, 1880-06-10

Five Grens Newspapers Have Some.
tl4iEag to Say OF tho AsNossnlcnt Llfo-
Insurance Folly.
Iluuw nrc gtvon elit0riai extracts from somo
Of thu lending newspapers Of tho couNtry con-
corning tho so.callod cooperative" Or " assess-
ment" ufe-jnsurunco societies. Tho papers nre
OF tho highest churnctUr, and tholr statements
should curry oonvIusl0n to uvcry rcador that
this ulcEol method Ut insurlug lives is tallacous
md untruatwprty:
'sr. LOUIS REPUBLICAN," :
The systoln OF cooperative insurance. aa It
Ia called, which begun In tho Last nid IL sprcRd-
ing over tho West, Ia beginning to nttraOt tho
unfavorabla comment, partiy On nc accout nt its
iruspHnss0ility TO Inv uld purity u. acconiit of
tho failuroa that have attcnded tho cxperlniunt.
Hun rnutullly agree to tusuru one Mnathar's lives
by submitting =, na nasesstiiont. tho procett. ot
W %Ss liz psha Z the g prScioa " epst
the Important fcaturo ut responsibility, sncg It
into iusxs I ] Gasincss, liz thuastds of i'oiicy.
holders who Mr0 Aasessed kiluw nothing A1out
What Is aono with thGls snsy the
forou thou 10 tlen huncsily In 'csAo they In.
TIC fratur1,Ity @ ay % co,so pay inx Ill ssSssi,ous
whcnOvcr hu becomes tired nt II, ,lid thoFo ls no
issl . s, ,a g no S % to hs a5y y a ;e The M
BI1llcu Commissioners IL ltntav0ra6lo 10 It war
,an rmts our Legislature in giving 1t SERIOUS atse
"NAw YORK T1aEs"
Ono advantage of coupcrauon is, perhaps.
thnt when ono Of those societies expires, thcto
Is ha trouble about dlspens,nx tho funds.
VT has becn ani1, Us ull objection to ragular
lite inauraucc, thnt ono 'hns " dlo In order u
Yin cooperation, ono has not only to 'dlo to
wln,' but ho must dlo mighty quickly, or tho
Boolvty Will yet ahcua Ut hLtn: -
at tho st1rt thnn regular life insurance, but, III
tho l!lenbors acre1is0 tn aSa. loatlis, of eonrsu
1tPy sapH nn r. ~ ~ % q gF9s r's a IL fhe @
"ia lila respect tho difference bctwoon lilo
ain q lifo-ias1t.lncs company tho pren'ums
dSesvase @ each yyar; M,a y yoH yS y ,o b. xxx
orcaso oauh your; apd, il YOU liyu 10 % very
Insurance oost ooetaiuly ont..hulr, alid. porhn1'
two thstis tauED than III q Ito c0!ItpNny.
IT. ~, nS ef ynE siay sa5y Il Ls Sss'5o aps
.usorxsAzl rsqu.uzn-''
"Thero is an Acttvo dolnaltd for sonn kind OF
shats supervision Of the numerous eeEolerattyo
sprung up lu Ohto, Anu which inaure OIL tho
simple ulan OF ouch surviving ule,i,l,or pay!ny y
Aru psububly lu0 OF tbeyu associations III tho
state, ana many thouRaais aro injured ~,
thulu, ;, Many Of thpM arc, nu doubt,
hoNoauy conducted, but tho evidence Of
loosoncss and dIshonesty la few or
whole sykt4l,, under suspicion. ind u demand
nn official supervision Us rlaIa ~ that t which
tho regular ltlAurancu companies mlist submit
THO d(utcnlsy soetus to lio in tho lack Of direct
responsibility, The lnHlrc4l. who Arv tho kbArp-
bol;lars in thoso aasHiatolla, have no yoiou III
choosing dlEectors oE niannxors, aiid tho dtreot-
QtY or managers ar0 nnt ubIlRl tu nAku EU-
port u any body but themselves. Or y, lnAku any
sxhsblt u tho Company 1uAits to those wh''sc
u,y, w u doxen 1ugn, uud tho thousands Mhu
ufterWurd lDcauao iuoMlera shnp!y, puy their
moans Ut enforcing tho rutus promulgated tor
tho goyornluent " tho outlcortl. Accepting .
truo tho AtAtHulnnta OF thu objects ~ tu thu
number Ct uae!nbSss tloy haIs, II IL Guy
estimate tho amount OF Insurance which should
" putd At death, Beveral s,.isa havn grown out
claims of 1900 Or su,olO gAc, by tho pnymcit Vt
few hundred dollsEv, ssa1 Inv posupla@n1a fspul