Baltimore commercial journal, and Lyford's price-current. [volume] (Baltimore, Md) 1840-1849, 1847-12-04

We publish below, at the request of the House o.
Messrs. John Jewett & Sons, copy Of letter adj
dressed by them TO the General Agent of the ma
tional Loan Fund Life Assurance Society Of London,
which shows, in the remarkable referred to, the
very important feature in the rules of that Society,
which enabled him 10 receive the amount Of the po-
Icy assigned TO them by the assured. We in
formed that the institution referred to is the Ony one
doing business in y. ork where the amonnt, under
the circumstances would have been caimabe For
instance, premium or policy granted becomes due
on the first Of November, and if the forthcoming an
nual premium be paid or before LIST December, (the
party being then in very i'll health, or erer dead the
policy is kept in force; If the party die rn the said
30 ddys-if the premium be annual OHe-the So
cicty will, as they did in this case, pay the claim
Other offices here will waive their right TO refuse
the premium if it be not paid lchen due, PROVIDED
the person assured continues in good hedH but if he
be i'll likely to die if he be dead, they would
have right do, assuredly refuse receive anoth-
er instalmcnt OF premium; and policy therefore be-
comes, necessarily, null and void.
We advise our readers 10 perusc with care the
prospectus and terms Of this institutions The high
character Of the gentlemen who compose the "U. 5
Local Board in this city, is the ampest guarantee
the public that claims will be met with great prom-
ttude and fairness; and on all local affairs the power
Of the London Court delegated fully this Board
who meet every Wednesday, at the Office, IA Wall
street, for the transaction OF business.-N. Y Cour.
[coPY.1
New YORK, November lst ls47.
Dear SU:-Wc acknowledge the receipt of five
thousand dollars, the amount Of our policy with the
Mutual Loan Fund Life Assurance Society, on the
life Of Jacob ID. Edwards, late Of Elizabethtown,
New Jersey.
The peculiar circumstances of this claim and the
handsome manner in which it was met by yourself
and the Directors, deserve from us something more
than acknowledgment of the money.
Mr. Edwards, on his way TO Boston, met with an
injury the railroad, from the effects of which he
died on the same day. On referring to policy on
his life found the year from its date expired -four
days previously. We applied to pay the premium
under the clause allowing the assured thirty DAYS
after the year expires, to pay it in renewal As it
new case you very properly concluded to con-
suit the Directors, and they with promptness that
greatly added the value Of their decision at once
authorised the receipt of the premium, and in the
afternoon OF the day received notice Of their
determination, and that the amount Of the policy
would be paid when due by its terms. The decision
Of the Directors gives great value to the thirty days
clause in your policies to all making life insurance
with the Society. Oftentimcs circumstances occur
which will prevent the renewal of policy previous
to the expiration Of the year. The present case
shows the great value Of the clause f0rcby as can
be. From accident, had not received notice OF
the policy, and the sudden death of Mr.. Edwards
would have lost the amount insured but for the
thirty day clause. The Iberality of the Director.
in promptly acknowledging claim, we think, is
strong guarantee that every claim the Society
will be promptly, literally and honorably met.
Yours, very respectfully,
JOHN JEWETT & SONS.
Hon. j. LEANDER STARR,
General Agent n. l.. f. l.. A. Society.
See Advertisement in this paper of the Branch in Bal
timore, for which Donald McItraia and Thomas H. M