The Portland daily press., 1864-10-05
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The Mutual Benefit Life ms. Co. vs. TIT
NJ T,ifa

The great length of Mr.. Kimball's communication
will oblge me TO answer 10 circular which Is al
ready In print meanwhile an ABSTRACT Oh 'he "hoie
NAV serve to disabuse the public.
sThe f,sk charge made by Mr.. X, Is that dlo ho'
surrender the agency of the New York Lie II
great necuniarv sacrifice; my answer to when iS
two fold: lst,I never said that did. zno' 10
true nevertheless; and now aver, ana am re1U "
prove, that sacrificed four-ffths OF my yeaily -
come on my Life business by making Inc onAn -
complained of and that l made TINS sacrin'1 -.
reasons: first because OF the superior aeV'
tages saw in tho Mutual Benefit system for tae as
ssred. and secondly because belieyed-and my sue
thus far has fully justified my beiief-tnai W
the end. TIE exchange of agency would be mucn
more advantageous for myself
The End charge is. that after claiming triumph
over Mr.. Neal in our newspaper controversy OF last
winter, L have been suddenly converted by review
of the same argument To which answer, LIST that
mn part of the controversy with Mr.. Neal was con-
fined to one single pointyiz: the expenses of the N
! Life. about which he had been misled, as he &C.
knowled ged and that Imost carefully avoided every
1 other position taken by him, because foresaw the
result; and that facts and not review OF his argu-
ments have satisfied me. Of the vdst advantages
the Mutual Benefit Co. offers to It's policy holders
| over the New York Life, as will appear by the
statistics given below the highest Official author
| ity, alike disinterested and conclusive
He says furthermore. or implies, hat by claiming
to have been further enlightened by later official
reports seek to misiead. 10 this charge say that
| inasmuch as the MassashusettsICo make
mn tber re port to the LIST of Nov while that of the
N. Y. Commissioner j. made up to the 1st of Jan'y
the frat being published in March. and the last not
until May or June, cond not know in December
,6s otciqLLy what has become but too evident since
June '6i; for example. that the percentage Of er-
Denses on Income in the N. Y. Life Is 1912, being
9ss per cent moro than it is in The Mutual Benefit,
and in fact nearly double! di know upon au-
thority not to be questioned till these reports APP
peared that while the New York Life had issued
llo4 not 1896" policies Than the Mutual Bene-
it, within the year that the actual amount insured
b, the Mutual Bensht Co was nearly 900 more
than the amount insured by the n. 7. Liie-showing
that capitalists and men Of substance tcere giving
preference everyachere the Mutual Benefit sys-
tenn The following abstract from the last report Of
the N. Y. Commissioners may help cure the strange
hallucination which Mr.. X. appears to be laboring
under. . -. :, y.
n Is " T4e in 1865. in 1853.
Mutual Benefit, S5ll " sll BIO 3S2 W
MY Life, 1876 ll,aSS,Z34 w
Furthermore in the card he complains of, are
mentioned under seven eight different heads. the
statistical reasons for the conclusions had arrived
reasons whchare likely to be satisfactory to men
of business and foresight. All but two of these he
passes over in absolute silence; and these two he
labors to show that am wrong. But how? he charg.
es me with an error of s152 III 90 in stating the in
come from interest in ls6S"-and attempts to prove
the charge by quoting not from the latest, the N
report, but from one of earlier date. For par
of this item however, which does not aPpoer in thu
abstract of that report was obliged to rely on t'
last annual report Of the Directors" Mr. f. vii
not question such evidence. Among the items Of IN
come for 1868 the N. Y. Life Co. in their roper. TO-
!. January LIST, 1864, gives the following amount 0
interest received and accrued, 1858, $50
. | and the Mutual Benefit. 4 IS ..-...
Amt interest received, 1858, $3l9,z,zOo
Anti intarest accrued in l8n3 l2l 2I479