. Electric railway journal . policyholders money invested in street and interurbanrailroad securities is $160,000,000. With respect to the judgment used in making thisinvestment the facts are all favorable. From the begin-ning to the present time street railroads have hadall the fundamentals of a sound investment. Theyfurnish now and always have furnished an indispensableservice to our urban population. The very existence of modern community life dependsupon this form of transportation and, after water andsewerage, it is the most important public means of transportation there c
. Electric railway journal . policyholders money invested in street and interurbanrailroad securities is $160,000,000. With respect to the judgment used in making thisinvestment the facts are all favorable. From the begin-ning to the present time street railroads have hadall the fundamentals of a sound investment. Theyfurnish now and always have furnished an indispensableservice to our urban population. The very existence of modern community life dependsupon this form of transportation and, after water andsewerage, it is the most important public means of transportation there could be nogreat department stores, no great institutions of anycharacter which require a daily concentration of alarge number of employees and customers. In short, if our urban communities have made forthe wealth, comfort and culture of this country, thenan investment in street railway transportation is inone of the cornerstones of the structure, and if theinvestment is in danger, it is not because of poorfinancial Gen. Guy E. Tripp Abstract of an address delivered at the thirteenth annualmeeting of the Association of Life Insurance Presidents. NewYork, Dec. 5, 1919. The Interest of Life Insurance Com-panies Is Shown by the Fact ThatTwenty-Six Have Invested MoreThan $116,592,000 in ElectricRailway Properties When I say that the electric railwaysare indispensable, I have intimated that,such being the case, the investment inthem should be regarded as one entitledto all the protection which the law givesto all property; but the question isnevertheless still open for the discus-sion of its relations to the public in allits phases, which furnishes a field for the exploitation of fanciful social theories and tainted politics, all ofwhich cannot fail to react upon values. But this is not all nor perhaps the most importantfeature of the processes of readjustment which arenow going on in the affairs of these transportationutilities. The capacity of the people of the UnitedSta
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