The Weiser signal. [volume] (Weiser, Idaho) 1890-1904, 1896-08-13
THEY TALK ON POLICY
INsu RANCE AGENTS SEND LET
TER TO JOHN A. M'cAIL
A""ef-' They Claim, Would he Dou-
bied if the BimetaIIfc stand
ard II Adopted.
Denver. Col. Aug. s-H. P. Martin, L

pany, have addressed the following let.
Ter to John A. Mccall, president of The
company.
Dear Sir: The official agency bulletin
OF the company. under date of July 25
1876. in large, red letters, says: Talk pol
icy and not politics. This is indeed ex-
ceilent advice, and could he applied by
some people other than agents. We have
assiduously talked policy and not poll
ucs, until few days ago. but since the
circulation of your letter of political ad-
wee TO policy-holders. we find our vocal
ton gone, and are forced now to talk
politics, not policy. What Is right in the
| president of the company can not be
wrong In its representatives, so far as
the company's interests are concerned
and 1t Is our excuse for addressing you
this semi-polltical letter
| AS polcy-holders In and agents and I'D
vocates of the old reliable New York
Life Insurance Company we are, of
course, deeply interested in everything
that pertains to It's success, and we
would not willingly vote at the coming
election in such manner as would unfav-
orably AFFECT the company with which we
are associated. We write 10 ask for in
| formation and answers to the following
| questions, that we may be able to cast
] intelligent ballots ourselves, and possibly
influence a few others to do likewise. IN
| your circular letter to policy-holders.
with copies of which we were not favor
| ed, and therefore as policy-holders we
feel sighted, you refer to the nine bill
lions and over of insurance in force which
must be paid some day, and you ask in
what shall 1t be paid--lOO-cent dollars or
Scent dollars?
The sum Is almost too large to handle
conveniently, so we take the New York
LIES share of this, which, on January
l. 1896, was s7s9.027,00o. To represent this
outstanding insurance account, the com
pany has a fund of $174, 791, 800. a. of which |
VI OBS, SO Is surplus or profits, the bal |
ance, sl5O,7o3 312.65 with the exception of
Few items), in policy reserve. Assume |
1t all to be reserve. That amount, with
compound interest al per cent. on the |
basis of mortality tables accepted by the |
company. Will be exactly adequate to pay |
TO the policy-holder at death or maturity.
dollar for dollar, the amount of his policy, |
and leave the surplus s24.O3S, G77. 80, abso-
lutely untouched, even If the company
had ceased to do any business since jan
uary l, 1896. The question naturally
this sum invested? Is 1t not all. or very
nearly all, in Understanding gold bonds
and first mortgages, with a comparatively
small amount in real estate absolutely
owned by the company? We take 1t for
granted 1t is
Now what proportion of the out
standing insurance does the company
specifically agree to pay in gold for ey
|
pany? Does IL not stipulate that premi-
ums must also be paid in gold? If So this
small percentage of the business will
have no effect whatever, for the company
could just as easily agree to pay a GER
tain weight in diamonds for a proportion-
ate premium and interest in diamonds |
The gold policies (of which but one sor
10000 has been written by this agency ;
force during our several years connection :
with the company, and that one for an e
will certainly take care of | 4
themselves t
THE vast majority of the business
however. is payable in dollars-just plain
very-day dollars-the company pays | !,
hem In dollars If the dollars received | q
~ the company have been converted in | A
o gold, or l0O-cent dollars, and the com | D
amy pays its policy holders in so-called | k
q cant do1lars oo,,o. A.. =, | I,
sford 10 ~, ,,,>,,,,. 0op'S 7" ." Ii
: n,,oh 80 -. a,',os. Twice Il
omnon,, u,,,, aa,t,,,,,., ~ 'ne 81
+ A. Giants on o,,ar,, ~ pro,,'
n hacona Of th,s go. =, a.' what Is "
very do,,or9 r. r,,,rt 'en's on
nd haing n,,ra,,, 80, w surplus n
urn,us hs,onas - 49, ,' eo ,,, 'h's OF
=, W '"e poiicy nolders ana IS
6ditional AZ cents a,,,a So cue &C
,vidords 81. i, ass,,,s " .'e'e'sea az
lrance9 Tho sar,a nr,,,,,,r W M
-, 7s,,,,,,,a I' =. e'p'e "Ppnes 90 II
a Az so . '''V' Vi ga n,
This an,or,t l. ,,so .,
socnrI,,aa !" so'"
,nvorted ,,to sooo,,s, "a "' ""on
80, ~ w INV So-S'hs" af-cent dollars, | XII
,rnlus n bo,ds go '',' . e"ioe inc ju
almost t,v,oa 90 - o'"siy make les
ste,d ., ,,a,s,,, =, IN, 20 1t ~ now ed
,le enanciers ,,o,,la 49,. ~ as some an
.You NAV answer thaso os''eNe, pr
otirg tho oo,,,,,,,,, IN, f'e''ions ny 2
Tho scoro,t,. 81 ~, =" account W,
# IN rord ~, e. que 10 coz de,
curtties orc No, ,,,,, - II these ]
II the company not foreclose on tho ina
onart,es an ,,S,o,, eoiose on 'ne gr'
ss1 ~, ,,o. -. ~ seouri'ies are no
. -. = VI 'heih Tor oiy
:. 80 ue VI say % per va
~ - " '''-~'7iN NViidt OIL gold basis | SNo