The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1904-07-24
MINNESOTA MUTUAL
BREAKING RECORDS
Business of Big Life Insurance
Company of State Con-
tinues to Swell

Made curious by the wonderful re-
ports OF the record made by the Min
nesota Mutual Life Insurance COM
pany during the past six months a rep
resenfauve OF The Clio be visited
the offices of the company YESTERDAY
afternoon to find that the story was but
half told
Although the office force OF the conf
pany has been materially increased
since JAM l the clerks have been work
ing under a forced draught and. taxed
70 their utmost capacity, have been en-
deaVor1ng TO handle the new business
OF the company.
I h G c. To b man found the officers
or the company in a most enthusiastic
mood and we'll they might be, for dun :
ing the past six months the report OF
the company to June so shows that the
new business written during the past
six months is about equal 10 the total
business OF the entire year of 1903
discussing the wonderful increase
one OF the officers of the company
said:
We are now writing so much new
business that our Office force is taxed
TO its utmost capacity and this in spite
OF the fact that we at the beginning
OF the year anticipated some increase
and materially enlarged our force OF
clerks.
Tears BUSINESS IN six monrnS
Here is our report and you see il
shows that the new business written
by the company during the past six
months practically equals the total
amount OF business cared for by US
last year. and three times as much as
was written during the first six months
or 1909 1t shows q gain in assets OF
about $50, 600 since JAN l and an In
crease OF about $50. 900 in income over
the corresponding months of last year.
The company" continued the Off
Ger, wrote nearly $1.000,000 of ap-
proved business in June and from the
present indications will place $40 000, 600
of new insurance on the books befol 9
the year runs out This would exceed
by 100000 the calculations made by
US at the beginning OF the year and
would increase the size of the company
so per cent in one year.
I might say little about the growth
OF our company. We have extended cur
operations until now we are licensed in
% states and those only the healthiest
and most desirable in the Union Gov
ering this territory we have a corps OF
agents numbering more than $50 and
many Of these men have until recently
been very prominent on the staff Of
some of the Eastern companies. They
came to US solely because they realized
the greater opportunities OF promotion
offered with the young progressive
Western institution
Plan of the Company
Questioned as to the plan of the
company and its policy contracts, as
compared with the larger Eastern COM
panieS, the officer replied: Our COM
pany writes all the old line standard
forms of life and endowment insurance,
annuities. installment bonds, etc, and
we are prepared TO write any form of
contract consistent with sound old line
life insurance principles on good sound
male or female lives.
Unlike some companies, however, we
do not write under-average risks.
There IS still much uncertainty regard
ing. rates ON such lives and while it
might be done with safetysto the COM
pauy, yetzit might be at the expense OF,
the healthy members. OF forty COM
panies operating in Minnesota last
year, the Minnesota Mutual practically
shared fourth place with the Equit-
able of New York and the Mutual
Benefit OF Newark. New Jersey, in the
volume OF business written in Mime
sofa, and its mortality was much lower
than the average OF Eastern companies,
due largely to its very careful selection
of risks, and 10 the fact that we con-
fine the company's business TO the
healthy states, and do not do business
in foreign countries
Another strong point in favor OF this
company is the fact that its money is
invested at home, is handled directly
by the home Office, and not entrusted TO
agents. perhaps hundreds of miles
away. The effect of this policy is best
shown iR-the fact that in q years ex-
perience, the company has not lost a
dollar through poor investment.
The company has recently placed
upon the market a contract which for
popular favor leads all others. During
last month one agent alone wrote
s207 goo OF business aggregating in
premiums over $1,000 Such results,
together with the companys methods
in dealing with its agents, are the
means OF attracting to our staff some
OF the very best producers and cleanest
men in the country, and will within a
very few years earn for the company
the distinction OF being the leading
financial institution OF the Northwest.