Newark evening star and Newark advertiser. [volume] (Newark, N.J.) 1909-1916, 1910-06-22
PRESIDENT DRYDEN
WRITES BOOK ON
LIFE INSURANCE
Former Senator's Volume Tells
of Many Forms of Policies
Started by Him.

There has just been put on file in the
larger libraries of the country a vol
ume containing the addresses n pa
pers on life insurance and other sub
jects by former United States senator
John r. Dryden. organizer and presi-
dent of the Prudential Insurance Com
pany of America.
1t will be remembered that President
Dryden first successfully introduced
and operated Industrial life insurance
in the United States, and his new book
contains much Information concerning
life insurance for the masses, or what
is commonly called industrial insur-
ance.
Mr.. Dryden's book is one Of the very
few that have been written on this
subject. The volume treats of the
inception and early problems of the
business, as we'll as the social economy
and practise OF what the author claims
is one of the most effective methods of
family protection ever devised. Mr..
Dryden also points to the opportunities
of life insurance as a career. and in his
book brings out clearly that only one
fifth of the population carry legal re-
serve life insurance. The author tells
Of the new system of life insurance
successfully introduced by the Pru-
Dental about two years g by which
the payment of life insurance money
through thesmedium of monthly income
checks is divided over the entire life
time OF the widow or other dependents
rather than paying 1t in one sum d.
rectly at the death of the Insured. Mr..
Dryden believes that this method OF
distributing life insurance is directly In
line with the American ideal OF the
highest possible degree Of economic In
dependence in old age n that this
new plan of the Prudentiai's marks an
epoch in life Insurance..
The author takes up the question
of taxation of life insurance In the Uni
ted States and the regulation of insur-
ance by Congress, arguing strongly for
a reduction In the tax upon life insur-
ance and also for the placing Of life
insurance under national supervision,
in order to bring about uniform laws
for the conduct of the business.
When Mr.. Dryden was In the United
States Senate he was a member of the
senate committee IN isthmian affairs
and as such made a strong plea for
the adoption of a lock canal at Pan
anna, which plan was adopted. Mr..
Dryden, In his speech before the Uni
ted States Senate, which Is printed in
his book, argued for the lock canal
because he claimed II would cost the
American people 500, 00o,0 900 less than
any other type and he wanted to avoid
what In his mind was "the imposition
of needless burdens upon the taxpayers
of this nation and upon the commerce
of the world"
Mr.. Dryden concludes his book with
a short address on Abraham Lincoln
and Alexander Hamilton. He brings
out the fact that Hamilton was the
first to express the opinion that the
regulation of insurance was within the
meaning of the clause OF
the constitution. Mr.. Dryden states
that his own course in public and bust
ness life was largely Influenced by the
fundamental principles Of party gov
eminent and party responsibility and
the high ideals in political. business
and social life OF both Hamilton and
Lincoln.
MI. Dryden's book will undoubtedly
be used by many as a reference book
on life insurance n particularly in
dustrial life insurance.