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SEVENTY-FIVE YEARS OF SERVICE
RABBI
SAMUEL S. MAYERBERG
The seventy-fifth anniversary cele-
bration of Temple Beth El is a notable
trent in the history of Reform Juda-
isni in America,
Temple Beth El is not the oldest
Ilefortn congregation in the country,
50t is it the largest, but one may say
without exaggeration that none can
rpass it in achievement and ueeful-
e & Rarely can a congregation point
vs such pride to an unbroken record
with
of accomplishment in the spiritual
world.
Standing as it does in the very fore-
front of American congregations, it
is both fit and proper that Temple
Beth El should pause for a moment to
cast a backward glance over the years
tha t have passed, so that, with a clear
understanding of its historical con-
tinuity, finding fulfillment in its pres-
et happy situation, its leaders and
members may envision the tasks and
responsibilities of the future.
While the present personnel of
Beth El should glory in its
Temple
unique building and in its prosperity
from both the material and spiritual
angles, everyone should be conscious
of the fact that the founders of this
religious institution laid the founda-
tion so well that the superstructure
could be builded securely thereon.
Too much credit cannot be given to
those men who 75 years ago brought
Temple Beth El into existence. It
required courage then to be a Reform
Jew. The men who banded together
to form a congregation devoted to the
liberal interpretation of Judaism were
men of deep conviction and it required
stamina and definiteness of purpose
to resist the onslaughts of the reac-
tionaries and standpatters.
Therefore it is a wise thing for this
great household of Israel to pause in
its progress and pay tribute to the
pioneers of intrepid spirit.
Temple Beth El has kept pace with
the phenomenal growth of Detroit and
it has been in the forefront of every
forward movement. The influence of
its pulpit stretches forth into the com-
munity. The congregation is a right.
eons force in the city. May it go from
strength to strength, and may all who
labor in its cause receive the three-
fold benediction.
LOS ANGELES CHEST
GIVES J. C. R. A. SUM
Allots $50,000 to Sanitarium from
Community Fund for Yaer.
LOS ANGELES. — The Los An-
geles Community Chest allocated $50-
000 in its budget for the Jewish Con-
sumptive Relief Association, thereby
automatically obviating the necessity
for a separate local campaign for cur-
rent expenses of the institution main-
tained by the association. The chest
based its appropriation upon the ac-
tual cost of maintaining the Los An-
geles patients, now in the Sanitorium.
Following close upon the decision of
the San Francisco Jewish National
Welfare Fund to include the sanitor-
ium in its budget, this decision defi-
nitely established the position of the
association as a recognized national
agency for communal service.
The development of the Jewish Con-
sumptive Relief Association into an
outstanding feature in national social
service activities has been nothing less
than spectacular. Starting with a
couple of bare little shacks put up by
a small group of enthusiasts 11 years
ago, to shelter some destitute tuber-
culosis victims who had been stranded
in this city, the sanatorium has grown
by leaps and bounds, its progress al-
ways far ahead of the actual resources
of its builders.
It is the hope of the association, of
whick Dr. Nahum Kavinoky is presi-
dent, that the leading Jewish commun-
ities throughout the country will fol-
low the example of Los Angeles in al-
locating a proportionate share towards
the upkeep of the sanatorium, so that
further energies might be concentrat-
ed upon perfecting the plant and ex-
tending the facilities of the institu-
tion.
ROME.—(J. T. A.)—Palestine was
officially represented at the Interna-
tional Anti-Malaria Congress which
opened here. The League of Nstions
Health Organization participated in
the congress. Dr. Krieger of Safed,
Palestine's representative to the con-
gress, read a paper on anti-malarial
measures in Palestine.
ROSENWALD'S SON GIVES
CORNELL TEMPLE $1,000
ITHACA, N. Y.—A gift of $1,000
to the Cornell Jewi0h Temple Fund
by Lessing Julius Rosenwald of Phila-
delphia, l'a., was announced by the
campaign headquarters in this city.
Mr. Rosenwald attended the College
of Arts and Sciences at Cornell Uni-
versity in 1909, 1910 and 1911.
lie is the son of Julius Rosenwald,
Chicago merchant and capitalist, and
is in charge of the Philadelphia offices
of Sears, Roebuck and Company. His
father is president of this concern.
Encouraging reports from all over
the country are being received by the
campaign headquarters here. It is
proposed to raise $300,000 to provide
a temple in Ithaca for the particular
use of the Jewish young men and
women who attend Cornell University.
Numerous Jewish leaders and com-
munities are pledging their enthusias-
tic support,
Daniel Rothschild of this city has al-
ready pledged a quota of $35,000 for
Ithaca.
Idleness has poverty for wages.
A Yuletide Remembrance
• for the Years to Come
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PRESENT-DAY LIFE INSURANCE
HOMER GUCK
Eastern financial leaders with their pets," the great financial leaders in
usual perspicacity have sought out the East have observed performance
and naturally are interested.
the reasons for the sensational ad-
It is a self-evident fact that no
vances which recently have taken one of these stock companies is pay-
place in the stock market values of ing an adequate interest on the mar-
many of the Hartford insurance stock ket value of the stock at the present
companies. The most notable mar- time. In one instance, that of the
ket advance has taken place in life in- Connecticut General Life Insurance
surance stocks.
Company, the stock is selling at $1,-
To be sure the quotations in mo- 875 per share. The remuneration to
tor stocks and in other stocks, listed the shareholder on this basis is less
on the New York exchange, have re- than 1 per cent on par. The advances
fleeted the prosperity and the fluid
,
in several
of the other Eastern stock
condition of money for speculation, companies have been equally the
as well as investment, but nothing cause of interesting study.
has quite come up to the astounding
There are, of course, a number of
performances of several of the life
insurance stock companies whose cer• explanations for this apparent finan-
tificates ordinarily are traded on in mid sensation. One is a realization
Hartford, Conn. The public, general- on the part of many investors of di-
ly, has looked upon these shares as versified securities that the stock in
'teeing a peculiar valuation for the a good life insurance company repre-
men directly concerned in the con- cents opportunity for profit. Many
have of the business. Most of them large investors who desire pseticu-
have operated as more or less close tarty a form of security which looks
corporations and while the advances a long way into the future, and does
have been without "blare of trum• not require an immediate return, ap-
preciate some of the possibilities of
life insurance stock companies. It is
denied, upon the best authority, that
there is any rumor of mutualization
or of consolidation among Eastern
stock life insurance corporations.
Another factor which is contribut-
ing largely to the public interest in
life insurance corporations is the pub-
lic appreciation of the standardiza-
tion of the business. It now general-
ly is recognized on the same footing
as reputable banking business, duo
very largely to the eqorts of life
insurance corporations to continue to
maintain service ideals and to place
the morale of underwriting and
agency work on a plane higher than
that of any other profession.
Evidencing the increase in public
interest in life insurance opportuni-
ties, a measure of development in the
business may be realized when it is
explained that the toatl business in
force on the first of the present year,
in the United States and Canada, was
$63,789,000,000. These figures and
many interesting sidelights were pre-
sented by George Ilarris, secretary
of the Sun Life Insurance Company,
at the annual convention of the In-
ternational Association of Life
Agency Officers in Chicago.
Perhaps the most easily compre-
hended evidence of the growth of the
business may be realized when the
statement is made that today the per
capita insurance in force in this coun-
try and Canada in $546.75, compared
with $99,90 25 years ago, and corn-
pared with $176.27 in 1914. An in-
crease from $100 per person to al-
most $600 per person in 25 yearn, in
the amount of life insurance cover-
age, is evidence Indeed of a change
in public sentiment in regard to this
great service.
The premium income of life insur-
ance corporations last year totalled
$2,252,000,000. This compares with
$296,000,000 premium income 25
years ago.
The assets of life insurance com-
panies increased from $1,680,000,000
26 years ago to $11,395,000,000 this
year.
Another and a very definite evi-
dence of the service which life insur-
ance companies are giving to their
clients is shown in the figures regard.
ing the payments to policyholders
and beneficiaries. During the year
1924, the total amount paid to living
policyholders of life insurance cor-
porations in the United States and
Canada was $801,000,000. The total
amount paid to beneficiaries was
$470,000,000. The total paid to all
was $1,271,000,000. The interesting
fact in this connection is the very
large number of people who are in-
vesting in life insurance contracts
and maturing them with great profit
to themselves. In other words, it is
not necessary to die to get your
money back in life insurance con-
tracts. The corporations themselves
paid, last year, practically twice as
much money to living policyholders as
they paid in death claims to bene-
ficiaries.
Another very interesting ratter in
the public interest in insurance stock
possibilities undoubtedly is the gen-
eral dissemination of the knowledge
that people are living longer now
than they did formerly. This point
was very forcefully brought out re-
cently by Dr. N. Fishbein, editor of
the Journal of the American Medical
What a gift is Frigidaire! What a comfort!
Come in and see for yourself this amazing friend of a
hundred thousand users. Know its mechanical pre-
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Detroit Branch:
Main Floor, General Motors Building
Empire 5837
hei = aire
ELECTRIC
.k. 7600
tn. 4297
sr. 7100
*1601
Lu.1171
25
PAGE SEVEN
Plf,VeritorriEvasn(iiRoNlail
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for
'Tree Book
REFRIGERATION
Send the book which illustrates and tells about
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Name -
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Frigidaire It made and guaralteed 67 Dace:
Light Company, Dayton, Ohio, Subsidiary el
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see
expe riences of American and
A
Ca s n rid el i a a etn i:Pn life insurance companies in
recent years demonstrates conclusive-
ly that the corporations have a right
to expect a material profit from their
mortality set-up. With the excep-
tion of the year of the influenza epi-
demic, the life insurance corpora-
tions, generally. have averaged a
mortality experience of approximate.
ly 60 per cent of that anticipated,
and the anticipations are based on
the well known authority of the
American Men's Table, which is ac-
cepted as the basis for calculations
of the Actuarial Society of America.
There is another very important
factor in attracting the attention of
the great financial geniuses to the
possibilities of life insurance, and
that is the value of life insurance
placed on the books of the company.
Generally speaking, the price of ap-
proximately $16 per $1,000 has been
looked upon as a very conservative
figure at which to estimate that asset
in any life insurance corporation.
But recently one of the larger East-
ern companies, in bidding for the
business of a smaller corporation
which desired to effect a merger, of-
fered as high as $40 per thousand,
when the assets were offered for bid.
This was an astonishing evidence of
the recognition of the cost of placing
new business on the books, and the
value of that business once it Is rec-
ognized as stable.
Life insurance companies have for
many years worked industriously,
through their officers and their rep-
resentatives, to give • practical dem-
onstration of the utilization of the
"Golden Rule" in business practice
and the results are more apparent in
the changed public attitude relative
to these corporations, whether they
are stock companies or mutual com-
panies. The nature of their business
is quasi•public service, and in fol-
lowing the dictates of a high moral
ideal they have builded for the fu-
ture in a practical manner which is
now commencing to pay cash divi-
dends.
Men are always thinking that they
are going to do something grandly
wicked to their enemies; but when it
comes to the point, really bad men
are just as rare as really good men.
—G. B. S.