, 1874-10-31
Sketch Of It's Advantages and
Growth.
How The Protection Life Carries on
Business.
What It Has Done During the Last Four
Years.
Tho lllierenCcs.


ono Of the moat profound interest to tho whole
civilized world, and tho ntoreHk il tho question
mould bo intensely inoroased II its growth, sya-
tom. and practical operation, together with its
present magnitude, could bo ncouratoly given.
And. az wa lave from timo to tmo pneed before
our readors facts, guros and details OF tho difor
ent commercial interests Of this city, wo will ut
this timo take tlle subject OF life insurance,
treating 1t, as re havo other intoreHtB, Impair
tally. Tho Importance OF 1ifo INSURANCE IL
too vol understood at thia day 10 require
any worry extended remarks, further than to
recall to the reader wllat experience has
demonstrated. Tho wisdom OF making pro-
Visions for those dear to us, wliilo VIC arc
in health aud prosperity, necds no argument to
eonvinre oyen tho most eareless, nor do hIe-in-
auranco companies aud tho benefits they havo
ontailsd mud arc entai1ing, upon tho human
family, need farther ovidonco than tens Of
thousands OF beautiful homes, tonantod. por-
chance. by widows aud orphans, who lave been
saved from life OF want. aud perllapB misery
aud vice. through its proyislonB. Therefore wo
may properly treat thia subject NJ
4 wIsE MEDIUM OF Ex0itANaK.
which, WHOM properly carried Oh, NIL may avail
Themselves Of within the limit Of their neana.
Tho foresight Of Quo who can Bce IN tho dlatnnt
future Provilential Interference With tho plans
OF lfo, will certainly induce him or her to adopt
this most excellent medium Of profession ngainst
the contingency Of untime!y doatl. Tho ad-
yuntages OF tho system being concodod by oil
Intelligent minds, it is unnecessary to advauce
any arguments on that subject.
Ihoro is wido disagreement between both
ancient and modern writorB ts tt
TIE ORIGIN UF INSURANCE,
hut ccrtain It III tint tile underlying principles
arc found ln tables actually III e1istonco in tho
time OF pliny end plato by which annultios
wore granted. Life insurance was first praoticed
in England about 175 years ago, anong clergy-
mon who formed an assocaton fur tho pro-
lection Of their families, and BY singular cuiu-
uidouoe it was first introduced in this country by
an association among Episcopal olergymen about
100 years ago. It WRH not, however, until tho past
thirty years TINT the system came into general
adoption in this country. aud it was only during
the flush timeB succeeding tho War that tho
business assumed such vaHt proportions. aud is
now second only to blnkng iu the magnitude OF
tho interest involved. and the vaat sums con-
trolied by tho companies. Hence brief review
THE PnrsENT STATUS
Of the buainess aud tho practical working of tho
various schemes boforo the public will be Of
graut interest to many who rely 10 much upon
lilo Insurance. for protection to their families in
tho hour of need.
From tie iifo-chart. published by the Herald Of
this city. orc %. Ct tho leading Insurance .9!,
po'S t%e fe 'eo eompss %s We rocssoa H 1i ceas @
from tho Illinois Insuranco Department
t4t.I
to transact business IN this State lust year.
Forsy-four reportol Patd-np oasn capitai OF
St,2H,2io, anu touftoon haa no enPltaa 5nP pelng
operated On tho ,mutua1 ilan. lno nlty.."9
companies report assets on land, accumulated
from Yremiun5 1 Golloctod tocoYef fsas assumed.
$3b5, 705, WY. Ihey report cash fiGono lust year
Of Sll7877,9?3 to cover death-losaos OF Only
S26 G85. lo4, whiio tue agonth' commissions. oi-
GERS sala1ioa' ta3ea. , i aMa a. other expenses.
amounted 70 Sli, ,933.Nf- Ine pollcy.holdera
received back W. 2o2,a7o OF their IT, surplus pAy-
u,euts iu "dlvluonda anu sIo.9o9tl lbt, princl-
pal!y composed of notes, uoiorfcd pfomums,
aud other obligations agalndt poaoy-holdefs, wore
cancelled by lapse. surrender, and purelaaa OF
policies.
THE MOST REaARkAptE FEATURES
Of thesa statistics aro that 1t DC necessary
to collect ll7.oo0, ooo annually to pay about
$G. Go0, Qoo doAt-lopses, antl That tue expetlsos
exceodoa sl7 ,ooo,9o! Irne, About s25 u0o @ IVY ',
waH returned aH "dividol!ds, and Sl5,ooo.ooo
wrltton or agAillst surrendered and lapsed poll"
cies, but they do not ny any nieans nsconnt GU, ior
aud the Hutu paid for uCatn-l0HHah,