The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1898-03-01
BAILLARGEON'S.


OBSERVATION-DISCLOSURES
gatherer. and so becomes a temptation HI
ignore the true nature OF the fund wha
Is simply the collective losses OF the gro4
or company. thereby relieving the inA
vidual caiamities of Its members.
Life insurance differs from fire ineuran3
only In the subject matter OF the loss. III
stead 81 mans losing his house, or o,i
err pertshable property. his family lo2&
the money value, the earning and pr1
ducsng capacity OF his life. His life. II
money value. what II Will do for theH
~. and their property. their financial al
pendence. as Is the house; and the loss I
that life IS just as much property loss
them as that OF his house is TO him. AZ
For example; II a man. aged b. IL earl
ing N.o0 a year for his family. taking hi
chances OF life according to the ActuarisN
per cent. the present value Of his life i
money to the family Is $1,000. That y
their actual money property In his l!fd
That Is the money they lose u he diess
IL. when he dies, the State should opeux
tax that family on that loss. on thai
amount. the world would stand aghaI
Such government could not i've. for N
one could 1--we under IL.
| Life insurance " simply the distributing
| OF the loss OF family property In the LIVED
OF husbands and fathers. The fathsa
assumes his share OF the loss of .hcst
/ families whose heads have died during sh&w
| year. All the fathers who have associatey@
themselves with him do the same thlngs
/ They by their premiums. take each farn}
/ ily's loss as IL occurs over upon themsekW
and divide IL among themselves, They losd
the money value of the mans life, instesS
of his family. The family Is not linanciaN
~ crushed. for these men have taken The
! burden from It. They are not crushed, fm
+, they are many and have divided the burg
den, and the losses do not come all at onrsl
But these men have lost the money vass~
/ of that life just as truly AS the family
| would have lost IL II these men had not
assumed and divided ii amcrg themselves
| To tax them az n group or company 65
on the loss they have thus assumed sne
suffered is as ahhorrent 10 justice ana
humanity as il would he to have the ioS
on the family. and then tax ale family =
that loss.
The division OF the tax among these men
does not alter it's unjust quality. II SIM
ply reduces the tax which any one men
has to pay on any one loss. He doesnt
have to pay the whole Of the AK any mort
than he has to pay the whois OF the iosA
But the portion which he doris pay ~
tax on loss which he has suffered ny
helping others 10 bear It. and In proporf
ton as he has suffered II. Just as much a
IL he had borne the whole ioss and psia
the whole tax on that loss.
To summarized tax In any form npoq
n mutual Insurance company 10 "A lax On
it's members individually. and is paid a..
must be paid only by them oat OF theal
premiums so much reducing ule suryiW
to be returned and SO much increasing
consequently the yearly cost OF Their paf
icies /. IL not tax on their property
but upon their losses, and Is iaid bPva tn1
money which Is the distrou'ivs !, .nn ras.1
each member IN those iosSee ~ ~ ps~" ~
through the hahns oh ~ P""s x
The remedy for this matter lies with IN
p ,naks shs immorality and snharan,y
such taxes clear to those whom hey senf
TO their legislatures
consolidated Statement.
From it's organization TO January Il ~
the company received
E,or nrsr,aiurris 1896. ~. sl5 50
Far interest ...... Is2H.NS *
For rents .......... 1851. 7I 10
Balance profit and
loss -. ........ i. ltH.sG VI
-~- --~~
Total receipts .............. .&SsA bCs. ~
II has paid death 90
Tndowmente for I3s1i.T1 30
E.nr surrendered
policles -. 80. "a $50 SO So
y-ar afvisepds 81 2sI 2a5 II
-
A total returned 20
poIley holders or III
r9as being 9M
per cent. or the
entire premiums
received 500. {lsS. 1sl II y,
T. ssa rssa for ex-
penzex -, -. Is feS.ss1 %
Taxax - 9 ~. 6S3 IS -
~
sro.af exneuditures ....... So fs1. 1g3
-
raatg,en pet aesets Il
ta,.,.r.. tstss .........f IL, 4is. 80
'",laf assgt{o..st
- 80 s+atr-
$3.50 ....... gf1iWe
"8N"S 'f'+ - :
IT,, .o4 3 sa SIS 80 y
i".1t ...~-.,~, ., ,,,s eo4
We lnSE careful aLtt1 tt 1880. ~ 80 y
nehsed tnt very ltlssl -. -. 49, ~ a.
htbts az n giabce tot GUY S.'9 80 Ao4
Of the gss0a Work wb4eh -" 80 ~ i
throughout all those years bue 49, ~
proof Of what we deslfe 70 Ehpte a,.t,aa
tie pubic as cur uiiiih 49, ~ @,aflr1