The enterprise. [volume] (Wellington, Ohio) 188?-1899, 1897-12-01
INTERESTING FACTS
CONCERNING THE OLD, RELI-
ABLE NORTHWESTERN.

ever One Hundred Stockholders In Well
ington in the Fourth Largest Financial
Institution In the Country.
1t will come as a surprise to many OF
our readers that there has grown up in
she city OF Milwaukee within the last
forty years the fourth largest financial
institution in the United States, and
fourth largest life insurance company
in the world. Starting in 1858 with
nothing upon which to build except the
profound faith of its promoters in the
resources and possibilities OF what was
then an unsettled and undeveloped
section of the country, the Northwest
ern Mutual Life Insurance company is
able to report at the third quarterly
meeting Of its trustees for the current
year assets exceeding one hundred
million of dollars, and insurance in
force OF over four hundred millions.
While Wisconsin institution, and
as such an object of pride to every citi'
zen Of the state, it has become national
in its reputation, and in the extent OF
its beneficent operations. The North
western has insurance in force (Jan. l,
1872 in the state of Wisconsin
amounting to $43, ,S41, 2a7, which is over
43 per cent. of the total amount of all
the insurance carried by citizens of
this state in all the old line companies.
This is a striking demonstration OF the
confidence of our own citizens in their
home institution and speaks volumes
for the efficiency and integrity Of the
management where it is best known.
As stated above, however, the COM
pany is more than state institution,
more than a Western company, as is
evidenced by the fact that the state of
New York, with its many great insur-
ance companies. has been the field OF
largest work OF the Northwestern, hav-
Ing insurance in force in the state Of
New York amounting to more than
$50,O0O.OO0. In Massachusetts and
Connecticut, which for years were the
leading insurance states Of the Union,
the Northwestern is writing more in
surance than any Of the home COM
panies, gaining in Connecticut last
year more than all five Of the Connect
7cut companies combined.
On the 1st Of January, 1890, the COM
pany had but $2O2, ,4O5, 900 of insurance
upon its books, and has therefore prac-
tically doubled the amount within less
than eight years, and has added since
Jan. 1, 1897, to its insurance in force
over $40, 100000. Jan. 1, 1892, the COM
pany reported assets amounting to $48, :
828,755 and consequently since that
time has more than doubled its accum-
ulated assets, and during the first nine
months Of the current year the in.
crease has exceeded $7,500.000.
These magnificent results have moi
been achieved at the expense Of wise
conservatism. The greatest care is ex
ercised in the acceptance Of risks, tht
business of the company being confined
to the most healthful portions of tht
United States, thus reducing to a min
imum the cost of insurance to the mem
bers Of the company. The financia
skill exercised in the management O
the immense accumulations of THE
company has been the subject of favor
able comment from financiers through
out the length and breadth of the land
The popularity of the company in the
business centers Of the country is due
20 the results achieved by the manage
ment under the able direction of its
president, Hon. Henry L. Palmer. Ir
1874, when Mr.. Palmer became presi
dent, the company had 35 ,226 member:
carrying insurance to the amount oi
$64, 4,692, ,003. The assets amounted tc
$14,093,579. During his administration
the company has grown to its present
proportions, with l74,5N members
carrying over $4000OO,0OO insurance
and with assets of the choicest char.
acter, exceeding one hundred million
dollars. In less than a quarter of a
century the assets have increased more
than seven-fold.
The foundations Of the company have
been laid broad and deep and the sup.
er-structure is an enduring monument
TO the fidelity and ability which has al.
ways characterized the management Of
this great institution which has become
and will undoubtedly continue the
largest purely American company
From The Milwaukee Sentinel, Oct
p, 1897.