New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1892-01-28
UNPARALLELED SUCCESS.
WHAT THE REPORT OF HENRY J. REINMUND
SECOND vICEPREHDENT. SHOWED.

WHAT THE REPORT OF HENRY ]. REINMCND.
SECOND vICE-PREHDENT. SHOWED.
When President Harper closed his report there was
prolonged applause and he acknowledged the response
~ his cOwOrers by remaining his feet and b0w'ne
several tines Then he iutr' ducod second Vice ireS
dent Henry J. Renmund In q few complimentary
illusions TO that officer who, he said Lai
made en- Official investigation OF the Mutual Reserve
Fund Life Association. FOR which duty lie was es-
pecialy capac!tated by reason Of his experience a.
Insurance Commissioner Of Ohio. and be had accepted
his present Office because he believed in the SYSTEM ana
In the face Of large offers Of remuneration coming from
COMPANIES representing other systems. Advancing TO
the desk TO respond officially Vice President Reinmund
said:
would preface my report with any remarks, but the
Iery Complimentary introduction me Pe'ident iHlS
uven me merits an Acknowledgement. VIII sa!,
also, that did hot expect to be disappointed "ieI!
J Eav Iccn oi,app"inted-ihat f.. my expeditions
Of it, success, ts stability and worth nave Ueeh Iul
exceedcd .,... ,-,,.,
YOU. Ike myself, have doubtless been gTatlied
and proud near. and which j. 80 highy sadsiactD}
upon your time only TO point out a Jew iacis "mon
Indicate the steady progress and stability OF this graz
Association, and which consequently s1D fi 90,
permauonce aid success OF the Natural premium ~
' The sncc, Of aay undertaking Is measured by lie
achievements and by the comparison OF It's results WIN
those Of similar enteI-es 3d "neH u Ne, ARE com
eclipse those already pronounced SUcce,.lM we are OV
pellet to acknowledge that the prosperity Of The udei
lore in oder to impress you with the fact that
The NJntual Reserve is a succes~fU Institution, l Will
fHH' feyo 1s Icn of tie New York state Lie Insurance
Companies. Eliminating from mi, cOMp1ris'n Tor ilie
Tine acng the 1-icc largest Level Premium comp1nics
the Equitable, the Mutual and New ok IAr' inus
combating thc remaining eight stue Sonpaa'9l t,,ai
Re-ervc during the past year wrote over fJVUDoVD vi
new Insurance than all the other Ne" orh St"
Life Companies the total new business Of these Qn
tf.ieo.772 whereas the new business written BY this
last
AGAIN. at the end Of the eleventh year.. these com
tsit .1 l 5 30 shown 65 the Mutual Reserves
.;atcmcnt az excess in favor Of this Association Of
i,.rtacrinorc the Mutual Reserve during the year
1891 dl,bur,ed in Death Claim, over S7oo'Goo more
.iau dd all Uhc,e Companies combined DUNK IN. Corr
spending year Of each. the ,aid III bu-rme,' D thee
Ccmpaue, amounting 10 Sl40i,4-2 o. WhI.e llo A.
ISOLATION PAID 10 the betehCiaHes oi ~ oeo,d1l "t v
bcrs ~ 2!O10. 20. and still il Income Wa less ,
tIce-iithS 81 the comblitd income 2l ines 'tIlH'
The hitter being %6OJHO'6 Il, against our INCOME Vi
90. 7O4.12G II. A., -
sulting from the excess OF new business ana me Er'aci
amount Of Insurance Al risk. the expenses Of manage
mcnt Of tiis Association Tor the year lcJ1 were nearly
b3e4 900 less tlau the con5nci eApehSes OF " ~
Premium Organization, trey icing I'f""It ~ ~,
expenses were but s1O' % a." or ~ 10 - each FoO'
in force December 81 last 49, - .... ., 40 ,,,.oo
The figures for The eleventh year OF TWO OF the mr.
largest of the Level Premium Companies mentioned are
not given, a. the Sew los. In-Grance department mI
pleted the year In question bat IN order 70 snow mat
the which the Mutual deserve ha, already al,
iIat II va, not until the twenty fourth wear Of me
EautabIc the twenty-cichth year OF the Mutual LIE
and the fo,ty-third year Of the New York Life. that
each of te.c companies could show large amount
Of insurance I'm force as The Mutual Reserve had at the
close OF IT, eleventh year.
Not alone in this country has the Mutual Reserve
been an unparalleled success but the result, already
achieved In Foreign field, Indicate greater ftdc pros
Ierty and IL IS with parionablc PRIDE thai we point 10
The following evidences Of our steady progress ana SUD
stsnilal growth I'm other countries.
Our records show that we had In Canada, at the be
ginning the I-9l insurance IN i0-Ce dHOuhlluP
III III , $50 800. and at tho close OF the year TINS
amount reached SI4.GIj,sOO, the mortality on which
wa, but ~ IL 10 each - 900 Of Insurance in force 3ri
Dcceuber last Agan had In force IN Great Britain
at tho beginning Of the year S1l 4Sj9Jo, and n France
sweden ard otter Foreign Countries. F4.JlJ"O. which
amounts were increased that al the close OF the year
they reached Sl4 4DO, 900 and $G27j.ls3 RESPECTIVELY
Susiness I'm force the end Of the year 1871 re-
,pectlvely but - % and ~ 30 -
we hcgin the lSS with gross assets Of S13i9.-
POO Og and after dcducting all actual and imaginary
i,hlities therrfrOm including the voluntarily assumed
yaIntion Of J7OO12 for al pOliccs 10 force 3lst De
,cmhcr last there remain net cash dad Invested
nrpus Of ~ D2j 493 % and during the past year we
hsve added nearly 100000 to HcseIVc or Finer
rency Fund making this fund SI.lJj.22O 81.
Rejoicing IN the fact that every department OF our
rrani.atou is free from even The taint OF dishonesty
or scandal and that many field workers aud oice
employes are loyal industrious and energetic can
oniy add what better evidence Of the successful eco
nomical and conscientious multiplication 81 your eN
ecntive orcers need be presented desired.
respectfully submitted, ,
HENRY J. REINNI'ND,
second Vice President
New-York. Jan. 81, 1852.