The intelligencer. (Anderson, S.C.) 1915-1917, September 05, 1915, Page PAGE SEVEN, Image 7
Life Insurai
An Econ?
(By OrvUlo Thorn. Before N. A. l>.
U. at San Francisco.)
Economics relate? lo weulth, and
-wealth pertains to valu?* which aro
transferable. The three primary
agents in tho production of wealth
are land, labor and capital.
In every enterprise there is a fun
damental principle which ls vital to
its existence. The attainment of pow
er is the high aim of thc Individual.
No mau eau attain bis maximum pow
er until he makes use of tho prin
ciple of economy.
Every mon who produces more than
ii? column)..; has a life of monetary
value to some one oise.
Ilegal reserve life insurance offers
to tho young man un opportunity to
manage wita frugality the earning va
lue of his life. By enabling bim to
do things, otherwise Impossible, it
gives hin. the nucleus for tlie build
ing of an estate for himself. By
virtue of this ownership ho becomes a
better cltiz.cn, looking forward to
larger business interests. Starting
in life with the firm financial founda
tion which the possession of n sub
stantial life insurance policy gives
bim, the young man caa, withstand
financial stress aud financial storms,
because he is well grounded on a fi
nancial rock. i
since the entire business and social
fabric of our people depends ultimate
ly, for finance, upon the young man,
be umist bu started early In life on the
road to success and be helped to en- ,
large, and tsrenther. his earning abili
ty. It becomes a strong economic
force In the Hie of the young man
when for unselfish reasons, primarily,
he lays aside a definite sum for future
contingencies. The payment of his |
first premium ls the beginntag of thc !
? ri angelia nt of his work toward a de- '
finite purposo. This knowlege and '
the conviction that he Is building safo j
bulwarks for himself, gives his con- j
fidence, self-respect, initiative to dare i
further, and serves gencially to ?nuke j
him a Btronger producer.
The forming of an caTly habit of ?
systematic saving, inch the mainte
nance of a life insurance policy re
quires, is an imnortant clement in the
coservation of tbiO products of labir. j
This habit will prove to bc a veritable 1
asset in lator years, assuring self- .
support In old ego. Thc hab't of BSV- '
ing is itself an economic force. "It
fosters every Mirtna teaches sclf-dc- '.
nial, cultivates tba sense of order,
trains to forethought, and so broadens
tho mind.."
Man's lifo valuo is frequently tho
eq.'dvalent, of large capital, but con
sidered alone, it is not in a f.?rm to
rcrider him any service, or to assist
him in producing greater wealth.
NO R
The FARM
We ar?
If the pric<
If you
tice As
amie Force
Hero life Insurance is of muc:i assis
tance. For iUBtance, a ?ian :i.r> year?
uf age with an earning capneity of
^2,000.00 per year above family ex
penses, baving -.ni expectancy of 'M
year? according to the American Ex
pel lenco table, on an n&mmed inter
est rate of 5 per cent, has a life value
of $:!1.184.O0. But he can't utilize a
dollar of this future life value to ausist
him in creating additional woalth. or
obtaining credit from the bank or the
individual lender. The chance of
dentil destroys the entire security BU J
reduces a valuable asset to an uncer
tainty. Today his life value is worth
$.11,184.00. Tomorrow Jt may be but
a memory.
With life insurance, this intangible
value becomea concrete, for the In
sured has ineomporatcd his life, capl
etal into a life? value stock company
with all the stock issued, fully paid
and non-asaessahle. With such de
sirable security, he can borrow mon
ey, from new Hues ol business, and
contract obi!, ations for future matur
ity. The haz.-.rdous element is elimi
nated from his life. Ile goes forward
with new spirit, is clothed with great
er power hecause he has added to bis
labor, capital, the result of which is
increased wealth.
When under contract, men will meet
obligations which, otherwdse, might bo
obligations whilic, otherwise, might be
disregarded. Most honest men ure
plan well but execute poorly. Then,
he who really provides for the future
of t?B family is tho noni who places
himself under contract aufllcient to
safeguard ita equity in his lifo. Eco
nomically, lie preserves to lils family
the value of his earning ability.
Legal reservo lifo insurance inspires
faith nnd confidenco on the part of the
insured because it in void of specula
tion, being constructed on a scien
tific plan. Since every phase of Hie
business is conducted along safe and
conservative lines, aud every provis
ion ol' its contracts is based upon un
questionable facts, it stands for solid
ity and permanency. Being aggres
sive, yet conservative, and absolute
ly safe, it is profitable to the 'nsur
cd. High In ita aims, true u, its
standards, extensive in its benefits,
exalted in its very nature, its influ
ence for good citizenship, besides tho
porsoual gain to tho individual, is
far reaching. Lifo becomes a driving,
pulsating, irrcBtiblo force which leads
him to create products of value. His
mission broaelcns and his character is
remolded and tempered by tho influ
ence of tho distinctive qualities and
cconrrinlc principles of life insurance.
Great achievements ol individuals
may bc traced to the foundation
source of family soundness, and tho
EASON
ER ought to get a
z prepare?
COUNT
of th
3 continues below tl
the marl
wish to avail y
some of th?
ZENS. Nr
J
Austrian Oil 1
wealth of nations ls founded around j
tho hearthstone of nure and noble
domesticity. Thu broad winner ami !
the bread-saver are thc two pillars
upon which rests tho real responsibili
ty of family existence. Thc benefits
of life insurance accruing '.o them
serve as an economic force, the bound
less result;: of which it would be dif
ficult tf) estimate.
Tho family unit and nome aro vir
tually synonymous In social progress.
Manifestly, it is better for the family
that it owns tho house in which it
dwolls. "A man's house is his cas
tle." Ownership of the homestead
means much .toward tao well-being ol'
the family. Persona! inter..:t ls fal
tered and home ties are strengthened
tlie result of which U greater lovo and
affection in thc home. However, in
many cases, ?ince it wou!:! bc neith
er safe nor wiso lo create u debt lu
order to own a homestead, thc hus
band must depend upon accunrulatins
BufHcient capital, saved from, his in
couic. to buy lt.
This frequently necessitates a long
delay willoh operates against family
efiiciency. Uut, life insurance helps
him tb change uncertainty into corr
talntyT Hy it?i uso ho can saf-.'.y
create a debt against his future earn
ings, for this much needed asset. The
purchase eau be made and a mortgage
given to secure th ct obligation which
can be paid out of thc husband's fu
ture Income. Should he die before al!
payments are made, the Insurance
money will complete his contract am!
retire tho debt. This makes lt possl
i hie for the homo provided to achieve
TO Si
Wai
for his <
and we
d to loan
IP enough
eir 1915
ie cost of productio:
:et With thik idea
ourself of our
i officers of thc
ITIONAL
. H. ANDERSON, Pres
MEMBER
fair price
Wells Fired by Rut
Bv??v\ ? 'V-,.1-' .,. ,'
.that which ia vital to tho houri ol
every citizen, a permanent hoinoateaJ
for hi.-, family.
In the same bene'kial way. the
fariner? and jjtock raisers throughout
our country can, and need lo. employ
lifo insurance to assist them in buy
ing and improving farms. The foun
dation of a nucleus for making a fam
ily independent or a home perniancut,
results In conteutmci.t fostered hy an
absence of fear, and intn pidity born
of a sense of protection, which trains
fpr hotter, more usii'u! ami beneficial
citizenship for tho community, the
tinte and tho world.
Tho desire to make th" world bettor,
wii'.i loss of sorrow and distress and
more happiness, for his having lived,
is the groat human forte that ?3 en
couraging mau to protest his Inco?is
with life Insurance.
Quality is the warn in the cloth of
lifo. 1; is the culture, refinement and
worth in character. Its attainment
forms one of tho definite clements in
our contribution lo humanity. In the
evolution of our race, it determines
whether or not wo have been failures,
lenving behind ua trails of disappoint
ment, sorrow, nothingness.
Through tho operation of lifo in
surance, the" complex prob'emu of
child welfare, child labor and juvenile
health, mental, mor;:l ami physical,
are being materially untangled. Voting
life 1B shielded and bereaved mothers
are enabled to maintain the family
units, thus perm\tin<; the young lives
to develop normality.
A r?cent census cf the pnupem in
ono Philadelphia almshouse showed
r or no ^
cotton. We have b
are glad to annoui
L the FA]
L money to
cotton ere
n, we do not think tl
in view we have pre
services we wc
? bank whenev
BANK (
?dent J. 1
FEDERAL ?IESEE
mans on Retreat
hat out of 1,110 rases there were on
y three w iio had boen beneficiarle.?
>f life Insurance, and these, through
inprovidence, had lost all. In auolb
?r like institution. of l'.IO eases ob
icrved, lhere wert! none, if, through
life Insurance, tliese publie lnstftu
ions ari tinnily eliminated, not only
will there have been saved to the
?talo large funds tor progressive do
rel?pmcnf, but the .standards and al.us
jf citizenship will be rulsed to sturdy
Independent advancement. I'ndei
these conditions the aggressive thru
:y, productive man will no longer'
isvo hJ?j earnings taxed to maintain
public almshouses and to protect obit
Serious contracted by others.
Inusmuch as the Intellectual lifo nt
\ nation ls tho acumen which \ivlflcs
Its Individual and International un ler
lakings, which inspires Us several ac
complishments, und secures Hs pro
lier place in history, it 's paramount
that her children, her lu? nc ci Lite ns,
receive every advantage Willoh educa
tion can give them. It is only Just
that they shout 1 enjoy ti;;; bciuttlos,
science und life, it ls their right to
know and becauso they know to do,
and because they do, to bc something
in the wopld. It is the euligal cued
mind which sccs clearly, judges truly,
and executes surely, that is the hope
of the nation.
Here, again is tho institution of life
insurance a boon to humanity. It
aids In providing education through
funds left by deceased parents, being
used in tho schooling * ot bereaved
children. By tho use of Ms life in
surance policy a? collateral security.
CE YO
een working on tl
ace that
EIMERS
? prevent ;
>p at 6 pei
he farmer should b
jpared ourselves to
mid be glad to
er it is conven
)F ANDI
I SHUMATE, Cashier
:VE BANK
From Galicia
WlWHHH.il I Ilium1 IIB 'WHMfWELI
: --rr-rr-;
many a youth, strong physically, lian
Loon obie lo borrow nouoy for a high
er education. Hy pledging endow
ments to educational institutions and
thou Insuring their lives in order to
make the gifts secure, many public
benefactors have been enabled to per
petuate ilia usefulness of colleges and
universities.
Ppr 21 rears, parents mid state
spend much monoy in providing for
and educating \ man. l!ut what if lie
should die? Tue value of tills life
would be destroyed. The partnership
finn of family and state would loso
itu investment. Though at tho cost of
much personal sacrifice and money,
they developed this gr'.'ut value, yet
it is now controlled hy tho young mau,
and they cannot, without his consent
prevent the hazard of its loss. Hut
ho, by insuring ilia life equal to his
lifo value, cnn pr?vido against this
loss, lt is clearly his duty to protect
his benefactors slnco he OWCB them a
debt or both money .aud gratitude.
While capital und credit aro noces
t.ary lo tho success of guy iUislne>ss,
by far tho most important factors are
good managers and loyal, skilled
workmen. Tho pcr.*o<iul o?cment in
every successful h'rm an endeavor, ii
of gront value. Manage ra,1 bearii* of
depnrtment* and superintendents of
labor become BO deeply engrossed in
tho very lifo of a business that they
acid t!:e blisintiss boepmo practically
one. T ie vnluo or mich service adds
wealth <o the enterprise. Theso nlon
generally become financially Intcrest
,vl in tim organization. Often their
'amlliofi depend upon t'nlB interest for
ES
UR CO
?Ul?uWlllIMtmiH'MII ? 1
lis proposition for
of ANDI
a. sacrifice
r cent
e forced to put his
help you.
have you conf
ient to you.
?RS0N, ?
iiipport. Whatever a (Tocia tho fin?
viii iiccc?sarily affect them. Tho
ives of such mea cannot bo replaced
n the v.<>i',: without great loa?. The
liusfjiess,, deprived of t|:<r knowl
)dge and counsel, sutters. Tho firm,
>y insuring these valuable HVCB In Its
'avor, con and should avert possible
OHS i brough their death.
About 10 years ago a very aggres
sive, far-seeing man organized a
^rioting und olllce supply company,
ile becumo tile life and motive pow
r In the business. About two years
igo. lie applied for and received poli
llos ot life Insurance aggregating
Mii2.000.00, payable to lils company.
K'.'ccntly a serious illness resulted in
ile death, lt was u great loss to tho
luisincsB. The amount of the policies
was paid into tho treasury of'the coni
.? ?nv. All obligations were liquldat
?M? and tho business continued, Today
lt ls prosperous and is u large asset
Lo thc man's estate.
Savings banks, truat and loan com
panies furnish much needed capital
for the activo demands of modern bus
iness and agriculture, but by far the
larger amount ls supplied by life In
surance companies. Therefore, while
the individual and the family, primar
ily, ure thc recipients of Us benefits,
the great agricultural and business
world ls vitally concerned In Ita oper
ation. There aro approximately x?,
000,000 policies providing Insurance
of $.10,000,000.00 in forco hi the Unit
ed States. Claims amounting to over
$.?(;;?,000,000.00 are paid annually. As
sets of $5,690,000.00 aro held by sill
the companies against total outstand
ing Insurance. Tais extracrdlnnry
amount of money invested for Ameri
can policyholders has become a pow
er in tho accumulation of wealth and
In solving the financial and economic
problems of our American people. Tho
lifo companies now hold real estato
und far mmortgage loans amounting,
approximately, to $1,750,000.00. und at
least $2,000.000.000.00 in corporato
stocks and bonds.
As a business, lifo insurance shows
greater progress during the pust quar
ter of a century than any other Amer
ican industry. lt ls reaching tho
hearts and minds of tho people It
is, therefore, of great economic value
to our national life. The very princi
ples upon which lt is constructed and
operates, are of themselves economic.
It strikes the heart of our national
bolng. lt stimulates a sooner appre
ciation and a Ix'Uer understanding of
the universal economic and moral
forces, which are so vital to tho pro
gress and welfare of our people, our
states and our nation.
A Perfect Hight,
A woman mounted tho stops of tho
elevated station carrying an umbrella
like a reversed saber. An attendant
touched her lightly, saying:
"Excuse mo, madam, but you are
likely to put out thc oyo ot tho man
[behind you."
I "Well, ho's my husband!" she snap
'pcd.-Chicago Herald.
TT O N
i
some time,
2RSON
\
cotton on
er with
L C.
i