Show NEW INSURANCE COMPANY A thoroughly ho roughly local organization with capital there has within the past few days been organized in this city a new inbur anca ance company entitled merchants and bankers lite life insurance company the chief promoter of the enterprise enter prisa is mr mr W D robertson Ko bertson a gentleman who came from waterloo iowa to effect the organ and branch out in the west in the life insurance business for several days past mr robertson baa his been interviewing the representative men nien of ogden and explaining the method the ins and outa outs BO so to speak of bis his plan of conducting life insurance and that has his been of such a character as to induce many of the beat best business men of t this his city to unite in the formation of the merchants and bankers company with theodore robinson Robi neon as president W D robertson secretary and manager C M brough treasurer C K X bannister 11 II II 11 spencer W IV corey executive committee directors with the the above officers A B patterson M U S browning H L bowing J S loar lear the last named being the legal adviser dr J 8 gordon Is the medical advis adviser erot of the company the vice president has not yet been named til th organization is to be conducted on the premium plan without dividends to the officers who serve without salaries this method reduces the expenses down to a minimum and hence results in dav favor 9 r of the policy subscribers no policies will be signed until enough of them have been subscribed for to amount to over of which mr robertson says have aheady already been sub scribed ascribed bed the policies are made out for not lees than 1000 nor more than 2 25 per cent of which must be paid up with the taken in policies subscribed for and 25 per cent paid up the company has bas the sum of to start with by this it can be seen that though a death should follow cloce on the event of the organization an occurrence most unlikely there would be money in the treasury to pay up the policy in fact several there is a fund held in reserve for protection to members tor mr cases of emergency g and which may ie le loaned oat 0 tit tor for gency the 0 futua benefit of 0 policy holders the company proposes propos eB the establish ment of branches branc bea in the surrounding elates at a tee and territories with the purpose fill pose of 1 doing a big business in the west in olodon there are already ten solicitors at work and mr robertson expects by the end of the month to have the required subscribed for and the company put on its proper legal babie basis one of the advantages which recommend the merchants and bankers life is that all moneys it handles will be retained in ogden and thua thus become a factor in the commercial importance of this city mr robertson who as stated above is to be the secretary and manager of the new company comes to aiden with twenty years of life insurance experience and he az ings with him recommendations batio a of a high character |