Wood County reporter. [volume] (Grand Rapids [i.e. Wisconsin Rapids], Wis.) 1857-1923, 1908-06-18

cussing this article one Of them said:
sit is my recollection that Mr..
Graham. the writer, applied by let r
and In person for employment by TIE
Wisconsin Legislature Investigating
Committee: but believing that men Of
established reputation were required
| for the work and that the rule pro-
hibiting the solicitation of business
by professional men generally, also
governed reputable insurance experts,
the committee did not favorably con-
slider MIR. Graham's application.
"We desired to employ the BEST"
he said, land so secured the services
of Miles Dawson. an eminent actuary
employed by the Armstrong Commit
tee. Upon Mr.. Dawson's high recon-
mendation of Prof. Glover, insurance
instructor of the University of Michi-
gan, he was also employed as was L.
A. Anderson, an insurance writer
and actuary of good standing.
Mr.. Glover'S employment gave to
the committee the services of an eX-
pert who thoroughly understood the
principles of life insurance and man
not influenced by the insurance inter
ests, on whom actuaries like Mr..
Graham must necessarily depend for
employment.
Mr.. Graham says that there is a
humorous aspect to the situation.
This is undoubtedly true in view of
his present position after having been
refused employment by the Wisconsin
Investiga ting Committee. At least,
it may suggest the difficulty of being
entirely impartial.
ITO those familiar with the situa-
tion in this state and TO insurance ex-
perts generally there may also be some
humor in observing Mr.. Graham's ex-
ploitation as an insurance authority
by a prominent magazine. His lack
of information on some matters he
gravely assumes to discuss, indicates
superficial understanding of the
subject or an effort to conceal the
vital questions concerning proper in
surance business management.
"For instance, he parades big poll
cies and does not appear to compre-
bend the loss that was suffered by
other policy holders over the payment
of million dollars to Mr.. Peayy's
benefciaries, because such policy
ignored well established rules of
safety. In fact, Mr.. Graham's first
effort is evidently an attempt to please
insurance company Arrangements and
strongly reminds US of similar con-
tributions, for which the newspapers of
New York admitted on the Armstrong
investigation, they received 81 line.
From purely business standpoint
this is good proposition both for the
magazine and for the printer. A
glance at the titles to be considered
and the proposed method of discuss
ing these articles indicates they will
be written and edited from the in
surance management standpoint,
Doubtless this explains the significance
of Mr.. Graham's article which is en-
titled a Romance" on life insurance.
"While it is true that % insurance
companies, good and Indifferent with
drew from this state, it is equally true
that other companies carrying and
writing large majority of business
are remaining and doing more bust
ness than ever before under the new
laws that Mr.. Graham cannot compre-
bend nor construe.
eff these laws are bad in any re-
spect, they will be repealed, but if
they are good they will undoubtedly
be enacted in other states. The Wis
consin laws on insurance, railways,
public utilities and taxation will serve
as models for state legislation in the
future judging by demands which are
being received from other parts of the
country.
No one claims they are perfect but