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October 20, 1900


JAMA. 1900;XXXV(16):1001-1003. doi:10.1001/jama.1900.24620420015001h

This subject, in order to be thoroughly discussed, must be considered from two standpoints, which are almost diametrically opposed to each other and which can, therefore, hardly be treated fairly by one individual. The two sides of the case relate to the business and the benevolent features. From my standpoint as a holder of several policies in mutual companies, I am necessarily more interested in the business aspect. Although I highly appreciate the benefits that might follow to many widows and orphans from a benevolent, or perhaps I might say a charitable, management of these great trusts, nevertheless, we must all admit the wisdom of the rule, "never mix business and charity." I take it therefore that what is for the best interests of the company itself, and for the best interests of the thousands who are insured in mutual companies, is really what will be the greatest good to

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