Bismarck daily tribune. [volume] (Bismarck, Dakota [N.D.]) 1881-1916, 1904-06-03
LIFE INSURANCE,

is issuing special edition containing
the most complete and exhaustive
insurance statistics ever compiled.
Advance sheets have been sent out
from which a great deal of informa-
ton can be cleaned by the press. 1t
is shown that In 12,474 cities and
towns in the United States $25S,34S,.
553 were distributed, and the total
payments, including dividends, surren.
der values, annuities, etc., amounted
to the enormous sum of $346,463,67s
The great sums distributed by lite
insurance in 1903 merely indicate the
extent to which the producers Of the
natfm have placed themselves under
contribution for their own protection
and that Of their families. The vast
monetary benefits, which by last
years showing are even now being
received by the thrifty. insured class.
es, constitute only IA drop in the
bucket" when compared with the sum-
total OF life insurance carried. all of
which is a capitalization Of. the pro.
ducttve energies Of the present gen
grafton. It is well said that no one
can 80 readily appreciate the extent
of the life insurance business the
magnitude or the significance of the
thrift and independence which it has
inculcated among the people Of the
country-as by examining the table
showing some OF the billions of dollars
that the life insurance companies are
under contract to pay and for which
they are laying UP accommodations
every day. IT.,
In North Dakota $416,266 were paid
to benefciaries during the year 1903.
Roughly, the total ordinary insur-
ance issued In 1903 in the United
States was $2,ooO,oOo,oo0. The indus
trial insurance issued in the same
year was, approximately, $500, 000, 900.
The grand aggregate of all regular
insurance issued in the United States
in the year 1903 was $4,000, 00O, 900.
More than two and one-haK billions
of insurance issued in the year! And
this figure does not include the fra
ternal and assessment insurance is
sued.
It is beyond the power Of the mind
to grasp the full meaning OF billions,
continues the Press. The idea is too
big. However, millions are more
readily comprehended. Therefore, let
the stupendous total of two and one
half billions be reduced to the basis
OF millions
There are approximately three hun
dred working days in the year, in
Guiding Sundays and holidays. There
fore, on each working day of 1903
there were issued insurance to the
amount of over 100000.
EN- Ponder over the fact and try to ap-
preciate it's magnitude and it's signifi-
canoe. Does it, not indicate the ex-
tent of the faith and belief which the
American people have in life insur-
ance? Every day in the year an in
vestment is being made in life insur-
ance security of 100000. -. :.
No further evidence is needed to in
dicate the widespread recognition Of
the necessity of life insurance, and
the thorough confidence placed in the
system. Were not its benefits and
purpose so universally appreciated, it
is mot to be presumed that the sober
and thoughtful men and women of this
great republic would give life insur-
ance such an impressive endorsement
az is represented In daily purchase
OF $4,000, 900 insurance. s2,as
The summary Of life insurance pay
ments BY states b Interesting, the
disbursements in North Dakota's lead
ing towns and cities being as follows:
Aryilla .... II 200 jamestown J. i. IL oO7
u Ar1Och 81, . 3. ION 8 In kOta . . !. 8st on