The true northerner. [volume] (Paw Paw, Mich.) 1855-1920, 1873-08-22
| Advertisement,

| The charges brought by Mr.. Romans against
the management of the Mutual Life Insurance
Company, OF New York, have not been sus-
tanned by the facts az brought out by impartial
investigation. 1t is possible that personal feel
ing has too much to do with this matter, al
though it is to be sincerely hoped that the
enemies Of the Mutual are not actuated by
motives so unworthy and reprehensible. The
Pitrsburg Commercial recently had 4 we'll
tempered article upon the controversy, which
We reprint to-day.-Chicago Times.
THE LIFE INSURANCE QUESTION.
The public are being treated to new phase
| Of the life insurance controversy, and there is
| much discussion OF the question OF the actual
| cost OF insurance. Ii will be remembered that
| some time since the Mutual Life Insurance
| Company Of New York, the largest life COM
pany IN the world, contemplated the propriety
| OF reducing the rates OF premium Certain
| other companies claimed that they we're not
| able to make the proposed reduction, and ques-
| toned its ACCESSIBILITY. these life companies,
| composing the so-called CHAMBER OF Life In
| surance," organized in opposition to the Mutual
Life, claim and publish their ability to do as
well for insurers, make as large dividends. and
| give as good security as this Mutual Life.
They show long tables illustrating the workings
Of their dvio end BY stems for period OF twenty
| to thirty years when in fact they have all been
organized within the last decade, and borrow
| tbeIr hypothetical figures from the experience
OF the Mutual. IN the face OF these presump-
tuous claims when brought face to face with
the necessity OF reducing their premiums IN the
same proportion as proposed by the hu'usl
Lie, they declare their inability TO do 20 and
sustain a safe reserve
The Mutual Life Insurance Company. OF
New York. asserts it's proven ability to reduce
its rates. and there Is no question OF that abil
Ity and OF the desire OF the policy -hold-rs aud
the people generally, that this reduction should
be made, hence the active opposition Of the
"ChamOer OF Life Insurance TO the Mutual
Life.
For many years there was connected with the
acturlal department OF tins company gentle.
man who IL now selected as the exponent of the
opposition. His separation from the Mutual
Life involves numerous charges. none OF which
We care here to repeat, save that they are not
to his credit, being actuated by spirit that
would rather rule In Del than serve in hea-
ven, and having found it Impos sible TO r1'a
the management OF the Mutual Life lie has
joined the more congenial spirits OF the ''Cham.
Der o. llfe Insurance. We would call aiten-
ton to a circular printed in another column
explaining the attacks Which have already an
peared against the Mutual Life. signed bv
sheppard Romans. the former actuary OF the
company.
These charges are but a rehash OF former
charges long since fully investigated and fully
refuted. The secret OF this attack is the per-
sonal enmity OF Sheppard Homaps against the
president OF the Mutual Life. and of the con.
sciousness on tho part OF the company en-
pioying Mr.. Homans. that If the Mutual Life
should make reduction in premiums they will
be unable longer to deceive their pocy-hoders
into the belief that they are giving Insurance
as cheap as the Mutual.
or this we are certain. after long familiar
ity with the subject and thorough and dlsin-
terested examination of it, that there is no
mutual company that can approximate IN
cheapness and security to the Mutual Life. and
that notwithstanding all these extraordinary
efforts to injure it the Mutual has the conf
dence OF the public, and will receive the sup
port and sympathy Of all disenterested men.
No better illustration OF the feeling on the part
OF both polcy.holders and Of the general pub
lie can be given than the fact stated by Mr..
Woodbridge, the representative Of the Mutual
Life in this city, that these attacks have ex-
cited the sympathy aud attention of business
men, and that there has been within tho past
few weeks very marked increase of interest on
the subject OF life insurance on the part OF the
public, and large addition to the already long
list OF names Of policy holders in the Mutual
Life IN this city.-Plttsburg Commercial, Au-
gust 8.