The Londonderry sifter. (South Londonderry, Vt.) 1883-19??, 1888-03-29

der. By careful and conservative man
agement the New York Life has acquired
a surplus, by the conservative New York
and Massachusetts State standard, aggre-
eating
81, $40, 1896!
Almost twelve millions of dollars over
plus for dividens to policy holders, (assu-
ming that the company only gets per
cent in the future), and owns assets
reaching the marvellous aggregate of
SS3,079, $3.50 Nearly a hundred mill
| ions of assets How is this tremendous
amount of money ''kept moving"-draw-
| ing interest in safe Investments from year
to year without loss to the policy holders
of the company! 1t is a question which
must often suggest itself to every policy
holder, and it is entitled to an answer.
In the first place the New York Life In
surance Company is not the creature of a
day. There is nothing speculative in it's
management, and no risks are taken in
the administration of its assets by the
Board of Trustees. As there is no stock
in the company it is quite impossible for
two or three majority stockholders to dis
sipate its assets in unsafe speculations.
The board of Trustees are well known
| conservative business men, whose reputa-
tons were acquired before they became
identified with the Company, and as they
have no financial interest in any of the
company's investments, their pride is en-
listed in the selection of the very best Sc
curities in the market. The market value
of these securities Jan. l. 1883 was up
ward of $1,000 900 in excess of cost And
as it is known in financial circles that the
Company is permanently in the market
seeking only the best, it follows that it
must inevitably have the first privilege to
select only best! 1t is simple matter
after all A man who answering an in
surance solicitor says: II will insure my
SELF" or 'why can't | get as much for
my money as the Company" loses sight
of the fact that he would not under any
circumstances insure his neighbor, and
further fact that an association of gentle
men investigating an Investment are new
singly for themselves are moved by a
thousand conflicting impulses every day.
The basis of saefty in any investment is
the conservative estimate put upon future
returns, and the genius to select pr0pi-
tious time to invest, and the law of aver
age applied to both investment and NOR
tality. Now it follows that a board of
Trustees-such as that composing the
New York Life directorate-must from
their very position in the commercial
world, inevitably possess the best infor-
nation attainabie as to the money produ-
cling power of any Investment. 1t has
been the keystone of the safety and sub
stantial character of the New York Life
Insurance Company during the forty-three
years of its existence, that it's Board of
Trustees have invariably been selected
from among the flower of the CONNER
cial metropolis of the United States.
Men are accustomed to look upon a
savings bank as aUuong the safest flnan-
cial institutions of the country, and just
ly so. But little reflection will con-
vince the most skeptical that well man.
aged life insurance company pays an inf
nitely better rate of interest to policy hol-
ders than any savings bank company to
its depositors, for whether we look upon
insurance either as protection or an in
vestment, the fact remains that in addi-
ton to policy holders protection, in
case of death, he is still sure to reap
substantial interest on his investment
through the company's Tontine policies,
the returns running all the way from 5 l2
per cent compound interest to as high as
I per cent simple interest, and always
and ever the protection in case of death.
How any man, now uninsured, can upon a
realization of these facts neglect his duty
for an hour passes comprehension.
Life Insurance is more generally under
stood and its benefits realized to. day than
ever before. The growth of the New
York Life Insurance Company has been
steady and sure for forty-three years, In
that time the Company has received Sl7S,- !
800, 4S9 in premiums paid to policy hol-
ders, Sl02,957 ,544(or 1SS, 463,S9S plus
present assets), and $40, 564, 400 excess of
payments to policy holders, plus present
assets, over premiums received! This is
a grand showing, and when it is further
realized that the Company begins the
year 1888 withS35S, 935, $50 insurance in
assumed risks aggrega-
ting Sl06, 749, 295 in lSS7-nothing fur
ther need be added to prove the far reach |
ing benefits annually bestowed by this |
great organization. Careful and conser-
vative, the exercise of great care in the
selection of riske, thus keeping the death
rate down to the minimum, and consci-
entious recognition of all its obligations,
have alone placed the New York Life In
surance Company on a pedestal of such
l..