The times. [volume] (Richmond, Va.) 1890-1903, 1893-02-26
Thirty-Fifth Annual Report Of the North
westsrn Mutual Life Insurance Company.

Ih1rty-fIftn Anuust report VI th0 S"fs"-
western Mutual Life Insurance Company.
To the Policy Holders OF the North
western Mutual Life Insurance Com
pany:
The Executive COMMITTEES OF the Board
of Trustees I'm submitting their thirty
fifth annual report, would Invite atten-
ton 10 the established and increasing
confidence In the Northwestern. attested
by the fact that the year 1892 has been
the largest in results of any OF the thirty
five years OF the companys history. Not
only has the volume OF new business
been the greatest ever written by the
Northwestern in any single year and the
amount added to business In force larger
than ever before. but both the assets
and surplus of the company show a larger
gain than In any previous year. The IN
surance in force aggregates s3l2, 5l2, COB;
the assets amount to s56.236, OS9.12. and the
surplus is 50. 467, 3s4.54.
There has been no change in the estab-
lished custom of the company respecting
investments. The sum Of si5. 571.33. or
more than so per cent. of the entire assets
of the company. is loaned on security
of bonds and mortgages upon improved
and productive real estate. worth at a
conservative valuation sl3S769,2I9. and not
a dollar is. or. under the charter of the
company, can be, invested in railroad or
other fiuctuating securities. An eminent
financial authority has said: mo securi-
ties are so stable and safe for the invest
ment of a life insurance company as
well-selected bonds and mortgages, and
from no other sound securities can SO
large a rate of interest be realized. and
the experience OF this company fully
proves the truth Of this statement.
In investing trust funds two things are
essential-irst absolute safety; second,
income. We believe that both these re-
auirements are being better met by the
investments OF the Northwestern Mutual
Life Insurance Company than they could
be by selecting any other class of securi-
ties. The value Of such loans as security
and the care with which they are selected
are attested by the fact that with over
s45. 900. 900 Of mortgage loans now In force.
and of the whole amount the company
has ever so loaned. aggregating s9392OlF.
the company now holds as the result OF
Of its thirty-five years business only
s243. 40J OF real estate acquired by fore
closure amounting 10 but about one-half
Of one per cent. of It's present mortgage
loans, and to about one-quarter of one
per cent. of the total mortgage loans
made since organization.
HIGHEST INTEREST RATE.
The interest earned during the year Is
$40 per cent upon the amount held
January !, 1892, a percentage income which
we believe is not equalled by any other
financial institution of the same magni-
tude IN the world. During the year the
| company has acquired real estate under
foreclosure amounting to SCOOPS. or less
than 100 of one per cent. OF the mort
gage loans. For long period no year has
| closed with so much as two per cent. due
ard unpaid Of the interest earned during
the year. and on July lst last only S2l OBJ
| or one 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 to the care
| with which the loans are selected. The
| loans are all made by the Finance Com
| mittee upon applications received through
special loan agents employed and compen
stated by the company, accompanied by a
| full report upon the location, character
and condition Of the property offered as
| security. and confidential valuation
| thereof. together with a report upon the
| business standing and financial credit OF
the borrower. based upon personal exami
| nation and investigation.
For further information as to rates
| plans, or agencies. address
JOHN h. CARY e. SON,
General Agents for Virginia
and North Carolina.
Richmond Va