, 1875-07-03
Tho First Accurate Exhibit Of Sound
Companies Eyer Published IN
Chicago.
A Showing Which Does Not Include a
Single Weak Concern.
ORGANIZATIONS Whose Assets Aggregate
Hundreds Of Millions Of Dollars.
The Grand Life-1nsurnncc Com.
panics Of America
THE BENEFITS or LIFE INSURANCE.
rYtrvut.ET

to tho beginning Of the soyonseonth century.
Like many othor classes Of busincsB OF anclo,ss
origin, It soonls to have been founded on the
principle Of benevolence rather than insurance.
Tile merit of being tho first to apply nathemati-
cal calculations to the valuation Of human life Is
due To one John Dc Wilt, Of Holland. but his
doctsno Of probabilities. evolved IN 1879, was
only to detarmino tie value Of life snnuiteB aud
rovorsions for tbs purpose Of hiding tue Govern
mont III raising Ioans. 1t was not till nearly
contury later that It's application to life inaur-
ancb was mado, though in 1903 society was
started iu London having some OF tho feasures
Of the modern 1ife.insurancs company, Its pri-
mary object however, Was charitable. Many
similar socictfos weso organized and thus the
subject stood, with charity as Its most conspicu-
cue feature, dowu to 1907, when DR.. liehard
Price published tho result OF lis observations,
md raised life insurance to tho dignity Of bus
tooes without dop.i7ing It OF Ito beuovoloat
! character. Price lont his personal aid 10
tho advancement OF hls Idoas, demonstrating
their praottcablsy aud earned tho title Of "the
father OF modorn life tnaurauce." Tho oxpan-
sion Of tho busiunsH in Groat Britain. aud other
~ IT, t1,o H. ~ r,arva,s of tha contnrv. -
" sa' t' n.@. 'os ~ 'Ao ~oD'|
| 1T. f1los Nv "as poshoua' 'taen" VI nenla'u1'
Franklin. Ihose mel startod tito Idrst itfe-n-
HuEAuQ6 company ~ AU0glEA ~ A4AualpulA Ill
17oo. 1ts beoofiss wsre limited to tho families
| =. r,,.o,,,i c1n-oy,oo, Thn crovtb ~ VI.
-. apns0rAt .s,. .s, .',s. .sa.'., ss.. ~ ~ ~
BUSINESS 10 h1eFaca "aa gtaoua' Gown 70 Tue
year 1843, but ainca that tina 1t has bean rapid
| until now It c1cceda Ia volume that OF 0roat
! nritsln.
.ra rA1Hyxsa.
~ ..,, - sa.,[,..s.u, ~. ..,..
No b1ssnees can DO conducted On fa'res =, or
| moro substantial laws than life insurance. Tho
| observations Of two centuries upon human lsfc
hhve demonstrated tho average mortality alnoat
'Ia IT, .... .h;aa ''.ea w. ,.ass ohss
uoset1n1oca' 'ile iato' "n'en VI - e.sen nou'oef
OF persona OF equal ago will Insure eaeh
= certain sum at cortain advanced age
| or At de,th is ossily ascerta.ned. Tho
n,,rc;n,. NJ norttv unJor,v,oo tho nbo,o
i..,aa. nup' :. % .n.. .ho ~. '4s o"..'s "n..'
ran3Ges IL; thes tne rats, or p1emsnm'
! risk loourrod by tho insurer. All forms Of In
.nranca arc baaod anon this fuud.mept.l rnlc.
T..ar, 49,, h. ~ .ro,,,o.,, a-o,n.t 49, an,,.n
4ne1a csa ~. w ~ stsaa'ens usa.uss 'no en''1e
| thau kganat the benefits which the insured de-
! riyes, This mucl, IL universally conceded: but
| tbn c,.ir,a NJ 3nanranco f5o mi -eat her, r1,a
."S j.. s.,,,.;,,. ~ saaa aa.,. 80 .e .Ao
| suploe@ u '9a4lal oi Hooa oeeas' ana many
widow and ORPHAN havo blessed the founders Of
| tie sYate,n, Tile Oft. recurring iuatancas OF this
kind. while thew form tho croatost elorv of In.
necesBaty 1or IT, Hoasn 10 htslo leha atao!e tlan
health, End tho millionaire Of to-day may be
paupor tomorrow. III these timos OF wide-
nnroad crodit life ,paursnco ia noar,v or anita
| sp'eao etoai'' H'a '''en'a'ec 10 ueaty uF qa'ee
az much necessity ~ arc Insurance. for good
bnalnsHs.mcn saposo greater confidence in ono
| who calmly anticipates financial misfortune. and
!,ir..t,v don,ni,art rnnn lin ~ !. n,.aft.h,o
ulee.'5 o0touoen' upon n11n. II 10 eseatao'o
TO h's s' ooblaeae sasse1'y. cmcaco pnsioess-