The Guthrie daily leader. [volume] (Guthrie, Okla.) 1893-1996, 1905-12-23
Cry orvlne T. smith,

,,o,,ts b., e,,ttto h, 49, u,, No.,
81. ttss - - a.. 49,
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whose counsel and. nfluence arc sver
paramount In weaving the legislative
fabric Of bis state. ana In constriioe-
aud making practical application of It's
law. And 1t is particularly as5ropri-
ate. as tine time draws near when n code
must bc forlnuiated for the now state.
that this subject should receive thought h.
nn consideration from her lawyers
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tcr 1n tbe avs [,6or ~, ,yorl.,.s co,,-
,.,.,,. 49, t, , ,
lain saiiinr yssseis ana ,,,,,,, tt,, ,,eri,s
~ t,.. s,, 49,. ~, ,.,.. ~. .,.
WINS tbs ci,sfor, of,o,,,. ,'or.l,..,.e ~
e-an,bie ~ fbe t,,.o-,e a,,5 -,
tousls mar tbe b.rhor i, ,ystot. .,d
o,ft f,, th,i,. t,.on,i,,, s1,f,' H., -
qnaD,,i.te ~ ,.s,-.. -. ,,...,..,l,
~ to yybe, ff oto on ts,,. ,~,,,i,, 80,
n oftor b,,re,.1 e,,o, 4, -, 49,.
An ,y,s st,l,o5 nnon Sta,i. vs., ''o.
would lay against the chance OF his own
success. SO that in the event of fail
ure he had saved for another ofrort
or cop,.. 10 u,oe s-,,,,.s oo,,..,.,...,
nr,b,tl, ma, +, ,a,,.,,-,,,,- ,...,,i -.
n nror,.. ,,,,,,,to,,e,,t - oes,,.,- ~,
e,at, ,,o,,td s,,,,.sss',i,,. -, .,..-,.
ana well ls,ou,, ,,o,.aso sn1 ~, o,,s,
or cn,at.to,,s =, 49,. -. .. ~,
f,stsd occorai,,,. 70 th, ha.a,, i,,,.,,,,,'l,
Ttence n rrc,,,o,,,,,, g,.,,,,,.-t ~. -
aronrnt "a ia ,.f, 4, ~. -. ~ -,
~ a ,prro,,i,,.'t,,, ~, ,..,,,. - "a,
set ma oo,.,,o 49,. 49,, t,.o..
c,ros - 49,, t,,. 49,. -,
ciination ~ in5,iga 4, thfs go, 80 -,
e,r .hat a, 40. -. ..-,,.,
Vide ~ ros,o'rsi,,,,tt,- -,
he. M. ,,,,,o~,,.,.,t,r, 80, 20 -, ~.
e,,roe1 , snocia, ,,r, - ~ 80 -
ana rocoi,.o,, !, 49,, 80. ~
n,i,,r, ~ b s,Jd tnat 49,, a. ,.,.,...i.,.,
no-i,v ,vss ,n,rei, i, ,,,e,,,orars,,,,, 10 no
v0aeer vyritte, a, ch.ii- ,ro,, +. 49,
bosrd at Ilo,.1.s coefoo ,,n,,s T.,
don ara tb,f fro,, +bt, n,,r,tt,, 49,.
nin, snrane tho groot IsngIish cor,,,.,,,,,
long known as Tbe Trn6orrr,,e.s
rlovd,s
~ VIZ hol lohs un'ii .he principles OF
80 ~ w. "ppileu 70 otler ooh'ln-
evolution has bean constant. a boe
reaohed spcb a efaga mat ,ts rop,,ec,.
tions are inn,,merahle ard a. is ,o,,, 20
eardsd ms fnndanartal maj ,ns,,r,,,ca
may ba anniiea a. an,, co,,tinse,,,,, th,t
can be reai,ced to = matbernaticaI cow
don II is uonecessorv here ~ rasor tn
detail 70 the MANY s,,btocts m ,,hich 49,
princinle of tnsIranco a. no,,, ,,ractt-
callv anniiea. n is sprfic,ert ,ar ,ho
puroose of diecussion ~, d,,,de ,Io s,,,,~
iect generally into Two claeee viz ITO
Insurance ana ins,,rarc., otho,. tta,, iteo
In the incentlop Of the ins,,r,nco hns-
mess each pnderv,rite,. vyoiehed fo- MIN
self the risk involved ana hiJ f,r tha
mart he wisbe, ~ oss,,r,a. I'M. t,is o,,,,,-
bersome and upsatisfactorv metbod
thouph stlu An ,eo In +. so,re1,b-t r,o,,t-
eca forr, bas i,r,-ot,. ,,i,,or No.. 90 t,e
,oor. -,,o.,sr,, r,,.t,,,,,s - ,,,i+,,,~ a.,
,,r, 5r,c,,ites, cori,al INTO +, cl.,,e,-, ,tC,,,.
a-,s n a, -. - ,l,.,,.. ,,,,,,i,,',, -.
ticstlo ~ c.rr,, -, ~, t,,st,,o.., - j.,
s,,ra,,c, ,,cor,t ,tro,,s,t A.. t,,..4,',,,,',,
ta1,t,, 30 el,,,,,ratio,, ,,.,,..,, .'..st', :.
-, -. H.. .,,',,,,,..,' .s
,,,,,,,.,,,..,,,,s -. 20 - ,a.t,ei,-...,,,,.
Win the evolution OF corporations ana
the various purposes aslde from the ous-
mess oi insurance lor "hlch they were
or may be organized ana the alstlne-
uoh between JOINT STOCK companies anu
mutual corporations TINS paper mas hoth-
ing 70 40 Sniticleht II IS 10 observe
that they arc WhoNy creatures OF the
law ana as such amehaDle 70 the law
The recognition OF the business OF m
surance' ana particularly OF corpora
lions engaged lherelh' Involves many
questions Tor the consideration OF the
law making power IL mas peeh helu
not 20 De WITHIN the powers OF the ieu-
eru government section OF the ied-
eral constitution PROVIDES lhat congress
shan have power among other 'h'nss'
TO regulate commerce win ioreish ma
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eoi'1ti' 'N'.oi' 49, 49, 80,
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s'"'s9 80 '',e as
80 Poi,si 1'
eo.i''N' VIZ ''V