Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1915-06-03
INSURANCE COMPANIES DOING
BUSINESS UNDER coMPEN-
sArIoN LAW PROSPER.
CONCERNS
EARN PREMIUMS OF $ass,57s
Pay Out ~ Per Cent Of Amount Ae.
tuaIly Observation-Disclosures For "cola
Stakes at State Fair Large
Warden Sanders Proud Of Prison.
Made Auto Truck.
pecial OF Times-Repuplican.

| SFSCldl OF 1llueS.h eQuDllCan.
Des Mcines, June SIN the Just pub
lished volume by the commissioner OF
insurance on casualty and miscellane-
GUS insurance business, Commissioner
English presents one entirely new
table that will prove of some interest
to employers of labor all over the state
as throwing light on what is actually
being done under the workmen's COM
ipensation act. The table is one with
la list of the companies engaged in
writing workmens compensation in
Iowa, with statistics as to their busi-
ness as they have reported the same.
There are twenty-six Of these COM
panies, only two being located in Iowa,
one in Des Moines and one in Cedar
Rapids.
| These twenty-six companies wrote
| policies or renewed policies, in Iowa,
during the year 1914, with gross prem
iums Of sssS.6Ss.ss.
| These companies earned premiums In
the year on Iowa business, amounting
| to $685.
Prior to Dec. / Of that year they had
paid on losses including the compen-
sation provided by law. medical and
hospital benefits, etc. total of ST.
S25.2S. Their other expenses in con-
nection with these losses, such as at
sorney fees and expenses of sdjusters
amounted TO s14.5S3.0s.
The companies engaged in this bust
ness therefore returned TO the people
of the state who take out the compen-
sation insurance about - per cent Of
ins 1'S- ntr-c Snv
doing the business
In former years the report on casual
" and other miscellaneous insurance
was grouped with either fire or life,
bu, this year has been published in a
separate volume which makes II very
much more convenient for the public.
The report on fire has already been
printed.
The entries for the colt stakes" for
the state fair races closed yesterday
and there were several hundred colts
nominated to go at these races. For
merry there were eight classes entries
| for which closed g. this time, but now
the 2-year and the 3-year trots and
I, PAGES are the only ones in the list.
| The surprising thing was the large
| number Of colts nominated for these
races, indicative Of the fact that the
| people are still engaged in rearing good
horses and are deeply interested IN
racing. The applications for blanks
came from dozen states and from
Canada. Scores Of excellent racing
farms are represented. The races COM
menced last week IN the Cedar valley
circuit and an unusually fine lot Of
horses went in the races. There can be
no doubt therefore. that the racing
season in Iowa and the states west and
north will be good one.
|
Warden Sanders. who was in Des
/ Moines yesterday with the auto truck
he made az the prison for use at Wood
ward, Is quite proud of the machine
and the workmanship thereon. 1t is
a ton and a half truck but of course
can be loaded TO double that amount.
II is well finished and of handsome de-
sign. Mr.. Lindsay. lifer from Jasper
county was here in charge of the truck,
as he was at the head 0. the design
ing and constructing crew that made
It II the state should go into the BUSH
ness Of making trucks and contract
for engines and parts in quantity a
| goodly profit can be shown, but IN the
| making OF only a few trucks there can
! be only small saving
| That there is an abundance Of money
! in the state and a steady demand for
/ money to be used in industries Is
! shown by the fact that the Iowa insur-
! ance companies had on hand June / In
! the office Of the insurance commission
| er securities belonging to the COM
| panies to the amount Of over 1880
! 600 This Is an increase of over $685.
| 900 in one month. These securities are
| bonds. mortgages, etc. all perfectly
safe investments, held by the COM
missioner merely for safe keeping and
10 make sure that the companies are
| doing business in safe way The
+. steady increase in the volume Of these
/ securities shows that the insurance
companies are issuing more policies
and the people are paying for large
amounts of life insurance.
| One Of the law questions Assistant
Attorney General Robbins answered
this week was propounded by a min
lister Of the gospel, who wanted to
know what difference, If any. there was
in the status Of licensed minister and
an ordained minister in regard to per-
forming marriages in Iowa. He was
given a quotation from the law which
Jumps the two together. In fact under
Iowa law 1t matters very little who
performs a marriage ceremony, az
marriage is regarded az a very irreg-
ular and unimportant matter.