The independent., 1903-10-15
l,w John Samuels Paid a 5000
Mortgage.

NlOTtxdxC.
John Samuels lives in Brown coun-
ty, Kansas. He is a farmer thirty-five
years of age. He came to Kansas from
the East in 81, bringing young wife,
two children, and some money. The
money he invested in 160 acres OF land.
He paid good price six thousand dol
lars, two thousand down and a mort
gage back for four thousand. But it
was a well-improyed farm and
worth it,
There have been fat and lean years
in Kansas, and in 1902 John Samuels
still owed three thousand dollars Oh
his place. He had reduced the debt
one thousand dollars, an average OF
one hundred dollars per year, and kept
the interest paid up. His expenses In 8
creased with the growth of his family
His wifes health was not SO good OF
late, and he paid an occasional doc
tors bill. Some Improvements and
extensions must be made on the farm
buildings. He would be fortunate II
he could make these additional neces-
sary expenditures, keep his interest
paid up and continue applying one
hundred dollars per year on the mort
gage.
He realized at this rate he will be a
very old man before the farm will be
free from debt. II he dies the home
will be sold; perhaps at a time when
it may bring little, If any, more than
the mortgage. The savings OF a life
time will be lost and the wife and chill
dren will suffer. g.'T N Ess
One day a stranger appeared and
asked permissN ON to. explain Life in-s
surance. Mr.. Samuels listened intent
iy, conceded it was just what he need
ed, that he would like policy, II he
could pay for it, but he owed three
thousand dollars on his farm, and sil
was all he could do1to pay the interest
principal AS the premium on pol-
icy at his age would be $102.60, he did
not see how he could carry ii. .ss sfes Z
Suppose" said the agent, the per-
son who holds this mortgage on the
farm should say to you: If you con-
tinue to pay the interest as before, but
instead of paying one hundred dollars
year on the principal, pay me S102,6Q
per year, l will, If you die, cancel the
mortgage, giving your wife the farm.
II you live twenty years, / will release
the mortgage, giving the farm to you
You surely would accept such a propo-
sition. = Now. Mr. Samuels, continue
paying the interest, but instead OF
paying one hundred dollars per year
on the principal, take three thou
sand dollar policy In the Old Line
Bankers Life Insurance Company OF
Nebraska, which at your age, thirty
five. will cost $102.60 each year foI
twenty years. If you die, your life in
surance will pay the loan and leave
your home free of debt. If you live
twenty years, your cash settlement
consisting of the guaranteed reserve
and estimated surplus will pay the
mortgage and leave you $210.45. You
have paid out $2,05200, and have left
$210. As, thus paying debt of three
thousand dollars with $1,S41.55, OF
sixty-two cents on the dollar, having
meanwhile guarantee that, shoult
you die, the debt is Cancelled"
For more than century, farms and
homes have been paid for in this man
ner, by policies in Old Line Insurance
Companies. Permit our agent to ex
plain the details more fully. II yot
want more land ask for Circular No.
How Jones Bought and Paid for .
$4,000 Farm" If you are renter, ol
Just starting in business, or working
for a salary, ask for Circular No. 3
showing how, without security On YOU
part, you may buy bond on tEent,
years time, guaranteeing to your fam
lily home, if you die, and to your
self home If you live.
For further information address th'
OLD LINE BANKERS LIFE INSUR
ANCE COMPANY Of Lincoln, Ne
braska.