The sun., 1890-01-23
Death Losses

Equitable Life, 1888. .......l221 900 z9os
Mutual Life. lee8. 8...........l5.l8 1881 5.3e
New York Life. 1888. ........il.25 1859 5a2S
Mutual Reserve, iese......1oo8 ae3 l7l<
win be observed that the mortality Of the Mutual
Reserve than any one Of the other companies
their expenses than two and onehalf times
greater and their income than three times a.
great Of tho Mutual Reserve for each o. 600 in
surHnoe exposed.
The actual saving 70 members for he year 1854
whom their payments Tor the income of tho Mutual Re-
serve) compared with the for each q 900
insurance at risk OF the old system compauiessaid
navinE to members for 1899 ga the
total saving by reduction Of rates since the Mutual
Reserve Fund Life Association commenced business
nine years ago exceeds 2soooooo
AVERAGE AGE.
Another remarkable fact which am able 70 present
TO our members Ia that although one year has been
added to the age of each member during time yet
when the deductions made for lapses, expiry and
for deathA and credit ia given for the members
received within the year. find upon examination
that the aEe Of members In upon
books Dec. 81 1854 has actually diminished in place of
having increased.
LAPsINa.
The e1pirieS reductions, taken and lapses have
been about the with the Mutual Reserve a. has
been the case with well managed panes doing bust
ness, upon tho level premium system. From personal
observation We nnd large majority of these were
caused by of the object Of or me-
cesSy for life insurance longer existed by
Of financial distress embarrassment of the insured
OFFICIAL EXAMINATIONS
During the year 1880 official examinations by In
surance departments have boen made-ono by the In.
Department of tho State of Colorado and ono
by the Insurance Department of tho State of
RniA Each of these Official examiners aided by re-
nownsd actuareS and competent expertA and in each
the Mutual Reserve Fund Life Association re-
ceivsd o full, compe.e and unqualified endorsement.
It's books were pronounced correct Its well In
vested. and Just stated BY the oncera Its death
claims promptly paid in full
OTHER EXAMINATIONS.
In addition tho official aons above stated
bv of the many false circulated by
the enemies of this company the we'll known chartered
accountants, MeSsrs Price, waterhouse Co. OF Lon
don, Eng. requested by friends and members
association Your officers at once accepted tho sugges.
members in England and threw the books Of
tho association open for examination by those famous
and worldrenowned accountants The rules
adopted by them in tho examination Of tho banks rail-
roads and other corporations which they have
poyed for the past fifty adopted by them in
their examination OF the Mutual Reserve Fund Life
Association and upon the completion of said exAmna-
certificate furnished to this association by
these distinguished accountants. certifying that its
books correctly kept its correctly stated
investments properly made. its death claims promptly
paid. In addition to the above examinations the
auditors of the association have also made six
separate examinations at the expiration of each
mortuAry call: and in each instance similar endorse
has been given certify ing that the books and
counts correctly kept Investments wisely made.
and the death claims promptly paid In full 1t bO
truly said that other life insurance company in the
world has submitted its books and and all
of its transactions to tho inspection Of insur
anoe commissioner actuarieS expert accountants.
bank examiners and audtorA and 1t also may be as
truly said that other life insurance company in the
world has ever received so many Endorsements after
Fund Life Association And it also may be truly
said that instance has examination been made
into the aairs Of the association bat that after tho
completion of said examination tho association was
indicated OF the many false charges
that had been circulated by Its enemies. Moro than
ono hundred such examinations have been made, and
than hundred certificates of endorsement are
on file. given after the completion of the examination
by the examiner
PROSPERITY AT HOME
Az evidence of the great popularity of the Mutual
Reserve Fund Life Association and near Its own
home where Its officers arc best known whore its |
under the daily observation Of tho
business community. able to state that than
Onehd of the entire business in force upon books
more than third OF ali membership-ar resi-
dents OF the city and State of New YORK. representing
the very best business men, bankers. merchants and
professional men of our community.
ONE THOUSAND DOLLARS REWARD.
Nearly two years ago tho officers of this association
reply tho various circulars Issued by Its enemies
10 the effect that It did not pay death claims in full
published to the world and also in tho assessment
llces that to each member OF the association.
notice Offering $1,000 reward for the name OF any hon
DSt death claim which due and which had not
paid in full the fact to bo determined by any
bank Presidents in New York city. The fact of this
standing reward being made has been published all
ho world yet up to the time not single de-
mAnd has bsen made upon the association for this
ward
During the past twelve months the attacks upon your
,csrs also against the association. its plan and syS
sm have continued and boon virulsnt than in
any year during the previous eight years It will be
that a systematic attack upon this
station and its officers commenced by the old line
ite competing system in 1881. Shortly thereafter au
,SoAped convict was employed and paid $4,000 in
United bonds compensation for attacking tho
private characters OF the officers of association
Tell as for attacking tho association and It's plan aud
ystenl since that date every means which could bo