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Newspaper
Newton Record
Location
Newton, Iowa, United States of America
Date
May 14, 1897
Page
8
The Union Life Insurance Company of Omaha, Nebraska, commenced business in 1885. In 1896 it reported gains in income, assets and insurance amid uncertain conditions and a presidential campaign. Assets rose by 630,014.31 to total net assets of 3273, 31.82 with a surplus to policyholders of 8126,491.82.
An 1890 report commends the company for rising insurance in force by over 23 percent and premium receipts by more than 25 percent. Interest receipts jumped over 40 percent, net assets up more than 20 percent, and net surplus up over 120 percent. Mortality is under half the expected rate, expense ratio remains 3 percent, and policy holders benefit from profits, loans, and full cash values.
The week reports include Greek efforts to besiege Osman Pasha and Greek forces occupying Pentepigadia north of Arta, while Turkish advances threaten Elassona and Zarkos. Velestino battles yield heavy Turkish losses. Cuban forces under Gomez and Robí reclaim Banes from Spanish control. Spain signs Cuba reforms as Weyler reports pacification, amid other global upheavals and disasters.
A A Allen named vice president and general manager of the Missouri Kansas and Texas to replace T C Pardy who resigned. An interstate mass convention planned for Topeka or Wichita in June aims to press railroads to cut freight rates to the gulf. Kansas railway commissioners move toward a general conference on freight rates. Union Pacific reports a $747 032 drop in income despite higher freight and passenger business. The Order of Railway Conductors backs Michael Kelley, a discharged M K T conductor, in his suit against Allen over alleged blacklisting.
Senator Platt of Connecticut wed Mrs Jennie P Hoyt of Upper Montclair New Jersey. The Supreme Court adjourns to May 10 to deliver opinions. A revised tariff bill passes the Senate with many changes including removal of retroactive clauses and beer tax increases. The Comptroller reports national bank note circulation at 252 507 244 on April 30, up 8.7 million for the year but down 906 650 for the month. US international monetary talks will sail May 8, first to London then Paris. The President orders four day suspension of the Dunlop sentence for Joseph R Dunlop in Chicago for obscene mail matter. Neuvo Laredo visit notes Gulf and Interstate Transportation Co delegation impressing corn trade potential. corn valued at a Mexican dollar per bushel in Mexico.
Extensive sugar imports through New Orleans port. Wisconsin Beet Sugar completes Menominee Falls plant and assigns. Oshkosh to inaugurate world’s first grass twine factory in 30 days, employing 00 workers to bind marsh grass. Calls for congressional inquiry into Sedalia bank. Bank failures follow closings in Loda and Urs, with four businesses collapsing. Omaha cattle up 1,400 weekly, hogs up 18,000, lambs 12,000 more. Dunn’s review notes cautious improvement, grain steady despite war delays. Obituaries: Edwin Cherne, John J. Berry, Horace Ayres, John Crum, Jesse Peyton, Judge Hammond, M. C. Bristol, Howard Hackett.
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