Rensselaer Republican, Volume 14, Number 6, Rensselaer, Jasper County, 27 October 1881 — GRAVEYARD INSURANCE. [ARTICLE]

GRAVEYARD INSURANCE.

The Swindle Rapidly Obtaining Foethoki in Indiana. fndVanapolla News'. A lats Arm fn tire eHf has recently received thatif letters from jlpton, Hamilton. Cabs, Graft t, Tippecanoe,’ Johnson, Morgan, Bartholomew and Vanderburgh counties, inquiring as to the Character of the graveyard insuranca Companies of Pensylvania, whose agents are at tterk in the counties mentioned. From the tenor of the letters it is evident that a large amount of this sort of insurance are run on the “cooperation” and “assessment” panl. It is the duly of the agents to get people to insure persons about to die and to pay the assess* merits upon the class to which the “subject” is assigned. Heretofore, in order that the policy shall be considered good, It has been Decessary to secure a medical certificate as to the good health of the subjects. In order to make the fcCieme work, irresponsible and conscienceless doctors were an essential (actor. Recently, however, a company called tbe “Good Will,” has been organised in Pennsylvania which does not require a medical Certificate at all, discards all subterfuges and Comes down to a plain gambling basis. Tbis company ha? the merit of not cloaking

its scheme, which in it? simplicity, is most beautiful. The person whose subject dies first takes the prize, and tbe whole business Is very much like buying French mutual pools on a horse-race. In fact, nothing could illustrate it better. It seems to have been forgotten that in Indiana the legal bars to .this style of insurance have not been thrown down as th*y have been In Pennsylvania. A decision of the supreme court of ludiana in the case of the Franklin life insurance company' vs. Hazzard, 4lst Ind., lio, tom kMIMpNr t who (has no lnsuwfcle

upessdo to whom the poli# w* oflgj [ I oTdmhld ’can be no-sdffh thißf--® luolliwm taking out policies on the lives of persons slmpiy for speculative purposes. While speculation in human life has Dotgeifien made a criminal offense, -Xhd%9uKwill not hold that a claim KiiAstM graveyard company for the. janadhnßot a policy is good. JJbople therefore, In this State who go into the ahmild know that the Payment gl eir policies can Hot TO eulOTCea wr

law Tbs inaunsgafr-juramiu4uu 4nl), not do busioess in the State. Had the hill passed IheStale would have been gffrrn rr> tH-t eYI? Which has BOW taken root! The only cobesivenees of the scheme lies in th%tacit «greey|t of memberaof the receptive classy to |s£he me° "persuasiveness of £ >D !toply on a convention of rogues.