Page Four Etna ilElElttitE taunt E out at t. it .Eiili‘i ’Et 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 -'S i“ )é .A ' «V r « 5 “ia‘sag 'r Rig? r V, . Edam” ; ,i‘g " rt? 1,}? "gig. ‘ E’E . wrath Mr. w . . We . a “ 4E: . fix. ' ' , ltfi; . v" E ’l't .éi’itgiu ' E57 ‘ ' i ‘5‘ fight?“ :91?! .3 d“ ‘~n3ir‘llgfii~ilii1li§ 4 fig); .9’ ‘ twig. I fit“? fiat » “9%. . a l l' 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 l U. off. Preai'dleni‘ l 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. gallium a 53. Wateb out Eur the tulltale aigua oi tangled: uervea in W} . null‘rfirrrzz « w . 1», ,l it’ll. Wig, nr/J ., “it-“l ‘l “rt b WEE Elle Shows 20 ways to test “tractive and amus' in 1T fmi ry them on yoflr W . w are YQUR ’ W ”“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 CAMEL CARAVAN with Case; Emma @rcf‘zcst‘ra, Thursday (XE N! P. [WW E.S.T,w§5 l}. 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