Indianapolis Times, Volume 41, Number 218, Indianapolis, Marion County, 21 January 1930 — Page 5

21, 1930.

LIFE INSURANCE MEN WILL ASK LAW REVISION J. A. Bawden. New Head of Indiana Group, Heads Inquiry Committee. Appointment of a committee to ronsider complete recodification of the Indiana Insurance statutes was recommended today in resolutions presented at the Indiana Insurance day observance at the Clavpool. Action followed a conference of officer.-. and is for the purpose of strengthening receivership and insurance laws and simplifying procedure of appointing receivers in the liquidation of Indiana insurance companies and associations. \ The committee to act in the matter will be appointed by James A. Bawden of Indianapolis, state agent of the American Fire Insurance Company of New Jersey, newly elected president of the Insurance Federation of Indiana. Promise Assistance Resolutions committee members also approved passage of the agency qualification law by the legislature and promised assistance to state officials in enforcing the act. Officials of the association said the proposal for recodification of laws has been supported by the association for several years and the state insurance department has advocated the step. Officers elected, in addition to Bawden. were: Ross E. Coffin, Indianapolis, first vice-president; Ralph L. Colby and J. J. Fitzgerald, both of Indianapolis; J. H. Meyn, Hammond; R. C. Griswold, Indianapolis; E. F. Johnston, South Bend, and Van E. Duncan. Indianapolis, vice-presi-dents; A. L. Rigsbee, Indianapolis, treasurer, and Joseph G. Wood, Indianapolis. secretary. C. A. Ludlum, former vice-presi-dent of the Home Life Insurance Company of New York, in a convention address, declared life insurance is popular "because purchasers expect to reap a return.” r He said other types of insurance are regarded as “essential.” “People do not dare do without them, but they are regarded too generally as a sort of necessary evil, involving parting with money without getting anything in return in the great majority of cases, except in an abstract sense of protection against disastrous pecuniary loss in event of certain contingencies,” he said. More than 1,500 insurance agents and officials are attending the sessions, w hich got under way Monday night when a dance was given by Indiana Fire Insurance Agents , at the Claypool. Addresses by Reg. W. Reynolds, general agent, of the. Federal Surety Company of Fremont, Neb.: David Benjamin of Springfield, 111., and Ludlum were given. A noon luncheon was held, with addresses on sales problems by W. W. Klingman of St. Paul, i ice-president of the Equitable Life Assurance Society; R. P. Devan of Charleston, W. Va., former president of the National Association of Insurance Agents; and with the presentation of the Chandler trophy by Frank M. Chandler, “father” of insurance day. Federation to Meet The federation held its annual meeting following th luncheon. During the afternoon, sales problems were discussed by Frank Robinson of Toronto, Canada, branch manager for the Mutual Life of Canada; Paul W. Cook, instructor of agents for the Mutual Benefit Life of Chicago; Chester Albright of Indianapolis, agent for the Northwestern Mutual Life, and C. E. Randall of Springfield. 111., superintendent of agencies for the Franklin Life. At a banquet at 6:45 tonight Colonel H. P. Dunham of Hartford, Conn.. Insurance- commissioner for that state, will speak. Dr. Gustavus W. Dyer of Nashville, Tenn., professor of economics of Vanderbilt university, also will appear on the program. Clarence C. Wysong, Indiana insurance commissioner, will be toastmaster.

Indianapolis Agency The Franklin Life Insurance Cos. of Springfield, 111. One of the Fastest Growing Agencies in Indiana RALPH L. COLBY Manager 706 New City Trust Bldg. LI. 2376

Peoples Life Insurance Cos. Frankfort, Ind. WILL H. ADAMS GENERAL AGENT 18 Aetna Bldg. Riley 1745

Aetna Trust & Savings Cos. EMtablished 1912 “Make This Your Insurance Day” Protect Your Insurable Interests Call Lincoln 7371 23 North Pennsylvania Street

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STATE HIGHWAY BIDS RECEIVED BY BOARD Commission Expects to Build 500 Miles During Year. Bids on seventy-five miles of state highway paving for the spring program were received today by the state highway commission. This is the third letting of the new year and will bring the total under contract to 240 miles. A minimum of 500 miles for the year has been set by the commissioners. Today's projects include the widening of U. S. 40, from the Indianapolis limits to Bridgeport, 5.7 miles in Marion county. Low bidder was Wliliam D. Vodel of Indianapolis with $200,613 for concrete and $225,545 for black-top. The engineers’ estimate for the latter was $409,429.

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CONTRACTS ARE LET $82,000 Is Winning Bid for County Home Work. County commissioners today let contracts for construction of an addition to the Board of Children’s Guardians’ home after a delay of several weeks because of controversy with the state tax board and litigation in two injunction suits. J. G. Karstedt Construction Company received general contract on a second low bid of $82,000, and Hayes Bros, was given the plumbing

Business Is Good The amount of new Life Insurance sold in 1929 by the Indianapolis Agency of the Massachusetts Mutual Life Insurance Company was 22% larger than in 1928. Hackieii<*n & Shields Agency • CK3tNTIN Massachusetts Mutual Life Insurance Company

Mutual Insurance stock fire insurance company formed a mutual insurance company that an organized method of relief from misfor- Benjamin Franklin X 1 j tain in their community. That |L. *■ I | mutual has been in success- !*', 'X / ful operation for more than a j; ' century and three quarters. Independence Ilall has been L , • ' continuously insured in that Independence Hall INDIANA MUTUAL CYCLONE INS. COMPANY (Windstorm insurance on all classes of property) FARMERS MUTUAL LIABILITY COMPANY (Automobile and workmen’s compensation insurance) INDIANA UNION MUTUAL INSURANCE CO. (Fire and windstorm insurance on town and city property) FARMERS MUTUAL INSURANCE CO. (Fire insurance on farm property! Home Companies for Home People West Market St, Illinois Bid*. Indianapolis, Ind.

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contract on a low bid of $19,794. R. M. Cotton Company and Charles L. Smith Electric Company were awarded contract for heating and electrical appliances, respectively. Orders of the tax board directing commissioners to award contract to two other bidders when bids first were submitted, brought suits by the Cotton company and Hayes Brothers. Rulings were made by two superior court judges rescinding the tax board's action. The first steam war vessel of the United States navy was named the Demologos, meaning “Voice of the People."

AIR TRAGEDY IS DELVED INTO BY VETERANPILOTS Pool Knowledge in Effort to Determine Cause of , Fatal Crash. Bn United Press GLENDALE, Cal., Jan. 21.—Four veterans of the air lanes pooled knowledge today to determine, if possible, what quirk of fate sent the giant T. A. T.-Maddux tri-motored plane spinning into a crash Sunday at sunset with a loss of sixteen lives. The four, all former army pilots and now officials of the aJr line, went into an open hearing to weigh the stories of eyewitnesses of the worst airplane tragedy in the nation and hear all evidence offered. They hoped to fix the cause and then take steps to eliminate it. They had visited the scene of the catastrophe, a narrow strip of land between a highway and the Pacific ocean, on the air route between Agua Caliente, Mexico, and Los Angeles. Lieutenant D. w. Tomlinson, vicepresident of the T. A. T.-Maddux line, in charge of operations; F. H. Whitney and Eddie Belande, two of the company's oldest pilots, and S. D. Welsh, adviser on operations, made up the board. Tomlinson's opinion that Pilot

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The State Life Insurance Company Indianapolis Officers: Directors: Charles F. Coffin, President Charles F. Coffin Robert E. Sweeney, Vice-President Robert E. Sweeney J. I. Dissette, 2nd Vice-President J* L Dissette Albert Sahm. Secret ary-Treasurer F L- Stalnakei , Walter Howe, Auditor C. B. McCulloch, M. D. C. B. McCulloch, M. D., Hugh McK Landon Medical Director C. H. Beckett H. N. McClelland, Cashier w - J - Mooney W. J. Mooney, Albert Sahm Chairman Executive Committee Charles F. Coffin Jr. The officers and directors of the State Life Insurance Cos., on this annual Indiana insurance Day, extend cordial greetings to the insuring public and emphasize again that Life Insurance is the best “life saver” any man or woman can have. i fr i- - COMPANY SLOGAN The Growth of Oak. The Solidity of Granite .

Basil Russell, who perished at the controls of his burning ship, was overtaken by a squall and attempted to turn back south toward San Diego, was echoed in an official announcement by the air line. Tomlinson believed Russell did not know r he was so close to earth and, in turning, hooked the left wing of the plane on the ground. Colonel Charles A. Lindbergh and Tomlinson, together with other technical advisers, conferred with the officers and the board of directors of the merged airlines Monday night. The following statement, maintaining that there was no advance indications of the squall, was issued: “From investigation of the wreckage and conversation with witnesses it appears further that after passing Oceanside, Russell encountered a local storm between Oceanside and San Clemente. “This storm apparently closed in without warning and forced Russell to turn back. In turning, the tip of the left wing struck the ground. Upon impact, the fuel tanks burst and covered the hot motors with gasoline, which ignited.” . Tenant Moves; Suit Follows pu Times Special BLOOMINGTON, Ind., Jan. 21. Gus Dalton, plaintiff in a SSOO damages suit against the Interstate Public Service Company, alleges its workmen left an alley back of property he owns in bad condition after laying a gas main and the tenant moved out because he could not get his automobile to a garage, and that the property has since been vacant. The United States navy has fewer than 200 aliens among its enlisted personnel.

Bon O Aspy Surety and Fidelity Bonds, Automobile, Fire, Casualty Insurance. REPRESENTING The Importers and The Mohawk Exporters Ins. Cos. Fire Ins. Cos. ARTHUR C. WILLIS, General Agent. The Metropolitan Casualty Insurance Cos. Land rs & Landers, Managers and Adjusters 211 Guaranty Bldg. LI. 6451

INDIANA INSURANCE CO. AND COOLING, GRUMME and MUMFORD STATE AGENTS Welcome the Visiting Agents to Indianapolis ON INDIANA INSURANCE DAY American Central Life Bldg.

You and Your Future If you are looking for a position with a future and contemplate making a change—give us an opportunity of picturing to you the Life Insurance business. No obligations. We can use three additional men in Indianapolis and in the important cities in the State. The men selected will be given a thorough training of Life Insurance fundamentals and selling so that their success wlil be insured. If vou have not heretofore been a failure—are between the ages of 27 and 40 and want a real future, come in and ta.k it over with us or phone Lincoln 7596-7. W. H. MEUB, General Agent New England Mutual Life Insurance Company (oldest Chartered Mutual Life Insurance Company In America) 1450 Consolidated Bldg. Indianapolis, Indiana.

TRY A WANT AD IN THE TIMES. THEY WILL BRING RESULTS.

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