The weekly independent. [volume] (Aberdeen, Miss) 1848-1853, 1848-03-18
MUTUAL LIFE INSURANCE
COMPANY OF N. YORK.

| Ty UeUeHL Oh I1aHklUu has ever WOii idNOi
so rapidly with the public. as that of life
insurance. Wherever its benefccnt aims
have become known, they have been du-
ly appreciated, and the advantages pre-
sented by the system been avaied of, to
the comfort and relief of maLy widow
ed heart, and an orphan frame. The
great ease with which every man can lay
aside triAing sum now and then, and the
certainty that that small investment will,
in the event of his death, produce large
increase to his family or friends, has given
an unprecedented popularity to those in
stitutIons, whose object is so philanthropic
and whose influence is so wide spread.
The Company, whose title heads this
article, is fair example of the successful
operation of the system. when conducted
with integrity, prudence and dsinterested
philanthropy. Under the management of
gentlemen of the highest reputation, both
for integrity and ability, its career has
for the last five years been one Of unin-
terrupted success--and as its prosperity is
commensurate with, and inseparable from
the interest of its policy holders,i it pres.
ents at once source of congratulation to
the thousands who are enjoying its bene-
fits, and an inducemcnt to the public at
large to avail themselves of its provis.
ions. This Company is on the mutual
plan, where all the earnings, over and
above the expenditure land reserved
fund for reinsurance)a re passed to the cred
it of the policies, once in every FIVE years.
This quintennial division took place Feb.
l, 1913, and we hold the annual state
ment of the affairs of the Company as
presented at that date. 1t has been in
operation only since Feb. l, 1s43. during
which time it will be seen that it has is
]
sued nearly forty seven hundred policies.
and accumulated nett fund over and
above all losses, expenses and debts, of
nearly 1851 900. After reserving nearly
100000 for reinsurance, they have
passed to the credit of every existing po-
Icy ffty-two percent on the amount of all
premiums paid in. The presentation of
such statement is at once triumphant
eulogy upon the ability of the direction.
and the best commentary on the value of
the institution,
How greatly is the happiness of the
man Of limited income increased during
his life, by the reflection that when he is
taken away and his head and hand have
lost their power Of providing for Deepen
dant family, that the little sums he is from
time to time investing, will be certain of
producing rich harvest for their future
support! How many Responding homes
are gladdened by the thought How
many an unquiet death bed deprived of
one portion of its horrors, by the knuwl-
edge that penury and want will not visit
the loved objects ofhis regard! To every
professional man, to every one whose in
come proceeds from daily toll, the subject
of life insurance is full OF interest-while
to that portion of the public who merely
seek for an investment for a friend or rel.
alive, the annual statement of this Com
pany, and the fact that after the reserva.
ton Of a surplus fund of 5000, 900, they
still are able to make dividend of SO per
cent in all monies paid on, present claims
in its behalf certainly unsurpassed, if
equalled.
This Company has duly authorized
agent in this town, who holds himself at
all times ready to explain its plan and ad-
vantages, and through whom applications
for insurance can be made.
ANNUAL STATEMENT.
Amount received for premiums
LIST. year 37,293.90.
End do and renewals S1,99O.34.
Ord do do do 145,1S9,97.
4th do do do 179,762,92.
9Th do do do 29S, 1853 72
From other sources 69,S62 IS
Total receipts Sl2,253 so