St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1892-02-01

ISOLATION by the Insurance Commissioners of
other States, and he reported satisfactory
progress regarding the new building that the
association is to erect for its new home office
at tue corner of Broadway and Duane street.
He then took up the controversy that has
always existed between what is known,
on one side, as a Stock or Semi Mutual
Life Insurance Company ana, on the
other side. Purely Mutual Company, such
as is the Mutual Reserve Fund Life Associa-
ton He pointed out the advantages, as the
members understood, of the Purely Mutual
Company, and suggested that ii the Semi
Mutual Companies persisted in their unjust
and unpopular crusade it would be but right
to fight them with retaliatory legislation,
which public sentiment would readily in
dorse.]
Mr.. Harper concluded:
The foundation principles of the system
presented by the Mutual Reserve Life Asso-
citation continue the same today as in the
past, which are to collect from the members
the actual sum required for the payment of
its current death claims and legitimate ex-
penses, the same equitably apportioned
among the members according to The age of
the member and the amount of insurance
held by each.
The Reserve or Emergency Fund is adj
mltted to be an excess over the current cost,
and therefore 1t is held, first. for the payment
OF excessive death claims It's object being to
prevent excessive payments from the mem
bers in any year; second il not SO REQUIRED,
their future premiums, or i'll cash at stated
periods, as their contracts provide.
SUCCESSFUL AGENTS.
On Oct 10, 1891, a requisiton was made
upon our entire agency force requesting spe
clal efforts for the next ninety days. | am
pleased to report that the following gentle
men have won distinction and have by their
earnest efforts secured warm place in our
hearts and are entitled to the highest COM
mendation from our officers and directors.
While all Of our agents have done most
noby in response to this call. the following
are entitled to special mention:
+. G. EAMES, Kansas City, Mo.
r. F. JONES, Kansas City. Mo.
X. w. GRAFT, San Francisco Cal.
E. p BARRY, St. Paul, Mimi.
+. w. DEACON, Racine. Wis.
Il. WITHERSPOON, Memphis, Tenn.
A. x. MCNICHOL, Winnipeg. Man.
c. Il. WOLFSON. Baton Rouge, La
W. j. MURRY, Canada
W. II. PAULISON, Canada
land 1t is worthy OF special note that the
first two names, &c. Games and P. F. Jones,
secured for the Association within the afore.
said ninety days no less a sum than 81, 100, 900
new Insurance, all written by their own hands
ana through their individual solicitation
Others have secured very large amounts and
one and all of our agency force are entitled
TO special commentator for the efforts and
enthusiasm manifested by them III the inter-
est of our Association, and the Board OF Di-
rectors have voted to each of the gentlemen
named special testimonial as an expression
of their regard.
In conclusion will state that your eXecu-
tive officers enter uDon the year 1892 with alb
solute confidence for the future. Our Asso-
citation was never i'll a better condition than
today.
To my official associates. to-our many loyal
and faithful agents In the field, as well as to
the more than one hundred employees in our
office, l desire to acknowledge my SPECIAL OBJ
legations 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, b. lgium err
many and Sweden, who have given us their
loyal support in the great conflict which has
been Waged against us, l extend my sincere
thanks and request a continuance of their
confidence and support.
Respectfully submitted,
EDWARD B. HARPER,
President Mutual Reserve Fund Life Asso-
citation.
New York, Jan. q, 1892.