Rutland weekly herald. [volume] (Rutland, Vt.) 1859-1877, 1873-04-17
Advertisements
from the New York UnderWriterl
Ehe Equitable Life Assurance So
ciety of New York.


az in the vegetable kingdom. Every
forest presents some stately tree that
towers above all its companions, spreads
its roots wider sinks them deeper OF eX-
pands its branches farther than any OF
its neighbors The law of individual
vital force displays its relative power in
all the products of nature. As social
forces also depend for their momentum
upon the inherent power of their respec-
tive organisms, we may be always pre-
nared TO see diverse results attained by
quantities apparently cO-equal, in pro-
portion to their relative expansive ca
pacity. The accepted doctrines of mod
ern philosophy. which teach that IN the
operations of the law of natural selec-
| ton the fittest specimens survive, may
not inaptly be applied TO the study OF
the progress and development of life In
surance organizations. The flttest sur
yivel As the fruit is the test of the
| tree. so is the usefulness of life insur-
/ ance association manifested by its re-
/ suits. There is large infantile mortal
/ ity amongst institutions of this class.
/ MANY have been born within the last
! twenty years, but comparatively few
/ survive. Let us hope that the 1lttest
| will always live. Amongst the healthy
! specimens that have grown up into
/ strength. power and stability within the
| last score wears. the Equitable stands
1 pre-eminent. In the work performed.
! the result accomplished, the capacity
| DISPLAYED. nothing like the Equitable has
! appeared amongst the modern organiZa-
1 lions of this character. Not merely the
| direct results achieved by this company
express the full volume of its action. 1t
NAV Law claim to a large proportion OF
the work accomplished by its compeers
| within the time. The Equitable has been
for the past fourteen years stimulatlye
force in life insurance in America; Its
progressive example was contagious, ana
| many companies, old and young in the
4 country. were spurred into profitable ac-
tivity that would have languished in
barren lassitude but for the prOpellant
power of the vigorous, progressive, per-
s;stent Equitable. When the Equitable
was organized in 1859, the total amount
of life insurance in force with the five
| companies that had preceded 1t IN this
State amounted to about So, GOO, 600,
whilst the annual income of these com
panies amounted to only 81, 722, 1856. In
this wear of grace, 1878. we see by the
annual statement of the Equitable that
this company alone holds in force no less
than S171 ALB. 351, and that in 1872 il
reached an income of IS, 420, 044 So,
with total assets amounting to S19, $685.
/ n53. 20. From a bare 100000 guaran-
tee CAPITAL possessed in July, 1859, to al
most tWecty million collars et assets 10
/ IlTl2, IN InTrI6en years, - al ililiC.as
reach, may we not say an unparalleled
progress: on an average CT overs million
and a half of accumulation per year for
every wear of the life of the company.
Worthy of special note also is the
nrpgnant fact, that in 1872 the Equitable
went ahead of all competitors, old or
new. anterior, contemporary or posterior,
in the amount of business transacted, OF
insurance effected, having insured IN
that rear no less than S51, Gil, 079-close
on a million dollars week for the whole
wear round. Nor was il a year OF much
general progress il this business. Not SO
much for proof of power in what II has
dole as for an Indication OF its capacity
even greater development do we
for - this remarkable achievement
dyroII 'tsble The capacity is eYi-
of the EquL W neH q 80 li5sg
c .o,, ercb = largest amount
-dence as TO transact tn VIZ - -
of business in this line, iioh
metes or bounds to its future Z. new
philosOphic axiom-the fittest survn
Evidently the Equitable must become
the great company of the future.
This is not merely an institution TO
relieve poverty and distress, to shield
from pauperism, as some writers would
have it. The Equitable has a higher
plane of action. 1t is a guarantee bank
for widow and orphan, securing them
against distress, perpetuating culture and
protecting society from retrOgression.
Its function is of the highest public i'm
port As a conservative agency in so
cial life its value is immense. It is
largely trusted it has largely repaid the
trust. Already within the first thirteen
years of its career it has been the medium
of distributing, principally amongst the
families and kindred, but betimes
amongst the creditors Of its members, a
sum exceeding seven and half million
dollars paid out for death claims. be-
sides returning dividends to the cash
value of So, SS1, BOB. 80, making a total
payment to policyholders of S14 407,-
sol SO. Now il holds an adequately cal
culated reserve of S17,074, 963. 03 to be
applied as occasion will demand IN the
like manner. This is the present value
of all its obligations, and over and above
that sum the society holds a surplus of
two and a half millions applica-
BILE as prudence may dictate for
dividend distribution amongst the
members. On this occasion we
prefer to deal rather with the general re-
suits of the triumphal march of this
company to dwell upon the close details
of arithmetical analysis. Yet we may
observe that in the year 1872 the state
ment shows a gain of three and a half
I'LL ~s14,,
Even a cursory examination of the as
set account, as given in the statement,
will show that the realized assets, eX-
ceeding eighteen millions, are held in the
safest forms of securities prescribed by
law. Happily for the continued success
of the Equitable, the management has
remained without material change in the
same hands from the start. The men
who were at the helm when the young
barque first stood out to sea now guide
the course of the stately ship as she
keeps ON her prosperous voyage, freight
ed with the welfare of thousands. With
the consciousness of success comes that
conservative sense of responsibility that
guarantees continued prudence in the
management of a life company. As
Emerson has well observed, no speech is
of much value unless there is man be-
hind the speech. So we may remark of
life insurance statements and reports,
that no matter how large may be the ar
raw of figures presented, or how grand
the pomp of plans projected, they are
of little avail unless there are full grown
men behind the figures, and the plans to
give them vitality and ensure TO them
safety. Both in the direct management
and in the veteran corps of inyincible
agents sustaining it, the Equitable pos
sesses the material elements of perna-
nent success. Let all sincere lovers of
sound life insurance cheer it on its way,
give it the potent measure of their good
will, and endow it with the wealth of
their unbounded confidence.