Insurance Journalists' Association of the United States: At the annual meeting held in New York, October 29, 1891, C. M. Ransom, C. C. Hine, W. S. Nichols, Franklin Webster, Henry W. Smith, John A. Fowler, and J. H. C. Whiting, Jr., were elected an executive committee for the ensuing year. Organization was effected by the selection of Mr. Ransom as chairman; Mr. Nichols, treasurer; and Mr. Whiting, secretary.

Insurance Library Association of Boston: At the annual meeting in Boston, January 16, 1892, the trustees elected for 1892 were Frederick B. Carpenter, H. E. Hess, A. K. Simpson, L. F. Goule, J. J. Downey, Henry N. Baker, E. C. Brush. Mr. Carpenter was elected president, and Mr. Hess, treasurer and clerk. The total membership was 83. [For history of the association, see Cyclopedia of Insurance for 1890.]

The

Inter-State Fire association of New Orleans, La., was incorporated in 1889. It is a mutual company with stock subscriptions and guarantee fund notes, and does business for cash premiums. officers are Breedlove Smith, president, and R. L. Emery, secretary. The company reported on December 31, 1891, assets of $205,131, which included guarantee fund.

Iowa Business Men's Fire insurance association was incorporated at Marshalltown, Ia., in June, the proposed capital being $100,000. J. J. Rutka of Fort Dodge was elected president, and J. J. Novak of Iowa City, secretary.

Iowa Insurance Report: The twenty-second annual report of the auditor of state, relating to insurance in Iowa during the year ending December 31, 1890, was issued May 1, 1891. There were 126 fire, one joint stock live stock, one mutual hail, two steam boiler, two plate glass, two fidelity, two accident, thirty life, and thirty-six assessment insurance companies, and one company transacting only an employers' liability business, engaged in the state in 1890. Of the fire companies, eleven were Iowa joint stock, and nine Iowa Mutuals; eighty-two joint stock and two mutuals from other states, and twentytwo United States branches of foreign companies. There were also 126 mutual fire and tornado associations of the state transacting business, as authorized under section 1160 of the code of 1873. Fourteen companies were admitted in 1890, and three withdrew. The Reliance Mutual Fire of Dubuque, Mutual Guaranty Fire of Clinton, and Citizens Mutual Fire of Waterloo, volutarily assigned during the year, and were placed in the hands of assignees.

Iowa, Insurance Supervision in, 1870-1891: The first Iowa insurance report was issued March 1, 1870, the auditor of state being charged with the duties of supervision. The following is a list of these officials since the enactment of the insurance code in 1868.

John Russell,

John A. Elliott,

Buren R. Sherman,

1865-1871. | William V. Lucas,
1871-1875. John L. Brown,
1875-1881. James A. Lyons,

The term of the present incumbent will expire in 1893.

1881-1883. 1883-1887.

1887

Iron District Fire insurance company was organized at Spartanburg, S. C., in January, with a capital of $100,000. James Walker was elected president, and James Cofield, secretary.

Irvin, C. J., was appointed in February, 1891, special agent of the Continental of New York for eastern Pennsylvania, Delaware, Maryland, and the District of Columbia.

J

Jackson, Frederick H., was appointed general agent of the Mutual Life insurance company of New York, for the State of Rhode Island, succeeding James M. Scott of Providence, who resigned July 1, 1891, after a service of twenty six years with the company.

Jacobi, Walter, was appointed general agent for the Home Life insurance company of New York, for Northern Ohio, with headquarters at Cleveland.

Janvier, Charles, was appointed secretary of the Sun Mutual insurance company of New Orleans in January. Mr. Janvier was the promoter and manager of the Natural Premium Life insurance company of New Orleans, which went into liquidation in 1889.

Jefferson Fire insurance company of Philadelphia, Pa., was incorporated April 28, and began business August 1, 1855, the original paid

up capital being $100,000. The officers are William McDaniel, president, George W. Spiese, vice-president, Philip E. Coleman, secretary and treasurer, Philip E. Coleman, Jr., assistant secretary. The directors are William McDaniel, William D. Gardner, H. Crawford Coates, Frederick W. Troemner, Jonas Bowman, George W. Spiese, Eugene I. Santee, Charles Santee, Jacob Schandein, Philip E Coleman, B. Mitchell Simpson, William McClary, Edwin A. Landell, Charles Hart, Jesse Lee.

Jefferson insurance company of New York, which began business in 1824, retired in March, 1891, and its risks were reinsured by the Home of New York. The capital at time of withdrawal was $200,010. Samuel E. Belcher was president, having held the office since 1864, William B. Flowery, secretary.

Jefferson insurance company of Wheeling, W. Va., began business in 1883. It has a capital of $100,000, partly stock notes. It does a small local business. The officers are Earl W. Oglebay, president, and J. F. Stroehlin, secretary.

Jersey City insurance company of Jersey City, N. J., was incorporated February 12, 1847, and began business December 1, 1856. The cash capital was $150,000, which has since increased to $250,000. The charter authorizes fire and marine insurance, but the company confines itself to the former. The officers are Nathaniel Foote, president, Alfred A. Lutkins, vice-president, C. F. Patterson, secretary, and R. C. Albright, general agent. The directors are Nathaniel Foote, Alfred A. Lutkins, ex. Gov. Joseph D. Bedle, E. F. C. Young, William Hogencamp, John D. Carscallen, Lyman D. Brainerd, Thomas H. Williams, William Hustace, John E. Cronham, Edward R. Wilbur, Jacob R. Shotwell, William R. Drayton, George F. Perkins, Garrett M. Patterson. The department managers are: New York and Pennsylvania, C. L. Stowell, Rochester, N. Y.; Ohio, Wisconsin, Illinois, Iowa, Nebraska, Minnesota, Colorado, and Michigan, Pellett & Hunter, Chicago, Ill.; Kansas and Missouri, William Bull, St. Louis, Mo.; Pacific coast, George Easton & Co., San Francisco, Cal.

John Hancock Mutual Life insurance company of Boston, Massachusetts, was chartered April 21, 1862, the original incorporators including Nathaniel_Harris, James P. Thorndike, and Gerry W. Cochrane. George P. Sanger was elected president, and the company's first policy was issued December 27, 1862. The primary object of the organizers was the establishment of a company that should from the beginning be an exponent of the Massachusetts NonForfeiture Law of 1861, and it was the first company in the State to pay a claim under a policy lapsed by non-payment of premium. The non-forfeiture law provided for extended term insurance for such period as 80 per cent. of the reserve would carry the policy, and, under the provisions of that law, the John Hancock paid to widows and orphans more than $500,000.

There were crudities in the statute, especially as applied to endowment insurance, and in 1880 it was repealed. A new law was substituted, however, taking effect January 1, 1881. Under its provisions every policy issued by the company becomes paid up by its terms after

the payment of two annual premiums, and without action of any kind on the part of the policy-holder. The law also provides that on any anniversary, on a proper surrender, the company shall pay the surrender value of the policy, which, in the case of an endowment policy, is very nearly the full 4 per cent. reserve.

The John Hancock began business with a guarantee capital of $100,000, which was retired in 1873, the company then becoming a purely mutual organization. The original board of directors consisted of thirty-six members, the owners of the guarantee capital and the policy-holders being represented in the directory. Two members of the original board, Messrs. Samuel Atherton and George C. Lord, are still associated with the management, the former occupying the position of first vice-president. May 12, 1873, President Sanger resigned and retired August 1 of that year from the position which he had held from the inception of the company. The associate officers at the time were Farnham Plummer, vice-president, George B. Ager, secretary; and Elizur Wright, actuary. George Thornton was elected president in 1874, filling the vacancy caused by the resignation of George P. Sanger. Samuel Atherton was advanced to the vice-presidency, succeeding Farnum Plummer, and George B. Woodward became the secretary and actuary of the company. Hon. Stephen H. Rhodes was chosen president in 1878, being at the time of his election Insurance Commissioner of Massachusetts. He resigned as commissioner March 12, 1879, having held the position since December 8, 1874, and assumed the active management of the company, which he has since retained. The associate officers and directors are Messrs. Samuel Atherton, first vice-president; Samuel Wells, second vice-president and counsel; George B. Woodward, secretary; Charles G. Wood, treasurer; Frank Wells, medical examiner; Henry T. Culver, superintendent of agents; Messrs. Samuel Atherton, George C. Lord, James F. C. Hyde, Samuel Wells, Thomas F. Temple, Franklin Haven, Jr., John Carr, Albert H. Higgins, Charles E. Lauriat, Daniel Needham, Stephen H. Rhodes, directors.

In July, 1879, the company engaged in the prosecution of industrial insurance, being the pioneer in that branch of business in Massachusetts. Its first industrial policy was issued July 7. From the outset the business developed with great rapidity. Through the intervention of President Rhodes, the non-forfeiture act of 1861 was amended, providing that on policies of prudential or industrial insurance on which the weekly premiums are not more than fifty cents each, the surrender value in all cases shall be payable in cash. The equity of this provision, which the company would have adopted without statute requirement, commended industrial insurance to the public, ensuring the system favor far and wide. The progress which the John Hancock has made as the Massachusetts representative of the industrial insurance plan is shown by the appended statistics, exhibiting the number of policies and amount of insurance in force and the yearly gain since the adoption of the system by the company :

The company's total insurance in force, December 31, 1891, including whole life and endowment, exceeded $65,000,000. At the beginning of industrial operations the amount in force was $12,000,000. The rapid increase in the company's operations made it neces sary that it should seek quarters where the business could more conveniently be carried on than in rented rooms, and in 1887 it purchased a lot of land on Devonshire street, covering 12,500 square feet, on which it erected one of the finest buildings in Boston, moving into its present quarters in February, 1891.

Under the provisions of the Massachusetts laws, the company is examined every three years by the Insurance Commissioner, and a provision of the by-laws of the company also provides for an annual examination by a committee elected by the policy-holders at the annual meeting.

K

Kansas City Life Underwriters' Association was organized in January, 1891, at Kansas City, Mo., C. D. Whitehead being elected president; J. L. Lord, first vice president; J. A. Lewis, second vicepresident; C. D. Will, secretary; Elie Pattie, treasurer; J. D. Sutton, J. A. Lewis, S. S. Simpson, A. Goertz, and T. H. McDearmon, executive committee.

Kansas Insurance Report: The twenty-first annual Kansas insurance report was issued June 30, 1891. The companies admitted during 1890, the year embraced in the report, were: the Hekla of St. Paul, Caledonian of Edinburgh, Germania Life of New York, State Mutual Life of Worcester, American Employers' Liabilities of Jersey City, Equitable Accident of Denver, United States Guaranty company of New York, St. Paul German Accident, American Casualty Insurance and Security of Baltimore, Imperial Life of Detroit, New York Plate Glass and Farragut Fire of New York. Four companies retired