Salt Lake Herald-Republican | 1912-12-29 | Page 15 | Deny Intention of Consolidation of Insurance Concerns

DENY INTENTION or OF CONSOLIDATION TIN or OF INSURANCE CONCERNS Owners of Majority of Continental Continental Conti Conti- Life Stock Issue Statement Relative to th tho changes In ownership of or the capital stock of tho the Continental Life Insurance company which have havo ghen rJ o to various arlous surmises with JIen reference reference- to a possible ble consolidation of that compa company with the Beneficial issued yesterday Life Lire a S statement was by owners a of ot a n majority of or the Continentals Continental's Continentals Continental's Cont- Cont Conti Conti- stock In which any ny thou thought ht of or such a a. con consolidation is 15 denied The statement also denies that control of or orthe the tho stoc stock has passed to officials of or tho the Mormon Monon church or that any attempt has ha ha been boen oen made b by such officials to se secure secure se- se cure re the control of ot the Insurance e com com- compan pan pany The statement Is signed b by F. F J. J Hagenbarth I H. H C. C Edwards H. H N. N Mayo ao C. C W. W Nibley 1 leY Edward L. L Burton T. T R B. R Cutler Cuter N. N G. G and W. W S S. S After saying that that the Instrument made fer b by each of or the tho signers signors was made mado because each considered It a good In Investment investment In- In vestment the statement continues We emphatically disclaim an any In Intention In- In e or thought either eltheL at the time of oC tenton investing In the stock of said company company com corn pan pany or since since to bring about an any consolidation consolidation con con- between between It i and tho the Beneficial Bene Bene- Life LIa Insurance company or nn any other comp company n On the contrary It I is our intention to maintain the Integrity and individuality of the tho Continental Life Insurance Investment company compan to the end that the same may ma- continue an Institution the best of or Is kind in inthe inthe th the west Control of the tho capital stock of ot the Continental Life Insurance Investment Investment Invest Invest- ment company has thas not been acquired by bythe bythe y the tIte officials of the Mormon lormon church nor h lias hus any endeavor endea been made by such parties Hurtles Uy to acquire the control of ot said company nor nr will said aid company la in In the tho the tutu future be controlled or dominated nor Its Hs policies dictated b by th the adherents r of an any particular sect or creed or cla class s of men The he statement points out that the company has assets amounting to o more mor than a million milon dollars and sa says s 's It Is Isone Isone one of the few fe companies that has made mado an ait apportionment t of Its Is surplus among the holders of Its is participating policies Such uch being true It i continues It must be bo apparent that n nothing thing could be beg g gained by a consolidation o of this company com corn pany peon with any all nother n- n other Insurance compan com corn pan pany S-S S