New-York tribune., 1907-12-07
CLEVELAND FOR UNITY.
coOpERATION IN Is NEEDED.
NILE Insurance Heads to Get Closer
TO PoLcyholders.

hn & 80 10 bless our people as long as American
's.n,zstion lasts. and Will endure and grow as
&c IS civilized man, while living takes fore
80, of the event OF DEATH
'aO -.o- Cleveland displayed much OF his oldtme
- e,aech in these words, closing his address
..asv at the first annual meeting Of the Asso-
- ~ LIFE Insurance Presidents, at the Hotel
ont over which he presided.
=, long address of the ex-President Of the
- states was regarded of the most
-, dafences OF the insurance institution that
-, heen delivered for many months. Il scintil
80 afth well turned phrases Of advice to the
&c of insurance companies, who formed a large
- of his two hundred hearers. He described
- r-eat growth OF the insurance business for
~, las; half century. praised the legislation that
,.ad Il on a frmer footing, al the same time
n5enanius what he regarded needless and
soqoeic legislation. He also passed mild strict
,,e on those Of the policyholders who arrayed
.tsnselyes with those who were opposing the COM
.ies At the tine Of the insurance investigation.
- ,,,s-stiou between the two interests, he said,
r.s essential The presidents Of twenty-five
,,o-e insurance companies We're present, besides
,hs supe-4ntenden:s Of the insurance departments
: = dozen states. Loud applause greeted Mr..
lgeveland when he entered the room. He said. in
part:
The subject life insurance in the United States
,-esenls features Of development and evolution
Thoh constitute il one OF the greatest wonders of
a1- national advanceIeni-%hether we consider
me radical and speedy change in our peoples ap-
--eotstio- Q bele1csnI mission. the
5sad1ng place II has suddenly gained in American
Sns.ness and finance We are in the habit believe,
~ regarding the last seventy years as the period
v,.hin which has been exhibited this great growth
snS expansion OF American life insurance
,5st beIonE 10 The days OF youth and young man
nood is exceptional, but ! easily remember the
when life insurance rather looked upon
sS 81 ATTEMPTED interference with the plans and
,-ooses ri ne Divine Arbiter of human affairs in
sssse keeping were the issues OF life and death.
arr vet even from such soil this time and bet
"a thea5 have eaqse R r sT9S Tsnree Senescencs
a. life Insurance. sentiment freed from superst-
doa with nc hint Of irreverence, but based upon
fhs clear belief that the Lord will provide not less
surely and effectively for those who, guided by
themselves. -,.,-
Inc 1piS bEs % j., "a hib ces Sas also been foI
loEed b. the avalanche OF legislation which in
syitaby results from violently aroused public senti-
remedial and 50 wisely restrictive that al ne IN.
ssusss sh299 @ Tg 6irIio i SINE az Of IL willie more
slorts " .a "a o @ ii-17,, ,9caessrv ma -es obe5jo
suce net impossible, and upon the theory that, De-
-ss $40 sbopld bring forth fruits meet Tor repentance
psrhsps should be patiently borne.
urvsings beginning with moral awakening, pass
;ag from stage 10 stage. reach hand-to-hano con-
fit OF violence and deadly blows. there appears on
The scene the noisy adventure VINO seeks ieaaSII
less dligent, fitch from the wounded and helpless
q legislation proposed, and fl some Of the states
actually passed under cover Of the excitement
aroused by the investigation OF life insurance short
o-ss Iz,3s r9r fe desire of honest men for re-
rssed or are threatened IN certain states, actually
s.sg u - a9ss ,.r egSSS rI1s Are Ua ~ die
regard the proof We have that certain state asE!ss
lsiurss taking advantage Of the condition OF lie
insurance companies struggling and staggering
statutes with ntte pretense O reforInatory reg ssi
uon, but with inordinate requirement OF conIlqou-
n 70 Eta5e and i9Ss TX Iaxat1o oFena 1nG 70 ocy
holders IN state, the exclusion OF the great
ee sice q or hon6T be subordinated or Pun a risk
Il is true that some OF the opJecqoila5oe t6-
sor proposed mas been defeated by the sieer IOLCe
q informing the legislative mind concerning N
questions involved anG u IS tTle IA -;, worse
thgn prejudice. Indifference or careless ignoTah
ce-tatnly erough in the entire body OF IL 20 dis
courage and i-ritate those who seek TO honesty
snd successfully manage lie insurance y, =
tiously condemn legislation INTENDED f0r gonr ~
sclous that in your cases such restraint IS IN IN.
necessary nor can Il be wise 70 rebel against laws
hecarse they make the work o. ianagtis1i . &c ~
snd more irksorne This IS not 10 say thaI N aIiS
one ioss vbeTe the duty You owe your policyhold-
ers OF The sacredness Of your promises = Ln
snd protest. the funds which you hold for Their
nest and for the redemption OF your peGgtss, TO 70
diverted rnisused by the legislative mandate %
The peris and trials that have oSertaken life in.
G-snce and the Affections that sun ti4i,,e ti4rtseii =,
nsnagen1ert nt they teach lessons that cannot De
aegected without disregard OF common 5 -
wrong doing but caught IL the storm oI Wy tfs
gaay. fae5 to fnd friends in quarters where they
should have found them. and thelr p9Ilel t5--
vito should have been their allies ana oeie LEN ie
have by thousands been quite willing TO 3osn oe
ssrks of their enemies believe !hese - CO.. ~, .1e
Ees'ion have already made that UNI 20 heen
ss ,rniTeresJj, 1dar-tood as lis sentimental feat
ares wher the lime came for the arralgflhIeen'
q Ie Insurance before the people. they saw SUI
81
enoTrnols as 20 sJaSgeT tnelr i.g- eyna1,dI-
fs 50 immense and - involved and intricate as to
ssFe then doubtful whether 50 much money co01O
have been honestly spent .or
Anot.eT tiias Which il seems 10 me. has been n
s ssgr,c sa4" r6fes ~ 6e @ IS the cultivation Of
aoser and more intimate relat1oisiialp s ,iher
shty On the part Of the companies. ano an - M
-aerstandias of what the Iohele5 NE. lends with
mutual interest IN e7-ersthing that a1IecLs ,ri
rights and fai~ treatment Of the company ! ms ms
eonSfion canTa exst II contracts OF insurance are
AAescing and disappointing, II sohcItoIs y. t.-o,
snce are allowed 10 roam about the country .tp tli
iesenng the advantageous terms they are
zo q offer y dividends and oIn.I ~. forffcoIaiTg
n roicyhoIders are allowed remain IN SO ~
indif renee 10 the fact that unfaiTness 70 IT, ~
SsIles is 1nfairness 70 them ao aLlac ac.iaarvrse
Isl taking % money ny legislation OF otin.tas
n tr1r. H. IN c %IiicI I,o4 Te regarded otherwise
iSa E%n a wrongful and unjust aiEl1ulloh VI '-'0
Never before believe has the subject Of ATner1r AMER
w.. ne Insurance been SO closely groNueG cested and
some of long standing but made more aIpaf gIs i T.
'eE Light 7 congratulate mvselt upon the 49,,
zee ] er iov OF hearing on TINS o,'"Si'i-
soine Of them ably and proftably discusseo-
IN tie symposium that followed the aooreSF y.
ne chairman every phase Of life insurance ~
nscrssed. some Of those taking part beins
g1sfiaents OF large insurance corporations lnciuu
ng Darwin p Kingsley OF the New York LiIe'
seorse z. Ide of the Home. John Tsuock OF 'H'
nazh.ngton and Paul Morton of the EquUap'.
/" Bone Of the addresses the speakers comInehueo
y lie En.-isdorn OF insurance ieglsldtioi'-
resident Kingsley discussed New YORK Sla''
so Life Insurance legislation He praised Gov
aT Hughes for appointing experts 20 stuoy the
-snciai situation, and said that ne took no issue