St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1891-04-05
THE NEW YORK LIFE INSUR-
ANCE COMPANY.
William III. Beers. President-Mag-
nificent Exhibit for 1890.

William III. Beers. President-Mag-
nificent Exhibit for 1890.
The collection and disbursement of
the national income has been a prom
nent plank in all party platforms for
many years; favOrite theme upon the
hustlngs; the burden of the oracular
utterances of the cross-road Solomon:
and the shlbboleth of the political DEM
agogue.. Every sO-called political re-
former has made proclamation that he
could and would solve the problems con-
nected with the subject, but has usually
ended by leaving a worse middle than
he found.
In sharp contrast to this war of words
and scramble for the ''loaves and
flSheS. are the habits and methods of
great life insurance company like the
New York Life. Eschewing the stump
speech. the torchlight procession and
the dealing with men in the aggregate
as imperfect and unsatisfactory, it has
followed the methods of the wise kin
dergarten teacher and taught thrift,
economy and the care of loved ones by
means OF object lessons. These object
lessons have drawn pupils from all over
the world, till now mighty host rests
secure under its protecting Rgis.''
ne forty-SlXth annual statement of
the New York Life Insurance Company
is well calculated to inspire among its
friends feelings of rejoicing and a
higher degree of confidence in the IN
tegrlty and usefulness of the company
IMAM at any former period of its success
fui history. The one fact that the
s0lldlty and reliability of the company
are so clearly brought out by this yearly
report is OF mOmentous import to many
interested persons on both sides of the
Atlantic, including the army of policy
holders, which forms an integral part of
the company itself. Each succeeding
month adds thereto. indicating the ac-
celerated momentum of the business
transacted.
The New York Life Insurance Com
pally, Mr. VIM. H. Beers, president,
ranks among the leading financial insti-
tutlonS OF this country and of the world.
Its accumulated money capital comes to
Its treasury as the wise and deliberate
Investment of its more than $4,000
policy holders. These persons are
prompted in their action by the nobler
sentiment of our common humanity.
Most of them having assumed the hon
orable and responsible relation of heads
OF families, feel under obligation to
make provision for dependent ones in
the best available and most secure way.
The system of life insurance on the
mutual plan opens up means to this
end.
The New York Life has now reached
point in financial strength where
failure is impossible. 1t is destined to
go Oh Its beneticent mission with added
resources and wider field of opera
tlons. Now, the paying out of more than
S2O,0OO,00O a year as an honest and
earned due to policy holders involves the
timely succor to many bereaved house
holds. the keeping together of the
family intact, the education of the
children and other home bless
lngs; This yearly disbursement must
needs be larger year by year, and
as sequence the area of bright
clouds in the social armament will
broaden and extend Its cheering rays in
the days to come.
Speaking OF its last years income, the
company we'll says that "men do not
pay out such sums for nothing" Esti-
mating one man to policy, over one
hundred and seyenty-three thousand
men have personal, proprietary inter
est IN the New York Life.
When we consider that this Company
IS only forty-SiX years old, we gather
some idea OF the recent progress, pres
ent popularity and probable future of
life insurance.
Minnesota
l. What Life Insurance company Sc
cured the Largest Amount of New Bus
mess in the State of Minnesota during
1890? -
ANSWER: New Bust
company ness Written
New ork Life ......................S3. OIL $50
Northwestern 3.3S1. 697
EfqullaoIe ,466,952
2. w ich company made the greatest
gain in insurance in force in Minnesota
during 1890?
ANSWER: Gain in Insur-
company ance in Force
New York Life % 5l0 az
SorthWestern. OBSERVATION-DISCLOSURES. .127, $50
Equitable / 116 5IS
Mutual Life AS q60
The New York Life Insurance Com
pany has done more for the state of
Minnesota than all the other life insur-
ance companies combined in the cree
ton of the eleven-story palatial office
structures in each of the cities of Min
neaDolis and ST. Paul, and by the in
vestment of upwards of So, $780, 0O in
bonds, and bonds and mortgages in and
of the cities and state.
Mr.. William II. Beers, president of
the New York Life, has brought his
company not only to the front but way
ahead in the lead, and is too experienced
a life underwater to be caught mapping
in the height of his well deserved popu-
lar successful career.