Indiana State sentinel. [volume] (Indianapolis) 1841-1853, 1847-02-25


RANCE COMPANY New YosK, published in to-day s |
paper. In addition the highly respectable Directory
who manage this institution, il has constantly incress
ing fund to meet its liabilities policies, amounting
the LIST instant S32 $50 g. the whole Of which has
been accumulated during four years from premiums and
interest on Investments On the LIST February, 1915,
being period Of five years from the time commenced
business, the funds Of the Company will probably
exceed $500 900; which dividend will then be de-
clared in favor Of each member, in proportion to the
amount Of premiums paid by him or her previously there
to- This dividend is be placed the credit OF the
assured party aud will be payable with the insured
in the event of death occurring In this way the nsu-
ton operates precisely SAvIs0s BANK at least
sevenienihs Of the amount Of premiums paid, which
inure those in whose behalf the insurance is effected
and the Of insurance reduced to its lowest possible
amount The great utility Of Life Insurance all classes
society will appear the slightest examination of its
principles and ohecs and its practical advantages must
have often occurred TO many of readers who have
healthy and robust persons struck suddenly down in
our midst, leaving helpless famies-wrvEs and Chill
DRES-without any due provision Tor their wants. In
such cases-schen afea ready assent is apt To be
rendered by the living the fact that the dead Save not
been mindful of their duty; and that il becomes every
heed in the necessities of his family. IL
would be well if lessons of prudence taught by the
occurrence Of such cases-bu in general the living APP
pear act IL they not sublec; TO the aperyadng
law of mortality. Life Insurance renders the accomplish
men Of this obect-mey provision for those depend
eforts-positirey certain; while the pecu-
MARY used for the purpose would not, amid the
usual vicstudes of human life, produce the results
by personal Thrill. and management. For instance
person 81 years of age may nsnre $50O0 exclusively
Tor the advantage Of his wife and children and for the
whole continuance of his life, annual premium Of
S237 So At that age his erpecaton Of life, according to
the best tables Of mortality, is fraction over ~ years
Now human affairs generally managed, is II poba-
BILE that any could begin a. 81 pears OF age--ihe
downhll side OF lewith capital OF S23I on, and, by
honest accumulate ia the succeeding twenty
fortune Of 5000! We take it that such favora-
bic result Is contingency rarely occurring among men
and hence insist that Life Insurance is Ear superior
mode Of accomplishing exceedingly desirable object TO
the head Of the family and not easily rendered
certain by any other means The uncertainty OF living
the full expectation OF life be considered,
well also the certainty that insurance for the whole
term Of life will the insured let death happen
when il may. The objection frequently met with,
that Life Insurance Company may prove insovent,
although based upon sound principles and good manage
ment, Is trivial whose futilty Is made manifest
daily by the persons offering il in the trusts which they
con6de both individuals and associated bodies Ii
quite certain that the chances of well con-
Quoted Companys continuity, and ability to meet its en-
gagements, more favorable than that the individual
whose we have put alphabetically, will live out the
term assigned him in the table Of expectancy On this
subject of positive certainty much insisted by those
who need the benefits of Life insurance. all may be well
assured OF thls-"DEATH Is DEAF, AND WILL HEAR NO
DENIAL"
In Hunts Merchants Magazine " for the present
month"; Of the very best journals for business men
published in New York. able writer has treated
the subject Of Mutual Life Insurance at considerable
length, and quite satisfactorily The scope Of his article
readily admits the consideration of matters which afford
me pest OF general system Oh
its aexlby, and OF the variety IN modes of application
TO the varying circumstances of life, of which IL capa
ble. He also looks the probable ultimate formation
of society the basis of Mutual Insurance; result
in opinion, rapidly tendiag TO accomplishment.
The following extracts made order to elucidate
some points Of interest," in regard to which there is re-
markabe misapprehenson the part Of many persons
when the subject is first presented to them.
"All insurance, wbateN er its kind the basis on
which il is praciiced, whether the mutual or stock
plan, whether houses, SHIPS lives, rests on the
same lawthe law OF average This law Is the result OF
science peculiar to modern times-the doctrine of
chances. Modern observation has succeeded it is be-
eved in detecting in the midst of the individual rregu
arty CT those events in life which call accidents,
PREVAIL general regularity running through and perva
ding them. Ii has been made that events earth
happen in equal numbers in equal times; that what
call chances, are, indeed chances 10 the ndlvdUa but
subject TO general law of regularity in the aggregate
Instead OF asking why events happen thus regularly may
we not rather ask, why should they not? To expect
events to happen in unequal numbers, in equal periods
OF me other things being equal, would be 10 expect
effects without While events happening,
time must pass and have TO suppose
that events would happen irregulary, than suppose
that time would pass with unequal veloces. That this
truth should have been thought of that should
have been made of until this late day, might seem
strange, did not recoect that is until this late
days that the true and proper Of society," relation
among for their mutual benefit and protection, and
not arrangement for the convenient oppression of
them has been recognized.
"Insurance, therefore, takes from all contribution
from those who will need aid well from
those who will for il is certain that will not,
that will But it is uncertain who will, and
who will demands this tribute from all 10 the
certainty of fate And precisely The moneys thus
given away by some, and those only, which supply the
fund of which the msortunes Of those whose bad
luck is that their moneys have been thrown away,
are repaired. The afflicted finds his money spent 10
purpose, and only the fortunate part with II for
nothing From this point Of view the whole beauty of
the system of insurance is Ii from this point Of
view that ii presents society union Tor mutual aid, OF
the fortunate and unfortunate where those only who
need it receive aid and those only who afford it
put TO expense Thus, while the aggregate Of human
suffering and calamity remains NEUTRALITY-SUSPICIOUS. while
the uncertainty of their visitation remains unremoved
human ingenuity and cooperation equatize the drbu
ton of tins fearful aggregate and alleviate the terors OF
this uncertainty."
"As Life Insurance. nothing need be said praise
or defence of it. The arguments for il may be stated in
few words BY the laws of nature, and by the laws of
society," man placed in relations aud under obligations
towards fellow-beings, which, but for him. would
have existed, and the consequence of which, though
easing him with his death remain to them after it,
The WIFE, the CHILD the CREDITOR and their claims
upon him, do die when he dies Life Insurance
cures surviving provision speak, for those
wing obigations-or rather, from the mis-
chance of being off prematurey, before he has him
self made such provision.
"The strange superstition about interfering with the
and DEGREES Of fate aud dsusng Providence,
needs notice. Life Insurance is guaranty against
death-no attempt TO battle ward il off, Ii is the very
opposite 1t realizes il assumes and acts upon, THE
| CERTAINTY DEATH. Indeed, when man has taken
the responsibility act for himself Ear to incur the
obligations Of to wife, and children, and creditors,
il is ill-timed apprehension of interfering with the
ways Of Providence which fears make provision for
them after death shall have disabled him. Moreover,
merely subec; to the law Of average, apart
from its bghag consequence survivors, death may be
considered fit basis of system of Insurance
i Trusting that the intrinsic importance of the subject
will be sufficient apology for the length of this article
beg make il also ample for earnest ex-
preston of the hope that ALL whose circumstances seem
require such provision for those provdenaliy CON-