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Show I 1 '"H News' of the Insurance World i Women Who Work for a Living. A life insuranco ngency In Pittsburg, said to bo tho biggest and greatest ol its kind in tho world, known as thc Woods Agency, for some time past hat been conducting a "Home and Mother" campaign. In a letter to tho field stafl under dale of November 29 tho president of the agency writes as follows; Of tho 3,100.000 widows in thi3 country, moro than 2,000.000 are moro than -J5 years of age, whilo considerably consider-ably over 1.000,000 arc at least (55 years old. Ninety per cent of women who reach thc ago of 65 aro cither wholly or partly dependent upon tho charity or neneroslty of others. ,Slx million women living in America are now working for wages, and 32 per cent of all widows aro compelled to cam their own living. Linking together to-gether Thanksgiving and Christmas time, tho home and fireside, mother and children, and their protection by lifo insurance, Is one of the most happy and valuable suggesliona President Day has ever put out. How can wo individually make tho most practical uso of it? By feeling dcop-' ly ourselves tho great need of moro zealously pushing this work for home, fireside and family. Thcro are around us thousands of future widows and orphans. The more deeply wo fcol their needs, tho moro actlvo and aggressive ag-gressive will wo bo to supply them. Never nsk a man how much insurance insur-ance he wants, but how much will his wlfo and children need. Many a. man thinks he has all ho can conveniently con-veniently pay for: tho question that will concern his widow will be has she enough to live on? Kls wifo may not know how much life insurance insur-ance ho carries, but his widow will. Conduct thc argument from this standpoint. Around Thanksgiving and Christmas time a man'H thoughts naturally turn to his home and family. fam-ily. There will be Thanksgivings and Christmases when ho will no longer bo here, llomeniber tho C,-000,000 C,-000,000 women working Jor a living In thc United States, not including those working even harder in their own home:! How many aro doing this becauso they want to? "How many because someone failed to provide pro-vide life Insurance? Neglected life Insurance makes working widows. Suggest to our prospects that they arc not thc kind of husbands who bv neglect of lifo insurance force such conditions upon their families. Observe in your own community tho women working for a living ond adcertaln why. Are not many of them the widows and daughters of t:hoso who were well able to provldo some protection by life insurance? Uso them as illustrations to thoso to whom they will appeal. How can men expect their wives to do what nlno men out of ten fall to do. to mako money and, still moro difficult, to keep it when mado? Hazards Assumed by Bondsmen. .Regarding tho hazards assumed In tho signing of probates and insolvency bonds, reference to which has already boon mado in tho coiunins of Tho Tribune, the local nianuger of a well-known Now Xork bonding company writes further, giving his views on what he torms "A subject of vast importance to chronio bond Blgners and those inclined to follow in their wake." Tie imya: Most bonds are signed by Individuals Individ-uals with the mistaken Idea that they arc only guaranteeing tho honesty of the person, bonded. They assume greater hazards, and the record shown that as many losses aro paid on probate pro-bate and insolvency bonds for tho omission or commission of innocent acts as by larceny and embezzlement-An embezzlement-An executor or administrator is on-titled on-titled to collect and receive, and In responsible for rents and proflta of the estate of tho decedent. When he continues to operate thc cstato he becomes liable not only for Its rental value, but for the profits, if any. If tho estate la continued at a loss, he Is personally responsible for tho losses, and If he "in not financially able to pav, his surety must do so. In othor words, If an administrator or executor continues to operate an estate consisting con-sisting of farm property and tho crop is a failure, ho la Hablo for all of the uxpenso incurred in planting tho crops. labor, etc., as well as the rental value. Tho liability on bonds for assignees in .insolvency aro oven greater than anykothcr bond of tho above Classen. Tho entire estate may later bo thrown into tho banlcruptcy courts, and all of thc acts of the assignee disallowed bv that court. In such a caso all expenses ex-penses of tho assignee must bo cared for by himself personally, otherwise Ids surety will bo called upon to make up tho deficiency. Many Interesting cases of losses on probate and Insolvency bonds are of record In tho courts in. Salt Lake county and elsewhere. I will cite a few: An administrator mado duo report to tho court and distribution of tho nssots In his hands was ordered. Tt later devolopcd that a tax on tho persona) property had not been paid. Thc heirs could not be reached tha administrator was not financially abfa to pay, and his surety was called on to do so. A guardian of n minor child vo- cclvcd 51000 from an insurance policy. poli-cy. She thought It would bo proper ' for her to purchaso a piano for the . uso of tho child. Thc judge refused , to allow tho expenditure, and tho sureties were called upon to make up the Item, which they did. An aoslgneo had charge of a manufacturing manu-facturing plant and did not carry any flro lnauranco thereon. Tho property was damaged by fire, and the court ruled that it always has been tho policy pol-icy to protect those who, by force of the law or without their consent, are represented by others in thc care of , their property and that fire Insurance ! 'should havo been carried. The sure- ; tics for tho assignee were ordered to ! pay tho amount of the loss. if T could quoto many similar cases. j When a porson signs a bond ho becomes be-comes llablo for tho acts of both omission and commission on the part ! " of tho principal. Ho Jeopardizes his a cstato, bin earnings of a lifetime and reduces hlB credit with his banker, as well aB with other financial institutions. insti-tutions. ' Will Discuss Policy Loans. j A matter of serious consideration for j tho seventh annual meeting of the As- j soclatlon of Lifo Insuranco Presidents at I New York on Thursday ond Friday of thc present week will bo tho increasing prac-tlco prac-tlco of life polly-holders to borrow money on their policies. From the Invitations already occoptcd by company executives, it is known that moro than 80 per cont of .the twenty billion dollars of old line i Ufa insurance protection in force in tho United States will be represented at tho J mooting. Tho question will bo presented to tho assemblago by Robert Lynn Cox, i general counsol and manager for tho as- j soclatlon, who, along with others, has boon making an investigation as to tho I amount of money that la now borrowed ' on lifo Insuranco pollclon tliroughout the i country, the relative increase In recent years, the apparent reason for tho same, tho uses to which thoso hundreds of millions mil-lions of dollars aro put and other factors fac-tors in tho situation. Following Mr Cox's presentation of the subject matter ! a discussion will bo had for the purpose of endeavoring to find out a way to retard re-tard tho tendency toward a constant increase in-crease in policy loans, nnd at tho samo J tinio not to hinder Buch loans when !i factnnlly needed by policy-holders. s "Tho right to borrow on tho policy," r said Mr. Cox to a newspaper man, "at first given by some companlos as a com-potltivo com-potltivo feature, has for yeara been a matter of statutory requirement by tho I Btate. Tho rapid incrcaso In policy loans & has, however, led many companies to put i clauses in now policy contracts, permit ting mom to ueior mo mnklng of loans from sixty dayB to alx months, so as to avoid tho effects of unusual demands that might bo mado during a general financial finan-cial stringency, such as that of 1907. "Some of tho states," continued Mr. Cox, "aro now enacting legislation along this lino also. TIiIb, of courao, answers tho problem of preventing tho sacrifice of 'valuablo assets during hard times. But it doea not meot the ovory-dav prob-lom prob-lom of preventing a shrinkage of Ufo insurance in-surance protection to tho beneficiaries. It must be remembered that a policy loan not only actually reduces thn amount of protection provided for tho Individual beneficiary, but usually results in finally lapsing the policy, thereby wiping out tho protection altogether. Of course, some policy loans aro actually necessary, but experience shows that many aro obtained ob-tained merely to provide funds for speculative specu-lative purposes or for luxuries." By Far tho Biggest Year. In last Monday's Trlbuno Superintendent Superintend-ent ITelser of tho Continental Lifo was quoted as paying that hiB company had received for this year threo-quarters of a million dollars In applications, on which tho0 had been issued 5660,000. and, further, that tho company expected to pass thc million-dollar mark by Do-comber Do-comber 31. As a matter of fact, thc applications? and Issued business referred to applied to November this year only. Tho total applied for business for tho year to December De-cember 1, Mr, irelser says, "is SG.HS.000 and tho issued business 5C,025,100. The company expects to Issue more than a half-million In December, thus closing thc year with moro than 5G.500.000 of new Issued business for 1913. by for the biggest big-gest year In tho company's history. Now With Jennings Agency, Wilford Moylo of the Moylo company, formerly general agents for tho American Bonding company, until the merger with tho Fidelity & Deposit was affected several sev-eral months ao, le now associated with tho JennlnKB Insurance agency In Tho Tribune building, where ho has boon given giv-en charge of the agency's bondlntr department. de-partment. Thc Jennings agency represents the Equltablo Surety company of St. Louis. Mo. Insurance Notes, Thomas F. Daly, president of tho Capitol Cap-itol Life of Denver, denlc3 the published statement that his company was likely to be merged with another. Agont of tho Prudential Lifo mado a remarkable record for Octobar. a apodal campaigTi havlnp been carried out In honor of tho completion of twonty-flvo yeara of aorvlce with the company by President Forrest F. Drydon. Maro Hubbert, formerly manapor of tho Tltlo Guanuitoe & Surety company at Denver, has been transferred to Salt Lako ns assistant to Manager William B. JIcKell of the American Surety. All of tho outstanding business of the Hankers' Fire Insurance company of Phoenix, Ariz., and of tho Phoenix Flro Underwriters, both havlns headquarters In Log Angeles, lias bocn reinsured In tho Fireman's Fund of San Francisco. Receivers of Uio Ohio Gorman Fira company havo paid 42.12 per cent to the creditors ond promise a final dividend In a few months. Tho amount and time of payment Is dependent upon pending migration. mi-gration. The Travelers of Hartford has lssnefl a compilation of twenty-five marine disasters dis-asters which occurred during tho past fifteen years, causing the loss of 8013 IIvob. Tho list lnclud03 only the most Important Im-portant disasters. The report that the Kansas City Casualty Cas-ualty company, recently admitted to Utah, has sold out or was trying to effect ef-fect a consolidation with anothur company, com-pany, Is vigorously denied by the president presi-dent of the company, Charles J. Schmelt-zor. Schmelt-zor. who denounces thc same as "falso and malicious." TUcDonald & Miles have bocn appointed appoint-ed Pacific coast managers for the Hamburg-Bremen Flro company. The agency will cover all- Pacific coast territory with the exception of tho mountain fiold and Including Washington and Oregon. Commissioner Done, who Is returning from Chicago, whero ho has been looking look-ing after tho Interests of westorn liability liabil-ity Insurance agents. Is delayed In Denver, Den-ver, according to a telegram received from him yesterday, on account of tho snowstorm. Ho Is expected to reach Salt Lalco some time today. Otto K. Schacfer of New York, secretary secre-tary of the Westchester Fire company, will bo In Salt T-ako shortly on his way to the Pacific coast. The Westchester Is repro6entcd In Salt Lake by tho Agency company and Charles E. Fabian and fourteen other agents in various parts of tho state. Hartford Insurance company's fire, life and casualty have Invested In morn than Sl,0Ot).O0O of tho New York, New Haven &. Hartford Railroad company's new Hhort-term note Issue or S-13,000.000, which returns C por cont on the Investment. Invest-ment. Insuranco Commissioner Ferguson of Oregon, after a visit to- Uio Wisconsin department, has dcclured himself In favor fa-vor of state life insurance for tho People Peo-ple of his stato. The Washington courts havo rendered a decision holding that the surety on a contract Is not only responsible for tho completion of work by a contractor, but also for moneys loaned to sub-contractors, whero the monoy la used In the perform'anco of tho original contract. At a meoUng of tho executive committee commit-tee of thc American Association of Accl-dont Accl-dont Underwriters, hold In Chicago on November 28. a resolution was adopted favoring federal supervision of insurance. A bill will be drafted along these lines and will shortlv be submitted to congress. con-gress. Sixty-six flro companies of Uio country coun-try havo Issued Instructions to their agents in Kentucky to decline stato rates on all dwelling business and not to write any more politics after December 14. The companies charge that thc stato rating board Is ignoring some of the provisions of tho law under which the board operates. oper-ates. Insurance Commissioner Valkenburg of Idaho has modified his recent ruling with respect to the i-esldent agent law. Companies Com-panies or agents may now accept business busi-ness from non-resident brokers and agents, but tho business must either bo written by or through resident agents, who are to keep a rocord of tho same, countersign all policies and collect tho premiums In full. Th Pacific 2U"utual has Just paid on two accident policies tho sum of S'JD.OOO to thc beneficiaries of the late Grafton Stovcns of Wllllamette, 111., who was burned to death In a fire which dostroyed his home last October. The total premiums prem-iums on the policies, taken jout one and three years ago, amounted to only 5180. One of the regular old lino companies I paid $5,073,6C4.0I In death claims, cash valuos, dividends and annuities during October. To living policyholders $2,899.-257.3-1 was paid, and $2,174,406.75 was paid to the benellolarles of 757 porsons who who died. SeatUo and Tacoma, Wash., havo had an unusually large number of saloon fireB of lute and heavy verdicts havo been returned against the insurance companies by tho Juries trying tho suits. Suspicious features aro aald to have mir-rounded mir-rounded most of thc cases, whllo not a few of tho saloons, It was alleged, wero Insured on groiislv overvalued stock. For tho hitter causa Federal .Tudgo Cufiliman 1 held tho companion to blame In employ- Z lug Incapable ugenls, J |