St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1892-02-01
ELEVEN YEARS OF SUCCESS
THE MUTUAL RESERVE FUND LIFE
ASSOCIATIONS ANNUAL MEETING.

935.l4-The Association 10 Erect
New building at Broadway and
Duane Street.-The Total Reserve
Fund Is Now SO, 55,22O.94-DeatIs
Claims Paid Last Wear Amounted
to S2,299,IOS.SO.
The eleventh annual meeting of the Mutual
Reserve Fund Life Association was held in
the Associations palatal offices in the Pot
ter Building, this city, Jan. 9th. II was the
largest most enthusiastic aud most satisfac-
tory meeting i'll all respects ever held by this
organization. A representative gathering of
business men fIom all parts of America was
present
President E. B. Harpers entrance into the
meeting at 1:i5 p. M. was the signal for a
general cheer. Among the gentlemen pres
ent were noticed r. II. Gilman, Milford. Del. !;
Charles E. Darcy, Boston, Mass. E. A. Stat
terry, New York; ii. A. Nuhoff, Carlisle. III. ::
DR.. d. NJ. Caldwell, Brooklyn, N. Y; W.
J. McMurray, William Wilson, Toronto.
Ont; D.. E. Cameron. Deputy Treasurer
of Ontario; DR.. McPuedsan. W. Greene,
Toronto, Ont. II. A Ward ex-mem,
Der of Parliament, Port Hops, Ont; G, II.
Muirhead, barrister. Bradford. Ont: T. Ii
McMurer, Bramenville, Ont a; Horace Thorue
barristers, Toronto, Ont: II. Z. Smallprice
business manager Toronto World; Ira
Parego, Warren Gardner, G.: r. Wright, Nav
York: B, ", T, Amsden, Sing Sing, n. Y. !;
Charles Harper, all of Still Pond, Md. !;
W. c. Page, Baltimore Md; E. P Barry
Fargo, OAK; c. 9. Hendrickson, Peoria, H. ;
j. j. Hamilton, st. Paul, Mimi; F. W. Dea-
con, Racine, Wis, Warning Kennedy, To-
Tonto; Canada: John J: Acker, Albany, n
Y: w. L. Better, Sedalia. Mo; S. w. Wray,
Philadelphia, Pa. George NJ. Kellogg. Hor,
nellsville, \. Y; f. d. Ludwig, Erie, Pa; D.
Il. BesSette, Montreal, Canada; W. w. Har-
per, Erie, Pa; David Murray, u s. Accident
Association; b, II. Robinson, Omaha, Neb. :;
j. P. Scott, Philadelphia, Pa; Hon. W
G. Jones, ST. Louis. Mo-: T. 2. Baldwin, Bal
timore; c. K. Lehrburg, Owensboro, Ky. !;
Gen. Isaac H. Shields, New York; Edward NJ.
Ont. William Hagar, Montclair, N. j.; j. r.
Spaulding. New York; c. W. Skellen. New
York; Edwin 2. Weed, Brooklyn, y. Y; E.
NJ. Castilleu, New York; Z. R. TAYLOR, New
l. Ford, philadelphia. Pa: A. Frohman,
New York; Il. n. Newton, Nicholson, Pa.
John McLay, Toronto. Ont; Hugh Kofke
New YORK: A; H. DennisIon, Woodside. L.
T. IL John M, Muliigan, Yo M n; Y; Y. A.
Hon. T. j. Latham, Memphis, Tenn; L. Y
Naming Boston. Mess; VIM. A. Hunnewell.
Boston. Mass; Col. James CLARK, Brooklyn;
Hon: James T. Walker, j. W. Roam w. D.
Williams. New York; Dr. c. E. Price. U. S.
n
A. j. Cummings wholesale clothing, st.
Paul, Mimi; Mr.. Jones, U. s. Accident AS
ISOLATION; A. 9. Wall. Goshen. n. Y. II. K.
Wilson. E. A. Slattery, Homer Pennock and
lain. BROOKLYN, n. Y: W. d. Horton, Geo.
A. Ayres, j. NJ. Townsend and L. d. Mowry.
New York; Bart M. Brown, Staten Island:
7. F; Baldwin. New York; c. g. Hitchcock.
Gall Gallash M Troy; N y; W. G. Wal
York: G. L. Miller, EngleWood. n j.: the
Rev James Higgins, Brooklyn. n. Y; j. II.
Patterson, Belfast, Ireland; j. P. Scott,
Easton. Pa; c. Fl. Smith and Louis Smith,
both of Brooklyn. and the following named,
all of New York; +. W. Baldwin, E. Zabris.
kie, Thomas Lifts, Frank Moore. John Hag-
gerty, j. NJ. Crapsen, a. G. Perry, W. A.
Aagan. Frederick Moeler, G. E. Barnes,
Duncan T. Duncan, Fred A. Leavitt A Lin
coin Colyer, Fred II. Cooper, George P.
Clark, w. B. Baldwin, Charles c. Boland,
George r. McChesney
The Eleventh Annual Report OF
President Edward %. Harper for
the Year Ending Dee. 81. 1891.
The first real business of the meeting was
the reading by President Harper of his an
nual address, as follows:
To the Officers Directors and Members OF
the Mutual Reserve Fund Life Association.
GENTLEMEN: The work of anotherve Is
complete. and we enter upon the secoud
year OF the second decade of our history
under even more favorable auspices than
have ever before existed. The eyer-con-
slant, never-ceasing march of this associa.
ton from success to success, from victory to
victory. astonishes even its most enLhu-
siastic friends, while its enemies behold its
trlumphS with amaZement and seem para
lyzed with its progress.
The natural premium system of life insur-
ance as eXemplifed by this association. of
which 1t is the author, originator and prac-
teal exponent has for the past eleven years
been tested as by fire, aud it has not been
found wanting in any particular.
ASSETS.
We have increased our gross assets during
the year 1891 from ST. $50 lis 30 to ST. 340 POP 90
being an increase for the year within a frac-
ton of half a million dollars.
RESERVE EMERGENCY OR SURPLUS FUND.
Our Reserve Emergency or Surplus Fund
has been increased during the year 1891 from
the year of S3S2, 935 IA. This amount will be
still further increased by the apportionment
of the December Bi-monthly Call, which is
not included in this report.
INTEREST RECEIPTS.
Our interest receipts for the year have
been 1923, 336. 81. AS this amount has been
realized from investments made upon the
payments of the members and largely
contributed by those who have. been mem
bers of the Association for many years it
citation has received increased PAYMENTS
from lis older members without increasing
their rates above the age of entry This
amount added to the increased receipts from
the Bi-monthly Mortuary Calls realized from
new members. amounting to more than Sl25,-
030 has materially assisted in the payment of
the extraordinary death claims caused
through the excessive mortality ex-
peIenced by the e,nno Association Hi by
almost assumed an epidemic form in very
many sections of our country, and has thus
enabled the Association 10 maintain its rates.
as heretofore, at the age Of entry aud yet
promptly paying it's death claims in fun
usually long before the same were due.
SPECIAL EMERGENCY FUND.
AS provided by the resolution of General
Isaac II. Shields, of Philadelphia, an d ,lnani-
mously adopted at the annual meeting held
Jan. %, 1889, the Special Emergency Fund
has been increased within the year from
held in six of the strongest and lead
ing banking corporations of our coun-
try. The object of this Special Emergency
Fund, as provided in said resolution, is to
enable the Association to anticipate the pay
ment of its death claims after an assessment
has been made without being compelled TO
wait for the payment OF such Mortuary Calls
by the members, and the practical experience
of the Association in connection with the
Special Emergency Fund has fully demon
strated the wisdom displayed in the adoption
of the aforesaid resolution.
INVESTED ASSETS
AS will be shown by a detailed statement.
which will be presented to each member OF
the association, S194,0 have been invested
during the past year in bond and mortgage,
being first lien upon improved property
in the city of New York increasing the
amount of such loans held by the
association to S2,2S7, 90 and produc.
ing an interest income to the Association of
more than 100000 year. An examination
of the detailed statement will show the date
when each loan was made. the record book
in which it is recorded by the city officials.
the amount of the principal unpaid, the rate
of interest the value or the land mort
gagged, the value of the build
ings, the amount of insurance held
by the Company on the buildings for the
protection of the loan, and the exact Ioca-
ton of the property in each instance is
given, SO that every member of the Associa-
ton may personally examine. or cause to be
examined, every piece of property upon
which the money of the Association is
loaned, and thereby will be enabled to Judge
for himself as to the security and care eXer-
cised by the offers of the association in max
ing said investments.
1t is fact worthy of note that the Mutual
I 70 1,at,1, A.