davidaulloa/AmericanStories huggingface dataset:
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1902-02-06
WASN'T CURED
Didn't Get wen OF Anything.

IT spent three weeks with a friend in
Dayton last winter. She was using Postum
one exclusively as a beverage at meals.
/ said: I thought you were SO fond Of cof-
fee that you could not be induced to give
II up Well. my friend said. we got to
liking this Postum Coffee. for ii serves as
food as well as a beverage. and we have
all felt so much better since leaving of
the old coffee
Il learned 10 mak the Postum and made
II fine. so when 1 went home I began to
serve II TO my husband instead OF the old
fashioned coffee. and told him I had been
trying a new kind. He says: Z think IL
Is most excellent Is Il Mocha or Java or
a mixtureT 1 told him that Il was the
famous Postum We had read so much
about. and he most jumped from his chair
In surprise. but the change has become a
fixture. and he Will never give up Postum
and 90 back 10 teh OlC-fashioned coffee. for
We not only like II better but we feel so
much better IN every way This lady's
name given By Postum Co. Battle Creek.
Mich. =
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1902-02-06
THE oLEOMARGARINE BILL.


WASHINGTON. Feb. 5.-An agreement
was reached in the House to-day wherein
the oleomargarine bill will be brought to
a vote after two more days of considera-
ton, one TO be devoted TO general debate
and one to debate under the five-minute
rule. The debate to-day continued in des-
ultory fashion without special incident,
the speakers being Messrs Kluttz, Of
North Carolina; McCleary and Eddy. of
Minnesota, and Crowley, of Illinois. for
and Messrs Allen, Of Pennsylvania; Scott,
of Kansas; Moon, of Tennessee, and Bou-
telle, of Illinois. against the bill. To-mor-
row the bill will be laid aside TO permit
action on the executive and judicial APP
preparation bills.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1902-02-06
Census Statistics.

WASHINGTON. Feb. 5.-The Census Bu-
reau has issued an advance bulletin on the
manufacture of ol-eomargarine in the United
States. 1t shows that the number Of estab-
lishments increased from twelve to twenty
four between 1890 and 1900. with a total
capital of $3,O23. $40. an increase of SIC per
cent. OleOmargarine manufactured as a
by-product by slaughtering and meat pack
ing establishments is not included in these
statistics.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1902-02-06
Part of the story Untrue.

LONDON, Feb. 5.-The Associated Press
has the highest official authority for deny
ing the story printed by the Kreuz lei
tung. OK Berlin, to-day, as to the part TAX
en- by Lord Fauncefote, the British ambas-
sador at Washington, in the Spanish-Amer-
lean war Intervention. in spite of the con-
frmation of the story by the German For
eign Office.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1902-02-06
Military Prisoners Escnpe.

SAN FRANCISCO. Feb. 5.-Ten OF the
military prisoners min in the stockade
in one OF the camps at the Preside es-
capped last night and nave not been traced.
Their exit from the Enclosure i'm which
they were confined was made by a tunnel
through the ground which they had secretly
constructed
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1902-02-06
Funeral Of Col. A. A. Hosmer.

WASHINGTON, Feb. 5.-The remains of
Col. Addison A. Hosmer, who died recently.
were buried at Arlington to-day with mil
itary Eonors. Funeral services were con-
ducfed az the New Y~ork-avenue Presby-
terrain Church. Rev. DR.. Wallace Radcliffe
nfficinfing.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1902-02-06
VEsTMENTs.

For the seven years prior to 1901 fore
closures of mortgages were in considerable
excess of sales. During the last year, how
ever, the situation has changed; we took in
properties costing US $217, S14.S5, and sold
properties that had cost $S6S, 1926. Some
of these sold at a profit and some at less
than origfal cost. Many or the properties
sold were among our older holdings In lO-
calities where changes Of business centers
had permanently deprecated values. We
still have some properties in Ike situation,
which will probably sell for something less
than cost, and it is our purpose TO dispose
of them as it can be done without I'M
necessary loss, and so improve income and
reduce expense. Upon the greater body Of
our holdings, however, we may reasonably
expect some gain in a fair market. We
have made n good deal of money on the
whole Oh foreclosed real estate.
The large addition to the Home Office
building referred to in our last report is
nearing completion, and is being followed
by changes in and additions to the old
which will bring the two geously
together, with a good prospect OF a salts
factory financial result.
The interest rate on desirable loans and
securities has tended to a still further de-
cline, with a growing scarcity of salts
factory investments for funds in the nature
of a trust. We have considerably reduced
loans on real estate and increased our
holding of first-class railway securities.
The balance or net profit of the year upon
changes in securities and sale Of real estate
was $SS, 603.75.
The market value of our securities has
increased considerably during the year; and
they are of q character to be least unfa-
vorably affected by market fluctuations.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1902-02-06

to hold Europe in check TO the advantage
of the United States. AS is seen from the
foregoing. they did nothing of the kind"
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1902-02-06
PRESENT COMPETITION.

Obviously one cannot afford to employ a
life insurance company, with its necessarily
high expense rate, TO act as his savings
bank nor to regard it's policies, however
phrased, as real investment bonds, nor to
nave his life insurance, on which his family
depends. exposed to the constant menace of
the wholesale withdrawal by others of the
necessary reserves as If they were really
mere deposits in bank.
Yet it is precisely along these lines that
business is most sought to-day. and the
companies seeking 1t most eagerly are those
that have the heaviest expense rate, and
the business is secured I'm part at least
through Misrepresentation. The expense is
concealed from the policy holder for the
present by p~ostponing dividends for long
periods Of years, with the expectation also
that meantime many forfeitures will occur
for the benefit of those who outstay the
period; the 20 per cent. bond" sells through
concealment of it's real cost and OF the fact
that for the same money one pays for q
10000 bond" he could have instead Si3.O 600
cash down; and the companies turn them
selves practically into savings banks, trust
ing luck that the run may never come
which would destroy them as insurance
companies.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1902-02-06
HISTORY OF OUR SURPLUS.

We only wish to call the attention OF
those in any manner interested 10 a few
pertinent facts:
For many years this company has been
governed by the idea that. while surplus
should be quite closely divided each year
so as 10 make a mans payments as small
as possible, yet. as IL Is impossible that an
absolutely complete division can be made.
and as a gradual II small annual reduction
in paymen tends TO the persistence OF the
business. IL is desirable in unusually good
years 10 accumulate such margins Of sur
plus as may be earned over aud above or
binary surplus-earning capacity, TO be used
in maintaining the dividend rate in the
years when the margins may fall below. IL
greatly helps the premium-payer. and. the
proper adjustment by post-mortem dividend
being made. IL works no i~neduity 10 any
one.
During the decade 1S10-N the company
had occasion TO trench very largely on
accumulated surplus in this manner. In
1881 it's surplus was 1881, l55. which was
6.U per cent. of It's assets. The conditions
being untoward, IL WAS decided 10 reduce
the dividend scale 10 the APPARENT actual
earning capacity. From this point we be-
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1902-02-06

The Connecticut Mutual has returned 70
it's policy holders and their benehciaries
9S.S6 per cent. OF all it has received from
them; what it has returned and the assets
it still holds for the security OF it's con-
tracts are 12S.9S per cent. Of what IL has
received for them; and its expenses OF man.
agement for all that time have been but
9.13 per cent. of its total income.
1t is the simple fact that no American
company matches this record. And 1t is this
record of the past, the present maintenance
Of the conditions which made IL possible.
and a financial condition OF unusual sound
ness and strength. that we offer as The 49,
possible guarantees Of the futgSe.
Respectfully submitted,
JACOB L. GREENE,
President
January q, 1902.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1902-02-06
FlFTY-SIXTH ANNUAL REPORT
OF THE
CONNECTICUT
MUTUAL LIFE INSURANCE
COMPANY.
To The Members:

To The Members:
One more has been added 10 the many
years in which by the diligent exercise Of
ca~refulness, prudence and economy your
company has, in the fullness Of strength
and in a degree equaled by none other,
been realizing for it's great membership
the perfect intention n the ideal results
of life Insurance.; absolutely reliable pro-
lection to the benefciaries needing it, at its
actual and lowest annual cost to the per-
son paying for it, with complete equity be-
tween the members; and, what is Of equal
moment. it has steadfastly maintained
those principles of administration which are
essential to enduring success; those condi-
lions of vigorous vitality determined by the
selection OF sound lives in healthy locali-
ties, low cost of business, the conservative
extent and character of contract undertake
ings, with their prope financial basis and
protection, which will still enable 1t as the
years go by to fulfill TO the letter. at least
cost, and to the highest hope and trust OF
the dependent family, the one specific serv-
ice which life insurance, alone among hui
man institutions, can render.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1902-02-06
SURPLUS AND DIVIDENDS.

AS the cost Of a mans policy in a mu-
tual insurance company is the difference
between the premiums charged and the
amount returned to him by way of a divi-
dend. the surplus earned and the surplus
divided become very important factors in
his experience with his company. Surplus
can be earned legitimately in only three
ways: !, by smaller expenses than the pre-
minimum provides for; 2. by a less mortality
than is provided for; 3, by a higher rate
of interest than is assumed as probable in
computing premiums and reserves.
For many years the competition has had
a bad effect upon the expense account Of
most companies; it has also led to a good
deal Of apparently doubtful experimental
ton in the selection of risks and I'm dealing
with hazards; and the steady decline in the
very important item of possible surplus.
The matter is Of somewhat special In
terest TO US at this time because the dis
agreeable task of cutting dividends has
been in recent years and Is still being quite
largely performed by some companies; and
any reference 10 their reduced dividends In
comparison with the increasing scale main
tanned by The Connecticut Mutual for now
twenty-one years, is met by the assertion
that this company, too, must presently cut
down it's returns; that the rate of interest
is going down, and that it's surplus is al
ready diminishing.
We nave never undertaken TO prophesy.
We do not try TO PREJUDICE events. We pre-
fer TO meet them. and our duty to you un-
der them, without pressure OF prejudice
from wrong preconceptions, or from having
put ourselves in a false position. When we
can no longer earn the surplus we are di-
Viding and can no longer safely trench
upon the large existing surplus, kept up for
the purpose, to maintain the present rate
of dividend. we shall not hesitate TO say so
and act as the facts may require.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1902-02-06
LESSON OF EXPERIENCE.

And yet one OF the most striking features
OF the experience OF the companies com
peting by these methods for great growth
for twenty-five years and more is the fact
that, Notwithstanding the enormous lapses
and f~orfeitures which have occurred and
upon which they have depended for un-
usual profits To those who outlived and out
STAYED the deferred dividend period. the
expense mss been so great that the actual
dividends have not even sp~proximated the
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1902-02-06
EXPENSES OF MANAGEMENT.

The same careful economy has been exer-
cised as in all the past. For the last two
or three years the expenses incident to the
care and repairs upon foreclosed real es-
tate, which have been charged TO expense
account rather than to the property &C
count, have carried our expense ratio tenn
porarily higher than our usual standard.
This difference will disappear as the prop
erty which has caused 1T is disposed of. The
ratio for 1901 was less than that for 1900.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1902-02-06
THE LIMITATIONS OF LIFE INsuRr
ANCE.

In dealing with life insurance as one Of
the most useful and influential factors
in the development of our socio-economic
life. it is of the highest Importance not
only to recognize at its fullest use and
value it's true aim and single function, but
also to recognize the limitations of that
function by reason both of the singleneSs
of the aim itself, and by certain incidents
inseparable from the conduct of the bust
ness as a business; which incidents sum
up their effect in an expense of manage
ment necessarily higher than that or any
other class of institutions used for the
care and investment Of money.
Unfortunately the business is and APP
parently can be, done only by solicitation.
which is costly; and it demands the en-
ployment of large office and medical STATS
and field organizations.
While, then, the service life insurance
renders is unique, its cost, even when kept
rigidly down to the minimum, is unique
as compared with that of savings banks
or the investment of money in the ordinary
safe ways.
But because a mans duty to protect
his family is imperative, and because he
cannot otherwise rightfully and fully dis
charge 1t, he Is justified in incurring that
expense for that purpose. But he is not
justified In mourning that expense by US
ing the company to do some other and diff
ferent thing which can be done by some
other fundamentally at far less expense.
Moreover, a life insurance company can
not undertake the obligations and opera
tions peculiar to other institutions without
using methods and subjecting its business
to contingencies which contravene and i'm
peril the very structure imposed upon life
insurance by its own particular purpose.
When a life insurance company, in order
to attract business, undertakes to treat it's
reserves. created and held for the ultimate
payment of all its insurance contracts. as
if they were deposits in q savings bank.
subject to withdrawal at the will OF the de-
position, and so TO be. looked upon by him,
as an investment; or makes it's policies
seem to be a bond" comparable in cost
and outcome with q real bond investment.
it not only exposes its whole insurance
business TO the sudden paying out of the
reserves necessary to its integrity. but If
it regards the premiums as deposits or
as "installment payments" for the pur-
chase of bonds" it has to charge these
deposits or installmsntS with not only their
annual contribution TO death losses. but
with commissions to agents and other ex-
penses which take out OF them every year a
large percentage on each 500 deposited or
paid in, varying according to the compa-
ny's economy or want of 1t. And this stands
IN contrast with deposits in savings banks
without any commissions at all and but
slight comparative cost of management,
and with real investments In, mortgages.
bonds, or good stocks, with no expense at
all
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1902-02-06
DRAINING A PURSE

is not oursource OF v
hood-we believe In Civ
ing honest work, honest
materials, for honest
money. II there is a sim
gle hing wrong with
your plumbing-no mat
ter how little, no matter
how big-we'n be glad TO
attend 20 IL: attend To 10
promptly, attend 10 10
properly, attend 10 IL az
reasonable expense.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1902-02-06
THE OPERATIONS OF THE YEAR.
MORTALITY.

Owing to the age of the company and the
remarkably small proportion of lapses and
surrenders and the consequent persistence
Of it's business, it's risks have come to have
a greater average age than those Of any
other company; it has also proportionately
larger resources in the reserves held on
the amount at risk. Although from the
greater average age the mortality is neces-
Sarily large, il is far less than was expected
and has been provided for by these greater
resources, a corresponding part OF which
becomes each year a saving from the eX-
pected losses. This saving during the past
year amounted to $685. $40.
The volume Of risks, their excellent char
acter, their steady persistence and the care
with which the new business Is selected to
replace the old, all combine to give a NOR
tally experience very favorable in rate and
very uniform on the average. Throughout
the entire history of the company its losses
nave been less than four-ifths OF those
eXDected.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1902-02-06
THE SECRET OF ITS SUCCESS.

1t is by resoiute adherence to these prin-
ciples and the maintenance Of these neces-
sary conditions, against a competition in
spired by very different views, that The
Connecticut Mutual has come to that es-
tate OF solid strength in its membership,
health and soUndness in it's business, its
condition, and that steady uniformity of
the best results year after year, which
have been and continue to be among the
most marked characteristics of its prosper
Gus and beneficent career.
While others strive for great and rapid
growth, regardless Of the great cost and
enormous waste OF business that goes with
their fierce competition, and would per-
suade the public that all who do not adopt
their aims and follow their methods are
deficient in ambition and energy, your COM
pany holds steady to the purpose of fur
nishing the best that life insurance can do
at it's very least attainable cost.
What better can it do? What other or
different thing ought it to strive for? What
other or different thing can it, or any other
company, undertake with real success?
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1902-02-06
III TRUE AIM.

For consider: Life insurance ~contemplates
and is adjusted to just one end: The i'm
mediate and sufficient protection of those
dependent ones who are either not at all or
insufficiently provided for in case their
dies, and for whom he can
make no other provision az once, and can
make no other at all except by the long
process of yearly savings slowly accumu-
lated in savings banks or by investment in
safe securities bearing interest at a mod
crate rate, all subject to interruption and
delay by unfortunate contingencies, and to
be brought to an end at any moment by his
death.
Life insurance changes all this: 1t, and L
alone among human schemes. can provide
at once, in case of death, the fund which
could rave been accumulated only in a long
lifetime. which might never have been
otherwise accumulated at all, which at best
could have grown but slowly, and might
have been stopped at any time.
This is the one thing life insurance can
do; this is the one thing which no other
device of man can do. Every other thing
that can be done for men with money, and
with their money, can be done, and best
done, by other financial schemes and the
institutions designed and fitted to their
specific purposes, but this one thing nOne
other can do. Therefore must he on whose
life others depend use 1t for their imme-
date and sufficient protection.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1902-02-06
estimate upon which the business was Sc
cured.
THE SOUND POSITION.


1t is because there is but just the one
thing that life insurance can do that no
other institution can dc. and because at
best its necessary cost is relatively high,
and because any other financial operation
can be better and more cheaply done by
some other institution organized for Its
own specific purpose, and because a life
insurance company cannot do anything that
other institutions specifically undertake eN-
cept at a disprOpOrtiOnate and excessive
cost, and vet more, because any other thing
which other institutions undertake Is, IN
specific AIM, method, and incident. In con-
fict with and more or less destructive or
the proper aims, methods and results OF
life insurance and its administration il is
because OF these things The Connecticut
Mutual has refused 10 be led aside by the
stress OF competition TO deck out lie IN
Surance In the garb OF something else, mas
adhered 10 the true and particular aim OF
life insurance and its necessary method,
and has thereby accomplished its intended
result of perfect protection at low cost in
an incompatible degree; il is because Of
these things hat il still so bases and frames
and administers its contracts as 10 give
to its benehciaries sure protection at least
cost and at annual cost to the payer OF the
premiums, according to his own proper risk
from whatever cause, protecting him
against fraud by others and the cost OF IL,
and not taking anything from him Oy any
device for the benefit of some one else.
1t is in its business so conceived, SO based
and so administered that your company
has achieved that great strength, steady
prosperity, and that steady and great vol
ume OF operation that have enabled IL TO
serve its members to their unique advan-
tage; and II is in holding to the same sure
conditions and in the full fruition OF their
consequences that ii confidently hopes to
render a future service Of equal ~benedcence
TO dependent families, and of equal value
TO those whose duty 1t is TO protect them.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1902-06-28
g. A. R. ENCAMPMENT.
Resolution Passed Appropriating $11,-
600 for the Purpose.

The House today passed a resolution pro-
viding such legislation as has been recon-
mended by the legislative committee for the
Grand Army of the Republic encampment
in this city next October.
Chairman Babcock of the House commit
tee on the District of Columbia called the
resolution up, and. as it had been read yes
terday, it was agreed to without debate.
The resolution provides, briefly, first, that
lations to preserve public order during the
The sum of Sill 600 is appropriated to carry
out these regulations, $1,000 Of which is
made available for the erection Of public
comfort stations.
The second section authorizes the Com
missioners to issue permits to the illumina-
ton committee to stretch suitable electric
wire conductors, these wires not to be used
after October Is, and to be entirely removed
by October 20.
Section 3 authorizes the Secretary of War
and the Secretary Of the Navy to loan the
decoration committee such ensigns, flags
and signal numbers can be spared by
these departments for decoration purposes
Section authorizes the Secretary of War
to issue permits to the entertainment COM
mittee for the use Of certain streets and
public reservations for the erection of
stands and platforms during the encamp-
ment. The Secretary of War is also author
lied to loan hospital tents and camp ap-
plances to the medical committee for use
in caring for the sick during the encamp-
ment.