Mineral Point tribune. (Mineral Point, Wis.) 1869-1938, 1871-04-06

A. I. Stewart, lU,W0 =. L. norton 5,0oU
Dr.. Brandrcth, 10000 F, B Rpdd $1,000
William Foster, l09,00o Js. Jankus, ba,Hn
G;rS. Ref Ms iS ss N ApSisw Sr%P assd
HENRY Henri j Hss: 1885 1895 yhlHp f Sssp'
G. X. Hamilton, loo,ooe G. Delmonico $1,000
f. b. Sutton, 10000 David s. Ogden, $1,000
Homer Morgan 100000 r. ID. Woodwortn, $1,000
TrErf R, Wsd 1899 ISSS f HsIlsp s
Why do these sohd and successful business
men. who have proved their financial skill and
good judgment by practical results invest SO
largely in life insurance? Because experience
has taught them its value in guarding against
dangers to which all men are liable-the danger
of losing accumulated wealth by some stroke
of misfortune, and the danger of dying sud-
denly with affairs so conditioned that no other
hand can carry them to a profitable issue.
But if such men feel and acknowledge the
vast advantages of life insurance, how much
more strongly do these benefits commend
themselves to those of moderate means, and
even still more to that large number whose
fortunes are In the future, whose loved ones
are dependent entirely upon the continuance
of the health and life of the head of the
family.
Can any insurable man be said to have pro-
vided for his family, who has left them to the
risk Of poverty in the event Of his death ?
Life insurance is Savings Bank which Sc
cures to every man who avails himself of its
benefcent aid, that he shall leave an inherit
ance proportioned to his productive power,
whether he dies tomorrow or lives to exercise
that productive energy for long life time. No
other institution does or can do this There is
no other way in which young man starting
out in life, can be sure Of leaving his family
provided for at his death. OF every hundred
who attempt to leave an inheritance from the
successes of business, not five succeed. No
man has the right to expose a tenderly nur
tured and dearly loved family with no protec-
ton but the small chances, practically much
less than five in hundred, that he will be one
of the successful ones.
Within very short time a well-known gen.
tleman has suddenly died, while in the midst
of full health and apparent success, by an &C.
cident. The gentleman's success depended
upon carrying through certain matters which
he had in hand. His estate is bankrupt
Thanks to his wise and loving forethought his
widow and children are provided for by the
proceeds Of his life policies. Not long since
Gen. b. OF our army, calling upon friend to
get his pay for the coming month cashed. was
invited by that friend to insure his life. He
was in splendid health, and always needing all
his money he thought he could not afford it,.
But, said his friend, will pay the first preni-
UNI and you may repay me when convenient.
No, he felt no fear. In three days from that
time it was too late, he was dead and his wild
ow destitute.
Every one admits the advantages, the bless
ings conferred by life insurance. but they conf
plan that they cannot afford the expense and
so try to excuse themselves to their consciepces
for what they already know to be neglect
of duty. But it is not true of any young man
III health and with the possession of his facu-
ties, who is fit to have any responsibilities at
all, that he cannot insure for something. He
may perhaps not be able to insure for large
sum, but certainly he can for small one. How
few men of twenty-five there are who do not
spend for unnecessary Injuries, moro than
twenty-five cents day; yet that amount will
insure a man of that age for more than $4,000
in the NoRTHwEsTERS MUTUAL LIFE INSURANCE
COMPANY which is one of the best and most
desirable institutions to be found in this or
any other country. The success of this COM
pany has been truly notable. Its growth is
healthy as well as gigantic. Its policies are
not large, but are held by those who need such
protection the most and who are also the safest
and best risks to be associated with. The
Northwestern" Is purely mutual company IN
which all the members are partners and all are
equally Interested in having healthy associates
and in having the risks well scattered. All
these things are important elements of
strength One of the most vital points about
a life insurance company is that of expenses.
Large expenses undermine company, but
with small expenses, carefully selected risks,
and large interest on Investments, the very
best results are obtained.
The conspicuous economy practlced by the
management of the Northwestern" is best
shown by the Spectator Life Chart for 1871, "
which gives the ratio of actual expenses for
the wear 1870 of Sirty-fllfle life companies of
the United States. This ratio is for all rork-
ing expenses of the companies, including death
losses, and of the entire list, but three have a
lower ratio than the " Northwestern" This
table gives the ratios thus:
Mutual Life of New York ...............N.6 81
nj, 4
Charter OAK. ........... .........'''.' 20 %
Northwestern. ACKNOWLEDGEMENTS. u . on
Being Western company they are able safe
" to lend money on strong security at ten per
cent interest, while they keep reserve cal
culated at four per cent. interest. sum of
money invested for 80 years at ten per cent.
compound interest will yield more than SIX
times the amount it would produce at six per
cent, and nearly five times as much as at
eight per cent. Another essential point Is that
an insurance company shall be well managed; ;
and in this respect no better can be found, and
the remarkable growth of the society is doubt
less largely owing to the general confidence
felt by the people in the managers.
The total amount Of losses paid since the
organization in 1859 to Jan. |, 1871 IL 81, G92,-
S5G 80 of which SAT-, 0S511 we're paid during
the year 1870.
Its total income for 1870 was $3.50, 37007,
and its interest receipts we're S4bO, 1885. Du-
ring the year IL loaned on real estate security
worth two to five times the amount loaned,
Sl400, 000.e0, at ten per cent. interest. Its as
sets are nine million dollars. Whatever sur
plus remains after the expenses and losses of
the year are paid, and sufficient amount re,
served to meet all future liabilities, calculated
with interest at four per cent, is returned to
the policy holders. This return of surplus
commonly called the dividend, is distributed to
each member according to the amount which
la ba furnish I toward making ii This is be-
Geyed to be strictly equitable and is the plan
adopted by most Of the Oldest and best compa-
MES. A note will be taken for portion OF the
premium, or in other words, the company will