Omaha daily bee., 1891-02-08

posed almost wholly OF reserves and reserves
are necessary TO return 10 claimants, either
equitable amount so IL Is fair to presume, hnt
IN the loss of nearly Sn,OO0,OOO OF insurance I'm
FIVE years. from 1873 to 1878 certainly reduce
tion of the reserve accumulation would fol-
lowi hut note the assets claimed during this
period Having s;s2ys,2ii IN lsI;h follow the
SD,S72OOO; 1877, SrLO5IOOo; 1875. SIS. .OiSOOO and
SO on, until In ls9O, notwithstanding the loss
of two-thirds OF the business written, we aol
this company with over siOS. .UOO,OO1 OF assets,
a. h.i ,aGcumuatcd after paying every liability
IN ~ ., run, enormous expense ratios aud IN tho
snort period of thirty years.
NO, MIR. EDITOR,
you cannot point TO any other legitimate bus
mess shorn of speculation, founded with
mathama atlcal exactness upon q basis which
has the duration of human life as its founda-
t9n, which you can point to as having at
thlncd anything Ike such reSultsY Is IL any
wonder that when such cond ltiOns are aired,
,on to protect and foster this goose which
~ What wonder then that the Hon. John *.
pfproTMy, ,sanM,,s0 late insurance commlssicnsF-
Taary = isT Escorted seorS ,SS se
lature OF his state That tho T accumula- %
t,"n lretSrrlng TO- such unneeded large reserve
from Its policy holders, OF q fund incapa ble of
ultimate distribution, TO the persons whose
accumulations created II, is not justified by
any prudent reason, and Is an Injustice To
the Insured public, the laws should redress"
From Spectator statistics we find that i'm lsIn
the. level premium companies with @Tiso
policies, aggregating slS7 sGI OOl while in isl
thoy wrote l5l. t02 policies which amount to
but S4S5liOO0. That In 1870 they had business
In force IN the United States amounting to
S@0i3,Ssi,nS5, distributed among 7i7, ,sOi policy
holders, while in 1ssG their business in the
same territory amounted TO only Sl.giG $500
distributed among T2l604 policyho lders. resi-
dents OF the United states, Was not then Mr.
TarboN warranted in saying In 1887, that "A
nrS ss mgmoGr Gf peopS In the United states
than In 1870" Hut consdera blo noise il made
about the loans made by old line or level
companies to citizens OF Nebraska The
writer cannot estimate to what extent surh
such loans are negotiated favorably for tho
companies making them, sothat all sentiment
In that Erection amounts to nothing,
knowing That the level premium or old llnc
companies have always been happy in stats
ties. this article closes by giving one more
benefit "tabuluted results of American told
lincl life insurance companies from their COM
mencoment TO December, 1885,"
Total receipts. 50 %, tisOo
Total payments to policy holdore l,2!LT1ONi
Excess income. e................. 81, ,OO9.67S4 4ts
Assets on hand ......, ..........,.. G9?, 2Si0D
Used for cX penses. 3l7, ,3Oa81g
Now, MIR. Editor, under the system for which
your contributor contends natural premium
systeml, at least $50. 600 900 of this excess Of
Income would have been saved to policy hold
eis, ns mat system makes no oNactionS for
icNel premium reserve purposes, and consumes
Tess thah one-third .OrcNponsc what the level
premium system eNactS Does the above COM
putatiOn look like robbery Your readers
may decide. Respectfully submitted.
q. &, LAMBERT,
State superintendent Massachusetts Benefit
Association, Omaha, Neb.