San Antonio daily light. [volume] (San Antonio, Tex.) 1886-1907, 1896-04-04
A GRAND RECORD.

points of the annual statement of
the Mutual Life Insurance Com
pany of New York, appearing else
where in the columns of this jour-
nal.
The record of this Grand Old
Company is a magnificent showing
of what wise financial Judgment
and conservative management may
bring about. A careful reading Of
this statement and record is worth
the while of every person insured
or contemplating insurance, and to
those who are so fortunate as to be
insured in the Grand Old Mutual,
it is certainly source of gratifica-
ton to them as we'll of assurance
that their interests as policy-h old
ers are being looked after.
1t would not be out of place he re
to call attention to some figures in
the Company's statement. The
gross assets now amount to the
magnificent sum of 1921, 2l3, 72l.33;
and bear in mind that this Is no
accumulation of monopolistic capt.
tai, but a grand trust fund held for
the future protection of its great
army of policy-holders. The I'M
divided surplus is now $26, $685.
563.75, but the most significant
part of this statement is after all
the one which reveals the amount
paid to policy-holders. The object
for which the company exists to-
day is manifested by the greatness
of this disbursement $23, l26, 72S.45
paid in a single year to policy
holders needs no comment, except
to call attention to the fact that
while paying this enormous sum
to beneficiaries, the assets in
creased during the same year over
l6 millions of dollars and the sur
plus over four millions.
The insurance account for 1895
also shows another remarkable
feature, and that is, that the Com
pany in one year increased its paid
for insurance over 81 millions of
dollars, a record unsurpassed by
this or any other company in the
history of insurance.
1t may be we'll here to remind
the reader that the company has
now its record before the public for
SO years, and to understand its
true work it is necessary to look
back at what it has done. 1t has
in fifty-three years paid to bene-
ficiaries in death claims $3.50, 45O,-
630.37, it has paid it's living men,
bers in endowments, annuities and
dividends, $246, 116,995.42, or a
grand total of $411, 567, $3.50. Be-
sides it has now assets of 1921, 2l3,-
72l.33, with surplus of over 26
millions.
Can you question the standing
of a company that has received
from policy-holders in premiums
$685., 1893, 365 Sc, and yet has paid to
and accumulated for them $780,
565, 204.27, or over 81 millions of
dollars above premium receipts.
Certainly a noble attest to its wise
financial management and con-
sentative methods.
1t must be borne in mind that
the company that most nearly APP
breaches to the ideal Life Tnsur-
ance organization is the one which
disburses the largest amounts to
its policy-holders and at the same
time holds for their future benefit
and security such an amount as
will guarantee the ultimate pay
ment of every policy on its books.
The figures of the business done by
this Company during the past 90
years are so eloquent of the work
accomplished as to require no COM
ment here.
An organization which pays out
to it's members over All millions
of dollars and still holds for their
security over 220 millions, fulfills
the mission of a life insurance
company in the broadcast and full
est measure. Such an OrganiZa-
ton merits and receives the conf
dence of every one of its members
and is at the same time the pride
of every one who is interested in
the material growth and prosperi-
ty of the great nation within whose
borders this Company has grown
to its present wonderful magni-
tude.
The Company's business in Tex
as deserves some mention here, for
it has the largest business on its
books Of any company doing bust
ness in the state, and besides is the
largest taxpayer of its class. The
statement which appears else
where in this paper is evident of
this fact. Besides being ahead of
all other companies in business, it
has paid in claims to Texas policy
holders over two hundred thou
cnnh dollars the mast wear. this