| Show SECRETARY TIN E EON ON Makes Statement Concerning Lo Local Local cal cat Life Insurance Company Now Under Investigation BELIEVES IT IS ALL RIGHT of lt I its l mill lit at lt nf of lt lr 1 OU No XUI v Absent In view of ot the tho fact fuet that there theN has hus husIe been Ie n ensue local In this city rl re ll in regard lizard to the of the tise Continental Life Ire insurance In 1st Investment n vestment fly n a 1 local organization In II which the of tho tha th company has his been the tile News Nests today I received front from of ot State commissioner of tha tIit th fIKe Information mi nil the sub cult JEH tutu and nl also ll o u u ment a n tIc to action nelon If I any RI flIt he list ht would take toward Investigating Inv UK list IH I to the absence the I or ot Mr tl Tyree Fyree the tho lIt the 1110 yee News Now has hal S from trout In lit the tho discussion l that u a certain tIC tOol I l iper has carried 11 on ott 01 tOt t 1 I the past week weel or r two Mr lr Tyrce however Is II ex expected house home h Ol next week and amid wi doubt doubtless less leas have hae something to say sit I on UI Ills lil hi re to return roo turn uHn Secretary aa s this utter after afternoon noon engaged in preparing a U otate meat whIch was IUS not for far publication On time the tle subject at It Issue Secretary ot ur State Tinge staid blat Statu Glazier and amid myself have had hll this lisle matter under r consideration cOI toe tor me time and alit de sl td ll several sierl dayn d H ago II to 1 tint the ot or tUe tse at II the tile earli earliest est dute iut dul to the tho examiner iMai Il t inure future uy ity 1 I received a it 1 lel from ruin the president ot sf the re to roo un a a oxa xa lost and amid Friday Mr Ir r timid and allt myself held hel a confer conter conference dice ence with wih representatives of ot the com costs company pany l y and decided to commence the as a soon ui 11 itS lis annual sched schedules statement the tho various ules utes Ull was completed which will wi rl n a v week ek or ten Less t 1 days time th ti se seThe e The hc examination will wi be lie conducted ted by Mr 11 hazier Gazier assisted ulMI ted by my m deputy Col Coi Geo leo II B Squirms The rise Investigation will wi be full tul and antI complete Tills lIst fin financial 11 ancial condition of ot the company will viii willbe wi be b ascertained All 1 securities hold held by bythe bythe the company will wi be closely co elY examined Out we will wil ascertain whether the corn com company COI pasts pany pal has lian hal In liny manner violated lt 11 Its charter charles or Ir O the lh laws of this state slut un under unIe der Ie which It was and Ind to what extent the company and policy policyholders policyholders holders holter will viIi wi be or through the operation of ot the compan contract with wih the Western Wester Agency and Its It I connection If I any 11 tilt with the Western Wester Security company and nil all 11 the transactions transactIon of the com cutis company pany since Is Its la organization will w be he Investigated invest Under Its Is present charter the tho com corn company patsy pany must maintain Its Ita generl at lit Suit Salt Luke Lake City but It 1 i Is authorized to establish business lle s in a 11 of the state stalest or 01 terrItorIes where It desires tc te do sIn business and meeting of ot the til dl directors rectors for til the transaction tran neton of ot any ullY bust bustness bustness ness of the corporation may ma bo be held heid nt at such place outside this state as ns the th directors may la by Sty resolution or bylaw provide I 1 do rho not hesitate to say ay however that front from what Information I now have I believe the tho company nt at treselt present Is la In iii food toO financial condition When tub th In 1st Investigation II e has hams beers been completed the public will wl be advised of the Use result |
