The silver state. [volume] (Winnemucca, Nev.) 1909-1925, 1910-12-10
PAUL MORTON ADJ
DRESSES MEETING
Especial to the Silver state.)

company officers present.
Fifty years ago life insurance in
the United States averaged 1915 per
capita, said Chairman Norton.
"Ten years ago it had risen 10 500
Fper capita, and today it is estimated
as amounting to about $3.50 per capita.
Fifty years ago the total outstanding
life insurance carried by all Sid line
life insurance companies doiig bust
ness in the United States MAS less
than that now carried by Illirois com
panies alone. Within fifty years the
volume Of life insurance business has
increased from $165,000, 600 to $13,-
I100,000000, almost one hundred fold,
though in that time the population of
the United States has increased les>
than threefOld
Western people will be glad TO
know that as a general proposition the
eastern life insurance companies are
making an effort to invest their re-
serve funds in those sections of the
country which produce the premiums.
/ know of one large life insurance
company which five years ago had real
estate mortgages in only eleven diff
ferent states, but which today has
them in thirty-one different states.
know of one company which has six
millions less in mortgage loans in
/ New York City than it had FIVE years
ago and which during that time has
Increased its mortgage Ions in other
states about $lS,000000.
:" American life insurance never
stood so well; never was so safe or sur
rounded by SO many safeguards and
never offered the public so much for
I its money as it does today. The ex-
pense of management is being cur
tailed. Economics Of all kinds have
been introduced, aud dividends to
polieyholders are being increased.
/ The chief ambition of the Assc
citation of Life Insurance Presideyts
/ is to emphasize the fact that tiese
great life insurance companies Falong
to the people, and that nothingln the
way Of regulation, taxation q legls-
lation can be done to inipe them,
which policyholders viii nct have to 1
pay for themselves.
"It is hardly neeessaU to reiterate
4 the aim and object Of me Association
Iof Life Insurance Presidents, but IN
order to briefly inform those who new
+ er before attended one Of our annual
meetings, / will say that this associa-
] tion is four years old, and has steadi-
Ilv increased since its creation IN pres
i tige, dignity and utility, and has for
its sole purpose the promotion or that
which is good, and the prevention OF
I that which is bad in life insurance
1 The work of the association - eduea-
/ tioual and in every sense y looks al
ter the general weaare OF ITS poilcy-
tsGaacational Forces in Life In
suranee' was discussed by President
James, Of the University of Illinois,
President Judson, of the University of
Chicago and others.
Life Insurance a College course.
''Life insurance in its incidental r.
lationship to the general SUBJECT of
economies has been considered and
somewhat discussed in college courses
for great many years, but life insu
ance as a special and separate course
50 ems to have originated with Har
ward college in 1897" said Robert
Lynn Cox, Of New York. "Today it
is subject Of one or more special
courses in thirty-three colleges and
universities with a student body Of
eighty thousand There has been an in
crease during the last five years of
1874 per cent in the number of institu
tious Offering such courses Besides,
there has been a wonderful develop
ment in the treatment of the subject
in the various collegiate courses.
o1But that is not all. There is a
group of 1871 colleges and universities
with a student body of $4,000 which
paws VARYING degrees of attention to
the subject in connection with their
regular courses in economies sociology,
etc. 1t is in this vast group, contain
ing many of the representative uni
versities of the country, that the ex-
pansion Of the immediate future viii
probably take place. Several of the
institutions in this classification are
already planning for the establish
mcnt of separate courses in insurance
instruction.
"There is third group treating
I life insurance made up Of institutions
/ that do not fall into the two former
lelassiGcations noted 1t numbers
lthirty.nine, with student body of
I17.000 Many Of these colleges deal
with the subject in commercial law
I Others report incidental treatment
without mentioning the course in
volved
"These three groups make a total
of 263 institutions treating the subject
of life insurance out of 5SS colleges
and universities in this country In
point Of number we therefore find As
ner cent Of the institutions of higher
education dealing with the subject.
However, these 263 institutions have a
student body Of 10000 out of a total
Eof 3lS.000, or GO per cent. Therefore,
life insurance to a greater or less ex-
ltent is treated in institutions that
lhave considerably more than half of
the college student population in this
country.
Comparative Cost of Life Insurance.
seSo long as Americans are paying
today nearly half the amount Tor
~. 49,, ,,av fnr raoular life