where the new business came from, and how it was possible to make rebates when the law says they shall not be made. An agent induces a friend to have a policy written, for which the agent practically pays the premium out of his commission, and thereupon has advanced to him large sums against the future premiums which are to be paid by the policy-holder, who has no intention of paying them, and allows his policy to lapse. Heavens! What a vista of plundering opportunities the bare thought opens up! Somebody has to pay.
THE MILLION-DOLLAR POLICY
In the May number I inserted the following letter:
Fort Worth, Texas, February 16, 1905.
Thomas W. Lawson, Esq.,
Boston, Mass.
Dear Sir: I have read and will continue to read your articles on "Frenzied Finance," published in Everybody's Magazine, with a great deal of interest. I have noted especially