Vicksburg weekly herald. (Vicksburg, Miss.) 1868-1883, 1869-12-25

way. In 1852, three years after the
organization Of the Equitable, the
mutual Life Insurance Company,
one Of the oldest Of the prominent
American companies, had been in
existence twenty years. Its assets
were then s0,l75,l77 -, amount al
risk. s4O,O5l, 7O4; policies issued
during the year, 1910; amount ofin-
surance written during the year ST..
sII.2lS total income for the year,
SI,7jj,2sj 81. With this company,
aLtwenty years Ofage, compare the
Equitable at nine, viz: assets, 81.
72I,0T7 OF: amount at risk, SlI2,'
j56,s23 ;policies written during the
year, 1885 amount of insurance
written during the year, SOl,eJl,'
S2j; total income for the year, Sl,-
Si0,lj7 ~. 4 comparison with
any one Of the older leading COM
panies would exhibit the Equitab BILE
in even q more favorable light, as
ir amount of business II was year
by year far in advance of the rela'
tive years of any other companies
The following figures, taken from
the reports Ofthe New York lnsur-
rnce Department, exhibit the bust.
ness of the Equitable as compared
with that Of all other companies OPP
Grating in the State during 1868
Average number of policies issued
by all other companies, 3,769; is
sued by the Equitable, 1885; aver
age amount insured, Sl0,S22,367
insured by the Equitable, SOL, S9l,-
S25 average total income, $780,
9s5 income of Equitable, $780,
l57 average total assets, SS,3S7 ,s52
assets Of Equitable, S7,72l.OH
average dividends paid, $24l,sSO;
dividends paid by Equitable, $780,
997. Compared with the business
transacted by foreign companies,
the contrast is still more striking
During 1868 the Equitable insured
very nearly as large an amount as
the aggregate Of all the life insur'
ance companies Of Great Britain
combined.
A remarkable feature Of the bus
mess Of the Society is the large
average amount insured in its poll
cies, largely exceeding that of any
other company in the world. This
average in 1868 was S4,320, the aver
age ofall other American companies
ranging from $l,s46 to S3,OSS. This
large average amount insured In
the policies of The Equitable is due
TO the fact that wealthy men, as a
elass, take policies in the Society
for purposes Of Investment to a
greater extent than in any other
company, a fact that has a remote
but important bearing upon the low
rate of mortality among its policy
holders, as it is evident that men
who are able to carry large pre-
miums are not likely to be compel
led to remain In the vicinity o fepi-
denies, and that In all cases of sick.
ness their medical attendance and
care will be the best.
That this immense volume OF
business has not been accumulated
by the Equitable Of any sacrifice OF
economy in management, or want
of sound discretion in the selection
Of risks, will be seen from its low
percentage Ofexpenditures-includ.
ing death claims and expenses, but
exclusive Of profit dividends-tO
cash premium receipts, and by q
comparison of this percentage with
those Of other American Compa'
mics. This percentage in the Equit'
able has been 3 trife over 81 pei
cent, the smallest percentage Ofany
other company being over 43 pei
cent, and the figures ranginS
through the entire list from thu
point TO 50 per cent. It is worth!
of remark in this connection, thatO
the fifty-twO persons who cOnstitu
ted its first board Of direction, thir
ty-nine are still members Of tn
board, and that during the first de
Cade of the SOciety's existence, bu
T two directors have been removes
by death.
II amount OF insurance is al.
criterion Of popularity, no COmpa
ny in the world has ever, With
the same relative period, expo
! rienced such a degree Of public ia
. vOr aud confidence. The origins
, force of two youthful clerks is nol
! represented by q corps Of sOme siN
! ty gentlemen, exclusive Of officer
and agents. now required to trans
. act its current routine business.
I has Outgrown its offices, and an
/ accommodations obtainable in an
building at its disposal in Ne
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