The book Business--A Profession was written by author Brandeis, Louis Dembitz, 1856-1941 Here you can read free online of Business--A Profession book, rate and share your impressions in comments. If you don't know what to write, just answer the question: Why is Business--A Profession a good or bad book?
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This practical freedom of our savings banks from these evils affords a strong reason for utilizing them to supply the kindred service of life insurance. The theoretical risk of a mortality loss in a single institution greater than that provided for in the insurance reserve could be absolutely guarded against, however, by providing a gen- eral guaranty fund, to which all savings-insur- ance banks within a State would make small pro rata contributions, — a provision similar to that prevailing in ...other countries, where all banks of issue contribute to a common fund which guarantees all outstanding bank notes. Eighth. In other respects, also, co-operation 178 BUSINESS — A PROFESSION between the several savings insurance banks within a State would doubtless, under appro- priate legislation, be adopted; for instance, by- providing that each institution could act as an agent for the others to receive and forward pre- mium payments. Ninth. The law authorizing the establishment of an insurance department in connection with savings banks should, obviously, be permissive merely.
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