EARTHQUAKE INSURANCE PAYMENTS.

Press, Volume LXVII, Issue 20170, 24 February 1931, Page 13

EARTHQUAKE INSURANCE PAYMENTS.

■K! - " * . *»i*oa tw THB press. State Fir« Office is in some llPijliMgiotUjig in getting a cheap HKyL&at by its pronouncement BBSm-JfOlmtarily meet the claims by earthquake in Your readers may not :tiie fact that the State HmOTg(!' waß instituted in If 15, the HSL, the San Francisco earthapparently sine.j then BE«9ff among its policy conditions clause which was in {HuiwoJn 1905. i - ; " large-British large' HSEun tosntance companies decided. of 60 mi:ii).is sterling' E'ihiMw at Ban Francisco, their Hrewfr prompted oy the fact that (sondition then in their ot clear enough legally to lability as was intended je was originally drafted. apanieß discovered that ally liable, they of course y did not make any song e$ gratia payments. Thf >treated as- one o# legal i •It not a fact that the ! flice intended to exclude i usage and fire damage re-1 earthquake, but finds itself , legally liable as were the awriean..companies at pan [f w, it has decided to out of a necessity and ■nnp-.-p IH elf credit from those unthe true position for apBffimr.iflff in g A generous thing. Those ■Hpjjblfo with any smattering of IHBSS&iaowledge must have been ■HH&pielotiii when the .State Fire IHttKsMitscetl so righteously that the first claims, but claims of those per* had been ' dewithout'- flro written for the benefit BfflMK;Timißformod amonjr yon* might be fooled by the IHHBtotriKt-the State Fire Office HflHSfitte ? that that Government HHHmi doing something wonHHHwmvi,' whjsn, to pot . tl)L«' HHnjfln£*U was only agreeing to its legal lability ijhfttit hqs pot been -.to" Adopt thq, all well- [

I exclude S'stato beeauaq wtttSo heavily, 'it l&s ong apoir C0»or* ■Riga*- cowflifting. nhifiii a priyijfigod Hum whereas it I* merely the «av- .,- fojta* it) swid-'patr Hphr/to impose a graduated tax, ia ■■MMlt* place of folly ever cntorod fhlstoiy In BHlfffading thftt, capital fa Jdajrt&ed-ti). keep: , Living ae the B||pSpimryi |j»t Hgßl|fct M wall onjo? thfl fruits HbES& \*~ of all -in^uftttlfs^^et mkttdoMre the expense ofgoveniing ■ more, thah *o*'

meat Department to pay. At v present the paying concerns in private have to make pp the deficiency' Qf the "Government concerns. It is a ridiculous position, but no Government employee can set!) the wickedness and folly of it. The 'Government servants don't care that thfl> popple's savings are being gradufclly ' dissipated, They think that all the' capitalist has to do is to go into his b&ok-garden and dig up more sovereign^. Capital can 'only exist by the industry, economy, and self-denial of certain individuals." To-day the State is doing what the spendthrift son is doing to the capital hi(£ father left him, but it is doing it more quickly and Jpore thoroughly,—Yotlrs, etc., ■ M.B. . February 23rd, 1981.