New-York tribune., 1891-01-29
from the people the excessive premiums above
the current death claims legitimate expenses.

have expected average age Of our members
would have rapidly increased DIT such fact
the average OF members Is to-day within
fraction Of what vas nvs which explained
by of the fact tina, who ,emn1,ed their
in 1880 averaged from three older
than those VINO received into the association
and explains why the mortality association
within the last few years. well that Of other well.
managed life Insurance companies has when applied
TO association or company whole. increased from
year to year.
FOREIGN DEPARTMENTS.
pleased in being able to report to you that our
association been formerly established, and is
sransactng large volume Of business in several Of the
foreign countries
GREAT BRITAIN.
Great Britain, the direction OF DirectOr.Genera
E. d. Jones. with Mr.. a. +, Harvey Director Of
Agencies Colonel James I. Griffin as Treasurer, f. X
spers as Controller j. A. Hyland Cashier with
efclent Board Directors which includes the present
Lord Mayor OF London well as other distinguished
British statesmen sending forward each week
satisfactory business from not only England bu ~
web from Ireland, Scotland and Wales
In friendly competition covering period OF three
months year. is to the credit OF the Liverpool
datment under the direction Of Manager HarVery that
It larger volume of business than any other de-
partment association and It is worthy OF mention
that the department and Montreal department Of
canada respectively second and third places
Ia this friendly contest
FRANCE
Tn France under the management Of DirectorGenersl
stephen IL. Tying, who is ably supported by that dis
ngushed gentleman, General the Prince dc Pohshae' -
the acting president for France with Mr. jacob DO Neui
Vile and de Vaux. eminent bankers Of FRANCE -
I A. other distinguished French gentlemen who occupy
the uo,ition OF of CONTROL am pleased to report
tbat under the direction OF these distinguished gentlemen
our business in France is rapidly Increasing
GERMANY.
an reased IN be able to report you that the courts
., uamhurg Germany in October last issued an order
ond nroelamation authorizing the Mutual Reserve 70
transact business in that territory ana ateady 'e!
satisfactory volume OF new business Is Dehg fece"eo
from Germany the immediate direction oi mes"fs
oh ,ese VINO are gentlemen possessing great ability ana
integrity and have long practical experience IN tAs
business OF Life Insurance.
SWEDEN.
Tho Association established headquarters at Stock
.r sweden some two years ago, and the volume Of
business received that country has been qus con-
siderable. The same Is also true oil fhiaha'
Ihs territory under the able management Oh DneSS'r
General Captain Z. n. Ahisrom, VINO hoh0' " !" H''
presence to-day. 80. co..,,on,, n
r,r,r,.,t and we have already received very large
volume Of business from that country.
I am peased in being able 10 present 70 you to-day
,epresentatyes from nearly all OF these foreign countries
who will be able speak 10 you III person anu eApNn
20 YOU the prospects the Mutual Reserve IN uese loF'
elgn lands. .,,. &. -,
1t is very fact that our mortality IN AL
OF our foreign has been only ABOUT oheha
,oat "A the mortality Of the Association in our own
country. o,
FRIENDLY ASSOCIATIONS.
It with much pleasure that able 10 report that
our relations with associations similar TO our o"h i"0uu
ing omen associations well friendly ORDERS are Oh
the most cordial character and IL has always been our
pleasure to heartily cooperate with all honestly ha1s4
lie insurance comrases SECURING equal rights oeiors
the law and full and ample protection In all o 'Ae '''
To every honest and wellmanaged instltutloh'
1t is my opinion should help 10 perpetuaee 'his
union for our interests identical Having as We
have enrolled upon the books OF the various assesse
associations OF America nearly onequarter Oh e of'
Of the ned States, than two million h'e nun
dr4d thousand members, distributing Larger sum u ue
widows and orphans yearly, with nearly twice .he '
OF insurance in force and with fraction OF the eApa'e
OF the od.system companies, 1t Is not al al HAcs a'
IL We continue in harmony each WIN Ihe o'iei.
that anv representative OF political party WI" is
continue 10 hold office who shall deny to honest orgahA
tons who tIlnsact business upon the assessment pan Inv
right so 70 do in any State in the Union "
We should be- e., ,er ready to sink political opn'
cns in order this end might be attained anu III ~
event that rights be obtained through
lives OF either Political party now IN eNi''ehee' s ~
demands shall 10 it that another poiiuc pSfv
through whom the rights Of our se'e@
ORGANIZATIONS may be secured and maintained
The two hundred thousand voters enrolled upon our ooHs
~ Members I'm the great State OF alone s an army
Of 10 mean pic portions ana with proper leaders We "o2
be able 20 give battle any other organization. political OF
otherwise, IN existence " cay
ENDOWMENT INSURANCE
In the introduction and establishment OF the Assessment
or Natural Premium system Insurance we have nos
in past advised that the assessment ASSOCIATIONS snou"
introduce the system OF Endowment Insurance iCr me
recognize the fact that the other Old system
oganiz atoms already established largely occupying
their attention propagation OF the speculative OF gam
bling Lie Insurance under the guise ana utle VI
investments bonds, consos and Tontnes Recently an
attempt been made in behalf CT the Monopoly LIe
Insurance Companies " COIN ne" oeIiis'on AVi '0
word endc wment,"
The law OF the state Of wisely provide, that
Assessment or Premium Company may accumulate
reserve emergency surplus fund, and II "aS ou'
natural conclusion and right ooeAsting with TIE hght
citizenship having created by authority OF the law u'
fund that when the past and nc LONGER
exists and the member no longer desires 70 continue n
contact that the Oyerpaymeht by members to the SAID sur
r o emergency fund should be returned 10 the member
to whom it belong, periods. That Is ii the mem.
her had paid to association 900, within given nuOer
Of years provide for emergency iund ana a, .hs
expiration OF stated periods but $40 0t the 9lOo eoh'oua
maid y the member Should have been required by te
I'm that event is but natural ard rsht that Ne
ASSOCIATION should That member the extra sio o"'
the old line mohopoes using their influence " secure
ling by which return Uf this slO houIi Dc eohNeue
endowment Insurance. ara therefore s0ui1 nv ~ 49,
nlttcd to be GCne. ~
Ny reply this crusade on the rat oi me oo''1c
le insurance monopoliCs L. admitting theF sa''nen'
n be correct which nobody will believe for moment tna
even So the right pay back 10 the member the excess
pmiums paid Just, proper and Legal and that IL Is Al
IN suit TO Intelligence for these monopoistc concerns 70 Az
tempt 10 Introduce this definition OF endowment ihsu
ance but II the be made viii accept IL anu
meet the rascals fairly and sauarey without fear rs 10 INC
result since We full well tina: the Legislature
the state NcwYork viii not nGorse such poposiu0n
In that event, issue will be made. not whether ~
assessment organization shall have the light 10 return
member any excess premiums paid by him. but whelAs'
the rznt selling endowment insurance (hot consoIs w
,cs;ncut bonds Iontnc swindIes snail be monopO
1cd By few concerns called Old Line Insurance Com
panics. .
course know full we'll that these old system NO
Insurance companes entitled % sell endowment
Insurance ORGANIZATIONS. PROVIDED Io "
compes the organizations to set aside e sou
reserve fund furnish the same protection U 'hc "
..LLI I.l.c suCn WIZ