172
THE NEW COMPETITION
committee being chosen by the Minister of the Interior,
one-third by the employers and one-third by the workers.”
France a«nd Italy have had systems of compulsory state
insurance since 1898. Norway and Holland also require
insurance.
In Denmark, Spain, Sweden, Russia and Belgium em-
ployers may relieve themselves from some or all of the
provisions of the liability acts by insuring their workmen.
The old theory of moral responsibility with its per-
sonal liability doctrine has influenced the passing of much
of this legislation and influenced it detrimentally; the true
theory of economic liability is not explicitly recognized, yet
every law providing for compulsory insurance, or compen-
sation irrespective of question of negligence of employer
must rest on that theory and that theory alone.
Such are some of the wonderfully interesting problems
it is the privilege and duty of associations to consider.1
X
Much of what has been said applies to the establishing
of disability and old age pensions.
Some industries consume life faster than others; the
cost of human beings is as legitimate a charge as that of
coal.
The charge for depreciation is a constant and import-
ant element of cost in every industry. In addition to depre-
ciation every mining company charges off each year a cer-
tain amount based upon the estimated exhaustion of its
mines.
'The subject of compensation for injuries' is now before Congress
in concrete form in the Sutherland bill. At least one open-price asso-
ciation has taken an interest in the framing of that act, for while it
applies only to inter-state carriers, it is recognized that the law will
probably be used as the model for many state laws—laws certain to
be passed within the next few years.
THE NEW COMPETITION
committee being chosen by the Minister of the Interior,
one-third by the employers and one-third by the workers.”
France a«nd Italy have had systems of compulsory state
insurance since 1898. Norway and Holland also require
insurance.
In Denmark, Spain, Sweden, Russia and Belgium em-
ployers may relieve themselves from some or all of the
provisions of the liability acts by insuring their workmen.
The old theory of moral responsibility with its per-
sonal liability doctrine has influenced the passing of much
of this legislation and influenced it detrimentally; the true
theory of economic liability is not explicitly recognized, yet
every law providing for compulsory insurance, or compen-
sation irrespective of question of negligence of employer
must rest on that theory and that theory alone.
Such are some of the wonderfully interesting problems
it is the privilege and duty of associations to consider.1
X
Much of what has been said applies to the establishing
of disability and old age pensions.
Some industries consume life faster than others; the
cost of human beings is as legitimate a charge as that of
coal.
The charge for depreciation is a constant and import-
ant element of cost in every industry. In addition to depre-
ciation every mining company charges off each year a cer-
tain amount based upon the estimated exhaustion of its
mines.
'The subject of compensation for injuries' is now before Congress
in concrete form in the Sutherland bill. At least one open-price asso-
ciation has taken an interest in the framing of that act, for while it
applies only to inter-state carriers, it is recognized that the law will
probably be used as the model for many state laws—laws certain to
be passed within the next few years.