New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-01-26

ing the course It has The fact that only within ~
past ninety days the criminal courts OF st. John NHv
brunswick, convicted two criminals for robbnE thia
Association Of 5000, and other life insurance Co.,
panies OF much larger sum, Is m evidence tAsA
great care should b. exercised before payments shan
b- made. Indeed no business nan could take n.
place In our death claim department and mot x1fk,n
a Very few days realize the Importance OF such n.
vesigutions
Attention Is called 10 the fact that MANY Of N.
criticisms refer to the date OF the death OF the In
sured and the date when proofs OF death havs
been received by the Association. Many INSTANCE
have occurred where months and even Years have
psed before the proofs Of death would b. preseut~a
70 the Association and until the same had haX.
presented the Management had no knowledge of III
death OF the Insured. and yet because pay vss
not made within ninety days from the date OF death
these faisiaers Of The truth manufacture and citc,
late the story snd falsehood that this Association
scales and refuses the payment OF IT'S honest dean
clnms.
ADVANCE PAYMENTS.
I would call the especial attention Of Our meuhesa
10 the fact that the rules Of the company proyAe r.
Immediate advance payments after death. even befers
the proofs OF death have been received by the A.
ISOLATION, by which the widow can provide lot the
burial and other pressing expenses. and these u
vance payments often made BY us to the willow
even before the nernent Of her deceased husband
COMPETING LIFE INSURANCE COMPANIES An
SYSTEMS.
TIN. record for the last decade fully demonst,,t1a
that q want exists on the part Of the people fbs n
surance under almost every plan and fss aln>H
every purpose, and that those companies with eeo
pefent manag ement directing their attention to q
special feature or system have succeeded within IL
last ten wears to an extent never before known IN u
nf.Il. asxnt L. A.
with regard to life Insurance. under the old w
Us under the new system, which fact only confirms ~
statement which made in nv annual report to -
members In 1854. which now reiterste as being
equally as true to-day as at that time:
I'm nv opinion there has been no necessity for ~
conflict. The men controlling the level premium COR
psnies who lave waged tho war. have been their ON
worst enemies. Their system, IL properly conducted,
can ioin hand In hnnd with our own, end unitedly,
We can press forward In our work. providing fos our
widows and orphans. encouraging economy prudence
and forecasting habits so that, as each generstiea
shall pass away each system wiki be honored anl
praised by thousands and tens OF thousands OF persons
who have been lifted to q higher plane OF civfifS
ton and rotlscrhood By and through the direct inhu
ence of the assessment well that Of the level
premium system OF life insurance"
NEW BUILDING.
Agreeable 10 instructions received from the mem.
her, at our last Annual Meeting the contract for TIA
erection OF new fre-prOOf building. to be known ~
the MUTUAL RESERVE BUILDING was Only exc
cu,ed with the Weld Etate OF Boston, and on the first
day of Nav 1902 work was commenced upon saN
building. and except for the strike occurring at th~
Carnegie works. which had the contract for the manus
fscture OF the Steel coupled with the Granite strike,
orr building would have already been encosed not
this delay satisfactory progress has beee
made upon said building, and am pleased 10 state
that the columns OF the sixth and seventh Hoors ~
now being placed In position and without doubt oy me
latter part OF this year building will be completed
and we shall then have proper accommodation for the
employees agents and officers OF this Association In Tho
transaction OF its business and at the same time
safe depository for our Records. The importance Of
the speedy completion Of our building Is Illustrates
by the fact that even the Directors room and many
0f the other officers rooms had to be surrehdefes
10 the employees OF the Association, In oroer thas
Its business might be retarded for want OF space
10 accommodate the employees that have been re'
qurad In the performance OF the daily routine WORN
take pleasure In presenting to YOU picture OF our
new building ~ II will appear when Completed.
FOREIGN DEPARTMENTS.
am pleased 10 report that our business In the df'
ferent foreign countries where We are uonsactms
business has been highly satisfactory, bo'h as res
the volnme OF new business received IS wen %
regards the losses which have occurred npon the busS
ness I'm force The losses upOn our foreign business
have never exceeded thrcequarters OF the percenss
OF losses upon American business; which SHOWS ".s
great care has been exercised BY the Association y
the transaction of its foreign business.
had pleasure In visiting. with Counsellor Burr
ham, the various foreign departments within the pas
wear. and we we're much delighted. not only Win ns
large volume OF business already obtained bur WIN hs
bright prospects which existed for largely increases
johanna of nov husInesS future years.
For-NDArIoN PRINCIPLES.
The foundation principles OF the system presents
bv the Mutual Reserve Fum Life Association con-
linn. rho son,. today as In the past which are. 70
collect from The members the actual sum required TOT
,se payment OF its current death claims AMI ies'u'
mat. EXPENSES the same equtably apportion<d among
the members according the age OF the member ans
the amount III Insurance held by each.
The Reserve or Emergency Fund Is admitted 10 b
an excess over the current cost and therefore II
lid FIR, for the PAYMENT OF excessive death claims,
the object being to prevent excessive payments i'0.
,pe members In any year second. II not 50 requred
20 n. returned 10 the members by credit on theu
tutre prcnus or In cash at stated periods, as ihe
contracts provide.
SUCCESSFUL AGENTS
am pleased TO announce TO YOU that the fcllou!ue
qsp,,enen have been voted personal testimonial By
the Board OF Directors Of this Association for the fait
fitness, devotion and loyalty which they have display"
iu behalf OF our Association. namely
H. ". CASTILLO, New-fork City.
f. IT, JONES, Atlanta, Ga.
". j. N'MURTHY. Toronto, Canada.
q; A. SANDERSON. Kansas City, No.
T.. ~ ACEvEDO, Havana. Cuba
A. X. M'NItIiOI.. Winnipeg, Manitoba.
l.. NJ OAKLEY. san Francisco. Cal
e. H. MoLrSON, New Orleans, La.
w. j. MURRY, BroOkline. CANADA.
}. }. ROONEY, birmingham. war"cH' Ent
RICARDO NADAL, Havana, Cuba.
d. r. DRAKE, Kansas City. NJ.
j. d. OZIER, Fort Smith. Ark
f. ". DEACON, Racine. Wis.
In conclusion. would state that We enter the ven
1903 under most auspicious circumstance ow
future prospects brighter than at me 49,
.ut moment and We shall undoubtedly obtain wtnoo'
any special effort voume Of business m 1898 eq''a'