Illinois News Index

Wilmette Life (Wilmette, Illinois), 25 Jan 1940, Inside back cover

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I4w, T TWO MIGHTY FORCES, representing tWe conflicting theories of human relations, are at grips today in Europe-and in the. United States. >The combatants abroad use bombs and bayonets. In the home sectione they struggle forthe approval of the American people at the poiis, as it should be in a democracy. One group fights for the traditional American way of free enterprise-with its balance sheet of trial and error, mistakes offset by brilliant contributions to progress. The other fights for the belief that the energies of the individual can best be controlled by political agencies, for the greatest good of the greatest number. Both are sincere. But the case for, political control makes I*surance next to banking holda the largest pool of our savings. Bankers as "money changers" were subjected, early to investigations;. 42 Éederal lending agencies resulted. Today aniother Federal investigation is publicizing the problems of insuranoe "which arise from thé nature of man himself" insignificant though they are when compared té the, amazing contribution of insurance to human welfare. If the people accept the fallacy that there is cause for contdemning the institution of insurance, the camel's nose will slip under the tetit. The nose will represent a littie competi- tion--compulsory. burial insurance and Federal Annuities; a degree of Federal control; a small part ini the determination of how insurance investrpents shall be made; a hand in the administration of the business operation. lust steps. But the first steps along this road, as ail history and recent events abroad and at home make clear, are neyer retraced, but cail for further steps. of view you would like to express on dcve ing in the field. of publie policy relative tç write to your Congressman or Senator? why flot

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