Coast review . -tion.—Huntsman. —Just two things make the cost of insurance:losses and expenses. There is no avoidingeither. The losses must be paid or there is noinsurance. The expenses must be paid or the machinery will stop I wish to point out the way in which business men can speedilyaud materially assist iu bringing about a realreduction iu the cost of iusuaance. The costof life insurance to those who pay the premiumshas been materially increased during the lastten or fifteen jears through the fall iu the rateof interest Kelatively speaking, the pres-ent dividends probably average from a
Coast review . -tion.—Huntsman. —Just two things make the cost of insurance:losses and expenses. There is no avoidingeither. The losses must be paid or there is noinsurance. The expenses must be paid or the machinery will stop I wish to point out the way in which business men can speedilyaud materially assist iu bringing about a realreduction iu the cost of iusuaance. The costof life insurance to those who pay the premiumshas been materially increased during the lastten or fifteen jears through the fall iu the rateof interest Kelatively speaking, the pres-ent dividends probably average from a quarterto a third less than they would have been ifformer rates of interest had continued. Thecost of a policy to its holder is just that muchmore. There is no way of changing this. Therate of interest is beyond our control. All wecan do is to try and find a way to offset thefall. And the only way open for that is in theexpense account. If we could reduce expenseswe could increase dividends.—Jacob Subscribed Capital, - - - - $4,125,000 00 Capital and Gross Assets, - - 5,366,273 00 PACIFIC DEPARTMENT FOR The States of California, IVevada, Oregon, <olnraflo, the Territories of Washiiisioii, Idaho, Moiitaiia, Wyoniine, I tah, Arizona, New Mexico and the Hawaiian Islands. GEO. D. DORNIN, Manager. WM. SEXTON, Assistant Sansome Street, San Francisco, Cal.
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Keywords: ., bookcentury1800, bookdecade1870, booksubjectminesandmineralresou
