The daily herald. [volume] (Brownsville, Tex.) 1892-1897, 1895-09-28
SOLID AS
A ROCK
is The MUTUAL RESERVE,
The Grand CD EutssF and Ha Pathetic
StoT About an Old Nan 'BfntIl Duped'
Knocked nto A Cooked Hat By Gold
Facts and Figures
EDITOR DAnr HERALD.

DEAR SIR IL enclose you below
with special comment a few fact:
and figures which 1 consider of in
terest to the patrons of your paper al
Brownsville as also elsewhere.
Had Mr.. j. II. Shapard of Column
bia, Texas, carried 100000 in the
Mutual Life, in her cheapest policy
life rates, he would have paid in
nine years $T191.00 instead of $1,000
co as he acknowledges he paid in
the Mutual Reserve. Mr.: Shapar6
says he was raised so per cent in the
| Aug. assessment. His age is 50. the
assessment for that age, 90, is S67. IS
| Il have the figures before me- conse-
quently if he has been paying 80 per
cent less for nine years starting at
the age of go, he has been getting his
insurance at about half what he could
get insurance in the Mutual Life in
her cheapest life rates. In other
words he is getting his insurance at
50 in Mutual Reserve for less than
he could get it in the Mutual Life at
81. Mr.. Shapard says: "They evil
IDENTITY think the old members will
be dying soon and they will have the
policies TO pay" Yes, that class have
been dying. In 1894, we paid those
Policy holders over $3.50, 900 in death
losses more than they paid in, and
in seven years we have paid over
$2,00O.000 more than their total con-
tributiens, and yet the company con-
tinued TO pay. but the commission
ers of insurance step in and say to
the officers; you must raise the as
sessment on those prior TO 1888, in
justice to all, the company complies.
What is the results? Commissioner
PIERCE of n: Y. says it is just and
legal transaction, Aug. F. 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 undoubt-
eddy solvent and prosperous; policy
folders 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. all be happy, but so
long as the Mutual Life iscompelled
to do all this work it is too hard on
her, and she is losing too much in
surance by it. Now let's take look
and see how the ''Old Lady" is hold
ing her own. In 1894 the Mutual
Life, with an expense of $9,7S9.634,
increased it, business S51,S43,2S3.
The Mutual Reserve with an expense
of 1,557, 40, increased its business
S30,759,04I. Did l hear anybody say
anything about economy?
The Mutual Life paid for death
claims sl1,929,795 for expenses SO, 7S9
634. Whewl The Mutual Reserve
paid for death claims S3,G70,5I4 for
expences $L,557,749. How is this?.
The Mutual Life paid dividends
in 1874 $19.12 to 800 of premium in
come. The Mutual Life paid divi-
dends in 1894 1852.
Now gentlemen figure on what
she will pay in 20 years hence.
In 1894 the Mutual Life wrote in
Texas S3,343, 1876 and lapsed $780,
4O3.
In 1894 the Mutual Reserve wrote
in Texas 81, 7S2, 900, and lapsed s743,-
600.
The Mutual Reserve leads her
1886, 307.:well it is enough to make
the 'Old Lady" twist and
squirm. Now, we can ses Why the |
''Old Lady" takesso much interest !
In the Mutual Reserve, but it won't |
DO her any good. The Mutual Re-
serve has SAVED its policy holders
over SAC, 100000 in premiums and now
has more than $500, OG0, 900 in force. |
1t is supported by the very highest
official endorsement as 10 solvencv
and correct business methods. It
pays all honest death claims in full
and gives insurance at cost, In Aug, |