Bellows Falls times. [volume] (Bellows Falls, Vt.) 1856-1965, 1867-03-29
From the Insurance Monitor and Wall Street Review
Mutual Life insurance Company
of New York.


Great and numerous as are the triumphs
of American progress, we search in vain
for one more praiseworhy and complete
than this company, and if we were desir-
Gus of impressing foreigner most favor
ably with The character and extent of our
benevolent institutions this is the first one
TO which we would call his attention. 1t
actually and practically combines all the
prime excellences 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-fourth annual statement we learn
that the growth and work accomplished by
the Mutual Life in one year exceeds in
extent the results achieved by the major
ity of companies during the entire term
of their existence. 1t is therefore regard
ed with establishment even by statisticians
accustomed 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
augmentation of its capital during the an
nual period terminating on the first in
slant. Its receipts for this term amount
ed TO nearly six and a quarter millions,
and its increase in net cash assets to over
three and a half millions 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 approxi-
mating to the sum Of eight thousand dol
lars, and who can estimate the present and
prospective good to the widow, the orphan,
the dependant, TO society, 10 the world it
self that this expenditure will effect ? 1t
will bear moral interest immeasurably
greater than any mere pecuniary return
can parallel. AT the same time the COM
pany undertook a glorious task for the flu
ture,--one which it will faithfully perform,
by issuing 1888 new policies insuring
S53, 480, 330-he largest business 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 organic
alton, 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 skillful man
the end of the first year of policy, and
so economically have its affairs been con-
Quoted, so low has been the rate of NOR
tally among its members and so profitable
have its investments proved, that it was
lat year, without infringing upon its most
ample reserve, enabled to pay its insured
nearly seven hundred thousand dollars in
dividends in cash.
The President of the Mutual Lie and
its other officers from its Secretary down
to its remotest agent, appear to be anImat-
I'd by what military men call great esprit
du corps Al d take so much pride in their
company that no care, no troublr, no ex-
er ion is spared by them TO ensure and
enhance its prosperity and this doubtless
is the secret of its unequalled success.
Extraordinary as is the magnitude of
the Mutual Life (and if is without par
allel,)it is equally gratifying to know that
its investments are of the very best char
acter, 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 heslthy, the result OF its adher-
ence to The cash syst,m and of manage