, 1879-03-07

will bt s13, To-; and, as the other policy lInlders
must tate some time, the States Of MASSACHUSETTS,
pancs 10 rescrvc at tic end of the tt4t ycar NJ
i,er cent interest, thu sum Of sitI,f0, witch
tnnEca s2l'l4. and rs the conpanyh rates. less
the Examiners lees, amount to a5N40, there
remRlus but 85i.o0 TO meet "enurmuus cui.l-
tn',siop., expenses, SURPLUS" ctc:, mud ic.
inrn a surchar1a" nt thc rntl Of The
year. The seconst year 6., t!,c COMPANIES e' VIZ
receive the full premium s305.i0, the st1aro ~
tlsc end Of lhc year required by Inv, a2931o.
Charge sao5. 10. reserve 3aGt10, lcaylny sllom
fur expenses, dividends. etc., i!tr dividends Or
nscr *l20; so ,lat By Interest. sns1ns IN ,nartal.
Ity Or loss account, nltd gnotl management. The
companies arc alIo to inerPasc the $Ilo6o t"
sufficient to meet the $1e!} sureharco md *.
method Is continued during tiM: continuance of
tho pulley The faut ls, while ihc laws III III:
States demand This s2a3, 10 reserve. II cun'pahY
must hc very prudent to ba abi' 10 Keep snuntl.
opinion Ut the lest Insurance tsntierwrfers ami
,lnanuers that th!s resgrvc Inns lecl, the 6ulwark
Of safety VI tho life companies.
great many pSr%soi.s y % 10 i 1loE IKE ths 'usa Of
fur expectation Of l0ng life, prefer I" COMMUTE
their future lilc premiums to flu n'nl ten pay
ncnte. Tcse do not Gct an: HlorE in'nrnncc
nor do sooncr tlan Il they llnd taken the olrs,
from two to three tnga the nsf"ltnt u prehituut.
necessary to carry the risk, 'l,et tlI: insured may
not Il. nIly ease poy longcr than ye pr ten yeara
for n lfe policy; AMI oi COURSE Tic reserve VIII
Uthers tlo not like any Kind Of ltfc..polscfcs.
| but prefer the cndo|lDcnts, und voluntarily
| uuy very high premiums for the Satuc. Such
men o. Aarshull Field. icprGc y: pu'lH1aa', );
Bnnk, mud many othera Iavs takei, t!rl'e litsi-
rntc, allort-terln cndowt1cIita. Mr. Nlc!:crsun
| at ono time tuok t10, 900 rndowu1entn a New
| York company, and When u y 'nat,rcd fe.
nuw policy of the eane kind for sau,0N; nil.l
the VIcc-Prcslcnt ot the First Sat!onll hank,
+. D. Grny, stated to INC Icw weeks ago tl!at
hs wished he l.aa taken r,sn ~ "' , po'sciss s
cnrrlcl sa5,ouo ina,. onr company alonr, bcshlc
| otIlrr Insurance. 'illc records EiIow that over
one-sixts Of The entire lIfc-tnsrHneu business I'll
the country is on tho endowment nlan alone.
III cour3e tl,e rites Oh t1cEe boltc'Es arc more
thar, sufficient to curry the r!sk, hui It Is I'M
rt,olcc of the pollcy.lloidcr. u H. tur Mr.. aht
feldt, Or any QUO c!set 70 say tlat # L = "m9rn
for M s Stfks1s9 ayrf i g 'a pheT. 10 r
tl,rty own Judgment unt prefer to pay tnort
nancy into companies than Unnecessary" 10 pui
fur the l1l4urancei
Tens ul thousands havp been under the neccsst
tY during the hard ttttlea to lG!se money tirul
nnv security available, and hnye been forced t
sell their interests IN these tcseryes Tile prislcl
u1c Of purchasing tl!csa policies md releasing
the reserves upon tiie sarac - nl'c oi fl1ht m
son.c.I,lcs gives great RELIEF TO lhe llolder
Ainst Sir. Sllu(chlt any that Il Is "mora
frn,ld u fus tLe States u Massachusetts, Col.
rcctlcut, New York, llllnnts. uni OILERS, tt
cupe tie companies 10 kcep t!lcse reseryGs NH
for tl,r pov-holIcr 10 sell his pottion vi then
| Il NECESSARY? 49,.
liz reglrti 10 the dividends orslirclnrgcs, there
Is but little to say. Tllcy measusc the prlidenc
ani hu,lcsty pf management; they are III
savings Of mortality, interest, aml molernt
EXPENSES, etc. M human benG Ca,t tell VIVA
1ntsfnrtucs snny vIeit tI,u country " nhy time
Ia,nity Of Rotno kind any yeag Tic tonlpa1lic
must prepare for tlirse things, and rritsr'lr
CAUSES them TO charge higher rates for euc
contingencies thai necessary f,r urAlHhrY Das
tess. ul.,l II not needed during the ycar thes
"sHrchgtges are rol'rte nt y ts en-" snapo ~
prudence and cautIon Is not de'nandcJ, nl!i thu
no contingencies Will Gr!sef
Ar, Shufetlt, lf!ic 1naNT others, seems !
have tllr ttlcn tint the whoic syssrn Of 1fc-t1
surancu Is wrong lccausu suule companies laS
! been bn.l!y uiat,nEcd. Bceausn the Setont
; Third, Fourth, NIL German National Dauk
ave hro};cn nj. must W. withdraw patroitnl.
from il,e Merchants National H,rt Snyluge, Lou
IL Trust Company Of Chicago Dt ,ltarrcrit T.!
8 Chemical National Ban; OF New 1oFkf Y
c Will Mr. S!lufe!dt for ,,o,nent co'nuaro I'll
management Df tlle Republic Life with thosc
lie MutuYl Benefit, Connecticut Mutual, iii
other respectable institutional
7 rc1teratt that The euuU.An3cH n0NacQ In n
last sinyu returned tu polIcy.holt1cEs, und kct
as leltAE rcscrre and surplus. NIL the premium
n a,sti Interest they haYe received, exccnt Il
small sslIa OF ahust I per cent Used fn expense
! nnfl that this "salnG Ul story # Il EDol ~
: md Cnnnot be assailrd, ntlA OFT lnny It bu J.
/ pcnted.n ", L. Pou1soS.