, 1869-07-19
MONDAY, july 10, lsIa-
A BUREAU OF INSURANCE,

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~ es'A',A1s'1.n-s4' " oaAss0 W, W ~ -.
ne "ar'n' - t-'eo.S.' elA1A e,..
~ h4e 'Esu! Aaee' '4''' -. 'esto,
1he cch'lfahaes' engaged .aete1a, us SUI"
1ects so little unaefs1ood " Inc Me1c4uu4c
and farming community Rcnefa'1s tnas
department Of the Stale 1oFetn"en' 1o'-
exercising constant SURVEILLANCE over eoen-
panle> formed n thls state' ana over n'.'-
resident Companies DONG business ue.e'
greatly a.eded- 4heofsaeAAs, ~ n' Ano"a
hfnnea Oh sN.saness 'nSoA|ee 10 l'ae 10 -
capital hs LIE insurance, 80 'as Is 'ne ~
suress are concerned 40 ta't,s u .,:... 'us
;oee arc 1oondea on I-nsllsn inofSa'!ts
tas'es' and' rs ne sasts ol it'et.s, ~ "A'sn
Inc COMPANIES lofes' ,aen e.l's1a' Ae 49,
do7'''e tbese IN Ens"h'' tnes naSe st. ~
advantage N th's i'e'n u ne. ~
Ter ceht' Ane paoi1soea repoSe' " 'a'
insurance companies ~hefeses 'aes Ws
published AZ aA, soo" ~. aans.s ous s .1;s,s
ten 10 atseeo sea1s o' = oonsn .h.
enee ti4e fae1o Oh losses ~ p'ss aa.s.. 49,
yess Is neses more 'nAn oao ap'1Nt - .N'
and often on15 one oolta. ~ ~ r. 49,
1l4ut5- IN ce"'s>s11e7 ~1asn -
1of1'een1u sea.' "i.'y ene et...As 80 80.
trshed 10 ine .ns'neo 20 LEE" .. " 49,
aolla1s 1eceaseo lio'n .ne .- :.
agcfsate' sne1e4 oa - ~ .r.
1ho'N''i'uN ~ -. o,a
na'o1't n1teen In law. ~ ~ ~ ~ -
IN favor Ut the insured An1e 'a.eeN' 0..oN
less, from the fact that among the ins''1ea s"o
very large classes allow their policies 10 !un
,1't, viz, those whose caseon'aaA0ces NJ
prove 70 that u4eir policy Of Insurance be-
& ines an object Of no Importance
to hem, and they prefer 10 ihses,
or exrend their money IN o'he1 Ways 11a
those Ehose circumstances lan ~ ln'@ way ur.
ere unable 10 paE up 'oe'f lAetp ~
these heavy Ao'Ao@leea :" 'Ni
companies, tnere onsut - 20 -
Eency N WHICH tne ot's.'1a4 e'Pi'o' e011 80
even drawn "eou' tet .a "le
sources OF oa'se' .o'en4uh - I,.
hllity Eh'en can GUY o' 6"a &C.. .,,,;.
tie iofce o. q n1oie -.
opinion, ano ino'o - N e. N,1 49,.
into their huaira. ~ 'ne uss p-4 =,
average ac'a''on Atc =. ~ - .oa-- - ~ m
1ce nor lar ''o.n '"e"'' 3 ,'.,s;..sr -.
III a eoo'Fans neS 49, .5a..h r,ta
thaf pet1oa % t4.,t7 .A@ S..t;a1
'eb'ns "en ~ .t,, .-,,e;,1.s m
test - ne sounone'e " aananata5 w None
"n'eN of
~ tre te c...as has. - a,-;rad ~ tb;,
tne eni.ea s'N m -, ~ -, 49,. T;fa Irsur.
ees' i"4 49, conn,1r u,,iah began
tooe N4'o -.,, r., h.z eaasad for
uoAA1coa '' cr3 its
SEVERN ee1A' ~ ~ ,,1;r:-- 12ns
ne8lo i1'c W 40 tnht IN wind
30 fa9 aoeao :" ise lNss--i'ch Of its business
ing up inc inhu.;e!eT .5;e!eT three dollars III losses
Is p2Gs}F dollar Of premiums.
i'N;ithin Eve years the 12sh Of capital into
life insurance has amounted to Juror.
New companies have been formed in great
nu,u1sers by men who hare never mhde life
insurance a specially, and have launched
into rate of expense wholly dispr~-
portionate to any business they have 35et
Httained. The vnst excess Of rre:s'1rns
over losses, which naturally End incf'sah!5
arises from the nature of lie lnso1+neo dur
Ing i,s inst FIVE to ten yeaEs, ehd which
Should be reserved to meet the far-of accu-
.nn1ating liabilities Of the c1tnpnny, which
Will not ass7me the form Il losses under
dozen or fifteen years, 1peseaa OF oe1ns fe-