Bismarck daily tribune. [volume] (Bismarck, Dakota [N.D.]) 1881-1916, 1903-01-14
NORTHWESTERN VS.. NEW YORK
LIFE.
Another Chapter.

NttVNttS |
sav or two ago the special agent
If The New York Life embellisl,eG a
quarter page of advertising space WIN
q comnarison of actual settlements in
1901 on policies Of h e YORK Lie
and Northwestern Mutual Life insur.
ance company of Milwaukee. n OF
which settlements credited to the New
York Life was on policy OF ALBION W.
Baker.
For fear anybody should regard
these examples with any
a few remarks may be necessary as
showing the length the New YORK
Life will go for examples. especially
with reference to the policy OF A. w.
Raker upon which Mr.. Edick relies
| to establish the superiority of the New
York Life as compared with the North
western.
In June. 1901. the Northwestern Of
fered to forfeit to DR.. Emil Fret OF
Brooklyn. $500. if he could find the
record of any New York Life policy
that had paid as large a dividend as a
Northwestern policy issued in the
same year. on the same plan. at the
same age. and compared for like
amounts.
He was given a free held to select
n dividend from the 81 900 policies
of the New York Life, and he was en-
ergetically assisted in the almost hope
less search by the we'll organized null
titude of New York Life solicitors and
workers. For owe a month he was
unable, in spite of continued efforts to
get any representative of the New
York Life to bring forth a record; but
wonders will never cease, and at
length in August, 19O1-the needle in
tho haystack was found in the person
Of Albion w. Baker-the same indi-
vidual who now looms up as a bright
and shining example of New York Life
superiority.
But as it happens the Baker policy
is one of those peculiar proofs that
fails to prove what they are intended
to prove.
Brother Edick-good, supplemented
fellow that he is-neglected to state
tho amount of premium paid in each
case. and consequently he does not
show the fact that the Northwestern
is actually a better Standardization
goes to show that the New York Life
is maintaining its reputation as the
"artful dodgers of the life insurance
world.
But let us consider that prize divi-
dend a little more. Is it a fair ex-
ample of New York Life dividends?
Is it an honest example? Hundreds
Of New York Life settlements on all
ages and plans had been seen, but
never before one whose dividends
were not beaten by similar Northwest
ern policies by from 6S per cent to 100
per cent. Immediately. therefore. a
vigorous search was begun to find a
reason for the sudden improvement in
New York Life dividends. The most
searching proof has failed to give q
legitimate reason. We can only con
lecture.
The New York Life officials estimate
books give the dividend books for sucf
a policy s1.41O. Bakers dividend /.
; 81 ,747. SOP per cent higher. TheiI
estimate books for 1894 to 1901 al
give $1.410. Why this increase il
1901? Perhaps they will tell you thei
estimate books are incorrect: bu
their book results on all other form
that we can find have been within s
per s 1000 of actual settlements. Ma
turally there is but one conclusion
and that is that the result has bee
made to fit the case regardless of tn
dividends paid other policy-holders-
regardless of the dividend earning
of the company.
Such tactics are peculiar to the Ne
York Life. Read the following e!
tract from american Investments"
financial journal published at Buffalo
New York, which applies in the case
{ Suppose a man should call at yo,
house and show you the finest turn
your blooming eyes ever saw. an
from the character of the sample. Sc
!. you a wagon load. which. upon caref'
= scrutiny you found to be measley nu
bins. what would you think of hin
n You would probably call him a che
v and a fraud and very properly to
Well. now, suppose a life insuran'
: company that has been making settl
n ments of it's tontine policies so rocl
% and disappointing that II has beech
" a public scandal. should single out
fifteen year tOntiners and increase S,
Elements upon them not justified
the actual results of that class
policies. simply for exhibition purpos
only, what would you think of such
transaction and company? Just t
~ same as the turnip man. One of t
Nc New York Life insurance race
thinks it is very smart playing tt
ce old trick"
nd The actual settlements exploit
III by the New York Life were on Is ye
tontiners.
a. Further comment unnecessary.
The New York Life plumes itself
its conspicuous honesty with its pol
holders all over the world. w
then. when it was re-admitted il
M Prussia had it first to agree to ISIS
annual dividend policies: and why
the name of common honesty does
practically refuse to issue them in t
country. if it wants to take it's poll
of holders into its confidence Obviou
because it is afraid to show up it's d
dends each wear.
+on protbor Edipk nrOc1aimS to