Los Angeles herald., 1905-07-16

Herbert Wolfe, who has been employed
at various times by the insurance de-
partments of Maine, New Hampshire,
Connecticut, Wisconsin, Minnesota and
other states to conduct examinations
OF the companies under their juris-
diction. All the states, territories and
districts in the Union provide for the
by means of insurance departments,
but great defect in the system in
vogue in this country is that the sup
ervising officer is part Of the political
machinery of the stat,, the office being
in most cases handed out as a reward
for political services Thus men with
no technical education are placed in
charge of one of the most important
bureaus, and then, in course of time,
swept out of Office to make way for
new. inexperienced men. Mr.. Wolfe
iptimates that the insurance laws of
most of the states, having been en-
acted when life insurance companies
were practically in their infancy are
Inadequate to meet the needs of present
conditions. The chief points of regu-
lation to be aimed at in insurance laws
are: The establishment of a standard
OF solvency by which the financial
condition of the organization may be
tested; the designation of the invest
ments in which a company may invest
its funds; the prescription of adequate
a,. xxybi he Il, I
render their annual accounts; and pro-
viding for the verifications of these ac-
counts and reports by a personal ex-
animation of the affairs of the COM
pany on the part of the supervisor.
Introducing her character study of
John D. Rockefeller which begins III
the July McClure's. Miss Tarbell thus
states her reasons for undertaking an
analysis of "the most important man
in the world:
John d. Rockefeller, measured by
our national ambition, is the most sue
cessful man in the world-the man who
has got the most of what men most
want. How did he get 1t, the eager
JONSii c1ANob eiAAh oohlll6, olIlNCo W llIll-
tate him as nearly as ability and pa
tience permit. Thus he has become an
inspirer of American ideals, and his
methods have been crystallized into
great national commercial code. rior
is this all. Mr.. Rockefeller distributes
money in charity and in endowments
If not our first, he is certainly our Sec
ond philapthropist; the amount of the
money given being the standard. All
over the land those who direct great
Institutions are asking, Can we not
get something from him?' Receiving
his bequests they become at least the
tacit supporters Of the thing for which
he stands-that is, John ID. Rockefeller
exercises powerful control over the
very sources of American intellectual
and religious inspiration. Now. man
who possesses this kind of influence
cannot be allowed to live in the dark.
The public not only has the right to
know what sort of man he is; it is
the duty Of ths pubic to know"
VIII Carleton's magazine Everywhere,
for July. contains some especially happy
contributions The leading poem by
WIN Carleton, '"rhe Fourth at Sea-"
gives graphic picture OF boys with
limited facilities overcoming all diff
hculties to celebrate the Fourth. Mar
garet =. sangster has her usual quota
or ever popular poems The Indian
poem by Elaine Goodale Eastman. "The
Pride OF Katah" "a woman's story is
noteworthy.