Wood County reporter. [volume] (Grand Rapids [i.e. Wisconsin Rapids], Wis.) 1857-1923, 1922-05-11

of the country. 3 What are these
gigantic assets doing? They are
building railroads, erecting mills and
factories, clearing land, cultiVating
farms, and furnishing much of the in
dustrial power and energy which has
made the people of the United States
the greatest nation in the world"
Note also what Mr.. Abbott has said
about the value of life insurance as
teacher of thrift to the individual.
Take a young man of twenty, who
IS starting out in his business career.
| can argue with him to open a saw
ings bank account until both he and I
are black in the face, but without much
success. Suppose l do prevail upon
him and he makes the start Nine
times out Of ten his regular deposits
fall into innocuous desuetude. Finally
he draws out his balance to meet some
emergency, and the enterprise is end
ed. But, if I can persuade him to take
out life insurance policy he is COM
PEELED to pay the premium annually
and regularly in order to get the full
benefit of the undertaking. It is the
regular annual premium that forms
the compulsory motive"
Economic Betterments.
Another indirect way in which life
insurance benefits the state and ma
ton is by increasing the number of
sef-respecting, self-reliant, seIf-sup-
porting people; thus reducing the di-
rect expenses of the state and nation
for asylums, police departments, a.
gencies of justice, jails, wardens,
homes for the destitute, poorhouses
and hospitals. This being so, it is to
be hoped that the time will soon come
when the Federal and State govern
ments will remove at least part Of the
heavy burden Of taxation that now
| falls on that thrifty section Of our
people who invest their savings in
life insurance. That, the companies
should pay for the expenses of the de-
lpartments that supervise them is rea-
sonable, but beyond that life insurance
should be fostered and not penalized.
| There are many other indirect ways
in which life insurance benefits the
| individual and through the individual
| fho 1n 10
who carries life insurance secures a
valuable endorsement in business cir
cles. His financial strength is in
creased. His credit is improved. His
life insurance protects him against
business risks, and safeguards his
enterprises during their development.
1t provides for the payment Of his in
heritance taxes, thus leaving his es-
| tate unimpaired for his heirs. Thus
he becomes a better, stronger, more
useful citizen.
Nothing causes more apprehension
at the present time than the conflict
between capital and labor. And here
life insurance steps in and enables the
employer to give protection to the
families of his employees by means of
Group Insurance" thus aiding him
in removing prejudice and establish
ing confidence and good will.
By relieving men of worry and anxi-
ETY. life insurance also maintains their
health and Increases their efficiency
And when they are taken i'll their in
surance often becomes a potent aid in
Fastening their recovery.
I Has not enough been said to prove
that every patriotic American, every
philanthropist, every man with civic
pride, should advocate life insurance,
if for no other reason than because of
its power in buttressing our nation?