Herald and news. [volume] (West Randolph, Vt.) 1878-1943, 1895-04-18

/ "
lures at the end OF a specified period
and returns all that has been paid in
and more to the insured, is one of the
best methods OF investment. Men who
would never have accumulated dollar
in the ordinary way have been made
wealthy in their advanced years by
the maturing of life policies, and dur
ing all that time the face of the policy
was payable at any moment if death
had fallen to their lot. With insur-
ance premiums to meet, men become
frugal where they would otherwise be
wasteful. Pride and their own inter-
est urges them to keep up the pay
ments.
Nor is the value of the endowment
policy postponed until its maturity.
From the first payment it possesses a
value to the world which increases as
time rolls on. Such policy is con-
sidered good security for loans Of
money, in many instances.
Life insurance is not portion of a
persons estate. 1t is not subject to
claims against it, either before or after
the persons death. The insolvent
may leave his family in comfortable
circumstances, though his creditors
secure everything else but his life in
surance.
Insurance is Immediately available
in case of death. 1t is not like other
property which has to pass through a
course of administration land sacri-
tice) before it is turned over to the
heirs. For this reason alone many
men Of means take out insurance that
their families may not be put to even
temporary distress or placed in situ-
alton where an advantage could be
taken of them in the settlement of
their estates.
There are other points of impor-
tancc, but we have time now TO mem
ton no more. If ii is wise to insure
ones buildings against fire, which on
ly may occur, why is il not added
wisdom to insure ones life against
death, which must occur?
III, income tax law may be cx-
cuscd for inquiring where ii is at since
the supreme court decision. Nobody
seems to know just what is subject to
taxation and what is not. The courts
will be compelled to consider many
points Of litigation concerning the
collection of the tax. In general it
may be said that incomes derived
from rents of real estate and
from state and municipal bonds
are exempt, while all other in
comes over $4,000 per annum are
taxable. But there are many ways in
which incomes derived apparently
from the sources exempted by this de.
cision may, on closer investigation, be
shown to be taxable. 1t should be un-
lerstood that the ground for pro-
bouncing certain parts of the law un-
is that portion Of the
which declares that all
lirect taxes must be apportioned
lmong the several states according to .
heir population. The point at issue
n this case was whether or not any
,ortion of the new law imposed di- n
ect taxes. If it did, it must have been 9
since the taxation n
vas not apportioned according to the A
population, but according to the ex- !.
ess of personal or corporate incomes 7
yer certain amount, The decision =
oes not in the least affect the legality \
( any direct tax law which may be
assed, but simply supports the con-
,itution in holding that when direct
axes are imposed all American citi- $,
ems must be treated alike.
The Waterbury Record, an edition
{ the Mortified Neus, issued daily G
uring the Methodist conference last
eek, giving the complete record of
le conference doirgs. 1t was cred 4
able exhibition OF enterprise. K
A poor sugar season. Too late N
oring and too sudden thawing out.
Our better halves say they could not
eep house without Cham berlain's Cough