The Lebanon express. (Lebanon, Linn County, Or.) 1887-1898, 1891-11-27
u
CREDITOR INSURANCE.
SEVERAL NEW WAYS 70 SECURE
The PAYMENT or DEBTS.

s.u..
~ .''' W ras'"s fised
W'""is--Hew tho Bnsinoss Is Car.
ried on--A sample Case.
ns.. !.
aasu'auoo ,',sa.' y pecoming science with
,,@' a.y o.ancnea' hvefything, from a human
.'ls Y - oNpress pachage, ~ protected bya
pV'aSy suaraneeeinB pecuniary satisfaction
N : uaini ~ '''s griel q the unfortunate
n"no. 7. non ine iatest hddltion 10 the
w asa'aneo 'o'u W pna. much abused chap,
nm e'uu' NY iist of CONTINGENCIES,
.,., nou 'ssan " ~ M m,'n Wv ana sh'pwreck and
Nsw ~ incluuc aeatn, railroad accidents,
.snu 'iv'ns, wcua'ng dowres' boiler explo-
''Vus, wihuow iractures, etc, now extends
sovusincAs ,g ,aiiures-
"oney anu prains nave been expended
~ 800 y prylng 70 Apply the doctrines
" averages ana chances 70 protection
sa,us' ,,, ,,nalcla !. misfortune ana "croohed.
go s"s.. = W. feaaiiy seen That Y manu-
Aaooa.os' NV whoiesale merchants, who
nou's'atny 10 ah enormous credit business,
DuM ~ ihsurea Against loss by tue VA
scsles y thelr deppors the harvest Of
'TLus MI .,aa wuuiu ~ enormous
ine uiiiiouity was, however, how TO ad.
iass 'naVooln oVnal tne seller would not
puoo'',o .eekless ~ tne granting Of credits,
o"ut ,nAp W Wm insured, ana the
M NY, .'''es1s Y ~ oplgavlohs Knowing
'Ts ~ .'' o'sui1os VIZ pFoeected.
1no l'roo'onl has oeen solved N two diff
.V.one wass' anu ioaf Or I'VE different con
svs XIV, MI anu t'll.s, sfe now competing
-. ~ s,a puain''ss o ene' wholesale houses,
so as' lopnu,a aha mhiisl'actnrers The
mis. .',s sVnorai pian may ue called the indi-
u y personai guarantee plan. The
'coVnu mas general ana impersonal guar
$50 WI ~ pasls Ihe ilrst plan Is to
sua'.neue s's0 'paiviuual ACCOUNTS UP 70 cer-s
s"'n ii'i'll' =. various RATES ot premium.
sau '.1V',,'ne w y 1ne underwriters estl-
na'o ~ y snu uepsof.H hhanclai responsible
'sy ~ ~ no'esey,
anu 'supnu pan y 70 insure thc creditor
asa,iis. ipsses generally without reference
~ XIV ueu.o's, 80 iohS ~ said losses are In
pu.asu WIZ uoi''s business WITHIN certain
sV'pu,a'eu ''i'' ruies' Another iine Of division
a,.,.. n,as ~ l' utawn oeOween schemes IN which
"nis sAu'asna oser y stipulated average loss
''' W 'e 'uasiuersa
M. srl-.h rlAN vf tHh BUSINESS
ans 'iaisiuual GUARANTEES pan u being
spS'asVN ~ ~. ~ lui'oer oi Sinai companies
s''u al' ''',n ueei' oh ofla' ior many years, but
~ VI .s MI Vo'no INV ts'nerai use me oasis
y ~ Hys'e'n mus, oe an organization
s..nuat ',.',.. " ~, sue well khown mercantile
'l1s's'se' .uo uolnpany must nave aceu'
taV ."ay,,i'''s,ya ~ 70 Vne financial stand
~ :, .sets unpVor from this they esti-
1850 ~, w rlsN a''u i'A lhe premium which
IVY W. ou'Fse ~ guaranteeing ms obli-
1.'oaa ~ M ,,..,,.,
= sau = o'pas y, y one q the latest q these
oonip'tl'es Vne lliercantlie world rs divided
NY - T, a'ases nee 9laNespeafes seven
'Res' rlrss aohes ciuss A. whose mem
hers nave been uniformly successful In
o''s'ness' never suffered from even u tenn
potary Embarrassment and areof undoubt
~ psop,Vy
.,,s esAe J, y ln's e,iS edse class comes class
=, i. whose meinpers have had their iinan-
wa, s,iu'ne slghtly tarhlsheu. And so the
ses'io : e ~, u.S'unus u"Vii CLASS v" s reached,
wnich include those who have failed in the
p',ss ", aug are i'keiy 70 40 40 again
Ihls classlilcatloh asnothing to dowith
Jug ektent OF the hrm's possessions, II Is
not sluantltatlve.
SsAe comes the classiiication as to the
nmip q risks, AT the head stand those
! hr'i's WHOSE oplsaeions VIII ne guaranteed
hp W ahy amount second. those who will
w v, oe guaranteed beyond atotal Of say
y, ,lv,uU anu 80 on down % small amounts,
Ine company VIII not issue any more poll
''cs VI any urn aiter tue total Of obliga-
0cns guaranteed pas reached the limit.
wnsn cialm mas not been paid It is as
'lsuea V I, ohe uhaerwritlng company, which
aVes what u can out OF the wreck Of the
,alhrupe business wherewith 20 reimburse
@ei /,
ine next olasslncatlon IL with regard TO