The daily herald. [volume] (Brownsville, Tex.) 1892-1897, 1895-09-27
SOLID AS
A ROCK
is TIE MUTUAL RESERVE,
The Grand Cid ugiasf and Her Pathetic
siag Itspi an Cid Han "Bffnth Gupsd'
Eressfd Into A Cooked Hat By Cold
Fats and Fig res
EprToR DAILY HEsALD.

1ytAh jim - S4iNiOoC sON~ ~
with special comment few facts
and figures which I consider of in
terest to the patrons of your paper at
Brownsville as also elsewhere.
Had Mr.. j. II. Shapard of Column
bia. Texas, carried sI0,000Oe in the
Mutual Life, III her cheapest policy
life rates, he would have paid in
nine years S7l9l00 instead OF $4,000
90 as he acknowledges he paid in
the Mutual Reserve. Mr.. Shapard
SAYS he was raised so per cent in the
Aug. assessment. His age is 60. the
assessment for that age, 60, is S6I.68
q have the figures before me- conse-
quently If he has been paying 30 per
cent less for nine years starting at
the age of 50, he has been getting his
insurance at about halfw hat he could
get insurance in the Mutual Life III
her cheapest life rates. In other
words he is getting his insurance at
SO in Mutual Reserve for less than
he could get it in the Mutual Life at
81. Afr. Shapard says: They evil
aer+f-- think the old members will
be diving soon and they will have the
policies to pay" Yes, that class have
been diving. In 1894, we paid those
Policy holders over $250,000 in death
losses more than they paid in, and
in seven years we have paid over
100000 more than their total con-
tribuhons. and Yet the company con-
tinued to pa, but the commission
ers of insurance step in and say TO
the off ers; you must raise the as
sessment on those prior to 1883, IN
justice to all, the company complies
What is the results? Commissioner
Peircr of Y. \. SAYS it is just and
legal transaction, Aug. +. Harvey
the noted actuary of Missouri was.
sent to New York, by Hon. James
r. Waddil, Superintendent of insur-
ance department, to investigate and
report. He. says Mutual Reserve as
sessments have been legally and
equitably made association andoubt-
edlv solvent and prosperous: policy
holders generally commend the in
crease. Now if the New York, Life
and the equitable companies could
be made to assist the Mutual Life in
her prosecutions of the Mutual Re-
serve we would ali be happy, but so
long as the Mutual Life is compelled
TO do all this work il is too hard on
her, and she is loseing too much in
surance by it. Now let's take look
and see how the "Old Lady" is hold
ing her own. III 1894 the Mutual
Life. with an expence of S9,IS9.634
| increased It's business sol, S43, 2S3
The Mutual Reserve with an expence
of 81. 557, 749, increased its bushes:
$50, 1901. Did L hear anybody say
anything about economy?
The Mutual Life paid for deati
claims ST, 929, 795 for expenses SO, 7S9
634. Whew, The Mutual Reserve
paid for death claims S3,070,5l4; fol
expences $I,557,749 How is this?
The Mutual Life paid dividend
in 1874 $I912 to 500 of premium in
come. The Mutual Life paid divi
dends in 1891 1852.
Now gentlemen figure on wha
she will pay in 20 years hence.
In 1884 the Mutual Life wrote il
Texas s3,343,l96 and lapsed $3.50,
4O3.
In 1894 the Mutual Reserve wrot,
in Texas s4,7S2, 600, and lapsed s743,
600.
The Mutual Reserve leads he
1886, 3O7..Well it is enough to max
the "Old Lady" twist ant
squirm. Now, we can see why tn
"Old Lady" takes so much interes
in the Mutual Reserve, but it won
do her any good. Tile Mutual Re
, serve has saved its policy Holder
over $l0,000,0o0 in premiums AM
now has more than $4,000 in force
: It is supported by The very highes
: official endorsement as 10 solvenc
| and correct business methods. !
pays all honest death claims in ful
ard gives insursncs as cost, III IN.