The workingman's advocate. [volume] (Chicago [Ill.]) 1864-1877, 1870-02-12
OPPIon oV TEE
rRAvELsRs INSURANos COMPANY,
HAEsTOHD, COon January l, ls7a


10 Qua AsEErs:
We send you cordial Nsw Year Greeting, and invite
your attention to q brief review Of the past twelve
months.
In eommoa With other Life comp Inies, We have
encountered dmealtes Ia the suceessfai Work'ags
Of life iasarS nce. among which ws may mention
general and long continued shngency In
money AAtters. the gssdasI deeIine Of vhuss
from nensOus TO q gAd bsaA the sharp com
petition FOR neR Business, A74-ln some qusxters-
disturbance Of the pablo e1aadsn BY the fIurs Of
certain krglish comp Gnies, for nsrA
derssood BY the people. fI appreciate the Ct
such catasrophes made 10 this
try BY vigilance Of tAl sapsrvisiOn and
scrutiny.
We nnmin 1fdl Of the fact that she TaAVsLER
ln having tso dep uents OF badness, either Of
them airn great tsef, energy aud ability Of
Ageme & makes sKtraor din Try demands toe
lions Of an Agent; but. time, Il affords .
larger ScUpe for pucesssfal effort.
The fact that the raAVsLsHs chose to enter the Aed
competitor for fall Life Aad ado insurA ncs
has led etnI agents. active friends,
asssil and depI eeiats Life PAW. while con
inuins 70 pItrO nIz, iE as Aeedsa npLny. when
10 Demonstrated 10 the pub mi the fact 10 silly
proved prud snty Assd accident sine 10
eemsnt Of strength rather than knss this kind
Of opposition Sill cease Il viii b. ouod that the
departments help each other.
In % equitable adj lstm snt aad paymsnt Of many
thousand cIms Er fatal nj airy, Gin Add TO all
deaIh lOssss, Il Is surprising that nOn dderable
Aumber snauld i'm perfectly uaderstAnd the
accident Insurance. the Limitations 70 wGich IL Il
necesaIlly suhec Mt only 1ss frequently happen
that there is hInsss dGsrsne Of opinIOu between
he clamAnt AMI she 1Any, however nOerally dis
posed the Iatss- ~ be, but OcSasoaAI At
te@pts made - obtain m Iney frsuduenE!y. Aud the
man ~ho n content with . fair Adjustmeat 10
i0cllnsd express his aissa actOA With less
vessasnes, wnIle the nundred shO perfectly sss.
Aed sy noshIog sOOutit. rne company Ans 20 sdjass
eIsm iy and oeray. according 70 the o Iris
contract bit Is IL not la hu nature tAAs Is
can b. done In nearly twelve separate 7ssAn
ess wiskest some fric lon.
We enumerase these several drawbacks 10 the easy
and saees~ul working q our ms Aocs, that y1a may
know we understand and appreciate them. We expect
wish dinculries, and % conaasr tue n. rhs
greater obstacles to overcome the greater the tri'
umph.
It 10 with slight feeiog Of ratnsstlOn, therefore,
that ws announce success al and prosperous badness
for the year 1859.
In the Life Department 1891 new policies we're writ
tsn making the whole nuabsr for the three year and
half slnce t vas organs d. 19I5 rhs number Of life
policies nov In force Is a1s4 insuhng s0eso.Os0 The
percentages OF policies Apsed not taken. OF Otherwise
terminated 10 large IS 10 all LIE companies, but be.
low the average There are Is Losses BY d.ash, dur
Ing the year an Jantlng sSSO0O. Net prswiun re-
esipts OF the liz department, ell In cash. $751; %.
~ lagds n
dollar Of the life department funds bsen used, but
all securely invested % reserve fund. The moderate
dividends paid ockf odsrs solely ro0 earnings
Of the accident Department. while frnlsh life insu
rance for premiums from thirty 70 thirty nVe cent
below the high ccmpar a all times ready
70 challenge compsrsoo 10 ths security provided for
policy holders.
In the Accident Deparsms Ut, 5S7 general accident
poIicies we're written, on which the net prsmiu@s
ceived were sS71 TIA %. there paid ltSl csius
for death OF injury By accident accounting TO slsSso6
o. OF these q Ter fatal and 1iAs for nonfa4al
injuries The who'e number Of accident policies wrttsn
se 10 de Of l7eQoO the number Of claims paid
nearly oOo and The whole amouns thus dsburssd In
bsnenS 70 policy holders 10 about 81 .1lC.oOo.
The receipts Of the Accident Department for 1891
larger relatively than for 1885, while the losses
der is policies saey showing bstter sslectiou
ofEisks BY the Agents.
The cash assets u the TRAvELERs the 8lst DAG o
December last, amounted 70 81 ISL, on OF. After do
ducti all liabilities Of Whatever description AMI
serving fund sucant to reinsure every outssAndinl
policy In both departments aesorng to the New Yorl
standard Of reserve the net remAtBins eo0s
SO TO- Excluding the paid up capital stock Of $500.
600. there still remains clear surplus oil
e1oo. $40 10.
Will toe fsAvsLBas 10 maklOg good and Mie pro
grese 90 Life compsey, IL i enjoys the distiacsc
Il being not only the Oldest bat the e~ly accident
peny writing yearly pOlci-s and Of having placed cha
dimcuit branch Of underwriting upon 20 enduring an
remunsratve basis.
FOR these resots We acknowedgs the faithful labor
Osour large and energetic CORPS Of Agents. We hav
been thus iulI snd ezpic T. our showing that the
may fairly uDderst~nd aazss Of The company, an
share In the jass pride Sse in he large measure
success
We wish 10 psssk hus.ness-both Life anl Accideu
in this year Of grace 1870. An ncrea,e OF twsnty
nVe or my per cent cou probably be Sds, BY extr
exerien, at each agency This would yield an sggeS
sats gain that would prove profitable 70 the Agent
81 emse'ves, aud scrm . Of solid grAtncauon