Annals, Anecdotes and Legends: A Chronicle of Life Assurance — John Shaqi
Annals, Anecdotes and Legends: A Chronicle of Life AssuranceFrancis, John, of the Bank of England
History
Annals, Anecdotes and Legends: A Chronicle of Life Assurance
Francis, John, of the Bank of England
Life insurance
which did not record the ages as well as the deaths of the people.
In addition to the London bills, he gave one for a country parish
in Hampshire; and in the later editions he added one for Tiverton,
and another for Cranbrook. Charles II. recommended the Royal Society
to elect him one of their members, charging the Fellows “that if
they found any more such tradesmen, they should admit them all;” and
immediately after the appearance of the work, Louis XIV. ordered the
most exact register of births and deaths to be kept in France, that
was then known in Europe. A few extracts from this rare and curious
work will at once indicate its character, and show the simplicity
of the existing information; but in their perusal the reader will do
well to consider, that Graunt was the first who wrote on the subject;
that he had but slight foundations for his calculations; and that with
all these difficulties, he was very successful in his conclusions. He
says:--
“There seems to be good reason why the magistrate should himself
take notice of the number of burials and christenings: viz., to see
whether the city increase or decrease in people, whether it increase
proportionably with the rest of the nation, whether it be grown big
enough. But,” he adds, “why the same should be known to the people,
otherwise than to please them as with a curiosity, I see not.
“Nor could I ever yet learn from the many I have asked, and those not
of the least sagacity, to what purpose the distinction between males
and females is inserted, or at all taken notice of; or why that of
marriages was not equally given in. Nor is it obvious to every body why
the account of casualties is made. The reason which seems most obvious
for this latter is, that the state of health in the city may at all
times appear.” In another page he writes that “7 out of every 100 live
in England to the age of 70.” “It follows from hence that, if in any
other country more than 7 of the 100 live beyond 70, such country is to
be esteemed more healthy than this of our city.” It must be remembered,
however, that this was very conjectural. “We shall,” he says, when
leading to this conclusion, “come to the more absolute standard and
correction of both, which is the proportion of the aged; viz. 15,757
to the total 229,250, that is, of about 1 to 15, or 7 per cent.; only
the question is, what number of years the searchers call aged, which I
conceive must be the same that David calls so, viz. 70. For no man can
be said to die properly of age, who is much less.”
Public-domain text, read in full here on John Shaqi.
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