• In a paper read before the insurance commissioners in June last Mr. D. P. Fackler said:
  • Many have grave fears of bad results if the largest companies are allowed to continue to grow indefinitely, and if any fair, person thinks these fears groundless he must certainly admit that he can conceive that some companies might, by some possibility grow to such vast size that their assets and affairs could not be perfectly managed by their officers, supervised by their director. and examined by state insurance officials.

1893 - The Chronicle, v1