Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1914-09-25
ON INSURANCE
TIGHT MONEY MARKET SAID TO
CREATE BAD BUSINESS
POLICY.
INSURANCE COMMISSIONERS NJ
RESOLVE AGAINST STATUTE
Would Make II impossible For Abuse
Of Credit Of Widow. and Orphans o.
Future-supreme Court to Attempt
to Dispose Of Iowa's Herd Of Wild
Deer.

! Special to. Times Republican,.
/ Des Moines, Sept 25. = Emory H.
English. insurance commissioner, has
returned from Asheville, where he at
/ tended the annual meeting of insur-
ance commissioners of the states and
i provinces. He states il was well
| attended convention. a vecitatle school
Of instructions for the commissioners,
at least one-fourth of the whole num-
her, who are new at the business.
/, A very interesting matter discussed
4 and resolved upon is one in which the
/ public might we'll have some direct
! interest. The convention by resolution
reiterated its position in opposition to
policy loans and cash su-renders, and
/ declared in favor of legislation that
would require of every insurance COM
] pany that its policies provide that it
have the right to hold up for period
of six months any application for
policy loan or cash surrender of pol
icy.
/, 1t would look at first as if such &C
ton was matter of interes, wholly to
! the insurance companies and not Of
public interest. But it was disclosed
that right now. as a result of the war
and its consequent tightening of the
money situation, the insurance COM
panies are receiving many more appli-
cations than ever before Tor this bor-
| n nn no of Wi *
orphans of the future. The reason. it
lis explained. is that banks are calling
in their loans and are, advising policy
holders how they can get money by
taking out policy loans. I'ne situation
is decidedly threatening to the insur
ance companies.
The banks are protected so that one
who has money owed by the bank can
not call for II short of j certain Pc
Rod; but the insurance company has
no such protection. Neither has it
leash reserve. If loans are demanded
then SECURITIES must be marketed, per-
maps at low rate. to get the cash.
and this tends to increase whatever
panicky conditions may be found.
! So the Insurance commissioners
went on rec ,rd in favor of laws to
make it possible for the insurance
companies to protect their reserves
from the raids instigated 10y the banks
/ in times of stress.
| Now the supreme court will under
take to corral or disperse the Botna
valley herd of wild deer in Iowa; or to
lat least settle the question whether
a farmer may, in sheer self defense,
kill one of the deer. The legislature
and the game warden aud lot of
other people have had their day trying
Ito settle the matter and have failed.
Now it's up to the court.
| The case of the state against L. c.
Ward has been appealed. Ward killed
a deer and in court admitted it and
| that it was contrary to the statutes of
1 the state. but pleaded that he did i to
protect his crops. He was fined $50
! just the same and appeals. it was made
| a test case.
4 The supreme court will therefore get
a chance to hear the whole story of the
big herd of wild deer and why it is 50.
! The code commission, which is com
! posed of members of the legislature
and has full charge of the publication
! of the code supplement, will meet to-
morrow TO check up on the final work
| in the preparation of the supplement
| index. The supplement is printed and
| in the hands of the binder awaiting
only completion of the index. A very
| complete index was ordered. The
| commission consists of senators Sulli-
van. Christ and Gillette, and Repre-
| sentatives Ring, Mitchell and Griffin.
| Senator Sullivan, republican is chair
| man, and Representative Mitchell Of
| Wapello, democrat is secretary.
| A very interesting question has come
up in regard to the attitude of tine
] railroads toward the workmen's COM
| pensation law. Most of them have got
| from under the law. Now one of them
! has asked the commission for arbitra
| ton on the injury to an employe In
July last between the time when the
! law went into effect and the time the
! company filed its rejection of the Law.
| The situation is reversed, in that in
| this instance the company wants to
! arbitrate under the compensation law
| and the administrator wants to go TO
| trial under the old law. The commits
! Sioner really has no jurisdiction and
probably the railroad company will
either settle or stand suit with the old
| defenses gone. While ordinarily the
| state would do all in its power to insist
! that the case be under the Iowa law.
| in this instance it must take the OPP.
posite view.
! Judge Mitchell and Judge Roberts,
both of Ottumwa, argued to the SUI
preme court yesterday case which
raises the interesting question as to
whether or not benefits may be claimed
| againstsa fraternal beneficiary society
| In Iowa where the beneficiary has not
| in fact been given the ritualistic work
| Of the society, or. in other words
| whether a waiver OF the secret work
| may not make the induction into the
society legally and null and of no ef-
! feet. In this case the beneficiary was
woman and the place for her to have
! been initiated was at city distant
! from, her home and she never went to
be initiated and take the secret work.
The company makes the claim that
under the laws of Iowa the ritualistic
| work of a lodge is essential and that
| the lodge officers cannot waive giving
| 1t to every member.
| Acklsy News Briefs.
/ Special to Times Republican.
! Ackley, Sept. 25.-The funeral of Mrs.
Charles Rippenberger. of this city, who