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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - April 10, 1920, Lethbridge, Alberta PAGK FOURTEEN SATURDAY, APRIL 111, Tin- LRTHBmnr.fi WHAT YOUR BANKER THINKS OF LIFE INSURANCE! Approximately Seventy-five per cent, of Business is done on a credit basis. Particularly is this irue as applied to farming. The following excerpts from letters written over the signatures of the various1 bank officials mentioned will therefore be of interest to business men and farmers of Southern Alberta THE CANADIAN BANK OF COMMERCE TORONTO, ONT. "A person who is adequately insured is unquestionably a bitter riik for credit." GENERAL MANAGER THE MOLSONS BANK MONTREAL "In granting credit I pay considerable attention to the question as to whether a reasonable amount of Life Insurance is carried or not." -GENERAL MANAGER THE BANK OF MONTREAL. MONTREAL. "I have no hesitation in stating that in many instances we have seen life insur- ance prove a decided advantage." MANAGER THE BANK OF NOVA SCOTIA TORONTO, "In cases where Life Insurance is an important factor in determining credit, as it is, it is made the subject of special enquiry on our part." THE ROYAL BANK OF CANADA MONTREAL. "Our confidence in a borrower is always enhanced by the fact that he carries a life insurance policy." DIRECTOR THE MERCHANTS BANK OF CANADA MONTREAL "Business Life Insurance has always appealed to me as a very excellent safe- guard." GENERAL MANAGER THE STANDARD BANK OF CANADA TORONTO. "In our forms for application for credit the amount of Life Insurance carried has to be specifically recited." -GENERAL MANAGER THE BANK OF; HAMILTON -n HAMILTON, ONT; "We very often request business men to protect us as well as themselves by tak- ing out, or increasing the Ufe insurance tliey hold." MANAGER THE BANQUE D'HOCHELAGA MONTREAL "We wish to state that we attach considerable im- portance to the security offered by insurance on the lives of customers." MANAGER THE HOME BANK OF CANADA TORONTO "Business insurance is so obyiously an advantage that any efforts to bring this practice into general use should receive the encouragement of MANAGER THE BANK OF OTTAWA OTTAWA. "The protection is one which is regarded most high- ly by bankers in considering applications for credit" MANAGER LA BANQUE PRO VINCI ALEDU CAN ADA MONTREAL. "We generally decline the granting of lines of credit to all merchants, manufact- urers, or industrials who decline to protect their businesses by Life Insurance." AND GEN. MGR. BANK OF BRITISH NORTH AMERICA MONTREAL, QUEBEC, "important to cover by insurance the risk of disaster to the business through the unexpected death of that individual." MANAGER THE BANK OF TORONTO TORONTO. "So evidently desirable that it hardly needs to be supported by any endorse- ment from MANAGER THE UNION BANK OF CANADA WINNIPEG. "Commercial credits to individuals, partnerships, or incorporated companies, arc greatly improved, in the eyes of their bankers, when supported by Life t -GENERAL MANAGER UFE ASSOCIATION Head Office, Toronto Street South, Lethbridge D. J. MeSwain, General Agent P.O. Box 354 R. L. Norman, District Manager ;