Show INSURANCE MERGER HELD SIDED SIDED ONE ST. ST LOUIS Sept 7 After P After listening lis- lis ening to three days das of testimony Circuit Juc Judge ge H H. A. A Hamilton today will hear arguments on legal points before ruling on the contract by which he the General American n Life LUe Insurance company would take over the Mis- Mis State Life Lite Insurance company The Missouri State which has nearly nearly neary near- near ly y insurance in force torce now low is in the hands of ot R R. Emmett Malley state superintendent of insurance in- in who has approved the proposed proposed pro- pro posed contract The General American of which Walter W W. Head former president of tile he the American Bankers' Bankers association is presIdent president- recently was organized by DavId avld Milton son law of ot John D D. D Rockefeller Jr and other eastern castern cn capitalists p ita I is ts Clinton O. O Shepherd vice president president dent and actuary of ot the Missouri State tate the last Jast witness before Judge Hamilton last lut night called the proposed proposed proposed pro pro- contract posed one I am sorry he said to express an an n opinion counter to that hat of such experts who have testified but I think It If is a sided one-sided contract and benefits bene- bene fits ts to the Genera American outweigh outweigh out out- outweigh weigh those to the polIcyholders Shepherd offered several amendments amend amend- ments to the contract but Edward Edwardw W W. Foristel counsel for or the General Genera American said they would not be accepted by the new company Shepherd Shepherd Shep- Shep herd called the th option of sale of existing cx- cx sting insurance at the end endot endo of 15 years for or a 1000 of or insurance in force orce sadly inequitable He estimated esti estl- matea mated the new company stood to profit to over a year 5 period 5 I |