Insurance And Crime a Consideration of the Effects Upon Society of the Abuses O
Insurance And Crime a Consideration of the Effects Upon Society of the Abuses O
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In our eReader you can find the full English version of the book. Read Insurance And Crime a Consideration of the Effects Upon Society of the Abuses O Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book Insurance And Crime a Consideration of the Effects Upon Society of the Abuses O
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The result was that not only was this sys- tem of finance abandoned, but laws were made against tontines carried on by private parties. These laws, like all other re- pressive enactments, were more or less set at defiance and more or less evaded. But, as time went on, this great scheme of Xflnti was resolved into its constituent elements of annuity, life insurance, lottery, and public debt. The name " tontine " now signifies merely a scheme for the division of the profits upon life-insurance po...licies. If space permitted, I could show that, even in modern very modern times, we have had a great deal of hanky-panky with tontine profits by the management of big concerns, books being so manipulated as to make tontine funds pay general expenses, dividends, and so on ; but this evil is a comparatively small one, nobody cares particularly about it, and it is dying out of itself through sheer compulsion of the force that makes for honesty in great financial transactions.
Tonti was not the only schemer who dealt more or less directly in chances on the duration of human life.
What to read after Insurance And Crime a Consideration of the Effects Upon Society of the Abuses O?
You can find similar books in the "Read Also" column, or choose other free books by Alexander Colin Campbell to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
The result was that not only was this sys- tem of finance abandoned, but laws were made against tontines carried on by private parties. These laws, like all other re- pressive enactments, were more or less set at defiance and more or less evaded. But, as time went on, this great scheme of Xflnti was resolved into its constituent elements of annuity, life insurance, lottery, and public debt. The name " tontine " now signifies merely a scheme for the division of the profits upon life-insurance po...licies. If space permitted, I could show that, even in modern very modern times, we have had a great deal of hanky-panky with tontine profits by the management of big concerns, books being so manipulated as to make tontine funds pay general expenses, dividends, and so on ; but this evil is a comparatively small one, nobody cares particularly about it, and it is dying out of itself through sheer compulsion of the force that makes for honesty in great financial transactions.
Tonti was not the only schemer who dealt more or less directly in chances on the duration of human life.
What to read after Insurance And Crime a Consideration of the Effects Upon Society of the Abuses O?
You can find similar books in the "Read Also" column, or choose other free books by Alexander Colin Campbell to read onlineMoreLess
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