The Daily spy. [volume] (Worcester [Mass.]) 1845-1850, 1846-12-30
CHE Datlp @pp.
STATE MUTUAL LIFE ASSURANCE COMPA-
NY. AT WORCESTER.
WORCEST
WEDNESDAY, DECEMBER 30. 1916.

a.
SAVINGS Ranks Mutual Benefit or Heath Insurance
Societies, and Mutual Life Insurance Companies are all
modern Inventions They show the progress of human
ity. Wherever they flourish, they indicate thrift and
forehought.
Their general design is the same-o provide for the
future comfort of ones SELF of friends by present saw
ing and investment, Savings Banks take the surplus
earnings of the laborer and keep them, with as much
safety as financial skill and strict integrity will secure,
and add them the balance of interest," which remains
after paying the necessary expenses.
Mutual Benefit Health Insurance Societies, by re-
ceivng, from many, a small weekly contribution pro-
vide fund, from which stipulated weekly advance
can be paid when an associate is taken from his usual
labors, by sickness.
Mutual Life Insurance Companies, for a small annual
contribution, by the Insured, will pay, his DEATH
such survivors as may b. agreed upon, the
cured by the policy of Insurance.
The Savings Banks, and Health Insurance Societies,
have special reference the deposor and the as
sured himself.
The Mutual Life insurance Companies benefit survv-
ing friends.
The first Savings Bank record, was established
in Tottenham, England. by Mrs. Priscilla Wakefield
tHSoS
numbers in Europe, and in almost every County
in New England. In Massachusetts the deposits, III the
various Savings Banks in the State, amounted in No
vember, 1S45, 10 S9,8l59S7 Sc, being average of
Sl6868 each among So l78 deposilors and in October
1885, to Sl0680933 10 beng average of l69,7 each
among e. 1893 deposi.ors.
Mutual Benefit Societies still more modern, and
have hardly yet shown their real value.
Insurance agans, Marine risks, for stipulated premi-
um is of great antiquity Insurance, in like manner,
against loss by fire. and against other disasters pro-
perry more modern and Insurance, for any purpose
upon the mutual principle, is modern still.
The application of the mutual principle to insurance
on lives is of very Introduction this country
although in modified fom is believed to hae ex.
listed, in England for half century.
Insurance lives is founded upon calculation of the
chances Of life, given ages. This is asceraned by
comparison of bills Of mortality with the number Of the
population. 1t is only an approximation TO the truth,
because the numbers in either case asoertaned
with precision. STILL il is found, practically sufficient
end societies. which insure lives for profit have been
able pay all losses and make good dividends of pro-
fits to stockholders. The design in applying the mutual
principle, save, the insured, all these profits
and losses, and, if any profits then remain they are to
be divided at specified times, among the assured.
Like every other business, be safe and successful
ii requires to be conducted with Judgment and integrity
1t should be managed By those who can be trusted with
the investment Of funds, and the examination and APP
prevail of applications for insurance.
1t is satisfactory believe that thinking and prudent
people giving attention to this subject for themselves
and others. 1t is also satisfactory believe that there
are number of companies, which may be considered
as established and safely conducted.
The State Mutual Life Assurance Company at Wor.
ceSter is of that character This company is managed
by men, who do not regard matter of speculation
but Of general utility and benefit TO the community
They have calculated their premiums Of insurance. so
to he confident of covering all expenses and losses
and yet the rates considerably lower than in the Of
6ces for profit They have issued policies since June l.
1885, and, since that tme have effected $50 assurances
and have met with fewer losses than calculation was
made for.
To person in low moderate circumstances, but
who comfortable support this company offers a
safe and sure and cheap Of making provision for
his wife and children for friends who may be depen-
dent upon his exertons. It is not 10 be recommended
"ShSS
it is mutual contribution BY many, of funds 10 he paid
out, in certain proportions and certain conditions al
Ter the death Of each contributor ifs success and IFS
utility not doubtful II has already proved to at
least three families, the of comfort after death
has taken from them The which they leaned for
earthly support As time on, and death takes
other members its benefits will continue be experience
ed And the there of various ages who be-
come MEMBERS the will each one be- that
tie premium will not be exhausted by losses. Each
member, therefore, has interest in procuring others
VINO are IN good health 10 become a lso Insured.
is the object Of these paragraphs to ask the readers
attention to the whole subject; and, especially to ask
him whether he viii insure his osn life in the State
Mutual Life Assurance Company a, Worcester.
To show him what confidence he may feel IN the Judi
cious management Of the concerns Of the Compaov. a
lis, OF its present officers is here given
To show him the cost Of insurance table of the ra,es
o premium established by this Company is also anncx
ed.
Hon. JOHN DAVIS, Presiden.
Hon. ISAAC DAVIS,
Hos. STEPHEN SALISBURY, Vice Prssidsnf,
DIRECTORS
Hon. A. d. Foster, Hon. T.. Wnshburn
Edwin Conant hsap Clarendon IIarrn
Iehaood Washnvln, Hon Alex. Dewitt
Frederick w. ! nroaL