The Portland daily press., 1864-10-05
Total,

Total, SAC, 546,75
Showing the truth to be exactly as stated it, Mr..
X. in his criticisms having left opt entirely thu
amount of accrued interest.
So with regard to expenses. the second point sade
by Mr.. X. He daras lot deny that the expenses of
the N. Y Life within three-quarters of one per
cent. of being eractly double the expenses OF the
Mutual Ben ait Ce.a fact ofitself sufficient to put
any man of common senseupop thorough investi-
CATION since the productiveness and to certain ex.
tent the safety of his Investment, will depend upon
the expenses OF administration; but he by quoting
from the earlier Massachusetts, report instead of the
latest N Y. report, endeavorsto convict me Of
ror and this although had given my authority for
what said. .s...-ry~s -
Says Mr. r., "ou the point Of 4iyideHds, Ihave but
little to say Indeed-nor do HucA wonder,
SINCE after ALL that is the question between usthe
very gist Of the whole controversy. And the little
that he does say what does it amount tof Take his
own language. "fhe N. \ Life declared IS per ct
the last year. and could hsya largely increased the
same, had they deemed it wise TO do CO., Undoubt-
edly, "if they had deemed it wie' to divide their
capital, any part of their capital, they have
doneTv~-d taken the consequences. But the question
is one ofcomparatve ability. depending upon q1s,.oI
sTps. Take the latest official reports on this very
point, and sec how dangerous question Mr.. K has
| managed to slur over with ION this point 1 have
but little TO say''-They stand thus: Ai
Mutual Beneft-net surplus, Sl,S26 102 40
New York Lie, 284 e27,S7
Showing difference 10 the amount of undivided
surplus of 81 474 SO in favor of the Mutual Ben
| cit Co. VIZ IA e#a-rssvsve- r-rvw n
Out of this question abont dividends grows the
question of cost to the assured have undertake en-
to show that by the Mutual Benefit system it will
he nIas-
MUM he has to pay than to insure in the New York
Life, the dividends of these two companies being
for the last five years as follows:-
1860 1861 1862 1863 1864
Nut Bent As pr ct45 pr ct50 pr so pr ct5O Or ct
N. Life 81 pr ci90 pr tSO pr 35 pr Of 85 Or ot
and the dividends in the Mutual Benefit being not
only declared year but paid yearly; that in case
OF death or withdrawal they lost; that the
lstdvdend il always paid just four years from the
date of The insurance. and yearly thereafter, while
the New York Lie, averages sig and halr years J;
and this difference of time as | stated, will bring
50 per cent dividend atsinple interest up to 67 per
at the time the So per cent dividend is paia BY
the New York Lie Co., making difference in the
yearly cost less than s22 80 ON eyory 500 of
premium the assured has to pay in favor of the Mu-
tual Benefit Co. What would be thought of the
merchant who should lay in stock of merchandise
paying therefor nearly % per cent more than good,
of equal or better quality could be purchased for at
bis OVID doorf Why not apply the same principle
to the purchase ofs Life Insurance policy?
10 the personalities and Misrepresentation Of Mr..
4. have nothing to say; nor do question the re-
spectability or trustworthiness ofthe gentlemen he
is acting for Certain it is tn It one of them would
ppt his name to the statements Mr. K has put forth
here. And ifthe people Of Maine had not very
large and growing interest in all that concerns Life
Assurance, might have been willing to overlook
the impertineneo of Mr.. K. atofether, and leave
these who gre acquainted with the facts to ud &c for
Themselves y e
81 WARREN SPARROW, State Agent
Mutusl Benefit Life Insurance Co
Portland, Sept. %, 1854 Ell