New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1853-03-28
BOSTON.
u.o.ae ruuuel-sfaipe Law-Life Iusurasce
III N


Since the settlement Of the Constitutionai
Convention question there has been lull Of politics
and there little 10 talk Of but the tightness OF money
and the Hoosac Tunnel The former VIII probably be
,~uporary bu. the latter nearly eternal What the IN
contaminated Yankees determine 70 have Is not 70
be snstebed from them by envious time Perseverance
never fals First the general court will be bored TOR the
two millions and az that barely Il, for the most part
so.ter than the clay slate of the Hoosac will not take
more III an half dozen years 70 complete that tunnel
The Committee sent 10 view the mammoth locomotive
ssser 10 thought 10 be thoroughly perforated With
svo millions from the Stste-eure 70 come at last and
therefore Ii might well lste-locs In
teress viii hl up the rest and we shall then soon see
The hole walking through the mountain. This Will be
an era in railway construction. Prom careful exam
nation Of the experimental machine, now on trial
feel no doubt that money with the knowledge acquired
BY this experiment will get upa perorator that will
effect ell that can be desired hole through solid
rock being very desirable when made, the road
shst escapes high grades by 1t has an almost ncalcua
BE advantage in the long run, over one which climbs
the mountain.
When last wrote the Maine Law" the
carpet The public hearing before the Joint Commit
tee of the two Houses was concluded last Thursday
by an argument from Rev John Pierpont behalf of
the 1900 remonstrants against the repeal He con-
sned himseh chiefly TO the defensive against the points
indorsed by Rev Mr. Lovejoy, and was supposed by
most who heard him, believe 10 have done his work
thoroughly. In parts Of bis argument be was ex
seedingly eloquent. Mr. Loveoy had heedlessly con-
tended that the advocate Of the Law falsely assumed
that the chief responsibility and guilt Of making drunk
srds lay the drunkards themselves and not on the
TumseIer. And be soon went the length Of denying
that man. who in his regular business sold intOxicat
ing drinks to sober people guilty at all of any bad
use they might make Of them. theory Of moral re-
sponsbihty utterly unchmerical was readily shiv-
cred to spners by the electric bolts of Perpont and
even poor Lovejoy himself, who Eat hard by him,
sesmed amazed at himself that he should have entirely
forgotten tie spiritual element OF human nature in his
real for rum liberty With keen analy sis the
bic poet demonstrated that the empter who destroys
the good purposes of his neighbor docs greater mis-
chief than the robber who knocks him the head and
rifles his pockets lie illustrated by reference to the
old SerpentaDd mother Eve Was Satan any less gull
ty because the woman took the apple voluntarily than
be would have been IT, assuming the shape Of an ana.
conda he had bound her TO the and thrust the apple
down her throat But the principle that the guilt OF
the tempter is greater than that Of the tempted,
said Mr.. has been fully recognized already in our
Statute book The keeper ola house fill fameis fined
tl00 the fornicator $40; the keeper ofa gambinghe
IL fned $780, and the gambler caught 10 the den S3O
being assumed by these statutes that the tempter in
these causes from the superior knowledge and less
gent temptation under which he acts, Ia course which
lis conscious will corrupt society is ten times as guilty
a. the victim OF bis temptation. After this hearing
cannot believe that the Committee will report for the
repeal Of the Law.
Mr.. Park, the County Attorney, at the close of the
hearing suggested 10 the committee the valuable hint
sh~ssh HI II, 10. ,1aI eocfvo he
shall power enter and seize the utensils OF the trade
--toddy sticks, decaners and tumblers, and that the
alcoholic sugar In the bottom of the tumbler, &C.,
should be good enough evidence 10 convict This
would make the law correspond with that against
gambling, and with our present welldisposed prose
cutting officer. IL would become q real terror 10
manufacturers OF paupersm, theft and murder.
Among those curosities OF Legislation TO be found at
cur atcHouse Is law passed last year to regulate
Foreign Life Insurance Offices. Both foreign and do
mestc Offices sufficiently need looking after and per
hsps about equally but this law was probably got up
by the latter to hinder the operations ofthe former Its
aim s call returns which shall thoroughly expose
the condition Of the Companies chartered in other
States that have Office herean aim which Is worthy
70 embrace all Offices Surely If there is any institution
in the world which should be called upon to keep the
public advised of Its proceedings and condition it
eaies have entrusted all the provision they able
TO make for their widows and orphans in of death
Yet how reluctant these institutions generally to
make Ineligible statement They publish the
amounts Of their risks their annual receipts their
SETS but who knows whether their funds In hand
what they ought TO be- according any reliable rate OF
mortality that the Company will not at last turn out
bankrupt after paying its Losses they become due for
fifteen twenty yesrsa The law requires return Of
the aggregate present value of the existing policies.
which being compared with the assets will test the
present solvency Of the Company. 1t also requires re-
turn Of the present value TO the Company Of the fu
ture premiums which 1t may by the tables ex'
pect to receive on existing policies This require
ment obviously superfuous FOR after having severed
q cord what occasion have you to show oaeAaV
Of the scissors with which you did IT. The net value
Of policy at any given time Is the exact measure &C
cordng to certain law OF mortality and certain rate
Of interest of the liability of the company to thchoder
at that time II the company at his request pays hin,
that value and the policy, 1t discharges It's
equitable obligation If it able to do by all ts pol
icyholders square with Its obligations or solvent
the time, and may hope by adequate annual premiums
10 continue 90. Now the value Of policy may DO
found by subtrscng from the present value Of the
Issued the present value Of the holders chance by
the tables Of receiving it, or in other words from the
single premium which at his present age will cost
to insure his life 20 that amount, the present value Of
the annual premiums which the companys yet to re-
ceive from him. according to the same rate Of NOR.
tAty and same rse Of interest srst taking Of from
both premiums whatever may be chsnged above the
requirement Of the rate of mortality to the ex.
penses Of management The law calls 6rst for the
aiad~ resH Of the operation and then for the ssb
raAenl, but says nothing Of the m,si@s1! Besides
.hs the law asks for distinction between life aud
term policies, and does not specify by what law Of
mortality" by what rate OF interest the values shall
be computed About businesslike this as TO per
init these foreign companies to use in making out the
value Of their socumustions the pebbles of the sea
shore for weights and the clam shels thereof for
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