Ceredo advance. [volume] (Ceredo, W. Va.) 1885-1939, 1896-08-12
LIFE INSURANCE.



In Half vsass Mossys
A circular sent out by President John
A. MCCALL II tho New York Life Insoy-
nnce company TO the policy holders 81 va
those figures of the life insuran busi-
ness In New York:
Number Of policy bosders IN com
pan,es operating In this sts<o iAfUs.o
Estimated numbtt a bcncaoiariosA. 9aOOaOU
Paid 10 policy boldcrs and teDe-
faid In sf,e past fve years. GAOmGO
Total ;stantiins Insurance CON
erncts'I 20 bc paid. GA. ga 81
Tho circular says:
This sum (Deariy eI0. 600, 900, OO0)
must DO paid at some time or other, for
death Is certain How shall it TO paid?
In what kind of dollars-doilars In gold
worth 100 cents or dollars In silver
worth Oh cents or less2 The insurance
policy itself Is an agreement to pay In
lawful money. and the main issue in
voIved IN the forthcoming election
brings home 10 every policy holder this
question: In what commodity shall the
payment BE- rnadef With silver dollars
and gold dollars at parity the Ques
ton answers itself. but with dollars
worth only 90 cents what may be the
effect ON tho wife and children for
whom the policy holder hoped TO pro-
vide In the event Of his death or on his
business which no expects to straighten
out with tho proceeds Of his policy7
What may be tho effect ON the coupe
tenoy for his old ago which no expected
10 derive from honest dollars md
which may be payable In doubtful dol
lars II the free coinage Of silver Is
sdoptedf The premiums have been paid
In gold on its equivaieunt, and to COM
pei the policy holder or his family TO
oocept one-half the value that he has
paid for IL at the maturity Of tho claim
would DO as tntquitous and indcfensibie
as though be bod been robbed on the
highway. II the views of tho Chicago
candidate prevail, The companies could
not. even IL they were willing. provide
for tho payment Of their claims In gold
dollars The platform ON which he
stands reads IN part as foliows:
1--WE demand that the stapdarti siI.
yer dollar shall be full legal tender.
equally with gold. for all debts, public
or private, and we favor such Ieeisls-
don as will prevent for the future the
decentralization of any kind of legal
tender money BY private contract
The record Of the debauchod curren-
cy period Of 1908. when 30 life insur.
once companies retired from business,
fs too recent an object lesson DO be for
gotten and its results too deplorable 30
permit the oustodians Of life insurance
fonds to be indifferent to the great dan
ger that threatens policy holders and
those depending ON them. Surely u Is
not q political question that oonfrunts
Ms. and even II 10 is on the vital point
at tssue-eound money-whioh involves
the honor Of the people and the pros
perity Of the country, tho Chicago cnn-
didate and platform are antagonistbc,
and we may we'll subordinate our non.
easeottal convictions to tho essential ono
for patriotic reasons. II DO other. Tboir
chosen officers may officially appeal TO
insured and beneficiary for common and
united ection against those who would
greatly impair. II not destroy. the pro-
lection that has been secured by much
self denial No one responsible for the
management Of these saCred trusts
should fail b. deDounco tho financial
beresfes Of tho Chicago platform or 10.
fuse to join In bringing about the do
feat OF their advocate.