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Show News of the Insurance World Meeting of Life Underwriters, Tho annual meeting of the Utah Association Asso-ciation of Tifo Underwriters will ho held tomorrow evening at tho Commercial club. Tho ordor of business will bo as follows: Reading of minutes of tho last annual meeting; report of tho executive commlttco; report of the special and standing committees; annuul reports from tho secretary and treasurer; balloting ballot-ing for now members, and tho election of officers for tho ensuing year. , Tim executive committee, through Its chairman, C. W. Hclsor, will also mako a report, of Its proceedings during tho past year, and, 't la understood, will rccom-mond rccom-mond certain measures for adoption by tho association. Secretary Mozley laBt week sent out letters giving notico of a proposed amendment amend-ment to section two and article flvo of tho constitution and bylaws of tho association asso-ciation to read as follows: "Each member of the association pros-cnt pros-cnt at a mooting shiill bo entitled to a vote." The original section says: "Every person present at a meeting shall b6 entitled en-titled to a vote, excopt there bo a fractional frac-tional vote called for, whon, In such case, every member present froln any company shall cast a fractional vote as his vote boars to the number present from hio company." , Advocates of tho proposed amendment say that tho original section has never been applied or called for at any of the meetings, and that as far as the association associa-tion Itsolf Is concornod, It has remained a dead letter over sinco its organization in April, li'05. There arc, however, others who contend that tho original section should remain intact in order that no one company, through its agency force, could possibly "run" tho assqclation or outvoto tho other members on questions affecting the welfare of the organisation; The motion to amend will meet with opposition, ami also will bo tho subjoct of considerable discussion when brought before be-fore the regular meeting. The election of officers also promises to precipltato a "friendly war." For the offlco of president there is quito a sentiment senti-ment among tho members favoring tho ro-clectlon of C. D. Klpp. tho incumbent. It Is claimed, however, that tho socond-tcrm socond-tcrm idea was practically abolished or eliminated in tho cases of at least two former presidents, with an understanding understand-ing that ono term was a "delightful sufficiency." suf-ficiency." and that if tho "Job" was to go "around among tho statesmen" quo term would of necessity havo to bo tho prevailing sentiment of the members. When "aeon on Saturday President TClpp was noncommittal aa to his probable proba-ble successor, but intimated that he would like to he rollcved of the arduous duties tho office entails. Others mentioned men-tioned for tho plnco aro D. IT. Livingston. Living-ston. Gcorgo D. Alder. A. P. Huntingdon. Will G. I-'arrell. Fred C. Hathaway, C. W. TTolser, former President Joseph V. Smith and others. It Is generally conceded con-ceded that Frank Mozloy will bo reelected re-elected secretary. The present official roster of the association as-sociation is as follows: Charles D. Klpp, president; D. H. Livingston, first vice president; A. P. Huntingdon, second vloo president; Frank Mozley, secretary and treasurer. Tho executive committee consists of tho president, socrctary and treasurer and the following members: C. W. Helsor, chairman; Georgo D. Alder. Al-der. Fred C. Hathaway, Miss Alice Lund, C. F. Knapp and Elmer A. RIckor. The standing committees aro as follows, fol-lows, tho first named in each instance being chairman: Finance committoe, Frank Mor.loy, "L. M. Morris, "EL L. Barnlcott, J. C. Neve and E. J. Milno; ontortalnmont, Joseph V. Smith. Fred C. Hathaway, Charles W. Hclser, George D. Alder and Elmer A. Ricker; membership. Arthur P. Huntingdon, Hunting-don, J. Allan Spencer, E. J. Rohrbaoh. Walter Chlldors, J. IT. Wood and a F. Knapp; press and publication, John James, Goorgo W. Peck, John D. Spencer. Spen-cer. C Ed Mobs and L. W. Hlrschvogcl. The national committeeman from Utah, who la on the executive committee. Is Will G. Farrcll. oocretary of tho Commercial Com-mercial club. Equal to the National Debt. "One of tho most significant and acceptable ac-ceptable statements appearing In the annual life insurance report of tho Now York department," says tho Weekly Underwriter, Un-derwriter, "is that concerning tho increase in-crease in business laBt year in tho state of Now Tork nlono. Tho forty-seven regular companies domestic and other states which reported to the department wroto 51C3.000.000 moro lnsuranco In tho Btato in 1013 than in 1012. Tho former was not a good business year In a gonoral sense, and if there had been a falling off in amount of Insurance written It would have seemed a natural consequence. That tho offorts of the producers resulted In largo Improvement go to show the great onward progress of tho institution, and gives cheering encouragomont that still" greater growth will attend tho coming com-ing yours. Tho Hfo lnsuranco in force in tho state of New York at tho closo of 1013 of tho companies Included in this statement aggregated $3. 000,000,000. In other words, tho companies owed their Now Tork policyholders an amount oqual to tho national debt. Whon tho buslneni) of tho wholo country is considered, tho story expands. Tho pollclon of tho 250 legal reserve companies represented $20,-000,000,000, $20,-000,000,000, and of fraternal orders and assessment as-sessment associations $10,000,000,000." Golden Jubilee Celebration. A vory remarkablo Insurance gathering took place last week In Hartford, Conn., tho occasion being tho fiftieth anniversary anniver-sary of tho Travelers. Tho attendance was largo, nearly every city in tho United States being represented. repre-sented. Many notable addresses wore made, tho most interesting probably bo-Ing bo-Ing that of Sylvester C. Dunham, tho president of tho company. Mr. Dunham pointed out that provlous to the issuanco of tho first signed lnsuranco ln-suranco contract, James G, Batt arson, founder of tho company, and James Bolter, Bol-ter, In tho spirit of humor Avlth which both, it Is said, wero abundantly endowed, en-dowed, agreed upon tho lnsuranco of tho latter against accident whilo walking to and from his home, A premium of 2 cents was paid and turned into tho treasury of the company. Tho identical coins, aro still in itn possession. posses-sion. "Had they been invested at Interest," In-terest," said President Dunham, "their, valuo today would havo been 38 cents. I cannot crltlclso tho formor officers for this waste, for tho present officers continuo con-tinuo under the samo condemnation." Policy Paid, Though Lapsed, "Speaking of llfo Insurance und the truo valuo of the cxtonslon feature of evory old lino llfo lnsuranco policy," said President Klpp of the Llfo Men's association associa-tion yesterday, "I want to relate an incident in-cident told mo by ono of my agents at Bingham: "I had but 20 cents In the house when my husband was lcillcd, was tho state mont made by a widow tho mother of seven children when I handed her a draft for hor husband's lnsuranco policy. "Tho point I want to make," continue' Mr. Kinp, "Is that tho policy had boor lapsed for four years, but, by reason of the cxtonslon feature, was still in forci on the company's book3." Dangor of Delay Is Shown. Among tho victims of the St. Louis Athletlo club fire waB Arthur J. Ode-gaard, Ode-gaard, sales agent for the Spencer-OtiH company of St. Louis. Ho had made application ap-plication for a twonty-year pay life policy pol-icy In ono of tho old lino companies February 12. Two appointments were made for a medical examination, but Mr. Odcgaard requested a postponement each time, and tho application was awaiting tho o?atmlnatlon when ho lost his llfo. Insurance Notes. Tho Utah fire loss record, according to premium receipts, was CI per cent for 1913, as against 35 per cont for tho previous pre-vious year. Every time the clock tides one of tho old line life Insurance oompanlos pays to Its policyholders an averago of $7. In a week this amounts to $1,226,115.13. Thcro wero as many as twonty-cight bills affecting Insurance, in ono form and another, in tho New York legislature during the session Just closed, but none passed muster, for the reason, it is claimed, that factional politics held sway. D. P. Breeden, special agent for the Aetna Firo in Utah, southern Idaho and Montana, returned last week from San Francisco. His headquarters will be In Butto. G. B, Eckles, formerly in charge of tho lnsuranco department of tho Collins Realty company, local agents of tho American Surety company, at Helena, Mont., has been appointed assistant manager man-ager at Salt Lake City of tho latter company, com-pany, and will dovoto his time to the development, de-velopment, of tho company's business in tho Montaua fiejd. Toxas and Oklahoma will soon be entered en-tered by tho Continental Life, according to C. W. Hclser, superintendent of agonclcs. Tho company now oporates in twelve states, and proposes to make 1914 tho banner year of its existence. The Connecticut Mutual Life has discontinued dis-continued the writing of lnsuranco on tho lives of married women, holding that tho mortality rate among married women is 50 per cont higher than among unmarried. unmar-ried. "Bequeathing Our Debts" is tho title of a publication Issued by, tho Association Associa-tion of Llfo lnsuranco presidents. The booklet is largely a collection of editorials from newspapers throughout tho country bearing on the subject of "Policy Loans. An unsuccessful attempt was last week made to blackmail President Dunham of tho Travelers out of $5000. Tho criminal, Chaunccv H. Hovoy of Springfield, Mass., was captured after a pistol fight which threatened tho lives of a number of Innocent In-nocent bystanders. Hovoy is bellovcd to bo insane. W. T. Emmet, superintendent of insurance in-surance for the state of New York, has resigned, and will be succeeded by Frank Hashbrouck, a prominent attorney of Poughkeepsle. Pending certain inquiries, affoctlng the rellconsing of tho Northwestern Mutual Firo of Seattle, Wash., referred to in last Monday's Tribune, Commissioner Done has rulod that the company may for tho present continuo tho writing of business in Utah under Its 1013 license. A. Clydo Crawford, city agent of tho Beneficial LJfe, will shortly romovo to Denver, whero he will open up a branch offlco for his company. Crawford was formerly with tho Metropolitan, and Is well and favorably known In local insurance insur-ance circles. Superintendent A. P. Huntingdon of the Metropolitan TJfo announces tho appointment ap-pointment of A. L. Llttlcjobn, formor agent, to the position of assistant superintendent, super-intendent, succeeding John H. RuB3oll, who recently resigned. Agont Josoph Lester has beon transferred from the Salt Lake offlco to Bingham, and Agont J. E. Jones will horcaftor oporate in Park City. Ono of the largest Insurance deals ever made was made public last week by tho Equltablo Llfo Assurance society of Now Tork. It involves a group policy covering cover-ing the lives of 5000 employoes of tho Philadelphia company. Tho lattor Is a holding company for a number of other Pennsylvania companies. Each employee em-ployee Is covered for an amount equaling ono year's pay, and tho entire expense is paid by the company. Resolutions condemning tho now rating rat-ing law In Kentucky were last week adopted by tho state association of fire underwriters. The situation remains unchanged, un-changed, but a conference of company firo agonts to bo held on Wednesday next will, it la believed, cause tho "powera that bo" to "sit up and tako notice." Insurance Commissioner Done loft on Friday for Chicago, where ho will moot with tho educational committee of tho national convention of lnsuranco commissioners. commis-sioners. He will return to Salt Lake by way of San Francisco, at which placo ho will deliver an address April IS on "Fire Prevention" before an assemblago consisting con-sisting principally of students of tho high and grade schools. California now has a day known as "Insurance day," and tho first anniversary occurs on Saturday, April IS. |