Albuquerque evening citizen. [volume] (Albuquerque, N.M.) 1905-1907, 1905-07-01
Mr.. Lawson's "Forty Cents on the
Dollar"

49,
Dollar"
Thomas w. Lawson is appealing to
all policy holders in the three great
life insurance companies of New
York city to rally around him while
he makes war on the system" One
of his great aims, as he sets it forth,
is: THE reduction of future pre-
MUM payments to forty cents on the
dollar OF what you now pay
1t is to be hoped that no policy
holder will so much as send his
name Professionally to Mr.. Lawson,
beforeSae. looks into this question OF
the forty cents on the dollar" The
information he needs is available in
any book or encyclopedia article on
life insurance.
The policy holder will learn that life
insurance is, not a charity or a gam
BILE, but a business based on mathe
MATES and cold statistics.
He will learn that mortality tables
are in existence which show the prob
abilities of death of men at each age
based on the actual experience gath
cred in the insurance business.
He will learn that the met pre-
MUM" that must be paid for insur
anee is calculated directly from these
tables: that this met premium" il
the amount that must be paid on the
average to meet death claims, en-
tirely without regard to expenses O
| conducting the business, and that l
these net premiums are not saved
up penny for penny for exclusive
use in paying death losses, the com
! pany is bound straight for bank
ruptey.
He will learn that to cover the ex
| penses of the business, these net pre-
miums are loaded" by adding a per
| centage of their amount. The ne
| premium, plus the load, gives the
| gross premium which he pays for thii
policy.
Finally, he will learn that the load
ing rarely, if ever, exceeds 40 pei
| cent, even in the classes of policie!
hat must pay the highest rate. Th'
new International Encyclopedia, says
in summing up the pertinent facts
"Of the gross premiums therefore
| from 16 2-3 to 80 per cent Is load
ing"
Now, If the current premium rate
in this country are loaded only to thu
1 0AtCnl vi OF DNA WIN ~ Naoe ~
| the average, at least 70 per cent o
the premium money must be sc
aside to meet losses, how can an.
man honestly propose a scheme whicl
will reduce premiums to 40 per cen
of their present Size? Is not such
proposal a deliberate bid for bank
ruptcy?
Whatever opinion people may hol
Of Mr.. Lawson in his role of a "voic
crying in the wilderness" they shout
judge him in this cast on a basis G
incontestable figures, and act accord
ingly.-Chicago Record-Herald.
Proposals for Wood and Hay: A
buquerque, New Mexico, June 10, 1901
Sealed proposals Endorsed Proposal
for wood or hay" as the case ma
be. and addressed to the undersigne
at Albuquerque, New Mexico, will b
received at the Indian school until
o'clock p. m. of July II, 1905, for fu
nishing and delivering at the scho,
as required during the fiscal year en-
ing June 80, 1906, about 70 cords {
wood and so tons of hay, as per spe
iications obtainable at the schoo
Bidders will state specifically I'll
price of the wood and hay to be Q
dered under contract. The supplies s
offered will be subject to rigid inspe
ton. The right is reserved to reje
any and all bids, or any part OF al
bid, II deemed for the best interes
of the service. Each bid must be a
companied by a certified check
draft upon some United States depo
itory OF solvent national bank in Il
vicinity of the residence OF the bi
4 der, made payable to the order of II
Commissioner of Indian Affairs, (
at least 8 per cent OF the amount
the proposal, which check or draft W
be forfeited to the United States
case any bidder or bidders receivil
an award shall fail to execute prom
ly a satisfactory contract In accor
ance with his bid; otherwise to be !
turned to the bidder. For further
formation. apply to James X. ALE
superintendent.
DOES YOUR COFFEE SUIT vol