Business: Giant Insurance

A joy to megalomaniacs are the thumping big round numbers of U. S. business. Biggest and roundest of all are life insurance numbers. Insurance men delight in rolling off the $108,800,000,000 of insurance in force, the industry's total resources of $21,000,000,000. That sum is larger than the U. S. national debt. The companies' annual income exceeds the normal Federal budget. Insurance men love to relate that U. S. insurance companies hold for investment more than 20% of all U. S. railroad bonds, 35% of all utility bonds, 35% of all industrial bonds, 22%...

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