The Portland daily press., 1875-11-06
We Answer,

OF course they will say that? 1t is but confession
of their inability to do the same. They can not do it
without bankruptcy. We can, and increase our
selves thereby
We ask-How can they afford to insure inferior
risks SO low as they do? 1t is they not who are
furnishing the "cheap John" insurance. They
charge for SUCH only 5000 for $4,000 to whom ace
charge $780, and even $500, and then charge no
more than it is worth |!
What have they to say to that?
$50 really large price for the Best Risks Just
examined.
The question is not at ALL or hardly at all in re-
gard to the $50, but almost wholly in respect to the
character of the risk. People not aware what a
difference there is in the number Of the dying in
different companies Of the cold plan - and still less
do they realize the immense difference in the
cost Of nsuring the Best Grade Risks ard the
age of those insured in the cold pan'' companies.
We are showing the facts from year to year. The
$50 is nothing wonderful ; the wonder is
in the small liability of dying among the Best
Grades; that is simply indicated by the 500
which Is more than abundant to protect those
whom we thus insure.
An Insurance Editor says:
ssThe annual Report of the Secretary, DR.. Cruik-
shank, gives facts, the cause of which it would be
well for other companies TO investigate, to wit:
Death Claims per 1000 Persons Insured.
1872. 1878 1874. 1875.
American Popular, all grades. .45 81 3.7 g.?
All N. Y companies averaged. 1I.2 1871 100
We are able to add another years Qs75) experience
The tenth Bometrical Report is ready and although
now must in part estimate the number of policies
have the deaths certain, and know that the ratio
will be little less than it was last year.
Look at our small losses for ten yearsi
Not four to thousand policies per year. among all
grades together! owing very large proportion
of Best Grades.
Not one death per thousand policies per year
among the "Best Grades" alone!
1t does not therefore cost 81 per OOO per year to
insure them, not $40 per $4,000 That is to say
the net or death claim cost is not $40 per 1000
assurance.
But suppose we double this, even treble it, to
make assurance trebly sure; also add 50 per 81 900
for doing the business and $40 for policy cannot
that be afforded |! to wit, $4,000 for $50.
Obi now you say cit is too muchl' Well you are
right, and we propose that 1t shall be STILL LESS IN
THE RESULT.
By the policy the assured will be entitled to part
Of any excess profit at the end of the term" for
which the party entered.
If now there seems to be any doubt about the
EQUITY, ECONOMY, OR SECURITY of this mode of
doing business, please do not be guided altoqether
by the opinion real false of adversely interested
parties C"they are as thick the leaves in Valham
brosa,") but look into the matter for yourself If
PROBABLY LoNG-LIvED, since by the above plan,
insurance can be had that is perfectly secure from
ifs very nature and at much less cost than by any
other can be afforded to BEST GRADE RITKs
As additional proofs of undoubted security we may
adduce
Paid up Capital 100000,
(Author zed, S500000)
The Charter OF the Company makes it necessarily
Pure Stock; it can never become Mutual" nor
"Mxed" nor amalgamate, nor sell out. It's
officers are necessarily stockholders, and
must suffer before the policyhoders
can lose anything. Enough said.
Again, each of the Elk Board Is independent in his