The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1895-02-23

We 60 sazrrerure ccu3ernpanto enc41
ftwecousaxeU - nMye o<en ana are tMeay
20 % unde 0xsng snts derx ssss3un Nsthccx
eeFscus auxfsky. vNz3s the h<gher raAs Of
tusxscsk ssasMed frcsn rraa eseate hams
sunnes s1.esn especially deefrunhe for earn
No av1asuaaA
M pufxAanes oE iupnrfnuce have ben
sunxio dwsug 80 year. Bou9 have been
rned o0 to 90 amunuk. - Con-. u Nn,-
osxA We now fyu1d boris Of TIE par
wnsns oe 81 ~. cosslng 81 80 Is.
ana worth January I. lss6. 81 No.ol7 BY .
most CONSERVATIVES uss o( market Quota-
ssuna An inspection Of the azss VIII DIS
close she<r hagh character. We have
been u . good deal q pains % gsf our
hpENufD 1nfo bonds nvinG . hong tlne
% run
Insurance Operations.
MORTALITY.
TA8 o6nkh losses Ga 1874 were sorneWhAx
hxgt1er In amount and ratio than Those In
tha pFswtous year. nazk were stii 90 far
Within <np amount ankfcpAnea by oar
prensRms and reserves ~ Do give N q
uef saving uf about $ssS 900.
REvIvAIA
~ good feature of the years busfne.
was the uevayaa OF . considerable number
q rn1caes whsch aapsed In tho pressure
OF me panic of 1888. Il Il Tar the cheap
Insurance and arc stal snsuznble risks
can resume carrying policies. Our agents
ara instructed TO givo particular at1en-
taon to such cases.
DIVIDENDS.
Tho dividends paid 10 policy holders in
1894 were larger s1an those paid IN Itss
The cost OF their Insurance was therefore
isss. A IKE fncrease will be made In ne
davtdendn on poacies renewing In 1855
SURPLUS
misunderstanding the large Dividends
paid en- 1894 the surplus held increased
from =, 4sS. ce7.U January I. 1884. 70 ss.s7s.-
N2.B January ]. 1895. q gain OF $42S. lS4. 81
But <2S2 $3.50 Of thas was due to the tn
creass In tdaa mhrie& values Of stocks
and ouni1D over th0sa Of the previous
year. leaving . gain 10 surplus OF $l66,-
566u from the actual operations OF the
year.
Out OF this surplus nrust ultimately
come the difference between the par and
market values OF our bonds II they are
held 10 maturity. For the rest. it pro-
tects the assets and the business against
unforeseen Toss and disaster. aaSf aids
materially IN earning current dividends
and keeping chem steady. while each ma
turing policy as 81 retires from the COM
pany receives Its apportionef share.
Our surplus would be over 1900. 600
larger than we count at II we tested our
own strength by the legal standard used
by the state departments and by other
companies Computed by them our sur
plus would be about ST. 600
NEW BUSINESS.
We have steadily adhered to our time
fonored principle Of seeking only such
good safe business. in the healthy parts
OF our own country only. as could be had
without increasing our expenses and so
increasing the cost of insurance. So
great stress has been laid by certain COM
pandes, Iaboring under certain necessities
OF their own creation. ON the imperative
need OF great volume Of new business
every year, and they so violently crisi-
else those who do not follow their lead,
that not a few managers regard them
selves Justified In meeting hard times with
q great expenditure rather than allow a
falling or In amount at risk An appear
ance OF enterprise Is to be maintained at
whatever cost TO their policy holders
Dividends must not stand In tbs way.
The Connecticut MutIat Is 80 large and
IT'S business 30 stable that it does not
need to make size or growth a matter OF
other than secondary Importance. Its
first aim Is TO make Its policies secure;
9ts second. to make them cost as little as
poibse through economy and prudence:
and then. from such business as a low
rate OF expense win secure without MAX
ting us cut policy hpadera' dividends, It
takes on growth in easy times and in
hard tinses 1t takes Il or not, as may
happen Cost 10 the present members is
so Vital a matter aus life Insurance. that,
in our view. IL that element be properly
taken care OF the matter OF growth is
not a thing TO s,e anxious about. 1t will
take care OF itself in the sense that It
needs no sacrifice Of existing interests.
OUR EXPENSE ACCOUNT
IN 1894 was only s94 per cent. Of the IN
come, q ratio materially less than that OF
any competitor and nrush less than half
chat OF the most pushing companies
The cost Of ossr Insurance il oorre-
srursiingiy less than I'm those companies
The cost Of our Insurance. Is and for a
bong time mas been Decreasing each year:
the cost OF theirs Ia and for hing tigrse
has been Increasing.
COMPETITION.
The Tortfne schemes of one sort or an
other In use by 90 many companies re-
qusre extraordinary profits to make the
extraordinary dividends promised IN but
postponed to the future These profits
airs tn come from forfeit,sres, ana a great
nsany are needed for large amounts. for
the success OF the plan A great new
business To furnish great forfesurres TO
the pool seems 20 be the central idea and
as.s, OF the scllRxne. II Is the one end TO
which every nerve II strained. The new
business must be kept ahead Of the for
FIXTURES, Iris makes composition exceed
fngiy sharp.
wrote in 1924 the enormous amount of
500 o0c 90 and over In new business But
Sc also had fapeed and surrendered. be-
sides its death losses and ersS1yrnents OF
aGbozxt SO. o0o. CO. the great ssrrn of over
$50, o0o. ao: over 20 per cent. Of what II
Rad IN force at ths beginning OF the year.
Several Other companies ara STRIVING to
ogrtdo II possstae or at Least equal this
one. It's expense accoun. Is g per cent.
of Its srcome and has been as high as
that for many years. Its rivals are not
behind $n IberaatFy OF ysan or expersif-
tire. L IS useless TO hook for Asorest. he
gaizriate cnrpctktton-an examination OF
ressi r1erst-uufter esfcis coTsfE TORS The