Wheeling Sunday register. [volume] (Wheeling, W. Va.) 1882-1934, 1895-12-22

rany are conducted with ability ana ~
tegrity.
The Medical Department Is thorouy,
~ s!5tematized in its methods Of 80
pointing and supervising local exammY
ticns, and scrutlnizing applications
iIsalapcC
The ratio Of rejected cases averags, |
about 8 per cent, and the districts ~
which applicants must reside are h.
Gated in the better portion Of the Uri-
ted State5-no foreign business is dore /
The care exercised N selecting rfst,
is likewise proved by the Actuary's cal. |
culations, showing the death rate h h,
only about so epr cent. Of that exJee.si
by the mortality table, although ,6a
Company is now SO years old. Care ?. /
again shown by the small number q,
cases of fraud among death claims.
The legal department looks after ,b.
titles and abstracts, and examines mir.
utely into the legality Of each bond in
which the Company makes investment
A careful inquiry into the details of this
department will be found in the A.tor.
ney Generals report.
The Actuarial Department Is well svs-
tematized and equipped, making It easy
to acquire any information desired The ]
card system is used in this and several !
other departments with good etfec, an.
to an extent not usually found.
The Financial Department, with The
aid Of the Finance Committee of seven
trustees. IS an extensive affair. This
committee meets several times a week
and pass upon every investment The
minutes of their transactions, as WEI. as
the character of the investments, .la-
cate careful and intelligent discrimin2-
ton.
The Agency Department is managed
with the assistance of the Committee Oh
Agencies and Insurance. The increas-
ing new business and advance IN ,nsnr-
ance outstanding from year 10 year are
evidences Of competency. The Company
gives no bonuses, allowances or salaries
To agents. Agents are under bo1d and
losses from default are few and SINAI. IN
amount. Agents debit balances and
commuted commissions are not.ce2bly
small.
The Examining Committee is COM
posed Of three trustees, whose duty II
twice a year dec. 31st and June BULB
TO count all the assets, compare youcl-
ers and checks with the cash book.
check all the entries which finally cu.-
inmate IN the ledger, and verify the tr.l.
balances from which the published and
sworn statements are made UP. THIS
,rork vras, found TO have been faithfully
done both for Dec. 81, 1894, and June 81,
1895. -.
No expenditures for illegal or impr9p-
or purposes have been discovered. The
custody Of securities is in the nands OF
the President and I'd Vice president.
Bends with two sureties for S2O,OOJ9J
are given by. the President, Secre,aIy.
Cashier and Treasurer. All officers and
office employees are salaried and receive
no other compensation. No one, eXcep
agents. derives any commission upon
the business.
The Company's treatment Of policy
holders is eminently fair. All priv
eyes and benefits given to new pollri
holders as to loans. rates Of interest. sur
render values. guarantees, freedom o.
occupation and residence, are EXTENDED
ut once to the old.
Every facility in making this eXamin-
ation has been cheerfully extended by
the officers and clerks over a period oI
more than two months, frequently en-
failing night work and considerable n
corruption TO current business and sus-
pension of vacations. The new business
written by the Company however, dur
ing this period has been as large as for
date in any previous year
Of its history.
The Commission has found little 20
cr.ticise and much to commend. Ii Is
pleasure to congratulate the policy hold
ers of the Northwestern Mutual Life In
surance Company upon having their in
terests guarded by so efficient a board OF
officers. and the highest compliment
that can be paid is, that this eXamina-
ton has demonstrated that the Com
pany. in IT'S dealings with its policy
holders and benefciaries, and in It's
financial management, has lived up %
that high standard OF reliability which
has gained for it the confidence Of the
people and made its grand success pos
sible.
Respectfully submitted,
VIM. A. FRICKE,
Commissioner Of Insurance, Wisconsin,
Chairman.
G.. S. MERRILL,
Insurance Commissioner, Massachusetts.
BRADFORD K. DURFEE,
Superintendent of Insurance, Illinois
j. T.. NIPPLE,
Commissioner Of Insurance, South Da-.
kOta.
EUGENE MOORE,
Auditor of Public Accounts, Nebraska.
For information, rates, &c, address
T.. NJ. TURNER, General Agent,
1905 Market Street,
Wheeling w Va