CHAP. XV.

EXTENSION OF ASSURANCE.--SOCIETY FOR ASSURANCE AGAINST

PURGATORY.--COMMERCIAL CREDIT COMPANY.--GUARANTEE SOCIETY.--MEDICAL,

INVALID, AND GENERAL.--AGRICULTURAL COMPANY.--RENT

GUARANTEE.--RAILWAY PASSENGERS.--LAW PROPERTY, AND INDISPUTABLE

SOCIETIES.--DISPUTED POLICY.

It has been found that there are unchanging principles which regulate

commercial losses; that the lives which are sacrificed by railway

accident have similar conditions; that the storm which levels the

wheat has its defined courses; that the murrain which devastates the

cattle is as fixed in its movements as the disease which destroys

humanity. To meet these casualties, societies have been started,

founded on laws originating in the doctrine of probabilities, and

regulated by tables to show the chance of their occurrence. Nor is

there any reason against--nay, there is every reason to believe

in--their success, provided only their promoters apply themselves with

diligence to collect sufficient data whereby to rule their operations.

Of one society only may a doubt be evinced and a smile raised at its

presumption, and this is the

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