Evening journal., 1900-12-11
Present Annual Income Ex-
ceCdS $50. 900, 900
GUARANTEES 4 LIFE INCOME
The Best Company Is Always The
Company Which Does The
Most Good

The Mutual Life Insurance Company
Of New York is the largest hie insur-
ance company In the world, and the
oldest Of tho active companies ia
America.
70 was Incorporated April -. 1912.
and began business February l. lS43.
ID had no stock capital. A few prudent
men of substance believing in the
mutual system of life insurance agreed
10 take out policies on their lives ag-
gregating one million dollars insurance
il the company should be formed. The
premiums paid hy these subscribers
constituted the initial fund ON the
basis OF which the Company then or
ganized was established
Its first president was Morris Robin
son, the first secretary was Samuel
Hannay and Or Minturn Post was the
cOmpany's first examining physician.
The first policy written was issued
TO Thomas N. Ayers, a broker IN New
York and five days after the company
began business the first policy ON the
life OF a woman was issued 90 Miss Is
abel Chambers Of 46 East Broadway
New York, for $4,000. -Four hundred
and seventy policies were Issued as the
result of the first years business, ON
which the premiums received amounted
70 S37,943.30
The Company was self-supporting
and self-sustaining from the start. The
first death claim did not occur until
the second year of the Company, and
there never was a time when the funds
on hand were not more than sufficient
10 pay all claims due. The first year
the income exceeded the disbursements
by S32.3l1.05: the second year by S65.-
160.31; and the third year by Sl19.51G..
AZ. These excesses of annual income
continued TO increase every year until
for the year 1899 the income was
S2O.292 ,596.58 moro than the dlsburse.
ments. and tho total aCcumulations
from unused income up TO December 81
1899. were S2t6. .6S4 ,362S6
No printed annual report Of th,
Company's business appeared until Feb
ruary !. 1916, when the first complet,
exhibit of the operations OF tho new
company was made public This show
ed that In three years two thOusant
one hundred and thirty-three policie.
had been Issued.
In 1885 The Mutual Life entered upon
career of enlarged usefulness com
mensurate with the rapid growth 81
wealth and population of the civilize,
world. and the success which has at
tended this expansion OF the Compa
ny's bnehcent work has proved thN
wisdom of a course. which a quarter o
a century ago, would have been proper
ly regarded as premature. Changes ii
conditions demand changes in method
and plans The advantages of the en-
largement Of the Company's business
herein referred to, are proved by tn
figures OF the results attained durinl
the last fifteen years. In that perioI
S699 45S 255 of premium paying insur
anceh ave been added TO the Company
total insurance in force and the surplu
for pOlicy-holders' account during th
same period has been increased b.
S3S110 .535.7S;- anu OF this amour
S34 9S4 .279.99 have been added durin
the last six years.
SO perfect IS the system OF life in
surance as conducted by this Com
pany. that II no farther additions wer
made to Us present membership Tn
Mutual Life Insurance Company {
New York would still continue to tn
end TO be the solvent and faithfl
guardian and protector Of the multi
lAAN1 MNN1N MNAAtAAN has hNNA NNAAAAAAA
ted to its care, and out OF it's accumI
lated assets and annual income
would be fully as able TO pay the clai
az it's last surviving member as IL WI
TO meet the nrst claim that Occurrs
in 1874
The operations OF the Compar
have always been conducted upon
large scale. and vast fortunes ha'
been committed to it's care by indlvi
nails For instance: Ii received Il