The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1893-02-20

aMous members, ous solely d vvvsss-
h;.hs.s rs,s. s az OF aew buciSS
most rapid accumulation Of sssSse ~ y -
pay OF the greatest financial evsthsau NJ q
teQalred an enormous increess 4. = Inis IN
rs,;" y, .xnar ms race maay have l.sSassso
nave Increased it very la-,.S~. ne tacus
companies Is from two thru -. - q e many
OF this company. And they s,v - 0e ystio
snect on the cost Of Insurance. ~ eSassal h
period OF years, in the hons ~ .o Sce alp1r
incur forfeitures during thsf r..,.S ~ vi
losses VIII make attractive divicen1. = NJ
for those who live aud ray thrnrss = u a
tho a ax, ,av .or a Pc. ZION erovs always nevm
lows more and more Of the ineomss seG suak
less and less 10 be forfeited And sss. - ieoyU
OF forieitures are steadily ohrinH;r.u lvseends
pans are consIautly devised to furnish -
new business to furnish new iorfeisn,sss. WV hos
Against such competition IL 1. iss.s@
N to accomplish those greator ecc..rAoaet II
would De possible under . nePmal ~ 49,
mate competition. Aud We sre ~ !. ~
sheer resistance and the grseteat 49, y
care we can hold steadily to our usrsS 49,. -
ana not only prevent an incfeene h -.
onf members insurance, but gven .9
.ui.nsl reaucs H. ineir Interests Aavs ~ ~
sacrificed Tor the sake of greater disnss. -
Aud we desire again To saw To %
tnat We are able to accomplish vhse - -
for them, and at the samo tir.~ aSo
growth. because We are able to semi n : ~
agents. men who realize what life ins..ssy
Its best Is and ought TO be, and vho 49,
help work out that ideal at far H. 49,
ton than they could easily obtain n. 49,
ing the speculative schemes that Hov -
the great bulk of the business Thsv -sS
ing daily pecuniary sacrifice to eonv,esisn
LIMITING BUsIN.sa
Tha Papid Cvawth If ca~~.s~
enormous proportions, with the at1os1c..
and growing increase OF cost and ~ IAN ss
ana possible dangers of a public nsfn,~ 49,
sarily incident to such great sccumuisfi.s :
money, have attracted attention o. ~ 49, =
state officials everywhere. and comnifs.s y
state insurance superin tendents ID nov cns~ssS
Ing the PRACTICABLE .ity OF devising e0ns I.-s.s
ton 10 put check or "A limit to cour,s q S-s
ness which managers find themselves ursh,s .
unwilling to apply, because they can en- -
proximateiy accomplish their expec1-a
only by an always increasing amcune ~ 49, ~.
business to furnish new forfeiturea Thss.
lative results they seek bind them = fHSSs
gained.
CONDITION OF THE COMPANY.
The assets January /. 1898, are S6azm So
grin over the previous year Of Sl0s9sSS
They are undoubtedly worth m@o o. ~
stand for.
The sun plu. !. =. .as, se9.ss. gain q ~Hus
But by no means is all oil the conse,v.-
perior strength revealed by these heul,a 49,
factory Is they are. In nscertaiuine it loSiajss-
for the future, 1t has charged isself W. ~
0J0 more of reserve than 10 caSftod q - s-
business by any other company. o. ~ -.
basis OF reserve as is used by othne oonnests.e NJ
surplus Is over y. 900.
Our premiums aud reserves must h -
lated on the assumption that thov viN 49,
some definite rate of interest duf1ne - 49,
term OF our contracts. Originally, Ne - ~
that rate to be per cent Theoo eon1rnoG ~
Liable to run, many OF them. iruD ~ -
seventy years. In 1852, In view OF n -
sive decline in the rate of interest n neplsSSi,
safe investments and OF the wondssfvile ~
gressive increase in capital aoosine 4.
vestment, we did not regard IL pruioaf -
to assume to surely earn per ce1t III 9 ioS I
period, and changed the assumed mn r -
cent for all business written since III -
Thus as our old per cent. busine8 $3.50 r
and the new per cent. business take1 - 80
we are gaining each year strength VIII n.y.
TO meet the future that the fgurss of ous u.
ciai statements cannot disclose, and MA =
other company possesses. or has ~ RI sso1
to acquire.
Were it necessary las it ID not, n = =
change our whole per cent busineoa ta64 =
cent. basis, we could do ID and seill hnvo ~
plus of about 81, SOC, 600, and without h0mli1mk
with our dividend-paying ability.
should the Postponed Divtden0s q Dun11n
companies do the like, - IL has beon hit
they might do, it would wipe out ths t0olao11
Dividends altogether, ana very IN q -
have surplus enough to make The ehanm ~
ON those terms
eUNNARY Is