Salt Lake Herald | 1899-12-31 | Page 5 | Will Form New Compact

WILL FORM NEW COMPACT Life Insurance Companies to Avoid Payt of Commissions Ne Yorl Dec 30The Herd says Steps are under way among life insurance insur-ance companies to form a new ant rebate agreement prohibiting the payment pay-ment of comiIons to agents throughout through-out the count It Is intended to take the place or the old agreement from I cl two ot te largest coinan1es wnoaew sever montns ago tnereDY rendering the agreement void Ofcer ot several ot the companies met several das ago and nominated a committee for the puse of drawIng up a neW compact The Mutual Life and the Equitable stand aloof in this movement The later and the New York Life havp plan of their ow In this direction This committee has been appointed to draft an agent for suppressing rebates Darwin P Kingsley third vic president ofthe New York Life John R Heeman president of the Metropolitan J M Pattsn president of the Union Central and Joseph Ash brook company of the Provident Life Trust