, 1874-07-28
1NsURANpEAND TIRES.

To the Editor gf I}ts Chicago .1rf5uHs: .,
s1nt OfAtho many brilliant eSsays with which
tho Chicago Tinps has favored un since our last
great fro, probably tho articles on insurance III
tho Sunday issue Of that paper aro fully up to
the average. 1eforo tho editor has time to :ro-f
tract his statomeuts, and acknowledge that le
was mistaken. as, am told, ho sometimes docs,
ploaso allow me- to say tow words that ocour.to,
me on tho'samo subject, because 1t BtrikeB mo
TINT there may DO another side, to tho question.
have liatonod to many able argi'neht6 on tho
subject from thoge Who o'novor hadrany property
to burn up but hayo novcr had It 30 oioarly
and convincingly brought before my mind that.
we should be lnado bottor OF without insurance
companies at ALL as whom I. read those articles
this morning. Ihoy alone we're worth tho!prioe
Of tho paper: Tho substance Was, TINT, ii. tho
first place, the companies encourage incenaiag-
ism by ovorinBuranco Of property; and, second
IL dhr'es. ~
Now, the first objection aoems to mo supern-
cial, and perhaps, can mott ,:asily make
al analogy which Wonld bo just iri its
linc.. Decauso thore ara some Sensational nows-
papers that mako IT,. thoir businoss to. gossip
whatever scandal they hoar without regard TO
tors and blaat scful lives. simply to mako their
isBues spicy and sought aftcr,. and then, when
tho evil il doue, como out with tho naual apoi6.
gies and regrets, arc We to- oonciudo tint al
,newspapora arc equally desplcablo and should bo
tho bright sunshine and the highly moral and
religious Influence tint comes fro1n; such 1urn-
narioa ,as tho Sunday Timesi It can easily SEQ
that IT would not bo right to end It's .usofulnesa
Now, thoro arc likewise two solassos'' Of, In.
Burance companies and agents: One class tries
to. do what istin aceordanco with the best ruloa
of. underwriting, mover knowingly oyerlneuTas,
syoids al doubtful rleks aud persona. and con-
duatu tho business on, tito principle Of making
itprodtabo by incutring as flw losaeB lis pogs-
b1e. ',Another c1aes,is crlmsnal1Y cnra1oss takos
anything and everything TINT Offers. Aud To nny
| amount, aud rune tue CHANCES. i tho, LUCK Is
| tlro into bankruptcy, and the creditors mourn
because tho asaotB are not to be found Every
| woll-informed business man oana draw-tbo line
| for linnHalf bekwoon tho two classos. Should
No more than IN tho case Of newspaners. -,
Would the absence Of insurance prevent ftoB
t History docs not state whether Mrs. OtLoary had
her barn insured or: not, Probably not !. but
.oven If she had, tho oov That ehatteted the lang
have kicked just. aa viciously. 30 that tho non.
| e1iGtence- Of insurance companies would mol
llavo saved Tho lamp the barn. or the; City .ot
Chicago. This simply; goes to prove that cow
9.ses ,ha sgd aeSsats % VIZ g9n
| aurance. -
II tho millennium ts coming when lhsuranc.
companies withtlraw{ then Chicago ia ,nearor tht
milonn,m than any city in tho world. for it'll vnr1
certain TINT, unless tho radical reforms they asl
for are conceded very aoon, they will Witldrap
III sufficiently large numbers to nnl1o1 1t e1oeo1
.ingly unpleasant for our business mon. VI
would advise tho Times to do wl1atit oan to er:
Hnalo them to remain for a short timo nt lpult
for, until our wooden districts burn. down, ant
the city becomes flre-rfoof which will not hall
pen for several years. tAere'is'a baro poaslbllit.
that we will continue to have fires, both anhl
and great. . 80 =, PEnpn.
| onic4ao; July 2s 1874. - -