, 1870-04-12

o4ess unadected, but 1t ia proclsoly thoso
.a nnien - TtA ptsiah under 80 imperfect meAs-
ule. Ina Dad o@ces, the oifce1. which offer
enIf11. Io9n "a tesrns and high commission, Anl
sa. pau.an ny i9snsthy professions Of dis1totested-
nss9s Auo maKo Investments in cr5t1A COM
kies 10y compete with government; but
ua Eooo Offices, with mathematical rAtea and
emxn commission, and tradition OF sAfe in-
xeaiments, NH bo driven out Of their best deld,
tIe +I.7a Insurers rho can afford a small loss Per 40
their f.,aa tues esn obtain alsolata security for
s.sn s.sn aal3uee. They will pay government
a,;t even aoub!e rates; Just as they now purchase
s. Gonsom aaa 5le!clng ~ Per cent whom they might
~ u; icso secufe Investments obtain G. TLsy
~ ~ AetMn every nerve 10 obtain cer,,;nty, aud
tn5 H. H. % aided BY The deter mination Of pa-
take the form Of insuranoes, sbsIl fmniy insrr.
ences u unuar government suaran,ne The fn7non.
dlate and direct effect Of The ChsncniaIs NM.
posA would be to divide the business Of iusur-
aon5. LIZ oesnGGn ne treasury and class Of COM
saaheet employment Of tho money thew reeeivc'
Nevertheless, the psopoaaI ia .rost
tinpo1t4nt Aud suggestive ono. II shnwn
that the Chancellor Of tho Excheouer IL
10y N AZ u s1sea = 1yerse to Protecting the wick
and it VIII compel many mon to consider the
fAT greater question whether the nriucinIe
boldly and wisely worked might not ofYer
substitute for all existing echemas Of direct
4Atoa- ooPposa Lae government to he tls
sole tsaueT, and al persons liable to ths in-
come tax 70 b compelled to take ont an IN
sasanee adequate e theis income, what would |
De me result That the State would fix !
'ates leEring the profit required, rates which
~: n anae & Of war might be for the emergency,
I 'eei ,hat E 9f bis ,,,emant @eoms-ta1 payer would
ng the State, hslped to secure lie
uture comfort and position OF Ha own family
Y heirs that tho eense now 20 prevalent nr
he taxes being all pure loss would tenl to I,;s-
ppeA. l. 1t possible to doubt that such = !
method Of taxahon, With the epcouragarnent
6o1ld give 70 thrift, with tho approynI II
Fuald receive from al wonlon. and Tith Tho
enae OF security it would develop in ali houee-
olds, would gradually bccona ponn1ar tin
laEn after class demanded Admission info Tho
che1ne; and re should at last he able to mako
It a substitute for the Poor law. e1tipauisl-
q that great evil and unionism, and the fear
~ Starvation al together, binding the whole
at,on,r, as,on into ;o.o,, he great corporation
I'd getting rid forever Of the notion whi:hh
~ !. nouona most Arrests modern prpgross,
~ the state or body Of the people Is in sons
aAno"n way 4ntagonintic to classes and intii-
uaAnr Il Hta % stid that such scheme is |
~ egc!AE ~ out It is no moro socialist than the
pet 0face annuity scheme now in fali work
aile il i fzr less i" socialist that tbe pnn7
y, which gives every man Legal sioht IN
ne1t Whether ho works or not. Thst mot
q tactical plan for tho mnnent-that ;s ma !
ltan any FoyernEncnt ia likely today To- en-
~ u ptl-may be admitted: lnt crcrv :
w o.ement u the State tends towards som1
Al, and Nj: Lowe, in lis uoderata snc9aa
u, accepts the immodcrake prinr;t,i,, ee97 :