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Show SALT LAKERS PLAN INSURANCE COMPANY - Local Capitalists Will Organize to Keep Millions at Home for .Investment A home life insurance company to be known as the Western & Southern Life Insurance and Investment company Is being organized and will have head- I quarters in a large building; of its own to be erected in this city. The plan of the organisers, among whom are W. 8. McCornick. Frank Pierce, George P. . Holman and J. D. Wood, is to have a leral reserv life insurance company and to invest the money among those with whom they do business and thus keep at home millions mil-lions of dollars which is sent East from the Western States annually in premiums. pre-miums. The company will be capitalized at 11,000.000 and the stock is to be subscribed sub-scribed for only by citizens of the Western West-ern States. The proposition was submitted to the Commercial club and It has indorsed" the enterprise. The Commercial club's board of governors gov-ernors carefully examined the plan of Hiram Tyree, organizer of the proposed Western and Southern Insurance and Investment, company, and pronounces it a commendable one. |