Wilmington daily gazette., 1874-01-28
money Loaned

We are glad to learn that the Union Mutual
Life Insurance To-, OF Maine, has through
its Delaware ocal Board of Directors just
made loan here of Five Thousand Dollars,
to one OF our leading citizens upon real estate
security of unQuestlonable value. We speak
of this for the reason that it proves the Com
parry meant business when the Delaware
Local Board was organized, and said that IL
our citizens would encourage 1t by insuring
it would loan here what it collected in prem
iums provided OF course that itreceived proper
security. If all of its loans are made upon as
ample security as in the ease which we speak
Of the Company can never lose. Ana we learn
that its excellent charter compels In every
case such security as the company has always
during its twenty-five years eXlstance ranked
as one of the leading, strongest and best man
aged companies in our country, anu as II Is the
first Life Insurance Company which has ever
done Justice to Wilmington, by loaDing Its
collections here and thus enabling US to keep
our money at home, where it Is so much need
ed to build up our growing manufacturing
city. =.
We do urgently urge onr citizens to give 1t
their insurance in pretele ence 70 lnsuring win
other companies which only collect our prem-
iums in order to take the money away and
with 1t they help to build mp rival cities and
States
Our manufacturers and merchants complain
thatthey need money. Money Is tight. III all
the thousands of dollars of insurance preml-
ums collected here were loaned here, where
in strict Justice they ought to he loaned, now
much easier would be our money market.
Certainly these In-r.ancs Companies can OBJ
tain here good lc'e n"'r ages as they can any
wher. else tErtt t.In 1t Clnnot weaken lItlr
srcurity to make stah iO1n3 IN Wilmington AS
this Tue [ uion Nagnh l.'ia Insurance Conpa-
nv il OF uu, aeston.bIe aee.nlty, having u yearly
income Of two amt one iouith Million dollars
Reserve AS cts OF 6 6,uud OuJ dollars, anu Year, J
income from interest ana its investments Tor the
year 49, OF a3IS 30 "a. IA e,Je.5 al tha losses
Tor the saIpa year, ard IT IS retnSnt an con-
Inercal aXi IN that I,o h"alhvs3 man. IAN Iof Ills
real estate, do sale b0sneia, unicSs he carries
upon his hta a cettAin a.Luaut vi Lie Insurance
Ne urye our readers 10 be- y lse in ibeI day and
generation aud ou>ourlgS this Company III The
ust policy II has ,utrodu.1d here. Many OF oui
leading lien huYe already insured with 1t lei
more follow sulti let 1t not be said, to cur shaa
that we do not appreciate ialr dealings. Ii should
be said in iustic, to the now \ ork Insurance
Companies, that tue selfish law OF that state
sompels them to make all OF their loans In thai
state The New Lorer5 ere sharp aud seilsh III
their policy, and have always known now tl
build themselves up at the expense OF thel
neiehbors. About 200,00o dollars are sent eaef
wear, in Life Insurance premiums, out OF ihi
State, which money could nave all been retainet
here had this insurance been given to the cnioI
Mutual Life Insurance Company, and we urg'
our cti- ems TO patroni-c said Company III tutur'
aud keep their money at homo,
The Office OF tho Delaware Local Board OF III
rectors of the Union Mutual Life Insurance
Company is at al3 5hiriey street, where they hay
lifted up splendid suit OF rooms for their perma
nent Office.
The Officers Of the Board, are
JOSHUA MARS, ESQ, President
CHAs f. THOMAS, Vice President.
D.H KENT, Treasurer,
T. q. SPRINGER, Secretary.
DR.. JOHN 7. WALES. Medical Examiner
DIR ID. A. DopdE, Manager