The sun., 1873-08-23
rHE MUTU4L LIFE AND EOUITABLG n
LIFE INsURA COMPANIES.


We regret exceedingly to see the noble
position and record for Truth and honesty OF the
old Mutual" sullied by the publication Of in
judicious and untruthful editorial advertise
ments rejecting upon one Of our best com
panies we mean the Equitable Life Insurance
Con paby The spirit of such ill-adNi-cd publ
cations is highly Objectionable alike to all COM
panies, and especially the Equitable. because Of
the inter lei representation conveyed.
The Equitable is as purely u "C1UN company
O. any In existence, the stockholders being en-
titled to only SEWN rtH CENr I>TrRtsT oN
gnEiR carr ST. erOCN Of unlv $1,000 the law
wisely pru,iding that managers ~ the trust
funds - lifc Insurance companies shah have
some p'r@Hdl interest in their welfare, economy
anu success. and therefore compelling the
stockh elders ~ all companies to deposit At
least ti OUn ~ their own capital with the In ur-
ancc Department fore they are allowed TO
assume the hilhly responsible position Of the
economical management Of trust funds. The
officers II the Equitable did depusit this pledge
Of personal integrity and good intention, and
no one can say that the r.-k aud use of SlOoUO
60 insure the safety OF new company Is Mt
worth seven uer cent. interest rhch ii earns.
The Equitable" is a purel, mutual company in
the stficest sense Of the words, and Is 50 rccog-
nized Ly the state insu aucc officials OF all the
States. To see the opposite SO continuously
paraded before the ubiiC through some uf the
daily Journals at the instance OF any company
is we think. highly repre- lcnsibl'. We are
sorry such iniudicious publications have the
sanction OF the honorable gentlemen composing
the hoard of officers 81 the Mutual Life. 1t
should he stopped, or the public, including the
whole Insurance interests will properly infer II
60 he the result of an intended wrong arising
from jealousy.
The Mutual has attained a position which
should raise II above oven all mistakes, not to
say the envy or jealousy Of Others. Its officers
should excel in hon, rable generosity toward all
other cumpanies all e'ug engaged a. they are
fn the great and good work Of providing for the
future dependent widows and orpans Of
America through the wise precaution Of life
Insurance.
The compari.ors sought TO be inculcated hy
Che Mutual NJ prcju iicial to the Equitable, in
recent article>, which the pub ic will at once
see originated with the Mutual, II not contra
drted hy that company. n,t true, and for rca-
SONS self-eyid' NJ to all insurance men, and
should never have been published.
The Equitable is on fourteen years old. and
eIcels any company In tho world. Of its age iur
its unequdled su cess. This success ought to
be a sourc, OF rejoicing IN he rart Of the Ma
tuai. thirty years old. cvi lencc IT the in
Crcasing q. nid,uc. and arYrec alton of the
public in the hlc' -in - of n -urancc. instead
Of being a cause II jcalnrsy and envy. 20 he
shown by al ust and ultruth u publ 'a;lons
put forth to the manifest injury Of all com.
panits.
We do no, now expose the sophis'ry OF the
companions sought 20 e fab.. she'd agaius,
the Equitable la favor OF the MdtuAl. though
this ia quite manifest To- tie careful reader; bui
We greatly deplore this attempt to mar the sue.
cessful efforts 4 the Equitable, which should
be the pride. instead Of the envy, of all we'll
managed companies.
tor instance, while tho new husness of the
Equitable during l,,a wa si,.>,t'7> at an ex.
rense II management Of sl,.1i1sl, the MUtA
only secured $>.d.V.-=!, a an ,xpense Il m an
agcmcut ~ ;l.5l,.lu, a d ference In amount o'
new business IN favor II tue Equitable Of tlg.
2Sjiji, and 4 siit2' Of EXPENDITURES; whereas
the percentage Il au old company. equally wei
managed, -Lou d re 'css tH.n a new one.
Although the rev bu.ines- Of the Mutual Wa
only $1,000 90, aud that Of the Equitable owe
S,7uv',Duo, Vet the eXp ID. rc foe salaries o
officers aud erks ot N" Nut a was saN;Ui
while that of the Equitable. including agent
and managers, wa on, .jj,,ij.
s. while the new business of the Mutual wa
over $4,000 less than the L iDitaule durn
H. YET the commi -iuis pali by the Mutua
wer' 1,iC4 and those OF the Equitable sGll6,;
Indifference gni1ctnty In favor Of the Equit
hhle " .ii,f,'; AID yc' cacI Of these fact, L. ST
stated a- 90 appear in f.,,rof the Mutual an,
against the Equitable. We could extend IN
comparison, hut do not at pr, sent deem
necessary. The ab we is .ufficicnt to show IN
Objectionable features Of the 0upari-ons con
tanned in The artlce p.bished Ia the journal
alluded To-.