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Article THE GENERAL ASSURANCE ADVOCATE. ← Page 4 of 6 →
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The General Assurance Advocate.
while vastly raising the character of the office , would not in the slightest extent detract from its high estate . It may , indeed , be said , that " the deed prevents this ; " but it should be remembered that the deed notwithstanding , an act of parliament would be all powerful to enforce an adjustment , which principle and policy loudly demand , and the refusal or deferring of which can only be ascribed to listless indifference , or the
absence of common sense . May not much of the indifference of men towards Life Assurance , and their tardiness to test its advantages and profit by its benefits , be attributed to the colossal funds accumulated by some Companies ? Men who think at all , who are gifted with foresight and possessed of prudence , who contemplate a provision for their old age , and an endowment
for tj ^ pjr widows and families , cannot be insensible to the advantages of Life Assurance ; but in the instance of the Equitable , for example , they are not , as men require to be , attracted kindly to their own good ; they see no yearning for the improvement of the age ; they perceive only a vast capital which , apparently without any philanthropic object—without any beneficial end , has been wrung out of a host of assurers by
premiums far hi gher than those which security requires , policy sanctions , or principle approves of . They know that the masses can only participate to a very limited extent in the benefits of the accumulated wealth ,
the distribution of which seems to be deferred to the millenium , and they shrink back from casting their offerings into the gulf which has already swallowed so much , and appears to return nothing . The evil overlays and hides from their sight the good , and feeling that their own accumulations should be actively employed for their own benefit , they hold off from a system of which the advantages appear to them more than
doubtful . However , look where we will around us , we always see that proof of an over-ruling wisdom—evil working that good may result ; ancl the longer and harder error toils , and the more apparent success it meets with , the more power it grasps , the more surely does it work out the desired consummation . As Rome fell under the weight of universal
empire , so wrong falls encumbered with the weight of its own spoils . Each fresh robe with which it clothes its deformity , makes its native decripitude more visible , ancl every added veil wherewith it conceals the hideousness of its countenance , breeds in the minds of the beholders suspicion of the truth , a suspicion which ripens into certainty , and becomes matured in that vigorous action which overthrows already
tottering abuses . AVe have said we are no levellers , and we must disclaim any enmity towards those proprietary Companies which treat Assurance , to the exclusion of philanthropic views , merely as a commercial affair , which
Note: This text has been automatically extracted via Optical Character Recognition (OCR) software.
The General Assurance Advocate.
while vastly raising the character of the office , would not in the slightest extent detract from its high estate . It may , indeed , be said , that " the deed prevents this ; " but it should be remembered that the deed notwithstanding , an act of parliament would be all powerful to enforce an adjustment , which principle and policy loudly demand , and the refusal or deferring of which can only be ascribed to listless indifference , or the
absence of common sense . May not much of the indifference of men towards Life Assurance , and their tardiness to test its advantages and profit by its benefits , be attributed to the colossal funds accumulated by some Companies ? Men who think at all , who are gifted with foresight and possessed of prudence , who contemplate a provision for their old age , and an endowment
for tj ^ pjr widows and families , cannot be insensible to the advantages of Life Assurance ; but in the instance of the Equitable , for example , they are not , as men require to be , attracted kindly to their own good ; they see no yearning for the improvement of the age ; they perceive only a vast capital which , apparently without any philanthropic object—without any beneficial end , has been wrung out of a host of assurers by
premiums far hi gher than those which security requires , policy sanctions , or principle approves of . They know that the masses can only participate to a very limited extent in the benefits of the accumulated wealth ,
the distribution of which seems to be deferred to the millenium , and they shrink back from casting their offerings into the gulf which has already swallowed so much , and appears to return nothing . The evil overlays and hides from their sight the good , and feeling that their own accumulations should be actively employed for their own benefit , they hold off from a system of which the advantages appear to them more than
doubtful . However , look where we will around us , we always see that proof of an over-ruling wisdom—evil working that good may result ; ancl the longer and harder error toils , and the more apparent success it meets with , the more power it grasps , the more surely does it work out the desired consummation . As Rome fell under the weight of universal
empire , so wrong falls encumbered with the weight of its own spoils . Each fresh robe with which it clothes its deformity , makes its native decripitude more visible , ancl every added veil wherewith it conceals the hideousness of its countenance , breeds in the minds of the beholders suspicion of the truth , a suspicion which ripens into certainty , and becomes matured in that vigorous action which overthrows already
tottering abuses . AVe have said we are no levellers , and we must disclaim any enmity towards those proprietary Companies which treat Assurance , to the exclusion of philanthropic views , merely as a commercial affair , which