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Show - EDITOR IfflES " CflKiSITlOILl Cyrus K. Drew Believes Utah Should Avoid Mistakes Mis-takes of Other States. , EFFECT IN COLORADO Legislature Will Remedy Defects Discovered After Period of Operation. f' Cvrus K. Itrcw, uJ i t or of Iik-uraiKC I.'cjuirt, an in.-tint in-i: raili enp'-r of )rnvi-r, is vi..it".utf Salt Lake C'it . M r. Im-imv li.'is mjim'1 interesting obMTvat ions tu iiia.lic un tlm ouonit ion in oloralo dI' tin', wo-kmi'ii '.s -onion;itiun law. 'I o'im'i". 0," In? sai.l, "that L'tah is alioiit to follow bee many siMer states in tfiiai-tini; ii workmen's roinncnsatinii Jaiv. Jn time all Mato will have nrh 1 laws. The ii-in-iili' iiihlerlyiji 1 hem i.s ,- edcMv :-i.iml anil jut, especially i!' wise .'imi:ii1 .re;tiiM in applying it to aoi.l tho JiiitaUi- other slated have made. "In olorn.lt ui h;io had nslitron t mouthr-.' experience with Mich a law. In t.ic main it. has liccn satisfactory. Tvyo unfair ihinqs, however, exist. hihI will !. rhanjicd at the present legislative sef-'Mon. Our waiting pericl is tvy weeks; ten .lavs is com-eiled to le a fair ( pf rind tn all' nnn'cviii'l Our weekly indeiimitv is only 'S, regardloss of the earnings "of tin1 injured employee. This will lie ie;id, justed on a sliding scale. , Flan Is Competitive. ( ".ike Mniic utlnr stales obsessed with experiment in:.' with socialistic theories, the-ories, 1 () 1 u 1 a 1 1 o coupled up with the com-pen-at inn law the plan of state insurance. insur-ance. Wisely, however, we avoided the ' 1111 American", unfair- and wholly unjus-' unjus-' tilialde scheme of monopolistic state insurance. The Colorado plan is com-petitive; com-petitive; that is, it, given to private corporal i his, financed 1 v cil i.ena, the rijdit to continue in business. "No, it would be stretching the truth to t-ay thai the Colorado stale fund has ( proved a success, (t had a staggering los experience applying to future indemnities, in-demnities, i-uinc of which extend on weekly payments twenty years into the tutu re. "A defeit in the state fund idea is that t het e exists no designated law or ' regulation to provide adequate funds necessary to meet these future liabilities. liabili-ties. Kurt her, the state fund is not under the regulation of the insurance department, or any other state department. depart-ment. It does as it pleases at all tunes, ' in all way. There exists, therefore, an honest doubt as tn the absolute reliability reli-ability of any form of state insurance. This doubt i t lengthened by tiie practice prac-tice of stare j'11 nd.s which attempt to write policies at rales less than charged ' by pvh.ate stock companies. Child of Politics. " Worst of ail, the state fund plan is a child of politics. We rarely find the polit iciaii;, eagerly searching for expert ( talent to em 1 ley to conduct the insurance insur-ance feature. In Colorado we were fortunate for-tunate iii having had in charge a competent com-petent insurance actuary, who was given giv-en sole management of the insurance L p'pn- Polities ;it this writing threatens to' eliminate him. The industrial commission com-mission of t h ree men, who were in i-hargo ot' t ho compensation law and state fund plan, by the operation of a change iu administration, have been dismissed dis-missed in Colorado and three new men, inexperienced, of course, and chosen as a rewa rd Mr polit ica I services, will shortly be selected for this very important impor-tant w oru. 1 1 is very probable t hat they will presume to know exactly how to run the very highly technical insur-' insur-' auce feature. "ft" state insurance is to become general, gen-eral, and this seems likely, certainly it is only fair to expect that, the private corporations, financed by private capitalcreatures capi-talcreatures of the state should not ( be confiscated. In the west, where individual in-dividual freedom and initiative so characterize char-acterize our people, the monopolistic, idea of government control in affairs of business particularly is offensive. t Satisfactorily Regulated. "There is no branch of business so highly supervised as the insurance business. busi-ness. It is j-cieutifieaily regulated in e cry Mate and all private insura nee carriers are compelled to be in the hands 01 competent men of experience ex-1 ex-1 pens, ir you please and the law sees tu it that these companies shall continue con-tinue at all times financially able to meet t heir policy obligations. Hv con- trast, a monopolistic state insurance M-henio is a gigantic political engine, unregulated and with no. definite or dependable de-pendable head. The state not. being a n-narantor of the financial integrity of the policv is not really behind' the contract In any sense of tho word. The a rious commissions of politicians in charge of state insurance all over America Amer-ica give very little concern to the question ques-tion of the scientific future success of tho state insurance plan. These men are subject to removal as politics shifts iM control. For these I boiieve that in the not distant future there is certain cer-tain to conic results that will stamp stata insurance as wholly untrustworthy. untrust-worthy. ' ' |