Evening star. [volume] (Washington, D.C.) 1854-1972, 1871-06-03

n
snce companies which have been orgauized
within the past few years, any ofhcer OF agent
can Point 20 several which, although thew have
Annually returned . far show OF business q The
insurance department.. are really no further
advanced in accumulation Of solid assets sni
policies In force, than az the end OF the first
year. Al theu operations are feverish, spas
modic and inflated. There Is neither compre-
henslveness OF plan, nor indici0us attention 20
de all. scaDdsl0us ratio OF expenses and
large amount % spses and sarrenders, leave
year In and year cut
The Anchor Life Insurance Company. Of New
jersey, principal once st No. 10 BrOad~ay,
though still among the younger companies, hiss
proved sn exceptional instance OF marked suc-
cess-such success ~ can only be achieved
where the officers Of a compsny are not only
thoroughly experienced in the husipess az ~,
Insurance, bat are untiring workers; men. too,
who know the outside world, and can effect
nesS-the organization CT an Efficient cOrps OF
SCENTS. The third annual statement OF this
office shows that at headquarters the officers
know their business, and do IL thoroughly We
following items, indicating the cOmpany's ex-
tTHordnsry progress:
Policies issr ed In lSte............ I.T0
issued In IS7o.............. SIPS
Amount insured ia isCS9............s5on 5 41o ~
- insured Ia 1870 ............ I. I5i. IsS 90
Premium income IN isG9............ ls4.5I9 IS
Gross assets January I, ls7o........ 25s.oS7 y
Eli. 3si.0S2 -
4
ofincrease Of business Tor iSse than / Indicated
by THIS eptome OF solid accretiOn.
A. the anTusl meeting of the board OF dircc-
elected.
Ii is no Insignificant indication OF the large
confidence which the Anchors bOsrd OF direc-
tors repCse in President Fisher and the future
OF the company, that they resolved % d0ublo
The capital stock, increasing a 20 S2l0Ull, aud
that 80 eco OF the required addition was taken
We should not omit 10 mention tnat the An
Choir IL among the OF ces which have UNDERGONE
q personal examination by Hon. Gee ". AIilier,
superintendent Of the New York Insurance de-
partnent. We have seen Mr.. Miier's letter
addressed 70 the oihcers Of the company since
the examination. IL Is hardly necessary TO say
test u 4 lot oniy satisfactory, but highly COM
Since the first regular practice Of life insur-
ance, many important changes and reforms
as possible whatever advantages the business IS
capable OF.
We have space emily for a brief reference to
three new features adopted by the Anchor. In
ordinary non-participating life policies assur-
ants sIe given the advantage Of . rate OF pre-
MUM lower than In any other participating
deDd OF about Is per cent. In advance. Ihis pro-
vision is Tor the many persons who " IN continue
10 prefer policies requiring much 10 ser annual
rates, coupled with the expectation OF pToaisa
Of a "ciyidend."
IL needs no argument to show that II an as
chihbS polCl Dtu a dividend 10 should
at once become his personal property, not an
aPpaDage OF the policy or dependent upon its
continuance. The Anchor Life took step in
advance OF al Contemporaries when II introduced
into its organic practice the law aud custom
that the dividend on policy once declared -
non forfeitine; no policy being allowed to lapse
until the dividend lie cons med In continuing the
same in force. Or, IL discontinuance OF tie
insurance Is desired, the cssh value OF the diyi-
dend will be given id paid up policy.
Under the Supervision OF the well known ac-
V II. 4 "a
time ago adopted plan which gives to the pol
icies OF its assuraDts defntte caSh surrender
udite, ard they can st any time compel thu
company 10 pay them the same; each policy
having clause inserted 10 that effect.
The past history Of the Anchor Life Is the
only guarantee the public requires that ats la
boricus and popular president, aided BY high
ly influential and vigilant board OF directors,
VIII continue 10 keep the company fully abreast
OF the times, By q safe progress and the most
equitable practices known 20 the benigceut sys-
TEN OF American LIE irlsuranca