Evening bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1895-1912, 1905-11-04

OF the average man TO recognize the
obligation of insurance without i'm.
Fortunate solication. Thus, too, the
matter Of syndicate participations is
made imperative by the laws of the
business world, and to ask insurance
officials to disregard these and return
to more primitive methods is eQuiva
lent to asking transportation officials
to put aside the locomotive and the
steamship and go back to the wheel.
barrow.
Federated Anarchy"
Above all, this investigation will be
Of incalculable value II II brings the
American people to full realization
of the system Of federated anarchy
under which, so far as insurance is
concerned, we are living, and to which
the worst evils developed by the in.
vestigating committee are primarily
attributable. Although our insur.
ance companies, both fire and marine,
long since have overleaped the bound.
aries of states, and although the very
nature of their business requires them
TO seek policy holders in every part of
lie country, the insurance companies
thus clearly national AL their practical
operation-are subjected to the arbit.
rary power of every state in which
they transact business. Their situa.
ton Is precisely that of the Chinese
merchant, who is passing through the
nineteen provinces Of China must pay
such tribute as the mandarin of each
province may dictate.
THE position of the Chinese mer.
chant is tolerable, because he is simply
In transit, and the evil is at worst but
temporary In character. But the In.
surance company, by the very nature
Of its contracts, must remain in the
state to fulfill its continuing obliga.
tions, and It cannot freely elect to do.
part, II dissatisfied with the local con.
ditions imposed upon It, and yet II
exists practically by sufferance, and
this vast business-greater by far than
all the financial operations of the
United States government-is com.
PEELED to submit in the states other
than that of its incorporation to such
conditions as the caprice of the law
making power, and at times OF execu
tive officials, may suggest. Thus the
insurance company tries to serve fifty
masters, and with the usual result
Existing only by sufferance, they ar!
an easy object of legislative blackmail
Let those who complain of the larg,
sums expended by insurance companic!
10 defeat oppressive legislation remem
Der that the insurance companies rar
ly spend a dollar to secure favorabl,
Legislation. They ask no appropria
ton, they claim no right of way. Liz
the cynic in the tub, all it asks Of il
royal despot is to get out of its sun
shine.
Seek to Save Trust Funds.
THE sums spent have been expende,
10 save the trust fund of the polio,
holders from indefensible pillage
Censure, II you will, the hapless pas
senger in the stage.coach who put
q premium upon robbery by surrender
Ing some part of his valuables rattle,
than be killed, but let our sterl
mroalists visit their greatest con
domination upon the legislative high
waymen who hold up these great bust
ness interests, and above all, upon al
Indifferent people, who clothe thes,
highwaymen with the power to hole
up their victims. Even were this darl
feature absent, no business institution
could stand the supervision of so man!
masters, with good results. The In
surance system is sick, but too many