The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1921-09-08
MIR. Hays, in Address Before
Life Underwriters, Tells Of
Accomplishments Of the
Harding Administration

tv.d - accomplishments o: the Harding
administration III par; he said, -.
There has never been Il time In this
country when VIC 80 much needed thrift
thrift IN government. thrift IN busl-
ness. anl thrift n individuals. ! hop"
: see 4, 80 emphasized that II becomes
d national trait. Life Insurance 10 me
rrtr;.c"' Application Of thrift II IS
n ~" taan that. Il Is applied Common
s"nsr.
The Fact Is that. N the organization
OF American society. you mon are tho
chief !Es;rumental!ty entrusted with the
function or stimulating thrift systema-
!z.ng X. directing I: and bringing IL 10
this. through your work In tho field, IL
Is the great insurance companies yu
represent who are tho custodisna OF tho
fruit OF your work. who receive inc
sev'Rgs { the people caro- for them ana
Ike the faithful servant with tho tai
ents. return them In due course, usually
multiplied many fold. You. moro thar
any other part Ot tho community. Rre
I concerned with tho saving Of money ana
with protecting Il after II IL saved. In
no small degre" society depends upon
your viG!lant Energy for the organized
security OF thu home. the protection OF
the family. tho provision for tho future:
aud FOR tho things that are durable and
permanent. You. probably more thaN
any other class. arc Interested In inc
el.rTl 70 QCNe.bl - pIOkIdAIl al Az N'A''
try's readtustmeut which Will assure
the establishing OF the value OF copsorNa-
tive securities. The Investments OF
your insurance companies are In CON
servitive securities. Upon tho mninten-
ancs OF tho honest value OF these secur-
tiles IA dependent tho financial sound
hess % the companies and their certain
ability 70 pay their maturing HoiC!eS.
Upoa which so much OF he welfare Q!
our people depends. The government
owes u distinct debt 10 this group In
this regard: and to our efforts In this
direction you OF this great business owe
tha: attention and help warranted by
tho Importance of successful. consum-
ms ton
|: Is. therefore. I assume. not a viola
ton Of the rroprieties for m. 10 under.
take 70 reter IN q general way TO what
tho administration has don TO restore
tranquility afr tho angry turbulence or
the war, TO Insure stability after the
chaos Of wars Aftermath and To bring
the country back TO nor'Ia! cond!tions
Now Il Just happens IA; tho oigEeSt
concrete achievement = the present ad-
n~!nistrst!on Is one that flows directly
from tho qualities &. PRESIDENT Hard
irg's personality. We have Just made
peace with Germany. That peace In
Itself 10 q milestone IN our history. But
gram Of which this German peace Is u
detail and a step In tho retractinE OF
tho hard path back 10 normal cond!-
tinns. u Is vastly moro important than
one will realize, unless familiar with It's
working out.
spirit n tho management Of our foreign
affairs. and tho atmosphere In winch
tho present treaty Ia received BY the
senate and tie country. TO which would
call your attention. This difference IS
due 70 tho Presidents personality and
II IS his change that constitutes II !ong
and Fundamental espiritual stop In the
return % norm2iCy IN tho conduct OF our
public affairs. It flows from tho qua
ties OF Mr.. Hard!Dg's mind and heart
and expresses. itse!t IN pat.enre' lo!"r-
ance, and the spirit Of mutual accom-
mediation IN his relations with men.
Tho German treaty docs not stand
alone. 1t - In President Hard!ng's pro-
gram merely one step IN 8 process OF
which the ncxt step Is immediately n
sight. On the samo day that Frestden;
Harding signed tho German peace. he
received from the governments OF Great
Britain snd Japan acCeptanccs to Tho
Invitations no had extended 10 attend
IN Washington on November II. a con
fcronce FOR :he limitation ut arma-
u,ents can not 60 into m" d"t1!.s Of
what Is proposed 10 30 done a. ma; con-
ference. II g my opinion that tho meet
Ing possesses more poten'!aiitE Tor
good for mankind than any sing" event
ir the las, l9l years.
There Is ono illustration In our effort
FOR governmental good Housekeeping
that must especially appeal 70 our pro-
fesston. Tho government has n Nte IN
surance business. In the vast affairs
that tho administration carries on. this
Nc insurance Is but one detail. BY the
Sweet bill. It - now an !ndependcn;
establishment and Is indeed an .mmcnse
business institution, haTe heard It
described as ono Of tho f!ve biggest no
insurance companies OF tho country.
How far this IS true you can quickly
set!mats. The figures show that there
AFRO nearly $4,000. 0 5000 Of government
insurance IN force. II has paid out IN
u~';otments and allowances Just under
SGuO. 900. 900. The compensation ard In
sursnce claims filed under II nrInSn7
over $40, 900. OF which 5000 claims have
heen adjudicated at an expenditure OF
1870. 000, 900. would not IN any sanse
be understood as criticizIng the situa-
ton whom this administration took hold
OF tho government. The Wa Risk Bu-
,"au had been organized and had 70 be
gin 70 function IN the midst Of the haste
a..d disorder % war. Villa: was with
your great companies tho quiet and or
Derby growth Of half a century was In
TIA ca SO OF tho War Risk Insurance Blu
rrau. the hasty improvisation ~ that
,hroe years. Whatever nay be the rec
ord OF tina: thr"e years. III" facts OF
oar stewardship are those.
on the An DAY % March hits Bureau
WIS 10000 Gains and cases behind In
!tI business. Th- UNHAPPY Sici!fINRnCe
n. these figures YOU will quickly inter
set In the light Of You own experience
IL your own companies. To-day all
these back claims have been cleaned M.
Gains are now considered and disposed
OF with n Tromptnees ~apQrox!nat'ne
same condition existed practically
ererywhere through Washington.
Now for the first time IN 10 years, a
President IS going 10 Tho heart OF this
matter. FN Is going 10 MAKE the organ!-
Gat'on ~ the governments business as
orIer!" and as properly C~o-ord!natrd-
nuh therefore rs economical and eff
,iCn. 40 ar" the organizations OF your
uWr great ~. Insurance companies. IL
: SAY that tN!s Is q task OF hug" d!ff!-
'''''"g. EriT-G!7ahte u anyone who bas
rut looked into e. and too long and
complies fo- mo To S"Scrlha on this oc-
ca aion-!c | say that The diffiru't!cR
that face rs In this task alon" arc APP
p~1!'!ng. ] say II merely 70 stat" = Fart
'rI ro' - rroDnr" an a''hl in advance
: w0nid no. tail :" we2t!oH IN passing
= " accomplishments 20 6a'o OF ito bud
SO GOO. 0nu IN tho current yNar under
g." approximations already made bv CON
gross 10 an EFFORT worth whil~ We VII
sar~ SIS. OOU, moo .: HIS IN n" postofricr
department nnd without any dc'r!mcHt
T. 'hN service
Personally. I nm willing - sar most
c.uThai;ra,iy that this country ,an not
~ on. and must not attempt 20 60 N
Indefinitely during Pea" tim" wi'h
a'tHcr 'he form or mo degree % .a,a-
won which was Originally devised -
'u~"' ~" "m"rG"r"y uF VA tI" 'u,na.
eal t1"pm" taxes were adopted w''h an
80 single 20 ONO thing. nau"'v rL'sinr
q: tho mnry ~ tho iGrg"Net Ilart'tY
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