The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1878-10-03
:. ..,o,, ST isatss by shs siuta y Isle
~ -. s.rs,sra Cesapassy 0f Rev xo.as

e rmsngnflcc T4ts1 ksaNs ~ e 90 s :. Z i,ta3o
oYeat fseal Of anu ~ ...
aaNs vsn. 81,
sseS in insurance circles ~ IVY
s.nmneernent that tho l,,a au y ,asss
sosnnany had % iss ~
shirfy Der cent. AS migns nave g 49, 10 4
nected, this or any snas. Mi
pes..ee3is, DIV unweicone TO Oil who cannoe
Ssra nns follow it's lead in this particu-
lar ana has come Ia for no END q ad ,aa
,.nI,n,ent and condemnation. IN TACT, nass
.sirasdy hee,, charged with injustice " y. As
ala members and an ine4ultiaple . w,
ssrIr,snafion against them Tor sDe SAM
N attracting now business s ana ~ -
lain parties, conspicuous chtsns w -
Their unsarniliarity with the Iacts VI
40 case have rather ingeniously ana pau
,ssSin secured ont lust how much the cV 2,
sss,,y n,sss necessarily lose upon each oot.ar
~ nrs1nium received upon this snpposnl..
sinIss reduction. No degree OF A l,a.a u y,
rnisrepresensatson that may pc inau.s ~ 10 :,
will do more than disclose, the dnsIsaS ~
aka company's assailants ana g IaeuaMus,5
nf,yertise It's unprecede anu, espee'a n1.
NJ, this time, very welcome ilDeraiity. NU
one conyersant with the history ana unqa ua.,
flied resources OF this grand oia co.n Gps.a:,
doubts its ability to reduce iis ra.ss a NM
Al.
md substantial ais ever. An immense DEeautli
.~s base and careful conservative ana econon,
Scai management insure regular income anu
pstfJa diversity Of mortality expenses, as wei
--as Great uniformity in the percentage Oh 5I '
fnrn premiums. or, as they are persistentiy
smiscaIled, dividends. For many years pas
4be amount OF such repaymentt TO the hoid'
ers OF continued-premium Whoie-Iie IN
snrances has aggregated about as mucn ~, y
the alleged reduction. In fact, TINS eni.
nent.y conservative old company mas oeen
collecting, investing, and using hush
larger premium than It's necessntes
quired, and has preserved entiIe eau.s Ivy ns
.rsetnrninp fine redundant portion. SO ions
asthis process continues with its accustomed
,.nonntnny. IL made no essential difference
IN the company whether it collected the. en-
tire premium and repaid thirty per cent. O
AZ. or collected seventy per cent. Ana gu
ring good times it made little difference &c
noiIcy-ho]ders. But it makes deal OF odd'
INST now to the people who want to insure
and who can turn over this thirty per cent
to a profit In their business seyerai times III
wear. The company-Wh1ch is JUST as pro
gressiye as it was thirty-hEe years ago, au.
as alert to accommodate It's plans 70 su!
nIe is inyolyed-propose to permit ap
plicants for insurance to hypothecate thell
expected dividends to the extent OF thirty
per cent.-that is. to pay seventy per cent.
and forego the usual dividend ut the END @
the year. The much-condemned reduction
is, it viii be readily seen, no reduction
whatever, nor O device to insure new mem
hers cheaper than old ones, nor one WIN
a departure from the accustomed USAGE
and ancient landmarks OF this Yenerable IN
stitutfon. There Is nothing in it that cal
iuiuriously affect the financial relations Q
its members, present and prospective, O.
inpoyate the Interchangeable actuarial struc
fure Of its machlnery.-Ne,o Yore Weekt!
-NelrS.