Evening journal., 1913-10-29
UNDERWRITERS
PRESIDENT HERE
E. ]. Clark Wants State Col
leee to Teach the Insurance
Business
SUGGESTS OTHER
BUSINESS BETTERMENTS

Mombers of the Delaware Life In
surance Underwriters Association
entertained Ernest J. Clark. Of Balt-
more, president OF the National Or
SANITATION at a dinner in Hanna s
Eafe last evening. The affair was
purely a social one, President Clark
who was elected at the convention
held in Atlantic CITY visiting here
for the first time.
Tho POSTMASTER for the occasion
was James f. Price. president OF the
local organization, and the special
guests were Mr.. Clark and City So
licitor Daniel o. Hastings. About
twenty members Of the local organi-
cation attended and following the
dinner, Mr.. Price introduced Mr.
Clark, Mr.. Price saying he did not
come by compulsion. he having been
relieved by the recent convention of
travelling around the country as his
predecessor had done.
Mr. Clark, in referring to the as
ISOLATION not compelling him to travel
the country over. said he had met four
associations already. He referred to
The growth of the association with
which he had been connected for 13
years and while IL had a small begin
ming. it now numbers "a associations
in this country and 3 in Canada. with
q total membership OF 100000. The
work OF the association this year has
been enlarged.
While speaking OF the educational
feature of the work, Mr. Clark re-
- - A..
augurated by Harvard College several
years ago, and spoke Of the various
colleges in the country devoting a
part of their school year to lectures
on this subject Mr. Clark urged that
the Delaware Association take up this
phase OF the work by asking the trus-
tees of Delaware College to provide
for a course Of such lectures. IL was
said that the National Association was
having a text book prepared on the
subject Mr.. Clark said II was sur
prising how ignorant the insuring
public is on the subject The peo-
pie have no conception Of what life
Insurance is really based on.-he said,
despite the fact that 1t covers the life
of man. and every contingency.
In referring to the part being taken
by colleges to study insurance, Mr..
Clark said that at the present time
43 colleges and universities have
chairs of insurance. In furthering
the plan Mr. Clark urged the local
association to appoint a committee
on education and publicity and they
would be assisted by the national
body.
y Mr.. Clark said conservation not
only pertains to the conserving OF
health but also to the conserving OF
the insurance business and the limit
ing of lapses and the cause Of such
which is THE borrowing on policies
All. OF this, be continued, protects
Gs18 Widows and orphans In speak
Ing of the conservation of health Mr.
Clark pointed out that 400 years az,
the average life was 20 years while
100 years ago Il had increased 10 3l
years and today il had reached forty
years.
Taxation. the last phase Of the three
points considered. Mr.. Clark said was
The big question that now confronts
the people and he claimed that the
total premium income in 1860 was
20 cents on the 500 while today il
Is 50. This money was being taken
from the widows and orphans. II
this tax was not eXacted he said It
would he refunded to the policy hold
ers. This government last year, he
said. collected twelve millions OF dol
lars whine in Germany where they
have compulsory insurance, the gov
eminent donated a like sum toward
the Insurance. He urged the local mem
bers to bend every effort towards tn,
abolishing of excessive taxation b,
the several States and In closinl
Mr. Clark thanked the members 70
their kindness Of the evening