The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1881-05-03

For many wears the inhabitants OF the
Eastern and Middle States were accustomed
to look askance at any claim in regard 10
the financial integrity OF institutions when
were organized in the newer States. Lat
ter,y this tendency has beeu largely moui-
fed. CORPORATIONS have been created WHICH,
nurtured carefully and managed wisely ana
honestly, have challenged the scrutiny VI
the best businessmen OF the country-ba'e
been tried by The seyerest tesIS-and nave
won the admiration OF The hlfsnest cIuic''
Prominent among the larger hnancia' so
cieties, and perhaps the largest OF tuehi 'ii'
is the Northwestern Mutual Llie-lhsuIanCe
COMPANY. OF Milwaukee, Wisconsin. COM
mencina in 1858 rs a purely mutual ONCE
its Growth during the first few years was
slow. Towards the end OF the first decaue
if began to attract the attention OF Tue iu
SurinU nublic Nv reason Of the integrity OF
its management, the enterprise eXh'Dlted
in The conduct OF its affairs, and by the un.
questioned advantage it had over many oil
lis rivals by reason of the high rate OF In
terest which could be obtained upon invest
ments OF the safest character.
During the last dozen years, however, It's
career has been triumph.
The following table will give the reader
an idea OF the progress OF the company -:
Jan. 1850. Jan. S75. Jan. !: leSl:
Lisbties 64I4,4Ol l3 467 s22 l5.334'9d2
surpias.. 343,i3I 2,O59,7l0 3,oll'297
Since the organization OF the company.
The interest receipts were ....... .s12.747423 ~
The death losses were...'.'..'''' e. II|'II1 W
The excess ofinterest receipts being ii 03j,3i9 81
The wear 1890 was the seventh successive
year in which the interest receipts exceeded
The combined disbursements Tor dealh
claims aud expenses. During that year the
excess was SIO1,323.29 The excess during
the entire seven years has been over SoVo''
900.
During its entire existence the company
has received in premiums the sum OF CO.,
452, 2231l. lis payments to policy-holders
have been:
For losses. ............:.........."s s'7i21l4 o.
For endowment pOiicies'....'..';.' %,'fo'foo n
For surrendered and lapsed pOh- -,oo-e,
cies. '''''''''''' 2'aSvV0dd -,
For ends..................''''' fooltZo AZ
Aegregating the sum of.............s 25,OQ7s!9 ~
Add present Il sets OF The company. ls'34bZlz 80
We have total of...............S43 1854 ,O91 go
Deduct premiums receiyed........ 374o2.223 ii
We have as remainder. 59Ol,s6S 40
This statement shows that the interest re-
agement, and added S5,90l, SOS. 40. This i
too significant a result 10 require any COM
| ment at our hands.
| The company paid I'm dividends
| from ITS organization 10 January 40. 80
/, fscOli4-c Il
The surplus on hand (Delonging TO y,
| policy Januaryi, 1851. 3'OllZS' VI
Making total surplus earnings Of. slO,s62,725 AZ
| This is t,centy-nine per cent. OF S31, Az,
223, the total amount received in prem um'
by the company during rs existence. INT
dividends in the year 1879 were over t0rty
t,rO per cent OF the entire premium re
ceipts, and in 1880 were equally as large.
Our attention has been called to the his
tory Ct policy held in the city OF Phladel
phia. We give the results attained:
Policy No. 80. 1913, issued April %, 1868
to party aged thirty-two years. IL was al
endowment, payable at the end Of Thirteen
wears, or say on April IS, 1881. The amour
was q, 900, and the annual premium SAB 10
Under this contract the company, after fur
nisbing insurance for thirteen years, re
! turned all the premiums received improves
| at over per ceLt. interest. This is mos
excellent showing.
This company Is located in one OF tn
J finest. sections OF country in the world
There is a constant demand for money TO b
expended in internal improvements and l
the development Of resources which are
/ the most abundant and profitable character
r Hence it is peculiarly well located to max
investments OF money at high rate OF IN
terest. The company has also dealt fairl
with the community and its patrons. II
annual statements have been full. clear, an
explicit, and it has dared TO print for th
! las. bali dozen years its dividends for III
information OF the public-it being the onl
company which has taken this course.
, its organization 1t is purely mutual, an
c consequently furnishes insurance at actu
cost. It's policies are all Don-forfetable;
, deals literally with its retiring policy-hol(
I ers-in word, ii does all that can be re
e sonably demanded OF expected from III
insurance company.