Burlington weekly free press. [volume] (Burlington, Vt.) 1866-1928, 1877-05-25
liz, Iusurunce...i safe Inyestme Mt.

A feeling OF dlstrust i'll life insurance or
carnations WAS most apparent when the
failure of the Continental and Security COM
panirs became known. The recent revela-
tirus of extravaganza in expenditure and
PAYMENTS of large and unearned salaries by
| companies claiming to be economically man.
aged have induced policy holders to scan
closely the statements of late publication and
| to compare notes. But the action OF man
ayers who have in any wise proved unworthy
should not be considered to the detriment OF
| those who are connected with standard COM
paf;:s and who have clear record.
A gentleman OF this city was credited a few
days alter our great fire with asking, where
can money be placed 10 be productive and al
| the same time safe, if we cannot trust the
solid buildings that were IA part of the real
| estate OF Boston? A literal answer might be
worded in this wise: In government bonds
| lodged in safe deposit vaults; i'll savings
banks whose securities are in property scat
| tered and most carefully appraised, and III
| policies OF life insurance i'll most reliable
corporations. There are other comparative
| ~ safe places in which money may be put,
| but Ill the main there is speculation IN mon
| ey using, even when safety is demanded. In
the matter of profit. bonds yield their cou-
pom payments, savings banks their semi
yearly interest, and life insurance policies
their posthumous benefits. Some men OF
means do not care to have very large sums in
bonds, and the banks and the companies dc
| not ask for and cannot take other than small
amounts, and in various schemes that prom
Use remuneration capital seeks investment.
As a matter of real safety, in grand despite
of the mania that now PUSHES across the land
discreditiug the life insurance companies be-
/ tla,, huv futl.l and
are extensively managed, that declaration
may lie unhesltatngiy made that there are
| no institutions of whatever name that own
more positive stability to resist any and all
pressures. than the best of the life insurance
| companies of America. United States bonds
are safe Tor, il government is not good, what
| isl Savings banks of high repute, If run
| is made upon them, have their deposltors
| money to pay back, or securities upon which
to raise 1t. But the life insurance companies
| hold in reserve means enough to relnsure all
their indebtedness Their liabilities and
| assets, their bane and antidote, are both be-
fore each Interested party, and the demands
made upon them are not equal to. the supply;
hence they increase IN magnitude aud
strength with each succeeding year by
careful management, and the eXactlon OF
premiums large enough to make everything
houndtr than before, thty grow more !ni
more sure more and more safe. The pro-
perry OF the mutual companies, in an espe-
cial manner, is the property OF their respect
i've policy holders, and while they. the nu-
merous owners. year after year by the pay
ment of premiums add to the value of the
particular companies OF which they are a
part. they participate in the reception of di-
vidends of surplus gains, the paying of
which in no wise impairs the strength of the
grand machinery which they have helped to
build Boston Dtig .ldtrtIStr.