New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1853-06-29

ordinary roguery II viii continue 10 do 50 uati the
Pres and the Schools have made the subject under
stood BY the mass Of the people The common arith-
netc does sOt quite reach TO the depth Of :" David
Jones" and the doctrine Of Life Contingencies. II
falls short however, by less than the thickness Of
sheep .kin and might easily be extended so as see
through The friends Of popular education ought to
look 10 this As to the Press Life Insurance ought 20
bsye its organ, 4 such thing could be, and not be
put out Of tune by Life Insurance advertising In de-
fault Of this the independent Press where exists,
should take special pains to popularize the subject
The paper which, so far as we know, nos makes the
largest show IS Life Insurance Orgsn," i: The MOa,i
10 Insurance JoEraal published by Harvey Tuckett OF
Philadelphia, who describes himself as consulting
"actuary" His plan obviously is 70 consult the in
tercss Of those companies that advertise in his sheet
and insult tie In bis last number he undertakes
what be ca lis DirarioatiOH of the Accounts Of the
Connecticut Mutual of Hartford BY averages, per
cent. Carlisle Tables, for Surrender" This Com
rany does not advertise with Mr. Tgckett and hence,
probably the divaricaiion which results in showing
Il 10 he bankrupt for more than million Of dollars
The dirarcaiing process proceeds thus Mr. Tuckett
ssumes that the policies Of the Connec icut Company
which has JUST pettd lis sersHh year hsve had an
average duration of four years and month or 20
use his peculiar grammar, each policy averages that
particular duration And having also assumed the
average age AZ the time Of efecting the policies 10 be
% years be finds the whole liability on them 20 be
Sl79O752 which, added 70 the dividends declared
end not paid. amounts about million and quarter
more than he assets Of the Company last July. Ia
applying the same process to the Mutual BENEFIT OF
New jersey and the Mutual Life, OF NeE-lork, the
profound Mr. Tnckett the average duration OF
tie policies to be precisely the same, four years all
enc month though one Of the Companies has comPet-
ed the eighth and the other the zenith year OF s age
As might be expected, be makes out the ten year old
Company little than solvent aud the eight year
old q little less There is one animal which has an in
proscrptable right, from its name 70 assume what II
psases ard perhaps this Mr. Tuckett belongs TO that
species We only refer to him and his journal to show
into what bands the public education in regard TO Life
Insurance ia at present committed, and to ask the
many respectable gentlemen who allow their names 20
be paraded as Life Insurance Directors, whether they
suppose their audsbe object be promoted by en-
couragug such unmitigsted humbug willie they with
hold honest arithmetic and Thorough statistics. Why
not gentlemen, let US know each year the exact az
cregate Of the values Of all your policies estimates ac'
coIdirg to the standard rate Of mortality at some
specified rate Of interest well your receipts as
sets and expenses This will save you from black
mail actuaTies and perhaps worse evils