The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1893-09-03
each 81, COO in force. being 81 more per an

Zach 81. COO in force. being 81 more per an.
mum for each 81 900 than said life insur
| ance company charges, and notwithsrand
| ing this, it bas paid out in death claims
over Sl5, Coo, coo at a cost of less than SIS tC
each member so paying. While the first
| Sc, O00, 900 paid out in death claims vas al
| a cost of less than $50 to each decreased
member for each ST. 600 received by their
families and the average duration of its
! policies was less than four years. So the
Mutual Life Insurance company OF New
York has paid out on death claims 1000,
oO0 lat cost 10 the company OF less than
sl2 per annum on each $1,000
| insurance in force; the Equitable 800 00O
90 for less thar $1,000 the New York
Life SO ,0GJ 00000 for less than si2 co. and
IN none Of the above submitted Cases has
1t cost on an average of 500. 90 on the
amounts of insurance in these companies
| 10 pay 100000 to the estates of the benefi.
Charles of the millions and hundreds of
millions written in death claims by these
companies
Then if as is the case. these companies
have paid out over $500 600, 0J0 90 to the in
sured families on their death under the
average time of eight years l ask may We
not pay out The same amounts at the same
time and at the same cost by maturing
bonds OF our company If they can pay
out at cost of less than Sl2. 90 per annum
Tor each $1,000 90 insurance, and at less
than $4,000 per annum on each 81 600 90
received IN the aggregate by the insured,
can this company not pay the same at the
same cost to its bondholGers? we would
ask the honorable secretary of state.
In this connection we desire to call at
tentlon to the further fact that not only is
the principal carried out by our contract
as good as that of the life insurance COM
panles, but our bondhoiders are protected
nv a hnnH friyar, Inv Z ba I,,1,, oil cd
OF the resetve fund of S25, 900, for the safe
keeping of the reserve fund out of which
the Dondholder can get his money at the
END OF I'VE years, providing his bond has
not been previously Inatured and paid
VIII the honorable secretary of state au-
sEer whether or not he knows of any life
insurance company that operates under
similar provisions. that will at the expira-
ton OF five years allow the insured to with
draw, and pay over to him the amount he
has already paid in.
Further. this same circular states that
the managers OF these companies do not
undertake to do business ia the localities in
which they are organized but that Kansas
companies operate In Michigan, Texas,
ETC. In answer to that we desire to say
hat the business of The Safe Investment
of Wichita, Kansas, has been
principally transacted in and about |
Wichita, Kansas. and the most of the work |
had been done down here where the head
quarters of the company are located, so
nat statement is equally as false as others
made by the honorable secretary of state.
Again assuring the public that the Safe
Investment company of Wichita, Kansas,
$ now and intends to continue carrying on
is business as it has right to do business
Ii consideration of all who desire safe in
Testments are invited to give a most care
vi and critical examination into the
Methods of business adopted by this com.
amy as set forth in it's bonds and as exem-
'lifled IN the daily transaction of its home
ffice. Very respectfully,
J. Fl. SHEPARD President
Safa Investment Co., Wichita. Kan.