New-York daily tribune., 1866-02-17

cent A1i in1,nrcL as e51lt I2Per cent OF Che
-um insured cons - Of bonuses, or pad w. i1''r
su,e, aay actca-y kroEs ycp VOL. t-A' t.c
value a pr cont. c,aro; ba - ge- cent le'5 than
t4at az per cca.. Bu. deiuct.ng 20 por co-,t we
hsyni II g. iG7 s6i A. anruit;es esen a. p.f cont
a-e very hazardous and unremunerat.vo 10 com
pauy IN the long ruI Sc NAY well deduct th'.r
valve 80 pe- cont, a- well es the COMPANY fJit-
ing debt frou the funds d. hand II then has, IL
cI4ilg IL proprietary capital jl-' s3e5o,o-i
against the no value Of its policies of iGs-rt-ct.
amounting To- Sac, S59. Hence DO lscas 81 iea,.
II ~ o., o. having funds enough % Issue a3Lcy
legally ID Massachusetts and - have DO na.5t
D. pol,d Dr. excluded by ;lo able n.d g-gihn' IL
,.-aac. Dcpa,.mort of Ncw-York, If II Shouts
ofc, Co do business heIo.
To Directors themselves evidently know what
tlcy are about f,r night under the adniring eyo
Of NJ. Bll, they coolly cali their bslinc" o. q
m....o1 end half oa IL, r lht side prospective
bi'aroe. Mr Bu.l +, charmed win The prosgff,
Lot nalIas tie -iG -; ,ol,c o. fu'ufty H. Gle
case. B. rsst slan lone vtl th.s iiunon 80
a.sum4l-i.on of fr,ht. Hor, fhc Directors. as
solid Brush mcn. step .lu master stfo~r O.:
policy Which goes town le deep foundations o.
Nr.B.lr, latu-o. aad m. , bis confidence +, them
-olidx iha. Be.,emer .'ee. They say, Upon
S,-uiiJl of ,he whole tact. ald being DESTROYS
go act with duc caution on 90, one hand aad u-. eo
to ,he polic,-hoider. on tic other Dr.c'ors have
resolved MOI 90 divide more thar quarter oi thsl
-rm. agd H.g propose to apFpr' ol, b. VIZ "i /
loau. :. 900 s5CLV00, which is rather loss tLan
ore-guaf.rr of o.. prospective ba.aIce. Illt
profound "oousiltr4t.on aad "caut.ou 81 coiI'e
DO the bu,inc.-, ani ;hc British pou!-ho.der- are
.u., a. wc.. pleased 40 eetli4 10000 worth 20!
additional Insurance, 10 D. paid iog ou' Of iheIr
own fuiir, premiums q. they woa.d he ni getting
5, much cash ont ot The saving, of the company /
a,u thcr p.,t premiums. There may Doe q dii"r-
eucr Lt thry don ,.r it Bli do .Aey ect thc
whole 80 O00l Hoe s lie solution u the ndule:
The report soy. $50 per cent o.. the bonus belongs
ip tie partic paiing policy -holder'.' Il don't ~,
70. whom the other ~ per cent or $4,000 beiol-si
hgt il nav safely b. assumed that II soe' 10 Oh"
pIopr etor- ol ihc slOj O86 of c'pital-noi ~ thel
shape of paid-up insurance. probably ou the ilrth''
side. ol the desperate chaucc, OF tho high Court oi
.Chaucory but in ready cash. Iii, somewhat de-
ee-,es - b. called a good thing, btirp q1ir-
auonnai dividend of oycg % Ier cent in addition 10
ia annual dividend of probably I per cent.
W. have plenty ot companies iu this couniry,
not yer, wisely chartered which might do q lhing
If this sor r public opinion 90 SAY no'lhig
,ro ON national aqu,.tlveness, did noi stand III
ttc gag OF if. AID pubic opinion has -o iar so'
t,clf enacted into law thg mo- company d1fe'
col iound tie ,a4iugro Tie pi,t and the profits "i
s frsrI
lItenpI pr,.l. ot tbo mother country nav" DIS
covered ile advantage of investing iAtt S.TpHs
.,,...4l i'm our national ,ecuri'c- and public works
a.. -lt't.- wonder they do NOT also dscore ihc adj
,..rtae, oi iu,uuur ,hc.f I've, fro American othce''
t.to tlr matter of ..alounain-" success, -i1 oi
OR American ,ompau.c- Issued larger amount oi
..u insurance h.t ypar than The Gresham of Lon-
dom. four issued more than double. aud U.s." iure
thai amount. We have et lel- - wrli-e,'ap.is-'1
con.uai.,, n-urins about >jooOoOo"' not one q"
which has D premium reserve oi less ,hah 49," hei
r,lrrof iis poi. ccs at PEE cent and on Tie aver
. .l.r have more than ~ per cent above that or
,oore rDsn would be- required by > peer cont nH
,aluniion Hence not on cent OF discounted iu-
tur,. premium, has been t"achcd ''ih" py l"H'y-
holI.ror .tociho'icr
# the Grslmm Lille Assurance society oid
I,,,rv London. With 1t, E,Cel policies, AMI
~, 900 80 insured. making bonuses ont of int'ro
premiums. afi. having used up more imam 1i'OoV'-
00O beyoud the mrgn, ou ~ past premium ''r
expenses other than hc paymrli Of losses IS i'i
sample Of British Life Insurance in'uinhoh'' we
,,,,-e our csutiou. ,.ou,.ns 10 takc roliric, ins
side