New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1890-01-23

Life
Sutaal OT Eci a; So5 I'LL
II will be observed that the mortality of the Mutual
Reserve less than any one of the other companies
their expenses than two and one-half times
greater and their income was more than three times
rs great that of the Mutual Reserve for each $1,000
insurance exposed.
The actual saving to our members for the year
| 1880, when their payments Tor the income o. the
| Mutual Reserve compared with the income i0r
each ~ 900 insurance at risk. Of the old system com
panies-saId saving to our members for 1899 was
so 526 5OO-and the total saving by reduction Of rates
since the Mutual Reserve Fund Life Association com
menced business nine years ago exceeds $25,000OOO
AVERAGE AGE.
Another remarkable fact which | am able to present
to our members IS that, although one year has been
added to the age of each member during that tme
get when the deductions made for the lapses
cxplry and for Deaths and credit IS given for the
new members received within the year. we find upon
| examination that the average age OF our members
I'm force upon our book, December 81. 1859. has
actually diminished, in place Of having increased
LApsING.
Tho expries reductions, not taken, and apses have
been about the same with the Mutual Reserve 2'
has been the case with well managed companies doing
business upon the level premium system. From per
sonaI observation find large majority OF these
we're caused 10y Of the fact that the object o.
or necessity for, life insurance, no longer existed
or by reason OF financial "stc'S OF ehOali"''"'0'''
Of the insured.
OFFICIAL EXAMINATIONS.
During the year 1-e9 two official examinations
bv insurance department, have been made-one by
tho Insurance Department Of the state OF Colorado
and one by the Insurance Department % the state OF
West virginia. Each Of these official examiners was
aided by renowned actuarie, and competent experts
and IN each instance the Mutual Reserve FUND Lie
Association received a full, complete and unqualihed
Endorsement Its BOOKS were pronounced correct
its assets well invested and just as stated by the
officers. it, death claims promptly paid In full.
OTHER EXANGNATfONs.
IN addition To the official examinations above
stated. hy reason of the many false statements cir
culatcd bv the enemies Of this company the well
! known chartered accountants, Mes,rs. Price Water
house n Coz II London, Eng. were requested by our
friends and member, in England Ia make an cXahiha'
ton of the affairs Of tli, association Your Officers
AZ once accepted the suggestion OF our members III
England and threw the book of the association open
for examination by these flmDu, and world renowned
accountants, The same rules adopted by them In the
| examination If the banks. railroad, and other cor
poration- which they have employed for the past MY
wear, wcr. adopted by them IN their examination "i
! the Mutual Reserve Fund Life Association ana upo"
r,, c,u,ulcton 4 said examination certificate was
-f
accountants, certifying that rs books were correctly
ron. II, assets correctly stated. Il; investments
property made is death claims promptly paid. In
,ddtinn 10 the above examinations. the auditors OF
the association have also made six separate eXamha
tons or one az the expiration Of each moruaGy can
and in each instance similar Endorsement mas O'e"
given certifying that the book and accounts were co"
| r,ctly kept investments wisely made and the deaIh
! claim. PROMPTLY PAID In full II can be truly 'iu
| n.
oyer submitted its book, and accounts and all Of It's
transactions to the Inspection Of 80 many h'"'""''
commissioners. actuarics expert accountants oa'.N
examiner, and auditors. and II also may DC d. ""'
| said that no other life Insurance company III INC
world liza. ever received many Endorsements aitef
| examination A ba, been the with the Mutual
| rc.erve Fund Lii, Association. And II also may
M, truly said that in no instance has an examination
boon made into the affairs Of this association ou' mat
fer the completion Of said examination w associat on
Was triunphantly vndicated OF the many ial'e charges
that have been circulated by is enemies More
than one hundred such examinations have been maze
and more than hundred certificates OF Endorsement
arc on llc given after the completion Of the examna-
ton by the examiners
PROSPERITY At HOME.
A. an evidence Of the great popularity Of the Mutual
r.scr,e Fuud Life Association at and near itS own
h,mc where II, officers are best known, where It's
transactions are under the daily observation Oh the
bu.iue., community. | am able to state that more
,p one third Of the entire business In force upon
,r ho,ls-rnore than onc-thr Of all our membership
ara, residents of the city and state OF New YORK.
r.,r.sentlug the very best business men, bankers,
merchants and professional men Of our community
ONE THOUSAND DOLLARS REWARD.
Nearly two years ago the officers Of this association
.,Iy f., fine various circulars issued by its enemies
f., tlc effect that it did not pay it, death claims IN
cu ,,,I.hed 10 the world and also in the assessment
notices that went 10 each member Of The ASSOCIATION
notice Offering ~ OOO reward for the name oil any
honest death claim which was due ana WHICH had MOI
been paid in full. the fact to be determined by any
two bank presidents in New-lork CITY Inc iact una,
tb, Standing reward being made has been pupIlshed
all over the world vet up 70 the present time not one
~in,lo demand has been made upon the association
for this reward.
| nurln, the past twelve months the attacks upon
your officers also against the association us pan anu
system. have continued and been more viruieht IMAM
in any year during the previous eight years. II Will
hc remembered that a systematic attack upon this as
i,iou and its officers was commenced by the old line
life competing system I'm 1851. shortly thereafter an
ESCAPED convict was employed and paid S@o'ooo III
United states bonds compensation Tor ATTACHING INC
priyat. characters OF the officers of our asaocatloh
"a well a. for attacking the association ana It's pan
and ,ystcm since that date every means when coulo
r M, conceived by wicked men has been employed IL
inlnrc the business of this association We nave eNi
dence where ~ 800 paid tn an cmployc Oh thI'
association rs his price for rolbns the archives Of IT.
records These monopoli'tc representatives caused
nis theft to be committed. and have since secured
the return of portion Of the stolen records ana an
admission from certain parties thereto showing no"
fine money was raised and how the robbery was ac
compi~hcd.
During the past twelve months the crime OF forgery
has been addcd to that of robbery, and diabollca
conspircics have been unGarthed the part of thes
III. Insurance monopolics. will refrain from givnl
fine full detail, in this report nasmuch as full eXpoS
OF these cons praces forgeres and cftS has aread!
been presented to the public. As well as to our mem
bcrs.
It is but Just to you to say that your management
while recognizing the fact that these opponents of Thu
company have many hundreds OF millions OK dollar
ot their command yet have decided to give then
b,ttl in our court, of justice should they continu