The Market World and Chronicle Volume 9 (Paperback)

This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1915 Excerpt: ...beginning to be courageously and confidently developed. This is a fitting time, then, for some withdrawal from the impracticable and tyrannous extreme of the Robertson Law about life insurance companies. It cannot be expected that the withdrawal should be complete and whole-hearted at the start. It is enough, however, that a reasonable Executive, Governor James E. Ferguson, and a Legislature whose majority is likewise reasonable, should be on the point of adopting amendments to the Robertson Law which will re-open Texas to all the life insurance companies of the country. The so-called Gibson Bill, introduced in the Texas Legislature a month ago, has now progressed far enough to warrant Governor Ferguson in announcing that the impossible provisions of the Robertson Law in respect of the compulsory investment of reserves in "Texas securities" will almost certainly be modified in such wise that the companies can see their way to return. That the companies desire to do so is evidenced by the further announcement of Governor Ferguson that the companies have expressed their intention of investing some $35,000,000 of their funds (not necessarily reserves against Texas policies) in securities and loans within the State. Thus it seems probable fhat a triumph of rtgnt reason is about to be secured. A BRIEF HISTORY OF LIFE INSURANCE By Henry Moir Actuary, The Home Life Insurance Company THE time at my disposal this evening will not permit of any complete historical record, indeed volumes could easily be written on the History of Life Insurance. I would propose, therefore, to divide this section of my lecture into five notable epochs, as during each of these some special feature of the business became prominent. 1755 to 1765. The first epoch, marking the dawn...