The Roanoke times. [volume] (Roanoke, Va.) 1890-1895, 1894-01-23
Extract From Annual Report of
the Northwestern Mutual
Life Insurance Company
for January, 1893.

We believe that the members OF .ne
Company will be interested in knowing
how these sums, which have been COM
mitted to the management for safe
keeping and investment, and upon which
depends to so great an extent their own
com fort in later years, or the weli-being
of their families in the event of their
DEATH are being cared for. There has
been no change in the established Gus
tom OF the Company Respecting invest
ments. The SUN of Si5, ORG 57l.33, or
more than so per cent. of the entire as
sets of the Company, is loaned on So
curty of bonds and mortgages upon
improved and productive real estate,
worth at conservative valuation $685.
769,279, and not dollar is. Or under the
charter OF the Cou pany can DO, in
vested in railroad or other Guctuating
securities. An eminent financial
authority has said: mo securities are
so stable and safe for the investment
OF a life insurance company as we'll
selected bonds and mortgages, and from
no other sound securities can 80 largo a
rate of interest be realized;' aud the
experience OF this com pany fully groves
the truth Of this statement. Ii ilyest-
ing trust funds TWO things are essen
tial: First, absolute safety; second, in
come. We believe that both these
requirements are being better mot by
the investments of the Northwestern
Mutual Life Insurance Company than
they could be b. selecting any other
class of securities The value OF such
loans as security and the care with which
they are selected are attested by the
fact that with over S45, 900, 600 of mort
gage loans nov in force, and, Of the whole
amount the Company has ever so loaned,
aggregating S93,920.1 lat, the Company
now holds as the result of it's thirty
i've 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 one quarter OF one per cant of
the total mortgage loans mace since
organization. The interest earned dur
ing the year is 0-10 per cent. upon
the amount held January 1st, 1Soa-a
percentage income which we believe is
not equaled by any other financial in
stitution of the same magnitude in the
world. During the year the Company
has acquired real estate under fore
closure amounting to S3OO2s, or less
than 100 of one per cent. OF the mort.
year has closed with so much as
per cent. due and UNPAID OF the
interest earned during the year, and on
July last only S2l ,n27, or per cent. of
the interest due in 1891, was unpaid
! The superior quality of the mortgages
| held 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 the finance COM
mittee upon applications received
through special loan agents employed
and com pensated by the company. ac-
companied by a full report upon the
location, character and condition OF the
property offered as security and a con
ddential valuation thereof, together
with report upon the business standing
and financial credit of the borrower
based upon personal examination and
Investigation.
The Northwestern Mutual Life In
surance Company of Milwaukee, Wis
consin, Assets July /, 1898, S6O,553,-
o6l.l5; surplus January /, 1898, 50 49,
3s4,53. purely United States com
panv. Transacting an annual new bust
ness of more 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 CT
or address
W. S. McCLANAHAN & co.