It will not be
assumed that the science of Assessment Insurance is perfected; on the
contrary, our most advanced thinkers upon the subject are those who see
most clearly its defects, and are laboring most assiduously to correct
them. Grave obstacles have been encountered in their endeavors to
perfect the system. Those who have written upon the subject in the
public press have been largely such as have given it but a cursory
study, or such as have been totally unfit to discuss it from an
impartial standpoint by reason of preconceived notions or prejudices in
favor of the level premium system of insurance, if, indeed, they have
not been retained for a consideration by that gigantic moneyed monopoly.
So largely has prejudice controlled in the consideration of the subject,
that those who have sought judicious and stringent legislation to
correct abuses, and to bring the business under equally careful and
official supervision as that given other forms of insurance, with a view
to making it _permanently_ subserve public interests, have been
more than once defeated in their laudable endeavors, because they
insisted that no legislation could meet the necessities of the case that
did not contemplate it as a _permanent_ institution.
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