St. Johnsbury Caledonian. [volume] (St. Johnsbury, Vt.) 1867-1919, 1896-04-17

DOMAIN extolling the merits OF the Mutual
Life of New York, and incidentally
Furnishing myself, as well as Brothers
Way and Eldridge. Anyone who has
taken the trouble to keep track OF the
running fire between Agent Drew and
myself the past two or three months has
probably noticed that the majority OF
his advertisements are purely personal
matters, the balance showing the large
figures of his company in comparison
with the much smaller figures OF my own
company, but, as have said before, size
amounts to nothing, but for compari-
son of the two companies let us look at
a few facts and figures. / have not been
in the business but ten years so cant
90 back very far The oldest insurance
index comparing different companies
that have goes back to 1880, at which
time find the Mutual Life Insurance
company to be thirty times as large
as the State Mutualininsurance in force
in 1885, twenty times; in 1890, eighteen
times today, a trife less than fifteen
times as large. This shows that the
little, insignificant State Mutual is grow
ing double as fast in proportion to busi-
ness done as the Mutual Life. Income
received in 1880 Mutual Lie, forty-two
times as much; 1885, twenty-five
times; 1890, twenty.one times; last
year, seventeen times. Premiums re-
ceived-in $780, forty times as much;
1885, twenty times; 1890, nineteen
times; last year, sixteen times as much.
Surplus-Seventeen times as large in
1880; only eight times as much in 1889
lat which time they commenced to write
distribution policies). Dividends paid in
1880, thirty-eight times as much; in
1885, twenty-six times; in 1890, fifteen
times; last year, only SIX times. tx
nenses and taxes of new business-in
1890. Mutual Life, 8 65; in 1895, $50;
the State Mutual 2.S7 in 1890 and 80
in 1895. These figures would show
approximately as follows: The average
amount in force has been twenty-five
times as much in the past fifteen years in
the Mutual Life, therefore if you should
multiply insurance written, insurance
gained assets, or in fact almost any
item by this amount you would find
every figure very much in favor of the
State Mutual. Any one not conversant
with the matter might think COM
menced this advertising war, but did
not. Mr.. Drew started the ball rolling
himself, and have endeavored to meet
all his essential points. You might also
infer that did nothing but belittle the
Mutual Life, when as a matter OF fact
have never come into direct competition
soliciting a very little in the territory
that Mr. Drew has been working in tn,
past few years, but am so constituted
that purpose to tell the truth whel
possible, and would say that when thu
Assessment Endowment orders, the big
gest swindle in insurance that was eve
created, tried to start branch of tn
order in this place in $780, ! entered
complaint with the states attorney to
soliciting insurance for a company no
licensed in the state. The agent wa
arrested and that ended their career i
this town, and anyone who knows any
thing about the immense amounts c
money lost through these swindlin
orders ought TO thank me for what | di
at that time. Later, in 1894, when tn
Granite State Provident Building an
Loan Association tried to establish
branch here, by systematic advertising
circulating large numbers OF circulars
lowing that it was a swindle from tn
word go, they lett town without estat
fishing an order, and only few week
ago the Republican newspaper had th
article in regard to it;
st is becoming more and more evider
that the failure to organize here branc
of the Granite State Provident Associ'
ton was providential. The New HAM
shire bank commissioners have recent
reported to Gov. Buse the result OF the
examination of the companys affair
They say the institution must ear
$S10,590 in order to pay back to mer
bers what they have paid in; and tb'
the earning power of the company ca
never accomplish this. The liabiliti
are figured at So. 1856, 161 and the asse
at $3.50, 243; and the commissions
urge that the company's charter
vacated"
Two years ago this spring, when M
Drew first commenced TO write the
payment life policy with life annuity,
made nearly every one believe it was
twenty year endowment. ! advertis
the public to be cautious, and to exami
the policy contract carefully before I
cepting policy with such large es
mate as he gave you to understand y
were to get, and l think that under t
existing facts, where he has had to ia
back quite large number of his polio
and return the money received on
count of Misrepresentation, to say no
ing about the case in court that he
to defend, think am correct in sayi
that told the truth in regard to t
policy. Even last week Brother Way
Peacham, agent of the Northweste