The herald., 1898-08-25

calculated to advance the interests Of life
insurance, and urged agents not TO run
down rival companies In the effort to get
policy holders to change from one COM
pany to another. He regarded this prac-
tice as closely allied to rebating, and de-
clared 1t should be the aim Of all agents to
uphold the integrity Of solvent companies,
large or small. AS to the evils OF hostile
legislation, Mr.. Bowles said:
The question of unjust state legislation,
which has been working against the busl-
ness of life insurance i'm many states for a
number Of years, and which, II not arrested,
will become a serious menace to the busi-
ness, is a matter that deeply interests every
llbs underwater In the country, ana mas
commanded to a greater or less extent, the
consideration Of our local associations. I'm
til the last year or two, the insurance COM
panies have been able to look after these
measures. and In the main prevent the pas
sage Of hostile legislation. but with the
rapid growth of prejudice against all mon
eyed corporations. even the beneficent irs-
stitution Of life Insurance has been made
to suffer from the unjust restrictions and
taxation imposed by the Ignorance of a
large class Of legislators. and the business
Of life insurance has met the most serious
opposition where It should have received the
strongest support.
The work of preventing Objectionable leg
islation Is Of such Importance that the aid
Of our association is needed by the COM
panies. 1t Is both wise and proper that
the companies. in their official capacity,
should lead In the fight against adverse leg
islation; but the local associations can and
should offer them every support. I would,
therefore, strongly recommend that each
association keep In close touch with the
companies on this question, that the strong
est possible position may be maintained
n ut "a hA NaCA zt1v~n g., -
Probably the most potent influence to be
exerted In the future against such legisa-
tom will be the creation Of a moro intelli-
gent public opinion as to the great benefits
Of life insurance to the states and the ma
ton. more especially on the part of the
masses. who, through the splendid work OF
industrial insurance, have become the most
numerous class of insureres. They already
number some eight millions, but are In
creasing at a wonderful rate. and their
power and influence, manifested through
thefr rights of suffrage in the election of
Lawmakers, either for the state or the ma
tion, Will be felt in the election of men who
Will guard and protect their sacred invest
ments by wholesome laws, and such as will
prevent burdensome taxation upon a busi-
ness whose individual supporters have al
ready laid tax upon their own industry
and frugality. whereby those dependent
upon teen may be protected from the raw
ages of poverty.
The second days session was opened with
mastery address by Judge NJ B. Koon
OF Minneapolis on Insurance From the
Standpoint of the Insured" After recitine
the marvellous growth In all lines during the
century, Judge Koon said that insurance
as science had kept pace with all other
enterprises. As business proposition, in
surance, both property and life, were the
part OF wisdom and prudence and wa mo
lected only by the improvident. That life
was not worth living which was not worth
insurlng. Judge Koon is himself heavily
insured.