The Idaho world. [volume] (Idaho City, Idaho Territory) 1864-1918, 1870-12-08

| Net cash value. sizes 81
For this cash value you have been granted the Policy
for 500. The above calculation Ia an approximation
taken from general tables that hold IL this Office
| exact calculations only be made by the Actuary
OF the Company. These calculations given you
to show you that your Ideas OF insurance sadly
At variance with the facts aud hgures.
In insHTfHg your property ag1IHa loss by fire.. al
The end Of the y,ar you do mol turn out you do not
sider that the Company did Hot gtrs you raiG> recero
for your noHsy
| You have been fortunate In not dying; but thous-
ands OF others that insured in the Company
have died and your Policy has had to bear its pro-
portion Of the losses.
Trusting this explanation will receive a more cour.
teous consideration than have previous letters.
and that you will kindly refrain from writing dis
courteous letters in the future. are
/ Yours. truly, EvERSOS Il MIDDLEM1sS.
The above was handed us. with the reques. that we
publish the same. by Mr.. J. q. Bryant. one o. our
most prominent and worthy citizens and business
men, and one who bears the reputation Of close and
correct calculator We rely upon his ability to find
the profits Of any business transaction But in this
instance he having failed curiosity has lead us to
try and find It ourself We tried: and a failure was
the result. Insufficient data upon which to base our
cpherings Is reason of our failure. We know
but little about insurance. for the simple reason tina.
we never had anything considered worthy OF insur-
ing But We have been led 10 examine this case, az
we said by curiosity. With Mr. d. we fail to find the
profit to the insurer. and have concluded that "mu-
tua" in this Company's title means somebody else.
or course the figures given those of only agent
who says they only approximate That Is not
satisfactory approximation In this instance relates
to an unknown quantity, and Is just liable to d.
minish to increase the actual value when made
known. The result of this approximation" leads
us to infer less quantity a fnality. Mr. b. has,
according to the letter above gven invested cash to
the amount of $4,000. In ordinary business invest
ments of jointstock character the capital stock il
supposed to remain intact where the business pays
and dividends are declared--the expenses being paid
first and pro rata distribution of the remainder be-
ing made to the shareholders. This Company is sup
posed to be of that kind They have declared their
7th and 9Th distributions. OF these Mr.. BIS share
was $112 10; making total due him of $661 TO- and
the amount he would be entitled to draw ont Of the
firm IL he ceased membership, which, in effect he
desired to do But he Is here informed that GO per
cent of his capital stock has been consumed in ex.
penses RIO per cent per annum and in answer to his
question Of what ID due him for his cash investment
of 1904 added to the admitted dividend Of $112 10,
he 10 informed that IL Ia acorh approximately" t
may be lessl s16s 60 but they kindly offer him the
sum of s3Oo-at venture, perhaps. Where's the
prot7 The dividends will not replace the decrease
In the capital stock, for they only in the ratio of
about to az. Soon two more years. his stock win
be gone and his dividends necessarily cease IL is
hardly probable he can keep even that way. 1t seems
as friend said 10 us the other day: Life insurance
10 game You have 20 die to beat" In this instance
an early death would be the most profitable. At the
end OF eight ten years there would be nothing left
TO die for But then all these remarks are based mp
calculations m " n m vi n m IA
no greater authority In the matter than second hand
right to approximate from either side he chooses.