Publisher's Synopsis
Excerpt from Philosophy and Methods of Operation of the Analytic System for the Measurement of Relative Fire Hazard (Mercantile Classes): Papers Read Before the Fire Insurance Club of Chicago, 1908-1909
But if we are right in principle, the working out of the right details is merely a matter of time. I hope that all who intend to study the system with us either are here tonight or will read this paper before we take up any of the later papers. Since I consider this first one necessary to a proper understanding of the others, your speaker would be seriously handicapped by a lack of understanding on your part of the principles of the system.
In our study of principles we must necessarily lift ourselves above details; let us drop details completely and place ourselves in a position where we can look over the broad valley of fire in surance and secure a bird's-eye view of the business, not distorted by this or that detail, which viewed close at hand looms large, but which at a distance resumes its proper relation to other details.
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