Show MAKE Jig THEM MUTUAL JUU When time the Armstrong Arm committee completed its ils is work b by informing th the Iho legislature o of N cw York Yok state slate what th they had found concerning Insurance and haul had fl advised I cd as to the Iho best est means of correcting time the existing evils evils' ls C the they Imey finIshed finis a service valuable to lo time the I people peo O. O of oC the tIle en entire lire countr country Chief among the recommended is that all nI the Iho life companies be bc made mutual Paul Morton Morion when he look took charge o of the Equitable staled slated t that nt ho he would complete an anti and make genuine i its ils mu- mu U it 1 Is a work worl that thai should be done with wilh wih every I. C life company Inthe in lit the Iho country An And Amid the richer he company com COI- COI pal Palm pany the tho iii- iii ro rca reason n for tho c ci I. I r g st Sll t i T ire or er 1 recommendation of or the iho ts as that fun funds s of oC I C n lies n nover tI bo ho In- In 11 st Ii 1 but bul municipal and O Cl ii l Obedience to that rule J 11 m en end cod to lo the fJ anc fl I f ous in ln which the funds of or Jt int ho holders ar arc mc risked for the enrichment o of fa officers The Th report further s that uck Investments of or the he companies cum com l be c prohibited except in lii stocks of ur municipal corporations that th the lim limit nR of annual now new business be bo fixed at that a drastic incas incas- 1110 nr lif ii I. I oil t In ont a nt n it I r u 1 I I I contributions contributions- thai lobbyists be beils cI- cI and amid 11 that c each ch company submit itemized accounts of its is legislative c expenditures ex c- e- e I ures that all 11 salaries over O CI 1 5 r.- uOti 01 a year eal h be he fixed by the trustees and amid not nul by a committee or 01 officer that the rebate law be amended to tu tomake el mal make th the receiver equally sui guilty with wih time the giver ier that syndicate transactions b be prohibited that thai l dl dividends be distributed dIn dis annually am and mI that lint the Insurance ance olce of If called so-called so deferred eJ dividend di policies bo he prohibited that lint agents agents' commissions bo hc made uniform anti and bOlus bonuses and amI prizes bo he multi arl that provision he ho male made for COI the publicity pub mu- panics of or tIme thc transactions of uC the cum com It L Is amazing that rules so 10 ccarl clearly ri right might ht have never ne er been followed If it the hI bIg lils companies have o thriven in Jim suite I of ut such unwise un le management clent as us thc they have ha c observed the one conclusion sion must bo he that insurance has been CO costing a u great groat mica dear too tOi much to the policy holder And Amid ld time iho final Cinal result o of time Investigations II should bo ho the time reduction of uC that cost Life Insurance i Is right might a anti and rl should not lut be he neglected h by un any prudent man lal Mut It I Is Ii no in part of his dut duty duly to Ila pay the time president of oC his company compan a year Ca' Ca contribute a n year yeah cal for 01 the thc Cori corrupting of legislatures legis legis- nor give gl e money from rom the p company treasury for COl llio the influencing o of elections p Cs And n if I these things al an LrI Oi a cd Jn 11 future the tIme cost of or curr currying carrying the lie li risks ls must mUtt be lie appreciably le less than thc have O IU been In the Lime past lI l |