Evening journal., 1916-02-02
INSURANCE MEN AT DINNER
HEAR VIEWS OF men ACTIVE
in SCHOOLS And INDUSTRY

made by Professor Cotton, Of the
High School faculty. in his address.
Dir. Cotton had told the underwriters
that they did not go after this branch
Of their field as much as they should,
and he explained that a young per-
sons life insurance could be the best
possible means for the securing OF a
higher education.
AS head OF the commercial depart
ment OF the High School" he said. Il
have felt the responsibility OF this
weighing upon me. and ] have spoken
with our principal and the superin-
tcndent of schools about giving a
course of one term in practical eco
nomic problems and devoting a certain
number OF these lectures TO insurance.
"Why should 50 many people be
taken in by trash investments and
lose money when few lectures would
show them their error?" he asked.
Prof Cotton touched upon life insT-
ance as facile means OF securing a col
lcge education, and said that young peo-
pie should be appriscd that money. diff
icnlt TO raise in other ways, can be So
cured upon policies and devoted TO pay
ing their way through college This
subject had already been dealt with at
length by Prof fuebner, Of the Univcr-
sity of Pennsylvania.
Insurance for Workmen.
John Bancroft, of the Bancroft and
Sons Company. stated that hc is now
intent on solving the insurance question
In relation 20 hs workingmen. lie said
that ono of the employers greatest
sources OF loss lies ia tho "hiring and
dring'' Of men. aud he named 500 per
cent. in year as q not unlikely figure.
lie said he thought a system OF co
operative insurance between employer
and cmployc might result ia a solution
OF this problem.
81 have thought for q long time in
the direct ion of securing life insurance
Tor the Workingmcn," said Mr. bancroft.
"Ihc workman ran be compelled not TO
take life insurance. but TO accept it. a
greet economic loss 10 the community
AZ large and directly 10 the employer
Is The continual oyertufn of labor The
hiring and firing of help is the eoniin-
ual o,criwn of laborthc hiring and
firing Of help. which is extremely costly.
u Is saie- 10 say that the hiring and
firing of the average laboring man in a
large industrial establishment costs that
establishment from $40 20 $50. and that
may reach total of 500 per cent. in one
year.
I'VE want these men 10 give us
continuing service. aud we feel It.
our duty TO make conditions that will
/ leave them content. give them a
chance to advance. aud keep their
minds free from worry. II this can
be arrived at. Il may be possible
| through life insurance. We can
/ likely carry our insurance al a low
cost, lesson the amount OF overturn
and show our men that insurance will
advance their own interests. make
life better for them, increase their
incomes. and make better ctizeus OF
them and by this the city will also
benefit I advocate that we get after
the workmen and encourage them e
take out smaller policies OF $1,000
or 50 instead Of letting them adop
Insurance in other forms"
Great Educailye Value.
Prof Greenfield of Delaware Col
lege. made a brief speech in which
he dealt with the educative value oi
/ life insurance. He said that Il was
/ spreading to the various colleges
and stated that al Johns Hopkins the
innovation has met with instant sue
cess, lectures on the subject there be-
ing attended by many Baltimore
/ business men. as we'll as students
Arthur A. Wilmot. OF the Mutual
Life Insurance Company urged his
associates TO consider the drink
problem in relation to insurance.
Life insurance As An Economi,
Force in The Community" was tho
subject of Professor Huebnor. Of the
/ University OF Pennsylvania He first
outlined the fundamental general
uses Of life insurance and declared
them to be-
l. The capitalization Of the value
OF human life, and the indemnitica
tion OF this value against loss for th'
benefit Of the family or business.
9. The accumulation OF compe
tency In a convenient and certail
manner.
II 3. The elimination OF worry an
the giving OF peace Of mind, thu
greatly increasing initiative.
I lie said; "In its relation to savin
D the speaker pointed out that insur
:. ance makes saving possible. It take
time 20 save. and life insurance alon
! guarantees aU estate in case the nee
essary number OF years 20 accumulai
/, a competency is cut short by deatl
! He also showed that life insurance /
. itself not only includes
q savings-bank account. at Eig
a rate Of interest. but that il eXerts
q most beneficial influence through Il
!. element Of compulsion. II was ais
: stated that life insurance, since
4 makes possible borrowing witho'
: collateral. enables many 20 acQuii