Indianapolis Times, Volume 42, Number 65, Indianapolis, Marion County, 25 July 1930 — Page 18

PAGE 18

LAUNCH FIRST U. S. 'BONE DRY' I INSURANCE CO. Only Total Abstainers Are Eligible for Policies; Firm Incorporated. ’ BY DANIEL M. KIDNEY America's first "bone-dry'' insurance business was launched here today with the filing of articles of incorporation with the secretary of state of the Temperance Life Insurance Company of America. The new organization is a legal reserve company with an authorized capitalization of 1100,000. Karl P. Lenz. veteran insurance executive, is president and officers have been opened in the City Trust building. Here is how Lenz explains the “bone-dry" angle of the business: “The company, in its practical bperation, will confine the writing of business to men and women who are total abstainers, or. in other words, strictly observe the eighteenth amendment and Volstead act. Saving in Mortality "This does not in any sense involve proselyting or commercializing prohibition. "Statistics, gathered by old line legal reserve companies over a period of more than thirty-five years,, demonstrate a considerable mortality saving in favor of the total abstainer, hence the total abstainer is entitled to a commensurate reduction in the cost of his insurance, which, however, he has not been receiving under the present plan of ope r alion. "There is no sound reason why premiums being paid by men and women of this class should be used in payment of alcoholic death Josses.” Lenz company will take the word of customers that they are total abstainers and if they should decide to take a drink or two after the policy arrives, it will not be forfeited forthwith. But, he explained, most of the business will be among known drys, fi u"h as preachers of abstaining i s' ;ts. Anti-Saloon League and W. T. U. members and the like. "Most of our business will be in small towns where there is a marked division between drinkers and nondrinkers, and we are notj apt to make any mistakes in taking people as risks who patronize; bootleggers on the side,” Lenz as- j serted.

Here are some of his statistics, upon which he expects, eventually, to make a 20 per cent saving in claims: Ethan Miles Is Officer “The drinker at age 20 will live an average of only fifteen and onehalf years. The moderate drinker has an average life of nearly 30 per cent shorter than the total abstainer. After age 20 he may expect to live twenty-nine and onehalf years. The total abstainer at 20 may expect to life forty-two and one-fifth years. This is based upon statistics gathered by English insurance experts, where a company has had a temperance section for eighty years.” Temperate people in England only drink with their meals, Lenz was told, but he says this insurance company permitted only total abstainers in the temperance section. Other officers of the new company are Ethan A. Miles, Indiana Anti-Saloon League counsel, first vice-president; William H. Kershner. former adjutant-general, secretary, and Chester L. Robinson, president Marion County State bank, treasurer. Directors include Marshall D. Lupton, vice-president of the Beveridge Paper Company; Drs. J. W. Sluss. medical director, and Lyman H. Pearson, associate medical director-. Ross Coffin, manager so the insurance department; H. H. Harman, secretary board of education of Disciples of Christ church, and prominent prohibition workers in other states.

iSiif SfefcA Straps 1 Novelty \. \ n, Practically give- \\ away prices for 'j|T 'a whirl - wind I ,_VY- Clearance. f Shoes for every need in a forced clear- B 7 arce that means tremendous savings m/ ' for you. Let your conscience be your guide and you will several pairs. 109-111 S. 111. 5t.—324 E. Wash. St.-346 W. vOTSt. t u

Cool, Calm Deliberation

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No, this isn't exactly new classroom attire, but just the way Butler university summer students keep cool while preparing their lessons. Miss Anna Ma. Sander, 421 Sander street (left) and Miss Mary Kcttler, 3034 North Delaware street, found solving their mathematics between swims in the fieldhouse pool a splendid way to avoid rising temperatures.

FILES STREET LEVY SUIT Spann Company Asks Assessment Be Set Aside by Court. Cancellation of an assessment levied against property owned by the John S. Spann Company on Massachusetts avenue, from North street to Cornell avenue, is asked today in a suit on file in circuit court. It is alleged the company was assessed $994.80 as its share for widening the street from sixty to eighty feet and that this amount is four times what it should be.

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THE INDIANAPOLIS TIMES

BLAME SUICIDE ON lUHEALTH Aged Man Hangs Self in Basement of Home. John C. Taylor, 78. of 3721 North Capitol avenue, ended his life by hanging himself in the basement of his home Thursday night. He was despondent over ill health. He lived with three daughter* Misses Mabel, Ella and Lulu Tayloi Police today had not located a man who is believed to have been a companion of Miss Frances Thompson, 26, 309 North Mount street, blonde divorcee, a few hours before she was found dead in her automobile parked on the Seerly road west of Maywood Thursday morning. An autopsy Thursday afternoon showed the girl died of poison. Deputy Coroner O. H. Bakemeier held the poison might have been forced down the girl’s throat. Witnesses say a man was seated in the car with her at the same spot on Wednesday night. James Olsen, 39, of 528 East Market street, attempted twice to

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end his own life in a cell at the city prison Thursday. Held on charges of disorderly conduct and malicious trespass, he severed an artery in his right arm with a broken electric light bulb and then slashed his arm again with the handle torn from a tin cup. He was taken to city hospital. Slump Hits French Gambling Bu T’nlttd Pres* PARIS. July 25.—The Wall street slump of last fall proved highly unfavorable to owners of gambling casinos along the French riveria, statistics of gambling profits for the six-month winter season revealed today. Total profits for the six months this season were about $4,280,000, compared with $5,240,000 last season.

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MADDEN SERVICES HELD Rites for Plane Victim Conducted at St. Joan of Arc Church. Funeral services for Theodore B. Madden. 28, killed in a plane crash while stunting Wednesday afternoon, were held at 10 this morning in the St Joan of Arc Catholic church. Burial was to be In Holy Cross cemetery. Mr. Madden lived at 4837 Guilford

Poor Teeth—Poor Health Can Ton Afford to Neglect Tours? Good Work—Moderate Price. The People’s Dentists 36 West Washington Street HOI KS—B a. m. to 6 n. m. Sundays —9 a. ni. to 13 m.

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J V yV All V In this city Practically every druggist sells this richest malted milk. If it is not served at the fountain, take a bottle home, and learn what Horlick’s tastes like when it is properly made. It is America’s most wholesome food-drink. Send ten cents today for sample and mixer. HORLICK’S RACINE, WISCONSIN

JULY 25, 1930

dore B. Madden, 9. and a brother, Thomas €L Madden.

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