The gazette-times. [volume] (Heppner, Or.) 1912-1925, 1922-02-16

aace company OF AHeTIcd IS Rideiy
knoun throughout the insurance and
banking worid. His on'H company is }
one of the greatest financial iRfi- I
tutionS in the World. His e1plana- 4
tion of what is done NTH the millions
that pour into the insurance com Z
p2nys each year is an eHlightening ,
article that gipeS to the public Hew {
conception Of insurance and its re-
salts. s
Stand some morning in the office
of large life insurance company
when the mail is opened. See the
great stacks of letters brought in and
emptied on the receiving tables, and
let your imagination busy itself with
the stories that lie behind these en-
velopes. There is money order from
a crossroads post-offiee-only few
dollars, vet husband and wife have
sacrificed for month to purchase
the protection it represents. Here is
check for thousands-a great cor
poration has insured the life of its
president in order that the business
may be protected in the event of his
loss,
Stiff, formal envelopes, and poor, |
shabby envelopes-some addressed
in typewriting, some in ink, some
with lead pencil in letters hardly leg
ible-but everyone a magnificent
testimony TO human faith. For the
people from whom these envelopes
come have never seen the Office OF
the insurance company nor met its
officers; they are enrusting the dear
est thing in the world-the protec-
ton Of their wives and children-to
men whose names even are almost
unknown to them. Surely there is
no more solemn trust than this. |
pity the insurance man, no matter
how familiar the sigt may be to him
who can watch the morning mail be-
ing opened without feeling a renew
ed and deepened sense of obligation
at this vast, silent, ritual of Conf
dence and Faith.
WHERE THE MONEY GOES.
Now what becomes Of these mil
lions that are sent to the insurance
companies from families all over the
world? Are they kept piled up in
banks Some Of them are, for sound
insurance practice dictates that the
company shall always have a large
reserve in cash. No one knows when
a catastrophe or an epidemic may
come, making thousands of familie:
suddenly dependent-the insurance
company must be always prepared.
But what Of the rest-the million:
and millions which will not be need
ed by the policyholders for years?
In ST. Pauls Cathedral in Londol
there is a single slab marking TIL
burial place of Sir Christopher Wren
the architect of the great edifce. Up
on il is this inscription in Latin-"l
YOU would see his monument loo
about you" The same Inscription
might be written of the dollars whic
YOU, and you, and you, have entrus
ed to your insurance company as
protection for the future If yo
would see that dollar you have onl
to look about you. 1t is not lyin
idle in some vault far away; il
invested and at work close at han
DOLLARS AT Work.
You pick up the telephone recev'
and are connected with a friend
another part of your city. 1t is
miracle that would amaze US more
il were not so common. Your insu
ance dollar has helped to work tn
miracle. For the telephone syste
has been constructed by the procee
of telephone bonds-and millions
dollars of insurance money are
vested in these and other utili
bonds.
You step into a train in New Yo1
eat dinner, 90 to bed, and wake up
Buffalo. Another miracle-and aga
the insurance dollar has helped. T
the railroads could never have str
ched their tracks across the contine
except by the sale Of railroad bon
And the insurance companies
large investors in those bonds.
You pass a beautiful park or f
public school they TOO are built
bonds-municipal bonds-an inve
ment which is heavily owned by
surance companies. You pass a r
of houses each the home OF fan
that is paying a few dollars a mo-
and looking forward to the day WI
il can call that home its own v
furnished the money to erect
home, and took a mortgage as
curity? Very likely an insura
company another place where y
dollarss are at work.
EVEN ON FARMS.
And farms here your MILL
have been at work, also. Thousa
upon thousands Of acres have b
planted, buildings have been imp
nAa tannsar harc