Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1873-01-17
LIFE INSURANCE.
Remarkable Growth and SOlldity OF
a Western Company in Fourteen
Years.
MembershIp $4,000 Assets over
eIa,OOO,OOO.


The Northwestern Mutual Life lnsu'
rance Company Of Milwaukee, Wiseon'
sin, furnishes some of the most interest
ing pages in the history of life insurance
in this country. Illustrating very apty
what can be accomplished by a sti 'e'
adherence TO the business rules whie ?
should govern such institutions, com.
bined with indeiatigable enterprise and
fair dealing. This company was or
ganized as the Mutual Life Insurance
Company Of Wisconsin in 1858. The
total assets in June, 1859, we're $9,331,
and the membership was 1877. 1t has
grown now to almost colossal proper
tions, having over $l2,OOOOOO assets,
officially estimated surplus $500, 600,
and $4,000 members. The funds Of
the company loaned on valuable real
estate mortgages bear ten per cent.
interest; and the interest receipts for
1872 amounted to $500 900. which would
alone much more than pay its losses by
death during the year (about S55O,OOO)
without touching its premium receipts
Every member is full partner, with liza
bility limited to premiums paid; the
reserve is four per cent, the highest Sc
curity known in American insurance,
and recommended by the most eminent
actuaries. The Board Of Trustees is
composed Of the best business men OF
the country, including such as George
f. Davis, of Cincinnati; John + +, Dillon,
Judge Of the United States Circuit Court,
Davenport, Iowa; Daniel j. Brewer,
Judge Supreme Court, Leavenworth,
Kansas; Judge Joseph Doniphan, OF
Kentucky; Benjamin r. Cowen, Assis-
tant Secretary of Interior, Washington,
D. c.; Dwight Durkee, Pre- sident Valley
National Bank, St. Louis; Edward King,
Secretary and Treasurer indianapolis
and St. Louis railway, Indianapolis; c.
G. DAWSON, President city railway, Lou
isville, KY, and various others, as well
and favorably known in business ard
financial circles. The managers have
ever sought to make this a model com
pany, and have succeeded almost be-
yond precedent. In 1865 the bust
ness had increased and spread over
SO many States that the name was
changed to the Northwestern Mutual
Life Insurance Company, which is more
in accord with its status and wide field
of operations. TWAS then the Twentieth
company in America, in 1869 the ellen
enth, in 1872 it was the Serenth, showing
extraordinary progress in the scale o
prosperity. 1t is larger than any Other
company, except three in New York, two
. in Hartford and one in Newark. 1t
current rate of interest is higher anC
rate of mortality lower for the past tel
years than any other leading company
These in brief are some of the advanta
ges and Leading features OF the North
? western, which cannot fail to meet the ap
proval of all who are acquainted with thu
} principles that underlie life insurance
Being purely mutual, LIBERAL progressive
: and enterprising, it bids fair now t
r become the largest company in thu
country. The State agency of thi
; company is managed by Mr.. Leo Ehrlich
; we'll known and accomplished life in
surance man, at No. 3 Madison street
, Many of our leading citizens are insured
at this agency. which has next to if mo-
, the largest lot of policy holders at any
one office in the city.