The morning call. [volume] (San Francisco [Calif.]) 1878-1895, 1894-01-28
DURING LIFETIME.
The Guarantee Trust
Company's Plan.
An Investment Which Pays Hand
some Profits on Very Small
Monthly Payments.

The new plan of investment introduced
here by the California Guarantee and
Trust Company, whose Offices are in the
building 3l9 Pine street, is meeting with
opposition from the life insurance com.
panies, with which in some respects it is a
competitor for patronage.
Like insurance companies it offers a
large return for the sums paid in, forfeits
the contract If premiums are not paid
within reason able time after due, sets
aside reserve fund to secure it against
certain provisions OF the paper issued by
il, and makes its payments out of the
money it receives in installments or
premiums.
Unlike insurance companies the pay
ment of its obligations does not depend on
the death Of the holders of them. The
payments are made TO the living instead
Of to the benefciaries of the dead; and
the strong and healthy are not alone enti-
tied to the benefits that may accrue from
the investment. for all may invest ire
spective of sex, health or age.
The plan of the company is not expert
mental IL is based upon long experience
of life insurance companies. as shown by
their statistics. The person who keeps
UP payments in the California Guarantee
and Trust Company will without fail re-
ceive So 1913 for every 81 so invested.
1t is not more incredible that this can be
safely done than it Is that tie life insu--
ance companies can pay $1,000 for an in
vestment of ST. So. Yet this is what the
Mutual Reserve Fund Life Association of
New York has been doing for great
many years. In its statement that COM
pany says: For every $1,000 paid by the
association to the widows and orphans
only SIT 80 was received FROM the de-
ceased mem bers." This proportion was
not limited 10 a few policies, as the aggre-
gate ran into hundreds of thousands of
dollars. The same ratio of policy to pre-
MUM exists in all the strong life Insurance
companies
Life insurance companies issue policies
to less han third of the people who
make application for them, because OF
physical disQualifications As, therefore,
over twO-tbirds OF the community cannot
become insured there is no reason why
the insurance companies should be Jealous
of the California Guarantee and Trust
Company, for without interfering with
their business in the least it will have a
broad field of operation.
As leading law journal lately said, this
company kills he bond and pays the man,
while the Insurance companies kill the
man and pay the beneficiary" A holder
OF these bonds will have the privilege of
enjoying while alive as large sum as his
heirs would receive on policy under the
strict Insurance plan.
The bonds are transferable. Payment
on them is easy. The purchase price Is IS
Tor each bond. and they are kept in force
by the monthly payments OF 81 80 on each
obligation.
The exact time of maturity, like the
time of maturity in life-insurapce mol
Icy. which occurs at the death of the In
sured. Is uncertain; yet by the system of
ms uH0 fad md
upon which all insurance companies are
based. it Is readily estimated that the aver
age time before maturity viii be about six
years.
The early payment is not important to
the Investor, for the ratio OF monthly pay
ment TO the amount paid by the company
Is the same. For every 81 80 paid in
IS 33B Will be drawn out. The longer the
obligation remains unpaid the greater Will
be the reward when paid. The compaDy's