The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1856-1888, 1871-04-29
The Mutual Life Insurance Com.
paIly.

Life insurance has become a matter of business, to
as great an extent as any represented in every day
traffic. In purchasing goods men will naturally seek
those places where the commodity they desire can be
procured of the very best quality and at reasonable
rates, knowing full well that they receive a guild pro
quo for their investment in the fneness of the text
ure, durability of the fabric, and usefulness of the
article furnished. No man will pay an exorbitant
price for an article he knows at the time will never
be of any benefit to him but for something tangible,
and in some measure an equivalent, he will expend
any amount within reason and good judgment To
this basis has life insurance come. There has been
some little talk in regard to the lack and falling off
of life insurance business, and that unless there is q
change, it will almost cease from want of patronage.
1t is somewhat remarkable we do not hear this COM
plant coming from f~rst-class, we'll established, and
prosperous Institutions, like for instance the Mutual
Life Insurance Company of New York. This Com
pany is, and has been doing splendidly. We do not
wonder at it in the least, as the advantages offered
by it are of a superior character, and are an illustra-
ton of that which we have already said as to the
case of those purchasing the best commodity. The
&c Mutual > has done splendid business during the
past year, the receipts being $l4, 647, 490,0 2 and
the assets on January LIST, 1871, being $40, 759, 072,-
73. The disbursements were s 7,476 ,657, IT, leaving
the increase in net assets for the year ST no. 1885, 85.
Of the amount disbursed 5000 24, 81, was for
claims by death and maturity of policies paid in
dividends 2,S57, 743,S1, policies purchased 81 $780,
III, 81 entire expenses s 1852, SIG, 18.
The Company had in gross assets Dec. 31st, 1870,
S44, COS, 156, 70. Policies issued during the year
12,463, amounting to $50, 45S, 217 ,08 policies in
force Dec. 3lst, 1870, II ,319, amounting to $685.
01S, 753, 90. After re-insuring all their risks, and
reserving funds for claims by death not yet due, the
. Mutual . had a cash surplus for dividends January
1st, 1871 of $3,053, 22,04.
This is a fine exhibit, and one that speaks volumes
in favor of the excellence of the entire management
Of the institution. To CLEAN some idea of the immen-
sity CT the business transacted by the Company, one
has only to glance at the figures we present here, and
those which may be found more at length in another
column, under the head of the annual statement. 1t
shows that there is nothing e~phemeral about the
Company, but that it has capital, strength and an
abundance of assets, presenting in the most decided
form, that which more than anything else attracts
business and patronage.
The ability shown in q proper investment of the
vast funds Of the Company, is also worthy of more
than a passing notice ; every dollar put out at inter-
est is on property worth three times the amount
loaned, affording q guarantee of substantial safety,
security and responsibility which must be very graft
flying to its policy holders.
The statement of this Company, published in
another part of this paper, is a document we'll worth
examination. 1t viii be observed, that the Company
has loaned S33 ,991 ,421 go, on real estate in New
York city and State, and the State of New Jersey,
worth nearly 500, 600, 900, and have insurance on
the same, amounting to $40, 500, 000, 90. The Com
psny absolutely own United States and other bonds,
whose par value is 81, nc, 558, and the market
value 5,201. 1925.
These figures present a magnificent showing, and
we are pleased to record the fact that a number of
our principal business men have alreaGy secured
policies for large amounts in this Compan!, which is
in every respect the model Life Company of the
world, and little wonder it is that the sensible and
prudent of this community have seen and embraced
its advantages, combining as it does a frst-class in
vestment, a savings bank as well as life insurance.
Mr.. E. P. Adams, of this place is the local Agent,
and Mr.. J. R. Helen special Agent Of tie Company,
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stitution to all who wish to post themselves.
ST. GEORGES SocIETY.-The annual meeting and
supper of this Benevolent Association tskes place
this evening. at the Armory.
ODD FELLOWS CELEBRATIoN.-The MEMBERS of
Excelsior Lodge. of this city, celebrated he Fifty
second Anniversary of the institution of the order in
America, on Wednesday evening last. at thir Lodge
Rooms, on Fort street. A very appropriate address
was delivered by NJ. Raplee, Esq, Which, aside
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