Morning appeal. [volume] (Carson City, Nev.) 1877-1906, 1905-11-24
SOME FOOD ron raouoHT.


?
Life Insurance is . question thar
the teachers Of our publics and High
Snoois should give the young men
some instruction on, being strictly Z
mathematical proposition. based upon
mortality tables that are as correct
- human foresight can devise. being
recognized as such by the highest
courts Of our land. and is there
that the public of our country know
less about and take for granted more
than any other proposition that can
be named. Life insurance is today
the one thing in which the masses IT
the American people are pre-eminent-
~ interested. The men and women
who are putting their money into
these institutions year by year Will
outnumber many fold those who are
investing in savings banks and all
other systems of savings as they
number many millions of people, for
they hold contracts of the face value
Of more than sixteen billions of dol
lars. But not all have invested WISE
~; on the contrary not less than
seven billions of the insurance ca
ried in this country rests upon an un-
sound basis and erroneous system
that is certain to end in disappoint-
ment and failure; neither are all
those who have thus invested, not
wisely, but inconsiderately, upedu-
Gated or simple minded, but on the
Contrary many are educated, profess
sional men of all branches, but IL
norant of the simplest principals of
life insurance Instruction in essen
ton principals is even more impor-
tant in this science than in any other
line of business, because the resul
Of a mistake are more destructive
One may invest in other schemes
promising impossible profits or re-
suits but the truth is not known and
the mistake may be remedied but not
SO in life insurance. Moved by the
highest of all pure motives being ua-
selfish mainly for the purpose IF
providing for others one investing III
fallacious system of insurance con-
tributes to it its hard earned savings
during many years and when collapse
comes for come it will, just as truly
as the night will follow the day, the
disaster cannot be remedied, being
= too old or in falling health, is unable
to get true insurance, leaving his
wife and children without protection,
his old age unprovided for. l am not
urging that school teachers undertake
the task of making actuaries out ri
every school boy. A few simple les
sons will suffice to fix indelibly in ths
mind of the average schoolboy tbs
essential principals that the question
of sufficient premium, an adequate
reserve, is not matter of guess wOrl
but Of mathematical computation. Il
this principal could be understood b.
the masses in its true light, thei
work for the confidence man in lif'
insurance would be gone.
True insurance is humanity's finan
cial haven of security, and is the onl
theme or scheme known to maj
whereby he can guarantee to his brid
a true protection against poverty
while on the other hand, fraternalisl
with insurance as basis is the grea
est confidence game that was eve
perpetrated ON an American bride, Il
1t guarantees her nothing. We WI
analyze. the case, taking mutual lii
insurance companies vs.. the Woot
men of the World and its kin
There never has been an honest clai
repudiated by any mutual compan
in the United States, but, on the CO
trtry there has been many claim
paid that never should have bee
paid for the insurance was obtaine
through fraud. But how is it vii
assessment projection? Within tth
last twenty years over 1900 asses
ment concerns have failed, leavir
over 100000 OF Souls VINO iveu
see their fondest hopes wither az
decay. with hundreds of $1.Oo9,O'
contract responsibilities that W
= never be paid. The highest court
England has just concurred with T
Court Of Appeal in the case OF H.
Foster vs. Mutual Reserve of Nc
York. Verdict: A return to \
Foster of all money paid ($75O'
claiming the contract to be Of an
biguous character trickey and decel
i've (Which all assessment contras
are). This means bankruptcy and
receiver for the company as
British policy holders will dema
the same. The American Legion
Honor is the last one to fall. WI
is the lesson to be learned?
<&rcro Mood IN 1Rs