Arizona silver belt., 1894-01-13
RISKS TAKEN ON LIFE
INSURANCE MAY NOW BE SECURED
 IN MANY QUEER FORMS.

l suggested q practical scheme by whiel 1 parents might insure college education
 for their sons and daughters It wa. ! proposed that tho parent should pay tC
 some reliable insurance company cer
 tain sum annually. beginning with tn,
 third year of the child's age, the com
 pany guaranteeing to pay the child, be | ginning with his eighteenth year. the
 sum of $400 per annum for the next foul
 years. To the mind of the layman there
 was an attractive novelty about this
 scheme. although it is in fact only q
 new way of proposing very attractive
 form of contract offered long ago by life
 insurance companies under the title of deferred annuities"
 The fact that college edueations may
 be insured suggests the constant multi. plication of all kinds of insurances Fifty years ago this country knew very ! little about insurance of any kind save
 the simple contracts of insurance against death and fire. Today there are various
 forms of accident insurance, marine in,
 surance, insurance against blizzards
 hurricanes and floods, live stock insur.
 ance, plate glass insurance, steam boiler
 insurance, insurance against burglars.
 mail matter insurance and. queerly
 enough. insurance against damage from
 automatic spriuklers, which are them
 selves part of insurance against loss
 by fire.
 Nearly all of these schemes are the
 outgrowth of Yankee ingenuity, save in
 the case of insurance against live stock
 which, according to Paul du Chaillu, did a tlourishing business in Iceland COG years ago. Many of the other forms of
 insurance owe their origin to special calanlities, against the recurrence of which shrewd business men proposed to take chances. Insurance against floods
 for example. originated with the Cone maugh disaster in the spring of 1889. and insurance against cyclones began jus, after the town of Grinnel. la. was de. vastated in 1883.
 One of the most interesting forms ol insurance is the accident busiuess. in which the companies make their profits on broken bones, cracked skulls. taran tula and snake bites, sprained muscles and scalded bodies. A man in Syracuse recently broke his arm. and % days later, having failed to take precautions. he died of pneumonia. The court held that he died of an accident. and the in. surance company iu which he held an ac. eident policy had to pay. Another man. who lived in Morristown, N. J., got up in the night to close a window. While walking across the room in the dark he struck his shin on chair. Inamnina ton developed, followed by grave com plications, and the man died after hay ing had his leg amputated The insur ance company contested that he nad neglected to take proper precautions iu not lighting a candle before crossing the room, but the court held against this theory, and the company paid the loss
 The court of appeals of this state re gently affirmed a ruling of the supreme court in the case of Nj. NJ. Paul. who was suIocated in his sleeping room by es caping gus. Both courts held that be died from an accident. These rulings tend to show that there is no little dit. ference of opinion as to what constitutes an accident
 In England the courts hold views as to the meaning of the word accident that differ widely from the interpreta- tions of the American courts. The court of appeals in England, for example. re gently decided a case of a farmer who was killed by bull in crossing one O! bis fields. It was the opinion of the court that the man incurred an obvious risk in crossing the field in the pr,.sence of the bull; that any man taking reason able precautions would not have incur red such a risk, and that his death was not due to an accident, as implied by that term in his policy.
 Another English case was that of Cole versus Accident Insurance company Cole went 10 his barn one night to gel some medicine which he kept there. 4 gust of wind blew out his candle. and in the dark he took from the shelf a bottle Of corrosive sublimate, of which he took a large dose The court held that this was not case requiring the accident company to pay any loss, though Il Is hard to see why it was not an accident pure and simple.
 Life insurance, while apparently very simple undertaking per SC, is sometimes in abstruse and complicated business methods Some of the heirs of the late l. Y Williamson, who died in in March, 1889. have re- gently resorted toan novel contract in life insurance for the purpose of realizing Dn an estate that according to the terms of the will would not have been theirs until 1899. Mir. Williamson left an es- -ate valued at Sil, ,183, ,822, of which SG.- | 100000 was placed in trust to accumu- ate for 10 years, when it was to be dis ributed equally among 35 relatives, if | hey survived. Six of these relatives de- | fired, however, to realize at once on their | inheritance, and it was accordingly pro | posed to gratify their desire by an issue ,f $l00,000 bonds for each person.
 These bonds are secured by an as. ignment of $tl0,000 of each persons in- crest in the estate, or SG60,00O in all. ss, however, each inheritance depends ipon survival until April 1, 1899. the ,onds are further guaranteed by an in- urance of $l00,0O0 on each persons lift, ssued by a prominent New York coin- any and paid up to that date Thess ,olicies have beenin turn assigned to the rustees of the collateral security for the enefit of the bondholders, and the said rustees will issue $60O, 900 in debenture onds, paying interest thereon out of unds deposited with 1t for that purpose. New York Times.
 Two Views of Scripture Reading.
 At the American chapel at Luzerne a Episcopal minister from this