Chicago eagle. [volume] (Chicago, Ill.) 1889-19??, 1905-10-14
Li0HT ON LIFE INSURANCE.


companies of the country are in the
limelght of public scrutiny and criti.
cism. II Is well for the people to take
counsel with those best qualified to
give 1t upon question of such vital
interest to every family and home in
the land
The Eagle in common with every
responsible publication in the United
States recognizes this fact. and desires
10 impress its Importance upon its
readers.
OF course. 1t Is the disclosures aris-
ing out of the investigation of the af-
fairs Of the Equitable Life Assurance
Society Of the United States that most
strlkingly illustrate and emphasize this
fact.
The address of President Paul Nor
ton in outlining the policy of the new
management of the Equitable Assur-
ance Society and delivered before the
convention of Equitable agents. held
mt Manhattan Beach, Sept. II. II ana
-. 1905. Is something we would like
To draw attention to I'm this conncc.
ton as being well worthy of careful
perusal and thoughtful consideration.
In the course of his address Prcsi-
dent Morton, having touched upon the
six months of storm ana tempest
through which the society had passed
and having referred to the bright pros.
poets now in view. put forward the
automatic truth that there is not any
nobler work or any way to serve man.
kind better than by enabling people
TO take care of themselves In their
old age and OF their families after
they are gone
He dwelt on the suspicious signs Of
the times, the splendid crops, north.
south. east and west and with those
conditions prevailing pointed out the
certain and sure deduction of the pros.
perity and success of the life insurance
business of the United States. In
speaking Of the future policy of the
society, Mr.. Morton said business-like
methods will prevail and retrenchment
be the order of the day.
II would like TO see the insurance
business divorced as much as possible
from politics" continued Mr.. Morton,
land | believe in proper laws safe
guarding the sacred trust of insurance
and in doing all that Is possible In 60
operating to bring this about. But
think we should have millions fol-
defense and not cent for tribute. ani
IL will be the intention of this society
hereafter, II attacked vlclously by leg
islaturcs or in any other way, to cal
on its agents and its polcyholdcrs Il
defend what Is right"
Mr. Morton in his address speaks Il
some length upon the work Of the TIVE
firms of chartered accountants whicl
are going through the affairs of tn
organization from top To bottom, ant
this idea Is one that suggests a slmia
course at stated periods in connection
with every institution of It's kind il
the country.
on this same line Mr.. Morton goe
on to say;
1T will he the policy of the ney
mana cement Of this society to have a
unbiased ana independent audit of nc
counts by outside accountants ever
year. There will De no attempt TO dc
ccivc anybody, not even ourselves"
This proposition Of Mr.. Morton's i
one that must give matter for cOnsiG
GRAFTON to all thoughtful citizens, an
may he the basis of future action, Q
which more anon.
Mr., Morton paints rosy outloo
for the future Of life insurance, an
i'm doing 80 has not failed to give som
highly satisfactory and reassurin
facts concerning the Equitable.
Already" says the able and bri
liant president, there has been a sa'
ing In the administration of the 81
ciety amounting to approximate
100000 per annum. This equals 4 pc
cent on an investment of sl5.D0,D1
want this society to be, and b.
leve II will be, the greatest, the Des