New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1866-12-21

point ofdae Of organization in this Statele yea t
junior of the first company, and six ycan The
snior OF even the latest OF five predecessors CONES
out in point business done this year, next emoae
tho Neg-Vorl, Companies TO the Mutual Life Insursuos
Company whose new business during the came term eT
ceods what has been done by any other company
sYgle year. either here in Enrope end the FFT rsna
Of the II companies in the United States, according 10
the Massachusetts, Commissioner II should be noticed,
that while ;out companies have surpassed the Equitable
in point Of new done, yet Eat tho ratio Of iss
cash expendtuesor expenses aid losses to It's cash
ceipts, isles han IN any Of trese four companies
ADaterta point to BE- remembered, too, in this con-
pctye contrast Is this-that the equitable from the be-
ginning has been Quail CASH CONTEMPLATING po.ss
for premiums and conducting is bu.ness throughout
strictly money basis The premium income Of hcEGUrAr
BILE for the year ending Nov. l. 1866 amounted to g. 49,
80 CD, which vas,whin $4,000 Of being equal 10
the aggregate amount OF cash premium taken for h6ams
year BY tho foLT cotCnpcnnoous companies formed In
1859 ard 1850 The Of business done by the
Eqgoble during the year exceeds by about 100000 tAs
aggregate new business Of the four ast-meutioned Con.
pauiee while it, total cash premium for the year 1866 ss4
ceeGsthe ToTALcAsK r2EuUl uconE Of tho five seuios
companies the time deterioration of the Equitabs.
For company to do thus in yes. what tookevs
companies egsegte period Of % yeas TO reach 10
doUstedy' q wonderful achievement
Certainly it Is TO DO renonbered that all tho pioneer
work dOne BY tie Eve preceding companies smoohed tbs
way Gteray tor the of tho Equitable end otass
modern companies. Still, tic rank tue Equitable nov
takes n tie face Of al the ilcuse competition by Odse
md younger pAes for the last thee years especially,
is unoucs;ioEablo evidence Of grand success. Tbs
anrour insuredby inc Equitable 10 The year ending Nov
l. 1866 was SIS 3.s 600. The plans Of insurance sDe
dividend system adoq ed By the Company mast be e,
nentiy popuer and tie agents and managers must hsVs
been'cxtfaodinary vigant and ebe, 10 achieve suss
splendid reeclts Ihas been proved ttet Life Insurance
Companies experience less mortality the poey-bo
ers nsurng for amounts 0o an on those unceT
the reasons for this are obyiousthe mtdum and weAe
do classee many Of whom seek Liz Insurance as en- In
vestment a-e better surrounded with the means for hs
promotion Of longevity than those who sore taxed Il
securing tho necessities life. The policies q lie E9Sa
table Averaging larger IN amount qH those Of eng otAs
eom7aay me eouatry OF It's losses having been onS
onohaf the e- ccntage Of many older companies, cor
siusely show that larger proportion Of the eiore-nsn'
TONED desirable classes in the Equitable, than Ia
any other company. ., Weil-sFeet UnderwriteE.
The East River National Bank has declared dVidOnt
of,iyo per cent free from Government tax.
The metropolitan National Bank has declared hsh
yeory dividend of per cant payable Jan The excess
Of profits FOR tho six months this dividend added u
the previous large surplus, will make about 20 per cent
undivided on thecspia of 100000 This Bank IL one
Of the best managed Institutions in the country.
The Merchants" Natonal Exchange Bank has declared
half yearly dividend Of per cent and the Trades~ent
National, per cent half yearly.
Tho Michigan Central Railway Company have declared
half yearly dividend Of per cent, payable January2
Tho EanAlton'Fire Insurance Company has declared
diyiocnd .pf5 per cent.
Tire Union Trust Company pays semannual dividend
Of 4per ccBs.