The Rutland daily globe. [volume] (Rutland, Vt.) 1873-1877, 1873-05-27
The 8utland daily Globe.
TUESDAY MORNING, MAY 81. 1873.
For the Rutland Globe.
What VIII Not DO.

WY oDJectlonS Ill pitrJ sustaining my de-
termination are as follows:
l. never knew a book as good in paper,
type and contents as represented by the
prospectus.
have tried this experiment great many
times, and never failed to find was "sold,"
when bought book by prospectus or in
other words, subscribed for book / could
not see. In this matter " caution is the pa
rent of safety" If book has merit there
is no need of giving pledge to take a de-
sirable thing, and 1 can wait tilliI see it.
2. OF all the inventions to deceive the UNI
wary, there is nothing Except Life Insu-
rance,) that comes up to the Yankee swnd-
ling invention of getting up Patent Right,
to perpetuate what to discerning mind, is
patent wrong, by selling the same to the
uninitiated or to men who think they are
sharp, who buy these patent rights trusting
and hoping to find bigger fools than them
selves! 1t would seem a rash presumption
to presume that plenty of these fools exist
in all communities, but the fact is, such
fools or purchasers do exist and when one
batch is 90 closed out" others step forward
and the cry is g still they come"
| Our laws protecting good faith purchasers
of 'paper under DUE" has been made
wicked instrument in the hands of patent
right rogues and swindlers, who have
"hunted in couples" one doing the lying
and defrauding in selling,-the other il, ly-
ing and robbing in collection of patent right
promissory notes, till people became des-
perate and in defense turned out inventors
of special defenses to this class of actions
and paper, and all defendant has to do
who is not largely troubled with conscen-
tious doubts and scruples when sued, is to
appeal to a jury and cry /" fraud and patent
| right" and the jury will find a way of es-
cape for such defendant, if he can only
make 2,inid .tdcie case, let the plaintiffs
case be as good as it may. 1t took good
many years to bring the people up to this
swearing or sticking point, but they have
come to the stand at last, and these contcn-
tons are as "when Greek meets Greek"
This patent right business has corrupted the
whole community and tainted the very air
we breath. We have countenanced this
swindling business, many thinking it to be
smart and honorable, until we have raised
multitude of rascals and let the same loose
on the community, who in turn for self.pre-
servation, have resorted to ways that are
devious and tricks that are dark, and we
have our courts filled with witnesses on
both sides who swear simply to beat.
Our new law i'll relation to patent right
promissory notes will help the honest and
good faith purchaser of these notes for full
value, but patent right rogues will still
| make trouble.
3. The great humbug Of the age, the IA
ther of all humbugs, is Life Insurance. 1t
beats all of Barnums humbugs out of sight
and hearing. Burnham's hen fever was
soothing zypher compared with it. The
Morus Multcaulis speculation was very
silky affair contrasted with it. The lumber
and land speculation of 1886 is dwarf be-
side it. "The Early Rose and No. g." are
small potatoes and few in the hill when
patent right swindles all combined, is as u
baby to full grown man when compared
with Life Insurance business.
1t has become great power in the land
and has a well appointed army of officers
and agents. 1t has some of the most costly
structures and edifices in our cities and its
officers live in costly palaces and on high
salaries paid by men whose lives are /" in
sured," who have no more knowledge of
the plan, officers, and institution than they
have Of the language of the Chckasaw In
dams. All they knew they have paid their
money and have a paper which they call
ga Policy" but concerning the policy of
their respective company, they are pro-
foundly ignorant.
Life insurance, with the insured, is dan
gerous as game to play, because man to
beat must first die, and then he and his rep.
resentative are beaten as they do not re-
ceive on an average one dollar out of every
three dollars and interest thereon paid in.
In other words the representatives of the
insured receive of the insurer less than one
dollar for every three dollars paid in, and
which, if il was managed after the manner
of banking institution they would be enti-
tied to, if my impression is correct, The
balance goes to agents, officers, &C.. &C.,
who run the institution.
1t seems to me that if people only knew
this fact they would do their own insuring
by way of "uses trusts, &c., sc.
The great argument in favor of life insu-
rance is "A man by insuring his life can
place fund at his decease at the disposal OF
his wife, children, or whom he will appoint,
beyond the reach of creditors
Or supposing reverse has happened he
can take from his earnings and income, in
prospect, and place it in some insurance
company for the benefit of his representa-
tive, &C., at his decease.
The last proposition does not smack very
strong ofhonesty and integrity, neither does
the former.
But if it is absolutely necessary that cred
itors be robbed for the benefit of individu-
ais or representatives, would it not be inf
nitely cheaper and more straightforward to
have our laws so altered and amended that
man or woman can in legal way " lay
aside money in the event of death, or d
"rainy day. and in which man can be
his own President, Secretary, Actuary, Elk
aiming Surgeon, and Board of Trustees
&C., and can any day look over the affairs
of his company to ascertain its solvency
and possibly he might wish to " go west,
and could withdraw his money, or would moi
have to die to get it.