* * * * *
A meteorological station has been built on Mont Blanc, at an elevation
of 13,300 feet, under the direction of M. Vallot. It required six
weeks to deliver the materials. The instruments are self-registering
and are to be visited in summer every fifteen days if possible, the
instruments being left to register between the visits. In the winter
the observatory will be entirely inaccessible. This is the highest
scientific station in Europe, but is 847 feet lower than the Pike's
Peak station in Colorado.
* * * * *
THE EXPENSE MARGIN IN LIFE INSURANCE.
The principle of mutuality requires that the burden of expense in life
insurance should be borne by all the members equally; but, even with
the most careful adjustment, the allowance usually made is
considerably in excess of what is needed in the regular companies
doing business on the "level premium" plan.
It is customary in these companies to add to the net premium a
percentage thereof to cover the expense account. This practice, though
in harmony with the "commission system," is so clearly defective and
so far removed from the spirit of life insurance mathematics, that it
scarcely deserves even this passing notice.
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