Show B BRIGHT RIG HT OUTLOOK I FOR FDA INSURANCE DURING 1926 I 4 i PJ SI J CI CI Ui IH P 1 Cli I BABSON BADSON PARK PAUK MOM MasI lla Jan 9 1 o ear Cir i ego ago Roger T r the tho was as 50 sev severely I d by many I men because he lie ad advised certain ot of his wraith clients to cash In a aI portion portion of or their life IIo Ito I pointed out that thai thaI good goo securities were ere then Hr very ery low Jow and that It ItI aas as good 1 business for Cor a man to 10 I Iao hao as much as possible ot of o his mon In bond bonds Mr Ebson I made It clear I that hat no Ins anc be cancelled which In an any anyway anyway way ay adequate protection protection tion lion for Cor ones one a s finally lie He was refer refer- referring reter rIng to Insurance taken a as an anIn In Since that time se- se securities se securities have Iao risen BIH sharply In 11 while life lite la is ob- ob obtainable obtainable ob obtainable for tor the same figure In dew o ot of this Mt lIIl Dahon toda Issued I tho tile statement i r MiLY I As the price of or stocks Block and bonds bond climbs upward life liCe Insurance insurance Insurance ance becomes mOl e e as asan asan fin an Investment or Of 0 course it It has ha been ont during recent years that life Insurance ha has been sold as an Investment It started fire Insurance nB as a a method o of mutual protection Men Wen took look out what hat they needed In III order to take care caro ot of o their ram families Illes III incase case ot of o death It his hs only been beell In recent ers that insurance has been taken out for tor corpor corpor- corporations alien business bulnes house houes and estate or Of course coure pt pi 0 insurance should sh be bo taken out by elery- elery e one cry one lo to a certain amount antI and andI should never bo be cancelled cashed I In or s switched It If ho however e er a anun man gets ets enough Insurance to lake Inko care ot of o his tam family II any ad- ad ad additional Insurance really becomes nn an Investment rather titan than In- In in In Sortie Some life Uto 1 m n may disagree nith Ith this die dl- dis distinction but I am ser N stile sUIO uio faIr faIr- minded fair minded would mike it ItI I 1 mention this distinction not be- be beIng being be being ing an Insurance expert It Is On onlIn In relation to such Investment In In- In Insurance insurance In Insurance thit tt I I e ha all an rIght to speak RIfT I 1 hae halt always alas advised the pur- pur purchase purchase pur purchase chase of oC o Insurance for lor or protection of o what price ItIs ate a e selling tor for and the conditions in the security I mal ket A man who ho needs pro pro- protection pro protection should take out Insurance The only disagreement I have lve had with lIh agents IS duo due to the tho tact fact thit thU lI I Insurance Is less attractive e when hen security prices are aro lo 10 and more I when hen security prices are aro high Because Investment In-I In in- in In surnce Is ls al at the tho price It must be judged by what I Ithe the same me money will III w buy In other tOJ ms ot of o 10 Investment estment In a away a 0 it Is la the mean bet bete between e n the aI I high and low of oC the II mar mar- market mar mar-i mar mar-I ket This very tact fact act thit It Is a mein Is the reason that the tho rge lugo companies ate ale so strong and InsUl anco Is so Ue safe cafe I GOO GOOD GOOi 1 T I Whether or not Insul anco ance agents v will agree with mo me as to I which was ns the better bettu Investment I scars ears ago alo or securities I an am sure they will Killa with Ith me now when hen I say that Insurance as an Is becoming more attractive e each tach da That Is to say sa as security 11 Ices go up Insurance which re- re remains remains re remains mains at a constant figure be- be becomes becomes be becomes comes more attractive e aa as an In- In In Investment vestment estment The truth Is that when hen stocks and bonds bond cross the aver aver age normal normol line on the Hie Up mo ement Insurance becomes nn an Investment This cs- cs cs applies to twenty 11 lire life and various arlous forms Corms of or en- en endowment endowment en endowment Insurance which Ich get geta geta a fixed sum ot of mone on a spec spec- 1 date I noon GOOD nO nOR BOM flOI R I i I I I believe that 1925 1926 wilt will b b- b u I I good bond ear ear and that man many issues vM sec see higher prices they have liao already but butI I also believe bellee that th t take account of ot stock as to their insurance holdings No ho manI man I hould hao havo all his investments itt In stocks stock bonds bonda real state estate or urany I any other one thing All of oC one i capital In Govel bonds I Is II not 1 a sane Bane method of ot Dh Is the bass baas or of orthe the soundest method ot of o II Tue Tho point I 1 wish Ish to make mako to- to today today to today day is Ihil In lii dl di ing con con- consider con consider sider sidor e as ao a 0 In- In In Investment vestment for Cor i portion of or sour our surplus funds during 1925 USI OtI n lt TIn T In Iii purchasing endow endo endowment mont ment in- in insurance in insurance I use son e C sense as to ma- ma maturity maturity ma maturity lor Instance ln In pa mg I Ia a 20 endowment policy a aman aman man should consider his age ago In determining the duration of Ot the It Is apt to be moro more d than ii to h a 0 20 O t twenty enty lear ear policy ma- ma matUI tuie ma-tuie tUI two e when he Is rort forts torti On the tho theother theother other hand It Is reasonable for Cor Cora fora fora a man of ot fitly fifty to take out a n twenty ty scar ear ear policy In III taking taIling out n a nUO 20 endo endowment ment policy it It Is best to 10 arrange II the so that 2000 will 1 como come due when Ott Oll are Ity 2000 when hen OU are sl one sixty one ly 2000 2000 when heIt hen ou ate are two 51 two to t and so forth until unlit OU OUI I are seventy as sou ou can ao d additional Insurance It mature In a similar series or of years beginning whoa when you aro seventy S GOO GOOD I am sin very hopeful of ot the tile in- in insurance In Insurance I business for Cor the nel next t few Cew ears cars I believe belleve all the ito largo large com com- companies com com- companies companies In-I In will do a n record business and wide awake honest agents should prosper pros with Ith com corn companies panic I am I et veil on tile stocks Blocks of or most mot ot of o tho tile larger compan companies The Tho insurance anco ance business has loped developed to stupendous louo iet Ht t It Is Ull In itt It Its Infancy when judged by its ILs probabilities Moreover under careful go eminent ot of tho tile Insurance companies and tho f that they are officered I I land and directed by capable con con- conscientious con conscientious In men should make malce their policies as well a as their poll poll- poli ci cies clu sound in Investment In for tor a portion ot of your surplus funds I General business as reflected on the the lie onlie i Is now running I at 1 percent above normal r MERGER I LAW RAPPED i I WASHINGTON Jan Legis 9 Legis Legislation lation laUon to a pel pet LegiS I ml h e I stem of or r consolidation n II period of or eals eaIs was urged I I the senate interstate COrn com committee tod ly ty y byHre by l fred d Thom Thorn ti gener-ti counselor counsel of th the II of or ay C declared an aO attempt b the i Interstate Commerce commission lon I I make or I consolidations lions was wan as to I of or Its object The scheme mot most mo t favored by I rail rail e Mr Thom Thorn stud said would w the tines lines of ot President Cool Cool- I s recommendations recommendation In his Ills mes- mes of ot r r 1923 whereby hereby me-I me would be b to tol l I ork out proposed combinations the tho slon decide In the tho he public the they were H HY Y r TO I I That Is the only wa way iou ou oti will III ha hate e an success In mergers merger he said It It would do doaa a aw a at once w with Ith ith I I he tear fear that doI I some ome I would be bo taken talon Into tho he combination on the basis ot of o an ane e ces value alue computed d from tho cost coot or of o their reconstruction Rath Rath- Rather Rather er Cr they tiley would all come In on the basis of oC their value alue to the com corn combination Furthermore the tito coun coun- council coun- coun council cil cli argued that In order order to pro pre pre prevent vent lent a gl e pre prejudice to the suc- suc success suc success cess of mergers the tho work ork nobe no now no be- be beIng Iny bc-Iny Ing done b the Iho commission slon should be stopped topped forthwith o 0 application for Cor a merger could be considered on It Its mer mer- merIt tIter tIter- merits It ii its lie It If It the tho com com- commission coni- coni commission mission felt elt that hat Its I meant the scrapping ot of o ears ot of 1001 ole it j e to 0 believe bellee tho the present law av to tobe tobe tobo be because It loses sight Ight of or the tho conditions surrounding th the problem problem problem lem Senator Republican Iowa Io n a co-author co of or the tho ho called attention many modifications which had Iad been made mado In that measure aftel It left the senate tennte 1 1 Ls 1 i l Dr H TI I I sa av frank Crank frankli Mr Ir Cummins added that that as no now written ritten It Is 11 Inadequate and unworkable un so Jar far Jaras faras as the tho consolidation provisions a ate c concerned Senator also agreed alreed with ith the Hie witness lines that there I Is much mitch logic In the argument that the Iho commission should l bo be relieved of the dUI dut dud ot of o promulgating n a gen gen gen- gen e cial al consolidation plan Mr Thorn Thom urged 1 I or of of oC tile the present law which he Ito said made possible tile recent Mckel Plate and Southern Pacific acquisitions |