Waterbury Democrat., 1901-02-22
COLONEL GREERE,s REPORT.


 The fifty fifth annual report of the Connecticut Mutual Life insurance company is well worthy of careful study and consideration by all our readers. The members of the com pany and all those who are in any way connected with it will nos need to be told that the record of the past year has been creditable ana its business profitable because they are thoroughly conversant with the conservative. far seeing and enlightened policy of the company, which they know to be guarantee of successful life insurance business, and are therefore in that comfortable frame of mind that comes from perfect confidence in a sound and reliable business institution. They have studied the methods of the com- pany, naturally, before going into it, and have satisfied themselves as to the soundness of its claims for recognition. They know that record of fifty-ivc years of constantly increasing business, covering a period in which life insur- ance has had remarkable development and in which all sorts of bubbles have been blown and burst, their rosy hues dissolving in air and leaving only shat tered hopes behind, means the steady application of right principles which is bound to bring out an annual state ment of receipts, disbursements, assets and liabilities that will produce smiles on the faces of the members and off, cers of the company, those who hold it's policies and those who direct its policy.
 It is, rather, those who are yet out
 
 large and growing family, which num- bers, we believe, not far from 10000, that will find the most news i'll the re- port and statement to which we have referred, and to them especially do we commend them. They will see that this old and widely known company had on the 31st day of December, 1900, the last day of the nineteenth century, net assets of $62 BAG, ,O22. %, consisting of loans upon real estate, bonds, bank and railroad stocks, real estate, cash in banks, etc, and that it's total liabilities are enough less that sum 70 give a sur plus of over seven millions of dollars. They will see, too, and this is very important feature of life insurance business as it is conducted nowadays, that the ratio of expenses of manage ment to receipts in She pas. ear was only 12.56 per cent, proving that the management is econOm1caf and not reckless. But further than that, they will be interested, we believe, to learn that the company has, in its fifty-fve years of existence, received from its members for ordinary, extra and an nuity premiums $211 ,642, ,O69.SS, and has returned to them for death losses, endowments, annuities, surrendered policies and dividends $2O7, ,79S, ,111.S1, or 9S.22 per cent. As Colonel Greene says, the record of the Connecticut Mutual for over half a century has not been equalled. ;,
 Colonel Greene's annual reports are always worth reading, but as he takes occasion to mark the opening of q new century by review of the life insur- ance business of the last half of the old, his report is this year of especial interest and value. It will be seen that he brings out with remarkable force and clearness the strong points of his policy, the difference between insur- ance for its own sake and those specu- latiye schemes which have been tried by many companies and which always appeal more or less strongly to human nature, until, like burned children, men dread the fire and refuse to be singed second time. Gift enterprises may flourish for time, but they inevitably result ill disaster. Some companies may get, a large amount of new busi- ness by taking it below cost, but in the end the evening up process comes. Plunging and racing may go for time but they do not win the conf dence of the public in the long run. We congratulate Colonel Greene upon the unqualified success which has attend ed his management of the Connectt- cut Mutual and we can cheerfully rec ommend this splendid Hartford insti- tuition to the general public as one to do business with which is always a pleasure: whose stability, integrity and