The Birmingham age-herald., 1912-12-06
LIFE INSURANCE PRESIDENTS MEET Herrick Speaks on Agricul-
 tural Credits
  RAyAGEs OF TYPHOID
Dr. Mclaughlin Declares 6,200 Lives Could Be Saved by Campaign of Education-COsts the County
 $l00,000,00O Annually

New York, December 5.-Improvement of life insurance service was the domi- natlng feature of the sixth annual con vention of the Association of Life 1nsur- ance Presidents, which met here today.
 Presidents and other life insurance ex- ecutives from nearly every state in the union and representing, it was said, 75 per cent of. the s1S.0o0,o0o,00 900 of old line life insurance now in force in this coun- try, were in attendance.
 Standardization of Insurance Require ments from the Viewpoint of the Policy holder,p "Conservation of Life Insurance Funds" and Campaigns to Prolons Life Insurance Holders were among the sub jects discussed during a two days ses- sion.
 The adaptation of a plan for financing rural credits in this country, fashioned somewhat after those in force abroad and the creation of life insurance plan to cover indebtedness in the event of the borrowers death. were advocated by Myron T. Herrick, United States ambas- sador to France.
 "This subject of agricultural credits, ' MT. Herrick said, while of great mag nitude, is really, after all, not intricate The operation of the Credit Foneier, the Landschaften, Raiffeisen and hundreds of kindred institutions for land and per sonal credit, so eminently successful in their results in Europe, can be very easi- ly explained. It is simply an application of the story of the bundle of sticks tied together-singly, easily broken; together, able to withstand any pressure
 Spends Money Needlessly
 Every year the farmer is spending something like s25O0oooOo more for in- terest than would be the case if he were able to enjoy the benefits of this sys- tenn This sum, which he expends in in- terest, should be applied to the develop ment of the country. It has been esti- mated by good authority that he needs immediately for legitimate development of the soil more than $2,O00, ,000.
 "The whole question which is now be- ing agtated Is the creation of 'set-up'- a financial plan adapted from European systems which will finance our land at low rates of interest for long time, and accompany that a system whereby the personal credit of tlfe farmer by an ar- rangement similar to the Raiffeisen sys- tenn in Germany, may also be mobilized and put on a sound basis.
 Tt only needs the application of the alert minds of the Americans to work out and adapt these systems for the psychological moment has arrived when II IS necessary Tor It 10 be done.
 There are large accumulatons of cap ital which are now restricted to local communities for investment, being per mitted to be applied only to municipal bonds and securities of that class, aside from local loans. When this security is created and put into the same category, this vast capital will then be unlocked for this investment
 Tn the creation of rural securities 7 have considered with especial interest ths embodiment of life insurance plan II would undoubtedly be of great value tc have the debenture, or security, accom- panied by such policy, which would insure the liquidation of the indebted ness in case of the death of the bor- rover. Furthermore, it would give the rural community, which is almost vir- gin field for life insurance, an under standing of the value of life insurance' '' tacit understanding among the states that each will give it's own life insur- ance companies such thorough and proper supervision as to make it unnecessary for other states to concern themselves great ly over those companies is highly desra- ble and would alleviate hardships now borne by some of the larger companies, so declared William T. Emmet, superin- tendent of Insurance of New York, In ad address
 Ravages of Typhoid
 One hundred and seventy-five thou sand cases of typhoid fever annually in this country could be prevented by cam