PAGE FOUR
TIIK OAZKTTK-TIMKS. I1KITXKR, OKKGOX, THURSDAY, JAN. 26, 1922.
fA
31
a
S
MA GETS KAISER'S GRANDSON
L. MONTERESTELLI
Marble and Granite
Works
PENDLETON, OREGON
Fine Monument and Cemetery Work
All parties interested in getting work in my line
should get my prices and estimates before
placing their orders
All Work Guaranteed
The Byers Chop Mill
tParacrly SCHKMPP-S MILL)
STEAM ROLLED BARLEY AND WHEAT
After the 20th of September will handle Gasoline, Coal
Oil and Lubricating Oil
You Will Find Prompt and Satisfactory Service Here
To add to all his troubles the Kaiser's children are fighting among
themselves like a (amity of cats. Above is the wife of Prince Eitel Fred
erick, who has compelled him to give up their ion. Prince Joachim, who
is shown in the picture.
lliiilUIiiM
One Dollar
3
The Auto Repair Shop wishes to announce that
our work on big cars will be ONE DOLLAR per
hour instead of $1.50 per hour, as you formerly
paid for your car repairing.
CONTRACT PRICES ON FtRD WORE
Estimates Cheerfully Given
All Work Guaranteed
Fell Bros.
si
ii
t
t
Community Service
11
IE I E
I
; parallel the marvelous record of Le-
! gal Reserve Life Insurance.
It is the one co-operative corpor
! ate entity, which stands upon so firm
a foundation that it could, and did,
j face every form of disaster without
impairment, reorganization or revo-
lution. No other form of cmmercial
Once Subject of Bitter Attacks 'endeavor has so entrenched itself in
F
11,1
CONTRACT
Has Gained Position of
Trust, Says Head.
Over 9,000,000 Policyholders in
Legal Reserve Companies
Carry $27,000,000,000.
EE Oae Block East of Hotel J
pE EE
1111I111M
r a I I
IfaBankDraftlsLosl
Your Money Is Not
cA bank draft need not be sent
by registered mail so far as safety is
concerned. The person to whom a
draft is made payable must endorse
it before it can be cashed.
If a draft purchased of us should
miscarry or be stolen, notify us and
we will trace it up or issue a duplicate.
We pay 4 per cent on
Savings Accounts.
By Thomas W. Blackburn,
Secretary and Counsel, American
Life Convention. Omaha. Neb.
Editor's Note. The average
man's knowledge of insurance is
hedged with the single fact that for
the payment of a stipulated monthly
or yearly sum his cash benefits at his
aeath. What the basis of insurance
is, what its fundamental principles
are, are matters beyond the average
citizen, even if he is a policyholder.,
Thomas W. Blackburn, secretary and ,
counsel of the American Life Con
vention, gives herewith some facts
that every man, policyholder or not,
should know.
A fiduciary financial institution,
which, for three-quarters of a century
in America, has withstood every as
sault, weathered every panic, outlived
every epidemic and survived wars,
experiments, pestilence, litigation
and legislation, has earned, deserves
and should enjoy and maintain tht
respect and confidence of every right
thinkint? American.
There are individual banks, firms
and families whose record is phenom-
inal in the length of service they have
given the people of America, but
there are no commercial undertak
ings in this young land which can
FARMERS & ST0CKGR0WERS
NATIONAL BANK
Heppner
Oregon
,ii.iiiiiliiiliNUii iiiiHiijiiiiiM iiiiiii.iiii'HNiiiii(i.iii,j ii.iiiiiiii.,iimnii;niii 11 nim;" M' ,1' i
principle, practice and accomplish'
ment. There have been a very few
mismanaged and unsuccessful legal
reserve life insurance companies.
There will be others. But the only
possible excuse for failure, whether
large or small, is weakness of man-
agement or corrupt manipulation.
The probability of both is reduced to
the minimum by supervision and
publicity.
Safe as Government.
Based upon an Immutable law of
life, as it has been mathematically
determined, Life Insurance on the
legal reserve fJlan is safe as an es
tablished government. From the se
rene heights of a monument builded
upon faithful application of the prin
ciples of average and co-operation,
Legal Reserve Life Insurance shines
forth in all its beauty and benefi
cence. Widows and orphans praise it.
Capital and labor alike are its bene
ficiaries. Embarassed business men
and hard-pressed debtors find it the
friend indeed in time of need. Es
tates builded and conserved, pro
claim its value. Children educated
end youths started in professions or
business, mark its onward course.
Wherever it is called upon for ser
vice, whether in financing the farm
er, building and acquiring the home,
protecting a business, tiding over a
debtor, or saving an estate from the
sheriff, providing for old age or cov
ering loss of employment, without
discount, debate or delay, life insur
ance performs its great duties.
The life insurance contract is the
highest form of agreement thus far
devised by man. It is the only gain
ful undertaking which is not based
upon the relation of gain and loss,
every other character of commercial
advantage contemplates loss on one
side if there be gain on the other, in
every step of every transaction. Le
gal Reserve Life Insurance is a re
curring succession of gains.
Actuarially, Legal Reserve Lfe
Insurance is a system of equations.
Theoretically, every persistent pol
icyholder in a Legal Reserve Life In
surance Company lives out his ex
pectancy. The premiums he pays on
his policy, increased by compound
interest, are the mathematical equiv
alent of the sum payable at 'the ma
turity of the contract plus expenses
and, in case of mutual companies,
the refunds, misnamed dividends or
dividend addittions.
Out No Money.
When a policy matures by its
terms, the net premium payments
and accretions are returned to the
contributing policyholder or his bene
ficiary. Mathematically considered,
the company is out no money, the
policyholder has had protection
throughout the term of the contract
equivalent in money to his payments
year by year, and the beneficiary is
enriched by the amount paid by the
company in settlement of the policy
obligation. The community whert
the beneficiary resides has the
amount received by the beneficiary
added to its aggregate wealth. There
is no loss anywhere along the line,
for each party to the contract from
the agent who solicits and the med
ical examiner who examines, to the
community of which the beneficiary
is a part has been compensated.
It will be urged by actuaries that
there is a loss of the producing pow
er of a life, where the policy uin
tures by death, but this is an inac
curacy. When a man dies another
takes his place. In the economy of
human life, death is merely the fruit
ation of life. Death is not a prop
erty loss. In both these instances,
there is only a partial or complete
js Poem hy
jllncle John
-
A JOB AND A JAB.
I long have blowed my nose, an'
sobbed about our jobless brothers.
It's sad, to think how they've been
robbed by me and countless others.
If anything can fetch the tears, an'
cause my heart to throb, it's when the
headline bold appears "Thousands
without a job!"
So long I've tugged, an' sweat, an'
bled and give out in my knees an'
figgered, when I laid in bed, on how
to live at ease. I ain't what's called
a lazy man nor ornery, so to speak
I try to save the most I can from
seven bones a week. And, while a
spell of peaceful rest is what I've had
tode Jcte tfesfc
AMERICA'S WONDER COLLEGE MAN
, o ri ;ft
Augustine Messa, blind student, plays six games of checkers all at once
and wins them alL As a boy, an accident destroyed his sight He went
through the blind institute with honor. Then he became the first blind
Student that Columbia University ever accepted. In 1921 he won the
wrestling championship of that college He has high marks in every
on OL.JU1.J
TP
THE WOUNDS OF SELF
LOVE BLEED WORST
OF ENNY
coi
COPYRIGHT egg PUB AUTOCASTW SE.RV. Cfl
recoupment to the individual policy
holder. The loss of time and the de
struction of physical property are
losses to the community which it is
impossible to restore and for which
compensation to such community, is
impossible.
An Individual Worth.
The distinctive characteristic of
the life insurance contract is its pow
er to extend his estate beyond the
life of the policyholder, and main
tain its integrity, in spite of the cer
tainty of death. It differs from every
other form of indemnity, because it
is assurance against the happening
of a contingency certain to occur. A
fire or accident policy may mature as
a claim or may not. These forms of
indemnity are based upon the proba
bilities of accidentts, and the pre
miums are calculated from the aver
ages of experience. The life contract
is a continuing assurance of indem
nity against an event certain, and un
der the law of averages, inevitable,
at a fixed date, though not determin
able in advance as to individual ma
turity. In 1905, during the New York in
vestigations, and for several years
following, the citadel of Life Insur
ance, then represented by the largest
aggregate of fiduciary capital which
enterprise and genius had ever ac
cumulated, in a single line of under-
in view, I know a man ain't at his
best, without a thing to do.
Last week, I went to Bony Stout,
chronic jobless brother. His chief
tst do, is "do without" from one
weeks end to t'other. I hired him on
a modest job the best I could af
ford. He soaked me ten cold bucks
c day besides his bed and board!
A feller's disillusionment is the hard
est part to tell, but Bony said I'd pay
that much, or the job could go to hell !
&
CAN YOU DO THIS?.
I iWFWFFfarFt ."SSs'
v. 1 '. .
rjbfe 111
r o v-
M..Mr
Here's one of the sights the
Prince of Wales is viewing in
India a fakir who has to do this
daily for two hours. He crosses his
legs in front of him so that he
stands on his knees, a great bal
ancing stunt for two hours I
T H GEE ! HERE "Ii H'LO BOBBV ! NOT NJW 1
1 fj J COMES TJOR1S ! GOTANV CANDV? I AIN'T
1 l BUT rui &RING you A box almost I U cause sis's gonna have o
FULL OF CHOCOLATES TOMORROW - I A BEAU TONISMT, 5XE IS ! n
'1; 7 ' " " n
taking, was attacked by legislation,
by demagogues, by self-seeeking and
self serving interests of great wealth
and by singular and ingenious mal
evolence. The newspapers of this
great country, the muiiirakers in
nearly all the magazines, the states
men big and little in states and na
tion, and the President of the United
States, united in a sentiment of an
tagonism. Many persons were fright
ened away from the beneficient and
misused institution. Attempts were
made in courts, in legislatures, in
Congress, in combinations of wealth,
and by the most mendacious propa
ganda, to undermine and overthrow
this tremendous fortress of protec
tion. Withstood War.
It survived and stood forth after a
ten-year war of utmost violence un
sullied and supremely solvent. No
Bank of England, or Federal Reserve
System, would have maintained its
financialnintegrity against the attacks
made upon the institution of Life In
surance. Not one policy contract
was repudiated, scaled or postponed
by reason of this unparalleled situa
tion. This magnificent demonstration of
the soundness of the principles, the
safety of the trust funds, the perpet
uity of the organized beneficence
which American genius and human
prescience devised and constructed,
is the most phenomenal commercial
fact in all history.
When the United States became
involved in the World War, the in
tegrity of the life insurance contract
was again assailed. Contracts based
upon peace conditions without antici
pation of war losses, were confront
ed with dire possibilities, before the
Armistice brought about a cessation
of the slaughter of policyholders, a
world wide epidemic of influenza was
experienced and the normal mortality
of the companies was doubled and in
many cases redoubled. Again the in
stitution demonstrated its marvelous
perfection as a business enterprise
and not a single contract was repud
iated or a loss scaled.
The United States assumed an ul
timate possible liability of more than
$40,000,000,000 puon the lives of its
soldiers and sailors, charging the le
gal reserve net premium, only, , for
its proposed indemnity. The great
est and richest government of the
world stood back of its contracts and
based its ability to meet unheard of
possible tosses upon legal reserve
life insurance principles and the Am
erican mortality tables with 3'2 per
cent interest. Again the foundation
of the most wonderful business in the
world was shown to be sound. The
povernment has carried its tremen
dous risk without adding a dollar to
the net premium rates fixed by the
experience of the companies, assum
ing voluntarily the expense element,
but standing safely upon the mortal
ity tables and the reserves which life
insurance has made the groundwork
of its great growth and its history and
beneficence.
Must Be Sold.
In passing, it may be further re
marked that the government has dem
onstrated anew a fact long known to
the life insurance companies. The
fLct that life insurance is not bought
but must be sold. The forty billions
written under the pressure of war op
portunities and conditions, has lapsed
to much less than one billion in vol
ume, because in the parlance of the
business, the policies of life insur
ance taken by the soldiers and sailors
were not sold. The personal appeal
secures and saves the policy and pro
tects the beneficiary. Advertising,
oratory and statistics are ineffective
unless they are followed up by the
solicitation of the life insurance
salesman.
The life insurance companies of
America with all their aggressiveness
have succeeded in writing only about
$27,000,000,000 of ordinary legal re-
serve life insurance, which means
about 9 million policyholders. These
figures do not include some $9,000,
000,000 of industrial life insurance
on perhaps 7,000,000 policyholders.
There are not less than 50,000,000 of
insurable people in the United States
and every day a new host reaches
the insurable age. "The field is white
unto the harvest but the laborers are
few," compared to the opportunities
for successful soliciting.
The importance, yea the necessity,
of Legal Reserve Life Insurance, is
now an accepted fact. The unhappy
experience of fraternal societies and
assessment associations, has brought
home to insurers everywhere, the val
ue of the legal reserve system. All
temporary makeshifts have gone, or
will go later, into the discard, and
Life Insurance as exemplified by the
old line legal reserve companies, is
recognized as the safe, scientific and
supremely satisfactory plan of pro
lection and indemnity for men, wo
men and children, partnerships and
corporations.
Some Basic Facts.
Summarizing it may be said:
1. The plan, principles, purposes
and achievements of Legal Reserve
Life Insurance entitle it to public
confidence.
2. The contract is unilateral,
unique and equitable. It is a con
tract by the terms of which all in
terested parties enjoy gains.
3. No other commercial undertak
ing approaches Legal Reserve Life
Insurance contract in character or
performance.
4. Legal Reserve Life Insurance is
the highest achievement of human
commercial endeavor and the only
fiduciary financial undertaking which
has demonstrated the possibility of
creating a cooperative corporation,
whose solvency is not endangered by
panics, pestilence and pernicious
propaganda.
5. Legal Reserve Life Insurance
not only protects families and post
pones bankruptcy, but it extends es
tates beyond the life of the builders
and safeguards'their property against
the catastrophe of death.
6. Legal Reserve Life Insurance
is so simple in principle that it can
not be misunderstood and therefore
both the wise and the simple can ap
preciate its purpose and understand
its requirements.
7. Legal Reserve Life Insurance
takes no toll at the maturity of the
contract, contests no honest claim,
seeks out lost beneficiaries and pays
all obligations within a day after the
facts of same are established.
8. Legal Reserve Life Insurance
is available to every healthy human
being, upon terms within reach of the
humblest,and coming to the door of
desolation, it enters the chamber of
gtief, bearing the oil of consolation,
burning in the lamp of hope.
9. Lgal Reserve Life Insurance
adapts its beneficence to the neces
sities of humanity as does no other
financial institution.
10. Legal Reserve Life Insurance
ii the handmaiden of thrift and the
protector of home and family and
business associates.
11. And the solicTting agent of
Legal Reserve Life Insurance is the
genuine I. W. W. Insistent Welfare
Worker of the World who is derided
by the procrastinating husband and
father, but welcomed by the bereav
ed widow and orphan. He is the most
helpful colporteur of co-operation,
and to him and his kind America is
indebted for the greatest thine in this
world of struggle and selfish strife
the Institution called Legal Reserve
Life Insurance.