The Roanoke times. [volume] (Roanoke, Va.) 1890-1895, 1894-01-24
Extract From Annual Report of
the Northwestern Mutual
life Insurance Company
for January, 1888

We believe that tho members of the
company Will DO Interested in knowing
now tDose sums, which have bean COM
mitted TO the management for safe
keeping and Investment and upon which
depends to so great an extent their own
comfort In later years, or the well-beipp
OF their families in the event Of their
death,are being cared for. There has
been no changein the esta blished Gus
tom Of the Company respecting invest
ments. The sum Of $3.50 .571 80, or
more than so per cent. of the entire as
sets OF the Company, is loaned on So
curity Of bonds and mortgages upon
improved and productive real estate,
worth at conservative valuation Sl3S.-
1927 and not dollar is, or under the
charter of the Company can be. in
vested In railroad or other fuctuating
securities. An eminent financial
authority has said: mo securities are
so stable and safe for the Investment
OF life insurance company as we'll
selected bonds and m ortgages, and from
no other sound securities can so large q
rate of interest be realized" and the
experience OF this company fully proves
the truth OF this statement. In invest
ing trust funds two things are essen
tial: First, absolute safety; second, in
come. We believe that both these
the investments of the North western
Mutual Life Insurance Company than
they could be by selecting any other
class OF securities. The value OF such
loans as security and the Gaze with which
they are selected are attested by the
fact that with over $4,000, 600 of mort
gage loans now in force, and, Of the whole
amount the Company has ever so loaned,
aggregatlng 500, 92O,147, the Company
= no
hve years business only S243, 4O5 of real
estate acqui. ed by foreclosure, amount
ing to but about one-half Of one per
cent. OF its present mortgage loans and
TO ABOUT ono quarter OF one per cent, of
the total mortgage loans made since
organization. The interest earned dur
ing tho year is S 9.lO per cent. upon
tho amount held January 1st, 1S92-a
percentage income which we televe is
not equaled by any other financial in
stitution of the same magnitude in the
world. Daring tho year the Company
has acquired real estate under fore
closure amounting to S3O,O2s, or less
than II 100 of Que per cent. of the mort.
gage loans. For q long period no
year has closed with so much as
per cent due and unpa d of the
interest earned during tho year, and on
July last only sci, O27, or per cont OF
tne INTEREST que In 1881, was unpaid.
Tho superior quality OF the mortgages
hold by the company is due both to the
location OF the property and to the care
with which the loans are selected. The
loans are all made by tho finance com
mittee upon applications received
through special loan agents employed
and compensated by the company, &C
companied by full report upon tho
location, character and condition of the
property offered as security and a con-
hdential valuation thereof, together
with areport upon tho business standing
and financial credit of the borrower
based upon personal examination and
Investigation.
The Northwestern Mutual Life In
suranco Company, of Milwaukee, Wis
consin Assets July 1, 1898, $50. 533,-
O6l.l5; surplus January /, 1893. 50 467, =
3s453 purely United States com
panv. Transacting an annual new bust
ness OF moro than double any other
purely American company. Its divi-
bends the largest of any life company
in the world. This is proved by hun
dreds Of comparisons with all leading
companies.
For rates and full information call on
or address
W. S. haCCLAnAHAN & co.
General Insurance Agents, POI South
Jefferson St., opposite Terry Building.