The Frankfort roundabout. [volume] (Frankfort, Ky.) 1882-1908, 1899-06-24
agement and diligent energies have
h.,slI.,I


r builded up.
+ If there is one thing some people
= hnOW every thing about IL Is insurance
, and those who have the least or moth
ing at all to insure are the ones mos
willing and ready to lend the weight
, OF their pOnderOus intellects to the
settlement of problems that have
: puzzled the brains of the wisest and
most honOred of our profes ion. The
past Is strewn with wrecks of insur.
ance capital. The procession Is a
continuous one, and, as far back as iu-
vestlgation can 20, you will find
where hundreds of companies and
millions of insurance capital have
been wiped out of existence. About
81 joint stock, fire and marine insur-
ance companies have failed, re in
sured, or gone out Of business i'm this
country within the past five years.
Even. ubiquitus "high rates." that
demon with two heads and fOrked
tail, did not save them. This does
not include the scores of cheap de-
funct Mutuals, LlOyds &C., organized
to catch the unwary, the wrecks of
which enguIfed many thousands of
innocent and honest policy holders
and claimants who lost their all.
This is an awful record, and yet the
attention of the insuring public cam
not be drawn to it for a moments
consideration. Those companies
that are ahOat to-day and bear hon
0red names are such as have con-
Quoted their business with ability
and followed the well known and
beaten paths of conservatism, and
steered clear of the rocks and the ui.-
professional practices which have
swamped 50 many others. 1t is to
these "time.tried and fire-tested"
institutions the policy holders must
look to carry their interests safely
though the firery times which peri
odically, sooner or later, will surely
visit every community.
This Association was the offspring
ola conspiracy" 1t was brought
forth at an hour past midnight, be-
hind closed doors, i'm room No. 80, |
Capital Hotel, Frankfort, KY, five
years ago. A small band of c.
workers, among whom was our
worthy President, had Just gone
down in defeat for the third or fourth |
time in an effort to pass through the
Legislature that meritOriUus meas
ure known as the "ReSident Agents.
Bill" now law in nearly every
State. The friendly Senate had in
dOrsed it no less than three different
times, but owing to short sessions
and other obstacles in the way, it
seemed to get hung up in the House.
Feeling somewhat depressed over
the last defeat, and casting around
for some strong fertilization from
which to again train our batteries, it
was suggested that perhaps a State
Association could correct the evils
and effect the desired reforms aimed
at through legislation. Wethen and
there organized the Local Under
writers Association of Kentucky.
There were just enough of us to make
a full complement Of officers, so each
selected the particular Office he pre-
ferred, and was unanimously elected
thereto. From that small beginning
has grown the present magnificent
organization, and its influences have
into other territory, until
to-day similar Associations are i'm
successful operation in nearly every
State in the Union. The whole IS
now focused in our grand National
Association, which meets in Buffalo
in August. The conspiracy" that
brought into being this State Associ-
alton has somehow escaped criminal
but this Association is
young yet.
l had hoped to extend to you to-
lay an invitation to meet in Frank
Ort next year. But the dead line
which has been drawn around our ter
itory against all insurance organiza-
ions prevents me from Offering you
UGH courtesy. | shall not invite
you to partake Of the hospitality of
he Capital City until l can do so
With QHcidt assurance that you will
lot be treated to "crininal diet"
while our guests, and passports can
'e furnished for your safe return
lome.
A few years ago Nj. Quad, of the
Detroit Free Press, thrilled the land
With personal account of "HOw it :
cit to be blown up on steamboat" ,
Within few months we have all I
'een RECALLED with stories of the suf- q
ering and daring OF our brave soldier :
oys in Cuba and the Philippines, /
mil one would almost suppose that :
he tented field and the battles van :
re now the only sphere in which to q
how yourself II man. But if any \
ne thinks the lot of "A Convict in 3
Disguise" bed of Roses, and is will +
ne to trust the narrowing confessions +
lst given, l shall be only too glad TO /
wap positions with him until he is !,
eady to cry "enough." The alb i