The people's voice. [volume] (Helena, Mont.) 1939-1969, 1946-03-22
By LoWNDEs MAURY

Inc dTCduui1t the last luueT lOIt I
entrenched wealth in the Unite
: States is the capital stock of the in
mense life, fire, accident and liabilit
insurance companies.
: When the ventures of productiol
J for profit, stock market gambling
; banking, have been successfully enc
ed by capitalist exploiters, for a SAT
retreat they retire the bulk of thei
: gains into the business of underwrit
: ing risks. Here, due to hundred year
of carefully kept statistics, there il
less risk of loss than in any othel
human endeavor.
Patrons Lose
Fools plunge at Monte Carlo The
lcroupiers' salaries are assured. The
smallest nation in the world prospers
the proprietors of the house" increase
in riches, through the centuries. The
take" is much smaller than the in
surance companies take" in any
American state. These toll not They
spin; but only hypocritical propaganda
and fake publicity, corruption of legis
latures and pressure on the reaction.
airy weak, judicial mind.
They puff their wares as editorial
wisdom in a corrupt press. Even the
voice of the clergy is heard at times
from the pulpit telling the parishion-
ers of sacred duty to swell the graft
of life insurance racketeers.
Premiums Far Exceed Losses
A fertile falsehood of the Old-Line
companies is that they must keep a
reserve for bad years. Mr.. Justice
Brandeis exploded that pretense rs
years ago in his essay proving that the
life insurance reserves were the men,
annual income from premiums has far
exceeded the annual losses paid. This
thriving surplus is most conspicuous
with the Metropolitan Fifty years ago
it was a minor underwater. 1t now
claims assets exceeding five thousand
million dollars. But each of IT'S So
called standard companies has an an
nual income from premiums far ex-
ceeding losses paid in that year.
If bill is introduced in any legis-
lature, the national flying squadron
of salaried lobbyists comes hurrying
to fool the farmers
In 1923, w. P. Pilgeram and | intro
duced bill that the state carry its
own insurance against fire A major
ity of the house promised to vote for
it. Came fast the flying squadron. The
farmers were easily fooled. Since then,
the state has paid nearly a million
dollars for fire insurance. The fire
losses have been under $4,000.
System Founded on FaIsehood
Life insurance premiums are still
based on a mortality rate of UNSE-
LECTED risks in New York City, 81
years ago. Since then, the average
American life has heightened by 20
years. But the life insurance COM
panies adjust their premiums by the
old table. The entire system is found
ed on falsehood.
Any one company operating in Mon
tana puts out fraudulent contract |
with the appreciation of Judge Lynch
Of Silver Bow County, who was af-
iirmed by the supreme court, speak
ing through Justice Judge |
Angstmann dissented).
A policy issued by the Mutual Ben
Eft Health and Accident association,
Omaha, to Jakor Aleksich, had the
following provisions:
Indemnity for loss of life of the in
'ured in payable to the beneficiary if
the insured, and otherwise
% the estate of the insured"
"In the event of accidental death,
notice thereof must be Civ
IN to the association"
1.-THE association shall have the right
md opportunity to make an autopsy
n case. of DEATH"
This policy does not cover death,
or other loss sustained in
my part of the world except the Unit
ID States or Canada"
Jakor Aleksich named Alva Alex
ich beneficiary in his written applica-
ion. Jakor was killed by a fall of
round in a Butte mine, dying an hour
.fter the cave-down on him
Loss of Life not Covered ,
Alva Aleksich gave immediate no
ice to the association 1t informed
Ter that the policy provided no pay.
nent for loss of life She sued, and
he district court denied recovery, and
he supreme court affirmed.
Aleksich " Mutual Benefit Health
nd Accident association (Montana),
Ga Pac. (2d) 372.
The Chalkley Insurance company of
lutte sold this policy. Jakor Aleksich
vas not alive to testify as to what
romises the agent made to him, but
he written words were enough to
lake a lawyer like Judge Angstman
elieve it provided benefits for acct
entail death. 1t could surely make
ommon miner believe he was buying
fe insurance.
Why go through the pantomime OF I;
taking the insured name any bene-
ciary at all? 1t was a swindle. The / Z
olicy had stamped on it, over the !
gnature of Chalkley Insurance COM
any, "Beware-this is the best insur-
nee you can buy" 4
Our supreme court is still in the iii
horse and buggy days" on insurance II
w. The national judiciary has some II
hot Il