Show THAT INSURANCE NCE GAB G S LE LETTER TO POLICY HOLDERS ANSWERED if 11 as torn fator Campa campanie Coia paal nue cala ray 2 per cent cat to HT holdon they voted do it colona roberts call cab al Att nUa go sama C cid ad bractt Policy policyholders holders in the mu taa life insurance compact recently received a letter from col J jacob acab I 1 L greece president of the company calling their attention to the probable ef feet the victory of tree free silver wa would uld ba har upon life insurance policy holdem the letter begins with the a assertion artion that it never was thought ne necessary cesSa to provide th that either premiums or policies should be paid in any particular kind or quality of dolla dollars it beans be assumed tl that the american people were to 10 seep keep tufu t worth their fam axe ax e value but now col greene says comes comer a political party abow avowing its purpose to make a dollar mean three distinct and different things to wit A gold dollar worth as bullion loo cents a silver dollar now dow worth as bullion only 52 cents cent a paper promise of a dollar to b bf larned hereafter by the government redeemable in cent gold dollars 52 cent or less IMS silver dollars or in new to pay at the option of the debtor or redeemer the least ae valuable of these dollars would remain in use SO we should be on the single 52 cent dollar basis and then the purchasing power of policies would be cut cat in two the change to a silver basis baals the letter continues would stimulate the production of silver the ores ore now are easily accessible in such vast quantities thu that under such changed conditions the price woud steadily decline on 0 a silver basis your policies would tor for the present be paid in dollars worth only about 50 cents and the bulk of them probably would be paid in dollars worth from 25 to 33 cents we therefore warn you that as it Is your duty to make this provision tor for your fa families milles so it is your present duty to see that no part of that provision is lost loot J C roberts roberta of af chicago recently mailed the following reply to col greene jacob L greene bartford Eart ford conn dear sir A copy of your circular to your policy holders has been handed banded to me and I 1 have examined eya ined it carefully and in my opinion you axe are treading upon dangerous ground there is ia an old adage which runs something like this folks that live in glass glaas houses hous should not throw stones however you have thrown down the gauntlet and as an advocate of tree free silver I 1 accept the gauge of battle 1 I have had some experience with life insurance companies both as ag a victim and as an attorney I 1 have been called upon five times to defend the aldo and orphan against the of life insurance companies and have won my suit in each case I 1 have ever found that the weaker and more de fenceless the beneficiary the more arrogant and unscrupulous was the insurance company and from my knowledge of the companies generally I 1 doubt it there Is an insurance president alive that would not sit up nights from rom now until the november election to study out some scheme to beat the policy holders out of ten cents on the dollar As a business proposition your circular is a failure for if there is anything the american people never will submit to it is coercion especially upon their right to exercise their own judgment in voting As a political proposition you have done more to help the cause of tree free silver than any other rich man in america life insurance Is something that the public knows but little about these institutions have posed as eleemosynary concerns when as a matter of tact fact they rank but little it if any above the old Lou louisiana louissan islan lottery but you have declared war and to the utmost extent of my power the public shall be fully informed upon the methods and schemes of your class I 1 shall hall t make speeches upon the stump between now and ele election cAon in all of which I 1 shall advertise the life insurance business and your company in particular the war will not end with election I 1 shall 1 I carry the fight to the state legislature of illinois and to the congress of at the united states and endeavor to secure the passage of laws law to restrain the present companies from further power to continue their illicit gains 1 I am well versed tweed in the statistics of life insurance but shall leave no stone unturned nor spare any expense to tn secure all the evidence necessary to ebow that your interest Is not in your policy holders but that tha as the largest money lenders in the world you want to T tn ak money MY out of its scarcity 1 I win will show that it does not cost 10 i per cent of the money filched from the people to pay the death losses 87 per cent of 0 all the policies lapse of the other 13 per cent 7 lie die and 6 uve live the last 6 pay in more money than they receive these facts together with one other which to is that the principal expense of life insurance is the salary of its officers this will prove very interesting te to the unfortunate victims of your scheme and show how you have amassed in less than fifty years the impudence that you and a few other life insurance presidents assisted by a few national bankers of the same came stamp I 1 have exhibited in issuing circulars surpasses sus my ry understanding and la is only equaled by old BOD bob who in IM 1859 threatened to at alm bj sa s1 Y at t the tai fx G please think this over remember remembert Rem emberl this la is your country and that wo arr arf americans americana that the writ spirit of 1776 stif lingers in the veins of very many of our people and what the american Amerl caa i people believe to be right they will have hare in spite of life insurance presidents respectfully yours youra J C roberta |