Holmes County Republican. [volume] (Millersburg, Holmes Co., O. [Ohio]) 1870-1895, 1873-05-22
A WESTERN SUCCESS,

Year by year the interest of the peo-
pie in life insurance is perceptiably in
creasing, and with this increase is coup
led growing desire on the part of in
surers to know more of the companies,
their financial standing, what results
| they are accomplishing, and at what re-
lative expense. The annual statements
of the various companies which were
formerly regarded with almost perfect
Indifference, except by insurance men,
are now looked for with anxiety and
are closely examined by large and in
telligent portion of the community. As
a consequence, the companies are obser-
wing more care in making up their an
nual reports, and endeayor to make a
plain, concise, Ineligible expose of
their condition.
One of the most tclearest, plainest, most
| complete, and exhaustive statements
| that has fallen under our notice is that
published by the North Western Mutu-
al Life Insurance Company of Milwau-
kee, Wis. 1t is a handsomely printe d
eight-page document, giving name and
location of the Company, list of the 36
trustees, officers, and Executive Com
mittee: following is the annual state
ment, showing the income for the year
1872 to be $685., 1854 As, the disburse-
ments amounting to 81 ,066, ,1S3, of which
the sum of 81 1885, ,l01 l6 was paid to
members in losses, dividends, ffic. A de-
tailed statement of the assets of the
Company follows, showing the total of
$l2,434527 II, well and securely invest
ed for the benefit of the members. The
liabilities of the Company including the
reserve (acturies four per cent ,amoun
to $10,969,S4 70, showing clean sur
plus over all Liabilities estimated on the
highest reserve known to American life
companies of$1, ,524, ,6S5 80. Estimating
the reserve on the New York legal
standard of AZ per cent, the surplus of
the Company is 81 3SS, ,5l3. These are
very gratifying figures to all members
and well-wishes of the Company, and
show strength and stability exceeded
by no company. - CT. % ----.-- - I-l
The statement further shows the
amount OF new business transacted dur
ing the past year, the new policies issu-
ed numbering 5,772, covering risk of
$13 ,196, ,279, the premium on the same
being $5l4,2 4,27016. The losses incurred
during the year reach the sum OF $780, :
329 81. The total amount paid for los
ses since the organization of the Com
pany is $2,S70,S74 03. This sum has
been paid directly to the beneficiaries
under the policies of the Company, and
in many cases has provided all that was
left for the relief Of the broken house,
hold. M
An interesting statement contained
in the same report is one comparing the
death losses with the interest receipts
year by year, showing how the receipts
for interest have gradually increased
from 1922 20 the first year, to the price
ly sum of $755,467 AZ in 1872, which
would alone pay the losses by death
during the year, and leave nearly $780,
900 to add to the Company's assets.
Still another statement is appended ex-
hibiting the financial growth of the
Company its assets in 1853 of 50 ,334 AZ
having swelled in 1872 to So, ,434 ,527 Il.
The safe investment, ut high rates OF
interest, of the trust funds is another
very important point as affecting the
COmpany's future solvency and ability
to pay promptly all demands that may
be brought against it. In this regard
one of the best exhibits made by the
Company is that of its loans, showing
s., 300. .s9l 13 loaned during the year al
10 per cent interest secured by first
mortgage on approved real estate, valu-
ed at SIS, ,259, ,337, the company thus hold
ing So 5S security for every dollar placed
in loans during the year. The total
amount lent at Western rates of interest
on real estate security of $23 Ass, ,l3l is
S., 400 ,535 13.
Attached to the statement are indorse-
ments from leading journals of the
country, testifying to the high standing
strength, and stability of the North
Western; and fitting finale to the
whole, the Company presents its aims
and claims to patronage in n terse, dig
nified, business,like way, which cannot
fail to carry with it evidences of sinceri.
ty, honesty and candor. Every one in.
terested should procure n copy of this
statement, and see for himself the open
transparent manner in which the bust.
ness of the North Western is conducted
The unexampled progress of the Com.
pany,its prudent and conservative man.
agement. Its favorable location for in.
vestments, and the healthy character o.
its risks, ,all combine to induce the be-
, lief that its aspirations are not presum
, ptuous, Ind that there Is no safer OF
; more prosperous life company to which
to commit the future of ones depen.
dents.-Neio York Tribune.
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