The evening world., 1890-01-25

w AAANR NNNAh WV ' VI NFAA VI ~
savings banks or investment attachments.
so That thoyc ~ the rcOp.c who desire life
insurance nj cost, with all. oiutc security,
MS provided in our nlteadv iaiVc cash Rccu.
mutations and RAPIDLY Increasing surplus,
through u cmCir0ucy iund. will In nbio
to obtain the same.
10 my onjcini n,focintc- 10 our many lo,al
and faithful agents IN the field, Ns wei ~ to
tho moro than one huudIci cmI iuyrrs INCUR
Office, ! desire to uCEroW edge nv PpCCiGl
obligations for the heir. Gld anl ASST lance
which thcy have rcnqcr,d IN their rrsrec.
tive dCURrtmrrts. and to the more thar fifty
thCusnrd WCrlhrrN located throughout our
%tr.tcc, Belgium and sweden, Who Rave
givol us their loyal support IA the goat cnu-
ilirt winch la, been wagcd againtt IT., | cN-
tend my sincere thanks, and iopucst 70 cur-
tinuancc ut thor confidence and Hurpurt.
Eiw,Rp i. uAnrER.
President Mutual Ec.crvc Fundl Lite As
ISOLATION.
New Nor,, Jan. 30, lGNo.
Following Is. the rrrort OF Comrtro,lor
How. llehry J. hcirmurG, CS.lrs&raUce
Commas. unIi ct ono;
NV NoNk. Jan. -. lEpO.
10 n. t]r,.,&.a.. B,,.c'o,. AL HsaGr,i ~ de iH.sc'
L,s.rts frp1 ius h',ncinncn.
new papc In the lite unk oil the Mutual 10
.Crvc, permit me. loIorC turning from the
pneo which has lust he'n completed. to r.
t.cw some oi the nrunliacrt features Of this
history of marvellous itogrrsa and rrot-
pcr!ty.
We nave added To our EcStrNc or Emcr-
gcucv llund during y q
N~.o7,s3I.IG,
making this fuHd or 3tSi December, 1889.
~, 3Oi,jC03 .
We have paid IN Death Claims during the
sI,S3O,O3I.eC
making the total paid in ncRih Claims since
our organization, but niHc years ago. over
s7,CoO,OOO. CD.
We have received IN Cash Income sIOG.-
lll.S5 moro than VIC roroirod. durinR lSSs.
tlIoro Of tSRS by s3?S, $50. %. Nearly tic
whole of this Increase in disbur,cmcnts IL
unc to tie excess nt death claims paid in
1850 over lSSs. said oxcei q amounting to
S253, 8DJ OK.
During the past yrnr there haa been added
TO our Casll and lnvwtCd Assets the sltnl "
055S,G35.iJ.
and we have inciea, cd Total Cash In
vested a-d other Az cts
SGit,5TJ.31,
making our Total Gross Assets on Fec. 81.
1850,
Our net Cash and Invested Surplus at the
close of the wear was
S2,I5G,3gi.a 30,
a gain over the year 4 g of
SG21,8t5.SO,
after leluctinE every real, CONTINGENT, 'cclI-
meal or imaginary liability 'incIudlpg n
liability ot SlUi.I"!. wlhci, IL the Net Pros
cnt Value of all policies IN force on Dec.
~, 1881. computed us renewable term
insurance. for siS'H days upon Actnar'eS'
laD.o OF Mortality. with interest nj I Dor
cent. ~. n liability voluntarily assumed by
this Association anil rot required by the
various Insurance departments from Post
Mnrtom Natural Premium Organizations.
We have written during the past year
l..Ol';, policies; ,nmonnting to si4,,s4h.-
40, which would haze been much larger
but for the creGt care SO .udiciougly cXc.-
cisoa III the acceptance of these risks. We
lave rejected during the year 81, ~. -.
Which, W i"i Il mot S SRpl Womb Ii' have ibS eeni, I grrsohi +;
seized by the Old Line Combine: hat we
deemed it only justice, to orr menlleIs not
To burden them with losScH, wllclI might
fir. TIC ass risk. We will cits Just one
instance of this care referred tn. Quite re-
Gently very, high Official OF one OF the
application 10 ms 70: the Issue of n policy Of
40, 200 upon his lite. and although this
IN itte!f was an acknowledgment by him
that we were furnishing the right insur-
arcn, wo were not overwhelmed by our COM
plcte success III having an oil liner knock
at our door for admission: bu; we declined
gave him n policy Tor but $40, OOO.
Through your nl0St conpetent Chairman
OF the FINANCE Committee, Dr.. liobinson.
we 1re able e. pre,ent to you 2 lit of invest;
they attest his conrCicntiops and FkiIfui
energy in placing, these loanr, rs the
amount loaned iS only about 20 per cent. OF
property, this valuation having been made
BY the most conservative appraiser in New
York, n high municipal Official. Thc
mortgrge investments OIL Dec. 81. 1850,
sI,7O7,OOO.
the ANIMAL interest on which would be about
ssll,U had those leans all existed ior 1
full year.
During the past year the total expenses of
management. amounted to ouly sIl3.-
72s.o This sun includes, the amounts
which the Association would have, received
had all the new members paid their ndmiE-
sion and medical examination fees direc: to
the home oibce. hut winch have not been &C.
ceiyed by tie ASSOCIATION. and amounting
examination fees sI3, TJO. Notwithsiand-
ing having included thee items III our dis
bursement. the .rgtio OF our expenses to
each ~, DOC Mt risk was but
S3.O3.
To further convince You of the ecnnomi-
cal management of this Association We will
take the mOunt OF insurance at risk aud
show what would have been the expenses Of
mananonhon man the siItlIni fsserEG P1aia
Life had at risk s4s;a. $50. $40. Now, by
the simple rule Of three. Il the expenses ot
slsl. j5S, 200 at risk. We're 81 >. 1.S. 80.
with fIs2. O5O.5 at risk they wouli
amount t.. only 81, az, 0n3. ~, but the cA-
penses of the Aiu tual Life for 1858. as Ehown
in it's sworn epo TO the New York lnsur-
aucc Department. were 81, OT2, lOi nm over
taxation OF i;s members during that year OF
33.OI5,Oi1.
the Equitable with 500. 2l6. l2G
ut risk aud expenses of "a, pi5,-
44D, and the New York lAfe with SAID
SIG, sos and expenses OF -. flG,j +O,
their members 2. 7S4. O2S aud
81, Idi, Ool, respocrytly, during the sane
year, making a total OvertGy ALTON at their
IN expense. OF management atone
for one year CHip bY The Combine of
sS,G23, 1913,
AZ compared with the expenses of our As.o-
As We have not the tiRnTes OF this
for 1859 We have Disseminated ~
ita favor in His calculation. az Il ~ based
upOn Onr cNpeute. tor lsHJ. which we're
slightly IN CNceHs OT tupke Of lSSA they be-
ing then 81. ~ Ter ~, OnO at isl.
That our system ~ a most popular ono is
by the small percentage Of Not
Taken Policies 10 the amount OF new busi-
ness written, bclug tor 1850 less than ~
cent, while the average of the Old Line
for the year 1883, Us exhibited in
its sworn reports, WAS over ~ per cent,
and this average for 1880 will be 1s large IL
not larger than its previous years.
Our Death Fate daring the past year was
to each ~, 600 az risk on Dec. 81 about
~. 90 lees than the average mortality OF she
Old Line Combine during 1883. and nur
during the past wear were but