Page Four

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Tells of Two Kinds
of insurance
Companies

GEVES STATESTKCS

Arthur M. Jens, “04", president
of Jens, Murray and Company. con»
cluded his two lecture programs on
insurance last, Friday by describing
in detail the types of insurance com—
panies existing and the kinds of in-
surance sued by them.

Thi‘t’. are two general kinds of
companies; ass ssmcnt associations,
and premium insurance firms. The
most important of these are the
assessment associations, which fur-
nish life insurance as cheaply as
they can aflord to, and issue several
other kinds of insurance also. There
are more than 200 such companies
now while the total
number of companies is 36:3, employ-
ing approximately 200 salesmen each
and doing an annual business of four
billion dollars.

The successful insurance
panics of today owe their prosper-
ity to adherance to the laws of
mortality, upon which their rates
are based. Through tables of statb
stics on mortality, they are able to
gauge accurately the ratio to be
charged on all policies.

Premium insurance companies ask
for a year’s premium in advance be.
fore issuing a policy. The rate of
charge on these policies decreases as
the policy becomes mature. The rate
charged the policy holder depends on
his age, rate of interest, the inort'
ity rate, and the load of \:,ADCHSU§.

insurance companies is. fieneral ex—
pect to realize a 3U»; per cent prolit
on all money paid H1, but even at
the present time, this value reaches
During: the peak year

 

 

 

in existence,

to m '

  

4% per cent,

of 12420, as much as 2904 of the
money paid in was profit.
Compound interest on all tho
money plays an important part in
enhancing: the income of the com»
puny.
The ability to realize such large-

income on inve-‘tnienls has made the
luusimvsa n stuble one.

There are apl'iroxnmilely u milleou
pulley holders in the United State.»
The companies doing: husiheh-é Vt'ltl’l
this multitude can very accurately,
from observation and experience, de-
velop their own mortality tables and
thereby, their own rate.

Recent utatistics have shown that
the chances of living now are much
better than in earlier times.

Mr. .leus pointed out that, of all
individuas taking: out life insurance.

($50 out, of every 1000 die leuvxng
no estate, “:30 leave an estate of

about Sil,000, 5‘0 leave one of $3,000,
and 10 leave very lurpgc estates.
At the age of -1‘.'i, a man
sidered to be in his‘ prime in bio!»
of these, til) per leave
in fair (‘ll'CUtnSlZl’iCL’é-‘.

is con
ness; cent
their
Twenty years; later, (20 per cent oi'
these are dead, 40 per cent are de-
pendent, and only 3 per cent. are in-
dependent.

l'ainilie.«

Lint Eemeater’o
Echolaatic Eating

((‘ouli'nued from page ll
Honorary Fraternity
(Nonfieholasticl
Pi Nu Epsilon .............. 813.3%
Honor Society

 

Sphinx ................... 89.3162
Frofessional Fraternities
Scarab ..................... 86.1 ",r;
Alpha (‘hi Slum-a .......... 90.09;
Social Fraternities
Phi Kappa Sigma ........... 80.6%
Delta Tau Delta ............ 83.1%
Theta Xi .................. 3.2%
Phi Pi Phi ................. 80.9%
Rho Delta Rho ............. 84.7%
Sig-ma Alpha Mu ........... 83.2%
Triangle ................... 82.9%
Beta Psi ................... 86.1%

 

 

Kappa Delta Epsilon

The average of all students be»
it'n'uzingr to the Phi Kappa Sigma,
Delta Tau Delta, Theta Xi, Phi Pi
Phi, Tri'ngle, Beta Psi fraternities
(fraternities that rent or own their
own chapter house} is 811.0%.

The average of all other students
is 85.5%. '

 

 

Reed Lectures fit 1
iii/omen ’3 Meeting,

“Mitli’l'est Pioneer Architecture"
was the subject of the stereopticun
talk given by i’rol'e \l' E. H. Reed,
Jr.. head of Armour. architectural
department and president of the
Chicago chapter of the American In-
stitute of architects. The lecture
was given for the Women's Archi-
tectural club. Thursday evening,
March 1:3, at 8 o'clock and was pre-
ceded by a dinner at 6:30 p. m. at
the College ('lub.

 

 

Discusses Types of Buildings

Professor lteed described each
slide as it was shown and gave a
brief discussion of the kinds of
structures. He also read a paper
in which the various types of build—
ings were described and their dis~
tinguishing charm-tori. es and fca~
tures were brought out. Professor
Reed based his talk on his unusual-
ly complete study of pre.Ci\'il War
architecture in the middle west and
on his singular collection of over
live-hundred photographs of historic
buildings, together with numerous
drawings and other historical data.
His exhibit of over fifty photo-
enlargements of historic sdrul-tureu
was on display alter the lecture.

 

Appointed to CWA Office

Profeasor Reed has been appointed
by the Department of interior at
Worthington to be district officer for
northern Illinois in connection with
the Historical American buildings
survey sponsored by the (TWA. The
object of this survey is to record
carefully for the conga ioual
library all Illinois hintoric buildingsw
About thirty buildings of historici

 

 

    

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ARMOUR TECH NEWS

. Myron Reynolda ’96,

City Engineer, Dies.
On January 27 of this year Ar»
mour Institute of Technology lost
one of her outstanding alumni when
Mr. Myron B. Reynolds, civil engi-
neering graduate of 1906, died. Mri
Reynolds at the time of his death
was City Engineer of the city of
Chicago, a position. which he had
held since October, 1931.

Mr. Reynolds was born December!

12, 1880 at Pana, Illinois. His ele-
mentary education was received in
Pana, and after two years at the
Rose Polytechnic Institute at Term
Haute, Indiana, he transferred to
Armour Institute and graduated in
1906, receiving a B S. degree in
Civil Engineering. He was elected to
Tau Beta Pi the year it was organ—
ized here. In 1908 he received his
C. E. degree from Armour.

In 1907 Mr. Reynolds entered the
employ of the city of Chicago as a
civil engineer and except for the
years 1917 to 1919 when he was an
instructor in the Engineer ()l’ficcrs'
Training Camps, he had been con~
tinuously in the employ of the city
of Chicago.

Mr. Reynolds was a Major in the
Engineer Corps, a member of the
American Society of Mechanical Err
gineers, a member of the American
Water Works Association, and Com—
mander of the Castle Post, 151 of the
American Legion,

 

 

 

interest are to be photographed and
drawn accurately and a careful rec—
ord kept. in this way if through
any cause the buildings should be
destroyed in part or entirely, the
government will be able to restore
the historic structure in its original
true construction.

liEngiimeer Ea New
l

 

Members of the board of trustees
at the University of Illinois have se-
lected Professor Arthur Cutts Wil~
lard, dean of the. college of engi—
neering, as president of that insti—
tution to Succeed acting president
Dean Arthur Daniels. Professor Wili
lard will become the seventh presi-
dent of the university when he as—
sumcs the office in July, and the
second engineer to hold the office.
During the last twenty years the
new president has served on the
faculty of the university as profcs‘
301- of heating and ventilation, pru-
fessor of mechanical engineering:
and finally as dean of the college
of engineering".

Wide Experience

The education and engineering
experience of Professor Willard
have varied considerably. Born ii
Washington, D. (1., in 1878, be re-
ceived his preparatory training in
Central High School of the district,
after which he entered the National
College of Pharmacy in 1898. Com-
pleting a two year course at that
institution, the scholar entered the.
Massachusetts Institute of Tech-
nology where he received the S. B.
degree in Chemical Engineering in
1904.

Was Consulting Engine-er

From £904 through 1909, Arthur
Willard served as teacher of indus-
trial chemistry in the California.
School of Mechanics and Arts and
also as assiatunt professor of me-
chanical engineering at George
‘Wushinuton University. He was
consulting engineer for the. national

 

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Profeaaor Kalamazoo
flonducts Foam Team

Professor 0. L. Robinson, who is
connected with the laboratory and
of the, Fire Protection Engineering:
Department, has been investigating,
the dill‘erent possibilitim of foam tire
extinguishers.

The extinguishing qualities of such
a tire lightingr device depend upon
the thickness, ability to spread and
permanency ol‘ the foam. If the.
foam is too thick, it will pile up
when sprayed on the, surface of a
flaming liquid. and fail to completely
cover it, allowing the fire to still
exist in spots. If the foam is too
thin, it will fail to act as a Smother—
er, due to its lack of surface tension.
Lack of permanency of the foam may
lead to the inflammable liquid’s wig;
niting‘ or in the case of large areas,
failure of the foam to last long
enough to completely cover.

These different, properties 01' the
foam are controlled by varying the
charges in the extinguishers. The
particular property on which Prol'.
Robinson has been working, is the
permanency of the foam.

army incampmcnts in the summer of
1917 and also for the Bureau of

Mines in Washington, D. C. He
served as consultant on ventilation to
the chemical war service in 1926,
and as consultant to the United
States public health service in 1927.
He has alao served as consultant in
ventilation :for the Holland vehicular
tunnel under the Hudson River and,
in the same capacity, on the proposed
‘ Chicago subway in 1930.

 

 

Wednesday, ill/larch 2i, V334

lAallt Students; to
l lbiat flood Entries;

The National Council of Teachers:
of English has released a request for
the cooperation of the student body
on a research project which has been
subsidized by the United States Gov,
eminent through the Civil Works
Admit ration. The oh,iCCtive is to
ascertain what books most appeal
to modern undergraduates. The re»
suits will be used in editing the
“Student’s Guide to Good Reading”
and will be of value in other ways
0 “tudents and teachers of litera-
turc.

 

n

 

Ask Book Lists

All students are asked to make a
list of the books they have read with
pleasure and profit in the past three
or four years; that is, since com—
ing to college. It is requested that
only those books be listed which
are honest recommendations to other
undergraduates as both worthwhile
and enjoyable. All books read as
required assignments in courses are
to be omitted, as are trashy fiction
and text books. Students are
not subjected to any obligation in
listing titles conventionally, but are
urged to tell the truth frankly,
reporting only books which they
have actually read with enjoyment
and profit.

Books should be listed by author
and title, and it will help the CWA
renearch workers who will make the
compilation, if the list is submitted
in typewritten form, with the names
of the authors arranged alphabet-
ically. Jornpleted lists should be
submitted to the librarian, Miss
‘Steele, as soon as possible.

 

 

 

  

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”“3 33.12213, BOOK WILL IBM/We;

Other people notice mama—even
when you don’t-—little nervous
habits that are the danger signal
for jangled nerves.

And remember, right or wrong,
people put their own interpreta-
tions on them.

So it pays to watch your nerves.

Get enough sleep—fresh airurec-
reationm—and make Camels your
cigarette, particularly if you are
a steady smoker.

For remember, Cornell’s coat»
tier tobaccos never jungle your
nerves—no matter how many you
awoke.

EQEFLEER TQBECCQE
Camels are made tram finer, MORE EXPENSHVE
TOBACCOS than any other popular brand of’ cigarettesl

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