The Portland daily press., 1864-09-23

N. L. lIo. w ny WAtA AAs PAVASa%s0 sSAuRASs W.
tinus to impress this fact upon tho publics why
assiiuously claiming syerywhers the n. \. Life to
be- second to no company after bsingth convncsds
was he honest then, and now2 Mr.. Meals article
had no hing to do with it this Mr.. .. knows.
What does he mean by later reports Of the Mass.
and N r. InsxraDse Commissionerss
Has'he anything later than Jan ls64l Eslior none
have been issued of later aste BY those commission.
srs.
Has he not studied those reports carefully for the
past 1--WE months prior to sntern. the Employ OF tho
M a Bsnsats During that time not day has
passed in when he did not present this N. T. Life to
to the Business men OF Portland % safe, reliable,
and cheap rs any company in the country.
L. there any thing in the later reports TO which be
refers diering in any degree to the former reports
OF tae same commt sjoners, 10 the prejudice Of the
N. Y. Life o. compared With the Mutual Bennett, or
any other Cot In TACT does not the Mass Ins. Com
mis- ioners' report Of 1854 shsW the growth Of the
N. 7. Lie to been eater, the past year, than
any Co. doing business in that Statst
Does not Mr. Sparrow know that the nett aTsts,
to vaI2e ofths N. T. Life has largely increased the
past year. zDti 1t exceeds that Of the Mutual Bone
ut over three psr cent? He ought to know it, and
does He knows fall well II he is competent for his
business that r from the lat report Of either Of
the above commissioners being In amy way sopstra-
ed to the end he impe it is quite to the contrary
1t is not little singular that after tour years Of
examination and labor for the d. T. Life-in con.
slant competition with the Mutual Benefit. and pab.
lie controversy with Its agent, called each day TO
close Investigation Of the merits Of each Cothat he
should remain firm and decided in his convictions,
in regard to the former Hnti the General Agent Of
the latter approaches with the proposition to trans
Ter twenty years business of Mr. Neal, t. his hands,
if he will advocate the Mutual Beneat.
Thus in one night, all the Investigations Of Year,
nish.-admtting all he has said heretofore for
years untrue. The arguments Of Mr.. Neal which the
day before were psrs sophistrs, became . tower Of
logic not to be o'srtsrned.
Twelve months hence, should eng other Co. Offer
inducements may he not apd later sepsrt which
will require denial of all he to-day states In Fsy
gard to the Mutual Benefit! If four years ofinves-
cation resultsd in 50 completely deceiving him, how
long will it reQairs TO properly enighen himf
The whole matter Ia to Transparent to deceive any
sensible person. Its qasspeR Of dollars and cents.
Iadmit bis right to sil himself Of any ssch adj
vantage, but let him be manly and honorable ss well
. truthful.
His statistics faulty the above reasons he
assigns He states the amount received for interest
By the Mutual Benefit during the year 1853
Amt reed by n 4. Liz, same time, u; sSi,T
By re ering to the istess rep rts Of the Mass ms
Commissioners uSe4) page e. we and the swount
thus recei ed by the Mutusl Bennett S20so77,-s or
sl44, 4os so less than he states while the N r. Life
81 67s 10 than he states, an error Of only
sl52. III 90 in item. shown by the authority
he invokes.
SO in the matter Of expenses taking same author.
ity. N. I. Life for 1863, l7,k7pr. ct.
Mutual Benefit, lsss, sHpr st..
an excess OF 7sspsr cent. against the N T. Life not
per cent as he states showing again his error;
thus might pass through the items
word ofexplanation on this excess of expenses.
Every peFsep at all familiar with Life Insurance,
and Mr. sparrow In particular for this point he has
explained thousand tinlssj knows that the expsnss
OF new business to Co. ia from thres to four times
greater tAaa thstincured on the old or that every
new policy issued cost the Cos from three 10 four
times "a much the frst year. in SUBJ years
As Fessit, Co that s doing large new business,
must increase its sxpsnses; this the NJ r. Life has
done-snd is ussiaed in dsins. every policy hold.
er being benefited BY that new business lsee Ina
Con-. remarks upon that point.l
profits outlay will DO felt the presen and
in future years. 5ome Cos reach as high a. 10 per
cent and good Co.'S sven higher; the only question
10 has It been pdiciously expended Look Of the Of
fetal report:
N .' R Lie Issued in 1883 ss!z ne. policies.
An excess Of 1900 in favor Of the N. T. Life. This
fact is answer 70 the query, whether NO this diff
ference has besn jusiciously expended.
GA the point of diviaends. have but little to say
rsnsrkipg the <. Life declared % per gent. tn,
last year. and could hare largely increased the sams
rad fhavd f& -fsa
ditsn Of .hlngs they thought conservative course
wisest In this shsy And the endorsement OF H. Y.
CoMpissE6nsrs Says Mr.. Barnes, Supt sfIns Den.
Of ia his last report, "The disposition to dc.
clare excessive Dividends. specially with our note
Co.'S. Is undoubtedly growing evil With Life Insp
The Mutual Benefit Is note Co. 10 10 ths MY.
Life, the former being more so taking note TOR So
per cent, the latter accepting but 40 per cent
The d. 7. Lite has done leading basiness for
years, cpd th they have dene without falling inte
the evil to which Mr. Bsrpe, refers, Of excessive div
idends. Its Trustees are boneSs sna eapabls mon.
known to besucn by many business men ofPortlaad;
they have never sought to swell their dividends.
In order to procure business but to give to is
policy holders all that any Co san give them, GEN.
sistent With ample SECURITY and equity; on this hs-
els they have done this leading haFines, Says Mr..
sparrow In his advertisement of Dec last, shs new
basness Of the n. Z. Life In the year 1867 nearly
equaied the combined business of any two Compan.
les in the United States" We are content thus TO
remain.
Mr. sparsoy states 1t will cost s22l2 less ON 800
premium In the Manual Bsneat than In the II. Y.
Life Not knowing the plan Epon which he bases
his.dgurss, cannot examine its details to show it,
illusion as snch It 10.
Does he csi@ the losses will average more with the
n 7 Life than the Mutual Benent or any other Cor
ad bis public statement short tine since, "rhs
mortality among its IN Y. Liie) members has been |
prorsrtiosdy less than that Of any other Life Ins,
Co. in Amsrisa."
Does the N. 7 Life do less new businessY Hehas
told you it does De they receive less for that
businessf He tells Us they retain moro. In thar
business well managed! He replies yea. So thinr !
Tho Inns. Commissioners Of N. Y. and Mas. VIZ. |
shcn Is it 4et ~ SAFE reliable and cheap m n. NJ
ual BeneAt or any other Co. The truth /. M sn.-.
'ow fnds II for his advsntagp for reassn. vv.. !.
operate for the Mutual Benefit, hspiny "a ,a,.,n
10Th Cos. Finding his agency Of the N. u IN. r..
oksd he issues this Gard to create IN
ne minus ofis policy holders trusting 10 gain some
,no procure double commission upon the same par
's'' mus seeking to undo the work the n. 7. Life
as paio MIN Tor. This 10 his code Of honor Ileavs
im 70 mis- own reflections and the Judgment Of hon
rabls business men.
In this statement NO disre,rsct the Mutual Ben
Mt Life lns. Co. Is designed intended. The n. T.
life can rise without attempting to drag others /,
own With this statement Of facts, having lsss
mbition to figure in print, leave for good the
gent of the Mutual Benefit, hoping when 10 feels
allied upon to Issue another Card it will be more
urste than his last. C. KIMBALL,
Gen Az TN. Y. Life Ina Co.
81 .
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