Fortieth Anniversary of the Spectator. On April 23 the Spectator, the wellknown weekly insurance journal of New York issued its for tieth anniversary number—the eighth of the special editions it issues every five years. It contains much that is useful and entertaining in its own particular line, the contributions being from the pens of men whose names are familiar in the ranks of underwriters, as well as in other circles. Not the least instructive of these contributions is one by former President Cleveland, entitled “Life insurance and its relation to our people.” A portrait of the author enhances the interest attaching to the article. This quinquen nial number does the highest credit to authors, editors and the publishers.