The daily Gate City. [volume] (Keokuk, Iowa) 1855-1916, 1860-02-17

The MutuaI RensSit Life Insurance
Company.
The annual statement OF this Company L.
sued on the LIST OF Jannary, 1860, presents
results oil an especially gratifying character
to every one interested in life insurance. II
is a salutary custom established by our local
laws that ~ each year Ii rounded off, the
managers of our life insurance companies
bring out the accounts OF their stewardship.
Every such statement is pregnant with IN.
formation OF the highest value TO the COM
manitv--far more so than tho annual Ac-
counts Of Banks, Marine or Fire Insurance
Companies or other financial institutions
The statement of the Life Insurance Compa-
nv ID the account OF the guardians OF the
widow and the orphan, the solemn opening
OF public testament where we all heark en-
to learn what legscies have been left by our
brethren who have passed away into the
shadow OF the tomb within the twelve months
gone by-men who lived and moved among
us--our own eotemporaries--here we see
what provision they have made in their affec
tion for those they loved. Such lessons
should be treasured we'll and turned to good
purpose.
In tho instance in hand, we find that this
particular Company has disbursed TO the
widows, children, and nominees OF deceased
members within the past year TWO HUNDRED
AND EIaHry THOUSAND THREE HUNDRED AND
FIFTY -FOUR DOLLARS, all told, and most prob
ably every dollar Of that money was much
needed by the recipients Of the same, and in
many instances has protected desolate women
and children from the bitter pangs of pow
orty.
Ii affords US much pleasure to note the
continued prosperity of the Mutual Benefit
The business for 1859 shows an increase of
"sixty per cent. over that of any one Of the
past ten years.
The premium for 1850 was 100000 in in
crease of tho premium for 1853, and by a
happy exemption the payments on deaths fell
short of the payment in 1858 by $38, $50.
In 1859 the premium received amounted
TO S6so, 800 So; total receipts, including in
terest on investments, 1910 8l7 So; the
'slosses" in the year $20S,35 90, amounts
to % TO- 100 per cent. Of the income.
The net accumulation from life insurance
amounted on Jan. /, 1860, to So, 400,58 SO,
whilst the company has returned IN dividends
81 ,31s,35a 43, and paid claims on death a
sum total of lisa 1853 So. This 10 good
record, and there is every prospect that the
company will continue to Increase in public
favor, and year by year extend the sphere of
It's bene6cent usefulness. The number of
policies now in force amounts to 6,649.--
For tho past year, the company declares a
dividend of As per cent. son tho premiums
paid at the table rates to all policies for life
IN force issued prior to January /, 1852
Also the twelfth dividend, declared in 1858,
is directed to be paid off during this year.
By careful, honorable management, and
fair dealing in oil respects, the Mutual Ben
eft has won first class place among our
life companies.
Whenever policy lapses by non-payment
OF premium, the company pays In cash to
the insured, whenever he demands it, the
full value of the policy at the date of the
forfeiture. This il an honest principle and
one which should be adopted by all life COM
panies. The management Of the Mutual
Benefit is unexceptionable in oil respects
We trust that the company will always main
tain the high position il has so deservedly
obtained, and continue TO advance the cause
Of life insurance aud TO do good to the COM
munlty at large.
That the merits of the Mutual Benefit Life
Insurance Company are appreciated in Kco-
kuk, is shown by the fact that thirfy-ino
persons in this city have their lives insured
IN this company, with an insurance cmouns-
ing to $l5o,000.
VIM. l.. Wood is Agent for this Company.
Office on Third street, near the State Bank,
keoknk, Iowa.
40 S-s a.tAn -ssrs