The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1898-03-19
THE ACCOMMODATIONS OF LIFE
INSURANCE COMPANIES.
An Explanation of why They Are
Accommodation They Are Made
ana How Invested-An Example
of One of These Great Financial
institutions, Il. Business. and In
vestmen{a In This State.

All life insurance companies found
ed upon correct principles must. of
necessity, both finder the laws of the
states and tffe mathemat teal basis upon
winch they are founded, not only pay
all death Claims as they occur, but
also qfate, large sums of none y
for the purpose cOf enabling them to
meet all claims, increasing as they
must as age advances, without increas-
ing the pr9niumt paid by the policy
holders. ItdiS because of this great
accumulation of funds that life insur-
ance COMPANIES have become such
great financial constitutions and i'm
portant factors i'm the business world
rake, for instance, the great Mutual
Life Insurance Company of New York,
whose hfty-fifth Annual Report is just
III process of publication in accordance
with the requirements of the laws of
the state. This purely mutual organi-
Zauon began business in 1843 without
any capital and has now developed into
the largest and most important finan-
clal institution in the country. 1t has
received IN premiums from the policy
holders since it's organization the enor-
nous sum of six hundred and forty
nVe millions of dollars and has paid to
It's members for death claims, matured
endoWments, dividends and surrender
three millions, and now has on hand
about two hundred and fifty-four mil
lions. This is thirty-five millions of
dollars more than Is required to enable
the company to meet all future obliga-
lions. under the most conservative
star dard of any state, WITHOUT increas-
ing the premiums of the policy holders
and is surplus Invisible amongst all Of
its policy holders. During the year
al iro e.,
llors of dollars and it paid to policy
bofders in death claims, matured en-
dcWmerts, dividends. etc, nearly
twerty-sX millions
The management of such a large
company and the investment Of surh
enormous sums require great ability
eXnerlercA ard INTEGRITY. An exami-
nation of the list of officers and truste IS
or this the greatest and most success
t"l company in the world shows that
trey consist of men of national reputa-
tlon. of great fraPcial skill and exalted
moral ard business chara.@ ter, and their
carS1uf attertiGn and ability, which has
mace the company so successful in the
past, is guarantee of it's future sue
cess and security. The sti'l and ability
or its managers. the leading financers
or the country, and it's location in New
York, the great financial center. give
possible in the selection Of securities
An examination of the statement shows
that its present ipve stments are of the
hiehest possible charac ter. It has in
vested in the securities of this state On
its principal cities. and CT corporations
trarsacting business here, over ten
millions of dollars. an amount far in
excess OF the total premiums paid by
citizens of Minnesota
The company has large business in
this state. over twelve millions of in
surance in force, and numbers amongst
its policy holders our most prominent
citizens.
1t is notable also that this company
is represented throughout the country
III all localities by men of the highest
ability and business standing It's
managers for Minnesota are E.. w. Peet
& Son, with offices in ST. Paul and Min
neapolis. ...,.,