, 1880-09-12

| which I receive from the managers within ny
field Of duty, it would soem to mo mat there Is
marked improvement in the sleua1on; Iae
| Ing. The people generally are paying more at,
tenton 70 tho subject from an economic and
!" il there the same notacoaple Improvement
! in tho machinery OF the ptofess!ony
ayes. The nRents ara men ot better business
ab gns S1ss a
Then you think the general outlook for the
fa fnaneial Haos deptession IS s fnll q proniEe;
Un1oubte]ly. The better clasS Of the COM
munity-by this mean the better educa1ied-
| of the companies, ns oppressed IN the policy
contracts-and in viow OF the almost unparal..
| lcled revival Of commerce nna enunaaneo t OF
! money: evinca q disposition tn Nnarcaee the
| amounts Of insurance on which they puy pre-
What lne Of policy has been adopts;!a s;!a BY the
old companies, If any. to inspire public conh-
"Siany Of them have been making satisfactory
other causes, allowed their policies to lapsoss.:
"1n what way were these settlements mAaefr
son the basis Of Il patd-up policy foE' an
tho ago Of the policyholdcr; or else by pufrhas-
| Ing tho policies ut thoir surrender value" ~
Msi Wa s else Sses =, q 9Ss puSc 81 TIP
aTes; ssserai of sao tho eompsnies 6ave now.ae-
clurcd that nll policies issued by them shalt be
the poiieyhoNicr to - = portion Of the reserve fund
which has been accumulated from the three an-
n,lal pavments made BY him, and Is al1 that he
How do you f;csard the financial stq qndtps Of;
nettcr than they have 6een19r a9 yeara 5e
grcnt deal more than they wora two yoais ago"
DO you antdcipate any failures In the fpt-
~: mo: ALI the lame ducks are. .: about outfiof
business" .s.t -,
| What do You know about6 the cooperative
sAmong the poorer and less 'educated classes
the cooperatives are getting some DusineSs. u
some auMnrtess M tnGso Is crxy tpat s ns ~
sooh as tne poncFnolaer ulscotats .t1at Ao -. ~
surance Is Ut the most temporary cnnraoter.
and Tint It costs moro nthe without t hnyina ,l
sas!s 5is y y|ts Il ss@paniss
WHICH ean give him an enduring COM contfAcE !- ,.s
Does The cooperative plan furnish any insur7-
Th9 Sooporatives are not saa3a
mes. Iney aro voluntary oenaVolent AssocAa
tons ltnblo to dissolve at ,4y any NON moment, % and
the country IS strewod Wltn tne!F WIecks'
Ihere 1s noth1ng behind tneIn. Iuey en-. tsc+ ac
cumanto notnlng Tor lne reason toat 49,, wnns a.,
fo,t ny 10 g get t up to m eSas a
ment necessarily renders them UNABLE 10 Pay
inc IacG e. OF tno poh9y IN case OF oea'n' enell
Who're 90 ct fhe so9Rcratiges doing business IN
your State nnla t rom. @ e,o,, oh;o ona o,hare
Many OF them come 1rqm Onio. anoh otneIs i's
nnn 1oon i aow no eIs M oansf nes -
It proposes to be liable Tor t cert9'n SUN sum
pes pess "efn It's 1o policfholaers @ aro diSidcd
nt for 1 an as sais
based on the law Of ayernge. The ayernae ex-
pectancy or Ire y known ~ ~ ages, nut at IS
IN tmpossioility tor any man hVahe 10 oetermine
the 9e average ofsl9kness" 49, J. a.,1, :.
trnetionT .,,4 zo.,
Yes. tne cooperatVes are cneap, put you
cheap anaM ntnks III OF &o0n'
Of Kansas, was next seen.
life -insur1nce:" was the first query.
II should Buy that tho business is twice tho
volume OF shat it was five years ago. Tho COM
How do you regard their financial coudi-
t1on7"
!" The rotten concerns have all been weeded
financial gales are every day Coming to the front
in bettor Condition.
:"AAow ..As DO yoq aeeoH9t g + for tt9:, 2,. -, ,
stimulus ss; x rfal eaats aad the morsages
bic, as there is now: wider marRin belwoon the
iy increased ID Value speaking Of ny own
MES are better than ever, as the improvements
on tho farming lands much more than make
good any depression which may exist" -.
Are the co6perYttves doing nything in your
State?" ,':'4&
Quite q number Of them have come IN; and
as their true character becomes known the loss
they will do, for they are based on neither sense
nor reas0n.' ~
What Is your opinion of them?@*
"They furnish ut the: best but O very tenn ..
porary form OF Insurance. The only thtng to
huld them together is tho good Will Of those who
are in thom.. It is 2 clear case Of mutually
without any binding force Good will fs poor
thing to bank on when thousands OF dollars are
at stake. Buying the good will OF anything Is a
good deal like buying tie wng of a dogs tail"
What il the rocE on which the oo0peratives
are bound to spltt7'' q
"Aapid assessments nro bound to brcak Them
up In the long run, because the great bulk of
momhers will not stand heavy assessing. After
hnlf dozen have pulled ont the others will fol-
low In scores like rats dcsertIng sinking ship
"W hen you say that the ooJpcratiye5 furnish
temporary insurance, how do you describe it,"
*'1hey can furnish insurance for six monEhs
or d single year at apparently a cheaper rate
thnn the old-liners but after nli tho insured has
to pay more for it than it is worth accordtng to
tne tTuG sc1entluo OaSls Oh WHICH uIE-lusurAl&ct
Is e!Sa1afSd TSsn fss o,a c,oon.
wherein It is dearf,, ,O0@-~
ut is very dear In this, that there Is no bind