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Image from page 856 of “Industrial history of the United States, from the earliest settlements to the present time: being a complete survey of American industries, embracing agriculture and horticulture; including the cultivation of cotton, tobacco, wheat

Image from page 856 of

Identifier: industrialhistor00boll
Title: Industrial history of the United States, from the earliest settlements to the present time: being a complete survey of American industries, embracing agriculture and horticulture; including the cultivation of cotton, tobacco, wheat; the raising of horses, neat-cattle, etc.; all the important manufactures, shipping and fisheries, railroads, mines and mining, and oil; also a history of the coal-miners and the Molly Maguires; banks, insurance, and commerce; trade-unions, strikes, and eight-hour movement; together with a description of Canadian industries
Year: 1878 (1870s)
Authors: Bolles, Albert Sidney, 1846-1939
Subjects: Industries Industries
Publisher: Norwich, Conn. : The Henry Bill pub. Company
Contributing Library: Harold B. Lee Library
Digitizing Sponsor: Brigham Young University

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Text Appearing Before Image:
ts 3 Vermont I North Carolina 1 Georgia I Maine 1 Foreign 3 Total 47 OF THE UNITED STATES. 841 Of this number twenty-eight have since closed or withdrawn, three of thembeing the foreign companies. The year 1850 was very prolific in companies.Fourteen were started, and about as many more sprang up in the Their fatenext five years. The competition engendered by these new com- since l85°-panies threw the whole field of life-insurance into commotion. Companiescame up like mushrooms year after year, and suddenly appeared Mode of do-on the principal streets of cities, with gilded signs, and showy *ng business,buildings paved in colored tiles, and ornamented with frescos and bronze rail-ings and statuary, with porters in uniform to receive the visitor; one New-Yorkcompany hiring a gigantic colored ex-member of the South-Carolina legislature,over six feet high, to act in that capacity. An army of agents was employedby them to flood the country, and besiege the wealthy to take out policies on

Text Appearing After Image:
NEW-YORK LIFE-INSURANCE COMPANY. their lives; and all the agents were supplied with printed books for theirprivate contemplation, entitled A Few Practical Suggestions, or some similarname, containing such instructions as these : There must be hard, persistentwork. Talk life-insurance on its merits. Never let any man who has anincome go without showing him that his life has a money value (a wholechapter being given to the work of showing the agent how to put the case to aman). Talk large amounts ; but there are many wealthy men whose familieswould not suffer in case of their death: these are the men who can best affordto pay a premium ; they can pay for a handsome insurance, and not feel it. Dont make too large promises about dividends. And so on, until the 842 INDUSTRIAL HISTORY Practical Suggestions have covered every inch of the field. The companies,,in fact, had discovered that there was money in life-insurance; and they begana systematic effort to swell the business of taking risk

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Posted by Internet Archive Book Images on 2014-07-27 18:29:37

Tagged: , bookid:industrialhistor00boll , bookyear:1878 , bookdecade:1870 , bookcentury:1800 , bookauthor:Bolles__Albert_Sidney__1846_1939 , booksubject:Industries , bookpublisher:Norwich__Conn____The_Henry_Bill_pub__Company , bookcontributor:Harold_B__Lee_Library , booksponsor:Brigham_Young_University , bookleafnumber:856 , bookcollection:brigham_young_university , bookcollection:americana

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