The Kenosha telegraph. [volume] (Kenosha, Wis.) 1860-1888, 1866-07-26
Southwestern Mutual Life insurance c

northwestern Mutual Life insurance Co
We are glad to take occasion presented by the semi
meeting of Board of Trustees ofthis company
to call attention to its rapid advancement and rea
prominence. When last year we noticed that its as
sets had doubled within year and reached $500 Goo
we did not believe thatit could double them in year
but we surprised to find them one and a quarter
millions
To show some further evidence Of its remarkable
growth and prosperity we extract the following facts
from the Secretary's report to the Board:
Receipts for six months ...........$ 429,329 50
Paid for losses. Observation-Disclosures. IS 2t3 81
Number Of policies issued. ........ 3,O61
covering. ACKNOWLEDGEMENTS. 4,965,500 6S
Amount or assets ACKNOWLEDGEMENTS. 1,24O,S90 90
In addition to the accompanying figures presented
which of themselves speak eloquently of the Compa
ny's success, we herein call atenton;to some furt
er particulars of the business.
The regular and rapid growth of the Company still
continues, it having issued 3061 policies in the first
six months Of the current year. average of $40 per
month, against 2431 in the first six months of last
year, an average of 500 per month.
The area of territory over which the Company op-
erations extend has beenlargey increased during the
past six months it having pushed south into Tennes-
see and west to Colorado, both of which fields give
promise of good fruit while to the east Ohio is fur
locations for agencies from California and Montana
the west, and Maine and Nova Scotia on the east
AS evidence that the company is really becoming
what it claims to be, a Northwestern instead of a
Wisconsin institution the records show that during
the six months there have been policies issued in
Wisconsin, 1241 policies covering ST. G93 500, and
policies issued out of Wisconsin 1920 policies COW
ering $3271,7OO
The tbp
thirtyseven policies covering 48 21331 which (al-
lowing the rates for the year, is only G410O of
one per cent. of the amount insured for the year
against 8100 for last year. and 1924 per cent as the
| average American Experience reported last year to
Mr.. Wright, Of Massachusetts. This gives added
evidences of the low rate OF mortality in our field Of
operations
1t is due to the agents the company, Cunder the
head of our worthy general AGENT who the real
producers in the business, to say that indeb-
ed to their jealous abors and persistent energy for
large measure of this remarkable success. And we
must claim for the agents of our company that for
capacity, energy and integrity they as body, will
compare favorably with those of any company OF
which we have any knowledge.
While our own company is thus prospecting, it is
gratifying to know that the business ofe insurance
is making rapid advancement throughout the whole
country for during the last two years alone the num-
Der of policies in all the companies in this country
have more than doubled. While the people are thus
generally availng themselves of its benefits it is not
uncommon to find persons taking large assurances
| 100000 or more.
Hon. Elizur Wright, Insurance Commissioner for
Massachusetts, speaking OF the system of life insur-
ance in the last years report, says; 1.-The value Of
this invention is somewhere among the infinite
quantities. as much beyond the reach of ordinary
arithmetic as that of steam engines And the name
Of Richard Price, = who, though not the
first to entertain the idea, the man who nursed
it into practical usefulness, deserves for this
to be placed as high as that of Watt, Arkwrght OF
Stephenson. His genius for humanity found life in.
surance little better than indiscriminate system
| of gambling on life = and moulded it into a
sort of perennial providence for the widow and or
phan, pure and cheering sunrise and almost as
sure.