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Show METROPOLITAN BUYS SALT LMP1 New York Insurance Firm Takes Over Business of Beneficial WILL CANVASS RISKS Experienced Agents Will Ask for Consent of Policyholders. InvohlJij insurance business amounting to more than 1 80 000 a deal has been consummated wbereb) the Metropolitan Life Ins u rat ce compare of New lork has bought out the Industrial department ot the Beneficial LJfe Insurance company of salt Lake City The regular or old line policies of the QeneftcUl are not affected by the deal The sale was made se eral cU, a a$o but the first an oun e nent of It came last nlfcht from George a Scott, man aser of the Fadfc coast district tor the Metropolitan compa Ir Scott Is at the Hotel Ltau. Mr Scott and Lorenio N tohl sen eral manager of he Beneficial Life com pan declined o make knon the con sMeTttlon of ue sale They did say however that the deal invol M from 19 too to 1 000 poll tea, an ountlrg to from Jl 900.000 to 51 HOW n Interesting teal arc of tte transae on is hat eTeryono of the 10 000 or 1 UO0 1 lduatrial nolle holders of the Benefl lal rom-anv will be lntervlened by agents of he Me ropotltan and their as seat to the trn e secured Mr !cott bland 1 announ -ed tliat tMs seemingly iisantl ask wou d be aecompl he-J in one week Experts to ork To accomplis Mr cxtt ordered to Salt Lake the crack nen of o s tar riior They arc now here, thirty two of them from Ca fomla Oregon, Was Ing n Tl.hn T t J ami aO OIL Mr COtt S territory erabraet. I've states named and also Nevada, Montana and British Co lumbia- Thls picked crew wi 1 see all the hoMera of tndastria policies tn tsw BenefMal company explain the safe te tthm aid Inquire W the transTer to the Metropolitan is satisfactory If tbev say yes their policies mill be so stamped and tie Metre poUtan will take over their risk. In the event that they do not assent to the tranters, none win be made In their ease, T e Beneficial companv will retain OiMr us ness. No opposition is anticipated from pol ryhoMers however A word of explanation about "Indus ' t lal policies for the uninitiated The ndustrtal department of a Ufe insuran ? companv embraces policies mostly from wage earners and In comparatively small amounts each premiums upon which are paid In weekhr installments or by some similar arrangement. In the aggregate these policies amount to a great deal as already Indicated. Announcement Made. Holders of Industrial policies ln the Beneficial company will receive today notice no-tice of the transfer from Joseph F Smith, president of the Beneficial company Thla! letter will explain that the Metropolitan has bought out this department of the Beneficial business and that all policies will be cared for without Inconvenience to the policyholders, by the Metropolitan, whose head office is In New lork. Head offics of the Beneficial are ln the er mont building. Salt Lake City nnoun en erts of the sale make It clear that the "old Une or regular de rartments of the Beneficial Life are npt affected The company win coitlnij" In business as heretofore, except that It win no longer maintain a department for the writing of the so-called Industrial pol 1C Aiter the transfer has been completed the industrial bufness formerly con ducted b the Beneficial company will be handled through the Salt Lake office of tfco Metropolitan Life Insurance companv of which Arthur P Huntingdon is su perlntendent, ,. . The deal had been pending for some time but was closed Just a few das ago whereupon Mr Huntingdon got busy on tbo telegraph wires, and as a result, th rty two expert Metropolitan men were here In no time to work out details of the transfer |