Herald of the times, and Rhode Islander. [volume] (Newport, R.I.) 1846-1849, 1848-02-17

vide Wnen In neailh, LOT those WHO are ucPcH-
dent on him, is conceded by all Aregard to
the same obligations should lead him, while
living, to provide for their comfort and support
after his death. Amid all the plans formed to
accomplish this bjcct none has proved more
successful than those furnished by well-regu-
lated associations for Life Insurance.
Institutions of this kind have been in sue
ccssful operation in England for more than
century but it is only recently that their ad-
vantages have been sufficiently considered, and
their benefits embraced in our own country.
In the mean time the experience Of institutions
of the kind in the old world has been matur-
ing, until it has become demonstrated, by ac-
tual results, tha, wcll-conductcd Life hsur-
ance Companies not only afford perfect security
10 the insured, but also furnish a safe and prof
liable investment to capitalists. 1t is with the
benefit of this experience that an American
Association commences business.
Within the last few years, public attention
has been called TO the fact, that capitalists have
invested in associations of the kind, which, at
ter paying all losses and expenses, not only
made regular returns Of interest, but large ac-
cumuatons Of profit were returned TO the
stockholders. Hence arose The plan OF Nntudi
Insurance, by which the insured share among
themselves thc'nct profit ofiho business; and
so rapidly has this system grown into public
favor, that at this time the creates, portion OF
all insurranccs effected is with Mutual lnsur-
ancc Companies.
Still another advance WIS called for by an
enlightened public sentiment. 1t was ascer'
taincd that by the life-rates now used, large
surplus must be constantly and rapidly accumu-
lating, by the premiums received that large
portion of these sums were not needed 10 meet
immediate losses that difficulties attended the
secure investment of funds that in order to
accumulate capital the premiums received
should be Immediately invested, so tha, interest
should be realized on all the receipts. All
these circumstances induced the formation Of a
company, in which the Mut"alpr'nc'ph should
be thoroughly carried out, SO far as cons!s'an
with perfect safety to the insured After care
full and accurate investigation, it was ascertain
ed that such a plan could be successfully
adopted. A charter, embracing these princl-
pies, liberal and generous in It's provisions, and
at the same time guarding with Jealous care
the rights of the insured, was obtained from
the Legislature Of New Jersey.
After two years ofexpcrencc, the Directors
of the Mutual Benefit Life Insurance Company
have tho satisfaction of announcing TO the pub
lie, that although they have been compelled
TO meet the competition of rival associations.
they have pursued steadily their course, trust
ing to time, and the merits Of the Institution
TO place il in It's true position before the pup
lie. And after having encountered and sue
ccssfuly overcome, all real opposition, having
paid all its losses and expenses, amounting ii
the aggregate to $70, ,slG,0 they have, from
the nett earned premiums of the company, de-
clarcd dividend of thirty.fre per cent, on th'
first year business and arc able a, this time
as they believe, to offer to the public plan io
Life Insurance, more favorable and safe 10 the
insured than any other Company in exist
cncc.
The Association commenced business on tho
,wcnty-fnh day Of April 4. ID. 1915, Its
charter and plan Of operations we're laid openly
and fairly before the public they were sub
iec,cd, as before stated, TO the mos, rigid scrl
tiny the interests Of rival companies led then
TO disparagc its claims; the most able business
men and mathcmaticans examined and canvass
ed its system and the resul, of all was to es
tablsh the fact, that "truth Is mighty, an'
will prevail The company rose rapidly Int
public favor, and took rank among the oldes
and strongest associations of the kind in tn
country, SO that at the present time 1t Is lssu
ing more policies, and transacting hcayie
business than any other Life Insurance Com
pany. Milton Hall of this town is agent for tn
above Company COMM
CAPITAL. Andrew Stewart, in his lat