The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1878-12-24
THE GREAT LIFE INSURANCE QUESTION.

What the London Review leading insurance journal
business Of the Mutual Lie compsns opin
ions of an impartial critic from commercial stand
In two indicated to our readers
sision involved novel which arguments
% as, s total P'' iSs
ing money upon policy holders instead upon agents
~ extra commissions or upon IN flaming adyer
While we have think. impartially recapitulated
the s Mutual against S oss
the combined rival companies through quickly APP
side
worth while 10 DO the general ground q the
to s e 70 u
c s IS. @
Before however discussing this latest point raised
NJ sn me ini Il
a 1s s
paid cash since its no
p$sy holders. During iSs three
sa lives have place and the made By tho
thsse policies has loft srxe available surplus
surplus funds are bsns used replace good
Be different but y only good Lives that surrender freely
under.tand aud which their who know
are careful not to ten them as using % & sar
and replace the existing of deprecated lives
sodiy the company aud the pecunary profit Of
We have not as yet observed the utcrances Of the
critic. amy % q the nature Of The
cred to daie i and outsiders do
e q ' sSaS ss
Vince ANY @ ana a "s ns tue ~ n a1asr
than appears the surface The principle
q the 50 Isaas.i9S easily to s which
gives equal future benefits 70 both new and old,
view: wish look the question In
merci. aspect: The mutual has existed for thiryayc
years and its present position may be summarized as fol-
IL has policies In force for ......... s5s 600 900
Since 1853 the commencement Of the present
II has paid in claims aud bonus about. IG,OD1O
lis cash assets exceed the combined capital Of
all the New York banks put together by 5.uoooo
together ought To- know how 10 work it, Ifswsnsy-aSs
s . be aas sSr 70 ss
ment alone SUCH however, Is not the impartial opinion Of
Inspired by holy ardor for the interests Of the unfor
p adss Of SS sd as @ hs s Of ns
their people imagine vain thing They cons,dcr that the
ssss 81 Ss So
e to % ssS and & %ss sns .s ss
Mutual increased its communication to agents or bought
and all the other companies would not have uttered
SQUAD but to the policy holders that tho
The Mutual at less in proportion to
panies England America and this by
II. magnituds the the agement devote
only II its officers that
they their business without
their expenditure TO pcrcepblc extent they
had right do The khoiders of
for selling beet would be ashamed to write
such cgrceious smpeons rs the policy holders the
Mutual Life would he did they object to the
porary outgo for reyyng waning trade Trade he
stimulated npor the same principles either by the outside
Of the goods being made SNOWY by gilt labels and bright
tho offer OF sterling goods Mt low prices The dis
the goods supplied and the shop he deals with
Nor do We gather the chorus OF and
writer's In press that thc Mutual Life Is going b
made insoventiy tho plan that the officers
know their business Most decidedly What they are
worrying about is the desire to that A. g.
present policy holders in the Mutual Life going
dividend bonus next the year after
a. they might get IL u, aud did the Nutna
as new policy holders Ia 1879 and lss What they
explain that they want D. and into companies
other than the Mutual The Mutual Is however likely to
have IL all far winning the confidence
the public In the plan In concerned.
IL appears device of tho impartial critics
so shallow impose the simple
con stucnts Of the Mutual. Their company " strong
powerul without the face OF this globe The
occrs raised to Its pinnacle OF greatness
those who still guide its destiis surely experience Is
ignorance and Is failure " the opinions OF its
enemies can be relied on Let y rely gu itself. manage
IN elf and take Of ITSELF aud lot the disinteesed
vice its gushing friends be appreciated at its proper
holders instead Of outsiders the Mutual has perhaps
pears however US TO De more begoten by Tear than by
ST.. noxta