Rutland weekly herald. [volume] (Rutland, Vt.) 1859-1877, 1873-05-01
LOCAL BUSINESS NOTICES.
THE Eoy,TABLE TRIUMPHANT.

An agent of the Mutual Life Insurance
Company, who seems TO fear some harih
tn his business through the public en-
dorsement of the Equitable Lite Assure
ance Society by the leading citizens OF
Rutland, has resOrted to IayoIits
course among those poorly prov,l,aiea
with good arguments, VIZ, cailing
names. In his last sensational caro-
after parading some picked speclal CASES
which prove nothing Git being entTeiy
practicable to show up the Mutual LIE
by similar picked cases., and AFTER omit
tino to disproye the fact already gwen
bv me. that the Equitables Iontine
policies are earning heavier dlyidehds
| than ever have been or ever can be de-
cIared bv the Mutual, he proceeds 10
charge that the policy holders IN the
| Fouifable have been "humbugged! MOI
considering for the present the taste OF
tbe gentleman in using such terms, let
us see whether his own uncalled for at
tack upon the Equitable Life is not cal
culated to mislead.
THE FACT STILL REMAINS UNDlSFC led
that the Equitable Life Assurance 90
cietv has earned and reserved FOX
FOfTR PER CENT. on the premiums
nald on its life policies and FORI
PER CENT. on endowment policies,
which have been issued within the last
| five wears on the ToNTINE PLAN.
The following certificate of a distin-
guished expert is proof of it:
sI have made the necessary eXamlna-
tions to verify the foregoing statements
and do hereby certify to their accura-
CIV, SHEPPARD Romans,
Consulting Actuary.
New York, April Is, 1873.
The fact still remains, also, that the
largest percentage of dividends, pub
Iisbed in the Mutual's picked cases is thir-
two and one-half.
THE FACT is THUS KEPT CLEAR AND
PROMINENT that on this comparison, the
difference IN FAVOR OF THE EQUITABLE
is eleven and one-half per cent
The intelligent people of Rutland
would prefer to insure in a company and
on a plan where the profits will average
high. right straight through, than in a
company and on plan where selected
cases have to be dug out to prove their
advantages.
The knotty point for our neighbor is
the Tontine plan of the EQUITABLE,
which is carrying everything before 1t /;
and no more decisive proof of its pop
u1arity is needed than the virulence with
which it and the great EQUITALE are
attacked by such rivals as are willing to
take the iniative in public detractlon OF
those more successful.
The subscriber is a peaccable man,
bent simply upon extending the adyan-
taees of the great Society which he
feels it an honor to represent, without
unnecessary comment upon the peculiar
/ tiles of others but, if the representa-
tive of the Mutual Life exhibits ten
dency to push his controversy to eX-
tremes, the undersigned may be COM
PEELED to 90 into particulars in regard to
the Mutual Life which he would prefer
and will cndeavor to avoid.
The less said by Agents of the Mutual
/ Life Insurance Company about ExPENs-
Es the better! The fictions of book
keeping by which the income Of the
company IS made to appear large, and
the ratio of expense correspOndingly
small, would be interesting reading to
the policy holders If the agent will
write to his home Office, the officers of
the Mutual life can explain these meth
DDS to him, although the prediction may
be ventured upon that THEY WILL NOT
/ DO so.
If the practical working" of the Mu-
tual Life Company's Tontine Plan was
luxurious and inequitable," as their
agent says it was, their judgment was
bad in the introduction of it. The Ton
tine Plan of the EQUITABLE SOCIE-
TY-which, by the way, is widely diff
ferent from that once attempted by the
Mutual Life-has been most advanta-
geous and satisfactory TO the policy hold
ers, as shown above, and is now
THE MOST POPULAR FORM OF ASSURANCE
KNOWN
The following exhibit shows the num-
Der of business years of each company.
the amount at risk January /, 1873, and
the average annual growth of such
business, from the most reliable pub
lished reports.