The National Quarterly Review Volume 24

The National Quarterly Review Volume 24

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This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1872 edition. Excerpt: ...which they enjoy. Thus, we showed that those countries ranked as follows, in regard to the number of policies which they respectively issued or purchased, in proportion to their population: England, Germany, France' Italy, Spain, and Russia. It is no surprise. therefore, to us, who have always regarded Massachusetts as the most enlightened of our States, to find the following passage in the Report before us: "It is a very noticeable fact, that while tlte aggregate life business of the country indicates so large a decrease. the opposite result is si;_-'niticnntl_v'manit'est in Massachusetts. The insurance etfected within this State alone in 1570 by Companies chartered elsewhere (not including atcideut insurance), exceeded one hundred and i'ortyone n1illious, --an actual excess ofmore than twenty-one millions over 1869. and one-third ofall the new business transacted by all the Companies during the year! From their Massachusetts business ot'18't'0 alone, the fifty-nine outside Companies realized the very handsome income of nearly eight millions 0fdollara--an excess of twelve /tUIIt1I'E'tl I/10l1e'tlIl(i dollars our 1570. Add to this almost four millions more of tire and marine premiums collected in the same year by outside competitors, and we have the generous sum of about tuwlre millions ofdollars in premium receipts carried Out Of the Slate in a single 1/ear, --nearly enough to pay three-quarters of the present outstanding war debt of the Commonwealth I So much for intelligence in its bearing on Life Insurance. As we have often said, an enlightened community renders a well-managed, faithful com. pany solid and stable, but creates no sensation in doing so; and it was as an interesting and agreeable...show more

Product details

  • Paperback | 158 pages
  • 189 x 246 x 9mm | 295g
  • Rarebooksclub.com
  • United States
  • English
  • black & white illustrations
  • 1236759583
  • 9781236759580