Show BREAD INSURANCE it is a maxim of the mormon people to lay up bread for a time of scarcity this thin has baa been neglected thus far although many would have liked to tc nave done so it if some borne feasible ical method had been devised there might have been a willingness for a responsible company to have taken charge abarge of bread and to have made a fair profit me as a business by it Lu individually I 1 would like to see ee the mormon church manage it as 09 it is part of the religion as I 1 understand it it could be done through the tithing OM onti or belief associations not as a charitable measure but as a branch n strictly business principles principle for profit the matter could be arranged somewhat on the he following lines lot large and small elev elevators atom for the storage of wheat be erected in various settlements or at points where wheat is cheapest the wheat to remain until required by the be most moat convenient mar ket wheat might be stored in cache and counties for salt bait lake city subscribers this city might oo be the headquarters also for the bread insurance no urance company with branches all over ittie ithe territory the companies should be united in this way to secure each other to lo emergencies such as 88 short crops and hard bard timer in his way developing a strength that would create abe fullest confidence a kind of mutual aid asevo association latton and operating if necessary under bonds which would guarantee the companies wei their r propositions of supply auppl y of bread by actual storage of wheat insurance of elevators and contents against fire and disaster of any kind a leeway under bonds to be allowed the company when the harvest is assured so the coin company way noula bould sell before harvesting a now new crop and replace the old wheat with new say for example ten bushels ot of wheat constitute a years supply of broad bread for one person terms of insurance governed by price of wheat when insured ten dollars for one years insurance of broad bread to one person is in I 1 think cheap considering present tim a and would be a good investment tor for the campany cm pany the main idea I 1 have in these propositions ions to is to prepare in surplus wheat crop years for reasons of scarcity to insure broad bread for wives and children in case of the tb death of husband or father or nil bin absence on a mission to insure a future supply of broad bread as a protection against oil old aga age sickness accident bard times lack jack of employment famine etc also to provide a moans for taking care of wheat on a more economical basis than Is being done at present prea ent this ar range maut of storing the wheat in elevators would protect it against injury from mice insects dirt and other injurious influences as well am aa provide a moans whereby it could be better belter graded then an exemption law should be passed to protect each minor child invalid cripple old person over the age of say sixty years so 0 o that the incur ansur ance certificates of theme persons could sot be disturbed for a period of years such law to apply also to a broad bread certificate that might be willed to a mans family even when we be beneficiary is an adult providing the testator left no unsettled debts any one mormon jaw or bentile 1 should hould partake alike of the privileges privilege of this broad bread insurance arrange arrangement mouL it right might be best beat to have bare the insurance certificates transferable nontransferable non except within proper restrictions restriction employee cm during good times might be induced to invest stated amounts dur ing stated elated intervals in a way similar to hospital due laborers and public works might in some aoh such way as this be prevented from becom lug a public labarge charge upon the charity of the community taking up a quantity of surplus wheat and storing it would be a benefit to the fa farmer on the wheat market by protecting its the company need run little if any risk either for it if a year were bort in its if dropp crop and the comino crop assured the company could unload at ai high prices and replenish the following harvest at lower prices the insured party is supposed not dot to aee me his bib yearly broad bread except in case came of famine destitution or great necessity but say at the end of the insurance year just before harvest he can call at the office and commute the year just ended finding he be did not need the bread or he might be allowed to pass pan the insurance a year longer for bread inthe fu futa tureby reby paying the fees agreed oo on covering storage carloads oi of wheat can be received from elevators in the be country and distributed at intervals as needed just fust as conveniently as from the city storage depot all the items of management and detail could be arranged to meet the necessities of experience an inheritance which would insure a family a five years year pa supply of bread would to in many cases be a better legacy than gold there lit is sure to be a good interest for all that is invested by bv the insured within any period of five years reckoned from froin a time when wheat is as low as it is at present I 1 have in mind other products to be added as branches branch to the bread insurance company this of course could be easily done when the success of the bread insurance was assured the plan ls Is I 1 believe worthy of adoption by any ady community and especially ours there Is in in it if properly managed fifty per cent profit for the company and fifty per cent profit for the insured beginning for a term of five years from this harvest JOHN W SMELL |