The morning news. [volume] (Savannah, Ga.) 1887-1900, 1895-02-19
INSTANCE REPORT.

history in its preface 10 its book OF ''Esti-
mates used by agents; While the re-
suits Of the future must necessarily de-
pend on the experience Of the future
figures based upon past experience
furnish the best attainable data upon
which to judge OF the management OF the
Society and the value OF its Tontine as
When these policies have received their
one Tontine dividend they fall back into
the annual dividend class. And the an
nual dividends are slight.
As the Investment quality dies out
its form is attractiVely varied to conceal
the want of substance and 10 create the
nluslon OF giving much for little. The pol
lcies are made TO have an appearance. OF
hberahty as TO conditions which is false
in part and for the rest part destructive
OF honest mutually and OF public moral
The legitimate business of a life insur-
ance company is the payment Of death
losses out Of the premiums paid by its
members. Aside from making its contracts
absolutely just and secure, the great
merit in administration is to take as lit
tle money as possible from its members;
10 90 the business as cheaply as pOsslblei
To make their annual payments as small
as possible To assume to convert the
payment Of losses of any sort into an in
advantage to favored few can be had
only by the wholly needless sacri-
fees of multitudes, each one Of whom
hoped to be of the favored few.
CONDITION OF THE COMPANY.
The assets Jan. ], 1895, are S62. 2S4 925 SO
by most conservative valuation, an in
crease OF SS1l,52O12 during the year. The
liability for reinsurance reserve on bust
ness based on the assumption of earn
ing 4 per cent. annual interest priOr TO
April. 1881 is 81, S0S $50; on business based
on the per cent. interest assumption
tall since April 1882 it is 50. 9l2 200. This
last item of reserve is considerably over
$l,UOO,O00 more that it would be on a I
per cent. interest basis. The company is
so much stronger than any legal stand
ard requires, or than any cFnpetitor
As the rate of interest tends u gravitate
downward our position in this matter is
one of congratulation to our policy hold
ment.
The other liabilities are Sl.137 ,e21. So.
leaving a surplus of S6,S76, 212.7S, which
has been referred elsewhere.
CONDENSED STATEMENT.
In forty-nine years Of business the Con-
necticut Mutual has
For premiums. .S1S2 6s7, 1881
interest, rents,
and bal. profit
and loss........ 7S,43l, 47259
"
Iotal S26l IFS 6l2 20
Disbursed-
Death claims and
endowments o. S93, 49,. 20742
DlNluendS .-...... %, t4y, l0IO9
surrendered pol
lcleS ........ .... p, 3SS, "a
Total paid pol
icy holders. .S169. 500, s6S 45
Expenses ........ Z2,699,Sl00l
Taxes ............ S,24l, 5353S
--- 20O, 572, 2l9 81
Balance, net or ledger as
sets, Jan. !, 1895 ..............S $50 $40, 39S SO
We recommend this record to your care
full scrutiny.
In its business conceptions, plans and
methods, it's strength, economy equity
and unparalleled results to its members
The Connecticut Mutual stands in its
totally the matured fruit of time, exper-
fence, and conservative administration.
carrying in itself the vigorous and health
ful seed of a beneiicent future.
Respectfully submitted
JACOB l.. GREENE, President.