Omaha Daily Bee Newspaper, April 25, 1909, Page 16

THE OUMAHA SUNDAY 25, 20 1909, A. J. LOVE, President, FRANK J. HASKELL, Secretary SHAW, Mgr. Surety and Liability Depts. Brennan-LL.ove Company Jertificate of Publication, (STATE OF NEBRASKA Office ot AUDITOR OF PVBLIC ACCOUNTS, LN, Feb. 1, 1009, "FLL\ 1T 18 1&!! Y Cl 12’ Tiiag > the New York Bihtodiade in co Gm pi New York iff the ¥l of New"YorR, ha plied with the insurance law of this applicable to such companies and is therefore authorized to continue the business of Pla Glass {nsurance in this state for the curre year ending January 31st, 1910 Summary of report filed for the year ending December 31, 1908 OME. Premiums ... All_other sources Total Gatiios $665,795.90 DISHURSEM Pald policy holders. ... All other paymentis . Total Admitted 'Akdets LIAF Unpald claims and. ex: perises ........ Unearned ' premiums, AN other Habilities Capital stock pald up 2 Surplus beyond capital stock nd other lla- pilities ... $523,449.27 Total L. 8861 1.39 Witness my hand' the wéal of tho Auditor of Public Accounts the day and year. first above wiritten, SILAS R. BARTON, (Beal.) »f Public Accounts, E. PIERCE, Deputy. $510.948.66 We61,944.1 410.60 ,000.00 $327,795.12 Audit [§ CERTIFICATE OF PUBLICATION STATE OF NEBRASKA, OFFICE OF AUDITOR OF' PUBLIC ACCOUNTS, LINCOLN, Feb 1st, 1909 IT 18 HEREBY CERTIFIED, That the Calumet Insurance company of Chicago, in the state of Illinols, has complied with the in- surance laws of this state, applicable to.such companies and is therefore authorized to con- tinue the business of Fire, Lightning afdd Tornado insurance in this state for the car- rent year ending January 31st, 1910 Witness my hand and the seal of the Audi- tor of Publle Accounts, the day and year first above written. SILAS R. BARTON, (Seal) Auditor of Public Accounts. C. B, PIERCE, Deputy. CERTIFICATE OF PUBLICATION, STATE OF NEBRASKA, OFFICE OF AUDITOR OF PUBLIC ACCOUNTS. LINCOLN, IT 18 HEREBY CERT Caleddnian Insurance com nburg, Scotland, . has complied with insurance laws of this state, applicable to such compan. fes and is therefore authorized to continue the businéss of Fire Insurance In this sto for the current year ending January 33st, 1910, Witness my hand and the seal of the Audi- tor of Public Accounts, the day and year first above written SILAS R. BARTON, (8dal) f Publlc_Accounts. E. PIERCE, Deputy. Auaitor rd CERTIFICATE OF PUBLICATION. STATE OF NEBRASKA, OFFICE OF AUDITOR OF PUBLIC ACCOUNTS LINCOLN, Feb lst, 19(\ IT 18 HEREBY CERTIFIED, That the Shawnee Fire Insurance company of Topeka, in the state of Kansas, has complled with the insurance law of this state, applicable to such companies, and is therefore authorized to continue the business of Fire insurance in this state for the current year ending January 31st, 1910, Witness my hand and the seal of the Audi- tor of Public Accounts, the day and year first itt Lot Myl o SILAS R. BART({N, eal Auditor of Public Accounts. s C. E. PIERCE, Deputy. S tability ROOM 1, NEW YORK LIFE BUILDING 'Phones Douglas 880. Independent 1880: AMERICAN BONDING COMPANY, of Baltimore. Fidelity, Court, Contract Bonds, Bank, Residence and Bur- glary Insurance of Every Deseription. TRAVELERS' INSURANOE COMPANY of Hartford, Employers’ Liability and Automobile Insurance. Accuracy advancing, and there seems nothing prevent its further advance In value. Nebraska Vi FARM VALUES MOVE UPWARD Development of Nebraska & Story Full of Magic. ues Solid, Many good reasons exist why Nebraska farm lands will continue to advance in price. Approximately one-half of the popu- lation of this nation s dependent upon agriculture and our crops are our m stuy. Nebraska 18 fortunate in being the corn belt matter how many millions, of brought under tivation by frrigation, there 1 certaln area in the corn belt, braska's yleld of corn each year will bring thousands upon - thousands of dollars t its farmers. Corn, wheat, oats and alfalfa have made Nebraska farmers independent its railroads earn good dividends, its Mve stock markets have been supplied with Ne- braska beef, pork und mutton, and the mills grind night and day, furnishing em- ployment for thousands upon thousands who directly and Indirectly are dependent upon the prosperity of the farme: Nebraska farms, If judiclously bought are today a most desireble and profitabl Investment, and great fortunes will be made by the shrewd, careful, conservative investor. The higher pric braska has value. n- BOOSTS RICHES OF THE NATION in and no acres are cul- Wenlth of the State, Bosed on Land, is Solld, Our Farm Mortgages Are Gllt-Edge and Home Money is Plentiful. only a and Ne | Mhe basis of value of farm lands Is its| productiveness. A farm ' Intelligently | handled suffers no deterforation; It cannot | blow away or burn up and its value is in- | trinsic, The development of Nebraska like & maglc story, with its chapter making the desert bloom and arld regions teem with rich harvests. The productive- ness of Nebraska soll has added many millions to the wealth of the nation, and today the Nebraska tarmer, business man and banker are independent of Wall street 8o wonderful has been the yleld of gra alfalfa, frult and root crops in the last fourteen years that if statistics were com- plled and given here it would be astound ing. That Investiments in Nebraska farm lands have been mest profitable is evi- denced by the fact that thousands of N braskans five, ten and fifteen years ago | owning scarcely any property and many working on salarles through Investment in | Nebraska farm lands have acauired for | tunes On every section, In every town ship, village and city, it you will examine the sources of small or large fortunes, you will find In ninety-nine cases out of each hundred the aceumulatipn of wealth came through investments in Nepraska farm lands No investment or security is more safe or better than Nerb: farm lands. It | 18 not subject to the caprices of Wall strect, as was evidence in the recent money panje, with which the Nebraska farmer had lttle concern and worry, and during that money flurry no farmer would consider. parting with his holdings for & cent less than before. From that time the price of land has been steadily on farms 1 farm in eastern ed its highest A good hustling young farmer, hav ing enough to make a falr payment, need not hesitate to go in debt for a Nebraska tarm. The farm will pay overy indebtness if prop handled. No N br n I y reason for taking from Nebraska farms and Investing it in cheaper lands 200 to 40 miles north or scuth, whea right here in Ne ), safe and sure oppor- not reac surplus earning braska are more tunities for investment and Conservative investors and refuse to invest matter how promises a money making corn, wheat Nebraska conditions speculation are realizing this other than here, no land and ghttering They know no greater crops produced than oats and alfalfa, in have th climatic do exist the far- We feel like calling Stand up for Nebraska you the wealth by invest cheap @ made ar and here we and that localities. soll ot in away halt and shouting, farms that made a which It 1s hard an investment as good as Nebraska farm. years no you have a surplus to to concelve of productive Fifteen of experience In selling Payne Investment Company e ——————————— J. A. OLSON, Mgr. Insurance Depl. Fire, Lightning, Tornado and Hail Insurance FIDELITY BONDS BEST COMPANIES REPRESENTED WE SOLICIT YOUR PATRONAGE ROUND FLOOR, NEW YORK LIFE BLDG. Bell D-1781...........PHONES..........Ind. A-1188 dollar of | | Pro NSURANCE is our business—not a sideline, We employ expert help in every depart- ment, and give our business our own direct, personal attention, not “some of the time,” BUT ALL THE TIME. ” Nebraska Stéte Agents for the Following Companies: NEW:YORK PLATE GLASS INSURANCE CO,, of New York. CALEDONIAN INSURANCE COMPANY, of Scotland. NATIONAL FIRE INSURANCE COMPANY, of Hartford. STATE INSURANCE COMPANY, of Nebraska. BOSTON INSURANCE COMPANY, [Automobile Department.] If you are a Banker, Real Estate Agent or Insurance Man, and desire to represent companies in any line of insurance, the facilities of our office are at your disposal. We de- sire agents in every city, town or hamlet in Nebraska where we are not already represented. We Represent Loc.ally the Following Fire Companies in Addition to the Above: CITIZENS INSURANCE COMPANY, of St. Louis. CALUMET INSURANCE COMPANY, of Chicago. NORTH BRITISH MERCANTILE INSURANCE CO.,, of England PHENIX INSURANCE COMPANY, of Brooklyn. SPRING GARDEN INSURANCE COMPANY, of Phildelphia. SUN INSURANCE COMPANY, of England. SHAWNEE FIRE INSURANCE COMPANY, of Topeka, Kan, We Insure Anything Anywhere mptness Every Known Kind of Insurance Courtesy Certificate of Publication. STATE OF NERRASKA ~Office of AUDITOR OF PUBLIC Ax LINCOLN, Fob IT IS HEREBY CERTIFIED. Amerjoan Bonding company of Baltimos in the state of Maryland, has complied with the insurance law of this state, appli- cable to such companies and s, th e, authorized to continue the busiy £ Fidelity and Surety, Burglary in this state for the current ending January 3ist, 1910, Summary of report filed ending December 31st, 1908 INCOME. $817,072.68 111,242.66 JUNTS. 1, 1909, That the nsuranc year for the year Premiums All other sources . b Y S DI Pald policy holders All other payments Total Admitted assets ... e LIABILITIES Unpald claims and « penses s Unearned premiums All other Habilities Capital stock paid up Surplus beyond capital stock 'and u bilities L10..$1,619,808.23 5.11 67,804.10 500,000.00 $ 816,249.06 other 03,563.27 § 808,668.27 Total .. +..$1,619,50: Witness my hand and the seal of the Auditor of Public Accounts the day and year first above written SILAS R. BARTON Auditor of Public Accounts. C. E. PIERCE, Deputy. (Seal.) _ CERTIFICATE OF PUBLICATION. STATE OF NEBRASKA, OFFIu oF AUDITOR OF PUBLIC ACCOUNTS LINCOLN, Feb. 1, 1909, Y CERTIFIED, That the rth Britlsh and Mercantile Insurance company of London and Edinburgh has complied with the insurance laws of this state, applicable to such cumpanies and 1s therefore authorized to continue the business of Fire insuranc in this state for the current year ending Januury 31st, 1910, Witness my hand and the secal of the Auditor of Public Accounts. the year first above written SILAS R. Auditor of Publi E. PIERC IT 18 HE day and BARTON, Accoun Lreputy (8eal.) CERTIFICATE OF PUBLICATION, STATE OF NEBRASKA, O 1CKE AUDITOR OF PUBLIC ACCOUN LINCOLN, Feb. 1, 1909. | IT IS HEREBY CERTIFIED, That the Sun Insurance office of London, Eng- land, has complied with the Insurance law of this state applicable to such comparifes and is therefore authorized to continue the business of Fire lnsurance in this state for the current year ending [ 31st, 1910, Witness my hand and the secal of the Auditor of Public Accounts, the day and year first above written. i SILAS R (Seal.) Auditor of Publ C. E. PIERCE, Deputy. Nebraska firm land and negotlating firet mortgage loans, leads to the bellet that the next best investment to a good Nebraska farm is a first mortgage on a Nebraska farm, Most men have had to borrow money at some time in their lives. Great fortuncs have been made by lucky borrowers who mortgaged land for part of the purchase price. Borrowing is a necessary adjunct to business, In fact 90 per cent of the world's business s done on credit, which is really a form of borrowing money, Furm Morfgagés Gilt-Fdge. The best proof that Nebraska farm mortgage Investments are glit edge, first class, choice investments Is that the big life insurance companles In the east at time owned millions of dollars of Ne- braska mortgages. In making farm loans, we consider richness of soil, number of acres of tillable land, ability and character of the borrower and distance from railroad market. In fifteen years of expe ce 1n | negotiating first mortg loans on Ne- braska farms, we have never had a fore- closure one and today do not have a cent past due or delinquent iInterest. The rate of interest on Bages va The rata is b, 6% and 6 per cent in some localities and in the extreme west- | ern and northwestern part of Nebraska the rates are said to be as high as 7 to 9 )mr“ cent. It Is true that the returns on mort- | gage loans are less than on speculative se- curities, but the security is better, The | rate of interest on Nebraska farm mort. | | Bages depend on the productiveness of the | Jocality in which the farm s located, being lower In locations where farm lands are the most valuable Home Money Plentiful, Fifteen years ago nearly every farm mortgage was made to some eastern life | Insurance company. Togay in _south eastern Nebraska local capital is nearly sufficlent to take care of all the farm loans, and In many localities the | rate and terms are less and better than Nebraska mort- | | the big life insurance companies offer to| panies upon which to base the oppr make. The average farm five ‘years and gives the privilege of paying $100 or | annual interest paying time | demand within the two years for b mortgages come from braska farmers, who cach year have added to surplus earnings and look upon first mortgages Nebraska farms next best security to owning the farm. Many of the farmers tind it ments, with by mortgage borrower multiple The & | | the | last a farm the impossible and to secure cholce castern banks are \rge amount of money farmers Speaking more county, considered invest- burdened a on deposit particularly of York one of the best and vrosperous countles in Nebraska, here a large percentage of the farmers own the farms on which they r 1 have bulit larse, n farm homes, In | which gas plants, air pressure water which zarries water to all parts of lawn and barn, and fur- naces for heating. In their large barns are ed the very best breed of hos and cattle, large gribs und granarics which In season are filled to flowing. In the house 18 a telephone which the farmer can with every farmer and mo: commodious, m:der they have service, house hou ov by nearly At the gate placed each m: paper, making mose | communicate the county, box, in s a mail ning his the and | w which fs life | rounate ences, all of which and is entitled to after bearing the hardships ploneer, who transformed Nebraska into a garden. York, Neb. ALFRED B. CHRISTIAN, and dat hic e al and him with comf conveni- y earued years, early plains of has hones in his declining of the the Quick Action for Your Money—You get that by usiug The Bee advertising colwmns. ]me BY H. N. Kelsey, an Expert, Reviews the Preventive Legislation. |'pal legisiation, better laws regulating co are so prosperous that they | jocal agents largel FIRE ASTOUNDING | EXPLAINS WHY RATES ARE HIGH Wb Congested Centers of Cities Contrib- ute Heavily to Yearly Destruc- | tion of Wealth by Fires that Aré Preventable. In an address to local agents in Iowa on “The Fire Wasté of the Country and the Effect Legislation, Harmful and Re- medial,” H. N. Kel sidered an au-| thority, sald at the outset | “I should like to see added to your creed additional articles of endeavor, glving broader scope to your usefulness, with view of securing through state and munic a a| struction of buildings, and improving the | water supply and fire protection device clties; securing the passage laws | as will best conserve the reciprocal inter- ests of the count d the people, hu'!\\d»‘ ing a law providing for the office of state | fire marshal, to be conducted, as are all other police ulations, at the general ef- pense of the and the abclition of laws at present on the statute books, which are contrary to such inte An effort was made during the récent session of the legislature to create the of- fice of state fire marshal, but”it filed The office of fire den for Omaha, to be appointed by the maycr, was created, at a salary of $1,600 Talking of anti-comy tutes, Mr. Kelsey has been little just cc of such state; sts."" ar. t laws and similar sald: “There and iplaint against com- is | ssive books of | them have found the offices of on th o8t of through individual laws which statute many states. their way the some disgruntled whose selfish- ness received a check from some company In the adjustment of a loss. In this' con- nection Mr. Kelsey claims that the esti- mated rates of such states are the best flection of the meas of worth of the business in these and that upon the depends the differen- tlal In fire Insurance which ;lr-)} finally obtained on given classes of )-na‘lvi ness, are Ates and continues: Merchants Are Careless. “There I8 good reason why the merchant should pay your estimated rate price. He has contributed more to the fire waste of the country than any other business in- terest. It has been estimated that if the congested centers citles and towns were made to pay for their own losses, the prevalent in such centers would ly doubled twithstanding the to commere rate now neces be “N fire insuranc gives in the year 1906 there were 10,652 commor cial fallures, with ilabilitles of $119,201,515 Is it not necessary that fire insurance in- demnity kept solvent? Is it not our duty to of our | indemnity ndtvidual t the hert guldes furnlished i rents 3'd not only safeguard rest thelr comyp L t of thelr commun- ity as well, In the selection of risks, and should not forget the old Biblical admoni- tion that “He that is slothful is brother of him that wasteth.” “There Is always tice to taxing fire Insurance premiums: the careful and provident citigen who In- sures hiy property not only pays an in- which credit buoyaney al and the risks be saf collect worth n this element of injus- | pended upon to successfully cope with a surance tax direct to the, company, but also contributes to the state tax on the | company, which 18 included in this rate; | while the noninsurer gets the same munio pal or state protection, without this addi- tional burden,” On subject premiums, Mr ing a vast excess necessary the of st Kelsey gav paid all o taxation of figures sho to the state over of which, he ai “is in a way the penalty paid by who buy fire, life or other insur- ance indemnity, over and above those who do not.” Another crying need in this countr Mr. Kelsey, is the adoption by large and by the state for smaller towns, of laws and ordl building construction. In I refer to four speclal rec the National Board to— Proyide for expenses, serts, peopl said citles, cities and ances regulating this connection »mmendations of of Fire Underwriters the protection of bulldings from outside exp fires; for the pro- tection of all vertical openings in build- ings; to prohibit the use of shingle or other combutible material for roof ‘covering; and to call special attention to the necessity of limiting the height and area of build- ings. In fixing the limit of helght and area for buildings, consideration should al- ways be glven to the efficiency of the fire department and the adequacy of the supply. o fire sure er department should be de- fire of serlous proportions at a helght be- yond sixty-five or seventy-five, and a fire in any building having an unbroken floor erea greater than 5,000 to 7,600 square feet, is likely to be difficult for the firemen to control. * Mr. Kelsey point out that, as the of the burning of San Francieco an losses sustained thereby, insurance companies Imported Into country during the year 1806, 357,82, gold. Those funds went to. pay losses, which had to be met with spot During the last financlal stress and fl the banks imported through New City, during the months November, 38,801,784, and in Dec 1007, $36,676,! or a total of $94,878,662, total gold imports for the After the San Francisco fire, can fire Insurance put into thelr business to meet their | a new capital amounting to $26,28,513. with the amount imparted by the companies, make tresh funds required meet the emergency. the in the busine: It is thus demonstrated, says Mr. Ki that although given communities or states may be comparatively immune exc of time, the confragration loss—that leveler in Insurance ways be borne in mind that reckoned a liability—liable at any time and place to smash good records and mak ones worse. been sald of the Much has the enormity and written fire waste In country, and frequent comments made on the consplcuous omission of any reference to the national fire waste during the the forelgn actual of October and whole country during that time amounted to $112,535,846. Ameri- companies raised and forelgn | $84,000917 pf absolutely ssive fire loss for an extended period experience—must ference of stat dent of the United Stat result d the fire this 404 In sources of this country has often been emphasized destroyed by fire Is absolute the Individual, and a destruction of we In our national re The proposttion fronting the fire day 15 a business one ten years they have tr at a loss gt 45 per figures it. In an article on the Mr. Henry J. Furber, jr., attorncy Chicago Board of Fire Underwriters “The combined population Italy, Switzerland and Denma (the yfar of our last census) was thing more than 76,000,000, or about the United States. The average loss of tI four countries, running between 1900 and 19, | less tihtan $17,500,000, as compa annual fire 190 to of ten thnes greater, If Great Britain and Continental [ can thelr fire waste and fir this county certainly can if it st to do it. The accomplishment also bring with it cost of the which would as to Insure which had mation. was discussed. an urces. which is ungreatly insurance companies wse for the nsacted busiy cent, as Mr. cash, lurry, York mber, The as Kel of sa of Fra osses, 0 This, ar w tha! annuil for per was a 1 d with United States, f $173,000,000, or ne 88 to se elsey, even from loss in the over great al- | on as | any e bad reduce of this end a saving on the present fire enormous we about insurance this be th s0 in amo success of any enterp con- governors with the prest- . when' the gens eral subject of conserving the natural res It that property loss to alth con- to- last ness Isey “Annual Fire Waste," the ays: nee, 1900 some- t of fire lods Ittle an o arly tax s out uld tual tax, unt rise such a reward for its consum- THE MIDWEST LIFE OFFICERS and DIRECTORS Mr. C. B. Anderson. . .Crete, Neb. Pres. Conservative Investment Co., Mr. J. E. Baum. . .. .Omaha, Neb, Pres, The Bennett Co. Mr. A. W. Buffum . Tecumseh, Neb. Tecumseh Nat. Bank. Burnham . . Lincoln, Neb, Pres. First Nat. Bank B. B. Dav Surgeon. Vice-Pres. 'l'lu-..‘lld\n-al Life Dr. .. .Omaha, Neb. Mr. C. R. Easierday . Lincoln, Neb. Actuary. M. H. Everett. .Lincoln, Neb. Surgeon, Dr. Medical Director, ., Folsol Lincoln, N y Folsom Bros. Co. Mr. H. 8. Freeman . . Lincoln, Cashier First Nat. Bank. Treasurer, In Frost, Lincoln, District Judge. Mr. F. M. Hall. . Lincoln, Auorney Judge Li Neb, Neb. Mr. Paul H. Holm. . Lincoln, Neb. Real Estate and Investment Broker PAID UP CAPITA $120,000.00 $1,560,000- The Midwest Life — SELLS — LIFE INSURANCE Write for an Agency. HOME OFFICE: 1007 “0” SL., Lincoln, Nebras! N. Z. SNELL, President. OFFICERS and DIRECTORS Prof. G. E. Howard, Lincoln, Neb, Prof, Political Science and §o- clology, State University. Rev. H. J. Kirchstein. Omaha, Neb, Pastor North Side Christian Church Mr. J. W. McDonald. Lincoln, Neb, Pres. Lincoln Traction Co. Mz, J. H. Mockett, Jr, Lincoln, Neb, Supt, Agents, Mr. A. J. Sawyer. . . . Lincoln, N Attorney. Sec'y The Midwest Life. Mr. J. O, Beacrest. . . Lincoln, Neb, Business Mgr. Daily State Journal, ' Mr. N. Z. Snell Lin Pres. The Midwest In, Life. Neb. Mr. J. T. Trenery . .St. Joseph, Mo, Vice-Pres. First Nat, Bank, Mr. M. J. Waugh Lincoln, Neb, Pres. Lincoln Paint and Color Co, Mr. J. W. Welpton.. Ogalalla, Neb, Cashier Exchange Bank Mr. E. C. Wiggenhorn, Ashland, Neb, Cashier Farmers and Merchants Bank. 3 Mr. Mark W. Woods . Lincoln, Neb. Woods Investment Co,