An Examination Into the Condition and Prospects of the Insurance Business in San Francisco (Classic Reprint) PDF
By:C. T. Hopkins
Published on 2017-11-10 by Forgotten Books
Excerpt from An Examination Into the Condition and Prospects of the Insurance Business in San Francisco Insurance business, honestly organized and properly con ducted, is the key-stone of the arch of commerce. It pro teets capital, it renders the rewards of labor more secure, it deprives disaster and death of the sting of consequent pov erty. Beneficent in its objects, it tends to equalize wealth, to relieve the suffering caused by fire and flood, to build up the credit of the borrower by increasing the security of the lender. By the very nature of this business, it is necessarily slow in its movements, and conservative in its tendencies. In older communities than ours, it is the favorite employment of cautious old age - of heads grown gray during a long ex perience in business 'life - of men not prone to do things rashly, or to be carried away by the passion of competition. It is not the province of underwriting to lead enterprise, but to follow it not to extend its guarantees by guess-work, but by calculation based on experience. It is only by realizing these ideas that Insurance corporations become aged. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
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