made up of; perhaps, one half in cash and the
other in the shares of the new concern. An im-
mediate profit accrues from the payment in cash,
and there is a wide field for further gains if the
operations of the subsidiary companies are suc-
cessful. But in this, as in all speculative enter-
prises, the prizes have been few and the blanks
many.



CHAPTER IX.
LIFE INSURANCE.

LADIES do not take advantage of the system of
life insurance to the extent one would expect,
seeing the benefits it is capable of conferring
upon themselves and their belongings; and as
their indifference is no doubt, in many cases,
owing to a want of knowledge of the subject, a
chapter thereon may be useful.

Life insurance is an admirable system, devised,
in all its ramifications, to provide against loss or
damage through the various contingencies to
which human nature is subject.

A simple life insurance is that by which a
person may leave behind him a sum of money
for the benefit of those who, during his life, have