, s32S.08; Carson
Is, ,209.54; Alamo, 81, ,13O.46.
A provision Of an act approved b,
Congress May %, 1908 (35 Stat. 26O,
states: ''That hereafter twenty -fiv
percentum Of all money received iron
each forest reserve during the fisca
year including the year ending, Jun
13, 1908, shall be paid at the end there
Of by the secretary Of the treasury /,
the state or territory in which sal,
reserve is situated to bs exended q
the state or territorial legislature ma,
nrescribe for the benefit OF the publi