Gunnison Valley News | 1920-10-08 | Page 4 | Give Credit where Due

GIVE CREDIT WHERE DUE. We hear how Henry Ford has reduced re-duced prices on his automobiles, how the Franklin Automobile company has reduced prices, how silk has come clown, how rubber has come down, how hogs have dropped and how a hundred and one other things have dropped or are going to drop and they all claim a great deal of glory for helping reduce the cost of living. One industry which has been sawing saw-ing wood all the time and saying nothing is insurance. This industry has not increased rates over the prewar pre-war figure. During the war for a short time a ten per cent increase was levied to cover extraordinary expenses. ex-penses. This was done away with immediately after the war and insurance insur-ance has remained on a pre-war basis although expenses, taxes, wages, rents and everything connected with the business are still at war figures or have been iucreased month to month. A man's good points are usually brought to light after he is dead. In the case of insurance it should get ! a little credid now while it is alive and its record should be borne in mind when firms like Ford are get ting pages of publicity for reducing the price of their products after taking tak-ing the war profit for years. Insurance companies now face a period of readjustment and falling prices when the fire fiend may figure on burning his high priced stocks of goods rather than sell at a loss, thus loading the burden onto the insurance insur-ance illrllistrv unless he is ennp-ht And insurance remains the same.