dent; Frank E. Law, vice-president; Theodore E. Gaty, secretary; George W. Allen, C. E. Scattergood, C. L. Newmiller, Walter McK. Hillas, assistant secretaries.

FIDELITY AND DEPOSIT COMPANY OF MARYLAND, Baltimore, Md. Organized 1890; capital, $3,000,000. Edwin Warfield, president; Robert S. Hart, secretary.

FIDELITY MUTUAL LIFE INSURANCE COMPANY, THE, Philadelphia, Pa. Incorporated under laws of Pennsylvania, 1878. Chartered to do a mutual life business. Walter LeMar Talbot, president. Insurance in force, $134,064,215; losses and claims paid, $34,321,107.55; assets, $30,548,578.14; liabilities, $29,597,147.56. Every approved claim was paid by January 1, 1915.

FIELD, EDWARD D., superintendent of agencies of the National Life Insurance Company of Montpelier Vt., was born at Rutland, Vt., January 13, 1879. He was educated in the public schools of Rutland and Phillips Academy, Andover, Mass., and has spent his entire business life in life insurance. He was connected with the actuarial department of the National Life from 1897 to 1901, later being appointed secretary to the president, a position he held until appointed to his present position in 1911. He is a member of the board of school commissioners of Montpelier.

FIRST NATIONAL LIFE AND ACCIDENT INSURANCE COMPANY, Pierre, S. Dak. Organized 1909; capital, $234,517Loring E. Gaffy, president; L. E. Snyder, F. W. Rigg, and John Davis, vice-presidents; J. R. Morrison, secretary and actuary; Ă. Wheelon,

treasurer.

FIRST NATIONAL LIFE ASSURANCE SOCIETY OF AMERICA, Tacoma, Wash. Organized 1908; capital, $200,000. Morton Gregory, president; A. E. Braden, vice-president; Geo. M. Jacobs, secretary; W. H. Pringle, treasurer; Paul L. Woolston, actuary.

FIRST TEXAS STATE INSURANCE COMPANY, Galveston, Tex. Organized 1910; capital, paid in $50,000. I. H. Kempner, president; B. J. Cunningham and H. Sheffield, vice-presidents; T. E. Flick, secretary and treasurer.

FISKE, HALEY, vice-president of the Metropolitan Life Insurance Company of New York, was born at New Brunswick, N. J., March 18, 1852. He was prepared at that place for Rutgers College, which he entered in 1867, and from which he was graduated in 1871, at the age of nineteen years. His first vocation after graduation was journalism, which he abandoned for the law. He studied in the office of Arnoux, Ritch & Woodford, with whom he subsequently became a partner. He practiced his profession, appearing in many important cases, until his election in 1891 to the vice-presidency of the Metropolitan Life, of which he had for some time been counsel. Mr. Fiske has devoted himself assiduously to the interests of this

FLYNN, BENEDICT DEVINE

337 great and beneficial institution since he became its second officer. He is a member of the Bar Association, a director of the Metropolitan Bank, the Metropolitan Trust Company, the International Banking Corporation, member of the Metropolitan, Manhattan, Grolier, and Church Clubs of New York and Cavendish Club of London.

ASSOCIATION,

Flint,

FLINT LIFE UNDERWRITERS Mich. Organized in May, 1915. The officers elected were: President, Ben Whipple; vice-presidents, Harry Haight and H. H. Darby; secretary, R. H. Hackney; treasurer, W. Allen.

FLITCRAFT, ALLEN J., life insurance author and publisher, was born at Woodstown, N. J., May 14, 1854, of Quaker parentage. He was educated at Bacon Academy, the Friends' School at Woodstown, and began teaching school when seventeen years of age. He continued in this vocation until 1878, when he became agent for the Provident Life and Trust Company at the home office in Philadelphia. In 1882 he established the Chicago branch of the company as Illinois general agent. He has published a number of works on life insurance. The Vade Mecum" is issued January 1 annually; the "Life Insurance Manual" has been issued annually since 1888; the Life Insurance Courant has, since August, 1895, been published on the first Thursday of each month; Dividends and Net Cost of Insurance is annually issued on the first day of June.

FLORIDA ASSOCIATION OF LIFE UNDERWRITERS was organized in February 1912. The officers elected were: President, R. Jetter Jones; vice-presidents, B. S. Williams and Frank E. Broadnux; secretary and treasurer, R. A. Ellis. The present officers, elected in February, 1915, are: President, S. G. Turnbull; vice-president, O. A. Ayala; second vice-president, J. D. Jordan; secretary and treasurer, Walter Platt, Tampa; executive committee, A. C. Harllee, R. A. Ellis, L. L. Lowry, James A. McKay, P. E. Richardson, F. B. Jones, H. H. Thompson, and the president, ex-officio.

FLORIDA, INSURANCE SUPERVISION IN, 1873-1915. The laws of Florida designate the state treasurer, comptroller, and attorney-general, who are elected by the people, for four years, as the board of insurance commissioners. No extra compensation is allowed, except a fee of $5 to the state treasurer for the license issued to each insurance company authorized to transact business in the

state.

John C. Luning is the present state treasurer.

FLORIDA LIFE INSURANCE COMPANY, Jacksonville, Fla. Organized 1906; capital, $239,900. The company reinsured in April, 1915, and retired.

FLYNN, BENEDICT DEVINE, assistant secretary of the Travelers Insurance Company, Hartford, was born in Hartford, July 6, 1880, and received his education in the public schools, and at Trin

338

FOREIGN INSURANCE COMPANIES

ity College. On leaving college he entered the service of The Travelers, and was appointed assistant actuary in 1907, and actuary of the casualty department in 1911. He was elected to his present position in January, 1913. In June, 1913, he received the honorary degree of Master of Arts from Trinity College. He is a Fellow of the Actuarial Society of America, a Fellow of the Casualty Actuarial and Statistical Society of America, and a member of the Institute of Actuaries of Great Britain.

FLY-WHEEL INSURANCE. This form of insurance is written by only a few companies, and covers all direct loss or damage to property, as well as loss of life or bodily injuries to any person, and may be extended to cover loss of total profits or income due to total or partial destruction of premises or plant, as a result of the explosion, bursting, or breaking of any fly-wheel or other wheel. The following is a statement of the business in 1914:

FOREIGN BUSINESS OF AMERICAN LIFE INSURANCE COMPANIES. The following is a statement of business transacted in foreign countries in 1914 by life insurance companies of the United States reported to the Cyclopedia of Insurance:

FOREIGN INSURANCE COMPANIES - RECEIPTS FROM AND REMITTANCES TO HOME OFFICES IN 1914. [See Receipts from and Remittances to Home Offices of Foreign Insurance Companies.]

FOREST CITY LIFE INSURANCE COMPANY, Rockford Ill. Organized 1911; capital, $100,000. Theo V. Engstrom, president; Arthur D. Warner, vice-president and actuary; Geo. W. Brearley, secretary; William H. Keig, treasurer.

FORREST, ALFRED EDGAR, vice-president and secretary of the North American Accident Insurance Company, Chicago, was born in Northumberland county, Can., April 22, 1863, of Scotch and English parentage. He received a common and high school education. His boyhood days were spent on a farm, and at the age of twenty he entered the insurance business. He is the author of the present Casualty Law of Illinois, passed in 1899, organized the North American Accident Insurance Company of Chicago, and is also a member of the executive committees of the International Association of Accident Underwriters and of the Detroit Conference.

FORSYTH, ROBERT B., State Auditor of Wyoming and ex officio insurance commissioner, Cheyenne, Wyoming, is of Scotch descent, and was born at Newburg, Ontario, Can., May 12, 1874. He was educated in the public schools, and acquired a varied business experience as a telegraph operator, bookkeeper, and merchant. He has been treasurer of Town Rock Springs, Wyoming, and mayor and state senator from Sweetwater county, and was elected to his present position in 1911.

FORT DODGE LIFE UNDERWRITERS' ASSOCIATION, Fort Dodge, Ia. The association was organized in 1913 and officers were elected as follows: President, Burton H. Saxton, Connecticut Mutual; vice-president, J. H. Bream, Phoenix Mutual; secretary, M. V. Keith, Register Life; treasurer, D. P. Smith, Central Life. The present officers, elected in January, 1915, are: President, M. V. Keith, Register Life; vice-president, D. P. Smith; secretary, Burton H. Saxton; treasurer, C. A. Peterson.

FORT WORTH LIFE INSURANCE COMPANY, Fort Worth, Tex. Organized 1906; capital, $105,700. N. H. Lassiter, president; W. G. Newby, vice-president; Dr. J. W. Irion, vice-president and medical director; P. V. Montgomery, secretary and actuary; B. F. Myers, agency director; J. T. Pemberton, treasurer.

FOSTER, ALFRED DWIGHT, president of the New England Mutual Life Insurance Company, was born at Worcester, Mass., April 27, 1852, was graduated from Harvard University in 1873, and from the law school of the Boston University in 1875. He practiced law at Boston and acted as counsel for the New England Mutual Life until January, 1893, when he was elected vice-president. He was elected president in 1908.

FOUSE, L. G., former president of the Fidelity Mutual Life Insurance Company of Philadelphia. [See Death Roll.]

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FRATERNAL BENEFICIARY ORDERS

FOWLER, EDGAR_C., superintendent of agencies of the State Mutual Life Assurance Company, Worcester, Mass., began his business career in life insurance, and after receiving a public school education accepted a position in the office of the Hartford Life Insurance Company in 1889. He was born in Hartford, Conn., April 16, 1873. The field offering larger opportunity to him than office work he became a solicitor in 1895, and in 1899 he entered the service of the Connecticut General Life Insurance Company as home office special agent. Four years later the company appointed him general agent for Western New York with headquarters at Buffalo. He has been an officer of the Buffalo Association of Life Underwriters and active in its affairs, and was also a member of the committee representing the Life Underwriters' Associations of New York state before the Armstrong investigating committee. He was elected to his present position in November, 1908.

FRANKEL, LEE K., sixth vice-president of the Metropolitan Life Insurance Company, was born in Philadelphia, Pa., August 13, 1867. He was educated in the public schools and Rugby Academy, and the University of Pennsylvania, from which he graduated in 1887, and engaged in the practice of chemistry. He was appointed manager of the industrial department of Metropolitan Life in 1909, and elected assistant secretary in March, 1910. He was a member of the commission on teachers' salaries, New York City; manager of the United Hebrew Charities, and was appointed by the Russell Sage Foundation to study workingmen's insurance in Europe.

FRANKFORT GENERAL INSURANCE COMPANY of Frankfort-on-the-Main, Germany, formerly the Frankfort Marine Accident and Plate Glass. Name changed in 1912. C. H. Franklin, United States manager, New York.

FRANKLIN LIFE INSURANCE COMPANY, Springfield, Ill. Organized 1884; capital, $100,000. George B. Stadden, president; H. M. Merriam and J. O. Humphrey, vice-presidents; Henry Abels, secretary; William Taylor, assistant secretary; Edgar S. Barnes, treasurer; A. G. Portch, actuary.

FRATERNAL BENEFICIARY ORDERS. [For a description of their general plans and purposes see CYCLOPEDIA OF INSURANCE for 1897-98.] These organizations are in theory formed and carried on for the sole benefit of their members and their beneficiaries, and not for profit. They have a lodge system, with ritualistic work and representative form of government. They make provision for payment of benefits in case of death by assessments or dues collected from their members. Some also provide for the payment of benefits in case of sickness, or temporary physical disability as a result either of disease, accident, or old age.

The principle of co-operation is the coner-stone of these organizations. In its simplest expression it involved the collection on the death of a member of a uniform sum from each of the survivors,