The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1911-02-06
Insurance on Children,

Tho bill of Representative Tobias OF
| Salt Lake, introduced in the house las,
Thursday. providing for the elimination
| considerable or n hornets nest among
| insurance men who are interested In tina
feature of insurance. Among the out
tendent OF the West Coast Life Super
intendent Francisco. in an interview Sat
urday, said
''InfantIle insurance among the work
ing class OF people has been a Godsend
in many ways. The uncertainty OF the
labor problem makes IT, almost necessary
form of protection In order 10 meet the
enforced expense necessary in the event
OF the death OF one of the children Sta =
tistics show that wherein family OF
children is carrying insurance and one 6
death should occur. the amount OF money
derived not only affords an independent
burial; but provides means Of securing
medicine and medical attention for any
OF the balance OF the children that may
be sick.
The bill states that its intention is
to decrease the death rate among chill
dren. An industrial policy on the life
of child under ten years of age aver
ages from $50 TO $40. and IL surely is a
most unjust claim to say that the fair
case OF sickness. or even worse. kill one
Of her own children In order to secure
this paltry sum. On the other hand. par
ents OF moderate means have just as
great desire to give their children n
decent burial by funds thus provided as
has the rich parent who does not de-
pend upon his daily labor for the sup
port and maintenance OF his children
Again. the saving feature OF endowment
insurance issued on the lives Of children
inculcates thrift and economy resulting
in the child receiving a sum Of money
at the end of certain number OF years
which can be used to advantage In per-
Iectlns college education or starting in
business. Experience has proven that
these small sums OF money collected from
The home are paid regularly each week
and placed TO the credit OF the child $
insurance. wherein these same small
amounts could not be taken To bank
and deposited TO the credit of the child
I'm England. children's insurance has
been a custom existing for over fifty
years and no such claim has ever been
made in opposition to insurance being
carried on the life OF children. 1t is the
plan plan, in England TO insure child at
The bill, when IT comes before the
proper committee is certain TO meet with
strong opposition.
Distribution Of Investments
In his annual address to poicyholders.
President Darwin j, Kingsley of the New
York Life touches upon the question OF
states in which the premiums are coll
lectcd- President Kingsley takes the po-
sition that the laws OF supply and de-
mand should govern In such Instances and
Only one state. Texas. has passed
law undertaking TO dictate what invest
ments this company should make. We
answered that demand very promptly by
retiring from that state. II appears.
therefore. that without any compulsion.
but operating under sound investment
rules and observing simply the law OF
supply and demand. the policyhodcrs'
money naturally seeks and flnds sccuri
ties which represent the policyhoders'
local interests. The cry, keep your
money at home is not altogether dis
interested fiction"
Equitable's New President.
Speculation continues busy in life in
surance circles as to the identity OF the
man who Will succeed the late Paul Nor
ton as president OF the Equitable Life.
1t is said upon the highest authority that
j. Pierpont Morgan. who owns n ma
jority of the company's stock. Is making
no effort TO dictate the new president.
The prevailing opinion is that there win
be promotions in the present staff. Vice
President William A. Day advancing To
the post of president and Vice President
George r. Wilson to the first vice presi-
dency. and Leon Fisher. the auditor.
going to the position of second vice
president. In the event OF these promo
tons. Il is presumed that Wilson viii
ho ,I. FuIf oh Of