The daily morning journal and courier., 1901-02-23
COL. GREENE'S REPORT.

l
 COL. GREENE'S REPORT.
 The Fifty-fifth Annual of the Connec
 ticut Mutual Life.
 The ffty-fifth annual report of th Connecticut Mutual Life Insuranc
 company, which is presented on page
 of this paper, and the detailed state
 ment of the company which is to b,
 found upon page H. are well worthy
 of careful study and considera ton by
 all our readers. The members of tn, company and all those who are in any
 way connected with it, will not need tt be told that the record of the past year has been creditable and it's business Iprofitable, because they are thoroughly lconversant with the conservative, far Iseeing and enlightened policy of the Icompany, which they know to be 6 guarantee of successful life insurance
 business, and are therefore in that com fortable frame of mind that comes from perfect confidence in a sound and relia-
 ble business institution. They have
 studied the methods of the company
 naturally, before going into it, and have satisfied themselves as to the soundness of it's claims for recognition. They
 know that record of fifty-five years of constantly increasing business, cover l ing a period in which life insurance has had remarkab ble development and in which all sorts of bubbles have been blown and burst, their rosy hues dis | solving in air and leaving only shat | tered hopes behind, means the steady application of right principles which is bound to bring out an annual statement of receipts, disbursements, assets and liabilities that will produce smiles on the faces of the members and officers of the company, those who hold it's poli- ces and those who direct it's policy It is rather, those who are yet out side the limits of Colonel Greene's large and growing family, which numbers we believe, not far from 10000, that will find the most news in the report 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, $40, ,022.29. 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 than that sum to give surplus 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 mana cement to receipts in the past year was only 12.56 per cent, proving that the management is eco- nomical and not reckless. But further than that, they will be interested, we believe, to learn that the company has, in it's fifty-fve years of existence, re- ceived from it's members for ordinary, extra and annuity premiums $211, ,642,- 069SS, and has returned to them for death losses, endowments annuities, policies and dividends $207, ,79s, ,111s1, or 9s22 per cent As Colonel Greene says, the record of the Connecticut Mutual for over half cen- tury has not been equalled.
 Colonel Greene's annual reports are always worth reading, but, as he takes occasion to mark the opening of a new century by review of the life insur- ance business of the last half of the old, his report is this year of especial inter- est and value It will be seen that he brings out with remarkable force and cearness the strong points of his policy, i the difference between insurance for it's own sake and those speculative schemes which have been tried by many compa- nies and which always appeal more or less strongly to human nature, until, | ike burned children, men dread the fire ! and refuse to be sinsed second time. [ 1ift enterprises may flourish for time, | put they inevitably result in disaster. ! Some companies may get a large | amount of new business by taking it below cost but in the end the evening ID process comes. Plunging and racing 1 nay go for time, but they do not win he confidence of the public in the long 'un We congratulate Colonel Greene lpon the unqualified success which has f attended his management of the Con- lecticut Mutual, and we can cheerfully this splendid Hartford insti- ution to the general public as one to 10 business with which is always a pleasure; whose stability integrity and progress are unquestioned.