, 1875-03-15
TIIE3 PROTECTION PLAN,
Isotl, Stdca Of tiie Controversy.

Nn. sIfurELDr ON THE PROTECTION I;Yr 1sHrn-
- ASrE COMPANY.
To th' Edtor n The CAfeayo Tribune.
CurcAaot 5fazcl t2.-If 1fr. Shufcllt. who
wrose You yesterday Oh tho Protection Life Iu-
auFance. knows Of any gross frauds connected
with that "syatem " Of ltfo insurance. why does
Ae not at onca expose thom, and not wait for an
invitation 10 do II, in order to affect pcutlipr
legislation Such an exposition would DO val
uable to tho public at any time, and would tend
TO pit people on their Euard agninst imposition.
VIC are 30 mich ilaposod upon from erery yiJn
tna1 "e ought 10 welcome every effort mado
70 ehaolo III to aeo things AZ they
are. Tho Inference Of Mr. s1ufelita note seems
to bc aimed at tho rrotoction Lifo INSURANCE.
Company, Of this city, which haa for its sup-
portere EoIno OF our most respectable and hon
oraelo citizens. That Company has not y],t,,n]s
from any investigation or discussion of thu !" .yt-
TEN on which 1t does buhincaa. II II cou,,nits
a,,y frauds In doing itH bueincss, tllcn nlt copd
citizens wsia thank Mr. SLufetlt for e1posin::
them. aud nmoug tho most thankful will be- ths
really respectable people ~4o are connected with
iu ii. -
II the legislation now psndug at Springfield
II desIShcu 10 Slut out any Legitimate business
from sEo State. it may DO very foolia,. al great
doal OF legislation IL. AMI should be orpoYci IN
tho true ground Of ita folly. Should it 10 tLe
occasion of attacking another syateu, Of le:,ti-
laws7 S
Now the "sy.sem" may bo regarded as 4 5soul
itself; and that Ii what tho oEpouenta OF tho
System woutd lilo 10 have Inferred. And tLo
"sSatem" may DO correct and honest, and tic
!rauGn mar be only Bnch as ara connected with
it: II ths is so, then It is like auy other bust
disconnected from it. II 9lr schufedt viii aid
III thls he will do q good service to his fellow
tneu.
II mutual protection in life insurance neces-
aa.agonlsta between stock compauiea or combI-
nAtiona to make Honuy ont of any kind o! busi-
nesn md tile opp.Hto system Of co-operation
ps22tee'ou ps2 si,5 OF mutual liability, And we have
companies, both on life and frc HAicl1 have nl
Ways been subject to hard competition from the
stock companies who make money out OF iii.
buainesa. II = life inhuranco company can make
money by insur1.,E 5000 Ayes At i certain rate.
and pay tie e1penHen of Advertising, ofIca, md
ptleesn, why cannot the satno 5, ,090 ssvo money
BY mutually insuring themselves 3? 1fn ia found
that from the foes collected from these ZOO
insured that only oue-iiith is actually expended
in.paying tue deata ios.es, lous-tftia 20 to keen
up the expense OF running the aystem and nav
tnE divdends, then may it not be tnle rcd that
Legitimate insurance is 10 expensive that It very
properly invites protecttonf Il the nyhtcm i
Dad enc that aims 10 have life INSURANCE ut cost.
any more than the buying Of goods ut coss IL
necessarily ono that has ''g1uss frauds " ron
nectc1 With It? Here are sotpo points on which
Mr. shufe3dt will do tue public some seryico by
explaining. Let us know why IL IL that Inunri,,;,
lives at i've tilncs tho coHt ID no fraud while il,
q combination 10 get that insur4uco At actual
cost ia 4 lraud7 L.
-
THE PROTECTION PLAN or LITE INSURANCE.
To the Rdaor a The chttdyo Tribune:
CHICAGO, March l3.-The aforementioned
uetbou of transact,no t,s bua;n,.a ~ t;f, T..
.u-..,. .es..:-.I,. ."~ VI ,'io 'a'
"Aa eonso.'oo ~ eA4 Ano ootn IN ln'qhi-
~. 1t1s fraud from beginning 10 ond ; 3 fraud
on tho public, Oh tho policy holders, aud On tia
City Of ChIcago, OsteusiLly hollinu ant n ia
n,trona. nrov,,,,n .r.,n,t do,,,, H., ,..s,
s..s:as.., ~. eeo' "sa'4'' ~ "0tua4
eona'pa''o"e' tns toHpan! Only act1ng ~ tie
collector anu distributor Of tho losses. At tho
nominal expense Of doing tho work, 1t has boen
turned into an cnp;na ~ r.tort,on mi , ,,.t
mach,na for nn,tinr moncv into tn. no.ls,.s s -.
~. Aso ~, pusHns .aSn'S INV ene locketH Oh
ns organizers and engineers. Tbs do.
tails Of tho method BY which this re-
sult is achieved ue too numerous 70,
= newspaper article, but All idea NAV
DO Rivon Of ouch parts Of the plan as viii
induce poleI-holders aud polIc5-tskesn to think
twlco before thoy pay any r,ouey Into thia mae,-
strosn. policy.holders understand TINT when |
death occurs tbs loss u assessed upon all OF !