The Daily Banner, Greencastle, Putnam County, 1 July 1968 — Page 11

Monday, July 1, 1968

The Daily Banner, Greencastle, Indiana

Page 11

State in the insurance business? That’s a bad policy, critics say

Wants help for dairy men

By WILLIAM K. 11AUDA

MADISON. WLs. t U P I > — Wisconsin is the only state in the nation which operates an insurance business, and not surprisingly the private sector isn't happy about what it calls "unfair competition.” Wisconsin has been in the business since 1911 when the state clamped down on insurance irregularities. The state began selling life insurance to fill the vacuum created when some of the private companies were kicked out. The state fund isn't advertised and no agents are sent out to dig up customers. Those who buy the policies usually lound out about it by word of mouth. There were 7.518 policy holders at the end of last year, said Belford Hogoboom. head of the s t a t e division administering the fund. And there was $41.5 million in insurance in force. Hogoboom said premiums cost as much as those of a private company, but the state’s ordinary life policies pay dividends and accumulate cash value much faster. That's because there isn’t much overhead. "We are on sort of an annual basis in that the net gain of the fund is distributed to policyholders the following year.” Hogoboom said. "This year, to the 7.518 policyholders we'll pay dividends of about $500,000. “Ordinarily, a private company's policy doesn’t begin paying dividends until the end of the second year and doesn't have any cash value until then. The life fund begins payment immediately and has immediate cash value.” What irks private agents is the idea that the state is competing with them. ‘‘It’s basically socialism.” complained Paul H. Mast, Madison, executive secretary of the Independent Insurance Agents of Wisconsin. "It’s government in business,” Mast said. "It’s not a good thing from the standpoint alone. It’s being underwritten to a certain extent by the taxpayers of the state.” John A. Raymond. Madison, executive director of the Wisconsin Association of Life Underwriters. charged it is “un-

fair competition.” He said the fund has been “a constant sore spot throughout the state for some time." "The state makes us take au (xam. get a license and pay a license fee and then it goes into business to compete with us.” Raymond said. "I feel the state should not go into any business.”

eight years — from 2.45G policies totaling $6.5 million in 1959 to 7.518 policies totaling $41.5 million in 1967. The fund, which produces about $20,000 a year in taxes on premiums, came after a 1905 federal investigation of insurance companies in the eastern United States and Wisconsin.

Seven types of policies are written by the state and anyone in Wisconsin when the policy is issued is eligible. Many University of Wisconsin students, from both within and without the state, have taken advantage of the fund and many keep the policies after completing their education. The fund is not advertised because the Legislature has not provided any money for advertising or hiring agents. Despite no promotion, the fund has grown rapidly. Greatest growth has been the last

Opposition of insurance agents came to a head in the 1950s. when Raymond's group talked the Legislature into putting a $10,000 limit on the amount of insurance any one person could hold in the fund.

While the limit was aimed at restricting the fund. Hogobocm said it marked "a turning point.”

As of January. 1967, there were 33 National Parks in the United States.

By MARGUERITE DAVIS WASHINGTON (UPI) - Congress has been asked to intervene in the campaign to protect milk from the competition of comparatively new and cheaper products. A bill by Rep. Samuel S. Stratton, D-N.Y., would prohibit “deceptive packaging or display of nondairy products resembling milk.” He said he willtry for hearings by the House Commerce Committee this year. Most observers, however, consider the measure more deceptive packaging or display nondairy products resembling milk." He said he will try for hearings by the House Commerce Committee this year. Most observers, however, consider the measure more of an opening gun in a fight they expect will be waged in Congress next year. Stratton’s bill is aimed at

X X

Foreign news commentary

PARIS (UPI)— Paris is a burden no country should be asked to support either politically or socially. In the United States, New York competes for dominance with Washington and Chicago, Los Angeles and San Francisco. In France there is only Paris. The beautiful city on the Seine sits like a gigantic, swollen head on the slim body of France. Whenever France moves it is the head that moves first and the body trots desperately along in a vain effort to maintain the balance of the whole. Frenchmen outside Paris regard Parisians with a mixture of distaste and amazement at the best of times. This verges on horror and total incomprehension during crises such as the recent student rioting in the Latin Quarter. The student-police battles that turned areas of Paris into a shambles and the extensive strikes that followed them found their echo in other French cities

By PHIL NEWSOM UPI Foreign News Analyst — in Lyon and Strasborg and Marseilles — but it is safe to say that without the lead and example of Paris these would never have happened. Metropolitan giants in France do not

count.

Where Paris leads, France follows. In the fields of fashion, art, political science, social theory, philosophy and scientific thought Paris ranks as a world leader and dwarfs the other cities of France. This has led Parisians to look down on the rest of their countrymen and to regard themselves as a species apart.

This, in addition to the rural French suspicion of whatever is happening in their capital, has compounded the social and political problems that a French government must solve if it is to govern this often ungovernable nation.

Donation UNITED NATIONS 'UPI' — Romanian Foreign Minister Corneliu Manescu. president of the current General Assembly, has donated a large tapestry to decorate the west wall of the U N. Delegate's Lounge. The tapestry depicts the alternatives of mankind’s future —on the right side the possibility of nuclear holocaust, on the left human progress.

Synthetic Food ANN ARBOR, Mich. <UPI) —A new synthetic food, designed as a dietary supplement for underfed people around the world, has been developed by scientists at the University of Michigan. The food, called the Batina seed, is composed ol cereal flour such as oats, barley and corn, toasted legume flours, wheat germ, dehydrated yeast and vitamin and mineral supplements. Scientists estimate that most nations of the world could produce the food using only local food sources at a minimal cost. When raw, the seed can be cooked in water to produce a gel desirable in many rice dishes. It can also be toasted with a variety of plentiful but low vitamin foods to produce a balanced meal.

IF I switch From

oil heat to qas /

save money.

Right?

Wrong.

Consider these costs. You can pay hundreds or dollars to convert. Your pilot light can cost about $10 a year. You can be penalized for late payment of gas bills and pay hidden taxes. You have none of these costs with oil. But more important, what do you gain? Switching fuels won’t make your heat more modern. Switching oil heat service and equipment will. Change to Standard Oil Hot Line Service. Our service and home comfort equipment is as modern, or more so, than gas or electricity. Wouldn’t you rather put that "gas” money into a car or color TV or something you really want? Call Hot Line for the facts.

Don’t buy the "gas line” until you call Hot Line.

You expect more from Standard and you get it. 9

“filled milk,” basically skim milk from which animal fat has been removed and replaced by vetetable fat, and “imitation milk,” which may include no dairy products at all. The bill would forbid manufacturers to package either product “in a form to resemble genuine milk or dairy products,” or to use the word “milk” in their names or on their packages. Neither could be displayed on any dairy products counters of grocery stores. Stratton acknowledged that

his proposal may need perfecting, but he said dairymen and industry officials with whom he has conferred consider it “a step in the right direction.” He argued that even though the protein content of filled and imitation milks may be equal to that of milk, “it’s a question of food value.” Grocery shoppers could be confused or deceived into believing they actually were getting a product identical to milk, he said. “I want to be sure the consumer knows what she’s buy-

ing,” he said. “It’s a matter of choice, of course, but if people don’t have a ready means of discrimination, dairymen can be hurt.” Competing products do not now claim a significant share of the milk market. About 40 states prohibit the sale of filled milk, and imitation milk is illegal in around 15. Additionally, the Public Health Service forbids interstate shipments of filled milk. But dairymen’s champions note that the Washington state

Supreme Court last year held that state’s ban on filled milk was unconstitutional. They consider this a warning that some protection like the Stratton bill may be needed in the luture. Another source of concern is the Food and Dru Administration’s current consideration ol standards of identity for imitation milk. Dairymen want those standards to prohibit any use of the word “milk” on labels, and some believe legislation like Stratton’s may be necessary to accomplish this.

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CLOSED ALL DAY JULY 4th