St. Johnsbury Caledonian. [volume] (St. Johnsbury, Vt.) 1867-1919, 1896-04-10

old tree was beai1n9 pretty SOod irult.
Turning to the same table we find it's
figures and hand them over to debit and
credit.
The Mutual Life Insurance Company of
New York.
DR..
To premiums received from
policy holders from organ
ization to Jan. 1st, 1895, $51e, 1852, $50
holders. 69,55s,555
$3.50 ,41o,9o5
BY payments to policy holders
(plus assets) from organiza-
ton to Ian. LIST, 1895, $5S9, 40, 905
$5s9,41o,905
Hang out the fags The dear old COM
pany, the bank of all banks, the greatest
wonder in finance and the pride of every
honest life insurance manager and agent
the world over, has alone earned more
than one-half the net profit standing TO
the credit of the forty-three companies, or
fifteen millions more than the forty-two
combined Debit and credit certify to it,
and history swears to the balance. Surely
there is merit in life insurance, and just
as clearly is its highest degree to be
found in the Mutual Life Insurance
Company of New York, for, not judging
by the work of any special year or
period, flor half truths make bad
lies,) but grouping together all the
years and all the transactions since the
companies first opened their books, that
no factor affecting the result may be
overlooked, we find by simple calcula-
ton, that while the policy holders Of all
other Companies combined have received
in benefits $10244 for every 500 paid
out, the policy holders of the Mutual
Life have received in benefits $113.3S
for every 500 paid out or an excess of
$10,94. This means something. 1t is
applicable to every dollar paid to the
companies in premiums. Applied to the
$221S, 023 SOB, paid to the other COM
MES; it means two hundred and forty
two millions, six hundred and fifty-one
thousand, seven hundred and seventy.
one dollars, and it means that had the
other companies as a body been man
aged with the same degree of skill and
economy as the Mutual Life, their pa
irons would have received just so much
more in benefits than they have received.
This is worth knowing, for it covers and
answers nearly every question which can
arise in discussing life insurance. and you
may thank debit and credit for the in
formation.
The Future.
So much for the Mutuals past. AS
Daniel Webster said Of Massachusetts,
there she stands; look at her." And
in looking at her make minute of the
fact that she is altogether the largest
day OF whatever kind or character, hold
ing invested assets of two hundred and
four Millions and has upon her great
ledgers eight hundred and fifty millions
of bought and paid for insurance which
is "stock in trade" Debit and credit
made no mention ofthis item, but where,
think you, would many of the compa-
MES be were all past shortcomings
waived, forgotten and forgiven, and
they were required to make good their
present condition only, by adding
to their stock in trade such excess as the
Mutual Life holds above their own
amounts? Where indeed, except in the
receivers hands; tor, alas, their entire
assets W would not buy it.
Remember the Test.
We ask you to remember the figures
and the debit and credit test, and the
next time some genius who ought to be
selling Western town lots instead of life
insurance, comes at you with his cock.
logic, with audacity instead of facts, and
begins solicitation of your application
for insurance in his company by pitching
into the Mutual Lie, after requesting
him to wipe the mud from his boots, close
the door, take off his hat, spit out his cud
and be seated, quietly ask him how, if he
expects to succeed in life insurance work
he can consistently condemn the greatest
and grandest OF all companies. Tell him
you must decline to consider the merits
of his company if he can honestly assure
you that the Mutual Lie does not afford
safe protection and profitable invest
ment, for if that company is not goot
nothing in the way OF Life Insurance car
be good. Tell him that you see in tn,
operations of the Mutual Life the sam,
hand (which ballasts the constellation.
and pencils the pink" and you re moi
going back on the company which has SC
honestly and intelligently handled tn,
sacred contributions of prudence ant
affection. Admit that "the company il
big" Assert that therein lies much o
its superiority and earning capacity. De
clare that certain things, among then
the public school, the Christian religion
and he Mutual Life are bound to sprad
Admit that it costs something to run TIN
Mutual Life. 1t costs something to ge
something in any business. Assert tina
all expense might be stopped by goin,
out OF business Admit that the "conl
pany owns big handsome buildings" il
the great cities, Assert that they ram
among its best investments. Admit tina
the presidents salaryis large" (Knock
ing off, say, half the amount named
Assert that he is the most able financie