New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1845-11-21
From the Eastern Argus, Portland.
Life Iraurapce-No. ..

Life Insurapce-No. ,.
OBJECTIONS ASswERED.-Thc advantages OF
Life Insurance being admitted, ard the corres-
pondent duties of all who have the means OF lnsu-
! ring themselves, without encroachlng upon what
they need from day day, let as now see what are
the objections welfounded or otherwise most IRE
! gently urged, when party attention Is called 70
the subject
LIST. have no time 10 look into the matter no.r-
no time 10 think of i'll too busy or like the
| plan very much-for every body but myself; or II
is capital thing for the RICH, they have only 10
look about them, to see the insecurity OF riches ara
heyc spare the money-or it is capital thing Tor
the POOR who, not being able 10 invest their small
savings other stocks, must either lose their inter
est in trying the principal, or their principal
in irving to their interest. shall use my In.
| iuence in persuadirg others-but have no idea OF
insurnC myself.
In other words. TO him who seeks TO stay them
for one moment in the hcadong career of life, by
saying, Stop for one moment. and provide tor your
little ones, aud their mother. Stop, and put by
something for yourself, in old or sickncss-want
Of sorrow! Sop, long enough to set your house
in order and to prepare, like man OF common
sense. for what must haPpcn-thc answer is, 90
thu rag for this time, when Ihare more conUen.
rent season ,riN send for thee-or, am too well
of 10 think of such matters: what are htty or
hundred dollars year to me- IN my large basil
ness Tor even two or three hundred put aside tor
old age or funded for the Of my wife and chill
dren, after am out of the way How do know
they will outlive me Or, am too poor, living
only from hand TO mouth and how can | spare so
cents or dollar week now, for the help OF others
even my own flesh and bood-hereatler? That
il eaciheus human life, encourages forethouSht aud
q wise economy. provides for the aged and help
iesa-the widow, aud the orphan, without burden
ing the community We believe and acknowledge.
But how does that concern US Good morning.
we are very busy.
lahn ipfF
and ,oing for Is il not that you may have some
thing certain for sickness, or old age Something
beyond the reach OF chance and change, for your
wife and children, after your death Something
that will be to keep them together-and OUT oil
the work house Too busy to stop? Why what
if stranger should throw himselfin your way, with
uplifted hands. while you were chatierlng Tor
house farm and say to you, Sir if yon will pay me
twenty five, or fifty, hundred dollars year ac-
cordng to your age, and the worth OF the property
you are bargaining for while you i've the house or
farm shall belong 10 your vile and children at your
death. happen tchen II mGy, even II you die 10 NOR
rowland here are the title deeds Would you not
stop long enough TO hear him through Ito satisfy
Yourself about the title and about the value OF that
house farm Ito count up the cost II you should
live to a good old age Ito reckon the interest
on wha, YOU were called upon TO pay year by year
long enough In WORD 10 feel Justlneu, hereafter,
in refusing the otferl
Now, observe-ihis is The old system OF Life In.
surance man might live so long, that he would
have TO pay out, reckoning the yearly premium at
compound interest as he ought more than his iaml-
ly would receive al his death. And them ne had 10
die to get has money. No matter how much he or
;hey might need it, not n penny could they touch,
till he was out Of the way There was no provision
for mother or children against creditors Alter
long life of household thrift industry and sell denial
on the death Of wronged, helpless, or bankrupt
husband who had lost or wasted all she brought
him in marriage, and all her savings and earnings
after marriage the mother and her babes had to go
begging to the Probate Judge, or Orphans Court
for enough to keep them out of the work-house, tor
n few months at iarthest. And worse yet, II worse
there could be- under the old system, there were so
many causes Of forfeiture that very few indeed were
they who, being able, had the heart TO insure; while
10 the mass who most needed life insurance tor a
refuge the high rates of premium. and the exceed
ing difficulty of paying yearly and oil at once on
q given day, were an impossible barrier
And now suppose that stranger should say Not
only shall your family have that house or iarm al
your death, die when you may. but will pay the
insurance and taxes and keep In good condition nj
my own charge-and you shall have share OF the
rent, as you go along-or you may leave that snare
10 accumulate, year by year, 80 that the longer you
live the more you will get-and II you should want
the whole 10 your old age, viii buy you out prln
cipa and interest, the full market value OF the
property-nay. if you unable TO pay the premi-
UNI will lend you the money TO pay II WITH on the
security of these very papers and nothing more,
and if you want money to pay OF mortgage, to cd
ucae child, or TO set him up in business, or 10 mar
ry off a daug hter, I viii lend you two;thirds the
value of your account withme at any time after the
first year in cash, the same secarity-and though
Won should be fool enough to endorse the paper of
every man that asks you-houg you should be forced
by your folly to pay other peoples debts, till you
are longer able 10 pay your own, so that yoa live
or die bankrupt and beggar. still my promise to
deeds; with certificate from the best lawyers of
the land that you are safe prorided you pay me
one fourth of the premium in cash. and give me
good security for the other threcfourths. with inter
est yearly. Would you not stop long enough 10
consider such proposition seriously as matter Of
business, at least.
Yetsuch is Tie present system Of Life Insurance.
Every existing association embodes more or less OF
all these improvements, and one at least, the Mu-
tual Benefit Life ms. Company, Walstree New
York; the whole. M
Portland, Nop. 10, 1916.