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Show ;0E0LiHESJ53,efl8 1 INSURAJNCE OFFER School Directors Give It to "Board" Companies' Rival ) m Tho Northwestern Mutual Fire as- i soclntlon, whfch wan allotfed ?2, 100.- ! 'j 000 In lnsuiitnco policies on Spakano w school bulhlliiBfl and conleulB nt tho M ast meeting of the ncliool board, was glvon another $750,000 yonterdny 4k at a special meotluB of tho board. ' 3fc I This extra 57C0.000 was tendered 'a few dayu ago to tho board com- ijffl jpnnlCB of Spokano( who hud com- 1 blued to bid nKaliiHt the Northwest- cm Mutual. The board companies. 'sent a special coiumllleo to tho I ! school hoard yoetoidny to complnln I aRalust what they termed nn unfnl H appoitloninenl of the school Insur- H ance and to refuno to take (he 7 CO,- fl 000 offered unless this amount wa3 H ilucroased. Tho shool board declined H to alter Its original award and . H pinmptly turned the $750,000 over to H tho Northwestern Mutual. Arthur V. H nakcr rcproHontci' tho Mutiml whllo M Harry C. Miller, Thomas K. Mnionoy. H David A. McKlnlny and Frank W. H Mcaskely represented the board U companies. 1 This gives the N'otthwestern Mu- M tual a total or $3,200,000 In policies M written on Spoknne school buildings M nnd contents, whllo $000,000 nn the. M North Central high school, wrltton U about a year ago, Is held by tho M board companies. tt Tho buildings havo bcon uniform- M ly I limned at 00 per cent of their M valuation excepting tho fire proor M buildings which are Insured nt SO por M .cent ot tho valuation. , M The total amount of tho premiums M for threo yenrs of Insurance Is nbout tM $32,000. Tho Mutual compnuy ban tM been paying nbout a 2T por cent illvl- sH den on a threo year policy, which y B would mean n return to tho Fcliool M board of $8,000. Spokesman Ho- M H |