Evening star. [volume] (Washington, D.C.) 1854-1972, 1876-03-27

THE MUTUAL LIFE INSURANCE COMPANY
OF NEW YORK, now in the thirty fourth year Of
its existence, is eminent among the life insur-
snce Companies of the world, it's available cash re-
sources being now over sighfg millions Of dolid s.
Some idea OF the magnitude and progress Of this
mammoth company may be obtained when we state
that its accumulations are greater than the CON-
bined assets Of other two life companies on the
This splendid institution was organfzad ApriI -.
s42 snd commenced iss uing policies on the LIST day
Of ebi usry, 1888 when tiye hundred prominent cit
the ucleus Of the Company. The admirable system
add which has always continued. together with the
sterling integrity and tact OF management on the
steadily progress and san favor with the public un.
til IN resources il stands to- day practically without
an equal: 1t Was organized emphsticslly upon the
is the element with which TO prosecute life insur-
ance-collect premiums in cash, and nav losses in
money. It's premiums being payable in cash en-
abes il TO pay IFS dividends in cash, and its matur
ing endowments and claims BY death In the ssne
dollar in the way Of note in the payment of premium
other part Of its income, ano Of all its pres
sonal security, note, other coIlster al but az is
available cssh assets.
Referring TO
THE LAST ANNUAL STATEMENT
OF the Company, We find that in the year 1873 the
premium receipts alone aggregated Sl573l so a. to
which we add the income from interest and rents Of
u %nsps TsHd total income IN ,S for The
bursements Of the year find that there was paid
out for death claims. mstul ed endovments aud an
nuites o4l0 SIS 49, and for div idends rendered
policies and additions TO policies, Ss,264 5S7 80,
making total OF payments to policy holders dursg
the year Of 81 ,674 .se3 81.
The foregoing figures read more like a report
from the United States Treasurer than insurance
corporation, and show that this Imperial Dom parry
may well claim 70 be the leading life insurance com
psny Of the world.
As its business is conducted
on THE MUTUAL PLAN PURELY,
all surplus over and above the amount required for
carrying the risk each year is returned TO the poi
icy holder in proportion 20 his contribution Owing
TO its vast transactions the Company has reduced
the annual er penses 70 the minimum, the perct
age for 1875 being only lilo per cent. Its large
membership also gives IL the very best average q
human life thereby reducing the death losses t. the
lowest attainsble point. Thus, by light pense
ratio and low mortality experience, the Mutual
the Insured at the very lowest cost.
The "Old Mutual"
SINCE ITS ORGANIZATION
has received in premiums Sl5l,Ils,IS2 90, and has
paid out in claims By death matured endOWmeDts
and dividends Ss7 957 COZ 81 and il has hand,
well invested for it's members, sSO ,O00 or
these assets the Compan held on March 1, IN bond
and mortgages, So9,72T ,4s3 p secured on property
having the following valuation: Value OF land,
sursnce collateral $50 s47 zoo; making total SCI
curty of S30c 700 4S6 And these results do appear
to rs 10 demonstrate good management.
B. LEWIS BLACKBOARD, of the well known
firm of HANSON BLACKBOARD, 5lS Eth street,
has been the general agent for this District for
past eight years, and will take pleasure in giving
Information and receiving applications. msr2l-6t