The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1899-01-24
THE STATE CAPITAL.

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some subject connected with FIRE insurance
contract The following correspondence,
explanatory of the matter, is very sug-
gestive of the power OF education and the
growing influence OF the university
Honorable George Tayloe Winston. Presi-
dent University Of Texas, Austin, Texas.
Dallas Texas, January lS.--Dcar Sir:
For many years the thought has been with
us that there existed in Texas, as well as
in many other States of the Union, un-
necessary and unfounded prejudice against
the operation OF fire insurance companies.
We believe that this prejudice has come
largely from the lack Of clear understand
ing Of the insurance contract. or rather
of the one great principle which underlies
the insurance contract--tbat Is, the prin-
ciple OF indemnity. The prejudice is less
now than 1t was a few years ago, but II
is still strong in many sections OF the
state
Our hope is that this prejudice can be
largely, II not entirely, eliminated In the
near future by proper education Tin re-
spcct TO this particular line of bnsiness)
OF the rising generation OF Texans--atu-
dents at the university who viii, in the
near future, be in control OF the business
OF tho state and charged with the enact
lnent Of its future laws
The FIRE insurance business In its various
ramincaiions, reaches almost every tax
payer in the State the property Of the
a ttaf stffA md
orphans as well as OF great corporations,
Is all under the protection OF these firc
Insurance contracts. aud IL Is right ana
proper that the public should be well in
termed and technically educated in refer
ence thereto.
with a full understanding OF tbege con-
tracts, and the knowledge that they aie
based. or should be based. entirely upon
The principle Of fJdelnnity, viii come the
gradual and complete elimination OF tho
prejudice which now exists.
We are strong friends OF the University
OF Texas and wish to do what little we are
able In assisting II in its upward and on-
ward course. The broader education Of
large percentage OF the ambitious youth
OF Texas Is now. and Will be more and
more dependent upon the success OF the
Stale university.
With these thoughts In our mind. u mas
occurred 10 us that we would be assisting,
probably would assist very materially the
Efforts Of some OF the Door and worthy
Young men. now students AZ The univer-
sity by offering prizes for the best two
ESSAYS on fire insurance. 10 be written
hy students at the university In doing
this we should al the same Time. achieve
our main object In come slight degree by
directing the attention OF the students and
the professors OF the university TO the
subject OF fire insurance.
n the suggestion meets your approval,
We now ofier $3.50, TO be given as prizes
for the best two essays on some subject
connected with the fire insurance confrbct
xl5o for the first. 800 for the second;
ESSAYS to be written BY university STU
denis The details Of the contest, whether
the contestant shall be limited 10 the law
class or TO the literary classes. VIII DC
left entirety TO yourself and 10 those pro-
fessors whom you may desire 70 consult.
The only reservation we make for our
selves il he right TO appoint judges VINO
shall decide upon the merits OF these pa
pers.
Conditioned upon their acceptance, we
viii appoint AZ judges for the papers for
this current session Hon. y. s Miller OF
DALLAS. formerly law professor At The nni-
rorsity. Judge Norman q. Kittreli OF
Houston and Hon. A " Houston Of san
Antonio. q..
VIZ hand you herewith our check for the