New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1894-01-25
Amount In Force
.S370,663,120

The Natural Premium Assessment organizations had
enrolled upon their books the close OF the year 1877
membership OF 3309019 persons. Counting hve persons
as interested in each membership. 1t would represent
than ONE-QUARTER OF the entire population OF
the United being directly interested In the
OF Assessment Natural Premium Life Insur-
ance Thus It is clearly demonstrated that the success
OF the Old Level Premium Investment System can b
directly educational influences Of the Assess
ment or Natural System which has reached OUT
the middle classes bringing the cost "thin
their means thereby interesting thern In the subject
OF life insurance. This in turn has educated oil classes
n, tho community to the importance OF life insurance in
furnishing protection the widow and orphan. as well
as an investment TO the capitalist
FOUNDATION PRINCIPLES
The foundation principles OF the system presented By
the Mutual Reserve Fund Life Association continue the
same to-day as IN the past. which collect from
the members the actual required for the payment
n, s current death claims and legitimate expenses the
same equably apportioned among the members accord
Ing to the age the member and the amount OF insur
held by EACH
excess over the current and therefore It hed
first. the payment of excessive death claims. sh'
object being prevent excessive payments from the
member year: second II not so required to be To-
rrsd N the members by credit their future rre-
miums or In cash stated periods as their contracts
provide.
SUCCESSFUL AGENTS.
The number OF faithful industrious successful agents
the Mutual reserve WHO are oHeehs VII
raxed in presenting its benecent principles TO the IN
babans OF the various civilized countries Of the world
can be numbered by the thousands and to each one OF
these without exception. the President ohee's ana
Board OF desire to extend their special thanks
,or the efficient work they have performed during the
year 1853 Space will permit OF making personal
mention OF these faithful representatives. but II gives
me special pleasure TO furnish the names OF 'hose VINO
have largest volume OF business Tor the pst
three months as provided and specified In the Prizs
Circular issued by Third VICE rresioen' - A. "'
namely:
First Prize-J s. Bages. Chicago. ILL.,
Second Prize-Coates s. Coates. Chicago III.
Third Prze-A r. McNichoi. Winnipeg, Man.
Fourth Prize-J T. Kirk. ST. John. n. B.
Fifth PRICE,. j. Carter. Helena. Mon
Sixth Prize--w J. Murray. BroolSiin. Ont. Canada.
To each one OF these gentlemen. who have won TINS
honor extend my hearty congratulations and warmest
commentator and hope that the results OF their work
for the year 1898 may exceed in amount the results
obtained by them in 1888.
In conclusion desire to extend to my Official Assoc''
a,es and many loyal and efficient agents In the
Acid MS veil as TO the two hundred employees In our
Offices my special thanks and obligations for the iani
work. help aid and assistance rendered by them IN tner
respective department. and to the EiohI f-ihn.H
THOUSAND members enrolled upon our books. and To-
Gated In every state Union well as In Canada
Great Britain. France. Spain. Italy Belgium Germany
sweden and West Indies who have given US the"
loyal support, extend sincere thanks for their con-
ndence and bespeak from them a continuation OF the
same Respectfully submitted
EDWARD p. HARPER.
President Mutual Reserve Fund Life Association
New York. JAN "a 1894
Frequent interrupted the reading BY Presdens
Warmer Of his report When he had finished he received
general round OF congratulations. Pressing onward
however with business precision. he tactfuy brought ne
audience TO a condition OF quetude. and INTRODUCED
Henry T. Reinnund second vlce-presiden and former
spernendent OF the Insurance Department OF oh' ""s
n a follows: