The Abbeville press and banner. [volume] (Abbeville, S.C.) 1869-1924, 1875-10-13

make SlIlSlc Dltuc vi SlihSS grow, .
create single dollar, yet the companie
get magniticently rich. Who pays tn
damages-who gets hurt2 SomebOd,
must. From their great anxiety to in
sure, from the persistence of the agents
it seems to be pretty clear that the com
paaies think they are the gamers. l
so, who is the loser? The money the.
make must come from somebody, ant
yet the insurers think they are also th'
gamers. Somebody is mistaken. VIZ
iSH!
REASONS FOR INSURANCE.
! Soon after the war, when our Southern
country was in desolation. and all The
men were in fear of being executed fol
! treason, it was most natural that ther
should be q genei III de. ire to provide fol
the widows and orphans. But that con
dition OF things, fortunately, has passcc
away. No peaceable, law abiding man
may now anticipate an untimely end
! Every industrious, economical man
/ NAV reasonably calculate upon making
an honest living for his family, and also
! pay his debts.
EVERY MAN SHOULD rAY His HONEST
DEElS.
One Of the obvious effects Of life insu
rance is to withhold the money made
| from the present support and comfort o
the country, and notably to do injustice
to creditors. Every man ought to pay
his honest debts. What right has :
man to take all his earnings and settle
! them upon his family, to be paid at
| future day, ut the eapcAsc Of his crcd
| Hors?' That q man must be just before
he is generous, is Il maxim Of morality
and law universally accepted in al
codes, and admitted by all, except LIE
insurance companies, who act upon th(
opposite doctrine of laying up for tht
future use of the family and leaving
"creditors out in the cold.'
WHAT THE GREENvILLE NEWS SAYS.
The GrecnuHlc Duiy Ncrs of the 81
inst, makes the following remarks On
the subject, which we append for the
purpose of showing that we arc moi
alone in our opinion of life insurance:
IAN INSURANCE BONE SHELL.-A
Convention of Insurance Commission.
sioners and Superintendent was helC
| in New York last week. We learn IRON
the New York papers that the harmony
of the body was umpleaSantly disturbed
II by Commissioner John \. Finch. o
Indiana, who quietly dropped the big
rest kind of a bomb shell plump into
the midst Of the body. The order o
the day was the delivery of an address
When Mr.. Finch's turn came, he made
Il compact, logical argument, INTENDED
| to show his colleagues the errors uudei
which the whole system of lite-lnsur
ance has been laboring for many year:
past. He contcnded that the contract
for life insurance is the most one-sldeo
known in business that it binds the
policy holder as with q chain of rlveteC
steel, and the company as with rope
of sand; that the companies have every
advantage of the policy holderin regart
to payments of dividends, the satisfac
ton of claims, the election of agent:
and solicitor; that the responsibility fol
contracts is shifted from solicitor to gem
eral agents to the companies, and from
the companies back again; that tht
companies "sit in q shadow Of mystery
and speak in technical phrases;' aIt
that when policy is forfeited or lapse:
from any cause, "thc holder receive:
what the company will graciously
givc.H
OPINION or THE BROOKLYN ARGUS.
Hear what the Brookly~ Ay"s says
which is very much in the same strain
| This is a stern indictment, striking a
the root Of the present system OF con
ducting the life insurance business. by
way "f remedy; Mr.. Finch proposes tn
passage of Il new general law, whicl
shall make all life policies non-forfeta
BILE after the first payment; compel the
companies to be responsible for the act:
Of accredited agents and solicitors; per.
nit no defence ut law for fraud after tho
lapse of five years, and make a contract
! between the company and holder a.
binding aS any other contract. This
proposition is sufficiently sweeping Il
stir the whole life insurance business t'
its foundations. 1t will please the grea
mass of policy holdcrs-and it will dis
please good many Of the companic:
who have figured conspicuously in thu
law in contests over claims. .
WHAT WE WILL Do NEXT WEEK.
Next week we propose to give oul
readers some interesting facts as to how
Mrs. Donald, of Williamson, was treat
ed by the Piedmont & Arlington life
insurance company, and will show how
that company took Col. Donald's money
and then withheld from his widow the
amount of S5,O)0, which was justly
due her on the policy on his life.
THE Cuban war has cost one hundred
and tifty million dollars, every cent o.
which has been collected from the citi
Zens of Cuba. There are in Cuba some
seven hundred thousand white mel
who are taxed at the rate of forty dollar!
a head, and who are now convinced o
the unpleasantness of the cause on thu
part Of Spain. They cannot longer bea
! the expenses of the war. 1t is though
if Carlism will prolong itself one yea
longer the independence of Cuba vii
surely be attained.
| ATLANTA and Augusta are squabhiin!
about their paupers. 1t seems that th'
Mayor of the city of Augusta has per
mission to give free passes over the Rail
road leading to Atlanta, and the Con
siitmioa thinks the Mayor exercises hi
right in this particular to the damage o
Atlanta by giving free passes to pauper
TO that city. Augusta tells Atlanta t.
send them on to Chattanooga, but thel
the Mayor of Atlanta hasn't the advan
tage of the free ticket business.
Mr.. A. NJ. SPElGArs, editor of tht
G,eenpiHe Nc,cs. has bought the Office
oC the GrcencWc Repubtica1, and th'
publication of the Republican, has beer
! discontinued. The Republicans in thi:
State, as q mass, don't read the papers
Our subscription list is increasing
which shows that the public appreciate
our efforts to get up an interesting pa
per. Bring along your job work ant
have it done in the best Of style at TIN
! Press and Banner office.
REV. r. y. PRATT, Oh Sunday las
at this place, in the presence of a larg'
assemblage, administered the ordinance
Of baptism to Maj. Il. M. Ga.phin ant
Miss DuseDbury.
| JEFF DAVIS said in Wisconsin thu
ot har doy. SThank VOL ladies' fO