The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1892-12-31
FOUR HUNDRED THOUSAND.
That's What the Citizens Of Indiana Pay
Yearly TO the Mutual Life OF New York.
Il Great Financial Insfftution-T The General
agency Established Here-Sone
Old Insurance Policies.

The general agency of the Mutual Life
Insurance Company of New York may now
be found on the second floor of the LON.
bard Building. in the handsomest and best
arran ged of1ice-rooms in the city. That
this agency Is now here is q matter of some
financial consequence from the fact that
there will be paid into this office annually,
ny the c~itizons of Indiana, no less than
500, 600.
GOV THE AGENCY CAME HERE.
The general agency has been heretofore
at Detroit, the three States of Indiana,
Wisconsin and Michigan being in that
agency. Mr.. Charles +. Newlln. who is
general agent, was given that position on
the lst of last November. the appointment
to a effect on Jan. ]. 1893. On the 14th
of November ThomasF Ferguson. of Detroit.
died. Mr.. Ferguson had been general man.
ager for twenty-six years, and his death
made 1t necessary for MIR. NewIin to take
charge Or the general agency on Dec. ],
when the new ffices were opened in the
Lombard Building. rooms Nos. g TO 10. This
Is the first time there has ever been q gen.
eral agency of the Mutual Life of New
York In Indiana, although the company
has, perhaps, q fourth more business In the
thDh oily OAnphn " ~
world. its cole sfons amounting to over
$780, 900 q yenr. The agency here is
we'll equipped for business Room g Is de-
voted TO the general Office work OF the com-
pany. Here Is where the general public Is
admitted. and whore the premiums are re-
ceived. Room z Is the supply room. the
handsome hard cases of which hold
the needed literature and stationery. In
Room Z are the cashiers and bo0k-keeepers
desks. and q Smith Premier ty pc writing
machine. Room = Is the private Office of
the general agent. This is furnished with
care and taste. There is in addition to the
solid furniture and handsome carpet q col
lection of choice etohings. which wou)d he
q valued addition to any parlor or library
in the land. Room 8 is the domain of the
medical examiners. and is fitted up with oil
necessary appliances tor the rapid and con-
v%enient examination Of applicants. Room
10 Is the Office of the local or city agents
PERSONNEL Oh II AGENCY
Nh. Newlin. the general agent. is well
known in Indiana. especially In educational
circles. as for ten years he was engaged In
high school work. On April 1. 1890, he took
service with the Mutual Life and went upon
the road as special agent. In March, 1891.
he associated himself in the firm of Carr.
Newlin d Reed, OF this city, district man
ayers of the Mutual Life for central Indi-
ana. He continued in that place until the
first OF December. 1892. Mr.. Newlin is. so
far as service is concerned. the youngest
general agent In the United States. having
reached the top of the ladder in three years.
The cashier is DIR. s. Newlin and the private
secretary is Miss Carrie Unthank. The
principal local agents are IL. A. Reed. Rob.
ert Clark. NJ. +. Wiles and LOUIS Crents-
berg. while the medical examiners are the
w~ell-known physicians, Drs. Allison Max.
we'll. j. NJ. Kitchen and Guido Bell.
TO CELEBRATE A sEMI-CENTENNIAI.
The Mutual Life is the oldest level
premium company in the United States,
having begun business Feb. 1. 1s43. 1t will
celebrate it's semI-centennial in q few
weeks. 1t will begin the second half cent
urv of its existence with assets of over
Sl73. 600. 900. This showing makes IL not
only the largest insurance company in tho
world but the largest monetary corpora
ton on the face of the globe. Its growth
has been wonderful. but substantial, ami
IL stands today as q marvellous financial
ENTERPRISE. The Mutual Life has paid to
It's pollcy -holders since organization over
$500. 900. 600. It has had an interest income
of over Sl29. coo. 600, which has paid all the
expenses Of the company since it's organi-
cation and has saved out of this interest
fund n clear profit to the policy-holders of
over sos, 900. 000.
In this company the policy holders get the
entire profit, as there Is no stock TO receive
any profits from the business OF the com.
pany the organization being purely mutual.
and every policy-h0lder having q voice in
the management of it's affairs.
SOMETHING NEW IN LIFE INSURANCE..
In celebration of the semi-centennial, in
1898. the Mutual Life will begin to issue on
Jan. 1 two new policies of q character
which has never been issued by any In
surance company These contain features
which will make them very attractive TO a
class of men who have never been inter
ested in life insurance. One of these will
be known as the continuous instailment
policy. This guarantees q safe investment
sor the beneficiary at a rate of interest
considerably IN excess of that which could
be secured In any private investment. Civ
irg at the same time absolute Sc curity. and
also being free from taxes. This makes
such an investment as good as an invest
ment in government bonds.
The other policy Is O 3 per cent. de-
benture. and comprises advantages never
hitherto afforded. and which must com.
mend for u a wide success.
A FEW MODEST CLAIMS.
The Mutual Life does not claim that i,
issues tie only insurance worth buying. II
does claim TO duplicate any policy issued
by any company in the world, and in addi-
tion issues several forms of policies ISSUED
by no other company. It will thus be seen
there Is no reason why any one wishing tC
oaI ohVAAN 0aAO " tAUGl lDlCu
with n new. untried plan or institution
when be can secure the same thing. at the
same price. in u company with u half cent
ury of experience. unqusstioned financial
stability and an unexcelled record.
FRoM TuE AGENTS STANDPOINT.
These facts make the Mutual Life the
most desirable company from the agents
standpoint. since 1t is not necessary for
him TO waste his time talking company
for the Mutual Life Is known every W here
and has friends IN every county by the
score. The agent need DO nothing but sell
his insurance. thus saving much effort thai
Is expended by the agents of other com
panies IN trying TO con vince applicants fol
insurance that his company is reliable
This one fact makes Ii possible for an agen,
TO sell more business in "A years time with
the same effort for the mutual life than for
any other company granting that other
com panies Issue as good policies.
Those who are intending 20 continue OF
TO enlist In the insnrance hnainesa durinn