The Manitowoc tribune. [volume] (Manitowoc, Wis.) 1866-1878, 1872-12-19

LIFE 1NsURANCE.-We copy with
pleasure the following from the Iaco
RiUer Chronicle
CHICAGO LIFE INSURANCE Co.-Goine
into the post Office the other day, we
happened to meet Capt. Isaac Wood,
special agent of the above named compa-
ny, who'has been spending few days in
Two Rivers. He gave us an outline of
the plan of Insurance adopted by this
company, the most novel and, in our
judgment, the best features of which are:
first, premiums received in cash second,
dividend annual from date Of policy third
policies and dividends are non-forfei.able,
and fourth, profits divided among the as
sured on the contribution plan. To Sc
cure the proper workings of these several
good features, stock company, compris
ed of some of the best names in Chicago,
was formed in 1866. charter procured,
which prohibits dividends to the stock
holders of greater amount than legal in
terest on their stock, and requiring the
profits to be divided annually among the
policy holders. No salaries are paid to
the officers, and while other companies
are apparently rivalling each other in the
payment of large salaries and extrava-
CANT expenditures for offices, furniture,
&C., this company practices In these re-
srects the most rigid economy, enabling
it to pay dividends that in few years
will amount to more than the premiums.
This company also aims to establish in
every town local board Of reference and
advice, having its resident president, Sec
rotary, medical examiner and agent
Such board has been formed at Mantle
voc, composed of the following names.
any one Of which is sufficient guarant &c
that this company has merit: G. w.
Burnet, President @. Even, Secretary;
j. f. Pritchard, Nj. b., Medical Exam
liner E. K. Rand, Agent Guy Miles,
J. S. Anderson, E. s. Sherman, Ira p.
Smith, W. A. Place, F. Borcherdt. A.
J. Patchen, F. Mulholland, j. A. Koch
Ter, Jasper Hanson. P. J. Pierce. o. r
Bacon, Z. Conway, E. H. Rand, Hugh
Morrison. H. M. Scoye, and others.
Capt. Wood is genial pleasant indi-
vidual, well posted in all the matters per-
tanning to his company. and, We believe,
is calculating to spend several days in
Two Rivers we derived mich valuable
information from him in our interview,
and cheerfully commend him and his
company to the favorable consideration
of those of our citizens who may have
the pleasure of meeting him.
Some one has said "a life insurance
policy in good company is as good as a
Government bond If this be true,
there are very few in Manitowoc county
who are not able to be holders of good
securities, or who. by foregoing some un-
necessary expense, cannot save the an
nuai premiums on a policy which will
either secure them a moderate income
while living, or make comparatively suit
able provision for bis family in case of
premature death.
We have since learned from Mr.. E. K
Rand, the County Agent of the Chicago
Life, that Local Board of advice has
been appointed in Two Rivers consisting
partly of the following named gentlemen:
DIR. John Oswald, Medical Examiner,
Fred. Eggers. Local Agent, r. Suettin-
ger, H. Courchaine, U. Niquette, G. W.
Kessmann. A. Keser, Fl. c. Buhse, E.
H. Young, Brad Smith. E. Niquette and
B. Rhodes, and others, 'a!l Of whom are
perfectly reliable and the best evidence of
the high estimation the Chicago Life Co..
enjoys in Two Rivers as well as il every
other locality where it is known, We
congratulate Mr.. Wood, the genial Gen.
Agent to his we'll merited success and his
company to the sagacity in its choice of
active members.