, 1876-05-13
SAFE AND SOUND.
So Stands the Continental Lifa .
Hartford, as Shown by It's Last
Statement.
It Is One OF the Most Economically Mn,
aged and Most Prosperous Com.
panies Extant.

/ A2&U
aged and Most Prosperous Com.
panies Extant.
As an Illustration Of tho good results fo1lo,A
ing economy and conservatism in the manage
| ment Of an insurance company, we refer m,
| readers to the statement published In anothp,
| column, of the Continental Life Insurance Cen.
pany, Of Hartford, which shows not onlv IN.
line Of caution pursued BY the managers IN
handling the Company, but also the ASTONISHING
success with which their efforts have been
| crowned. Organized In 1864, the Continental
has always had the reputation among insursnese,
| men Of being somewhat slow, but Correspond.
| lnglY sure In its dealings with the nnhl;e
| That Is to say, while it has always been
regarded as one Of the most solid Of tn
solid companies Of the East, there va NJ
never any attempt at show and no effort ta
crowd business for the mere sake Of doing husi
ness. But aII the whilo the Company lias ~.
pericnced steady growth, and prosperity has
waited On it from the very start, and in tts
tinental shows an increase Of business for Tia
year 1870 that must be gratifying to the officers
Of the Company, and astonishing to the in,nr.
ance fraternity who were unaware OF the finn
hold the Company had on the public conttdeuca.
This popularity IS due largely we may say o.
OF the oficers-such men as james 8. Parsons,
its President; f. E. Beecher, Secretary; ana
H. r Barton, Superintendent Of Agenciea
One OF the most praiseworthy evidences Of
| the CompanY's excellent management i Tia
prudence shown in conducting its affairs-par-
! ticularly the economy with which its finances
were managed. We note particularly in
the exhibit Of receipts and disbursement
from the organization OF the Company doxn to
the present time, the large percentage disbmsed
| ouirenents to meet future liabilities, and The
very small percentage consumed BY expenses of
every description, incluaing the inevitable taze1
aud incidenta1s.
But handsome as has been the showing Of thu
! Company in the past, last year Was notable IN
respect to the large volume ct business, and the
economy with which it was done. \ compaH-
son of statements shows that the Continental
| Lie, Of Hartford, has the habit Of economy 90
| thoroughly imbued in its nature that last yeas
! its ratio Of management expenses to income
was but 10 $40 per cent lowest Of all Tia
| ffty-onc companies doing business IN this
| State, with four exceptions, which exceptions
are Of companies many years the continental's
senior. 1t does not require severe course OF
reasoning for the reader to arrive at the dctermk
| nation that q company which can maintain 50
| large q business at so low ratio OF expense-
| the expenditures for losses being at the sama
time kept at less than 90 per cent OF interest
ceipts-is worthy Of patronage. The Continental
/ Is SUCH u E1ul1uf.
While the Continental has been gradually
growing in public favor in the East, its Directors
| have always contemplated its introduction IA
| the people OF the West. They were not hasty
in doing this, for it is their policy always to 81
slow and sure But sound, substantial, old fash-
| Toned Connecticut principles have always been
| popular In the West, and so when, not long aso,
! the Northwestern Department Wis organized
| with headquarters at Chicago, the new worker
| in the field OF ife-insurance was welcomed by
l T. {c +1-{oa 7r.os1
| that guides this Company more apparent than
in the selection Of men to preside oVer its des.
| TIMES. In the choice Of Mr. Stewart Marks u
Manager Of the Northwestern Department, tha
Directors happily chose gentleman who CON-
| bines all the clements necessary to make the
| undertaking a SUCCESS. The headquarters Of
| the department are at No. 4S Clark, which haa
been neatly, but economically, fitted up. =,
Mr.. Marks is assisted in the management x
the Northwest by the following gentlemen7 xha
| have won their laure1s By long, successful SCI.
| vice In the insurance field:
Alr. John ". Godfrey, veteran IN tho ss1-
! vice, with headquarters at u Insurance. h.
| change, St. Louis, has charge Of the Department
| OF st, Louis.
+ MI. /. B. Hard operates in Kansas, having
| his headquarters at Lawrence.
Mr.. C. F. Cone is manager OF the South6a
/ Iowa district, with headquarters at Abba, T.
Mr. A. J. Smith Is manager OF the Northaa
Iowa district, with headquarters at Davenport
I -
| Southern Wisconsin.
Nj. John Dickson, operating also from MI
| waukee, manages Central Wisconsin.
Wisconsin is also operated in by ": Z &
| Bailey 4; Benson, General Agents, Green BaJ;
] George E. Darling, General Agent, Wlncoune.
Messrs. Horton Il Dana manage Minnesota,
with headquarters at st. Paul.
Mai. Rufus Cheney operates at Large IN p
pointing aud superintending agents
80 7.~r%, ,~o+} - ~ 1nh r orEa
| for many years occupied important positions n
the Northwestern Life Insurance Company, hsa
connected himself with the Department, s1d
will make hfs headquarters for the present u
Milwaukee,
In the City Of Chicago the insuring pqbli
pan and John Mather, gentlemen OF long a1a
successful experience in the winning vans of
the solicitor.
M. Z. Il. Carmacaz, late Secretary Of The NJ
tual Life, gentleman Of experience and SUP
rior ability, takes charge OF the office details
the Northwestern Department. 49,,
There is no more important officer eonne4u
with an insurance company than its Medical e:
aminer. In the selection Of Dt. Truman ".
Miller as Medical Director for the Northwestern
Department, thoroughly competent ana sass fs.s,
ful guardian OF the Company interests has oeea
| secured. ,
Mr.. Lyman c. Clark, who has been for several
! years prominently connected with the Compsn,
continues IN the management OF Inc Impofsaus1s- as-
Department OF Illinois, and is ably SECONDED u
Rr- Frank Babcock, who has few u any supe'
| riors In the field. -.,.,
In conclusion, We desire to ell httenu9n W
again to the statement published elseWhe!oe ~. ~
this ISSUE By it the render will sec thai y Pst
cent ct the annual receipts have been d1s0uteo;
to policy holders, u per cent has been lesesta4
| to meet future liabilities under legal Iequ!xx
ments, Is per cent only being consumed ?! !,s1 ~
other expenditures. The economy, the staohtt3s ~
| the prudence, and the wisdom with WHICH ~ ~
Company Is managed reeommends # 70 y.
! patronage OF the public and H. .a.S. ~
TRIBUNE could point out these qaa.r
tics more conspicdoasly. than has oIe tSe
; IN calling attention to the evidences n,ssd q ~
| Company's wise management, as e1ani asasiT-
In its published statement, It Woula e'"sssr essr
do so. It may be OF interest to the fSsao Eore-
to know that go per cent Of the ~ d ~
pany's loans are invested Ia Chicago ns.~s. Aas ~
Northwest, which are under the ahle maa. ~ 4.
ment Of Mr- J. o. Pearson, director - s,1g no
Company, whose extensive experience u Gsss1
in monetary Investments makes him el;sases ennasns
qualified to attend to this branch OF the oaalns'
OBITUARY.
CLEVELAND, O., May 12-Geolge a. .na p'
dict, one Of the proprietors Of tho eaase' ~.
Haold, died ut his residence in ta1s o$' '-