The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1907-09-18
to the thrifty. taking money from the


policy holders until 1t becomes men
ace to solvency itself. Laws have been
enacted in the States which are OPP
pressive. New York would limit the
amount OF a company's business, and
In many States the right to appeal to
the Federal court Is revoked. All of
these measures are repressive, radical,
Revolutionary and highly dangerous.
The attitude of tho modern legislator
to the Insurer is that you have money
to invest, then give the State some
OF 1t. The policy holder has no pro-
lection. Some day they will realize
the brutality of this tax method. You
ought to have uniform system, for
the States to-day are violating the
principle OF mutually.
"It has been alleged that, the life
companies violated this principle,
which Is grevious, but how much more
SO In a State?
No Federal Appeal.
I'm deciding the right of companies
to appeal to the Federal court the SUI
preme Court Is divided. The State puts
up what conditions 1t may and foreign
corporations must comply or get out.
1t would be more honorable to deny
the union of States than to set legis-
lative traps in which life companies
may be caught. These questions in
North Carolina and Alabama are not
new. New York cancels the license OF
company that goes to the Federal
court.
Another tendency is to limit tho
amount of business. Economically.
this is unsound. for it is against the
principle that competition be not sti-
fed. The Federal law wants compe-
tition in one line and the New York
Legislature opposes 1t in another.
~, vr,stp..n
when will the Judgment of states
manship take tho place of that of
politicians, who think they Sreform
when they destroy? These evils must
| be sremedied, but wonder II the cure
doesn't Kill. The railroad man who
violates the law should go to prison:
1 the man who floats watered stock
| should be regarded as a modern nigh
wayman and treated as such. The poll
ltician appeals to the baser thoughts
of mankind, the yellow press inflames
Iii raising a tempest to sell It's wares
Mr.. Kingsley said there were two
Itypes of reformers, those who REFORM
nv construction and those who reform
Inv destruction "The destructive re-
| former occupies a peculiar posltion. II
| he has leadership he becomes u lGElo :: .
He says tile only way to save 81 s.,
strike. burn and destroy. and ne OF ten 81,
lfinds himself In POSITION Wl l'a -
can work the greatest ruin.
Tbe insurance Politician.
.rhe insurance politician has nesunl
to assert himself. Against the Juus-
| ment of members of this cohVenel sll
| he can never succeed. 1t rs a away .
vonr duty to exercise wise discretion.
pa sure when you condemn dishohest
| men that YOU are not inviting others
5inftnitelv worse. Only two per cent cent
of life Insurance managers deserve
yo,,r censure. You will stand ike INN
against the schemes OF Insurance pol,-
ticiansaI believe. My horoscope IS
| ontimistic. There are dangers aheau
in taxation and paternalistic leslsl ,.-
1 ton. But given supervision py q IVY
az mon who compose this convehtioii
there need be no fear. My Judgment
(. is that the world will bury the names
an5 memories; of men who have gone
i IN and down the land preachinS
against the DEVELOPMENT OF ne m
I'VE should purify the .corporate e
i life. not throttle ut. The future %
/ American life insurance Is as c &c l ,
4 ns American civilization. 1t VIII nov nov
i fai, II lies too near the hearts OF the
4 nannle. It is too scientifically estab-
i iished. II fits into the plans OF a busy
world. 1t makes life sweeter, nap
,ier and more productive. With a u
Re fanltsEit has seen the opportunity
an,, answered It, The business OF
statas. 81 individuals and CIVILIZATION .'E'lI
i demands IT,
. "a &