Omaha daily bee., 1907-03-31

CONTINUED from Page one.)
and they will tell you the Armstrong laws
are no good, and that there is nothing in
the business now, and for them and their
ilk there is nothing, for they and their
kind are down and out. This class Of
agents is a disgrace to and have brought
a great and. might almost say. sacred
business into disrepute; they were never
intended for such a high and noble pro-
fession and their place is in promoting fake
mining schemes. selling oil wells in Mars
or plain blue sky.
Then there Is another quite large class
Of alleged life assurance agents who under
the old scale Of commissions could exc
out an existence on $4,000 OF business per
year. Under the commission rate fixed by
the new law this class Of incompetentB and
barnacles Is also down and out and must
henceforth seek greener fields and pas
lures new"
With these two classes OF unworthy rep
resentatives out, the field is clean and the
atmosphere very much purified, and men
remaining in the business. with clean hearts
and hands. willing TO work and wait, and
live economically, can and will build up
good incomes under the new Armstrong
commissions.
Help for the Solicitor.
With our business conducted in the
future, as all companies doing business
In New York are now compelled to. with
the most careful and strict economy, safe
guarded by the most stringent laws ever
devised, the agent himself Is much stronger
than before, for he goes 10 his client foEti-
ned with the absolute knowledge that for
the future policy holders win get all that
l
with this knowledge and with faith In him
self he win present his case 90 foreibly
that his logic viii be irresistible and double
the business win follow his EFFORTS. The
honest, square life assurance agent need
not 90 to men today with cap In hand, but
with head erect and self-respect. looking
his client straight In the eye, for he Is
nowin a profession that In the whole world
there IL none higher or more noble.
In passing so much legislation In 30 short
a time some errors were sure 10 creep IN;
one OF these Is the elections In purely
mutual companies. as is seen by those that
are now IN progress at such a terrible cost
] to the policy holders, but this and any
Y other defects viii be speedily Tectihed. for.
: as Governor Hughes said. "the legislature
In New York eonvenes every year 70 right
! errors"
Reform safe ana Sane.
! In closing, let me say that II today II
were in my power to cause the repeal Of
+ the Armstrong legislation and put the life
/ assurance business just where It was two
years ago, I would say no. a thousand
; times, no; rather let US have this business
conducted as Il Is today by all the great
! companies, many Of whom are not domi-
ciled in New York, but who have neverthe-
Z less ConfDrrned 10 the reoulreuaenta n the
/ laws OF that state, on a high plane, safe.
sane and secure: far removed from every
/ avenue OF speculation, and can only ex-
press the hope that the example set by New
z York will be followed by all the states.
: that the life Insurance companies east and
! west, north and south, may be a tower OF
I strength To that end the people Of this
I state. through the legislature now 10 ses-
sion, would uphold the hands OF our auditor
OF state by passing the measures he has
recommended h D. Nicely.