The Kenosha telegraph. [volume] (Kenosha, Wis.) 1860-1888, 1867-08-15

| GLOBE MUTUAL LIFE INSURANCE Co. OF
NEW YoRK.-The advertisement of this COM
pany published in our issue of o-day, contains
so many points of interest that we cannot re-
train from noting them. With cash assets of
one million, it has earned in the three years
Of its existence enough to make two annual
dividends amounting to $4,000, and now
shows ratio of III, IS of assets to liabilities
which is considerably above that of the other
leaCidg five cash companies.
We take the more pleasure in calling atten-
ton to the merits of this company, that our
friend and fellow citizen J. G. MCKINLEY,
ESQ, so well and so favorably known in this
city and county as prompt, energetic and re-
liable business man, is the senior member of
the firm who have the management Of its
Northwestern Department. That fact alone
will give strength and vitality to the company
throughout Wisconsin and Illinois. We quote
the following from the Chicago Tribune of
the I'd inst:
In this connection, ii will not be out of place to
mention the merits OF single company. The Globe
Mutual Life Insurance company, OF New York, COM
menced business in June, 1864, on a capital of
500 600 and up to Jan. l. 1861 it had issued $3.50
At the present time it's assets $1,000 000-a
growth probably not to be equaed by any company
in the annals OF life insurance. This company is
based upon the mutual plan; its premiums are all
paid in cash, and dividends made each year. TO be
applied as the insured may direct. The ordinary
life ten year nonforfeiting and endowment policies
issued There is another feature connected with
this company which is original with itself and will
commend itself to every one. Objection is often
made to life insurance, that If at any time. person
should be unable to continue his policy he would
lose the premiums already paid. To obViate this
injustice, the Globe Mutual agree that, after the
payment of three more annual premiums If the
policy should lapse in consequence of non-payment
OF premium, new policy will be issued for the
whole amount of premiums received upon which no
further payments will be required.
The eleventh annual report of the insurance COM
mssoners of Massachusetts, dated Jan. 1867, in
extraordinary success to the fact that its board of
trustees is limited to 10 and that they re-
ceive one and twoffths per cent. of the profits for
several years, giving those gentlemen direct in
terest in the promotion of its success, and stmua
ting them to look after the good management and
safety ofthe company.
But the chief reason of the remarkable of
this company is in the confidence the public have
in its chief officers. Its president, Pliny Freeman,
ESQ., is of the Oldest life insurers in the country
and is prominent merchant of New York. Its
vice president is Loring Andrews, another prncely
merchant of New York city noted for his |
discriminating berality, he having given 500 600
to the New York University and an equal amount |
to the Atlantic telegraph fund, in the most unprom
Using hour of that enterprise. Under the leadership
of such men, the company cannot fail of getting the
confidence Of the public.
On the first of tune this company established q |
branch office in Chicago for the northwest, inclu
ding the states OF Michigan, Indiana, Illinois, Wis
consin, Minnesota and Iowa This office is under |
the charge of Messrs. j. G. McKindley and S. II. |
Lockwood. These gentlemen have been long known |
through their connection with the Northwestern |
Mutual Life of Milwaukee, the former being the |
chief managing agent for the Northwest, and the |
latter for the state of Illinois. Under their direc-
ton the Northwestern took rank among the very /
best life insurance companies of the country. Their
connection with the Globe is promise that that |
corporation will, become of the most popular in
the states over which their supervision extends AS
guaranty of the confidence imposed in these gen
temen and in the company they represent, by the |
leading men of Chicago, it may be mentioned that
the following among a large number of others may
be referred to: S. G. Griggs 81 Co., w. Coobaugh
president fthe Union National Bank; W. T. Allen |
of Day Allen d Co, Jessup Kennedy 81 Co., Hale, |
Aver 81 Co.; j. 81 Z. Buckinham
DR.. r. L. Rea of Rush Medical college in this city |
has been engaged as medical examiner, and this |
appointment is but another index of the high char
acter of the company.
The Chicago Office is located in room 3 Oriental |
building, No 1874 La Sale street. and although this
office has been occupied only one month, and the |
greater portion of this time has been spent in get
ting ready for operations. 100000 have been
insured and as agents shall have been APP |
pointed in the other states these receipts will be
rapidly augmented.
From the foregoing statements, it will be seen |
that The Globe Mutual is one of the most solid. as
well as best conducted organizations of its kind |
throughout the country.