The Fargo forum and daily republican. [volume] (Fargo, N.D.) 1894-1957, 1912-12-20
PIONEER LIFE PASSES
ANOTHER NILE STONE
Continued Frorn PEG ono.

GOukllueU ETOIis GESS 1uSe
said that the men back of the Pioneer
Life had as good a right to merit the
| confidence of the people as any bank
or business in the state.
Commissioner Taylor.
Commissioners of Insurance Taylor of
Bismarck, who was present at the
afternoon meeting of the agent, gave
another splendid talk last night. He
called the Pioneer Life North Dakota's
| first life insurance body and that it
was built and backed by substantial
business men of the state whom every
| one knew and not by a promoter who
had SKINNED off all the money and
left the company to shift for itself.
He spoke of some of the Forthcoming
legislation this winter at the state
capital and urged the popular demand
| for the passage this year of the Mobile
law which failed two years ago. This
is the bill which provides for the
standard of solyency of fraternal
| beneficiary organizations. Mention was
| also made of the mortality decrease of
America. The commissioner said like
the tariff, the mortality list of America
was being revised downward.
TwieheI's Talk.
Treadwell Twichell of Mapleton,
former speaker of the house of repre-
/ S6HIdliNSS, HlhAG 0HS Oh VIC BSSL IdAhS
of the evening. In his own Individual
style he showed the value of certain
insurance legislation and said that
North Dakotas' insurance code was
already as god as would be found in
any state in the union, and that the
policies issued by the Pioneer Life
were all of the North Dakota standard
type.
Mr.. TwioheIl emphasized the duty of
people to patronize home industries.
He spoke of a man who takes out his
policies in the eastern companies. He
said that there was danger in allowing
too much concentration of wealth, and
he felt the big concerns of the east,
including insurance companies, were
piling up money in the east to use
against the west. He paid the Pioneer
Life a high tribute. complimenting its
management and its efficient officers,
and that no one hould be afraid to
take out a policy in hat corporation.
At this he was interrupted by Alex
Stern who said he had taken out q
policy that afternoon and what
did he look at him for all the time
he was talking. The interruption
created a great deal of laughter.
Nelson Heard.
Congressman Hanna next introduced
Director Nelson of the company who,
he said, had probably done more TO
keep I'D the optimistic spirit OF ia:
, corporation during its darker, days
when the future was not bright. The
~governor-elect said Mr.. Nelson always
pointed to the silver lining and said
: the bigger days would come.
Mr.. Nelson's brief address was reat
and gave a thorough synopsis of the
history of the company and what II
had succeeded in doing. His paper
was very much enjoyed and Mr.. Ian
ma paid him a high tribute when HI
concluded.
Minnesota's Commissions.
j, J, A. o. Preus of st. Paul., insurance
commissioned of Minnesota, was the
next speaker and a very sensible.
straightforward talk he gave, too.
While it was one directed to the
agents, 1t was equally appreciated by
the guests and non-insurance men
who were present. Mr.. Preus pointed
out the difference between now and
twenty years ago and he said the
difference seemed to be that the same
view was now being taken by both
the agent and policy holder.
Selling the proper goods to the
proper man was the keynote of. his
address. He showed the danger of
selling any man too large a policy
for his income. About such things
he advised the board of directors and
l Tic dSGhNS VI NC EibUtEA AilSs IL 1lG
felt the North Dakota corporation lis
proceeding on excellent and sensible
lines and knows il is well managed.
Your board of directors is a most
important body he said. I'm fact
1t has been said that one of the UNI
written laws of this state is that no
nan could be elected governor of
North Dakota unless he is a member
of the board of directors OF the Pi-
oneer Life Insurance Co. Is that not
SO, Mr.. Sweet?"
President Scott Last,
Pres. w. A. Scott of the Pioneer
Life Insurance Co, was the last
speaker of the evening. Mr.. Scott was
introduced by Governor elect Hanna
as '~everybody's friend" Mr.. Scott
said he wished the title of president
had not been placed after his mann
but his real title of deacon"
President Scott commented upon the
success of the Pioneer Life Insurance
Co. He said he felt the company had
not been appreciated in Fargo, how
ever. until certain insurance men from
Madison, Wis, had come here and
offered to purchase from the stock
holders their stock and surplus at
par at s per cent interest. Then he
said the people of the city awakened
to the value of the Pioneer Life.
He asked why tribute should con-
tinue to be paid to the eastern cor
porations who invested their surplus
and reserves in stock markets and
railroad stocks which fluctuated with
the markets, when the Pioneer Life
safely invested its surplus in North
Dakota farm mortgages, which he
commended were the safest investments.
Mr.. Scott said there was Just one
life insurance policy, the. kind for
which so much money is paid for the
protection of ones heirs. All the 9TH
ers he said were like the different
tunes on the same piano.