"Perfectly," said the other. "I will agree to what you ask."
"Very good. Now then, the condition is, in brief, this: the companies are accumulating an enormous surplus, which, under the law, belongs to the policy-holders; but the administrations of the various companies are withholding these dividends, for the sake of the banking-power which these accumulated funds afford to them and their associates. This is, as I hold, a very manifest injustice, and a most dangerous condition of affairs."
"I should say so!" responded Montague. He was amazed at such a statement, coming from such a source. "How could this continue?" he asked.
"It has continued for a long time," the Judge answered.
"But why is it not known?"
"It is perfectly well known to every one in the insurance business," was the a
