Willmar tribune. [volume] (Willmar, Minn.) 1895-1931, 1919-09-24
EQUITY INSURANCE
..-.s. ..ss..~. BRANCHING OUT
Cooperative Life Insurance Organ
ization Started in Montana
! : Opens Offices IN St: Paul.

Society of Equity Of Montana inaug-
urated its insurance departmepnt.5lT The /
of these past three years
has proven that the business Of tnsur-
ance will be one OF the most vital
factors in promoting the cooperative
interests. =. "
During the past three years this in
surance department has handled ap-
$20,000,000 of insurance
in all lines. Naturally they have Sc
cured very large volume of prem
iums which has already been a great
factor in assisting in financing CO.
operative enterprises.
In announcing the entrance of the
Equity Life Insurance Company into
the states of Minnesota, South Dako-
ia, and later other states the Equity
Life Insurance Company states that
already a. quarter of a million Of its
capital stock has been sold to over
four hundred fifty stockholders in the
state of Montana. While the present
authorized capital of the company pro-
vides for but 100000 the directors.
Of the company will have re.author-
ization provided which will permit the
capitalization of the company to one
million dollars. This will make COM
pany financially strong and in keeping
with the various cooperative enter
prises which the Equity organization
has brought into being, such as the
Equity Cooperative Exchange, the Co.
operative Wholesale Society of Ameri-
ca. and other kindred organizations. :.
The officers of the American Socie
ty of Equity of Montana made a thor
ough and exhaustive investigation in
to the question of insurance generally
before taking up this particular plan
of life insurance. Also they procured
the services of the most expert life
insurance men obtainable to assist
them in their investigations They
are, therefore. confident that they are
offering plan of life insurance to it's
members that will prove not only re-
munerative to their stockholders and
help to finance cooperative organiza-
tons, but will furnish life insurance
on the the most modern and approved
plan at the least possible cost.
What the Equity has always advo-
Gated from its very inception is be-
ginning to be recognized as facts by
those who know. This is evidenced
by the following excerpts taken from
the hand book for South Dakota in
vesters issued by w. L. Henderson,
Secretary of the State Securities Com
mission, in which he says: "Speaking
of Cooperative industrial enterprises
and companies the records of this
office show that all such companies
reporting to this commission for the
year 1917 show an average gain of 80
per cent of all capital invested" He
also says, Facts and figures cannot
count in business matters and that
the members of the commission feel
proud of the records recently made
by cooperative stores" He says fur
Their, "Our records show that the SAT-
est stock investment in this state is in
the farmers companies. Money invest
ed in home institutions bring good re-
turns in dividends and becomes fac
tor in the upbuilding of the communi-
ty.'
The various cooperative Equity or
CARNATIONS have given this Equity
endorsement and believe that every
take live interest in it's upbuilding.
stock as an investment is not only
Questionably the most secure. In
fact there are more safeguards thrown
around the business of life insurance
than any other class of business.
The Equity Life Insurance Company
has recently opened Offices in St. Paul,
Minnesota at 703 Pioneer Building
under the management of Mr.. E. A.
Tyler. Equity members and coopera-
tors seeking a safe, sound investment
that will be used to fight for coopera-
ton instead of against it are urged
to become identified with this com:
pany as stockholders.
While the Equity Life Insurance
Company was incorporated under the
laws Of Montana the intent and pur-
pose of the incorporators was to make
the company national in character.
Following out this idea after sufficient
development had been made in Mon
tana, this company was duly admitted
to continue the sale Of it's capital
stock in Minnesota and South, Dakota
Carrying out the naturalization plan
Of the Equity Life Insurance Company
the Offices which have recently been
opened at 703 Pioneer Building, St.
Paul, Minnesota, will be the principle
business Offices Of the Company. The
Home Office will be maintained at
Great Falls, Montana.
In furtherance of the nationalist
ton of the Company the original dir.
ectors for the purpose of organization,
are being changed as the Company
desires proper representation in it's
directory from national standpoint.
In the places of those resigning there
is being chosen to succeed them: J. M.
Anderson, president of the Equity Co.
operative Exchange, Mr.. A. C. Welch,
president Of the Minnesota State I'm
ion of the American Society of Equity,
and Mr.. Nels Magnusen of Souris,
North Dakota, State Senator and prom
inent Equity official Later, as the
company progresses, representatives
will be selected from other states,
which will indicate that the company
is being Oficered in a. manner to bring
it into closest cooperation with all the
various cooperative institutions.
This paper has been authorized by
the Equity Life Insurance Company
to extend hearty invitation to those
interested in the cooperative work to
visit its Offices at st. Paul, and become
acquainted.