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Show POLICYHOLDERS ! ARE GIVEN JOLT! MUST PAY AHMCssMKNThTO MAKI up l'uii: i,o.smi:n IKi'Mnil rfift Ten Tliousaml IVr-miiin IVr-miiin In One Nctt York County .Mono AMuml JIut Pn) Ttto Dollar anil Thirty Cents lUih On Iltcij One ltilUr of Prriiilum tu Mutual. Justice A. H. Hutherland of Itm-hea-ter, N. Y.. has handed down a decision deci-sion affirming the report of liefer Petk In the action brought by the 4kancatBlM Paper eempany against the Amerleun Underwriter I'irc Insurance In-surance company. The decU4ii to of te utmost Imttonanre. and In Onondaga Onon-daga county atone Indirectly affects ten thousand policyholder of mutual fir Insurance eontianls. The Hkane-aUlea Hkane-aUlea Paper vumpuny held u policy of Instil-anew In the Amsrlcwn Umler-writers' Umler-writers' oumiMiiy There wa a fire at the plant of the paMtr comimny. but 'fore It waa paid the lueuiantu txtm-iany txtm-iany went Into tb- band of a re-relter re-relter The HkanenteleN t-umpany then 'mught action ta recover the amount f the Insurance from the pallohol-lere, pallohol-lere, und the derietun of Justloe Sutlt-filaiid Sutlt-filaiid Is on lae rwpert of the referee In this antes. Iteferee Peek found 'or the plaintiff, but attoraeya for the tiollcyhuldera objeatad. to the report elng conflrmtid. The matter ef confirming con-firming the report waa argued before Justice Sutherland. The decision afftwU, Imllrvetly. twelve hundred policyholders of the eomrany. many of whom reside In Onondaga On-ondaga county. John II. Illoks Is re- relter for thr Inruranrc company, and he U dlnnlrtl by thr court to levy an assessment on the polh yholdrrs to make up a drflrienry of twent) ttto thousand dollars. Th asesmrnt Is on the premiums jf the pull. holders ami amounts to 13.30 on each one dollar dol-lar premium Thvro ttem two thousand thous-and actions sxaliiit pallr)'hnlders held up peiidlnK thr decision In this rane The rase has ln-en hard founht. and there hate Ix-en many Intrlcutr )ur-tlons )ur-tlons of latt Involved It Is probably the most Important " affcMlne mu-i mu-i lual Insurance companlea that has !etr ben brounht. Anions the find-Inrs find-Inrs In Justice Nuthrrtand'a decision are the follow Inic Alt persons holding pollrlra at the , tlmt of tho making of an aatessment or thr appointment of a receiver and all polloholdrrs whose iMillilea hate net lievn avlually ranrelled aro liable. A policyholder lifetime n member of u t-o-oieratlte or mutual company j by ucrrptlnir a pulley In mich company without almlnc a written appllratlon of undcrtaklnt- The liability of the poliet holder ac-crura ac-crura when the demand or awnument Is in sd is An assaasment ran Ik' made upon members of the company for debts due and unpaid by ttuy of notrs or Judgments for ttto years prior to thr making of the aamwsment The flat rate premium If ihanted b) the mutual rampant, doe n-t re-, re-, llett' the member from llabllitt for . hla pro rata share of the debts. 1 No UkuI r effective taiuvlUthm of a tMtlle- ton be made while unpaid debts exist, velthwut pamnt )t the imli.y holder of his piu rata slun of the detits. I Where r,iiIIcj!' niplrtt l its t-rm 1 before any irtineWnnmt Is made or de-I de-I nmml for ayment of an pro rta share at the debta the MilcyhwMr a not Itaaiv. I The Shu Kite publicity to lh u''r . that iHiyer of Insurante In this section sec-tion of Utah, or uuywhere else for that i matter, may not be "stung" by some aesnt that l offering "mutual protection" protec-tion" at any old prke The Northwestern Mutual Klre of Seattle. Wash . (a attempting to p see BUtlneK In this field through a Trice ! agency. It would be well for thune to whom the nam is offered to dc line the Mama There are any number of reliable flro Insurance companies doing business busi-ness In this field that prompt!) and equitably adjust their losses when the fire comes. A mush mnr.ot be said for the mutual. |