The Ellensburg dawn. [volume] (Ellensburg, Wash.) 1898-1914, 1904-07-21
THE pEOpLE'S TRURT.

Editions Stakcd in Gambling WIN
Drath.' is the way Il New "'h
paper heads report Of the pas, year
insurance business of the country
That expresses conclscly IN OF" "e
lnsion that is not entirely extinct.
Many people used to refuse /" take
out lite insurance because they Thought
it wrong to bet, and others because
they would not 90 into II game III
which they chad to die to WIN.
But the mere statement OF the mag
nitude of the insurance business Is
enough to show how these ideas nave
been outgrown. This is not such Il
nation of gamblers that It's people
would bet SIS 900, 900, 600 on II game
of any kind. The truth is that the
gambling is on the other side. Inc
man who does not insure bets that he
will live. If he wins he saves little
in premiums: If he loses he leaves his
family unprovided for.
Insurance has now become Il rec
ognized form of property. II the
holder of policy dies its value
GOES to his heirs. if he lives he can
collect it himself The latest stalls-
tics show that in Philadelphia alone
the amount of insurance IN force Is
nearly 5000, OOO. 600 - equivalent to
the entire bonded national debt of the
United States. In New York it is
about $1,000, 100000, or nearly four
times the market value of the Stand
ard Oil company.
The people of the United States are
carrying lifc-insurancc policies about
equal to the nominal capital of all the
trusts and all the railroads of the
country combined. They represent Il
sum substantially equivalent to on.
fifth of the entire estimated wealth of
the nation, public and private. There
are five lifc.insurance companies each
Of which has policies outstanding
equaling or exceeding the interest
bearing national debt. The old line
companies have, all told about / ,OOO,-
600 policies in force, and there are
over 1900. 900 members IN the fratcr-
nal insurance orders 1t is safe to
say. therefore that at least 10, 900, 600
heads of families, representing 90
OO0, 600 people, are carrying life il
surance of some sort 1t is the most
gigantic cooperative enterprise in his
tory. 1t is II voluntary pension
scheme on II scale that dwarfs any
thing attempted by any or all of the
paternal governments OF Europe Its
scope is extending 80 rapidly that
there will soon be hardly family
outside of the submerged tenth,
without share in its protection.
The American people are now talk
ing out new insurance at the rate OF
$S,000,O0O day-probahly thr c
times the present cost of the Russo
Jap nesc War to both the combatants
combined. When we are worrying
about the concentration of wealth in
the hands of the trusts we may con
sole ourselves with the contemplation
of this tremendous popular savings
agency, whose operiions throw all the
trusts put together into the shade
Editorial in Saturday Evening Post
July =, 1904.
Note what one of the clearest head.
ed writer's on economic questions be.
lieves on the subject of lite insurance
then drop line TO the undersigned
who will give you facts and figures
Send your date of birth.
THE MUTUAL LIFE INSURANCE
COMPANY or NEW YORK has $4O1,
S51 ,66l. Sc assets, and has paid policy
holders $3.50, 100000 during the past
sixty years. Write for figures to
+. l.. SMITH, District Mgr,
EllemSburg, Wash