Evansville daily journal. (Evansville, Ind.) 1863-1866, 1865-02-24
Bogus Insurance CompanIes.

Perhaps there never was time in
the history Of our country when the
spirit Of speculation had such absolute
control Of the people as the present.
Making mopey-in the time-honorsd
"ay-by industry and economy, Is now
discarded as old fogyism. The man who
expects to gs. rich now by hard work
and frugality is regarded as q holt, de-
serving the pity Of the shrewd and specu.
lating. Living by ones wits is the
rnle-hard work the exception. shoddy,
petroleum, cotton and whisky specula.
sions have made many immensely rich,
and made fools Of great many others.
Having no hope Of accumulating for.
tunes In legitimate way, even By such
sPeculations, not few have turned their
attention to swindling operations Of
every description, expecting TO reap a
rich harvest out OF the speculAting mania
which has possession Of the people, and
through the influence Of which th ey de-
sign robbing the ignorant and unsus-
peeting. Accordingly, we End stock
companies Of oil kinds being organized
in different parts of the country, whose
brazen agents are fitting TO and fro
through the land, persnading the people
with oily tongues-to take stock in
this and that enterprise, II they wish
TO realize immense fortunes with small
outlays and no risk OF Petroleum
Companies we have already spoken and
uttered note Of warning. Ia the same
connection we desire 10 caution the peo-
pie against bogus Insurance Companies
During the past Jear several com pa nies
have been organized in this State and
Illinois whose agents are thick a. the |
dies or locusts Of Egypt. We are satis-
led, after scrutinizing their operations,
that many Of them ara frauds upon the |
people. We have heard Of their agents
ing farm properly ~ ~ cry m nfh kfhd doa 81 sgfHs
that the farmers might dictate. In
few cases the good will and influence Of
n prominent farmer in a wealthy neigh. i
borhood have been sufficient TO obtain a
policy on his dwelling, the agent expect
ing TO get his money back By using /
the name to induce others 70 invest their I
funds in his bogus institution. We need /
hardly say TO intelligent farmers, who do, /
now and then, little thinking for them
selves, that no Insurance Company Is !
safe, or can be, that does not charge fair /
premiums on every policy they Issue.
Whenever an agent proposes to insure
property for premium far below that I
asked by old and firmly established Com.
panies, Ae may be set down at once a. the /
duly accredited agent Of swindliag
institution aud the less any honest man
has to do with him the better II mat.
ters not that be may insist that bis Cor.
pany is able to issue policies at lower
t"tN thnh Stutfo boN9A70 WY ut uOt 49, Z
sumo such fearful risks This is an old /
dodge. 1t has been the watchword Of /
every Peter Funk Insurance organiza-
ton that has heretofore robbed the peo-
pie Of their money.
We may be mistaken, but We are in
clinsd to the opinion that several com.
panies OF doubtful reliability have been
making arrangements to do business in
this part of the State within the last few
months aud established agencies We
caution the people to be on their guard
Do not insure your property in strange
and unknown company. As we said in
the outset, they are springing up, like
Jonsh's gourds, all over the country, and
they viii wither as soon. They viii pro-
tect you so long as you meet with no
losses and pay up Jour small premiums,
but when the first great loss comes they
win be found, like the nigger's bank,
subspended,'