The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1894-01-25
GOOD SHOWING.
r1aarseeneh annual Meeting Mutual Re
serve Enna Life AssoeiatIon-

NEW YORK, Jan. 25.=The thirteenth
annual meeting Of the Mutual Reserve
Fund Life association was held today im
Its spacious Offices in the Potter building
and it certainly marked a very distin-
puished mile stone i'm the history Of the
association. President Edward ID. Harp
er-s report was undoubtedly i very great
surprise to the- emblf q 81 eIs for the
reason that after year Vi unprecedented
loss in general business, a financial panic
which has never been equaled and
enormous depreciations in securities of
all kinds. he fact should remain that
tine assets of the Mutual Reserve Fund
over so large or the payments to their
policy holders SO great as ia the past year.
These facts undou bted show the very
great ability Of the management
Of the company under its able
president, 1Ir. Edward B. Harper,
especially when one remembering that
nearly three million dollars have been
paid out to deceased mem bers during the
past year, and yet the assets OF the COM
pany have Increased to considerably over
i've million. Look at the figures and
recoIect that here is a company giving
the most absolute security 10 it's policy
holders and vet charging premiums
which average less than half those
charged ia the old line companies. and
with all that after year of uneNamples
depression IT IS enabled to come forward
and announce that its assets have been
largely increased while at the same time
the amount of business that has been
done is the largest ever written in one
wear. Some idea Of the enormous busi-
ness done may be adhered from the fact
that the total risks are almost three hum
dred million dollars, while the amount
under President Harpers management
exceeds forty million dollars AnOth-
er strong point is the statement
BY the insurance superintendent of KAN
sas. who after going into the company
accounts thoroughly has stated that he
considers the Mutual Reserve Fund Life
association not only a first class insur-
ance company ia every respect but
worthy Of the confidence of the people,
while he says that the International adj
ministrati0n of Its affairs under MIR. Har-
pers able management is most admira-
bic conducted. This report coming on
top Of these of no less than twelve other
insurance departments certainly places
the company at the very tOpmOst pinnacle
of success. and must convince its policy
holders that every honest And Legitimate
death claim has been promptly paid and
that every dollar Of money received by
the association IS correctly counted for.
Another strong feature Of the report Is
the many testimonials as to the prompt
payment Of claims while further item of
interest to the policy holders is the fact
that the new building Of the Mutual Re
serve Fund is almost completed and that
the future business of the company viii
be conducted there, while so great has
been its success that very large revenue
from the building has already been OBJ
tanned from Intending tenants. Hreai-
dent Edward 3. Harper reported that
the foreign business of the company was
in the most satisfactory condition and
that the profits resulting therefrom add
eQ to the general prosperity of the assoc
citation, thus proving that the foundation
principles OF the system were eQuItaDly
apportioned and that the great public
fully recognized their true value. AIr.
I'D. j.. Cameron, deputy treasurer Of
the Province of Ontario, in moving
the resolution Of confidence In
the management of the association and of
congratulatlOn on the uneXampleu sue
cess of the years business. spoke eIo-
Quently and forcibly Of the growing
faith of the people Of Canada ito the
stability Of the association and of the
sOundness of the principles upon which
it is founded, making the significant
statement that the company wrote
larger amount of business in Canada
during 1913 than was written in amy for
eign country and larger amount than
was ever transacted in that country in any
year by any foreign company This and
similar resolutions were adopted bv nu-
anitnous vote, indeed the meeting
throughout was one continuous ovation
and II closed with a unanimous vote
of thanks to President Edward
B. Harper for the great success he has
shown i'm bringing the country through
such disastrous year as the present, and
plotting ~ safely onward. SO IT commences I
its I4fh year Of business with verv largely
increased assets and widely extended
influences. Large delegations were pres
eut from many sections of the country.
kilograms of congratulation were re-
ceived from London. England Paris
France, and many other parts of the
world.