The evening world., 1890-01-25

ihIl1A NHN NNAl lNoV Wv awe ~ .HNl
rerpiution offered by Gen. Isaac II. Shields,
of Philadelphia. Pa, and adopted nt tho
last annual meeting, created =. cash surplus
special reserve emergency fund OF $500 900,
with which to pay Immediately the death
! claims as they shall occur and are approved.
This fund IN held by the American Loan and
Trust Company of New York tor this SPECIFIC
purpose only; aud through the creation and
Use of this fund our death claims are paid
in large numbers at the time or even before
tle 9i.monthly moltuary call y male q
of tho mottuary call tho loan or advance
from the special emergency fund il returned
aud thus made good.
INCOME.
Our income for 1850 was 81. 10000. ~.
Our income for 1883 was 81, I1,S14. 0S,
making u net increase i'll income of S3nu,
ISl.2h over the previous year; hut included
in the income for 1890 h more than 500,
600 admission and medical ices, never re.
ccivcd hv the Company, but included in oui
Income, AZ required by tire Insurance. lc.
partmout blanks. and corresponding debit
is made to our expense account.
DEATH CLAIMS.
nurinr the year 1850 VIC have paid to tho
widow. ornans and Other bcneticiaries OF
ducen' ell member death elaine to the
mount of 81, $50, o3l. 90. Every one oi
these claims. where q legal ie,easc could be
Obtained. was paid be ore tho same was due,
and advances were made immediately after
dt ath, oven before the formal prcUiA were
presented. III every. case where requested 10y
~ La."h" NJ wy 80 I'm MN
which vast sum was raid by us direct Ia
more than two thousand widows and ten
members.
And we have cash OH hand aud in invested
securities III our emergency aud rescrrt
Tor each 81, 900 III death cihimg remaining
unpaid. approved md unnpDrovod. on the
3ist day 81 December, 1881, our liabilities
$50, 900 Iess than nj The same date one veal
ago; this In face OF the fact thai Nc have
more than Sl?. 900. 900 additional insur-
arr e in force, while orr total assets equal
81, for cnch 81, 900 Of unpaid death
claims approved and urapproyrd on lilo
Stat day vi December, 1880.
-. u..
l. nuSiNE'f.
During the year SSu VIC received new ap-
p!lcatlons Tor membership u the amount oi
$50, o. which was accented an.
written 50. $40. $40, leaving $5.52S. = o
Whlcl mas been rejected, Dccau'c me appl-
ouirel by tho rules of the Association, or
returned uu%approved or on file in process uf
adjustment.
orr h,.;ros, ;n soroo ~, noo \, 1880
was .t1sl.35s.2 zoo. ,m]aking.a net increase
larger increase titan for 1898 over iss5.
aG ae nG,q inal on ,a n, q, nn1,sa,i,y S M, .cr
81, $50, o!sn. $40, 3US.
MORTALITY.
year In sI:S$%;4 SS, tic difs5epse e:
Elk. ' & H. E !s T"f %ss ss,si. ~, NJ ;s ri FL y rS Sss
of mortality has existed each year since the
transacted u hisiness nnder tho old
system we would have been, compelled to
nave Gnicc'eR from our mSlilDers u aaya,Ge
each john 81 Tue "a, mnS. amd IN adnl-
tlOl thereto the extra lDuulnn tDI gNtrn nN-
hommlI' S.nn ID, ias NJ NJ, ,rston, , sN,'ra :
only the actual in place of an assumed NOR
tally. orr members have saved the entire
sum OF a717 :. 9 in addition to the otler
bcrs may be able TO see Tor themselves the
advantages under our gyaterl i pre.ent
herewith n comparison Of eXrenses, mortal
ity aud income OF the Mutual Reserve with
the three leading American life insurance
com panies. -
Amount. t ri.h iTr"yc,d dur Erpsr,,,
Dec. II, 1883. ing 1855. dVri"J lSSS.
Mutual Re,
n serve. M, sios' osi'o f''2'o Soio'o14
L. Tia Jas 5ao o10 1o1 n @oy aop A a. aso
Mmtun w. ~
Life. ISS. 49,. O5O. SO 1893, 3o6 4,a12, lO7
New York u, ,,
Matnsl I Es- 10, oss 200 s,. aoo -, z,o
' 30 ''o'-oo o'I'"" 'i"''-"
10 ,",H' 10 lax 10 .s"s
$1,000 $1,000 81 900
u,,,,, p-.,eos !" ~, col StftSTa r"nSi
Tounitsbie ia SSSS ' Z az az "a
Mutual Lie. 1855. 1915 1851 5i.a q
New York Life. 1855. ...ll.35 1879 81. ~
Mutual Reserve. 1850. 10. O6 '303 TIA
1t will be observed that the mortality of
the Mutual Reserve was less than any one
of the other companies: their EXPENSE were
more thar two and onc-balf times greater,
90 ~ rran hymn tha Mv,un kaserya 1oT
each 81. o insurance exposed.
'A'iN''
The actua! saving to onr member Tor the
year lSsn. when their payments Tor the IN:
come OF the Mutual lieterye) are COMPARED
with the lnccire for each ~. 900 insurance
at risk, OF the old system comphnies-said
saving 10 our members for 1880 was
81. 5?0, aOO-and tho total saving, by re-
Fnnd Life Association commenced business
niue years ago. exceeds s"o, 600, 600.
ASEhAoE AGE
hno,net temsIkaole IaSt when an abe
W. pIesunh 10 pur hIehhihngts In ai.Vomsh
ore year mas pee! haheu 10 the nse OF each
MeihneI uurlnE Ihht l'nie, yet wien VIZ xe-
aEc.ioAs are maue ioI ihpsSS, ekpiry anu inr
neatis, hIu Greu!i ~ GiHehloI 'ne INV ineni-
oers ieStiNeu rnh'n VIC seat, We Hnun
AaHihna'iuh ,nh' .Lo n,erhEe AZ " 9yIIf
WeInDeEs III iorce mp9n OUT DonAs, Dec. o.;
ioop, HAS actua'iy ulmihlsheu' III place oi
HaHinB lHClcAFeu.