Knoxville journal. [volume] (Knoxville, Iowa) 1874-1986, 1875-10-28
For the Journal.


from adding few words by way OF
urging its claims and benefits upon
the readers of the JOURNAL. The
benefits ii confers upon the families
of those who avail themselves of its
protection, as well as upon the COM
munity at large, speak volumes in
its favor, and stamp il as one Of the
greatest blessings Of the age. During
the year 1874 the disbursements to
Policy holders, by Life Insurance
Companies of the United States
reached the grand total of over sG9,-
000,0 900. When we remember that
fully one half Of this sum WAS paid for
the support and maintenance ofmany
who in oil probability would other
wise have been left to their own re-
sources, and to struggle unaided aud
alone for their daily support, we
must acknowledge its beneficenee.
It's claims upon those whose lives are
the only source of revenue and sup
port To dependent families, are strong
and lasting, and amount to virtual
moral obligations. This is becoming.
day after day, more paipable.
| The snperstiiious notions which
surrounded life Insurance in former
times have almost entirely disap-
peared before the enlightenment of
/ the age. And IL is now almost uni
vcrsally regarded rs Il business
necessity. This necessity, Is en-
hanced and the protection of life
insurance Is demanded by our mod
ern style Of living.
In former ages mems capital con-
sisted principally in renl estate,
/ which could not he buried with lis
possesSor; but in our modern society
this is not so frequently the ease.
Mems professions, business tact,
1 etc, are now in most eases their cap
ital. They suhsist by toll, energy
and application To their several pur-
suits and while men are able to pur-
sue these avocatlons, the support of
the family Is assured. But with
their death the capital is nlso buried,
and with them the Income Of those
dependent upon them Is lost. Society
has awakened 10 the inestimable
blessings which this science furnishes,
md which can be obtained by no
other means. In speaking Of this
subject the late n. y. Willis said:
"Thc Importance Of life assurance
to society everywhere; its strength
eniug influence upon the sinews oi
snciai life; the solidity II inparts tU
all domestic institutions the protcc.
tinn il affords 10 the IRhors md the
recrrutinns nfexist,uce (; the comforts
1t brings TO the sacred ilreslde oi
home; the relief IL pours out so
abundamtly upon tho bnreaved alld
suffering the countless benefits II
aaticrS along the pathway of lite
the blessings 1T reserves for tntufe
sorrow all these are now more truly
p.rcpivpd aud warmly appreciated
than ever before. People ar" begin
ming 20 understand. ard 10 under
stand IN earne-t, that their best in.
tpr,.pia nre conserved Ia these wise
and benevolent institutions. Great
ronfideure il rcpnsed ia them. In all
directions. The hopes of parent and
chilh. lover and sweet. heart, husband
| aud wife, brother and sister, old aud
! Young, the widowed and the
orphaned all are gnrnered up In
their Keeping"
The reliability nf these institutions
IL now settled beyord controversy.
They are regarded as the most stable
Iand reliable known. Their ability to
meet maturing claims, and TO resist
the greatest financial shocks that can
be produced has been proven be-
| youd a doultt. The reason Of this j.
nbvioua. Life Insurance Companies
thrive upon the ruins OF other Imam
cipl concerns, Tor by the mishaps oI
the mercantile cotn muniiy money IL
Increased In value. and II is in tbi'
commodity that tlr.1e institution"
/ deal. History points 10 no failure
whatever lthst We know of Of any
! Life Inz,iyanee Company In tie
United States. Companies have re-.
Insured their risks and discontinued
buailns-, Int cnnuot be termed y
failure amy more than the sale of any
Kind Of bu-ius.,- by one party, TO an
other. Professor DE Morgan, who
thoroughly examined the subject
said:
"Therc l. nothing in til" CONNER
cial world which approaches even
remotely 10 the. security of n wei -.
tal,lished and pruieniiy managed
life assurance company"
Til. uncertainty Of mercantile pnr'
anits Il scarcely known ana littf
thought #. An examination o'
memoranda made in 1900 of every.
tn.rcI,ai,t on Long Wharf, compared
with A similar one in 1910, showed
! ooyu fyg IN one hndrei remaining,
/ the rest having all failei or died in-
solvent. IN view OF such iac's ~
these Il IL wise tOneg!ert 80 import
a Fas nts