The new Northwest. [volume] (Portland, Or.) 1871-1887, 1874-11-20

VNHIS ASSOCIATION WAS SINCORP0RATED
i at Portland, Oregon, October 18th, 1874, with
capital stock Of SloO;OOO, on a Onlteu states
gold coin basis and under the laws OF the State
OF Oregon for the purpose of issuing Life, En-
tiowment and Annuity Policies, on such terms
and at such rntes as will be within the means
Of every citizen, and retain at home the large
sums now annually sent East for Life lnsur-
ance which can be as safely, and to the public
more adyantageOusly, invested in building up
our home interests.
Mutual Life Insurance, in its truth, Is simply
the agreement OF any number OF persons that
upon the death OF any one OF them those left
living shall each contribute certain agreed
sum- which in its total or aggregate shall be
giyen TO the family-wife, child, relative or es-
tate-aS stipulated by the deceased But such
persons so agreeing ~ any consIoeIh1Ie num-
ber) require the services OF ares sPonslole agency
for the collection and disbursement OF such
moneys, and it is for such purpose that this As
sOciation has been organized ana duly lncor-
porated under the laws of the state.
The safe and honorable management OF the
affairs of the Association is guaranteed by It's
| Ineorporators, whose names are a warranty TO
the public for the safe custody OF their trust
/ funds.
| In Issuing these, the design OF the Association
| is, as agents Of the people, to provide them
with the advantages OF a Mutual Life or Mutual
| Contribution system OF Lie Insurance. NJ &C
| tual cost without the unnecessary and in some
cases unbearably heavy expense to which the
public have heretofore been compelled TO sub
The originators Of the benefcent plan OF Afu-
tual Life Insurance never designed that the
participants should pay four times its actual
cost, nor indeed any cost, until the anticipated
deaths had actually occurred. Common sense
tells US that paying debt when it is due is suf-
fcient, in all business transactions.
EndOWments,
. Payable in five, ten, fifteen and twenty years.
viii be issued by the Association in its eorpo-
rate capacity, giving its pledge for their true
payment, as stated over the signatures OF their
President and their Secretary. That better in
terest on money, and better results 10 the hold
| ers Of such endOwnlents can be obtained here
than in the Eastern states or in Europe, Is evil
dent, when we consider the differences between
the Well-knOwn three 10 i've, and six to seven
per cent, realized in the East, against the ten
and twelve per cent. interest that can be safely
obtained on the Pacific coast.
Annuities.
The Association issue Life Annuities for the
payment each year OF agreed or specified sums
In gold coin, TO the holders Of such policies
these Will be issued over the signatures OF the
President and the Secretary. The same reasons
I which enable the Association to issue endOw-
mcntS or agreements TO pay a specified sum al
the end OF stated term OF years, and to give
such endOwments on better terms than can be
done by any Eastern Life Insurance Company
also apply in case OF Annuities or 4 stated sum
annually 10 be given by the Association. .
/. d. W. WAKEFIELD, Secretary.