The Huron Expositor, 1935-05-17, Page 6Irl
1'
`f[
ar
+a,
tll
ill., now before the
ations, sponsored by Ur.
#lte well-known U. F. A.
pr ,ll eleod, limiting the in-
4.;;'w'bich may be charged on
fia to a maximum of 5 per
'annum, would undoubtedly
i}e 'relief to those who have
on their policies, it would
3+Ytauh quest4on adversely affect the
2,44Arests of the general body of
gteldere
perceive why a reduction in the
rest rate on. policy loans from 6
keen•,' to • 5 per cent., which on
suttee looks like a boon to the
tired; is in reality inimical to their
�aLrest, all that is necessary is a
_oirrect understanding of the nature
nf,ipoliey loans and their effect upon
tl►v
stroctUre of life insurance as a
"nv`hole.
Policy loans, along with cash sur-
render values, extended insurance
'and automatic non -forfeiture "priv-
ileges, are emergency provisions, to
beused only on those extraordinary
occasions when some good must be
sacrificed for some other good
which is believed at the time to be
more important. But no life insur-
ance institution could continue to
carry on as at 'present if all policy-
holders took •advantage of these
options, or :even if any large pro-
portion did so. The whole basis of
the investment 'policy of life com-
panies would have to be changed,
and the cost of life insurance would
be immeasurably increased by any
general action of this kind.
Already, under the existing inter-
est rates on policy loans, policy-
holders in Canada have borrowed to
the extent of a quarter of a billion
dollars on their policies, and there
can be no da,bt that if the interest
rate en policy loans is reduced much
below the rate legalized' for bank,
mortgage or private loans, there will
be an enormous increase in policy
borrowing, not only further impair-
ing the protection affording under
these policies, but also threatening
the stability and security of the
whole rsltructure of life insurance as
at present constitut4
d't is by no mens in the interest
of the whole body of policyholders
that the life companies should, be
forced fiurther into the loaning
business for the 'benefit of borrow-
ing policyholders, or that additional
encouragement should be given to
non -.borrowing policyholders, through
the attraction of a low interest rate,
to place 'a mortgage on their life in-
surance.
(Policyholders in their own interest
should be discouraged rather than
encouraged to place loans 'against
their 'policies, as every loan not only
impairs the protection afforded un-
der the, policy but in a large pro-
portion of cases eventually leads 1
lapsation and the loss of the whore
amount of the policy to the borrower
and his family.
It is clear that a policy loan is
entirely different -from any other
kind of loan. While the policy gives
the logder, the conitraetual right to
bo4'row+ on d, zapnd the nsaximn'tn loan
lr e _ #arenteed in the policy,
ua.'Iiithoat naltice, and to rep
the loan tan ;Whole or in part at eriy:'
time vvit to*notice; the antlit'arn e-
cotk pant -t*ntugh pot a (banker or •a
lender MO/WY iz2 the *rdinailr
sense, as, iia ,.alread'y been potnted,.opt
bas no option but to malee any loan
on request up to the limit guaran-
teed iin the {,policy. It is therefore of
prime importance that the interest
charged on:,, policy loans should be
high enousgh to discourage borrow-
ing and encourage repayment of loans
made.
IAS: every policy loan tends 'to., un-
dermine the fundamental purpose of
life insurance, which is to provide
funds against death and old age, . it
is obvious that there is nothing to
gain and everything to lose by mak-
ing ,it still easier for the policyhold-
er to defeat to a large extent the
very object he had in taking out his
insurance.
To meet the increased demand for
policy loans which would follow a
lowering of the interest rate much
below the rate for commercial loans,
huge sums of money in the aggre-
gate—the property of all the policy--
holders—would 'have to be kept on
call at very low interest to serve the
borrowers, the extent of whose re -
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loaSth* tueas
a4 'easy eppflca-
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`WOu
Eastern Steel Products
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PRESTON ONT. FA[/OA/f5 AIWA?' MONTREAL ETORONTO
quirements could not be calculated in
advance. That would render com-
paratiively unproductive a very large
amount of funds which should be
kept in safe long-term investments,
earning a satisfactory yield for the
policyholders. To the extent to
which such loans are facilitated and
Your Life Insurance Man will tell you
ow to Make Sure of
oney for Future
lifelong Protection for Your' Family
YOU WANT your wife and children always to have food, clothing and
a warm borne—never to be dependent upon public relief. To make sure
of such future protection, simply invest part of your savings each year
in Life Insurance. Then, no matter what happens to you, your Life Insur-
ance will support your family and provide them with the necessities of life.
Money in Times of Emergency
NOT ONLY does your Life Insurance safeguard you and your family from
the uncertaintiesof the future, but it also gives you financial security for the
present. Year by year, as you continue to put your savings in Life Insurance,
you build up a cash reserve which is safely invested on your behalf. In this
way, money is made available to you in times of'emergency.
Monthly Income When You Retire
CAN YOU look forward with assurance to a comfortable, leisurely old
age? Yes, if you arrange now for Life Insurance to pay you the monthly
income you need after you retire. With Life Insurance, you can be sure
of an income that will continue, month after month, as long as you live
—an income that will enable you to travel, play and enjoy life to the full.
Funds for. Education of Your Children
TO GIVE your children a fair chance in life, you need to guarantee funds
for their education. The simplest and safest way of doing this is through
Life Insurance. Why not talk it oven with your Life 'Insurance man now.
He can suggest a programmeexactly suited to your own needs --one that
will ensure the education of your children, and provide money for other
future needs of yourself and family.
life Underwriters
Association of Seaforth '. ,
LIFE INSURANCE WEEK ----MAY 13th to 18th
E. C. CHAMBERLAIN
Great West Life
Phone 334 ' . Seaforth
WATSON & REID
London We
Phone 214
Seaforth
NEIL MONTG0i0Erir
n11[lellut Lite'
Phone 234 r Ii
Seadortip
JOHN H. SCOTT
Confederation Life
Phone 336 - Seaforth
Life Insurance is
the Owner 'Stone of
1l un'S' ] inannial Strubture
41,
coat o>" lif'ei >k 'TP d`
tbereb ; adv raely 'and
would be, •els h? earth r.Aledsnee# •+ }viR.''
o polaea, .orci•in
premiiulti''''.rates,.4t. is ,:%k'pare at
,Ithe ill Off eets of the ProPo, , 1@p*
lotion would fall on all laoR i lders
even upon those it is: designed 'to
u s the i'nt'erests of three ; and' ,a
half Million .halt the
electoral 'poptilakion of Caoada;.-=l re
involved, Parliament should' 'think
twice before taking any action, how-
ever, well-intentioned, which, .though
undoubtedly affording some inimedi-
ate relief to those with loans on
theirpolicies, would in the end' re -
suit inevitably in an increase in the
cost of 'insurance to all policyholders..
It is 'difftctlt enough as it is for most
people to keep up their premium pay-
ments, and there,is no sound reason
why their costs should be unneces-
sarily increased in order to tempor-
arily benefit those who for one pur-
pose or another borrow on their
policies.
Can a Man Work
Himself To Death?
(By Dr. 'W. Schweisheimer in Das
Alustrietre Blatt, Frankfurt)
(It has been said' of many.. .a man of
great intellect and genius that he
worked himself into the grave. A
medical scrutiny of his life -history
has frequently shown that his death
was causedby something entirely dif-
ferent. For example, in the cases of
Kant, 'Grillparzer, Bocklin, .Stendhal
and a score of others, it has been
proved' that hardening of the arteries
with a consequent diminution of food
supply to the brain cells 'gave rise to
symptoms that were considered as
indicative ' of overwork. Overwork
was blamed in many cases of insan-
ity and other mental disorders. For
instance, there 'was iMaupassant, who
foresaw his "own approaching mad-
ness, and blamed it 'on the tremen-
dous strain he had ;put on his mind.
The great 'Hugo Wolf himself placed
the responsibility of -his chronic
weariness, not upon the illness' of
which it was the aftermath, but up-
on a long 'period of overwork which
had preceded it.
Physicians,, when informed of the
ill consequences of overwork are in-
clined to be sceptical. Seldom in-
deed, does too much work, other
mental or physical, result in perm-
anent injury. Usually some form of
organic disease is at the rood of the
trouble. IG'eniuses are perhaps in-
clined to sacrifice too lavishly their
rightful need of rest and nervous
stamina to the god of intellect. If,
however, overwork were the cause
of the disease, surely a complete
rest would remedy the harm done.
The opposite usually happens, and
the disease proceeds along its regu-
lar course and often ends fatally.
No doubt, hard work lessens the
chances of recovery, but it is not a
basic causer of the disease itself.
Goethe was a delicate youth, but
in spite' of long hours of toil, he
overcame his handicap. Charles Web-
er, ill with, tuberculosis of the lungs
and throat, sacrificed his chances of
recovery for the doubtful advantage
of a remunerative London season,
and died at the age of 40. Biograph-
ers attribute Napoleon's death on the
lonely island of St. 'Helena to the
wearing influence of his boundless
energy, but it is now well known he
died of cancer of the stomach.
So we might go on multiplying ex-
amples. The mind and body are in-
extricably connected', and' to a cer-
tain extent what affects one affects
'the other. But it would 'be hard to
find klefihite proof that overworQ,t
ever actually caused death or even
serious illness, although it may eas-
ily have aggravated other symptoms.
Green Ducks Are
Money Makers
Growing 'green ducks is a sidelin
of the -farm which returns handsona
profits for the money invested. Ex
perimental work at the Central Ex
perimental Farm, Ottawa, shows tha
ducklings of the Pekin breed aver
aged six 'pounds each in ten weeks
and were reared to that stage on
average of ,three and one-half pound
of feed to one pound' of duckling
Green ducklings' find a ready sale a
prices ranging from 20 cents a pound
upward, and net a handsome, profi
for the grower. Ducklings 'of th
Pekin breed made at least one -hal
a pound heavier gains than those
otter breeds.
The Pekin is' the .most desirab]
breed when ducklings are wanted
mature early as green ducks. The
are good' feeders and rapid grower
and respond to special methods o
feeding.
Frequent feeding promotes rapid
growth. "i'oung ducklings should b
fed six times' daily from the start un
til they are about 18 to 20 days 'old
and fives times daily during the re-
mainder of the, growing and fatten-
ing period until they are ready for
market.
The feed used for growing duck-
ings a't the Experimental Farm, Ot-
tawa, is equal parts of bran, shorts
and cornmeal with about 10' per cent.
beefinedl added. A little charcoal
(about one per cent.) is also record
mended. This mash should be moil .
ened with water, but not made sticky
r sloppy. Add only sufi'icient water
to make the meal , • stick • together.
Sprinkle coarse sand over the'mash
before feeding. The sand serves as
grit and aids in the process of diger-
n. Feed only 'hat the ducklings
will eat up clean at each feeding.
The feeding' of green feed after
he fourth or fifth day will help to
educe the cost ,of feed and desist in
keeping the duskli gs� +healthy during
eclorv-
r or, alfalfa 'd rding d. Freshly
lies '•meen,tchop-
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any time
A BIG BOWL of Kellogg's
Corn Flakes in milk or
cream is appetizing and de-
licious at any time of the
day. And they're extra good
with fruits or berries added.
Ideal for breakfast., Re-
freshing for luncheon. Chit-
dren love them for supper.
They encourage sound
sleep,, because they digest so
easily.
The crispness of KeI-
logg's Corn Flakes is pro-
tected by a heat -sealed
WAX 1'ITE inner bag. Grocers
everywhere sell Kellogg's.
Quality guaranteed. Made
by Kellogg in London, Ont.,
fegalrn
CORN FLAKES
OVEN -FRESH :.FLAVORFRERFECT
ped up fine makes excellent green
feed. 1VTiix only a' small amount of
this finely chopped green feed with
the mash at first, and gradually in-
crease the amount until about one
'week later the green feed will make
up twenty per cent. ,of the niaeli.
When the ducklings are about six
weeks old the green feed should be .
gradually eliminated and at the caoin-
mencement of the seventh week the
mash should be changed to one pos-
sessing more fattening properties.
The fattening mash used at Ottawa
is 50 pounds cornmeal, 35 pounds
shorts, and 15 pounds beeimeal, with
a sprinkling of coarse sand'.
By the time the ducklings are ten
weeks' old ;they should be in excellent
flesh, and 'have developed their first
coat of body feathers. "This is the
right time to market them. If they
are kept longer they will change
their feathers, and the rate of growth
will decrease, thus• increasing cost
and reducing profit.
Winter Killing of Crops
One unfavorable factor of_ the past
season, declares the Picton Gazette.
was the winter killing of wheat and
clover. Beth suffered badly. Much
of the wheat had to be reseeded and
many fields of clover will have to be
plowed up and sown to•spring grain
or planted. What makes this the
more serious is the fact that the
meadows were badly winter killed a
year ago last 'winter. This resulted
in a severe hay shortage last year.
With a few old meadows and severe
winter killing of new seeding the hal!
crop will again be light.
Winter 'killing of meadows is a
severe loss to the farmer. Crass and
clover seed is expensive. It costs a
lot of money to, seed a meadow. Win-
ter killing , destroys this investnveuit,
and adds to the acreage to be sown
or planted in the spring. At the same
time it destroys the plan of crop ro-
tation adopted by the best farmers
and the soil loses the renewed fer-
tility furnished by the growing of
clover.
A pretty girl who was collecting
centributibnc for a hospital, approach-
ed u Wax sitting at the wheel of an
eivendivle 'Sat, "No," was This surly!
art et: "'I? contribute regularly to
that hospital:'y
•�' 'b;. drijirbtf'' +said 'the prett�I,
'''b wee' ealleeting • money y,
4.1
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