The Wichita daily eagle., 1896-04-01
ATTACKS AssEssMEN INSURANCE

Belief In Boston That IL Can Not stand by
! Itself at All.
New York. March 31.-The New York
| Post prints the following dispatch from
| Boston:
| Recent agitation In assessment IN
/ sursnce circles has called renewed at
| ten ton TO this style Of insurance and 90
| its faiiure 20 effect the revolution IN IN
surauce upon human life which was
/ confidently predicted when the minds
I Of the public began 10 BE- turned by the
/ fallacies OF the idea. Massachusetts Is
| has been through a long and bitter eX-
perience, and is now coming around 20
/ the demonstrated conclusion that asses
ment Insurance. as a system. has such
I inherent weakness that IL cannot stand
/ Of itself. II must eugraft upon Il such
/ provisions as are required by the old
! line life companies for their financial
soundness. There are two large assess
ment companies SIN surviving In Mas
/ sachusetts. which have lived through
J much stress. and oue small one. They
are probably able 20 continue for a
great while. according 20 the present
promises. for their methods have chang
ed greatly from their beginning. but
there have been a horde Of small con-
Germs which have been obliged % give
Up years ago. More than this. iu con
sequence OF the Generalization q the
people on account OF assessment craze,
. there followed the stiu worse eud0W-
ment folly, and then. deeper still in the
mire OF bad finance and pirstl-al NOR
ais. the home investment companies
and the various orders" - "a ubgg
br.il.ancy which were 70 enrich the pei
iCy holders. but really !mp0verf s1ea
them. From beginning 20 end x has
been a story OF shame % the state and
of suffering 20 the delU1ed people who
believed that they could get cheap To-
sura1ce. and 20 tn brighter oasT who.
knowing the fraudulent character q
the business. believed thst they could
70 Ia and e; out quickly enough 90
save themeelve while leaving ;he
wreck 20 fall on the heads q the lEnD-
rant victims
One q the best posted men n The state
says that ne upvhot og this round =
experience has been 20 prove thst al Ilse
Insurance must come d1z-u p the baa p
ct the old lue coupsr.es. except thar
there ls 70 nee3 On tae par, % the latter
f1r their surplus Al The other n1eto1i-
ot the old line companies are ua-ezszFF
for tbe stability - fhe fgsir-ea arf
for assurance that the company ~ =
have o. hand enough az ths ~rI = any
mans lie @ pay f7- the eXpeEss - l4-
surlrg him and Tor the face - tar
policy Wairh ke c.rrtes A he rgt g.
to - stands Ike r1.E ~ ere axe
% fffy--ue. On the average. every rna1
passes ne dad L-e when & cos;s ta-
irsurarce company more - carry h.-n
Tran z gets from him "a EaT ~ pay
uen-s. Al ihat tbe policy hcl4er pays
- the company before D. reacnes f5af
age - 11r rne sake q having eHcggh
money On hand w!sa wb.ch % Tn-et go
sr1oaut os tn poiicy. besldes ,aylzE -
expenses q dong bushes Tals has
sI been figured t5T1 90 3 E1atsrnatirzI
bass. ana . Is i,upoas be 20 evads g..
TIE assessment c1rlEs a. - have fggst.
step b rep. max they must have mote
q fze FafeEza-1s Eb5c1 cd i-s c1r1-
uzrles have f1cna urCzsEary. sd e. -
sr1r-css BE - have Fussl-.eat usorey oa
bard 20 Meet obi gates IL 0i9 axe ~
less tre payments q Fs-f5 are cJ-Tes-
rou4.rgly -z-E= ca. - nay rse- a.
- 4 ceoaszn1 "a 1hs asse-g1o@1t c1u-
p1-.es a. IA tne "a ! ~ coru pz1 teE- ast
probably a ZEtly lager p~rceatsz-.
bscagse tAa free cal e1srE. .nafs1rs - ,lz-
ol1 Ike uGrsa.@s A. zz7-e zs-.et
This auths-.ry ssys sLat g -Tf
-ee-essz-y f.r the o. f.-r raElsrs -
sxEa fTFn .Ef.r ElrF rF-hottFTE aEF
u.1aey - the sake - sr-arz4iaitr.s
surplus. t--a8F- taes- E alr-lF 49,
ar s.e uarE.r - safety provided ~ &c
system s.self In t1e rraI g,sc-. ta~
nso-szlsry Lzbs@s aTs basz1 90 EaS.lss
s-1;.E--os- SSs. - l>~- . t4aE -