The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1900-03-08

GEAR mas oesn the bargain ~
one great company has in fha -,
teen years ahout doubled its sx,aa aS =
ito and halved its returns OF ssr v.sss q
its members on the older and nn ,ss. |
IauVe plans BUT Il Is keeping IN h Il
race Tor magnitude so far. "a U
The Chances of Reform
But now one Of the greatest Of n. -
announces that its directors hsve aeaesa
that its officers have been rsav, eesS1ast
much; that the business has been ss,le.sa
that, however much they may wr;..
u ms ~. way, they lose nearly as much, ~
ness faster than the old drops ~, y. /
that after all Il Is only the hilsirss.s ~
stays that Is worth having. aithousk ~. ~ I
y one ot the companies that depenss !.
the leavings OF those who 20 cs,f - Y
speculation fund Of those who az. -
Hnt those leavings have been larseiy ~ |
up ny the expense necessary to -, - |
business ,. enough to keen ahead /, does $
this more prudent view OF the stenst
Whatever mas been or whatever nav &
done about the expenses. other Sse.s'
things have shown pretty conclusive
that the company has. al present ~ 80
10 be eclipsed In size What rne,hs ~
competition, except that OF high ~,
agents, VIII be adopted TO prevent $50
behind remains 10 he seen. II is nn~S
Vouily 70 be wished that its mansse,.s~
may rise 10 all the practical courass )
its new convictions
Meantime IL is significant tina, ,hs ,,ss
50 steadily commended for by the coansssf
cut Mutual is thus at last cnnfessss Il
one OF its severest and longtime critIrs
Another Possible Reform.
That same company Is also reu5s-,,.
tribute 10 the principle Of life lnssrses
FOR the use Of the family rather tkar a.
scheme for the personal profit or conrsss
ience OF the policy holder II Mas -
nounced its recognition OF the fact ~
the policy holder can't use up his ns1s,s
without his family losing a.
To the attraction OF a policy which I'M
the man into personal speculation n ~
losses OF others (and OF others A 4.
losses), the racers are adding the azrss.
ment TO loan him all or even mora IN,
the reserve on his policy; a feature wass
consistently completes the purely parssrs'
and speculative view by which they s,s-
men by self-interest rather than BY isass,
them TO plain but unsclfsh duty. No aaus
II Is agreeable to many men TO think .hsy
can borrow at wifi for their owu ras
venience and put up their policy A ~
lateral. There must he few who Ia eas
blood. would do II II they could reaAs
IN fore vision put themselves In the pss
OF the widow coming with her depends.
flock, with hope IN her heart Tor them 4
realize the promise in her policy, ana M
expectedly receiving in its fulilmsn, "a
a fraction OF that which viii cioths ~
feed. and for the rest the Cancelled new
which has served the personal conveniens,
Of the husband and father Few cfarxn
OF companies can really desire 10 M
such disappointing settlements. VA
hcart-breaking failures OF promised nfasse
ton AZ the saddest crisis ~ stricken INA
Yet few hesitate TO compete for husnsu
by Offering to do It. While II has a
pointed out The Limitations upon this pas
tice, the company referred 10 has en-
phatically declared that Il may be ara
being carried too far.
The tpchansing Facts.
Time IN slowly demonstrating 10 tAax
who would force the growth Of their cen
panies by other theories that the only III
use OF life insurance Is the pfotectioa
the family: that any other use Of /, ca
be had only by the more or less ecnshs
destruction OF It's protective value, that IA
working expenses Of II, even reduced u u
lowest terms by which safe and true net
can De employed In Its promotion. are
much greater than those of any other n
strumentality for the investment and es,s
OF other peoples money that no one a.
loFitimately afford 10 use II or any sf IN
schemes offered in It's name. for peFssaA
pront or convenience. There can ae n
prort in II to one which does not ceu>
from the greater loss OF another: there "a
De no personal convenience which Hoes NJ
cost far more than II is worth or whfs
could not be had at less cost In trotha
way.
1t is slower building. II is harder vas
II IL less snowy on the surface 10 nsrsask
men 20 take life insurance NJ les own sAN
only. as tho only wholly competent nsan
Of doing their unselfish but Imperative ssss
10 their dependent ones, and with an ~
details adjusted TO their most complsss as1
abiding protection. asking for ones MI
ou'y that the cost Of this duty shah b
made as small as possible by pruaesrs =
careful and conscientious as the duty ID 4.
cred. But the work no done enasirss Il
dt-appoints neither those WIN trust 4 nas
those who pay its cost. The r0ad 10 fk<
highest results IL not along the Ines u
least resistance nor IL u much thrensA
with those who applaud But the truth -
mains and returns And genuine eeasts
ton ~ and loyalty 10 sound principle ~
the most enduring basis. and the srsnxsx
binding tie, Of human institutions
The Operation. of Eiuy-four fessA
In the asiy-four years of its work ~
Connecticut Mutual has received
Fer premiums ..,......... saS 50 90 10
fos snt~rrzt s.......,..... as1 NJ Is
f0r fvufs 4..... ........,... : " 5ff "a
balance proa, aud lose. iirNs
Total rseeip,s .,........,........ ssnwms
It has pald death ciairns Ter tlai is2ss Is
hudowmests and EnnHi- sssL
Fot surrendered pahe.es Ssssi u FL.
For dividends ,.-.4s..+..- @,gt9,S3a t7Ifl
total rwturn 70 rssliep- tlfFf|
holders cf lheif henesci- tf
aries tcing n y Per rent. Ei
= The eTtir, psr'ntUaas r.. III
rriFed .......--....-.. tgi rs IN n fffiE
o. rss faid fnr cspsslsc. T. y ~ ~ . @h
tAtea .-.,--..+...rti.-.-.. is.eN.Es
Total Expenditures .-.......,,....-... trs - =
Hsisnce net asss,a Jan l. 1910 ; as-.s
Il has staiionai asssss tssr stateturth I&&e
fefsl Asset. f@Wss6
Almost Is por cent ~ the prem ~
paid by policy holders have asen -
over % their heuensiafles On resarrss .
what "a held Tor tho proisethfn !
present policy holders AZ net ar tesx1
passis Saying nothing ~ tbs - g 80
ti9nal aAeetaj aggregates flsi x = =.
~ ~ per cent % the tgtal iFcnii1ns =
ceive3
These results have Been aeapTrps 49,
at ah average expense rate ~ eay "
.eF cent.
30 To- AN unmatched record sni tse 80 Y
nectieut Mgtual - o. Thoroughly pFssazzsss
for fhe good Nerk 81 the fat gfs a. : -
at any time been fqr thar ~ "a snHl~f
81 past itespec tfuiiy Snbrtiftea.
JACOB 4. GREENE. fress1sA~
Hartford. February -, 1870
t-f-tt-hff+ftfaf minimizing
! UASAON Burton Burton |.