Waterbury Democrat., 1903-02-03
THE CONNECTICUT MUTUAL.

We publish this morning the annual statement of the Connecticut Mutual Life Insurance company, with it's big figures, and the interesting and sug- gestfve report of Colonel Greene, the company's president, says the Hartford Courant.
 Everybody knows and recognizes the strength of the Connecticut Mutual. It has assets of about $66 100000 and it's surplus, which in 1881 was S3,351 ,155, is to-day by it's own standard S6,3T9,- 992, while by the standard set up by the state it exceeds &9,0O0 ,O0O. The criticism that the company gets is not as to its financial condition. put in re- Spect of the policy of it's management in the field of life insurance.
 This subject Colonel Greene takes up this year, not bit on the defensive, but as a reason for confidence in his company. He points out that for years past the line of demarkation between the Connecticut Mutual and the so- called racers'' has been growing more and more evident, and he goes cn to show their difference and wherein mutual life insurance with it's certain ties is safer and wiser than the lotter- ies and experiments which are held out
 
 insurance but for what is really gamble. He shows clearly how the mutual is the plan that benefits all con- cerned and the tontine and other schemes are not for the many but for the few. The very argument 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 ben divided among all. The many lose and the few gain and the chances, therefore are that who ever goes in will lose, Not merely the 70,000 persons insured in the Connecti- cut Mutual, but all insured anywhere and all interested in business morality will find this report what used to be called mighty interestin' readin'''
 Colonel Grene makes his appeal to those who want life insurance and who want it as sure and as cheap as it can be had. He does not offer specula- tion 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 get ting that in due time. As a result of this policy the company has not kept pace in growth with some others but it proceeds steadily and conservatively and those interested in it know always where to find it.
 It was back in 1882 that President Creme, foreseeing the reduction of the rate of interest that has since come about changed his calculations from q 4 per cent assumption to a 3 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 standard, which is a noteworthy recognition of his foresight The report briefly reviews the course and condi- ton of the company for the past year, and incidentally brings out the inter- esting and astonishing fact that in it's ifty-seven years the Connecticut Mu- tual has taken from its policyholders 222,O22,SO5 and has paid back to them $22O, O,472.549, and yet has on hand $65,- 644, ,6S7 This is the miracle of inter- est and in itself the complete demon stration of not only the wisdom but the duty Of life insurance.