The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1902-01-01
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THE EAGLE AGAIN wHAcKEp.
N. NJ. MyRpocK. Editor


THE EAGLE AGAIN WHAcKED.
An editorial appearing the Eagle three sew
years ago. crtcizng the methods management and
policies of the American fire companies and in
which suggested necessity of such legislation
would protect the insured against sharp practices
insurer has unearhed by the editor of the
Insurance Press makes it test for scoring and
Ting editors in general those who presumed advise
legislators in the of the people the editorial
referred to the Eagle declared that what
of insurance this country an insurance act that
viii insure that will insure home for instance absolutely
against fire. wind water mobs earthquakes lightning
Or what not The editor Insurance Press no doubt
raised laugh expense among insurance agents. ex
pers and officials But they didn't laugh the editorial
Two three companies ordered their local agents
cancel their policies the Eagle willing forego the yearly
premium for the sake a whack back which whack back
would have saved the Eagle by just so much.
The urth is if all the insurance companies should go
ont of business today. co:Etrs be no poorer
tolcrrow. individuals who pay advance would
be short guaranty only The capital of insurance
companies consist of the paid them as premiums
the aggregate of which form immense captaliza
tons The greatest benefcares of insurance companies
are their officers next their stockholders and last the
aggregation that puts up the money
But such kind Of talk designated loose and cratic
by the editors and publishers of insurance organs who
In turn in dsinterested their bread butter
out of the money paid by the supposedly insured.
The writer in the journal named refers this
Kansas specimen" That is just are and some
thing of witha And we are so obtuse as
to fail Of understanding why property or home should
not could be absolutely insured against destruc
on and for equitable per value paid annu-
ally The insured pays money convinced that in case
calamity should him in the way of accident he
would be made good the aggregated sum which he
helped to put up. But when accident happens the
chances that insurance agent viii paralyze him
in nterpolating all the provsos exceptions the
hundred long lines of fine print which fills up
the face of his policy
The Insurance Press of New York is informed here
with that while but a kansas specimen" and
that while not expert other insurance
that neither crank anarchist or fool We believe
in the aggrgang Of capital protection the seg
gated contributors When insured property is burned
down it ought to be paid for, the full sum named in
the policy, and without expense bubble or litigation The
complaint objection of insurance companies that prop
critics often burned for insurance puere At
most it is but admission that the scamp who burns
his property smarter than the expert agent who
insured him. At any rate should not suffer
because scaawags to beat company
sometimes.
The Eagles contention which is glibly criticized
was for legally compelling insurance companies pay
promptly and in full the of their obligation If they
insure property for than that is their own
lookout In the next place the Eagle urged that resi-
dence insurance or insurance Of the home should
absolute against destruction character or
from whatever The risks against wars nobs light
nngs. hurricanes and the like very slight and
the added premiums for these consequently small Fire
the great and everhreatening danger therefore
must bear the bulk of the insurance But in any
and in all events the payment insurance should be
prompt, fun and compulsory