, 1869-10-29


Esvesl tttcaf tn iaiintu 10 nect maturing ciz,z1a
1ne vital Question Is DOT, can the company pay Ia
lossca 81 to.day. hut il It dun1ctcnttJ prorlu,ua
tAne data Nh!ch enables TO calculate the pyut,.
e premium R3fes ~ the meaRute ol thoaa tu1ufu
ilaban4ea- Knowing IN what oonstan.iy. .to1eas~
tpR rStto Rtven lumber Of tnau1ea Htl die, au1
sssontnx that four at tour lnd unr-hali rey esnt
inteseGt ~iu cenAmly hA fnAllsod urc. the
ts Mssatmean Of e COMPANY. W can xeisn WITH
thn company 1t my certain Tine, and soassn1ns
nhsn s,,;ef. r. ,is, reass 70 ray ~ saEe Wa can q
rbcthet that present yatus exceeds Tho present
tesontces Of the coms2ny or not r.
% Tnat taia ~ ssa1latlon as5 be nade b1 coupeseot
The asaud11g Of the company 10 whE6 he u
lnau1ed, and LII ability to meet ia otat9sttoni,
SS1ses a1a %n62a sns a.s 81 ~.
OHIO ultuols. AtssouH and CalIornia, enacted
1euleut, who has no connection With. or interest
IN, any Gsnr1nce company, and who u held In
sufficient bonds for the faithful performance Of
IN lie State vassSe1 ensltefd esefe or ZEE
where. without submitting iss anAtta 10 his IN
tpect!on. md rtcevlng h!s certificate Of authority
10 30 butl1ess, Which N only gTtn after the most
!tAph.tahlo rsootcf it2 enti1s toiveucJ md tne
perfect Rood iallh Of IT. management
.Ihe df!J.aye hfe insurance companies doing
eHslntsA IN New York State at the close OF 1868
had Issued iheir promises to roy. or policies Of
tpz1rnnce to tpe number OF s5;s94 and The az
E1egate amount Of q. 81, ,psa Gsa Live thess nj
~ I'VE companies tho noihtJ TO Meet those prom.
te%s to pa7 as they will fall dues The enormous
4 n involved adds nothing to The difficulty, hut
er1tn!ns 70 Sc Interest o. the Problem. Tne
to movements OF the central au1 a. of the
sma eAt satellite in the solar ssaien and however
mach TIC LING t. appalled, bJ the sAstneM OF The
O. It dtssater that would follow the repndiAttou
o. Inn enoEmous deot incurred 10 posIensy, the
hsens rhs a. before
seses as readily a. The present vslue OF an orlnA-
y cote OF haht. II she companies receise In AZ
baud to-day would, With the net future prsiuinna
le!vable, autnce to meet that liability. uiher
alns agnannt them. auch IS unadjnased lnsses,
Mnt rtd dIs3deods, ht0cl Anh ierpslt capital DC,
sH' il The volume Of tae.s total llaalitlrs 10 The
t-n. q si4a,2il4I I3a 49,
hu. tie soapaass ~ess posssasel, on The sl.t
itp the annual tpor,ailty tomeal:at less aud The
average rzte OF interest received fef cent higher
than the assumptions upon Nhtch their nAhtles
are estimated and present surplus Of 81 0026
there Is vide margin on tue size Of security. and
each Ole Of all the hundreds Of thousands vi fan.-
ties 10 ~hom that security = isprospeetye food and
| anything human can insplFe
hui Of Ill ththe safeguards The English law at
preselt lnoss to.hltg- There Is % such thing
lie tnAurauce companies. There Ia nothing, eren
TO con PEI publicity bat the power Of public opin.
tor, alwats t1ngafsh and slow 70 act mill aEpuset
y son E s~eep.ng cal7m!ty. 4 life compapl
| there may go On tor years, nRk1nR no estimate d
s increasing lta"iitie. no provision to meet thost
liabilities. ap1 no pobilc statement Of ita AFFAIR."
| The Albert Insurance Company went On ia tht
! way u r1h.t>nen no 70 nuch ~ on1aace Shoe
kiEce ISL From 1853 u lns6. Its hnnness wa
s1anssrted st ioss Of f2s, sos from 1865 to 1868
at loss OF r1 0lG 6Su and al this tine the fact
were studlouslJ Concealed, and the company. sub
ject to no authority hut tho will OF IT'S oficert
went On Issuing pollctea md imposing upon ih
l rfn4D RI nr11 nj "a ,1tun.