Fort Worth gazette. [volume] (Fort Worth, Tex.) 1891-1898, 1891-06-14


Poverty and the necessity of charity would
De greatly abbreviated, comfort and con-
tentment would supplant the sting of want.
The business in which we are engaged is
the noblest secular work in this world. We
should, and we can, qualify ourselves in
this school of instruction for success and
triumph in the field. We need only to dis
cover our strength and apply it in over
coming and subduing all resistance. The
business Is without comparison in its scien-
tific and mathematical construction. ii had
its beginning in the Ulpian expectation
tables in the third century. Ulpianus was
the father of life insurance. In the form
of annuities, dowries and life estates it had
its SLOW, solid growth through the ages fol-
lowing down TO the seventeenth century.
The genealogies and life registers kept in
different countries were auxiliaries
leading to the discovery of the
law of average. The scientific COM
pilation of these and their adjustment at
tracted the attention of the best statis-
ticians and mathematicians. from time TO
time. to the development of the theory of
prObabilitieS--thc foundation of the science
Of life contingencies-and to arrive at the
fact that there is law OF mortality as in
flexible as the law of grayitation: that the
| mortality of a community or multitude is
according TO the ages. increasing as the
| ages increase. and varying as the ages vary
For over go years tables have been strictly
kept in different countries showing the
births and deaths. Upon these, at differ
ent times, have been constructed scientific
tables of mortality, and upon these the av
erage duration of life from any age has
been fundamentally proved upon the accu-
racy of experience.
The famous John De Witt of Holland
was the first scientist 10 apply mathemat-
zeal calculations to the valuation of human
life, in 1850. The distinguished astrono-
mer Haley constructed table OF mortal
ity in 1851, which he formulated from {
series of life registers kept by DR.. Neu-
man, of BreSlau, Germany. He shed the
first clear light on the science of life con-
tingencies. Dr. Prices Swedish table, in
1860, was the first national life table ever
made. In 1861 appeared his celebrated
Northampton table, which was adopted by
the Equitable Life of London on its estab-
liShment in 1852. Actuary Joshua Milne
constructed the Carlisle table on the NOR
tally for the nine years between 1912 and
1881. II has been continuous legal stand
ard in the courts in England and in this
country. Actuary Griffith Davies of Lon
don constructed the Equitable table on the
experience of that company from 1862 to
1929. The actuaries' table CONSTRUCTED on
the experience of seventeen English COM
panies by a committee of eminent actuaries
was published by Actuary Jenlkin Jones
in 1913. 1t is a recognized standard through
out the world. DR.. f'arr's English table
in 1914, and the American experience table
of 1868, by Sheppard Homans and the new
actuarieS' table, constructed in 1869 by
committee of English actuaries from the
experience of twenty British life COM
panies-added to the former and all taken
together, embracing more than two CEN
turtles of experience, nyeil the natural
workings of that mortal law which cir
cumscribes and limits the bounds of human
life
The mortality tables have revealed the
law of average scientifically, and demon
strated the fact that nothing is more certain
than average lifetime, or more uncertain
than the duration of individual life. These
tables settle the assumed yearly mortality
among 1000 persons or more, from age
twenty to 100. and the companies provide
for this mortality in their table rates, and
the actual mortality outgo will be exactly
the same, upon the same ages for the same
time, in every company using the same
precautions of selection, no matter what
the form or kind of insurance. The
Almighty has fixed the present value of
$1,000 on every sound, healthy life and by
association of . minimum number of per-
sons the burden of risk or cost of insur-
ance is easily ascertained. From long eX-
perience and observation the law of aver
age is so well settled that we can certainly
decide automatically the safe yearly cost
of insurance at any age, or for limit of
years, or for single payment, either OF
which, according to the conditions of pay
ment, will be the present value of $1,000 at
at the end of all the lives.
This part of the subject, embracing the
mortality tables, is one of unlimited amp!i-
tication. 1t is the center of the whole life
insurance system. 1t is the trunk of the
great tree whose branches have sheltered
hundreds of thousands of homes, and borne
golden fruits for widows and orphans,
amounting in our country alone TO more
than 5000, O00, 900, and this really within the
space of time more than one generation.
The magnitude of life insurance, in the
United States and Europe is shown to DE
one of the largest financial elements of our
civilization, and in secular achievement it
stands unparalleled in the blessings upon
mankind, and it rightly wears the crown Of
true benefcence.
The specialities of life insurance are
found in the application of the science to
the varied wants and conditions of all
classes. Pure and simple life insurance is
the foundation upon which every speciality
is constructed. These specialties are almost
as numerous as the companies, and each
company has its distinguishing, differential
characteristic from It's cO-Worker. The
great underlying principle of all is, 1.-The
greatest good to the greatest NUMBER
coupled with energy and enterprise to sur
round the world and bless the human race.
Like religion itself, it appeals to the hui
mainly of the man, and calls forth the best
qualities of human nature and character in
its reception. The best intentions and the
purest affections magnify the manhood of
every man who makes sure provision for
his loved and dependent ones. The law of
self-preservation takes hold of life insur-
ance, to remunerate for the toll of living
and compensate for the calamity Of dying.
We have no apology for our vocation. 1t
is the worthiest of all secular pursuits. The
claims of life insurance are in accord with
every legitimate business interest, and in
harmony with the best heart impulses of
every father and mother, sister and brother.
/ will conclude with quotation from one
of the greatest writer's of any age, who
lived in the last generation. In discussing
the law on self preservation and its out
growth-life insurance-he said: mo man
on earth, by any divine or human warrant,
lives solely for himself Others, provi-
dentially, have lived and do live for him,
aud, both religiously and morally, he is
obliged to live for others and make his life
profitable TO them. No man in any society
lives for himself or dies for himself. This
is an oracle, both of reason and revelation"
NV D. II. in the Indicator.
{ Safe Medicine
Is one that Sqjbe taken at all times Without
TIL sGaD,o &pY,t az.