News and citizen. [volume] (Morrisville, Vt. ;) 1881-current, 1895-01-24
A SOLID INSURANCE COMPANY.

Attention is called to the forty
eighth annual statement of the Ma
tional Life Insurance Company of
Montpelier. The statement is not
only worth reading as a matter of
news, but to those contemplating in
surance it will be especially interest
ing. The company is one of the
strongest in the country and besides
this being Vermont institution is
worthy of the large patronage it re-
ceives within the state. The fact that
so many representative men in this
state and elsewhere have policies in
this company is a strong guarantee
as to its sOundness. We are informed
that almost every representative man
IN LamOllle county carries more or
less insurance in this company. From
an extensive article in the Burlington
Free Press of last Saturday we take
the following
Its growth during the past two years, which
many companies in other parts of the coun-
try have found so trying, has been remarka-
bic. The company wrote in 1894, S14669,-
9l6 OF insurance, an increase of more than
$2,250 600 over the 1893 figures. 1t in
creased its surplus to 81 ,43O,714, which is
S296, 622 more than it had a year ago, and
exceeds by over sixty thousand the increase
OF surplus made in 1898, though that was
surprisingly large. The surplus so reported
1t should be noted, does not include an extra
reserve of 1854, PIG on life rate endowmpnts.
which the company figures as a liability
though most companies treat such a fund
as surplus. The Nationals net assets now
q ycpp0 m IF ba
nres, on the first day ofJanuary. 1895, being
SlO.2O5,6 $50, an increase of 81 ,073, 543 dur
ing the year.
These assets consist chiefly of carefully
placed mortgages on real estate, now worth
three times the amount loaned on them
United States bonds and approved city and
school bonds, worth to-day in the market
about $4,000 more than the figures at
which they are listed on the company estate
ment, and loans upon thecompaDy's policies,
deposited as collateral. The premiums act
ually paid in during the year 1894 amounted
to - ,472, 701.62. This is also a large gain
over the 1893 figures. The total amount
paid to poicy-holdeTs during the year was
S1,2O6, 607.32 These large gains have been
made with strict regard to economy of man
agement, and the expenses of conducting the
business are kept at a much lowerfgure than
the expenses of most of the heavy life COM
panies. E7 "4 e.
The company issued c, 1913 policies in 1894,
including reissues, and has paid to policy
holders since its organization $4,000, 1874.
Altogether the Nationals statement is
gratifying one to its policy holders as well as.
to the management, which makes SO excellent
wing.
That the National Life of Vermont has the
confidence of very wide constituency, need
not be stated. Among it's policy holders,
now numbering upwards OF 10000 in num-
| L. E.. 4 n
Tracy, eX-seCretary of the navy; DR.. w. Sew
ard Webb, whose accession to the board Of
directors will be an added element of
| strength FL. Walter Webb of the New York
Central and Hudson River railroad Col. E.
| X. Sibley, MIR. D. D. Parmly of the firm of
Marquand Parmy, of New York City; Col.
Edward G. Smith, of st. Albans John Wan
amaker, of Philadelphia, late postmaster
| general; Lieut.-Gov. Walter Lyon, of Penn
! sylvania; Hon. James Mcmillan, United
States senator from Michigan; Hon. Nathan
| Gof of West Virginia, ex.secretary of war !;
Hon. John NJ. Thurston, United States
senator.elect OF Nebraska; Hon. Christopher
| L. Magee, of Pennsylvania-each of these
gentlemen holds not less than $4,000 of life
insurance in the company-W. ". Kimball,
| president of the Fourth National bank of
Boston; D. H. Andrews, of the Boston bridge
works: j. Reed Whpple, of Boston, and
| many Others of equal or scarcely less prom
inence. from Maine to Texas. Among the
representative Vermonters who hold policies
in the company are Senator Redfeld Proctor;
Gen. Julius j. Estey, of the Estey Organ
company, of Brattleboro; ex.Gov. Carroll S.
Page of Hyde Park; Hon. Franklin Fair
banks, president of the Fairbanks scale
company of st. J ohnsbury; Congressman Fl.
Henry Powers, Hon. l.. Ii. Thompson, of the
Supreme Court of Vermont; ex-Lieut.- Gov.
F. Stewart Stranahan, of st. Adams; Hon
James L. Martin, inspector of finance, Of
Bratteboro; Hon. James W. Brock and
Hon l.. Bart Cross, of Montpelier; Edward
Wells, Esq, of Burlington; Hon. Charles P
Smith, president of the Burlington Savings
bank; Chauncey w. Brownell secretary Of
state; jefferson r Judson, of Arlington, and
many other leading citizens of the State.
In short the company is one of which al
Vermonters may well be proud. 1t is known
throughout the United States, as among the
very best of life insurance companies, and it,
past fOrty.four years of sound life, and its
present high standing are sufficient guar
anty of its pcrmanence and prosperity in the
future.