Cedar Falls gazette. [volume] (Cedar Falls, Iowa) 1860-1895, 1869-06-18

NIEssRs. EDITORS :

statelheuJ phbIlsAeu anu circulated
IN this city, by the Charter Oak Conn
pany's agsnt for the entire dtsrio.
,qad Grtasdy, but through sheer pity
for the benighted solicitor himself,
whose knowledge of Life Insurance
has not yet passed into q proverb, 1
submit the following facts:
i would inform him, that Life In
surance statistics are not Strictly con-
fined 70 the commissioners Reports,
as any Acknowledgement compiled by
a Company, aud published forthe in
formation Of the public, is, to all in
fonts and purposes, Life Insurance
statistics. For example, / would re-
fer Jerensiahstd the Washington's 9th
Annual Etatefnent, which he proba-
by saw in the GAZETTE, and did not
understand, as was the case with the
advance reports, until explained to
htmby myself. Lake this for grant
ed, since by his own admission he
failed tosdiseeoer that the Washing
ton had declared dividend for the
year 1869. This, however is not his
first failure, as he has most sig
nally and hopelessly failed in his
untiIng efforts to injnro, to any ex-
tent, wliateyer the Washington dife
in this city. sThe people know that
the Washington has paid disidends
this year, ass Dir. Duncan Cameron,
of thiscity, and others, can testify,
having received them, and his self
admitted failate to discover. that the,
Washingteni,as declared n dividend
:orAee, isbata public acknowledge
ment Of his consummate ignorance OF
tin. subject upon Which, La Las the
ASSURANCE TO write.
If the desponding solicitorzwlll
again lock- coretntly over thesreports
h9acW discorer that the Washington
Increased Der business in '8S, over '67,
iI}anaoupt' ofAriskss taken, SS,s44, ITO
and thafthe Charter Oak Increased
hers barely $l22, 56s, which speaks
rather favorably of the Washington,
i" the payot Comparison with COM
pany t,oice der age. n
1 did not, as was inferred, cabin
questionthe Commissioners reports,
nor did I.assegt that the statement
publish edhythe popular agent.of tho
Charter Oak was incorrect, i merely
explained o point which he himself
did not understand until explained
by myself inviewof which, u DIEM
my explanation to the citizensokthis
place fully Warranted. IN
The Washington pays buts7 per
cent. interest per anDum on her cap
italstock, (which being all paid in, ,
realizes more than that amount for
the Company, thus enabling the
Company to. offer insurance at its ex-
act cost ; while the Charter Oak, pay
ing the same rate of interest on her
capital stock, which is not all paid in,
must necessarily draw, to some ex-
tent, from the profits Of the company
to meet this liability to stockholders.
It would be strange indeed if
Jeremiah should try to provoke n
controversy with any agent of the
Washington upon this subject, which
could but result disastrously to
him and his Company. Take my
advice, brother, and do not mention
stock Especially in italics) again
while any portion Of your stock re-
mains unpaid. -r...
A word to the public and / am
done. The agent of the Charter Oak
closes his communication by aducr-
Using more insurance for less money
that carr be procured at any other
office in this city. He has evidently
changed bis opinion in regard to the
advantages to be derived from adver-
tisiDgi asst has been but short time
since he made the remark, that i'd
Vertising was 40 advantage to him,
which in this instance, agree with
him, for at this juncture, there is not
all intelligent boy of is, who would
not know, upon moments con slider
alton, that the statement was utterly
devoid of truth. 1t is but an empty
statement, from an empty source,
which like first dispatches, needs
confirmation. There is nothing to
show for it.; his own. policy-holders
do not claim it; individual illustra-
tionssins his company do not confirm
it; his own lack OF Success is no
proof Of ft, and stfcf an assertion to
the citizens of this place, who are
now spsgerieraliy enlightened upon
the subject of Life Insurance., In its
varied systems, shows that, in lis
opinion, the peoples judgment upon
this subject, il even more contracted
than his own, and expresses q degree
Of assurance, upon his part, that is
absolutely amusing.
In conclusion, it may be proper TO
say, that not withstanding the fact OF
the immense circulation of those 3
by 6 statements the Washington's
business has steadily increased in
this city, even more since, than be-
fore thea statement appeared, which
induces me, in view of the benefit
have derived thcrby, to tender the
agent the amount necessary to defray
the expense of anothey edition, which
! trust he will ordof. Immediately, at
my expense. SO
I would just say, THAT If any body
accuses Jeremiah Of being the author
Of the communication appearing
over his signature, they need not call
on me for proof. -
SIR. EMAxKLAND,sS
Special Agent,
A Washington Life Ins. Co.
d - 0Sitnary.
John Schenck, bwrn at Cranberry,