APPLETONS' A Selection of BUSINESS BOOKS Fundamentals of Salesmanship, by Norris A. Brisco Retail Selling and Store Management, by Paul H. Nystrom Advertising and Selling, by H. L. Hollingworth The Business of Advertising, by Earnest Elmo Calkins Modern Advertising, by Earnest Elmo Calkins and Ralph Holden Money and Banking, by John Thom Holdsworth The Modern Bank, by Amos K. Fiske The Work of Wall Street, by Sereno S. Pratt Funds and Their Uses, by Frederick A. Cleveland Rural Credits, by Myron T. Herrick Interest Tables and Formulae, by John G. Holden Trust Finance, by Edward S. Mead The Principles of Industrial Management, by J. C. Duncan Textiles, by Paul H. Nystrom Cost-Keeping for Manufacturing Plants, by Sterling H. Bunnel Modern Accounting, by Henry Rand Hatfield Accounting Practice, by Clarence M. Day Elements of Accounting, by Joseph J. Klein A First Year in Bookkeeping and Accounting, by George A. Macfarland and Irving D. Rossheim American Corporations, by John J. Sullivan Corporations and the State, by Theodore E. Burton American Business Law, by John J. Sullivan The Essentials of Business Law, by Francis M. Burdick Property Insurance, by Solomon S. Huebner Life Insurance, by Solomon S. Huebner The Life Insurance Company, by William Alexander Newspaper Reporting and Correspondence, by Grant Milnor Hyde Newspaper Ed.ting, by Grant Milnor Hyde Practical Journalism, by Edwin L. Shuman Principles of Railroad Transportation, by Emory R. Johnson and Thurman W. Van Metre Elements of Transportation, by Emory R. Johnson Ocean and Inland Water Transportation, by Emory R. Johnson Railroad Traffic and Rates, by Emory R. Johnson and Grover G. Huebner Railroad Finance, by Frederick A. Cleveland and Fred. W. Powell Railroad Administration, by Ray Morris Railroad Accounting, by William E. Hooper Agricultural Commerce, by G. G. Huebner Irrigation Management, by Frederick Haynes Newell Irrigation in the United States, by R. P. Teele New Volumes Will be Added to This List at Frequent Intervals D. APPLETON AND COMPANY, PUBLISHERS, NEW YORK 177 B COMPENSATION INSURANCE INDUSTRIAL ACCIDENTS AND THEIR PREVENTION, BY RALPH Haru INSTRUCTOR IN INSURANCE, WHARTON SCHOOL OF FINANCE AND COMMERCE UNIVERSITY OF PENNSYLVANIA PREFACE The inadequacy of the employers' liability principle gave rise to a demand for more liberal legislation and the period beginning with 1911 has been marked by the enactment of workmen's compensation laws granting benefits to workmen for practically all injuries occurring during working hours. Such laws are now in force in thirty-two states and two territories, and an act was passed in 1916 covering all civil employees in the service of the Federal Government. These developments have broadened and intensified the need for insurance to relieve employers of the uncertain and heavy burden of payments to employees and to secure workmen in their rights to receive compensation. To furnish insurance commensurate with these needs both private and governmental agencies have been created and extended. Workmen's compensation and its insurance involve numberless intricate problems, legislative, administrative, and technical. The revolutionary nature of the principle and its rapid adoption have made it difficult to arrive at adequate solutions. Much remains to be done, but the accomplishments of legislators, public and private officials, and insurance scientists have been remarkable, and what might have been a growth of many years has been compressed into six. The work of these six years has been fundamental, precedent has not been allowed to rule, and the future will probably see the development of present principles rather than the discovery of new ones. This volume aims to present the results of the workmen's compensation movement in the United States in terms of legislation and insurance practice, and to ex |