Cambridge (Mass.) -- Biography; United States -- Biography
In this emergency the officers of the companies went to the editors and
explained to them that their business would be ruined if Mr. Wright was
permitted to continue his attacks on them. They then made Mr. Wright what
may have been intended for a magnanimous offer, though he did not look on
it in that light,--namely, an offer of ten thousand dollars a year, if he
would retire from the actuary business and not molest them any longer.
[Footnote: These events took place thirty years ago and have no relation
to the present condition and practice of American insurance companies.]
Elizur Wright refused this, as he might have declined the offer of a
cigar, and appealed to the Legislature. The companies then withdrew their
business from Mr. Wright and thus reduced his income from twelve thousand
dollars a year to about three thousand; but this troubled him no more
than it would have Diogenes.
In the summer of 1872 a portly gentleman called at Elizur Wright's office
on State Street and introduced himself as the president of a well-known
Western insurance company. As it was a pleasant day Mr. Wright invited
his visitor to Pine Hill, where they could converse to better advantage
than in a Boston office; but being much absorbed in his subject, while
passing through Medford Centre, he neglected to order a dinner; and the
consequence of this was that his portly friend was obliged to make a
lunch on cold meat and potato salad. That same evening Mr. Wright's
daughter twitted him on his lack of forethought, and hoped such a thing
would not happen again, to which he only replied: "The kindest thing you
can do for such a man is to starve him." Such was his philosophy on all
occasions.
He devised a plan for combining life insurance with a savings bank, by
which the laboring man could obtain a certain amount of insurance for his
family (or old age) instead of interest upon his deposits. This was an
admirable idea, and if he had undertaken to carry it out in the prime of
life he might have succeeded in realizing it; but he was now upwards of
seventy, and his friends concluded that the experiment would be a risky
one, as a favorable result would depend entirely on Mr. Wright's
longevity. At the same time he had another enterprise in hand, namely, to
convert the Middlesex Fells, in which Pine Hill is situated, into a
public park. This was greatly needed for the crowded population on the
northern side of Boston, and though the plan was not carried out until
after his death, he was the originator and earliest promoter of it.
Elizur Wright's most conspicuous trait was generosity. He lived for the
world and not for himself. He was a man of broad views and great designs;
a daring, original thinker. He respected Emerson, but preferred the
philosophy of John Stuart Mill, from the study of which he became an
advocate of free trade and woman suffrage.
Public-domain text, read in full here on John Shaqi.
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