Farm Insurance In Germany

Farm Insurance in Germany.

"Nothing is more remarkable," said Mr. Conried Moliter, "to a German who is now an American citizen than to notice the change in political affairs which he finds on revisiting his native land after even the lapse of a decade."

Mr. Moliter is a merchant of Salt Lake City, U.T., and a mining engineer by profession. He had just returned from a visit to his native land, and is loud in his praise of the young emperor.

"The emperor," he continued, "Has started in to reverse the old Bismarck regime. His latest step has been the introduction of a state system of insurance for the live stock of farmers. In every commune or township where one-half of all the farmers desire insurance it becomes obligatory on all the rest to avail themselves of the law. The sum paid for loss is to be seven-tenths of their value for dead animals, and eight-tenths of the value for such as are killed because they have contracted disease or endanger the safety of the rest. The premiums are fixed at 1 per cent of the value of the animals insured. The state makes a free gift of $10,000 per annum to the insurance fund, but should the losses exceed this sum, together with the amount of the premiums, then the premiums are to be raised three-quarters of 1 per cent, and if this does not suffice the state agrees to make good the deficiency. The whole scheme will be directed from Berlin, where there will be a central insurance bureau, governed by directors appointed by the government. This bureau will control the local officers, receive the premiums and pay the losses.--New York Star.