The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1873-02-22
REPLY BV nR. WHITE.
HARTFORD. Dec. 30, 1872

HARTFORD. Dec. 80. 1872.
IT, The Editor Of The Courant
In reply to the above communication
there will not be much TO say, tor the
merits or demerits Of the plan OF lnsu'
rance advocated by Prot Wright dc
not seem TO have any connection with
the subject OF reduced rates as proposed
by the Mutual Life company. In the
communication of the l4rh inst. quot
ed 10y Prot Wright, sllusIon was ma ie
to bis plan, because "nn large classes
OF policies It does not provide Tor any
thing like the amount OF expenses
which is FURNISHED by the new rates oi
the Mutusl Life II it had sad vns,
in effect ia exactly the same thing, that
Mr.. Wright prrminm, on the savings
bank plan were less than those propos'
ed ION certain policies to be charged
by the Mutual Life, it lie not likely that
be would have lound peg upon which
to hang his advocacy OF his plan The
sufficlency or the insufficiency OF the
reduced rates was the question. and the
rate of expense was not at all under
consideration, a. will be shown further
on. frat. however. il IL proper to
make defense against the charges oi
cls;med Misrepresentation Of Professor
Wright
In the opening OF bic article he
quotes what IA said OF biz table HIS
savings bank premiums include endow-
ment premiums. for policies PAYABLE
al 80 As aud 40 on, at intervsls Of dive
years, up to Is years OF age. or sooner,
in case Of death His margin Tor eI-
penses is less than ten per cent. OF the
net premiums 10 the following cases :
Policies payable at the age OF forty, and
running from ten to twenty years from
their date: payable at forty-tive. and
running from ten TO nineteen years ;
payable at fifty, and running from ten
to twenty years; payable al 6ity-hve
and running from ten to sevrnteep
years; at sixty, and from ten TO fifteen
years; at sixty five, and from ten 10
thirteen years; at seventy, and for ten
and eleven years. Here are fly two
premiums in which less than ten per
cent. is added to the net premium for
expenses 10 several cases the addition
is less than Eve per cent II would
seem, therefore, that there wss ustlh
cation in the words which Professor
Wright quotes, and that they contain
nothing o. personal injustice 70 him
With Professor Wr;gbts confession
this communication has nothing 10 do.
He tells bis own story, aud a. it 10 his
custom, with great clesrness, and withsl
q witty manner that must take out the
sting" in the telling, and much enlivep
the reading
It ia not known What particular
meaning attaches to the word urged.
10 Professor Wrights mind, butit would
seem that 1t WAS correct 10 state that
the professor "haS urged his savings
back plan upon the companies. He
admits thls much, viz: II hav. urged
the calling Of such convention upon
several companies Nth all my might
To be sure that Convention WAS 10 con-
slider Professor Wrights plan. or any
other which would secure the same
results, but the profess has frankly
said in q personal letter referring TO the
objects sought 10 be obtained by this
plap, 81 have been con essiug for two
years that have gone back on myscf
and heen driven 70 DO it, by arithmetic,
which is stronger than | or any other
man II you can buy. borrow. or
create soy arithmetic which will relieve
nv distress, ! shall be extremely CRATE.
fol 10 you" Now, If the professor has
worked tor two years TO find . solution
OF what he considers 0 dilemma, and
has tailed TO 6nd auy but bis savings
bank plan, it 10 fair To assume that %
far a. ku urging any plan upon Q con-
ventioD, or upon the csmpanies goes. k
must urge that plan. He cannot urge
another, tor be does not know of any,
aud surely, believing 10 that sc be does,
he is fully justified in urging upon the
companies, and would perhaps be neg
ligent in bis duty il he drd not,
1t isquite likely that the professor
NAV not have been told BY some OF the
companies TO whom be has presented
bis plan, tha, they could not see IL for
the reason which uas stated, e.. be-
cause it hss 60 very little margin Tor
expense" ou large classes OF policies,
but that this is the main reason there
IL no doubt. There are Others which
might be given. but it 10 not IN th1
province 10 this letter to discuss them
This brings TO consideration uhs, the
professor calls q "lIbellous uttersncs
against the proposed system OF saving
baok life insurance Certainly the
article to which Professor Wright OBJ
jecls did not make any such kind OF
'uuersuce" against that plan, but il
only gtated what is elsewhere proved,
10 regard TO It's premiums, and that 10
the extent OF the libel, il such il 10.
Possibly Professor Wright thinks
that 10 connection with reerencs 70 bis
plan it should nave been stated how
mmissions we're pad upon its premi.
ums. But the utmost frsnknefs OF
statement could not call Tor this Pro-
fessor Wright had signed the following
statemept we are unbesitatiDgiy OF
opinion that the reduction Of premiums,
a. proposed BY the Mutual Lite lnsur-
aoce company. is unwiss. deficient 10
security, -. and deserving our
unqualified disapprovsl."
Nov. il Professor Wright couh Be
shower TO have advocated the adoption
Of premiums less or not more than those
which the Mutual Lille proPossd 70