Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1893-02-12
Thirty-fi Annual Report of the North
wsster. Mutual Life Insurance Co.

To he Poll. l-H0derS Of he Northeastern Mu-
tliqi Lie Insurance Company:
The TX, cutive Committee Of the Board
of Trustees in submitting their thirty
fifth annual report would invite attention
to the established and increasing conf
deuce III the Northwestern. attested by tho
tact that the year 1892 has been the largest
IN results OF any of the thrty-hve years Of
the cOmpany's history. Not only has the
volume of new business been the greatest
even written by the Northwestern III any
single year AMI the amount added 10 busl-
ness IN force larger than ever before, but
both the assets aud surplus OF the COM
pany show a larger gam than IN any pre-
ylous year. The insurance IN force aggre-
gates ssh ,jl2 COB the assets amount to
Sj6 ,23j. O59. ~, aud the surplus is $780,
33LA.
There has been no change in the estab-
l:shed custom of the company respecting
investments. The sum of 5000, 57l.3j.
or more than 80 per cent. of the entire
assets of the company, - loaned on So
curity of bonds and mortgages upon i'm
proved and productive real estate. worth
at conservative valuation Sl35, 7GJ,2IJ.
and not dollar is or under the charter
OF the company can be, invested IN rail-
road or other tluctuatlng securities. An
eminent financial authority has said
No securities are So stable and safe for
the investment Of "a life-insuTance COM
pany a. well-selected bonds and mort
cages. and from no other sound securities
can 50 large "A rate Of interest be realized"
and the experience OF tins company fully
proves the truth of this statement.
In investing trust funds two things arc
essential-trst. absolute safety; second.
income. We believe that both these re-
QuiTements are being better met by the in
yestments Of the Northwestern Mutual
Lfe.Insurance Company than they could
be by selecting any other class Of securl-
ties. The value of such loans as security
and the care with which they are selected
are attested by the tact that with over
$4,000. 900 of mortgage loans now IN force,
and of the whole amount the company
has ever SO loaned, aggregating S93, 920-
III, the company now holds as the result
OF its thirtv-fve years business only
sob l0j of real estate acquired by fore
closure. amounting to but about one half
Of per cent. OF its present mortgage
loans and TO about one quarter of per
cent. of the total mortgage loans made
since organization.
HIGHEST INTEREST RATE.
The interest earned during the year ia
$40 per cent. upon the amount held
January /, 1892, apercentage income which
we believe u not equalled by any other
financial institution of the same magnitude
in the world. During the year the COM
pany has acquired real estate under fore
closure amounting TO $780, ops, or less than
7-100 of per cent. of the mortgage loans.
For long period no year has closed with
so much as per cent. due and unpaid of
the interest earned during the year, and
on July LIST last only S2l, 027, or per cent.
of the interest due in 1891, was unpaid.
The superior quality OF the mortgages
held by the company is due both to the
location of the property and 10 the care
with which the loans are selected. The
loans are oil made by the Finance Commit
tee upon applications received through
special loan agents employed and compen-
stated by the company, accompanied by
full report upon the location. character,
and condition of the property offered az
security and q confidential valuation
thereof, together with q report upon the
business standing and financial credit of
the borrower based upon personal exani-
nation and inyestg ation.
For further information as to rates.
plans, or agencies address
JOHN Is. CARY 4 SoS,
General Agents for Virginia
and North Carolina,
Richmond, Va.