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Show i A Principle Justified "As we consider the activity of stock fire insurance companies during the past three years," said a leader in the insurance industry, "and to this add our accumulated experience and knowledge, I like to think that the economic up-heavel up-heavel which we are passing through is merely an incident in yyjiMflmy.-MWMaBaM. n the day's work of our business, which stands as the basis of credit cre-dit for commercial enterprise. "While present conditions are tremendously important to most ol us as individuals, so far as our industry in-dustry is concerned, they are the risks which arise over a period of years and become part of the statistical record upon which our business has been built. Such periods per-iods produce facts which when properly classified and interpreted, and averaged up over a long period per-iod cf time furnish the rock foundation foun-dation of seasoned experience upon up-on which fire insurance companies compan-ies are built. A depression such as we are witnessing is an ordinary business hazard which we have to meet just as muh as the periodic conflagration. "That stock fire Insurance has considered just such possibilities as the present, and kept itself i-eady to meet them, is to me a glorious record." |