New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1853-06-29

cier even IN the age of gold nuagets' Apparently
was such an individual Who having PriVa'ey nhed as
pocket With proxies came down upon 'ne que. Ana
.oz p-a.da,t and Directors and replaced them In no
,; =, ali with his own enterprsing friends aud pa
,,o,. .,ns.r.nces. however. may belle the neF sd
...;l IA the future may show that the Compa-
-, in the greater efficiency and economy OF
-. -. po.,d of Officers Looking az the per 0dicil
.,semepts made BY the Life Insurance Ohcers' there
.,,es,. 70 be- room for such gain generally and no
a,nb, le in this case. though this Company stands
comparstiyely very high in regard 70 tue economy
u-tb which its affairs have been managed.
There are existing in the United States probably not
Lee thar, forty companies under acts OF incorporation
from, the several states processing TO insure lives
Some Of these are proprietary or stock companies ou'
~ f.r the larger part are on the mutual plan. Nj
,no,s than oneurth Of al can be said 10 be fairly es-
,sbH.b.d The rest are financial experiments, more or
Ie. honest and stand more than two chances TO one Of
being added 10 host Of ePhemera predecessors "hica
bv .romispg millions in the future, absorbed some
thousands of present cash aud then gave up the ghost
for want Of more The policies issued By al these ,on-
p,pies cannot fall far short Of one hundred and hiy
million. in amount to be paid as the lives Of th7 hold
ers terminate To meet these losses the companies
depend upon their past sccumulaons, future premi-
ums and the interest that will accrue On both. The
accommodations already ia band DO not exceed $4,000
600. and are probably much less This considering
that the companies mostly young IS not az aarniog
fact Dor any prof that Their engagements vii not be
fulfilled That will depend their future earnings o.
noney and the correct proceeding OF their Managers
Ipasuuch as the premiums usually charged 90 not As
,ume that the Of nreres. or WI be gner 'aal
three or four per cent, vhie it is actually SIX per
cent and will probably continue 3d. FOR safe invest
nepts. for many YEAR. 20 come we DO not sP2rehend
that adv Of the Offices which have assumed any con-
siderable sm,unt Of risk can be hopelessy nsolvent
However mistaken or unfathfal they may haze been'
il il not TOO late TO retrieve their steps and sec tuea
selves 20 far right as never 10 fail in fulfilling their en
cscements But there is such difference Of proceed
no with different composites, thar tie most careless
observer must suspect Of them 20 be on ne F0ia
to ruin This is in fact widely suspected that nun
dred Of men, after paying one. TAO or three premlum'
have forfeited their policies Ind thus s'crhced their
shares in the accumulation. rather tnan 70 venture
mere In regard 10 no pecun.sry business "nat-
ever is the puolic so benigh'ed Every COMPANY
seems 10 make it pont never to volunteer
statement from which the exact CONDITION OF
ia affairs can be learned, and supervisory
legislation has never reached the point OF compelling
such A statement The English companies almost uni
forml, conceal or lump with other disbursements, the
amount of their expenses. In this country while the
eNpenses Of management are sometimes gwen never
except in one instance kuOSedge, has company
made public its present liability It's life-Pocles ac-
cmdipp to some recognized table of the law OF NOR
taliiy
While il il thus impossible for outsider, or even
confdnc member, 10 know whether an American com
pany is accommodating fast the law Of mortality re
res hat il should in order to be ready to meet all its
obligations at maturity, it is possible 10 judge whether
the expenses Of management bear unwhOlesone rea
ton TO its accumulated fund To illustrate this point we
will give synopsis front the last annual reports OF mum
her of the leading companies We VIII give the age OF
each COMPANY the amount insured by IT, the accumla-
ton or assets the income from premiums and interest
md the expense of management for the last year an
the ratio which the last bears TO the preceding.
Ii Obvious enough tina, the RADIO Of expense 20 in
col or bu,iness must be greater in the infancy Of a
Compap, than aitersaTd though il is net so o5yioas
why SO many iufout Companies should be patronized in
suite of these expresses while there not wanting
Companies that have outlyed the most costly aud
doubtful period of their existence Perhaps i IS the
hope Of these infant Companies, when toey have, BY
hlh commissions 10 sharp drum ming agents malt pied
their policies by thousands TO reduce their expenses
considerably belog those Of tie old ioy n'.i.a'
tons Insurers mus judge Tor themselves how likely
this hope is 10 be realized There is ground enough
for 'e charitable construction AID prefer TO make
10 other Tue following l. our synopsis: