Northern Wisconsin advertiser. [volume] (Wabeno, Wis.) 1898-1925, 1906-12-20

occur
9th. Automatic extension will be
granted upon failure to pay premi-
ums.
10th No large initial cost will b.
incurred for agents.
nth. Policies once issued will be
free from unjust restrictions.
~. A maximum benefit will re
suit at minimum cost.
Opponents of state insurance pre-
sent the claims in opposition:
list. That for 1ne state to under
take insurance would be the highest
form of paternalism, and that it should
refuse to enter into competition with
a business now regulated by private
corporations or mutual companies.
I'd. That as life insurance is pro-
lection to the public, as well as to
the beneficiary, it is important that it
be encouraged in every reasonable
way, and
Sd. Insurance by the state would
not secure the same proportion OF
policy holders as under present condi.
tons, and thereby one of the benc-
fcent purposes of life insurance will
be destroyed.
18th. That policy holder should
have the right to make any contract
he desires to enter into.
18th. That competition and publicity
will prevent any injustice occurring
to the policy holder.
THE experience of government In
surance has been too limited to ar
ford sufficient data on which to base
definite conclusions supporting or
negativing the claims of its adherents.
On the other hand. recent develop
ments made by the New York and
Wisconsin insurance investigations
refute some Gains offered in defense
of private companies as now con
Quoted.
"A brief statement Is submitted re-
garding the operation of government
insurance in several of the countries
where il is claimed to be successful,
including New Zealand. Germany, Eng
land, Austria, Hungary, France, Bel
GUM, Italy, Holland, Norway. Finland
and Roumania.
These and one or two other GOV.
ernments furnish insurance on a
small scale to different workmen liv-
ing in these countries, but none OF
these governments have in any way
entered the field of old line insurance.
In conclusion, we find that no ex-
pertinent in government life insurance,
excepting in limited form, has been
attempted outside of New Zealand.
mo state in this country has en-
tered into the life insurance nelo.
However, in 1905 a comprehensive
bin providing for state life insurance
was introduced in the Florida leg,s-
lature. After consideration It passed
the lower house with only seven dis
sentirg votes. 1t never reached q
final voteein the senate, and the gov.
ernor has publicly charged the meas
ure was stined purposely by life in.
snrance influences working through
an insurance lobby in the state sem
ate OF Florida. In a published state
ment of measures to be brought be-
fore the Florida legislature for 1907
Governor Broward of Florida again
urges the passage of state insur
ance law that will enable that state
to compete In all branches OF life in
surance with old line companies He
supports his recommendations therein
with instructive statistics and other
information bearing upon the subject
SO far as can be ascertained Florida
is the only state that has ever taken
any steps toward enacting state insur-
ance laws. Conditions In Wisconsin,
and In foreign countries differ, ana
the limited data at hand prevents
fuller comparisons being made by the
committee between the merits OF prf-
vate and of government insurance
business.
Compulsory insurance has many
advocates, and any legislation to that
end viii necessitate some form OF
state or government insurance. Under
present conditions we find that gov
eminent management Insures reason.
able salaries TO officers, low commits
sios TO agents, economical admits.
trat!on of affairs, liberal forms of poi
icies, equitable profit sharing and alb.
solute security.
These conditions are also possible
under private management, ana
should be enforced by proper state
regulation.
We believe that II the legislation
proposed by the Wisconsin legislative
investigation committee is passed IL
may meet many objections to present
conditions.
Your committee, IN presenting this
report, therefore recommends that
the legislation so proposed by the
Joint committee be enacted into law
and such laws strictly enforced and
given fair and complete trial before
the experiment Of state insurance is
attempted"
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HITCH IN OIL PROSECUTION.