The true northerner. [volume] (Paw Paw, Mich.) 1855-1920, 1873-02-21

GbC C0aiigcHf0i f,jGc Insurance Cont
jiGRy NJ War S0rt-gfs RnDfd Rise
GuG 2! '3Rderfaf Prosperity.
The extent OF the public appreciation Of tue
advantages Of lie insurance cannot be moro
conclusye.y demonstrated than in the rapidly
/ OF It's growth-as developed III the annual state
meuta OF e companies From doubtful ex-
pedieucy. it has become a recognized ineScus-
able duty.
Tlom Questioned stability, il mas established
for itself an admitted scientific founda ton Of
financial sohdity, Eacxcelled. II equalled, by
any other financial institutions Of the world
known and recognized a. such by the most IN
teligent and responsible tinancers OF the
country. i, Is the main dependence OF the
prudent Of the country-over five million OF
our people being directly interested in its ros-
penty and the unquestIoned ultimate solvency
OF the companies. lie who, by word or act
falsely disturbs that confidence, is an enemy to
society. 1t IL d peasurable duty, therefore,
when We speak in commentator of the pros
perity OF any company, knowing that life IN
surance drives away the demands of the wolf
from the door Of the widow and orphan, after
the master and provider has been removed by
death.
The wonderful success of the Continental
Life Company was doubtless much indebted to
the pre-eminent practical experience, honorable
dealing, and untiring energy of Mr.. Lawrence.
The rapid increase OF tho multiplicity of duties
and financial responsibility connected with the
office OF President OF the Continental doubtless
fastened his premature death.
During 1872 the unprecedented prosperity Of
the Continental Life Insurance Company is
demonstrated by the fact that II, O1O new poll
cIes were issued covering 500, 7l5, 925-of new
insurance-and that the receipts were SO. 49,
1888. As our readers are doubtless well
aware, by the special insurance laws of nearly
all the States, sworn description of all poll
cies IN force, with q minute DESCRIPTION also Of
TIE nature and character OF all the assets OF
the companies, is required TO be made out to
tue states respectively IN which the company
does business, from which Data the Insurance
Departments of these states calculate with
mathematical correctness the precise amount
requisite, which, with the future premiums. all
increased upon the low rate OF four per cent.
interest, tor safety-not of necessity-will en-
able the company at any time to reinsure all
it's risks IN any solvent company, or meet all
It's policies az maturity. To meet this require
ment the Continental officers, on the first Of
January last have set aside $500, 27S for the
"res erve" or reinsurance fund, and $149, 700
for reported losses, being a surplus OF $40,
223,S5 over all liabilities, or, after paying off
the capital stock Of 100000, net surplus of
$40, 223.65.
The standard OF reserve" adopted by this
company is the highest known by the laws OF
any of the States--four per cent.-and when
the fact Is recognized that six or seven per
cent. interest is realized somo idea Of the profit
from the excess of interest realized over THAI
calculated may be formed.
And here We stop and consider these truly
wonderful figures.
c. mpany, in a little over six years, having
rolled up to The surprising figures stated, must
DO sa,d to have been wonderfully successful
and may truly be classed as one OF the leading
life insurance. companies of America.
Poicy-holders viii fluid their sacred interests
70 igipusly guarded aud the future prosperity
and efficiency OF tho management OF the com-
pany guaranteed through MIR J.. W Frost. the
successor OF Mr. Lawrence, deceased 93lt2
JOHN L. HARRISON,
District Ag't for Van Buren, & Anegan Cos.