Daily Davenport Democrat. [volume] (Davenport, Iowa) 1864-1874, 1868-12-31
omciai Paper Of the City.
Charter Oak Life 1nsuraDce
Con pany. Hartford. Csnn.


1t affords us pleasure to observe the
foar,hing and substantial growth Of the
Charter Oak Life. Ii is sound to the very
core, and full Of vitality and health in every
fibre Of its organisation. Ii has never
failed to be equally generous and just; aud,
although its annual dividends 70 policy
holders have averaged about forty per cent,
the proportion Of reserves it has accumu>
lated greatly exceeds that Of = majority Of
other companies. Its plan is simple. squi-
table, and honestly administered, and pre-
serves that golden mean which in the end
ensures the most permanent and entire
success.
Its solidity is rendered unqusstienab!s by
Its paid up stock capital 81 two hundred
thousand dollars but this capital, instead
Of being. as IN other companies, . drain
upon ts income, fully earns the interest 1t
pays it's holders, which is restricted by the
charter to eight per cent. This substantial
security, therefore, costs the insured abso-
iutoly moth ng; and, - all the profits Of
the busn ness a.e divided among the policy
holders. its sys,em presents one Of the bert
forms oil mu.ualitv chat could he devised.
BY accepting note for 40 per cent. of
the premiuui, the Charter Oak grants Its
members all the Accommodation they could
requ re in procuring the greatest possible
amount Of insurance with tho means at
their dispossi. and u the same time, BY
strict economy, carefulnsss in selecting
risks, and Judicious Investments, amassss .
solid bulk Of net assets, above liabilities,
which renders the company a. secure and
Trustworthy as il all its premiums we're paid
in gold. The wisdem and success Of this
policy are proved by the annual increase Of
tho company $ substance, which about four
wears ago amounted 70 81, ,O0O, 200, in .
yssr Afterwards 10 ~. 500, 900, and now 10
computed at IS. .0O0, 900.
These excelsier strides, and the fact that
the Charter Oak was the frst company 10
introduce The practice Of paying annual
cash dividends, establish its claims 10 .
position in the van Of life insurance prog
ress. Its usefulness 10 demonstrated BY
it's prompt disbursement to the heirs Of its
insured Of nearly two million dsilars, aud
its pro6tablensss by its payment Of disi-
dsnds to his policy -holders Of over . mil
lion. The skill and discrimination Of its
management are shown BY the smallnsss
of the ratis OF its death claims. in which
respect IL has for several years had the ad-
vantage Of other companies and ito prais-
worthy economy is rendered equally mani
fest by the ratio Of its total outlay % ex-
psnscs. which falls below that Of ito CON-
pstitsrs. The satisfactory results few
naturally from the superiority ofits systen
and management, and will therefore Be
continuous and certain in the future.
The receipts Of the Charter Oak fer the
year ending on the lst Of October last
were three million dollars, showing an in
ereoss Of one million over those Of the pre-
vious year. The number Of pelices it is
sued during the period first named exhibits
. similar advance, and amounts to seven
thousand, insuring about twenty million
dollars.
The Charter Oak realizes the true con
ception Of life insurance, OF which perfect
safety and constant, steady progress are
tie essential and leading features. II il an
institution in which the providsnt head Of
family may place his savings with ths.
secure trust and inmovabls confidence
which set all doubts at rest and allow him
to live. labor, sleep and die in peace. The
Charter Oak is one of the cheapest, aousd>
est, best life companiss, and its career since
Its organization in October, 1850, has, like
the prog,ess Of spring and summer, been
continually growing more productive Of
good to mankind. May j. continue to
flourish and spread fer = thousand years to
come