The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1911-02-27
Old Age Dependencies.

Vice President Gail b Johnson of the
Pacific Mutual Life. Jos Angeles, Cal. Is
authority for the statement that nine
men out Of ten in the United States
who arrive at the age Of sixty are de-
pendent upon either family or state for
support" The question came up through
a magazine article about man VINO,
surance, discovered his mistake at the
age OF sixty. The object OF the maga-
zine article reaching the 3sc OF tnlee
score. lost his savings and Vice President
johnson uses this fact for the text. lie
says. 1t would have been rcmarkable
had this man al the age OF sixty sue
ceeded in retaining his little fortune,
which he had so carefully and laboriously
accumulated. Statistics tell us that 30
per cent OF the men in this country at
the age Of sixty are dependent, either
grasp the full significance Of this state
menl? IT means. of course, that only one
man in ten OF all the men in The United
States who reach the ase Of sixty sue
ceeds in having enough 10 supply his
needs. except through dependency. ihe
mau referred 10 in the article above men,
toned was the average In his mental
equipment In fact, he was n superior
man in almost every way and yet he
failed. Why
So many things enter into this why
that We cannot stop TO shaIyze mem ~,
We must accept ii as a fact, that even
though the man has the ability 10 make
q fortune he often lacks the ability TO
keep ii. and here is where me corpora
ton comes in as a safe custodian OF trust
funds The individual goes into mental
decsy and makes mistakes which aTs
fatal corporation does not grow 9Id
mentally, 1t is constantly renewed po 3o
rev blood. older men giving place 10
Younger The individual investor orlnGs
ia bear on q business matter only ms
onD view and knowledge. whereas the
corpora ton, ny virtue Of system and or
sanitation has the rervicc OF numpe!
Of men, trained In the making OF IN
vestments and who know sng,e no" The he cor cor
n1ration believes and acts on Inc prinI
ciple that in the multiplicity OF couhSe'
there is greater wisdom ImS co,pSIs .ps{nst
loss. II is always on the Job, whereas
ths individual may lose out BY 8eine
| sick or absent from home. ln1liS ni q
iose that would stagger the indlNlduai
n,igIt be easily overcome by the corpora
| ton. because the percentage OF loss IN
| the latter cese Is so smah '''al ~
easily made np'
Child Insurance Bill Killed.
House Bill No. 1872. forbidding the writ
ing of insurance on children under len
vpars of age, introduced by Mr. Tobias oI
Salt Lake met with suffictent onpos'tloh
in committee during INC week Us ,roro,.s 80
compass its defeat. The most VIGOROUS
| opponent Of the measure WAS r.: -. rta,. ..,
| cisco. state manager or the West Nons. ,Ia
Life Mr.. Francisco appeare" sn nsaote anS
I
being given the floor proved himse!i "a an
authority on this particular form o. .fnis ln.
| da-Irad fhercfron and said the system
had been in vogue for upwards Of sixty Ky
| Years in Europe and forty years In ,n,s
country. After Mr.. FranciSco hsu ortnd rgen
| cinded a motion that the bill he TePor.eo
adversely upon prevailed. and tbis a. a.
ton was later ratified on the iloor Oh 'he
| house.
Warning to High Kickers'
In an endeavor To maintain the re
| ,as,an he had in his youth as hlSn
kioker Amhrese oss rish ,,mssff assh sSt sS OF OF
I.I I'LL, the Penns ylvania Railroad,
a p9sbis,sn wbose smpoy emp he had been for forty
Years besides disabling himseF n Tor ybch ,ig
Eish vas plaintiff against an 5ccldonl
company to recover s2S week Tor twrn. ven
tv-six weeks because OF his INJURIES a1
| tudec before whom the case was lI,eu'
bajd that high kicking was not an accl-
dent within the meaning of the policy csf-