Chicago eagle. [volume] (Chicago, Ill.) 1889-19??, 1893-09-02
For President in 1896,

81, 600 policy that they have written
would give the company sum of
money sufficient TO pay all its death
losses for the last thirty years. They
have not used any of their capital
stock. neither have they used any of
their reserve. The mortality rating
has been sufficient to pay all their
death losses. They have collected
their money precisely through the
same channel that we have collected
ours, and all the difference is the ap-
plication of the money. The reserve
they hold for increased liability, for
as a man grows older they nearer
death, just the same as our bonds;
but a man might die to-day and have
only taken his insurance out yester-
day, so that they have a true liability
from the time their policy is issued,
which they may be called on at any
time to pay. Now, the man who is
insured and has only paid in S2S. Is
when he dies has not paid the 81, 000
nor the $2S.75 won't pay it. Who
does pay it? The other fellow.
Those who are living. Just so with
US. Our live bonds pay the redemp-
ton OF those matured You see we
are better provided for than any life
insurance company, because we have
collected about the same amount
of money (only little more)
We are not liable for 81 600
until it is paid into the trust
fund So in reality it does not be-
come a liability until we have the
money to meet it, so we will never
have any trouble in meeting our LA
bilities. We are redeeming thirty
bonds this month Of $1,000 each just
as easily as we redeemed one bond a
month with only 1000 bonds in force
Il we should stop selling bonds to-
day. in few years we would redeem
our mineral bonds up to 5000 and
our multiples TO five times 5000,
which would be 40, 900. Now, if 49,
005 was not issued, and it was the
next bond to be redeemed, there
would be thousands of people send
ing in their applications for bonds.
So you see the multiple system OF pay
ment regulates itself, because 40, 005
would be redeemed alternately with
8,00l. Everybody, regardless of
age, sex, or nationality, being igi-
be, we will have no trouble in writ
| ing an increased business all the
| time. The business we are now doing
is what can be done by twenty-five
men. This can lie increased, and
in few years we can have $500
men, so that | do not think we will
find it any more difficult to write lO
to 20 per cent. increase on 100, O0C
or 200, 600 bonds with stronger
force than it is to write an increase
over 40, 900 with smaller force. II
is necessary for us to continue writ
ing business, but ! do not see that
we are situated differently than any
other successful business. If any OF
our national banks with capital OF
81, 600, 600 did not have any deposit
ors they could not pay dividend on
their capital stock, and it would only
be little while until they would use
all Of their capital stock up in the
payment of salaries and other ex-
penseS So that 1t is just as necessary
for them to have their depositors as
1t is for us. and 1 know of no other
business where they can be success
full unless they continue to do an in
creasing business.
ave are incorporated under the
laws Of the state of Missouri. with
our home ohlcc ut New da, of that
state, and we have recently deposited
with the State Treasurer 300. 600 in
securities and here Is a copy Og the
receipt for IT,
WHEREAS, The General Assem-
bly, Of the State Of Missouri by an
act entitled
7 IAN act % regulate bond invest
ment companies and companle, or
ganlled 90 place or sell bonds. Ger
tinratos OF debentures on the install
mont or partial payment plan,
approved April 20. lsaI. require,
+ every corporation doing busluess hi
I this state AZ buud lnyeitmeut com
pauY 0r company tn plaet Hr mi
T blnds. eeftiHCttos uf irheHlurus Hl
thu PARTIAL wimsHl ur Iusll.lmon
plan iH deplslt alth 900 lIeasUror 20
T Gas State Hf MHsuNll fNHNfIlIFf f1 n
8Hrmtnf FL lnH 8Hi lIUlstef IH ln
HamuI 8l.HH0 nf tHr N..i. fUn "a
En-. IHI.stHs III .HsH HHl uA
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