The daily morning journal and courier., 1895-02-15
FORTY-NINTH ANNUAL REPORT
 -oF THE Connecticut Mutual Life h. SuranCe Company.
To the members.-


 prosperous one for your company The hard times and the hungry competition of certain class of companies made 1t somewhat more difficult than usual to are cautious in such times about taking on increased expenses. But just such times make the unselfish, tenderly provident and prudent husband and father realize the more clearly his fam ily's need of 8 sure and constant pro lection and their dependence on him to provide it. It is only to that class that The Connecticut Mutual with its sim pie, wholly business-like and wholly non-speculative plans and methods commends itself. It is not surprising, therefore, that while we wrote slightly less in amount than in the previous year the number of persons insured was larger.
 The proportion of lapses and surren- ders was extremely small, being only 367 per cent. of the amount at risk at the beginning of the year and less than in the previous year; so that while the amount at risk has decreased a trifle, $307627 the number of persons insured has increased several hundred. The re- markable persistence of our business Is a most gratifying feature. On the one hand, 1t Is due to the unparalleled low cost of insurance in this company, and, on the other, it helps to keep down that cost by making it needless to spend heavily for new business to replace heavy outdraft.
 The mortality was somewhat higher than in the previous year, but was still far below that expected and provided for by our calculations
 The gains in income, assets and sur plus have been satisfactory. The expenses have been kept rigidly down to the same scale of economy which has always characterized the company and given it an unique posi- ton among institutions of its kind. The increased dividends paid were fully earned, and there was left besides a substantial addition to the surplus which protects our large and all-impor- tant obligations, and which also mate | rially assists in maintaining a steady | rate of dividend unaffected by ordinary changes in general business conditions. | In all that goes to affect the strength | and permanency of your company and | the cost of your insurance here, now | and in the future, the results of the | year are not only satisfactory, but, un- der the untoward general circumstan- ces, gratifying.
 To speak in detail-
 FINANCIAL OPERATIONS.
 Received-
 For Premiums. ...s4 ST5,97S S For Interest and Rents ,4OS 2S Balance Profit and
 Loss ss.........s...,..,. l0,dif 70
 Total Income. ...................$ 7,99575s Al Disbursed-
 For claims by death t- s- and Matured Endow-
 rnentS. ,.........S S4 ,Slo,SI4 't5 Surplus returned to
 policy-h elders. ...... 1,265,4l5 20 Lapsed and snrren-
 dered policies,......' ooS,'Ul oo
 -G'5it 6oiderrs., r,1 ....... o 80, ,los,sel 6s Commissions to agents,
 salaries, medical ex- anliners' fees, print
 ing advertising, le-
 gal, real estates and
 mansgernent g1, nsau9 @ . 7s6. .039 3s Taxes "s s...'........., s0O'5ss I4 S7,ss5,559 S4 Total income, brought down .... $7,005.75S 4 Total disbursements. ........... T,2S5, ,559 64 Balance carried to increase net
 or ledger assets. ..,.............. S6ZU, lgo v Add net assets, Jan. l, l894...... 599Z6, i9e 59 Net assets, January 1, 1895. .$60 546,398 36 Add interest due and accrued, market values of stocks and , bonds over cost, and net de- ferred quarterly and semi annual premiums, as per item ized statement herewith,....... l,6oo0Z6 VI Gross assets, Jan l, 1895. $e2, ,234 925 83 Total liabilities. ......,..,..s...s 50,3oo,7l2 % Surplus, January l, 1s9s......... $0,s7e212 7s
 INTEREST. We received for interest and divi- I dends $2,939, 80: for rents, $26S, ,442.4s. On real estate loans of $37 ASA, ,S4S.18 the <, overdue interest at the end of the year I was $9S,94753, or 26-1OO of one per cent. Nearly all of this small percentage is l on loans on city property. On farm loans of $12,266, ,527.04 in the "corn belt" / only, there was only $12,o9710 overdue o interest Our experience has steadily = shown that the ability of good farms, ;, in good hands, in the right localities, r to pay interest promptly on a proper = that is, relatively small loan, is less !, affected by hard times than is the case !, with city property of good character A and of the average variety; and yet we = loan only in cities which are the great I; centers of commerce. All our loans are a very conservatively distributed and y, placed. = On bonds costing $12256 S90.25 there e. were two items of overdue interest, a to $4,700. One of these is on II bonds of the city of Austin, Texas, and the other on first mortgage bonds of the 1T Detroit, Lansing and Northern railroad. q, Tn neither case do we apprehend a loss. ot
 LOANS ON REAL ESTATE. h We loaned on real estate during the Il year $6,ss0,OO7.S4; loans were paid n, to $7064, ,654.52. T, AND SALES OF lo
 REAL ESTATE. y' It is not to be supposed that over H. poo loans aggregating over $S7, ,5OO, 900 could go through times of protracted