The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1879-04-28
a Model Organization,

The leading topic Of interest in the 'lic-
insurance business Just now comprebcnds
tho matters both OF reliable insurance and
OF low net prem;Em outlay. and IT. would
be interesting to examine IN detail, II our
sracc permitted. the varied exhibits which
the several leading companies arc enabled
TO pycscnt in this direction. y few facts,
however. as to the progress and achieve
mems oi one of the most notable or the
Ic1din" comrarieS cannot be otherwise than
interesting te ol:r readers. We relerto The
Northwestern Mutual Life, OF Milwaukee,
IN institution whose experience III some re-
spccls has been almost phenomenal and viz
tuallv withou: z parallel in the history OF
the li.c.insnrancc business. The company
commenced business i'll the year 1888, anu
is, consequently. now twenty years old.
Being purely mutual organization.
1t cf course commenced without dollar,
but 20 able and careful has been its manage
mcnt that It's assets now largely exceed
eighteen millions OF dollars, representing
an average growth Of nearly one million
dollars per year. And. as still further
showing the merit Of its achievement in
this direction. it should he mentioned that
on January !. 1878, the net surplus Of the
company over all liabilities. including the
reserve, which is based upon four per
cent. standard Of ralnatlon-the highest
standard known TO the bnSincSS-a"grc.
gated the imposing sum OF s., ISJ. 2"G .52.
which represents percentage to nabilltltS
that is not cGu&licd by any other company,
with = single exception. and that Is far III
excess OF that presented by the companies
as Il whole.
But the distinguishing feature III the
cnmpany's buSineSS-thc one which more
ti!Iu any other marks the Northwestern Is
| IN CXceptiona! in>tilutlOn--lS lis cXtraordl-
nary experience in the matter OF interest
earnings. No other company even prcicnds
! to compete with it in this particular. and
| the shown" which il is enabled to make in
connection Herewith is as SUI uprising Is it
! is unusual. According 10 the ordinary cN-
! pcrcncr company which is enabled TO pay
lis entire dcath-clainis year by year out Of
The fund arising from interest acch-
mutations really accompli>lcS 4 most
| trustworthy result. Only very few
companies are able 20 do 50. and these are
uniformly the companies which are di>tin-
eui>hcd for The bright records which they
! nave made in the liiC-insurancc world. The
! Northwestern Mutual, however. has for
some wears past realized in its interest re-
c"iptS fund more than sufficient to pay its
entire dcatil-clainIS and bushes, expenses
combined. the figures Tor last year, 1871.
| bcin" rs follows:
Interest receipts. &l.41S.7t5 16
Death losses and "a pci!sc. I.22s.TGS IG
Exccss of interest r1crip:s........... sl90.u37 90
Il may also be mentioned that while the
death losses OF the company from the tate
OF its organization to the beginning Of the
present ycir reached The large sum Of
IS, 400. 249.GS. The interest receipts during
the same period aggregated still larger
Sum--viz, IS, $50. 539.C9, thus showing M
excess Of the Latter over the former OF
$3.50. GS9.7l. The advantage possessed by
the company in. This direction enables it to
present another marked feature, in The de-
yclopment OF which it appears to lead all
other companies. This Is in respect to its
divdend-paying capacity, and to illustrate
what it is doing for its members we sub
Join herewith 4 table showing dividends
which are actually paid this year. For con-
renience we take lfc-policics issued at the
age Of thirty-iire for 81 900.