St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1893-08-14

death claims for the same period
have aggregated $l,500,000, making
the deaLn losses paid since the
organization OF the company exceed Sl6,-
100000. The principle of the company
is to collect from the members the
actual sum required for the payment of
its current death claims. legitimate eX-
penses, and an adequate reserve or
emergency fund to provide against all
contingencies (Which reserve now
amounts 10 s3.500.0D0l. the same eQuit-
ably pr0pOrtioned among the members
according to their ages, and the amount
of Insurance held by each. This does
away with the old style plan of big
salaries, large dividends to stockhold-
erS, and useless expenses attached 10
the insurance policy of former days.
The company, which will in a few
months occupy the Mutual Reserve
building at the corner of Duane and
Broadway, New York, which is one of
the finest office buildings in the metrOp-
oils, has branch offices all over the
United States, Europe and Canada.
The st. Paul division was established
in 1882, and its members rank amongst
the bright business men of this city.
Eight men are employed locally and the
state of Minnesota is under the st. Paul
vi nlllCIl NIL u y 11ulHIllOI 10
manager ahd local treasurer. He has
been connected with the company for
five years, and all premiums collected in
this city are paid TO him. Mr.. Hamilton
is a Canadian who came to st. Paul i'll
1890, to take charge of his present post,
ard who in the time that lie has lived
here has had the respect and esteem of
all those who have made his acQuaint-
ance, either socially or in a business
way. He is thoroughly posted on in
Surance, and has been in the business
for twenty years. The st. Paul offices
are at 81 National German-American
bank building.
THE LIFE INSURANCE CLEARING COM
PANY.
The Life Insurance Clearing Company
of ST. Paul is an Institution organized
with capital of S125.OO0. which has for
the object of its Incorporation the insur-
ing of the class of persons whu,
either from personal defect'or hered-
itary predIspoaition. fall below the av-
erage standard of health or insurable-
ness recognized by life insurance com-
panies III general. The office is
located in st. Paul, and tha
following are the officers: Rus
sell X. Dorr, president; G. E..
RlttennouSe. vice president; A. G. Au-
uerSOn, treasurer; William u. Wnlte,
secretary; q. A. Yandersluis, assistant
secretary; Dr. Samuel ID. Flagg, medi-
cal director; DR.. William Davis. medi-
cal director. and l.. G, Fouse, president
American faculty of actuaries, Phila-
delphia, consulting actuary. The board
of directors are: f. w. Anderson, C.E.
Anderson, ID. d. Merrill, j. G. Pyle,
Russell r. Dorr, John Ickler and Will
lam q. White.
MINNES OTA MASONIC RELIEF ASSoCIA-
TION.
The above organization was char
tered in 1873. ana as the name indicates
is an Outgrowth of the Masonic order.
Over 81 100000 has been paid 10 beneti-
ciareS, and the officers are prominent
men. The secretary, Andrew Z. Swan
Strom, attends TO the business affairs.
ST. PAUL LIFE AND INVESTMENT co.
Prominent among all the insurance
companies in St. Paul is that of the st.
Paul Life and Investment company,
whose Office is at Room 40, Globe uuild-
ing. This company is noted for the
lowness of its premiums, and is always
safe to deal with.