The sun., 1892-02-03

adjoining property since made By other peo-
ess es ssss
s scn not tse ssss Ss sySop a s S s4ssss
vel wei, ,s., ssc,nssidered: s point yoa 70 the
= asH ,Seprs tsas eplS sr
nature oi whose business makes large scea.
mplations Of money, necessary. that the money
q hosS ssans Of tie esantry
emanatcs In this case part q the money ,
or even dsSbtfai Investments is, one
sa,s Siyertisemsn,s@ @ q the theS Sso@psny they l@tSs TIE
smnenty sr%e fSe witch
these buildings serve especially TO advertise
ssns pSs sTds no sss MsntsSs S
ra.k K"nT9s hs Missouri, Texas and indian
one one or % more Of the cities II which the build:
wSss s { The Fly i
n s hs sysn0ss ssGse shs sad
Writ The tue IN the eioy
two whs sS donrs Sn Ss
gate has steadily increased until for the
ls% %", sisSs nqS%dsSS and t%%%
sssurIel @ I' IN That feId during that @ year "Sy
was the quantity Of the business re remarkabie n
t dnt Its quality "a was such IS to make NJ II most
Is sae 70 s sueh resus hsG
been obtained. ! may add. bv way Of general
:SSmwent con on renl estate matters that while
Of, Of real estate. estate. and has nine hundred
scattered not only through inahy ni'' states of
ture Of It's duties madS it necessary perhaps a
TO omit comment on the real estate transac:
II Shn rrHts nays Tss4 % @ and
cells which he discusses: but, your interests
reach r,ash further; and you, win naturally be
tie fompa%vs " tot" f Soinrs Hs s'Stsu Gqt also so
II these related facts tell YOU anything it is
the probable existence to-day Of q surplus
ali accept tie s intend snres. % Yet as
you and are peculiarly Interested in the whole
case. we are permitted between 2urselvss to
pose. Tor exsmplo. that, The saperIntendent
has ACCENTED the .wsll;known, opinion Of
real estate rs to the value OF the Paza Hotel.
mTn iEo IN and tI
our Home ONCE building on a rental basis OF
five per cent. net, and that he had acceptGd the
tSs S 1 Is Of the GrSd
his net deductions on real estate. including his
heavy deductions en- Holhrook Hail. would
thousand three hundred and nine. dollars
Twenty-Five cents. This alone would increase
our surplus eight hundred thousand dollars.
| AGENCY MANAGEMENT-Under the head Of
Insurance says That, Funds ot the company
lars have been advanced to these agents with
out interest and uron insufficient security.
9 b T ia e to ns
Agency Department; tho facts IS ought. there
tom tenn upon which advances have been made to
agents by this company and by other life com,
sares "ssd bens III n and
not the , terms OF any actual existing con-
The soeaps wsS y Blown sny sT spters
State. that he shall receive commission Of
tweItyHe rInt Of oths he rst
| commission Of five per. cent. on each renewal
premium paid on such policies Brown. q
others as sub: :asepts. and he ordlnsriiy pays
them the twenty-five per cent. commission al
HH% nun brown e rees his Hn 4zs
missions for his own compensation; but while
me etnues asGs S9sw seSSs ses ds rs 5
against mmissions for his living expenses.
| such amount being regulated by the circum-
Jones he will be obliged to pay more, than
Brown is obliged to make new arrangement
With the company. Instead OF increasing
to Hm esua WS
Of
| curt" for the advance. Brown Is now able to
pay Jones thirty;,iive per cent. commission.
end end Of Of tho h year Brown is apparently in in
to th in an
By by Jones. % st and nc the larger tie business the
larger the apparent debt; This will continue
such tine as the Sd s Kept IT. on na tine
business annually, done In a rapidly increas-
ins Business M this result Tl nc, not be
what. the business was actually worth.
crunE Under his contract win exceed the total
cost Of the years business. browns business
ton to its vol a%s @ than heretoiore and bis 50:
called indebtedness. as it appears un der his
I oas seoW% reazs lea
the profit for which he has worked The com,
sHtsnt in thS future: and Is
es mot
tanned for his own uses. He has simply used
ness. If it should ever happen that Browns
renewal commissions fail to cancel the debt.
what it cost Brown aud tho com pany has taken
good care that the total amount Of commits
sions ana advance received by Brown should
never he sum greater than the new business
secured by him was worth.
| l.. C. VANUxEM 4 Gothic Superintendent
| criticises the agency OF Messrs. l. {. VanuXem
4 Co ut Philadelphia. Pa. and alleges debt
| to the company on account Of what he terms
| "cNtravagant allowances" +" Of several hundred
tion above Of the method on which y general
agents business is condncted. and the man
| ner in which All apparent debt might be con-
tractcd. when / state that from eighteen
eighty;;seven to eighteen ninoty-one incln-
sive. this, firm wrote, business aGEregating
lars. clear explanation is Afforded you
Of how under the above practice n large
lar agency. the advance contemplated in our
| illustration took on various forms under