The Oskaloosa herald., 1905-10-05

FhN lheWNhs haA heNA tNMAvestA Ny
lhN spectacular nflsAn ~ tntFfnel
NAlahNhh. ~ MlsAwslrpl wha threw
WI hla pNliNs w NnN ~ sAp niA HIM
cDApAnsph, thefNhf nnrfAelne the
mu6ey Ne hAa pAia ~ pfemluma and
lmlhR NE benvhk 10 hIM family IN cNee
u hia death. 80 much has been pflnt.
"a about the bic Insurance companies
milking The poor pnllvy holder" and
letting him Ahula the hAe" While shu
officials walk On with his hardeafned
funds. that ghe Impression has mn.
auuhlpdly crown among those who are
easlly Influenced Ny this Eoft o. tails,
that ,hey are being swindled out o.
their rights and stand IN danger ~
losing everything they have paid 20
the companies IN which they are In.
aured.
AS a matter Of fact II IA the beliet
Of astute students of "hlgh nnance"
that the present investigation or m.
surpnce corporations will prove inors
OF benefit 10 them than damage,in.
asmuch AZ the sensational clamor
aroused by Il IL most likely 10 AFFECT
tho small policy holders, who are apt
TO become alarmed at the flaring head.
lines and reckless charges OF gross
Acknowledgement aud IN on effort TO
preserve at least a part OF their saw.
ings, hasten TO cancel their policiea
only 10 find, when too late, that their
loss is due solely to panic but yet Is
Irretrievable.
Thus, instead OF losing money be.
cause OF the revelations and their Of.
feet upon the public, the life insurance
companies will clear millions OF dol,
lars by reason OF timid policy-holders
allowing their policies TO lapse, or
cashing them in and thus FORGETTING a
large percentage OF their value.
Every effort should be made by the
reputable press and by conscientious
and intelligent speakers to disabuse
the minds OF the small policy holders
In those great assurance associations
oil any idea that the companies are in
the slightest danger OF falling to carry
out their contracts with them. IL
should be pointed ont TO them that the
loss occasioncd by their Withdrawals
will fall, IL at all on the multiplied
thousands OF men who have worked
and saved to carry an insurance pol
icy for the benefit OF their families
while the larger pollcy.holders, keep
Ing their premiums paid, will not only
realize the face value Of their policies,
but share In the increased dividends.
Increased at the expense Of their
shortsighted fellow investors, who
withdrew.
As the Hawh-Eye has said, good will
undoubtedly come out OF the inyestl-
CATION now going on. Where the
methods OF doing business formerly
employed, are open 10 severe criti-
cism, they will undoubtedly be chang
ed and the policy holders will largely
profit by change in the methods OF
handling the funds by which the In
surance companies will secure larger
returns on their investments.
There ought not be any hesitation
on the part OF any newspaper TO give
assurance OF the stability and rcspon-
sibillty OF those insurance companies,
and TO combat, as much as possible,
the effect OF the vicious and unre-
strained sensationallsm Of the yellow
press In connection with the inyesti-
CATION. The amounts Of money In.
volyed IN criticised transactions are
but a drop in the bucket compared
with tho millions and millions where
the soundness Of the investment han
never been questioned.