The Press. (Stafford Springs, Conn.) 1883-1935, 1903-02-05
THE CONNECTICUT MUTUAL.

We publish this week the annual
Insurance Company, with It's big figures,
and the interesting and suggestive report
of Colonel Green, the company's presi-
dent.
Everybody knows and recogniz es the
strength of the Connecticut Mutual. 1t
has assets of about $66 100000 and its
surplus, which In 1881 was $3,351 ,155, Is
to-day by Its own standard $6,379, 992,
while by the standard set up by the state
it exceeds $9. 600, 900. The criticism that
the company gets Is not as to Its financial
condition but In respect of the policy of
its management In the field of life insur-
ance.
This subject Colonel Greene takes up
this year, not bit on the defensive, but
as reason for confidence in his company.
He points out that for years past the line
of delnarkation between the Connecticut
Mutual and the so-called "racers" has
been growing more and more evident, and
he goes on to show their differences and
wherein mutual life insurance with its
certainties Is safer and wiser than the lot
teries and experiments which are held
out elsewhere to those who go In not for
insurance but for what Is really a gamble.
He shows clearly how the mutual Is the
plan that benefits all concerned, and the
tontine and other schemes are not for the
many but for the few. The very argu-
ment made for them Is that only about
one-third hold out to the end and that
third get what in the original design of
life insurance would have been divided
among all. The many lose and the few
gain and tie chances, therefore, are that
whoever goes In will lose. Not merely
/ the 10000 persons insured In the Con-
necticut Mutual, but all insured anywhere
and all interested In business morality
will find this report what used to be called
"mighty interestin' readin'.''
Colonel Greene makes his appeal to
those who want life insurance, and who
want it as sure and as cheap as 1t can be
| had. He does not offer speculation and
he wants his company counted out Of that
business. The Connecticut Mutual is for
the conservative element In society who
want to know just what they may expect
and TO be sure of getting that in due time
AS result of this policy the company
has not kept pace In growth" with some
others, but 1t proceeds steadily and con-
servatively, and those interested In 1t
know always where to find 1t.
1t was back in 1882 that President
Greene, foreseeing the reduction Of the
rate of interest that has since come about,
changed his calculations from a 4 per
cent. assumption to 8 per cent. His
Conservatism" at that time was freely
criticised, but to-day companies all over
the country are taking pains to announce
that they have adopted the same stand
ard, which Is a noteworthy recognition of
his foresight. The report briefly revives
the course and condition of the company
for the past year, and incidentally brings
out the interesting and astonishing fact
that in its fifty seven years the Connecti-
cut Mutual has taken from It's policyhold-
ers $222, O22, 8O5 and has paid back to
them 1920, ,472, $40, and yet has on hand
| $65, ga, ,637. This is the miracle of in
terest and in itself the complete demon
stration of not only the wisdom but the
duty of life insurance.