Omaha daily bee., 1912-04-28
BY G. L. f. KLINGBEIL,
President OF the Gernan-American Life
INSURANCE CnmnaEE.

mental principles been recognized an
adopted? These Interesting question
must at times force themselves on gu
attention.
History d!scloses an almost continuou
record Of friendly societies organized 10
mutual assistance and aid. ,rGinst!nE
A. seems. from medieval guilds that ca
be traced back in object and design I
trade groups and societies existing at IN
time Of the creation Of the Germani
states. the days Of the Roman empir
and the Greek ascendaEcy.
In 1877 Ferdinand ! o. Austria ISSUED
a decree permitting the 'ouTneymen guha
20 collect dues for payment Of disability
and burial expenses In l7s Austrian
3ourneymen we're Permitted 70 qui
work on certain days f,r TIE purpose oil
collecting dues 10 create relief tunos
which dues ranged from 10 : kreutzer'
per month. In England. in ITO. the
Equitabte Society for the Assurance oil
IJf. was granting surrender values on
policies.
The plan Of tontine investments was
originated by Lorenzo Tonti, Neapol-
itan. In 1853 Mazarin originated the idea
o,.innroying the finances Of France by
u.sps Of the tontlne plan upon the fol
lowing basis
A ,und Of x 90 livres was TO he sub
..,,h.d 1non which France was to paw
.r,uar interest charge OF l12 j11 livres
The subscribers Of the capital stock OF
guo.OoO nvres We're to be classified &C
..-a,,- ., age into ten separate groups
- ..cb rronn was 10 receive per annum
,oo go ityres. As the members Of each
-, d,ed the survivors naturally re-
..,,..a Isrrcr nroportIonate share. until
...tt,, ,ha last member would receive
- II. sr,,unt ~ interest 100. so
-. .,rr,.gr,, un,u death. Thereafter
-. v,s "a he under no further
.Auu.,,,,s n the heirs Of any Of It's
-.ohs,s and ITS debt was 10 be con
-I,-..a ,,,s~hargsd IN full.
mi. sob.,,s however. was not sane
So h., n. narlIament Of France at
49,, ,,,,o hp, IN 1870 the first state ton
a.. ,,,a Was rranted and In 1926, an
-. ~. last survivor OF these two ton
49,. ..h.rn.s received an annual income
~ nEraa Mortality data collected
sror, ,b.s. tW, tontine plans and also
,hIrd organIzed in 1874. were used by
n.n.rct.,,x in tho construction OF his
ss,a,,,, ,.bIe. About the middle OF tho
.Irh,.enth century other tontIne projects
- c,,,isa out hut in 1862 the king Of
x,,.r.. n,ohib,,ed state loans Of the
,an,,no class 10 be made and in ITO
~. o,.,r,s a, the surviving members Of
"a ,or,in. clssses wers committed by
,ba government
Tna successful results OF these state
,or,,rsn oaus.d the organization and
.rnro,,or NJ private corporations. the
oid.s, ~ which WAS known as the Calsse
y.,tsr.. orvantzed In i75g. discontinued
a. ,-7o .,a sagi, rcnrpanized in 1871;
So, a. ,soa a,,sr a government inyesti-
ua,,or ,ha cornoratIon was found TO he
n an Unmarried condition and thereupon,
,,.oaa ,,ra.r she control and operation OF
-. .u,hort,,.s. In conseouspee Of which
~. ,,oo,,,. a, the MANNERS Of each tom
~. oI... "a. reduced TO 900 francs. and
a. 49,, ,,,oA,,.d form, said tontlne propo.
,,,,on ua, finally Maid out in 1889
a. a.. 80 aim. ,roptt started TO
1910 nj. man in France, a friend OF
~. vun..nherv In is,7 at,empted TO
"r,n,,. ,ha sam. scheme in Denmark
- ~. ,,,rr,s. y, raIsinr funds for the
- ~, a.. nI.r d,d no, proye success
a., II. $50 s,a,s tontlne loan was
"a. IL Arns,ardarr. I'm isga another was
arrortvod In England, others I'm Braden-
~, ,soC ana in oCtha t7bg The OPERA
-. -. .,.hts,.o,oer, NJ thes. tontine
,,,anos,,,ar. were without doubt the basis
- Which American tontine life insur.
-. ,,,as ,,a,,ern.d
.rS..a ,soords c,o,r,v demonstrate that
a.. ,..r,o,,, ,,r,,,i,,t,ors above referred
- 49, ns,n ,ho yorerunners and step
=, 60, tror, which has developed
a. rrassnt scientific and modern plan
=, ,,sa Insurance They also demonstrate
hsvord ones,ion tina, the principle OF lie
,n.,,ro,ca d, sors form mr. other has been
,ooo,,,I,.d ~, IN. human race for genera
49, "a tina, tho bfa insuranee princi-
nIo has hssn no, NJ spoptaneouS growth.
h., one ~ gradual evolution and de-
.,.,orr,.Dt mill a. has become one Of
,ho mos, extensive and elevating factors
., on, nrssent state and national eco
pomie life
The great benefits to be derived from
ifs insurance in its various forms are
now 40 we'll recognized by all modern
nations tina, very elaborate systems of
xo,knsn,s insurance have bsen devised
nv the leading governments NJ the world
Tba frs, enmnanv IN adm, A practical
sv,,.rn for industrial life insurance on
national seal. was Germany Jun. L.
1Ss1. Austria 1857. Norwav 1894. Fin.
,arA ,sss. Great ptI,air lSq-. D.ruark