The Lake County times. [volume] (Hammond, Ind.) 1906-1933, 1911-01-23
INSURANCE
COMPANY IS
NOW READY

The Employers, Live and Casualty
Insurance company of Hammond is
ready for business in its offices In the
Citizens National Bank building. This
concern promises to do more to estab-
lish Hammond as the financial center
of the Calumet region than any 9TH
err thing outside of its banks and
building and loan associations.
1t is estimated that thousands of
dollars go out of northern Indiana to
other cities in the middlewest, and in
the east for investment there which
should be retained in this district to
aid in it's development.
Every time Hammond man pays
premium on a policy in a company not
located here the money goes to Des
Moines, Ia, Chicago, Indianapolis or
New York, where it is invested as the
company's there At.
1t is expected that with the estab-
lishnnent of the new company in Ham
mond large amount of this money
will be retained here and will be loan
ed out on first mortgages to local Dor
rowers
The personnel of the new company is
such that there can be no question as
to its reliability. The following are
the officers:
President Oscar Krinbill. manager
of the Chicago Telephone company OF
Hammond, East Chicago and Indiana
Harbor. +. X. Hosler is secretary.
Walter Hammond of the Hammond
Savings & Trust company is treasurer.
Other substantial business men in this
locality are connected with the new
company.
1t is to be the police of the company
to apply the greatest economy in the
management of it's arsirs until it is
able to pay dividends. Even the Off
GERS, except those who devote all of
their time. are not to receive pay for
their services until the company is
making money for the stockholders.
The following is a statement which
mas been issued to the press by the au-
thority of the officers of the company
Hammond is again proved to be the
great city of the Calumet region. Her
latest stroke is the organization of a
life insurance company With the
opening for business today of the EN-
ployes' Life & Casualty Insurance Co
of Indiana. with general Offices in the
Citizens National Bank building. Ham
mond has added to her great financial
institutions what promises to over
reach them all. For a number OF
months past some representative Ham
mond men have been working quietly
in the organization of a life insur-
ance copany. and last week completed
all the preliminary work, including the
approval OF its policy and the granting
ia license to write business by the
state OF Indiana. The company already
has over $4,000 in cash, more thar
required by the laws of Indiana fol
the commencement OF business. Thi,
money is being invested under the su
pervisfon of the state of Indiana IL
gilt edge mortgages, bonds, etc. as rap
idly as loans can be placed. The com
pany already has a strong finance com
mittee, who will handle such matters
consisting of the president of the com
pany, Oscar A. Krinbill, George M
Elder. Walter H. Hammond and H. E
Sharrer and Moses Rothschild F. K
Hoser is secretary, Walter n. Ham
mond. treasurer; II. E. Sharrer, medica
director, and j.. C. Seitz. actuary. ant
L. l.. Bomberger. the counsel. of tn,
new institution. The general agenc.
for writing insurance will be in charg,
of Messrs. j. NJ. Woodman and A. J
Rheubottom Mr.. Woodman is a wei
known resident of Hammond, who ha
given his attention to insurance mat
ters for some time past, and MI
Rheubottom comes to the company will
over twenty years experience in tn
business.
All the officers are enthusiastic owe
the prospects of doing a large insur
ance business in this region, although
the company intends to enlarge it's feel
as rapidly as it can place agencies
When it is considered that upwards o