The sun. [volume] (New York [N.Y.]) 1833-1916, 1893-07-22
Common Sense In Kansas

PRESIDENT HARPER VICTORIOUS IN MS sByHr.
YEARS FIGHT TO HAVE THE MUTUAL RI
SERVE FUND LIFE ASSOCIATION ADMITTED
/ TO DO BUSINESS IN rnB srAIE-A coN.
scIESTrous STATE SUPERINTENDENT
| EXAMINES THE BOOKS AND VEL.
CONES the NATURAL PRE-
NIUx COMPANY
There is one building in New York from which the
American tag mar DO seen flying every day in the
year-thatis the new building on Broadway OF the
Mutual Reserve Fund Life ASocia,ion Thi. IA by the
ORDER OF President E. B. Harper whose patriotism 10
not mere holiday matter and under whose admins
tration the busine" OF this AstonshngIy successful
company has extended all the country OF whose
greatness the Dag 1, the symbol.
President Harper has jus, scored great triumph in
establishing his company in Kansas where for years
he has been kept out by the determination OF the Stale
superintsndents OF Insurance to prohibit all .ratern
and assessment societies from doing business there
discrimination which bai its origin In the Jealousy
OF the od.iine companies which found large volume
OF their business drifting into the ONCE OF the ore
progressive Mutual Reserve Fund Life Association
Mr. narper's eight began seven years ago when D. ".
Wilder was the State superintendent In the begin
ming he invited Mr.. Wilder to come to New York or
send his deputy. with all the necessary cerks at his
expense to learn from the books OF the that
1t was strong. substantial one and doing bust-
ness on solid foundation But such an exam alton
would inevitably have taken away the last excuse
Tor keeping the company from taking the cream of
tue business In Kansas the proposition was not
cepted. The same proposition received no more
he
But the present Superintendent Judge & H. sntder =
recognizing the fairness OF the proposition and not
seeing why the citizens OF kansas should not have the
opportunity OF getting Insurance at about half the
usual rates II \ strong company stood ready 70
offer H. sent on his assistant. Mr.. Charles A. rayiot
TO make the examination requested. lie inyestt-
gated the financial condition of the company, and
found 1t solvent and prosperous; he examined
its system. and reported It to be founded on
a sound bass insnrins pernanency: he inyes,L
gated its management and found Il honest
and intelligent: he examined its securities and
found them all there and Gilt. edged and its loans
averaging less than 20 per cent. n conservative
valuation Of the properties: he investigated its
contested claims. aud found none contested except
frauds: and he found ample precautions for surfing
only the best class of lives Ard the methods Of adj
uniting members 80 conservative that the company
rejected higher percentage OF applicants than any
other frstrate company, thus more certainly pro-
tecting the insured
What wonder that he Immediately rendered Q re.
port TO Judge snider recommending the admission
OF the Mutual Reserve Fund Life As,ociation TO do
business in Kansas as Natural Premium Com.
pany' and what wonder thai on the very next day
the Superintendent did so admit it and what won
der that company that can imme.
date victory soon its affairs are thoroughly ex.
amined should have received nearly $780, 900 900 OF
new business in the nrst six months VI 1898: shonId
have nearly s2Jn.OoooCo OF insurance in force hav.
ing saved TO members in premiums over ssj 600 co.,
paid nearly $1,000 900 in dea'h claims and rolled up
Reserve. or Emergency Fund. of IS 100000
The public appreciate the advantages OF tie Nat
ural premium plan " tho Mutual Reserve Fund Life
Association and 1t is good thing that kansas Is to
have the opportunity Of benentng by this great i'm
provement On the nequitabe system stnl adhered 70
by the o!d'ne com ranes-SY Y. Daily News.-Ads.