Bismarck daily tribune. [volume] (Bismarck, Dakota [N.D.]) 1881-1916, 1915-03-13
LIFE COMPANY
ORGANIZED IA ! HERE
PRovlDENT INSURANCE COM.
PANY OF BISMARCK READY
FOR BUSINESS.
WELL KNOWN men BEHIND II
Authorized CAPITAL Stock of the Com.
Authorized Capital Stock Of the Com.
pany Is s25o,coo.

Articles OF incorporation of the
Provident Insurance Company of Bis.
marck North Dakota, have been ap-
proved by the attorney general and
commissioner Of insurance of the state
and a certified copy, issued from the
insurance department of the state, was
filed OF Thursday with the register of
deeds OF. Burleigh county.
The Provident Life is now in the
process If organization. The authoriz.
ed capital stock of the company is
$25O, OOO.1r
The articles make the home office
at Bismarck and offices have been op.
ened in the First National Bank build.
ing, in the rooms formerly occupied
by Judge Bradley.
The company proposes to do a life
and surety business. There are no
insurance companies that handle as
heavy and continuously; growing an
nual receipts as the life insurance
companies. and as under the Forth Da:
kota statutes the capital stock and sur
plus must all be invested in North Da.
kota securities such a company be-
comes a decided builder in the devel-
opment Of the state.
The incorporates.
The following named incorporators.
all of them well known men in this
and other states, are back of the new
company:
o. S. Basford, formerly of Redfiield,
South Dakota. For seven years insur.
ance commissioner of that state and
generally conceded to have been one
of the best insurance commissioners
South Dakota has ever had. Mr.. Bas-
ford now makes his home in Bismarck.
F. l.. ConKlin, real estate dealer and
for six years the president Of tho Bis
msrck Commercial club.
J.. L. Henderson, formerly Of Aber-
deem, South Dakota. Mr.. henderson
was general manager Of the North
western Life Insurance company of
Aberdeen for the last couple of years.
Prior to that time he was connected
with the insurance department of the
state of Wisconsin and afterwards
served as secretary and actuary of the
Wisconsin National Life Insurance
company. He, too, is now making his
home in Bismarck.
w. Fl. Mann, member of the state
board of railroad commissioners.
l.. H. Bratton, editor and publisher
of a paper at Rugby and a member Of
the recent legislative assembly.
G. r. Walding, a resident Of st. Paul
where he is secretary of an insurance
company.
John Knauf Of jamestown, member
and secretary of the board of trustees
Of jamestown college and member Of
the 'Stutsman county bar.
George w. Fisher, Redfeld, South
Dakota. For two years acted as an
examiner for a state insurance depart
ment. He is somewhat in the lime
light just now, having, because of GER
tain articles he has written on rural
credits, been called to Washington to
be interviewed by a congressional com
mittee on that subject.
Prospectus Is Out.
The company is just now issuing a
neat prospectus, which is just off the
Tribune press. This prospectus is
really a little North Dakota booster
publication. A part Of the booster
"dope" in the prospectus is quoted:
"Who knows of an section of all the
great Northwest, which, during the
last ten years, has shown greater de-
yelopment than North Dakota. In this
process of development, resources, in
addition to the productiveness of the
soil, have been discovered underneath
the soil. biologists estimate that in
this region there lies buried, not far
below the surface, 800, 000, 1000 .tons of
Ignite coal, the continued of which
is bringing it ever into greater favor,
and which means in the settlement of
this region, a salvage in fuel expense
Of hundreds of thousands Of dollars
annually. This salvage is distributed
to the dweller on the farm and the res
idents Of the villages and cities. West
of the Missouri there have already
been established manufacturing plants
which are sending out large shipments
Of the very best quality of brick, made
from a choice quality of clay, and Sc
curing the approval of builders east
and west.
The Western Slope.
"The development west of the Mis-
souri, is indicated in a measu from
the following statement of banking
conditions, as reported by Mr.. Tim
norman Of Mandan, in 1913.
"tIn 1892, two banks served the ter