, 1869-10-07

olcea 1f1a0 In MA. 70 as1snSod !. so s W. ,ss Al
soIlJ o. 10 sases, eli Fitted win oo{npets totlet
IL fr9ssnte I " .no soue with aa'ee. Tha esnsral
g., % = ~ Aines under tns,1 noot1nl Tne eaufs
o11atnx o1, sersdlg f.. p,oE Al tho Coda. atreei
sa1 1ss s.o sssa9 eiesasors vi. b. kepl an,ag
eaW and pRaise xcTsny feature Nhtsh thu leg
"I'ne plan of tnsnraeoe of tSe Equlssh's socs.
eL Eenaafa Dr. iRHDsas Prime, III prohahly -
aesaf perfec< a xnythfoR human CSC ba" fHs
eaes otainaU It's poaeaes-Iife pallcies Which IN
to oe psto up u tye Ten oEteen. Of twenty anan1
@ssinns: Tonnns-dIvtdend policies: ortlaaty
e1pasataon oi apec,ae humber nt JAN and %
dowuents In Like susnref, which my be psid mp
,e. one aEst q e ssa. ,sai.,.;
WITH OF Mfthons ptodtAs and s0IvttossbIp annui-
tinA Al asa and ten psyrent poiscaeA whether
annua, pTemioms have boen pssd, fns ~ nan1
nfths Or teutha EsrecsiselJ u fhefe shall have
been foll Jeatty ps,msnts made apd ordinary lre
equitable anao0nt Arter three full annual pAJmen
have been tnadcL Lie aud endowneui boNclea,
ss s psp1s ,1sa1ao "a & wn1n ;n,,s sfe osIahe dar
aso pon-lorteitable after three annual ptruninms
have been paid, Tnuae policies mAJ HU 10
dfA"u 10 fator Of the aaHured 10 he DISPOSED o s.
NU, AAnsn,stzstsoa OF aaaSnrnent: os the1 nav *
drasn N faVor OF xifs; nMe aod ch'ldtco tntau-
so Mae; ny near seiause: creditor: mortgage
A+AI& ~ VI OF which k66
ISSUED member, and oiher4 Al pfonu OF
iutu.ance, re surplus funds Of tar soctesy-sfe
aunu2lly dsElded snopg the policy. holdef1 oniy,
u the fotm Or Dividends and ID aIact psopoTtion
70 fndaFd1al contribution TO those fund.-, Theso
dlsidecda uaJ be applied, II the choice Of t1e
policy holder IN AnJ ooe Of taa are o,defent va,a,
villa Inc policy; 70 en addition to the Amnups a..
suresi, p4l ahfe onJ tn ra.c death within spec-
6ed nnmbcf Of 3eaFH: 70 reduction IN tho amoaut
q ail Subsequent premlusna: 10 larger reduction
! II fbo AeIopuk Of the premium for pte wear or
| noozo: 70 HHs1as1ou as The humber al prauians
! tequtsud, 70 that premiums NAV caase It oom-
par1tlse5 carly age; and the selection OF one Ny
NY ore 3e.r toca BOT Esht1es tue right Of choice
u any ubseGoent JeN.
x1nzoo bot stSe7to practised 81 spY nshef oany-
pany. l!tnAtraiea the pecullartes Of te sasttauc1
" . pfo1ts0o form Of lnvestment. Tho systan
originated H5tb TBS Actu1fy OF the E4u1kAoat Aaa
haS received the highest commendstlau from the
Superintendent Of the Insurance Department. 1nd
business men. The former has eTofessed H.
opinion "that It viii poeuanze life assurance to
ceaTee heretofoge RakooRa." II If eytdeat
er. although the tables are ADJUSTED 10 meet sucn
N e1lTency. The comaany. OF, ia Other work. TIT
surrssi"q asFuIz. realtso no money IRON the fans-
tc5.hnldct. Tn the other hand, hare Teceised IN
ths face of khe polcr sione, II may Be, prudt Of
9ee o. even ~, 3eG. ner cent i seems eQa1tahle,
/ should receive no further sam In the WY Of
| dividends, but that these Accommodations should
aG ssenta.ay nsen 70 tao.e .oo pay premiums
| ineiF outlay = profit spprodmsttog 70 that OF
! those dying early. This Is done II the Toni ne
Iqs oI u Des1ns
cent Eex annlm uatil the5 shall amount to tha
lace q ne policies, refnecttsely, period VARYING
Aurtug Al 81 II Ia traction over is yeAra puxtpx
ta!s period the annual dividends On ~ Tunttne
p4llcsea a5e st apart ~ mud belons4aE 70 this
c'Rs4 All who tio before the expiration OF tho
pe1iod receive ouy the face Of .hetr polIc.es the
accnlatlons going solely to The survivors o! 'nts
period IN TIE shape Il tt7lactioa Of premlans
thereafter. md eventually tn Cash aunultaeS. Tha
ectt sctuaetea has calculated that the dividends
on such pol,cirs viii be three Iunr times greater
aud the Staten ptctenta peculiar ao5antasea 10
those Who are ot long- -ltyed t4u!seA to tbo7a woo
have naHRsRed eatxtee, aafl 70 al recipients 0f
the point Of Independence 80
Much Of The unprecedented suocess of tue
Equitable y owtrR 70 the Geni1s and energy Of is
DrcctoEe who hnso been, from The trBt, islI-con.
.tia'eo gsatu!tous agents, In extending the nene-
auatntances. anu 10 sdF.nc1ng The society a. a
I rnreis hcoevoieut tmtentsou. There are Other
-lctuents nct perhapa entirely d!suoc. from those
career cooid not be ns,0t4iued. Great soiuno oI
bnA1nesa u not conclusive evidence Of Kreas pros
tsraty- There must be the utmost cAse tn the 80
te consistent With the Int<Ecsts OF irving pol1c5
older, aud the manAgeOeot of It's VAST accumn
tasiong place tEtuse EolvencJ te!Dnd the EemotesI
sLd dtgtdends ovet three aud and half Millions
IL dnaaA percentage Of expenditures 70 premium
feoepts. which Il 1ees than 1s called Tor hy II
trc'scst tn the selection Of hvca. No application
for inturance is passed until the gr1esal cuasac.e
al the medical examiner. bis systen, Standing aut
kngta Of practice In the pfofessioa, tue ttutt
anti place of Rt1aluasiun. his xwe, and tho pnpaIa
tun and chaTacteHstIc diseases ot his LOCALITY ars
n+ccttAined By certificates and references Taess
] fACfH OFf8cfrhd In TG1uFnfnnfE
cnestiEute Il bureau Or medical standing And char
acies. The Equitable w8s d,so auidd& tto dest x
iseognl1e and reward the Invaluable sefslcss ol
Upon the tnxnaacmeot Of the vast pecuu,ary re.
sources OF an as*nranco FoctetJ, however, The
| public justly look Win the most Jealous eye
! These Iunde, under the coudltipns OF Insurance,
afe the property Of tho t'ocy huIdess, OF tuse fo
whose favor tho assuIanee Ia m.ae: n1hcs q
aEatiultf conducted syssen 70 one else hzS Apj
interest u them. present OF coai,nHent Thest
nccumn'auons lArRely represent the lie long sav
.nRa Of economy and tnr1ft and Ia thousands O
helpless and dependent Nc ulorr sacred trust Il
coacetfsole tasn he r1ansserneat OF such resnur
exercise Of higher tpteRitlJ Of greater dnsncla
DoihinR IL 1bs eopnefr,s' vo71d which approsco
e., eycn remotel5, the secuttty Of WcE!estah.lan
ed and ptude1siJ mauacrd lie ASSURANCE c1m
rany." The MANAGEMENT Of is4 nnauecs, scc lm1
4pS, 'sse ssen I 20 uss p
HQnl&shle Society. The Original alo1,to0 depostet
| with the Insurance Department ~ d pe,nctusl 10
5scnHts for ne psJWent Of losses, being Invested
Lhfted States bonds, the fntetest on which aout
received by the stockholders, thts security IL Il
tsc, maintained grai1ssonslS- That portion of tn
teia Ell not n ,1r sae uss q ~
1cnt, and gsse the society IL spleald o;lces m
| " rrHs The Remainder Of til t~u millions d
sfseta d Invested th loaIa on hoDd aud mort9ag
on Improved properly worth more Than tioup,
tic anaonnt Of the loans. United States securtuc-
and 10 NeT York STATE aud city bonds, u wn,c
I IL tf1An Il
EtEc. These securities Afr all rrH1sferett; no:lE
| cnn etc1l them their destruction wo1Id iovoIv
tuts oi the current TRANSACTIONS IL tne das, whlc
p&catatIoa Or Acknowledgement cas?a MAKE vi
~1tn. In addlt'on To thus, nil OF the most inu;nl
tspt ni1ars oi The sec'esT Are administered b
coma Ntee+ Of itA plsrctor4 Thus It, 1nances II
*htlrely under the cohrrol Of a comsn1s.ce ot 8,
Dl1sc:WHt Hhichs In coaiuac,loa *aih The pses
Aeat, ha~ the direction Q! a.l Eayc4tmtuka, hot
| permanent and temporary. VI all changes III sue
! lpsrs1Enfnls and y has fhe observation-disclosures (
~ ;uanDcr Ia whtch accounts shall BE- kept TIL
Rsbert Leno1 Kennedy. Pres'den. Ea~l c,,,,,.,
John Aurhnciost, of John aud Hugh hucnlnc,o.
| Kalsaa7 g. Lambert, al Goa c, Nchsrdson & *
Hon @n9n; Dudley 5 Gtnsory. 1erseE City, y. }.
George D. Morgan, "a Exchange Place, New Yorf
| The dulles OF &hts committee are not Meres
uomiual: It meeia u least -four times each cal,
| ffNpAr lhfGl1HlA eI3nue4 all securities In t3etat
md NpoEtx tho financial condition Of the soctct
| to the Board Of Nsec!nrs- ID shf,tou tn th+a
precautlons At ths close q zach 1scal Jeas ther
| II arponteh, ~ virtue 6f the ti.1aws uf tho Al
cietJ, speclnl committee OF i've Directors, wh
are not n. esat'eEs o! The Finance Comatttcc: It
alton Of The accounts and the assets of the socist
and report the SAME III fall To the DIrectpek III
following naned Scnsleacu se1Ecd lass on ID
Satonel VI. To,rey, New Jersey.
John J. Donaldson, FFes1+ Gat Bank Of y, Auue
llnu- Remington +. Randolph. Sew Jetsc,.
Thomas 4. cutnntns, latc Of cumn1,ns, Scau1
conttAt1nR Of nFe, whlch uleets At least once
Quarter, 10 e11nsne and xualt nj accounts an
n*5n etts ptaos ~ each qn&s,erl! nce1inz Of tn
e.s Eo.sn q HIee7osa 1ne committee ROW coz
lion. b +. Randolph, Of JeE,ey CITY, caaiems,
AiSnson Az, n , 1tass, Ct Ct; 4; 4. G. Tsa4k-
SsSa SaS1sa sos1t " 1Gsf1{, si y. = 3a.sss 3s5:ss.
A COMMITTEES Of asc, Fhlch meets monthly {
consult and adSfse With the of1ceEs ia III mattel
| re1atiye to insurance and the adjustment mn
setucIncnt Of clains for losscs, now consists {
Peter Mcl1aEun,1es Filth Nv, cAai1n4..
Thoma. =: Smith, q Smith, Henry snenlela.
| Jonu slade, of lohu slade i ca,
There u also Standing Commlt,ee- xnie
dat1 /. i 70 insest,ssse the tisnd,aa d sppesa;
for agencies, % make appeintments, reconuep
changes, and xasc action ~ cstea wnerr1n agent
may not have ptnyed 10 all respecie sa1ls1actorl
| Ints coEm1ttcc u composed Of Aess1x-
, yalnez ~ Hals,cad, Frat american FFs 1ns, CO
Thomas & Young, OF 7. s. Young Co
Moses 4. Hoppock. oi n. A. tiorpock / Co.
. lfentJ T. Terbcp, Of H. s. TerbelI i Co
Charles J. Martin, lfeet home flre 1hs- Co
: Tues. A. Cutnmins. Evetcls House. =. /.
, It will thus he seen That al ol the fnnz1 tEpo
! tArt departments OF the eoctesy1 business a
| nuaer the direct supervision OF bos!oess men
! / ftf h1ChEEt standing Hnif Rlhntytt1oD
authority and responsibility among iss tnporsal
| committees tnsutes the most prudent manaE
| ment Of The Interests and Trusts tGnnded 10
care, 1t Il pecdltTs to rtDArk that daring the d
: ra,le just closed, ho e1traur,Ina9y txam1nnt1l