THE CONGRESS OF WOMEN.
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that by a small saving each year for a period of ten years a woman may place herself beyond the accident of dependence. This is a much happier future to contemplate than the uncertainty of some one’s possible care, whether given grudgingly or not. Insurance for women today provides an estate left, in case of death, a savings bank for her money, and a guaranteed annuity for old age; yet there are women who are sentimental enough to not only deny themselves such a provision, but who will induce husbands to cancel any they may have, and too often live to repent their folly. Let me tell you another story—my stories are all true ones, by the way: A woman of more than ordinary business ability in a western town was approached by a real estate man who knew of her contemplation of investing a sum of money she had received. He suggested the purchase of a three-thousand-dollar piece of property that was then rented at ten per cent of the value, or three hundred dollars a year; he showed her that by a few repairs needed this property would bring her four hundred and fifty dollars a year, or fifteen per cent of her investment. Fifteen per cent on money invested is always a temptation to man and woman both, and our western woman was not an exception. She purchased the property and the agent then set about the repairs and changes required to secure an advance rent. When the new roof was put on, the sides of the house cried out for paint, and when that was done the fence fell down with shame before the new clothes of the house; and so it went. The house was entirely remodeled; time was lost, as the tenants were compelled to move and new ones must be secured. But they were finally secured, and then came the trials of our woman investor in keeping peace between tenants and agent. She resolved herself into a peace committee and lay awake nights thinking out plans to ameliorate the woes of first one and then the other, all the time paying the agent for services rendered in keeping her tenants either moving in the house or out of it. Well, to be brief, she cast up her accounts one day last month, and, during the time, two years, she had made a net profit of one dollar and fifty cents upon her investment. I could give you her name and address that you might verify my statement, but you do not need my case, there are hundreds of your own knowledge that are parallel. Had this woman invested one-tenth of her three thousand dollars in some large and secure insurance company two years ago, the dividends of that company would have been almost forty per cent of her investment, and she need not have added lines of care to her face in the endeavor to keep her money making one dollar and fifty cents in two years, besides providing an income for her future that would not require the services of an agent. A wife has as much need to provide an estate for her children by the means of an investment in some insurance company as has the husband. She ought to have a sum of money to leave her children that they might have the advantages she would have given them had she lived. The husband is more helpless when left alone with the children to rear than a wife; he cannot adapt his hours of bread-winning and home-making as can a woman when left alone to face the world. Too often children are scattered or given into the care of unwilling relatives to be cared or uncared for, as the case may be; home ties are broken, affections alienated, ignorance encouraged, and crime often follows the loss of a mother’s care or the provision she may have made to complete the plans for her children. Every woman in this great and good republic should insure, for has she not the same right to accumulate a competence as has man, and in this branch her rights are equal, her returns as great, and her provisions for self and others just as beneficent as man’s. Real estate may decline in value and at best brings but small returns, a failure to pay one deferred payment loses all, if an hour of need comes it is a burden; but insurance is co-operation. If you die your children never needed money more than when death and sickness hampers their grief-stricken efforts; they may draw from the accumulated resources of thousands of others a fund carefully secured against loss, says one of the wisest business men of the times. Loan associations have enabled poor women to build a home, they have made her pay for it to be sure, and she has struggled through a term of eight to ten years for this end; had death overtaken her all would have been lost unless she
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