The Houma courier. (Houma, La.) 1878-1939, 1896-09-12
MUTUAL RESERVE FUND
LIFE ASSOCIATION.
The Manager Says That Free
Silver Will Not Hurt
Their Company.
EprroR HouMA CorRIrR.


DEAR SIR-I submit to you for publica-
ton the recent statement of the "Mutual
Reserve Fund Life Association" of New
York, touching its attitude upon the
monetary question that is now agitating
the public mind.
As a great life insurance organization,
dealing in life insurance pure. PLAN and.
simple, we are entirely free from tho vex
ations questions that bring unrest aud in
security in speculative minds, and spec
ulative interests, either politically or
financially, that SO often confropts the
public mind. We congratulate the policy
holders of the Mutual Reserve, and of all
other natural premium companies that
they are in no danger of being cast off as
were those un fOrtunates who held life
insurance in the defunct old line life
companies referred to by John A. Mccall
of the New York Life ia the years 1903
Let silver triumph or suffer defsat, it
will mark the pages of life Insurance
history, no stains of miscalculations, or
misUsed funds of Policy-holders with the
natural premium companies.
We are free from every speculative or
banking feature. We learned this lesson,
expensive though it was, to those who
bad made tue old line companies the
castoaians of the protection of their loved
ones at home, from that long, and infa-
nous list of old line companies, of which
Mr.. Mcsall speaks, that went down with
many millions of the peoples money.
They failed, Notwithstanding the high
prices charged for the insurance, and the
mOurners go about the streets. But the
managers and receivers are luxaria ting
just the same.
1t is time that every man was learning
that half the money he pays for an ordi-
nary life Policy on the tontine plan goes
into a fund for speculative purposes and
has nothing to do with the protection his
policy offers upon his lite in case ofdeath,
The contributions to this robbery fund,
which the old lines are pleased to cal
legal reserve, is what policy-holders
are promised dividends up0n-somt
day-money in Louisiana is worth {
per cent, they only promise after
the tontine period expires 5 per cent
Did you ever think, that. half the cost q
u Penn Mutual, New York Life, MutuaI
Life or Equitable policy compounded al
5 per cent would make the face Of you
twenty year bontine policy?
In spite of all the printed calumuy ofth,
old line companies, aud the foal toungec
liars that they hire to 80 among the PEG
pie 10 misrepresent us, we are still doin.
business at the old stand, giving goo,
measure, all wool, and even ono var,
wide.
If it reqnirel this additional amount /
insure the safety of our life Insurance il
case Of death, l would bow quietly, AN,
espouse the cause. But the eXperienc
table Of Mortality and the experience 70
forty years past shows that it does not
and that there is nothing in it it has bee.
vindicated by my own experience an.
thousands of others all over our govern
ment The only ones benefited by theS
excessive charges are the managers 0
these companies, and the hero Of emissa
ries they send out, on large commission
to gather in this robbery fund from tn
people. There is nothing in life insuranc
except what the beneficiary gets,
Use your surplus in Building 81 Loan O
soAe other speculative method or endo'
a school for Terrebonne Parish with til
. difference which would be ampl,
1t will pay You better-or let you
families enjoy the difference in I'll
cost to increase their comforts 4
home. There is no sentiment in Lii
Insurance, it is purely a matter {
business-protection for the homo whe
the bread winner has been removed.
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