Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1917-04-07
A PROCLAMATION

That their business would not be interfere
With. The proclamation is as follows:
A PROCLAMATION
H Whereas, Certain insurance compa-
Z nies Incorporated under the laws of
the German Empire have been ad-
E mitted to transact the business of in
eurance in various States of the United
States, by means of separate United
States branches established pursuant
to the laws of such States, and are now
engaged in business under the super
vision of the insurance departments
= thereof, with assets in the United
States deposited with insurance depart
ments all In the hands of resident tus-
= tees. citizens of the United States, for
Y the protection of all policy holders in
Y the United States.
And whereas the interests of the citi-
xens of the United States In the protec-
\ tion afforded by such insurance are OF
great magnitude, so that 1t Is deemed
b to be important that the agencies of
y such companies In the United States be
permitted to continue in business
y Now, therefore. L. Woodrow Wilson.
President of the United States of Amer
fca, by virtue of the power invested In
me as such, hereby declare and pro-
Y claim that such branch establishments
= of German insurance companies now
In the United States pursuant to the
laws of the several States are hereby
authorized and permitted to continue
the transaction of their business I'm ac-
cordance with the laws of such States
In the same manner and to the same
extent as though a state of war did not
now exist:
Provided. however, that all funds of
such establishments now in the pos
of hntr rna /, par or ,tG
which shall hereafter come into their
possession, shall be subject to such
rules and regulations regarding the
payment and disposition thereof as shall
be prescribed by the insurance super
vising officials of the State in which the
} principal office of such an establishment
In the United States is located, but in no
event shall any funds belonging to or
held for the benefit of such companies be
transmitted outside the United States.
nor be used as basis for the es:ab-
lishment directly or indirectly of any
credit within or outside of the United
states to or for benefit or use Of the
enemy or any of his allies without the
Permission of this Government.
In witness whereof / have hereunto
0et my hand and caused the seal of
The United States to be affixed.
Done at the city of Washington, this
sixth day of April, in the year of our
Lord. one thousand nine hundred and
seventeen. and of the independence Of
the United States. the one hundred and
forty-first. WOODROW WILSON,
Signed by the President.
: ROBERT LANSING,
Secretary of State"
INSURANCE COMPANIES AND WAR
q The present great problem, however is
me status OF the life insurance polices OF
men no. now in service. but who are liable
g De drafted into service. 1t Is engaging
ne attention of many anxious citizens.
A canvass OF the offices of the PRINCIPAL
lie insurance companies doing business in
his city today established the following
acts as applying to a large majority of
hese companies:
First. Citizens already holding policies
y these companies IL called to military or
laVal service will not be called upon to
'ay any extra premium. and the companies
VIII carry out all the provisions of the
'olicies IL the insured continues to pay his
when due.
Second. Any citizen applying for insur.
nee today. who states that he has no in
ention of entering the military or naval
ervice, will receive a policy just as though
% war conditions prevailed, without re-
Tictlons or extra premiums. This condi-
ION Is liable to modification at any time
ma is under consideration by the eXecu-
ives OF most of the larger companies.
FIhird. Any citizen applying today for
1surance, who states that he either ex
ects 10 take up military or naval service.
: is at present engaged in it, will find
pine companies who will issue him a policy
'itn an extra premium added, and with
ertain conditions and restrictions iinposed.
nile other companies absolutely refuse to
ccept such insurance. The amount of tn,
ktra premium varies in different companie>
no also according to the branch of the
srvice IN which the applicant will b, en-
aged. III. for instance, the service shouId
. In the Quartermaster's Department
ANY companies will take such a risk with
Vt any extra premium.
some life insurance companies who had
~ war clause in policies issued by then,
Dme years ago are advertising that such
ciause Is now waived, but very few COM
anies have such a clause
PRoVIDENTS BUSINESS sySTrNt
The Provident Life and Trust Comnanv
ourth and Chestnut streets, has neye,, is
'ed pohcies 70 military men--that is, raru-
" army officers. 1t has issued policies
members of the National Guard I'm the
asst ana these policies hold good without
ny extra premium payment, whether, tho
oioers OF them go to the front or not To-
- iNiuSc TO a
Fr of the National Guard Matthew
taiker, the head of the insurance depart-
ent OF the Provident Life and Trust Com
any, takes broader view of the obIipa
ons OF life insurance companies under
resent conditions than his company He
lys that he doubts the policy of the
Eecutives of any life insurance company
'xpsing insurance to men going into sery-
g. even though the mortality should i'm
lir the reserves"
he said: Here. for instance is our own
2mpany with millions of securities in its
>1its. In war of invasion, where these
4<1ables are In jeopardy we' call on these
|ep who are in service to protect them
they succeed. they are heroes; but we
fuse to insure them and at the same time
0 will insure the Stacker
sThere is great, big question of moral
'ligation involved, and it should be placed
in the Penn Mutual the future policy of
= company In reference to insuring cit
tns who may be called out any day IL
lor consideration by the executives
- representatives of the big New York
4nies are going ahead as they have
Tor some time past, but are i'm ex-
5pn OF definite information at anv
from headquarters.
10 regular monthly meeting of the
&ntion OF Life Insurance Presidents
~ f65 Broadway, New York, Yesterday
coon. the question OF future action was