The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1929-01-04
tofficii City. state and County Newspaper,
THE PROvIDENT CONSERvES


The Provident Life Insurance safs Of three states
meeting here in annual session 1t event OF inter-
est to Bismarck, Bismarck is the home Of the COM
pany Bismarck knows the Provident is important
financial institution to the state and to its capital city
Somehow or other there wasn't note OF this in the
opening Of the conference except George Shafer
ernor -elect, expressed it.
In Mr. Skaters remarks welcoming the conference to
the capital Of the state Thursday he referred to the
company q medium Of conservation for the states
potential investment wealth. It reservoir for
the accumulation Of capital which is needed at home but
which conceivaby might be diverted to Wall Street and
to stock speculation North Dakotans compelled to
seek their insurance in other ceners in close relations
with the speculative section Of the country BY absorb
ing this capital the Provident Is enabled to keep mill
lions ct home for the credit requirements Of the agr
cultural and industrial interests OF the state.
the Provident were steel MILL automobile plant,
oil company sugar corporation equally prosperous
and the financial basis. North Dakota and Bis
marck might be more demonstrative It, These in
dstries however, possess only the merit of wealth pro-
ducer In the Of the Provdent company there not
only Is the production Of wealth through the insurance
companys investment capital. but there also is great
public benefcence served in its protective capacity to-
ward dependents in OF the death Of family head
This has become important and growing function in
every community Years ago insurance did not occupy
the position Of favor It enjoys prejudice existed
against It, Sometimes sordd crimes for enrichment by
frauds in the gse Of insurance cropped out People
with sma incomes felt hectored by the opportunities Of
% se them policies. It felt also that
life insurance was Nike capalizng DEATH it sord.
And always w1se personnel Of the insurance agent
STATS prepossessing. Many Of the who sold nsur-
were In tsbmness simply they had failed
In all others.
Today this all Is different Insurance statesmen have
become technicians In slescra More and trained
men, college and university graduates entering the
business People with tight incomes realize that the only
possible accumulation Of savings that they may
their dependents Is In the form Of insurance Mawkish
ideas about captalizing death have vanished Insur-
frauds longer demoralizing public ap-
praisa Of such investments There is eagerness
put instamens Of savings into this form Of protection
And Of great wealth who afford it invest thou
sands Of dollars in big policies that they may
estate to their families assured against the fickleness
business Too many businesses fail while others thrive
Insurance does not fail.
It Is interesting to note that before 1929 Indicates
favor Of 1880 life insurance in force in the United
win have reached the staggering volume Of
according to survey just prepared. This total
penence It also shows that prosperity is not being
entirely consumed in the enjoyment Of the so-caed
terial things
Fifteen years ago the total amount Of life insurance in
force In the United States which then
appeared to be tremendous total Within sixteen years
present estimates hold the people will have multiplied
their investment In this direction five times.
i = amid business Of such staggering finance that
the Provdent company growing institution. That
Same recommendation for IT, But here in Bismarck its
Greatest recommendation the character Of the who
bead the company and guide It's destnies They have
been the factors Of its It viii be pleasure OF
The city 70 note from to year the expansion and
cTeasng public service Of this company.