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Article GENERAL ASSUEANCE ADVOCATE. ← Page 4 of 6 →
Note: This text has been automatically extracted via Optical Character Recognition (OCR) software.
General Assueance Advocate.
tion in the empire of Assurance , is to be found in the fact , that almost every movement they have made , almost every improvement they have introduced , almost every change they have made , to ensure the whole benefits of Assurance to those to whom they properly belong , the Assurers , has been adopted , or approximated towards , by offices of very high reputation and of long standing . It is true that in some offices the
deeds of settlement , relics of past ignorance and wrong , prevent the introduction of any such healthful and invigorating changes , and tie them down to continue the practice of past error . In these cases , we are informed , that it is in contemplation so to amend the deeds as to allow them to take advantage of those improvements which younger offices have developed . In some instanceshowever , even that is impossible ,
, for their deeds are as irrevocable as the laws of the Medes and Persians , and these unfortunate institutions seem doomed to drag on a wearisome existence , bound down by restrictions and conditions unsuitable to the spirit of the age in which they live , and which self-imposed for some fancied advantage , which modern knowledge has proved delusive and false , threaten to cling to them still more tightly than ever the old man
of the sea clung to the shoulders of the luckless Sindbad . For such waifs and strays upon the sea of doom there is but little hope of escape ; but even they , too late , seeing the destruction which threatens them , are making desperate efforts to escape , tempting the unwary by promises of large bonuses to embark their fortunes in the same leaky bark . But these efforts must fail ; for wherever the principles of Assurance are
spread with the bane comes the antidote . Men are being taught that to receive bonuses they must first pay them , that a part is not so much as the whole , and that those societies which are free to take advantage of every improvement , and which have no divided interest between Assurers and Proprietors , which husband the resources of all for the benefit of all , embody the true form under which Life Assurance is capable of the most extended and beneficial
application" What a change has come o ' er the spirit of the scone . " We have just passed through a period of extreme commercial depression , and apprehensions might well have been excited , that the contraction of the resources of the mercantile and trading classes would not only have proved inimical to the spread of Assurance , but have diminished the extent of its empire . Those apprehensions have not been realised ; for
while it would appear , from the reports of the older offices , that they have at least had the pleasure of congratulating themselves upon maintaining their position , several new offices have sprung into life , grown into vigour , and put forth fruit , as the proof of their increasing strength ; so that it must be evident , that contemporaneously with great commercial distress , the business of Life Assurance has actually greatly increased .
Note: This text has been automatically extracted via Optical Character Recognition (OCR) software.
General Assueance Advocate.
tion in the empire of Assurance , is to be found in the fact , that almost every movement they have made , almost every improvement they have introduced , almost every change they have made , to ensure the whole benefits of Assurance to those to whom they properly belong , the Assurers , has been adopted , or approximated towards , by offices of very high reputation and of long standing . It is true that in some offices the
deeds of settlement , relics of past ignorance and wrong , prevent the introduction of any such healthful and invigorating changes , and tie them down to continue the practice of past error . In these cases , we are informed , that it is in contemplation so to amend the deeds as to allow them to take advantage of those improvements which younger offices have developed . In some instanceshowever , even that is impossible ,
, for their deeds are as irrevocable as the laws of the Medes and Persians , and these unfortunate institutions seem doomed to drag on a wearisome existence , bound down by restrictions and conditions unsuitable to the spirit of the age in which they live , and which self-imposed for some fancied advantage , which modern knowledge has proved delusive and false , threaten to cling to them still more tightly than ever the old man
of the sea clung to the shoulders of the luckless Sindbad . For such waifs and strays upon the sea of doom there is but little hope of escape ; but even they , too late , seeing the destruction which threatens them , are making desperate efforts to escape , tempting the unwary by promises of large bonuses to embark their fortunes in the same leaky bark . But these efforts must fail ; for wherever the principles of Assurance are
spread with the bane comes the antidote . Men are being taught that to receive bonuses they must first pay them , that a part is not so much as the whole , and that those societies which are free to take advantage of every improvement , and which have no divided interest between Assurers and Proprietors , which husband the resources of all for the benefit of all , embody the true form under which Life Assurance is capable of the most extended and beneficial
application" What a change has come o ' er the spirit of the scone . " We have just passed through a period of extreme commercial depression , and apprehensions might well have been excited , that the contraction of the resources of the mercantile and trading classes would not only have proved inimical to the spread of Assurance , but have diminished the extent of its empire . Those apprehensions have not been realised ; for
while it would appear , from the reports of the older offices , that they have at least had the pleasure of congratulating themselves upon maintaining their position , several new offices have sprung into life , grown into vigour , and put forth fruit , as the proof of their increasing strength ; so that it must be evident , that contemporaneously with great commercial distress , the business of Life Assurance has actually greatly increased .