davidaulloa/AmericanStories huggingface dataset:
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-12-08
VIII Discuss Policy Loans.

A matter OF serious consideration for
the seventh annual meeting OF the AS
ISOLATION OF Lifo Insurance Presidents at
New York on Thursday and Friday of the
present week will be the increasing prac-
tice OF life polly-hoders to borrow money
on their policies From the invitations
already accepted by company executives,
IT is known that moro than so per cent
OF the twenty billion dollars OF old line
life insurance protection In force in the
United States will be represented at the
meeting The question will be presented
10 the assemblage by Robert Lynn Cox.
general counsel and manager for the as
Sociatlon, who, along with others, has
been making ON investigation as to the
amount of money that Is now borrowed
on life insurance policies throughout the
country. the relative increase in recent
years, the apparent reason for the same.
the uses to which these hundreds OF mil
lions Of dollars are put and other fac
tors In the situation. Following Mr.
CoX's presentation OF the subject ma tier
of endcavorlng TO find out a way 10 re-
tard tho tendency toward q constant in
crease in policy loans. and at the same
time not TO hinder such loans when
actually needed by policy holders.
The right TO borrow on the policy"
sald Mr.. Cox TO newspaper man, "at
first given by some companies as a COM
petiuve feature. has for years been a
matter OF statutory requirement by the
state. Tho rapid increase In policy loans
has. however, led many companies to put
clauses In new policy contracts, permit
ting them to defer the making Of loans
from sixty days TO six months, so as to
avoid the effects OF unusual demands tha
might be made during a general finan-
cial stringency. such as that of 1907.
Some OF the states" continued Mr
Cox, ARE now enacting legislation along
this line also. This, OF course, answers
the problem Of preventing the sacrifice
of valuable assets during hard times
But It does not meet the everyday prob
lem OF preventing a shrinkage OF life In
surance protection to the beneffciaries
1t must be remembered that a policy loan
not only actually reduces tho amount OF
protection provided for the individual
beneficiary, but usually results In finally
lapslng the policy, thereby wiping out
the protection altogether OF course.
some policy loans are actually necessary
but experience shows that many are OBJ
tained merely to provide funds for specu-
lative purposes or for luxurles.'
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-12-08
j. s. MINERAL OUTPUT
is S6,000,000 A DAY
Value of Country's Mineral
Product for 1912 Was Two
and a Quarter Billion.

The value OF all minerals produced in
the United States In 1912, according TO
figures just compiled by Edward W.
Parker. statistIcian Of tho United States
geological survey. reached tho record
breaking total OF $2,243. 630,3 32s This is
more than six times the value OF the pro-
ductIon In 1882, thirty years ago. Dur
ing that period the population has not
quite doubled but the per capita output
OF the mines has increased from S721 TO
s23f7.
During these three decades the value OF
the output of some minerals has mado a
striking Increase. The value OF the pig
iron product. for instance. has increased
from JOG TO 420 million dollars; copper
from i6 TO eos million dollars; gold from
30 to 90 million dollars: lead from
Il to % million dollars; zinc from JAG TO
69o million dollars. petroleum from "a TO
l6S million dollars. natural gas from 2i5
thousand TO 81 million dollars; cement
from SO, 500. 000 10 S69 900, 600
Still moro striking illustra tons OF the
growth OF the mineral industry i'm the
United States are the figures showing
that. while in 1880 the total mineral pro-
ductIon in the United States was valued
at 1854, 900. 900, In 1912 tho value OF the
pig iron alone was S420, 600. 900, while the
value OF the coaf production for 1912 was
nearly double the total mineral output OF
thirty years ago. In 1880 tho value OF
the mineral products was approxims tells
Sl0o0.O0O a day; In 1912 it was over
200, 900 a day.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-12-08
BUREAU Of MINES IS
GROWING INSTITUTION
Annual Report of Director
Shows Growth of the
Geological Survey.

During the last six years the field In
Vestisauons Of the United States geo
logical survey and the office work con-
nected with them have shown remarka-
nle growth, according 10 the annual re-
port recently made 10 Secretary Lane.
notwithstanding the fact that within this
period the former technologic branch OF
the survey has become an independent Or
sanizatlon. the bureau OF mines. tho older
bureau is larger now than 1t was six
years ago.
In personnel tho ret growth OF the
survey since 1907 has been 81 per cent: !:
IN general correspondence the increase
mas been % per cent: tho total distribu-
non or reports and maps has increased
rs per cent: the increase in maps sold
20 per cent. and tho total cash receipts
from sales Of publications are larger by
eo per cent than in 1907.
The activities imposed by congress up
on the geological survey have been In
creaslng faster than the appropria tions
provided therefor, until now II Is all too
apparent that the organization IS under
manned and under equipped The de-
mand upon the survey for moro work cam
not be checked. but the means to meet
the demand can be provided Thirty
fourth annual report director United
STATES geological survey
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-12-08
Crosscut in Quartz.

A raise has just been started from the
south drift at a point ten feet south OF
The main crosscut. The crosscut Is also
4 being extended east and is still in the
qunrtI mass. which shows that the true
hanging wall OF this vein has not yet
Been reached.
a beer driven in the past to a point $50
feet east of the shaft, which was consd-
cred 10 be far enough to cut the main
Sandstorm vein. The Developments on
farther east than tho breast Of this
crosscut. and therefore 1t Is being eX-
Tended to cut the vein on this level,
The ore which has been found on
Ter as that which occurred in the surface
slopes from which good production Of
F. ore was made by leasers IN the early
days; In other words. the ore contains
physical characteristics. except that, OF
.course the deep level ore is a sulDhide
'ese, while that on the surface was oxi-
A Present developments indicate that this
Vein which has been cut at q point go
feet east OF the shaft on the 5O0-foot
level is probably the main Sandstone
Kendall vein, which has not before been
developed or prospected below the 100
foot level In this part of the company's
Territory.
1t Is also worthy OF note that the ply
sical characteristics Of both the ore and
where the ore was originally found, and
on The 5Oofoot level. where the ore has
riecently been opened up. This Is not only
The opinion of the companys engineers,
Dnt also the opinion OF prominent eng-
nleers and biologists who have examined
the property within the last two weeks.
4. From the foregoing statement It will
re observed that the company considers
JUS recent discoveries to be OF such i'm
portance that a rather extensive plan OF
development has been determined upon
fhis Tact. coupled with the known diff
cutues OF mining in our property, has
convinced the mana cement that the
showing cannot be properly developed
win the meeger resources heretofore at
our comma nd
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-12-08
Hazards Assumed by Bondsmen.

Regarding the hazards assumed In the
signing OF probates and insolvency bonds
reference 10 which has already beer
made in the columns of The Tribune, the
local manager OF a woll-known New York
bonding company writes further. Swing
his views on what ne terms "A subject
and those inclined to follow in theil
wake" He says:
Most bonds are signed by indlvid-
uals with the mistaken idea that they
are only guaranteeing the honesty of
greater hazards. and the record shows
that as many losses are paid on pro-
bate and insolvency bonds for the
omission or commission of innocent
acts as by larceny and emDeZzlement
An executor or administrator is en-
titled 10 collect and receive, and ig
responsible for rents and profits OF
the estate OF the decedent. When
he continues To operate the estate he
becomes liable not only for It's rental
value. but for the. profits, " any. III
tho estate is continued at loss, he
Is personally responsible for the losses.
and II he ia not financially able to
pay his surety must do SO. In other
words, II an administrator or executor
continues 10 operate an estate con-
sistine OF farm property and the crop
is n failure, he is liable for all OF
the expense incurred in planting the
crops. labor. etc, as we'll as the
rental value,
in Insolvency are oven greater thnn
any .other bond OF the above classes.
The entire estate may later be thrown
into the bankruptcy courts. and all
OF the acts OF the assignee disalowed
by that court. In such a case all ex-
penses OF the assignee must be cared
for by himself personally. otherwise
his surety Will be called upon to make
up the deficiency.
Many interesting cases OF losses on
probate and insolvency bonds are OF
record IN the courts in. Salt Lake
county and elsewhere. I Will cite a
few:
An administrator made due report
TO tho court and distribution OF tho
assets In bis hands was ordered, 1t
later developed that a tax on tho
personal property had not been paid.
The heirs could not be roached-the
administrator was not financially abfT
TO pay. and his surety was called on
to do 80.
A guardian of a minor child re-
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-12-08
News Of the Insurance World

ce!ved $1,000 from an insurance poll
cy, She thought It would be proper
for her TO purchase a plano for the
use Of the child. The Judge refused
TO allow tho expenditure. and the
sureties were called upon to make UP
the item. which they did.
An assignee had charge OF a manu-
featuring plant and did not carry any
fire insurance thereon. The property
was damaged by fire, and the court
ruled that II always has been the pol
icy to protect those who. by force OF
the law or without their consent. are
represented by others in the care OF
their property and that fire insurance
should have been carried. The sure
ties for the assignee were ordered to
pay the amount of the loss
could quote many similar cases.
When n person signs a bond he be-
comes liable for the acts of both
omission and commission on the part
OF the principal He jeopardizes his
estate, his earnings OF a lifetime and
reduces HIS credit with his banker,
as we'll as with other financial insti-
tutiOns
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-12-08
BY Far the Biggest Year.

In last Mondays Tribune SuperIntend-
ent Helser of the Continental Life was
quoted as saying that his company had
million dollars in applica tions Oh
which thoSe had been issued $3.50. 900
and further. that the company expected
to pass the million-dollar mark by De-
cember 81.
AS a matter Of fact, the applications
and Issued business referred TO applied
10 November this year only The total
applied for business for the year to De-
cember 1, Mr. Helser says. fg sG.IlS, 900
and the issued business s6.022, 400 The
company expects TO issue more than a
half-million In December. thus closing
the year with moro than $1,000. 900 of new
issued business for 1919. by far the big
ge9t year In the companY,s history
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-12-08

campaign having been carried out in
honor OF the completion OF twenty-flv e
years OF service with the company by
President Forrest r. Dryden.
Marc Hubert, formerly manager OF the
Title Guarantee & Surety company at
Denver, has been transferred to Salt
Lake as assistant TO Manager William
Z. Mckel of the American Surety
All OF the outstanding business OF the
Bankers Fire Insurance company OF
Phoenix, Ariz., and OF the Phoenix Fire
Underwriters. both having headquarters
in Los Angeles. has been reinsured In the
Ffreman's Fund Of San Francisco.
Receivers Of tho Ohio German Fire
company have paid 42.12 per cent To the
creditors and promise final dividend IN
a few months. The amount and time OF
payment is dependent upon pending lit-
cation.
The Travellers OF Hartford has issued
compilation Of twenty-five marine dis
asters which occurred during the past
fifteen years, causing the loss Of S0i3
lives. The list includes only the most i'm
portant disasters.
The report that the Kansas City Cas-
ualty company, recently admitted 10
Utah, has sold out or was trying To ef-
feet a consolidation with another COM
dent of the company, Charles j, Schrneit-
zer. who dcnounces the same as false
and malicious"
Mcdonald 6; Miles have been appoint
burg Bremen Fire company. The agency
Will cover all Pacific coast territory with
the exception of the mountain ileld and
including Washington and Oregon.
Commissioner Done who Is returning
from Chicago. where he has been look
Ing after tho interests OF western liabii-
ity insurance agents. IS delayed in Dem
Yer, according TO a telegram received
from him yesterday. on account OF the
snowstoTm. He is expected to reach Salt
Lake some time today.
Otto Y. Schaefer OF New York. secre-
tary OF the Westchester Fire company
will be In Salt Lake shortly on his way
to the Pacific coast. The Westchester IS
In Salt Lake by the Agency
company and Charles f. Fabian and
fourteen other agents in various parts
OF the state
Hartford Insurance company's fire, life
and casualty have invested In more than
81 900. 600 of the New York, New Haven
& Hartford Railroad company's new
short term note issue OF $40, 600 900.
which returns per cont on the invest
rnent.
Insurance Commissioner Ferguson of
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-12-08
sANDSTORM- KENDALL
| FINANCES ARE LOW
Ieyies Assessment of 2 Cents
a Share; Money to Be Used
for New Equipment.
COMPRESSOR is NEEDED
Management Considers Re-
cent Mine Discoveries
Worth Development.
COMPRESSOR is NEEDED

Local stockholders OF the Sandstorm
Kendall Consolidated Mining company OF
f;oldIlcId New, are receiving notices OF
faI No for an assessment OF cents
i share on the outstanding stock OF the
|companv The assessment Is payable at
once and becomes delinquent December
se: the sale date Is February .. Accom-
nanying the call IS q financial statement,
showing the disposition that has been
made OF the money received from call
No. z. amAunting 10 Sj3,356.6i, together
WITH a report Of the manager, setting
forth the progress made in development
md the results attained in this work.
THE statement issued by the secretary
reads as follows:
'IThe crosscut was extended into the
vein for distance OF forty-flve feet. On
what was supposed to be the hanging
wall orc of good grade was found. This
ore Yields ASSAYS from $50 TO $50 per
fon. The ore occurrence at this point
Is erratc and Irregular, and ore OF this
talue does not vet occur In commercial
duantity. This ore-bearlng formation is
heinE prpspocted by drifting north and
south and has been followed for a dis
a n Tfty fppt
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-12-08
FIVE GREATEST
MINERAL. STATES

Pennsylvania, Ohio. Illinois and West
Virginia are credited with over 40 per
cent OF the total mineral production of
ths United States. PENNSYLVANIA out
rs per cent OF the total, West Virginia
comes second, Illinois third and Ohio
fourth. California, with no standing as
producer of pig iron, iron ore or coal,
stands fifth IN rank among the states.
owing 10 its heavy production OF gold and
petroleum.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-12-08
MINERAL OUTPUT
OF MASSACHUSETTS

The mineral production OF Massa-
chusetts in 1912. consisting mainly Of
stone, clay products and lime, amounted
TO S6,651, 514, according to the United
states geological survey. The value Of
the stone produced. so per cent of which
WAS granite. was So. sos, ,279.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-12-08
Install More Equipment.

In order TO successfully carry out our
present mining policy. il has been found
nseessary TO Install additional and more
Efficient equipment The company has
already taken steps to secure a larger
compressor and better pumping equip
ment- For these reasons it has been con-
aluered both necessary and advisable to
levy a call at the rate OF cents per
'share.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-12-08

Oregon. after visit to the Wisconsin
department. has declared himself in fa-
vor OF state lie insurance for the peo-
pie of his state.
decision holding that the surety on O.
contract IS not only responsible for the
completion OF work by a contractor, but
also for moneys leaned to sub contrac-
tors. where the money is used in the
performance OF the original contract.
At meeting of the executive commit
tee OF the American Association OF Acci
dent Underwriters. held In Chicago on
November 2S, a resolution was adopted
favoring federal supervision OF insurance
a bill will be drafted along these lines
and will shortly be submitted TO con-
gress.
Sxty-six FIRE companies OF the coun-
try have issued instructions 10 their
agents in Kentucky to decline state rates
on all dwelling business and not 70 write
any more policies after December II. The
companies charge that the state rating
board is ignoring some OF the provisions
OF the law under which the board oper-
ates.
Insurance Commissioner Valkenburg OF
Idaho has modified his recent ruling with
respect to the resident agent law. Com
psnies or agents may now accept ousl3
agents but the business must either be
written by or through resident agents
who are TO keep record Of The same
premiums in full.
The Pacific Mutual has just paid on
two accident policies the sum of $50. 600
to the benehciarles OF the late Grafton
Stevens OF Willamette, ILL.,, who was
burned TO death in q fire which destroyed
his home last October. The total prem
iums on the policies, taken out one and
three years ago, amounted TO only $3.50.
One of the regular old line companies
paid s5,013,6 90 In death claims. cash
values. dividends and annuities during
October. To living pollcyholders 81, $685.
257.S4 was paid, and S2.174, 406.75 was paid
to the beneiiciaries OF 757 persons who
who died
Seattle and Tacoma. Wash., have hnd
an unusually large number OF saloon
flres OF late and heavy verdicts have
been returned against the insurance
companies by the Jurios trying the suits.
Suspicious features are said TO have sur
rounded most OF the cases. while not a
few OF the saloons, 1t was alleged. were
insured on grossly overvalued stock. For
the latter cause Federal Judge Cushrnan
held tie companies TO blame In employ
ing incapable agents,
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-12-08
HOW TO FIND THE BOOK TITLE A PICTURE
REPRESENTS

Suppose picture represents two children playing
the porch of house, directly under large American flag
Suppose that picture drawn represent the book title
Under Americas Flag Well, If you have catalog you
will have know begin with that such title exists
Simply your ingenuity in figuring out
what titles that picture might represent Then look your
catalog to of them is listed there If you do
hr of possible titles in the catalog
is and search through the cataog
another
such title Under the Flag Under the
Banner of the Free "Under the Stars and Stripes
Under Americas Flag Look through the caaog for
of these possible titles until you find the oneUnde
Americas Flag"
All the IT titles in the official copyrighted
caaog and each picture drawn plainly and clearly
represent book title only
Easy solve picture isn't it2 You'll many
actual Pcturegame pictures easy solve the
ample given abovel
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-12-08
Insurance Notes

Thomas +. Daily, president OF the Cap
itol Lifo OF Denver denies the published
statement that his company was likely
TO be merged with another.
Agents of tho Prudential Life made a.
roma rkabs record for October. D spacIal
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-12-08
Now With Jennings Agency.

Wilford Moyle OF the MoyIe company
formerly general agents for the American
Bonding company. until the merger with
the Fidelity & Deposit was affected sew
eral months ago, ie now associated with
the Jennings Insurance agency In The
Tribune building, where he has been Civ
en- charge OF the agency's bonding de-
partment.
Equitable Surety company OF ST. Louis,
MO
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-12-08
Enter his Contest TODAY

You can enter Contest at any time.
Order the paper sent you for three
months beginning with issue Of day
your order is received.
Get In the contest right now. It
H just becoming interesting.
Don't miss a single picture. Get
this paper every day.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-12-08

One of the regular old line companies
paid s5,o73, ,664.09 In death claims. cash
values. dividends and annuitles during
1884 was paid. and S2I7i, 406. Is was paid
to the beneiiciaries OF 757 persons who
who died,
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-12-08

simply want the opportunity Of show.
ing every sufferer whose case Is still
c. rable what ] can do In Chronic Dis
cases; VarIcose Veins, Eczema, Liver,
Kidney and Bladder Troubles, Rectal Dis
eases. Piles, Fistula, Rupture. even when
others have failed entirely.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-12-08

THE SALT LAKE TRIBUNE'S
$15O0.00 Gold Booklovers' Picture Game.
Picture Mo- 5S December s, 1918
Norwich bulletin., 1913-03-12
A Word of Warning.

Mrs Ella Flagg Young, s1Iperintend- ent of schools, sees danger to the schools if the National Education association. Mrs. Young returned yes terday from Philadelphia where she attended the meeting of the depart ment of superintendents of the Ma t1onal Education association.
 Tt was perfectly evident" she said that the departments of education in the universities of Columbia, Harvard Chicago Yale, Michigan. Illinois, and Wisconsin were more in evidence thar ever before in any meeting of the Ma tional Education association. Those departments in the universities seem to be trying to get control not only of the department of Bupert1tendents but of the National Education association generally. 50 they might place gradu- ates in desirable positions throughout the country. regardless of the fact that they have had a very limited expert ence.
 However. there is q committee ot Fsferne which will act aa chcie in this rgard, This committee will furnish advice as to the standards of any school" Mrs. Young Is a member ot the eo1nnaittee.-Chicaso Tribune.