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Article THE GENERAL ASSURANCE ADVOCATE. ← Page 5 of 6 →
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The General Assurance Advocate.
a year , and are far more capable of conferring upon him substantial benefit . The working classes have no hope in their own Benefit and Friendly Societies . They have not among themselves sufficient knowledge or experience . Their associations are founded upon either no data at all , or upon premises so imperfect ancl contracted , as to be virtually worthless ; and besides the circumstances under whicli they are
instituted and carried on , gives great opportunities for fraud ancl peculation , and prohibit effectual guarantees for fidelity and security being had . The only way in which the operatives can combine effectually , safely , and profitably , is by taking advantage of that machinery which wealthier and better instructed men have called into existence , where they will find security of the most ample nature , and a more perfect organization ,
and means more effectually adopted to gain the desired ends ready for their use , at less individual cost than their own imperfect efforts would impose upon them . The best possible thing , perhaps , that could be done for the people at large , woulcl be for men having sufficient resources and information at their command , or for the Assurances Companies themselves to organize the people into sub-associations , for the
purpose of bringing them into contact with established combinative institutions , and thus allying the benefit of the poor with the interests of the rich . In every large town it would probably be comparatively
easy to found such an association , where the small weekly or monthly contributions of its members might be so managed and adjusted , as , much after the plan at present prevailing in clothes clubs , to effect the assurance of every individual , either in a sum to rescue his family from poverty after his death , or for a small annuity for himself after a certain period . The plan is not only feasible , but would be both
profitable and beneficial . It is the link which is wanting to connect those institutions which now act almost exclusively for the good of the rich ancl well to do , with the interests of the poor . Ancl this link once supplied , we should then see as a fact , and not as a theory , that this power of Assurance is still in its infancy , is capable of uses to which it has never yet been applied . The whole power of civilization really
lies in combination and association . They are the magicians of society , although men have hitherto been frightened from adopting or applying them in their integrity , because they have been identified with the now impracticable schemes of Communists , and the irreligious reveries of Socialists , and have thus got a bad name . Let but the bad be separated from the good , the chaff be winnowed from the grain , and those
prejudices will die away , and then that combination for Assurance which will now secure a future provision for individuals , may , by a series of such sub-combinations as we have adverted to , make societies of artizans capitalists , and owners of machinery , and associations of agriculturists
Note: This text has been automatically extracted via Optical Character Recognition (OCR) software.
The General Assurance Advocate.
a year , and are far more capable of conferring upon him substantial benefit . The working classes have no hope in their own Benefit and Friendly Societies . They have not among themselves sufficient knowledge or experience . Their associations are founded upon either no data at all , or upon premises so imperfect ancl contracted , as to be virtually worthless ; and besides the circumstances under whicli they are
instituted and carried on , gives great opportunities for fraud ancl peculation , and prohibit effectual guarantees for fidelity and security being had . The only way in which the operatives can combine effectually , safely , and profitably , is by taking advantage of that machinery which wealthier and better instructed men have called into existence , where they will find security of the most ample nature , and a more perfect organization ,
and means more effectually adopted to gain the desired ends ready for their use , at less individual cost than their own imperfect efforts would impose upon them . The best possible thing , perhaps , that could be done for the people at large , woulcl be for men having sufficient resources and information at their command , or for the Assurances Companies themselves to organize the people into sub-associations , for the
purpose of bringing them into contact with established combinative institutions , and thus allying the benefit of the poor with the interests of the rich . In every large town it would probably be comparatively
easy to found such an association , where the small weekly or monthly contributions of its members might be so managed and adjusted , as , much after the plan at present prevailing in clothes clubs , to effect the assurance of every individual , either in a sum to rescue his family from poverty after his death , or for a small annuity for himself after a certain period . The plan is not only feasible , but would be both
profitable and beneficial . It is the link which is wanting to connect those institutions which now act almost exclusively for the good of the rich ancl well to do , with the interests of the poor . Ancl this link once supplied , we should then see as a fact , and not as a theory , that this power of Assurance is still in its infancy , is capable of uses to which it has never yet been applied . The whole power of civilization really
lies in combination and association . They are the magicians of society , although men have hitherto been frightened from adopting or applying them in their integrity , because they have been identified with the now impracticable schemes of Communists , and the irreligious reveries of Socialists , and have thus got a bad name . Let but the bad be separated from the good , the chaff be winnowed from the grain , and those
prejudices will die away , and then that combination for Assurance which will now secure a future provision for individuals , may , by a series of such sub-combinations as we have adverted to , make societies of artizans capitalists , and owners of machinery , and associations of agriculturists