The times. [volume] (Richmond, Va.) 1890-1903, 1891-02-08

Adding restorations. etc, ms Is done IN the
official reports of insurance commissioners, as
well as i'm the Advertisements OF other com
panies heamount of new business ~ thet CON-
pany written in 1890 was e62, 236.5O9.
A large volume of new business. II obtained
nj reasonable cost and under salutary festrlc-
tions, is advantageous and cOnmendable;
large returns 20 members are important.
These are desirable but not essential. one
thing is essential, imperative. The lesson OF
the hour, taught by events Of the past Few
months Is. that life insurance Investments
should not be plaything in the market; that
trust funds should rest on sohdity. notion
huctuation. High authority places the de-
cline during the past six months. III the mar
ket value Of stocks listed on the New YORK
Exchange. an $50 millions OF dollars. II, 10
This sum. our authority continues, were
added the depreciation in ,he market value OK
listed bonds. the loss would run INTO tDS
thousands Of millions" This Is not here
quoted to discredt that class Of racuuties, but
To emphasize the fact that, while hundreds
Of millions OF such securities are DOM
owned and taken rs collateral security ~
many life insurance complnles, the Noith-
western never has owned u dollar OF or loaned
upon such stocks and bonds and by charter
il wisely prevented from owning or loanlng
upou such securities on huxtuating securities
of any kind or character whatsoever. ASIDE
from Unit States bonds the Only securities
o.
uicipal bonds. tine entire wealth of State OF
municipality .heihg pledged TOR their pay
ment Moreover the Northwestern has not a
dollar invested in securities which does not
Yield annual income. .,o.o
9i2..6
The income for 1850 was: 90
Premiums. .....................ss,e2 ,Ito W
Interest aud rents................ 2la6'0o2 20
Total 1929 OS
The surplus over per cent reserve
sG.532 .32Lgs.
uary /. 1891, was 90 525, amounting 10 $197
sos. sO7. an increase for the ear Of IA, ls6 pol
icies and $50. J02. s7s insurance. probably no
other large company can show such a pro-
portion Of insurance gained as compared With
new business written during the year
The death ratio for the year was OF OF me
mean amount at risk, ratio phenomenaily
low for a company thiTry-twO years Old, -
peciallv as compared with other companies
The average rate Of all companies reporting
10 the Massachusetts, Insurance Department
IN 1859 was l.32.
During the thirty-two years since
the Company commenced bus
mess il has paid 10 the repre-
sentatiyes OF is deceased policy
holders, for death losses. s2i, 055,GOO VI
for dividends matured endOW-
ments, surrendered and lapsed
policies. ...................'''. o1'fP'''' !"
Total. ................ ....FV<' iy5'yiI -
Add present assets. ............. 2.3os,5l- W
Amount paid policy hold
ers and held for them. ..s9j, 1882 %
Total premiums recei,ed........ oi.5o9,oOo ~
Excess Of assets and pay
ments TO policy holders
over premium receipts 30, 5Jj,7ll @
The payments 10 policy-holders added 70
the present assets amount 10 over ten ana 3
half millions more than the entire premium
receipts.
The annual statement herewith shows tho
income and disbursements for the yeaf $50,
and the amount Of the assets. liabilities. ana
surplns December 3iss. The assets have m
creased IS 81 Oi2G5 during the year, and ne
surplus .s9l 317.65. The statement shows
that the securities IN which the assets an, ~
vested are OF the superior quality required ~
the charter aud justified By the experience OF
'''~ HI PALMER.
MATHEW kgKSAs,
GEo. w. MITCHELL,
G. ID. NAsn.
W. y. McIARES,
CHARLES T.. DYER.
WILLARD MxgEfLL,
Executive Committee.
Dividends TO poliey-holders une9ualled BY
those Of any other company. We VIII Do
pleased 10 send positive proof Of TINS ASSET
ton, including examples Of actual disiasais
at any age. 20 any one sending Their address
and date OF birth. John y. Cary X Son. " n
eraI AGENTS for Virginia and North Carolina.
HOS Main street, Richmond, Va.
Correspondence invited with successful
agents III above States.
The Popular suburbs.
Leonard Heights and Auburn, TWO OF fieh-
mona's most popular suburbs, are largely All
yertiscd IN this issne by Jackson brsndt 4 e