Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-01-31

satisfactory progress regarding the new building
that the association Is to erect for its new home
office at the corner of Broadway and Duane street.
He then took up the controversy that has always
existed between what is known. on one side. as
Stock or Semi-N1utual Life Insurance Company
and. on the other side, Purely Mutual Company,
such as Is the Mutual Reserve Fund Life Associa-
tion. He pointed out the advantages as the MEM
bers understood, of the Purely Mutual Company,
and suggested that if the Semi-Mutual Companies
persisted in their unjust and unpopular crusade IL
would be but right TO fight them with retaiatory
legislation, which public sentiment would really
endorse.1
Mr.. Harper concluded:
The foundation principles OF the system presented
by the Mutual Reserve Fund Life Association con-
time the same to-day in the past, which are to
collect from the members the actual sum required
for the payment of its current death claims and
legitimate expenses, the same equitably appor-
TONED among the members according to the age or
the member and the amount of insurance held by
each.
The Reserve or Emergency Fund Is admitted to
be an excess over the current cost and therefore IL
is held. first, for the payment of excessive death
claims, Its object being TO prevent excessive pay
ments from the members in any year: second If not
so required 10 be returned to the members by credit
on their future premiums. in cash at stated
periods. as their contracts provide.
SUCCESSFUL AGENTS.
On October TO- 1891. requistion was made upon
our entire agency force requesting special efforts
for the next ninety days. 1 am pleased TO report
that the following gentlemen have won distinction
and have by their earnest efforts secured warm
place in our hearts, and entitled to the highest
commendatiOn from our officers and directors.
While all of our agents have dohe most nobly in
responding to this call the following are entitled
to special mentions:
+. C. EAMES, Kansas City, Mo.
Z. +. JONES, Kansas City, Mo.
r. W. GRAFT, San Francisco, Cal.
. f. p. BARRY. st. Paul, MINI.
F. W. DEACON. Racine, Wis.
r. WITHERSPOON. Memphis. Tenn.
A. R. MCNICHOL, Winnipeg. Man.
G. B. WOLFSON, Baton Rouge, La.
W. J. SfURRY. Canada.
W. Fl. PAULISON, Canada.
And it is worthy of special note that the nrst two
names. F. c. Eames and P. F. Jones' secured for
the association within the aforesaid ninety days
less sum than 81, 10o 900 new Insurance. all written
by their own hands and through their individual
solicitation. Others have secured very large
amounts, and one and all OF our agency force are
entitled to special commendation for the efforts and
enthusiasm manifested by them in the interest of
our Association. and the Board of Directors have
voted to each Of the gentlemen named a special tes
timonial as an expression of their regard.
In conclusion, will state that your executive
officers enter upon the year 1892 with absolute
fdence for the future. Our Association was never
in better condition than to-day.
To my official associates, to our many loyal and
faithful agents in the field. rs well to the more
than one hundred employees in our office. desire
to acknowledge my special obligations for the help
aid, and assistance which they have rendered in
their respective departments. and to the many
thousands of members located throughout our
country, Canada, Great Britain. France. Belgium,
Germany, and Sweden, who have given us their
loyal support in the great conflict which has been
waged against us. extend my sincere thanks and
request a continuance of their confidence and sup
port. Respectfully submitted,
EDWARD B. HARPER.
President Mutual Reserve Fund Life Association
NEW YORK, Jan. q, 1892.