The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1867-03-13


NEW YoRK.-Great and numerous as are
the triumphs of tho American progress,
we search in vain for one more praise
worthy than this company, and if we were
DESTROYS of impressing foreigner most
favorably with the character and extent OF
our benevolent institutions, this is the first
one to which we should call his attention.
1t actually and practically combines all the
prime excellencies Of the ideal OF philan-
thropists, and with its immense accumula-
ton of cash assets, now nearly reaching
twenty millions of dollars, is one of the
great marvels of the age-as successful
and perfect in its operation as it is benef-
cent and hallowed in its aim and object.
By comparative examination of its
twenty-f fourth annual statement we learn
that the growth and work accomplished by
the Mutual Life in one year exceeds in ex-
tent the results achieved by the majority
of companies during the entire term Of
their existence. 1t is therefore regarded
with establishment even by statisticians &C
customed to estimate vast amounts and
gigantic operations. OF the scale on which
its business is conducted an idea may be
formed from its income and the augmenta-
ton of it's capital during the annual period
terminating on the lst instant. Its receipts
for this term amounted to nearly six and
quarter millions, and its increase in net
cash assets to over three and half mil
lions of dollars.
Such amounts, surprising as they are,
are easily ascertained and set down, but
who shall calculate the actual value OF the
work accomplished {? This company paid
during the year claims by death approx
mating to the sum of eight hundred thou
sand dollars, and who can estimate the
present and prospective good to the widow,
the orphan, the dependant, to society, to
the world itself, that this expenditure will
effect 1t will bear moral interest i'm
measurably greater than any mere pc
cuniary return can parallel. AT the same
time the company undertook glorious
task for the future-one which IL will faith
fully perform-by issuing 1928 new poll
ces insuring $53 ,4S0, 33O-the largest bust
ness ever done by any similar company in
single year.
Such is the immense utility and expan-
sive benefcence of this greatest of all life
insurance corporations!
There is another feature which, more
than its size, stability, and perfect organiza-
ton, contributes to render this company
the most popular of our Life institutions,
and that is its liberality in accommodating
its members, and the benefits they reap
from its judicious and skiltul management.
Its dividends are available at the end of
the first year Of policy, and so economi-
cally have its affairs been conducted, so
low has been the rate of mortality among
its members, and so profitable have its in
vestments proved, that it was last year,
without infringing upon its most ample
reserve, enabled to pay its insured nearly
seven hundred thousand dollars in divi-
dends, in cash.
The president of the Mutual Life and its
other officers, from its secretary down to
its remotest agent, appear to be animated
by what military men call great esprit dt
corps, and take so much pride in their CON-
pany that no care, no trouble, no exertion
is spared by them to insure and enhance
its prosperity; and this doubtless is the
secret of its unequalled success.
Extraordinary as is the magnitude OF the
Mutual Life land it is without a paralleD
it is equally gratifying to know that its in
vestments are Of the very best character,
being made in real estate rising in value,
in bonds and mortgages of the firSt-clasS,
and in United States and New York State
bonds, and also that its growth is perfectly
healthy, the result of its adherence to the
cash system, and of management as circum-
spect as enterprsing, as regardful of the
future as of the present, and founded on
principles as solid and enduring as truth as
ITSELF Insurance Monitor for February.