Show READY TO fIGHT FOR Mutual Company Will Enter Salt Lake Field Against the New Trust BENEFITS TO BE ASSURED ALL MONEY ABOVE ACTUAL COST TO BE RETURNED j I the avowed purpose of fighting the fire insurance trust in Sait Lake which has resulted from the combination lion tion recently made be between tween the board and corn com companies the Northwestern Mutual Fire as of Seattle Wash has ha en entered entered the fire insurance field in this state A lively war against the tho corn com combInation Is promised during the next few months It Is by those at the head of the new company that the they will cause all fire ins rance rates to tobe tobe be lessened greatly The new new corn com company pany promises to make rAtes SO low that unless the other companies meet the cut the business busine of the latter will suffer BUffer in consequence Company Is Mutual According to the statement Issued by bythe the now new company the Northwestern Mutual Fire association is an organization of property holders and not an insurance company formed for the sole purpose oi 01 making money The plan pursued by the company is to collect the insurance rate of board every six months All the money over and above the actual ex cx expenses of operation and the amounts paId out for fire losses is returned in the shape of dividends to the policy bolders The company has made strict rules as to inspection of risks and the construction of b This it is claimed has had the effect of lessen lessenIng ing the danger of fire Mutual fire Insurance companies while old in the United States are new to 10 the west Never before in the his history history tory of Utah has there been a corn com any pany of this character operating here The mutual fire insurance system has been In operation since 1835 The first principle is to share benefits the assured by the encouragement of property improvement Specially im improved improved proved property derives the sp specIal cial benefit of greatly reduced rates By using this method it is claimed that the mutual comp companies nies have forced the board companies to reduce their rates Rates to Large Holders Large boWers of property especially factory owners owners and the like derive the greatest benefit from mutual fire as assurance assurance An Instance of this is cited In Inthe Inthe the rate made to cotton factories where the rate is less than 1 per thousand of insurance carried The rate of other than mutual companies runs as high as 5 per thousand nd The new company has bas not as yet art the location of its it offices nor northe northe the local agents That it will enter the In competition with the board and companies is definitely known however The Northwestern will be ready to write Insurance in Salt Lake within a fe days it is said sald |