The Superior times. [volume] (Superior, Wis.) 1870-1912, 1871-04-15

T. J., a 4. Mccoy. lf0,WUl Robert Tannahfn, $1,000
4 b Cornell, l2500olJ Wheelwright, $4,000
5a$s b55s.s $s5$;ssI .
Elisha sniffen, 75,O0oI A. Studweli $4,000
a T. 81 ewart, 100000 c. J.. Morton, 10000
Or, Brandreth, l0O,O0OI f. B. Rudd, $1,000
William Foster, 10000Ol is Jankus ~ 0o0
II W BeecheI 100000 Andrew Campbell, 10000
Cyrus Cyrus W Field, oeool William NJ Tweed, $4,000
FHSR14 as5 5fss 1859 BassSs'sa $$
Homer Morgan, 100000 r. D. Woodwertb S0gO
Warren Ward, 100000 ]. NJ Goburn 10000
u IL kalbtleiseh, 100000 r. W. Haett, $4,000
Why do these solid and successful business
men, who have proved their financial skill and
good Judgment by practical results. invest 80
largely III 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 profitable issue
But II such men feel and acknowledge the
vast advantage 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 III 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-
ylded for his family, who has left them to the
risk of poverty in the event of his death?
Life insurance Is a Savings Bank which Sc
cures to every man who avails himself of it's
beneficient aid, that he shall leave an inherit
ance proportloned 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
slf1, SNt1 ,YeIy
man has the right to expose 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 d well-known gen.
teman has suddenly died, while IN the midst
OF fun health and apparent success by an ac-
cldent. 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. 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 premi-
UNI, and you may repay me when convenient
No, he felt no fear. In three DAYS from that
tAiiC ~ No' t'p t'tt'T liC Voc anu iAs WlJOW
destitute
Every one admits the advantages the bless
ngs conferred by life insurance, but thew COM
plain that they cannot afford the expense. and
so try to excuse themselves to their consciences
for what 1hey already know to be a neglect of
duty. But it Is not true of any young man in
health and with the possession of his facul-
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 q large
sum, but certainly he can for small one. How
few men of twenty-five there are who do not
spend for unnecessary Injuries, more than
twenty-five cents day yet that amount viii
insure a man of that age for more than Sc 600
IN the NORTHWESTERN MUTUAL LIFE INsJskANCE
CsMPANY, which Is one of the best and most
desirable constitutions to be found in this
or any other country. The success of this COM
pany has been truly notable. It's 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
4. Northwestern" Is purely mutual company In
which all the members are partners and al 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
hte insurance company is that of expenses.
Large expenses undermine a company, but
with small expenses, carefully selected risks.
best results are obtained.
The conspicuous economy practiced 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 year 1870 of sirty-njne life companies of
the United States This ratio is for all arorf-
ing expenses of the companies including death
losses. and Of the entire list but three have
lower ratio than the " Northwestern " This
table gives the ratios thus
Mutual Life of New York . "a 81
Economical Mutual ..............2 6. 76
Charter Oak ACKNOWLEDGEMENTS. 26 90
Northwestern. OBSERVATION-DISCLOSURES. .27.80
BENG Western company they are able safe
~ TO lend money on strong security at ten per
cent. interest, while they keep a reserve cal
culated at four per cent. interest. 4 sum of
money invested for fifty wears at ten per cent.
compound interest viii 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 III 1859 to Jan. l, 1871, is 81, 692.
$3.50, of which SAT-, 0S511, were paid during
the year 1870.
Its total income for 1870 was $3.50, 37O.07.
and its interest receipts were $3.50. 707.36. Du-
ring the year 1t loaned on real estate security
worth two to five times the amount loaned.
81 400, 10000, at ten per cent. interest. It's as
sets are nine milton dollars. Whatever sur
plus remains after the expenses and losses of
the year are paid, and 2 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
he has furnished toward making it. This is be-
heved to be strictly equitable, and is the plan
adopted by most of the Oldest and best compa- /
MES. note viii be taken for portion of the |
premium, or, in other words, The company viii |
loan portion of their assets to their own |
such loan being fully secured by the |
value of the policy This is a very /
good investment for the company. and per |
fectly safe, and oftentimes it is an advan. |
ta6e to the insured. 1t enables the insurer to /
obtain a larger amount than his cash pay |
ment would alone procure and if he dies early !
the family gain hvy1t- If, on the other hand, |
turns of surplus, he can do so. There are |
many persons who need large insurance at |
The beginning, and for them the note is an ac-
Take it all in all, there is no company which |
offers greater advantages than this Giant of |
he West and we advise everybody to examine |
carefully it's publications, where all the infor-
nation is given which can only be limited at in
our present space.
INLondon every eight minutes, night
and day, somebody dies; every five |
minutes a child is born. This great
city contains as many people as the
whole of Scotland, twice as many as
Denmark, three times as many as