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Updated: June 24, 2025
"The premiums granted to encourage exportation," observes M. Reybaud somewhere, "are equivalent to the taxes paid for the importation of raw material; the advantage remains absolutely null, and serves to encourage nothing but a vast system of smuggling." This result is inevitable.
Taxes are, in part, the insurance premiums one pays for protection against the unpredictable. And you have offended against everything that is the foundation of a stable and orderly and damnably tedious way of life against civilization, in fact." Hoddan frowned. "Yet you've granted me asylum " "Naturally!" said the ambassador. "The Diplomatic Service works for the welfare of humanity.
"Breweries and all those sort of things necessitate money to start with; one has to pay premiums or invest capital in the undertaking, and so forth. And as we have no money available, and can scarcely pay our debts as it is, it's no use thinking about it." "Can't we sell something?" asked Comus.
As soon as it was known which performances had obtained the premiums, it was naturally supposed, by such persons who were deficient in judgment, that those pictures were the best in the room, and consequently deserved the chief attention. This partial, though unmerited, selection gave displeasure to the artists in general.
Mutual companies, as the name implies, are organized and are meant to be managed for the benefit of the policy holders, who are also regarded as stock holders, with the right to vote in the election of officers and other company affairs. Aiming to create a strong reserve fund to secure the policy holders, the mutual life insurance companies usually charge a little more in the way of premiums.
His ears were pricked forward with a brisk, sensitive smartness. In a world where prize pork was the best excellence, he would have carried off all the premiums.
Banks, without question, if rightly managed are, or may be, of great advantage, especially to a trading people, as the English are; and, among many others, this is one particular case in which that benefit appears: that they bring down the interest of money, and take from the goldsmiths, scriveners, and others, who have command of running cash, their most delicious trade of making advantage of the necessities of the merchant in extravagant discounts and premiums for advance of money, when either large customs or foreign remittances call for disbursements beyond his common ability; for by the easiness of terms on which the merchant may have money, he is encouraged to venture further in trade than otherwise he would do.
We don't want you to do anything except in a legal way. You know our other lawyer has made an able argument, showing how the extra tax will come out of the people in increased premiums" and so on. I refused the money and continued trying to push along the bill. In a few days he came back to me, with a grin. "Too bad you didn't take that money," he said. "There's lots of it going round.
Toward the street the house presents a facade of rough stone covered with plaster, cracked by weather and lined by the mason's instrument into a semblance of blocks of cut stone. This frontage is so common in Paris and so ugly that the city ought to offer premiums to house-owners who would build their facades of cut-stone blocks.
The amount of this was determined by the company, which employed statisticians and actuaries to fix it at such a sum that, according to the law of probabilities, long before the house was "due to burn," the company would have received more than the value of it in premiums. In other words, the owner of the house would himself supply the money to pay his bet, and a good deal more.
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