The pioneer express. [volume] (Pembina, Dakota [N.D.]) 1883-1928, 1898-03-04
The Mutual Reserve.

From the Winnipeg Free Press. az
The Mutual Reserve Fund Life Associ
alton Of New York in its report for tn,
year 1897. again exhibits something NOR,
than great increase in the amount o
business done. Considering the fac
that its premiums stand at about 60 PEI
cent OF those of the old companies ane
demonstrating as it does that insurance
may be safely conducted on the nationa
premium system, one can easily under
stand the president Mr.. Frederick A.
Burnham's statement that the progress
of the year has been substantial rather
than snowy in character. One point the
Mutual Reserve is to be congratulated
upon, is the adoption of an effective
premium payment method which has en-.
abled it to report at the end Of the year,
the absence of all unpaid for business.
In 1897 the Mutual Reserve eliminated
from It's report all unpaid for business,
and the business compared with that Of
1896 on the same basis shows an increase
of about ten millions.
The new business received during the
past year amounts to 81 ,525, 755 while
the premium income reaches the sum OF
sc, Os1, 800 81 leaving the association at
the end of 1897, with more paid for:busi.
ness and a much larger premium income
than ever before in its history. and an in
crease in returns to ;policy,holders of
$173. z7s.O2.
MIR. Burnham, the president, has more
than met all expectations in reference to
his executive ability, his system OF agen-
cy organization having proved every
thing to be desired in the way of effic-
iency. ~ . LIZ. sassss,se!!aaN @
- The northwestern department which
includes northwestern Canada, and the
states of Minnesota, North and South
Dakota, is under the management of A.
R. McNiehol, a gentleman we'll known to
Winnipeg. Since the northwestern states
were included in his field the business
from them has very largely increased. o
Mr.. VIM. Uglow, who hands us. the
above, is we'll known in this county as
the popular agent of the above company.
Notice of Sale of School, Lands in
Pembina County.
The following described school lands
situated in Pelnbina county and State of
North Dakota, will be offerer for sale at
public auction to the highest bidder, at
the court house in the city of Pembina,
county Ct Pembina, state of North Dako-
ia, between the hours of 10 A. NJ. and 5
P. NJ. on Friday the 18th day of March, A.
D. 1898, said sale to commence at 10
O'Clock A. NJ and to continue from day
to day until all lands herein described
have been sold or offered Tor sale.
All lands will be offered in tracts as
hereinafter designated and upon the fol-
lowing conditions:
No tract of land will be sold for less
than its appraised value and in no case
for less sum than ten dollars per acre.
The terms of sale are: One-hfth of pur-
chase price to be paid at the time of sale;
one-fifth in five years; one-ffth in ten
years; one-ffth in fifteen years and one
fifth in twenty years with interest at the
rate of six per cent per annum, payable
annually in advance.
Upon approval Of contract of sale by
the board of university and school lands,
the purchaser shall pay interest from the
date OF sale to January LIST, 1899 on the
deferred payment at the rate of six per
cent per annum.