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This newspaper page contains 21 articles. Subscribers can read the full text of each article.
Newspaper
The Indianapolis Journal
Location
Indianapolis, Indiana, United States of America
Date
Aug 07, 1903
Page
12
The Marion Trust company reports strong deposits totaling 1 250 000 with high stock value in local markets. After remodeling seven weeks in tight quarters, the bank now occupies expanded, well furnished offices. President Eliiett credits VP Kelsey and Secretary Treasurer Trusler, plus the board of directors, for the success and stable leadership.
The Reserve Loan Life Insurance Company, organized in 1897 and restructured under Indiana law, shows assets of 112,273.22 as of 1962 with mortgage loans 29,500 and cash in offices 323,046.95. In 1962 it had 34,081,200 in insurance in force and wrote nearly two million in new policies, with death claims paid of 2.60. Officers include President Chalmers Brown and General Superintendent M. M. Crabill. The firm reports stronger reserve than state requirements and notable 67 percent first half growth over last year.
State Life Insurance Company, founded in 18M, has grown to assets over a million and a half, leading local life insurers. By January 1903 it held 34 227 policies totaling 39.54 million in coverage, with 1.14 million in net cash value and 1.25 million in high-grade bond collateral.
Ten years ago Indianapolis had no old line life insurer, but now five such organizations exist. The American Central Life Insurance Company, organized by Charles E. Dark, is the youngest, follows old line practices, and holds over 170,000 in United States bonds and first mortgages to secure policies. Its officers include E. B. Martindale, Charles E. Dark, M. A. Woollen, and Lynn B. Martindale.
The Indianapolis Fire Insurance Company reports six months of 193 with total assets of 461 815 40 and a net income of 15 702 78 after expenses. It lists investments including real estate loans 255 893 25 United States bonds 50 000 and municipal bonds 76 933 31. The firm complies with strict laws in several states and is led by President John H Holliday and Secretary H C Martin with a strong board.
Col. Jacob L. Greene of Connecticut Mutual Life argues the cost of life insurance. He cites figures showing expenses per $100 received for premiums and interest across several firms. Noting the aim is conservative administration, he explains how savings from actual losses and expenses fund dividends.
The German Fire Insurance Co of Indiana is described as the oldest mutual company that began in 1854. It reorganized in 1896 as a stock firm with 100000 capital and now shows assets of 435000 and a surplus of 140000. Directors include Theodore Stein president and William Kuhn first vice president with other officers listed.
The notice names Mr. Tateng as president since 1896 with a long service record on the finance committee since 1884 and as director since 188? while Pehuidt serves as secretary since 1873. It notes a German Fire Insurance Company of Indiana as a trusted option for first class coverage.
John Wocher and Company occupy the second floor of the Aetna building at 23 North Pennsylvania Street. One of the oldest and largest in the city, they handle fire insurance real estate investment and rentals and represent major insurers including Ocean Accident and Guarantee and New York Plate Glass. The firm recently remodeled their offices and expanded the real estate department with heavy volume this season.
Levey Bros. and Co. Inc. advances in printing reflect broader industry progress. The Indianapolis firm emphasizes refined output from small circulars to large catalogues and advertising pamphlets bearing the Levey Press imprint. Their move into bank supplies and enhanced shipping help sustain growth and national reach.
Canada to the Philippines and Cuba are cited in a bold exposition of Levey plant operations. The house outlines three principles economy in production and marketing, bankable reliability, and fair treatment. The feature praises massive factory scale, modern machinery, and integrated departments with an interior telephone system replacing old habits.
European writers urge bachelor taxation citing cats and luxuries as precedent. The piece argues bachelors are not societal burdens and should not be taxed for a life deemed lonely or defective, noting similar indignities to other unfortunates and warning against shaming policy.
The article traces the origin and meaning of the title cardinal, noting its historic usage by principal churches in Italy and the rites of the robes. It explains that cardinals can be chosen from lay or clerical ranks, though ordination is required after incorporation, and outlines their court rank, diplomatic influence, and key posts within Rome's congregations.
Insurance news notes rising rates on packing house fires, moves of agents and executives across companies, and a push by Wisconsin to require surplus distributions to policyholders. It covers Lloyds' risk tools, wildcat insurers, credit insurance growth in Indiana, and a court question on surplus versus dividends risking about 300 million dollars.
The piece argues William Jennings Bryan is a one idea man lacking substantive policies. It critiques his illogical positions on trusts, banks, and property rights, noting his multiple political nominations and campaigns. It contrasts Bryan with Grover Cleveland, noting Cleveland’s steadier platform and the 1896 and 1904 political dynamics.
The piece argues the U S monetary system remains solid on a gold basis due to Republican policies and the gold standard act. It contends past crises might have worsened without gold standard reforms and predicts continued safety so long as the Republicans stay in power. It claims the U S currency compares favorably with England and supports the party’s economic stability stance.
A contentious review of the Indiana Reformatory administration draws broad concern. Local readers question oversight and accountability while officials promise reforms and clearer communication.
A dated financial record lists 36 Pearl Street Hartford Conn with Jacob L. Greene as president and Herbert White as secretary. It details bonds stocks and other securities, debts for premiums, losses adjusted and due or not due, and total assets and liabilities including outstanding risks and greatest amount in any one.
I, the undersigned auditor of the State of Indiana, certify the above is a correct copy of the statement of the condition of the state mentioned on the list day of December. The statement is on file in this office. In testimony whereof I scrib e my name and affix the seal, February 5, 1 D. Be. Sherrick, Auditor of State.
A brief note touts a gas range as highly economical for general use. It emphasizes cost efficiency and practical value for households seeking affordable cooking equipment.
A Tannersville house with two coats of various paint and a Devoe one coat look, compared after five years shows the Devoe job aging better. The other painter across the street applied Devoe later and the Devoe job appears superior over time.
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