The Middlebury register. [volume] (Middlebury, Vt.) 1850-1882, 1850-01-15

Timothy =. Redfeld. Edmund Wcs.on,
Daniel Baldwin, Homer w. Heaton,
Joseph b. Danforth Jr.
In presenting the public with the Pros
pec'us of this Company, the Directors deem
it proper to present somewhat in detail the
principles on which the institution is based
as well as the rules and regulations by which
its business will be conducted. 1t will he
perceived that no company offers greater ad-
vantages to its members.
MHualiy, in is strictest sense, is lead
ing feature in this company. Every assured
person receives his legitimate portion OF the
profits. if he continues member until death;
or, if he desire to leave the company after a
term of years, he will be paid in cash the
equitable value Of his policy.
Institutions similar to this have been in
successful operation in Europe for more than
IA century. Those countries most advanced
in civilization, and noted for prudence and
forethoueht, were the first to avail themselves
of the benefits Of Life Insurance. England,
| dIlu IlOlldnil, nave thCH several
prosperous companies on the mutual and
joint stock principles the former Tor mutual
companics) have demonstrated the impor-
tant fact that we'll conducted Mutual life In
surance Companies afford perfect security to
the assured and safe and profitable invest.
ment to capitalists.
Association and combination for mutual
defence and protection has made rapid pro-
gress within the last half century, and. in
fact, in the extended sense, it i S the princ-
pie upon which all states, and constitutions
are hssod and which when well regulated,
is the best strength and safeguard for their
prosperous continuance.
Savings Banks, the various charitable in.
sttutions of the day, Mutual Fire Insurance
all "show what amazing and extensive adj
vantages can be realized by union and COM
bination, without injury to one, and benefit
10 all"
In no association can greater benefits be
secured to the community than in life insu-
rance contemporary prospectus well re-
marks: Mutual Life Ir suranco is noble
and beautiful science, and is destined 10 work
great change in amelior ating the state oil
society and eleYating its moral character -
present indications show that it will ere long
be universally approved and very generally
practiced. Its action Is not confined 10 any
particular class but may be advantageously
employed by all, and great mass of mistr!
be avoided by the sacrifice Of very small
portion Of annual income, in making provi-
sion for families and friends 1t is only ma
king use of the laudable means which sci
cnce has developed for securing in the event
of death a comfortable and respectable sup
por, for families and friends."
The progress that Life Insurance has made
in England, Scotland and the United States
within the last half century, and its rery rap
III increase within the last few years affords
strong evidence that il has much in it con
genial to the feelings and wants of society
and when its principles come TO be generally
understood, we have little doubt but there
will be one hundred persons in the practice
of it where there is but one now"
at is now well settled principle, that
the system of Life Insurance does not rest
upon uncertain theories OF vague speculations
but that it is reduced 10 an exact science
or approaching sufficiently near to this &c
render sure and safe oil computations and
contracts based upon it relating thereto"
a late number of Chambers Edinburgh
journal, III an able article on Life Insurance
showing the advantages TO the assured in
the Mutual over the Joint Stock Companies
says ain fine, the system Of Mutual assu-
rance. pure and undefled, is that which the
public should, for its own sake and partly
for the sake Of morality, support. 1t is an
institution contemplating unmixed gool tc
mankind and where no grosser interests than
those of few officials can possibly be con
cerned. Conducted on large scale and up
on proper footing, it involves no risk, and
at the same time, from tho division of sur
plus, the charges must be held as reduced
to perfect square with the necessities OF
the case, excepting only the expenses OF
management"
The tables we have adopted in this Com
pany were constructed after ample obser-
vations of the bills of mortality and fix the
average duration Of human life approximate
ing so nearly TO certainty tina, they may be
relied upon in all calculations where the tc
nure of life is concerned" Nothing i
more uncertain than the continuance of in
diriiual life, and yet, nothing mere certain
than its average duration it is this certaint,
which places the calculations connected will
Lite Insurance upon broad and sure basis.
The rates in our table are much lower
than in most of the English and foreign COM
panies, and vet not so low as 10 endanger It:
existence, as is believed to be the case with
many specializing institutions which are
springing up in various sections of the Uni.
= ted States.
f The National Life Insurance Company
with the economy and care with which ts
concerns are managed, is commended 20
The favorable consideration of an enlighl'
ened puhlic-in the two fold form of safe
Life Insurance and Sdrings Institution
The latter, to those who have Life Policies
of many years duration d scarcely less i'm
pouant than The former. The results IN
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