, 1877-05-22

which aa not ,o my considerable extent TIL 1859,
the first commissions ot "R~nt- which ~tfc tson .'
ahoni NJ J to uce cent Of The ':insaran*e sa'ne.:'
hut whrn they r1mr % IN tsl'' .nr tan,e' ., .snH
Term cn!nwrrni tn.nrsnrr pul!crs they often r..
eeiseI II p~f esnt, and romctlmes n"fr than i!'o
psem.,mt, pr '"s Which. - We hive .era, II ths
lhe ln'ar.ncs value, "a: nut sixs.. Ths
se ia ass .se nsr r. nqsre wetSr
they rontd stand 1t or not. AcrordtnEl5 !hey went
Ii hni, I'll the -niewmcnt, ,insnrsacr, nGatns.s.
" was ots eti tasn , sra @ S 1s Il" sture in iss hav.
ing In ten yeat. ,ncFeAs"t from le*t tnan ! par
e XIII. ri W. "a nsat.by nd Tho
working expenses we're s.tcssrd lnequftahly. Tho
endowment pol,ry .hadcf, ruu1a not t,nt fnd out
Of: 10 .rrat plainly, srInaIr'
tgure~, nr rather .ent Of thr ngufes, besan 10 he
deeply mnsen MI this subject. xr well they might
b.. Thry Aes in xrnet.l = n"se:t c!ass Of men. %
,trc d. TIry compared rolc. sna were fright:
thi, t,ian-t. II wha plain that uothnx conId hc
donc effectively 70 correct the bandef uu'tts H. H.
+steu In rertwtnAtinx the error. II una com.
@ss ae seps b, sss',ns s"9sa o t. o: to
So. atief .anxloasly eoa.derns shs mst'er. i VA
eunetudtI to attempt tu bring at4,at concerted
action OF the executive Officers Of tho staluc com.
panes 10 chanyn tho hsra Of agent:' eo'nn'issions
reform tbs sstes.rrnt of foxponro* Tint endowment
tnsnrxnee policy: :hoidcrs phonf4 no lonKef pc COM
gnrsysy .oGbsd kor thls pnpo:c n tss .n.
MET In Tbs ll0ard ru,nl Ut the laFxtst cnn1pan3s
~ President and so'no ot ihs Tta;tss, ;;.f.
ss ss'ns e ss as.ea a. re "a, e,asa
Tie executive on,crt- Of the leadins eompanie. to
florence was called. Tho excuse afterwards made.
taat the aetgAttes were not ag,eed w. IN sd ass,
With ths n.pn-troas tlunles. In. been allowed 10
as.fs toward. chav. ~ inst :. It would.
And now tht.c T. nothing for Z hnt ;pt tho PEE,
s and nsS 3 f9e PRESENT policy holders
bound " contracts which they ought nsysr to hays
Savs msdc il they hsd fully understood the ~.
jcct II they w1li unite tn1y csp st least 1b!,So
wsssf, not a soaa W. !. KeSe.
As for the oulsils pulc. who really need fnant-
having inserted Ia tle policy how much ca.h The
company will pay at tho end Of cseh nnd every
policy ycar. In case Of surrender. This the culn.
| pany can nj eatefT do ~ u can DO amy business
whatever. And there arc at teast twenty perfectly
solvent companies In thie country that VIII do 4
when tho demand Is loud enough and general
enough. ELtxUn WI1onf'
THE REV YORK INSURANCE btiI.
Tho New York Senate Insurance Committee have
agreed to strike cut Of tho Graham bill The c>anan
l'mltIng tho percentages to agents, and also tho
clause restricting the companies to loan on real
estate within my miles Of Now York Tho oblec.
tlon to Tho latter was MAIDS BY Nj. Furi,er+ who
argued that It 10 dangerous to concentrate, I'll
company property In one nclghbornood. llo saw
no rca.on why loans should nut In niadc az well 10
boston a. In llni!ao. The companies wonld natnr-
nty give tho preference In thet loans t. tho pco.
plc OF this State hut their right to Ybod loans at
| further distance should not be absogatcd.
THE SECURITY LIFE AND lT5 FUNDS.
Judge Donohue, OF tho Supreme Court Of New
York, has refused 10 ovcrrlio the tcceIver Of tho
Security Life Ia his refusal 70 sue the Directors ioE
the recovery OF tho they arc said to have In.
properly dt.buised In dividends and benefits to
| policy .holdera. The reasoning OF tho Receiver
IL heid to DO good. that It was lae1pelions to rtst
| Tho rcn.ssnlnr funds Of tho company In doubtful
litigation, aud the creditors left TO thefr
cdy In anit brought BY themselves.