The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1924-09-13

more important on hia agile mind
decided 10 do something nice Tor hH
grnvral manager in the lumber Dc
partment Air skinner So ne order.
Cd skinner 90 So hack thru the ar.
chivcs ~ CBppy Kicks personal az
fairs and those - an the Ricia en-,
tsrprlscs FOR 30 years and prepare for
him a report showing the total
amount q money paid ont FOR lnsur
aneo premiums 81 an kinds, as well
as tho total ~ all moneys received
from Insurance companies In pay
ment 81 claims
This being the sort Of job that ap.
pealed 90 the efficient Mr skinner.
forthwith two clerks had been set
10 work. with the result that some
six months later. when Cappy had
forgotten that he had ever made such
n request. Mr. Skinner entered hb
offlce one bright day and laid before
him a perfectly tremendous report
lie had the name Of every com.
pAny they had ever done bust
ness with. the type of Insurance
carried. the poid out In premi'
ums, and the amounts collected.
the sums sucd FOE. the coat Of
litigation and thu causcss there
forr.
Ills Investigations discovered the
fact that each year the amount paid
out In premiums had. with 10 en-.
oeptlons. been much In excess u the
sums realized from the Insurance.
companies This excess SIR. skinner
had had carefully compounded semi.
annually az five percent, and the as.
sumption thar n the money had not
been spent Tor insurance. q would
have earned fully that much.
CAPPY rasped as ne scanned the
~ result of an idle within and dis.
covered that in playing ne game Of
~saftsy First" he wa on, frightful
sum in real money and a. sum equal
TO the national deb, that Mr. skin
nsr had compounded the loss.
Holy sailor. skinner he mur.
INJURED in awcd tones ''lt'a won
der we aren't all in the poor house '
wei. our research proves one
thing. Mt Kicks" the triumphant
Skinner declared IT pays 20 carry
ones own insurance
you mean il would have paid Il
We had started carrying It 80 years
ago. skinner II wouldn't pay now.
We have accumulated too much In
flammahls property 70 take a chance
nov. bocnuss We haven't Eot all this
ncflcious money We might have
saved. and consequently. should We
carry our own insurance now and
take terrific loss. We wouldn't
have any fund 20 charge that loss
against. II would 80 direc; 10 profit
and loss. You wouldn't set any divi'
dends on your small holdings and
then you'd die
You've paid burglary insurance
premiums since the first burglary in.
suranco policy was issSsd and
you've never been eafgisd. Mr.
CAPPY thoughifully tappod wood
~ and you've paid on, enough
money 10 cover your daughters furs
md jewelry. TO endow a bed in a
hospital" cappy ahaddered You've
paid out $4,000 in luggage insur
nnce on various trips around tho
world. and you have never lost ne
much az a band box. Your autpmo.
bile insurance Is a private scandal.
and 4 couple 81 bent Tenders. the
funeral OF drunken chauffeur and
tho renewal Of a telegraph pole is
all you have 70 ahow Tor n
You've paid out a fortune 10 cover
ships that arc sailing the seas today
and about tho only thing you've won
on - tho Industrial accident insur.
ancc. That's a splendid thing FOR a
man operating n sawmili, because
boobs wearing fons.tailed Jumpers
viii forge, TO ahuck their jumpers
before crawling in amongst the ma.
chiuery.
Yes" Cappy iasped. and tho dog.
gone accident insurance chaps make
IA put In n lot Of expensive safety
devices At our own expense before
they'll take chance. Hum. fIar.
itruh.h.hi Ahemf skinner. IN YOU will
add all this mess up and divide il
By 90 you'il discover that on per
annum basis our overhead for in.
surancc hasn't been SO very s,aggrr.
ing. after all"