The Savannah morning news. (Savannah, Ga.) 1900-current, 1904-02-03
Our Local Life Insurance Company.

The annual report made by John A.
Hall, president of the Massachusetts
Mutual Life Insurance Company, says
the Springfield Republican of Jan. q,
is a record of progress, an exhibit of
the mangntude and strength of the
city's largest financial institution, as
well as a certificate of its soundness,
so demonstrated as to command re-
spect. If the building occupied by this
company planted in the midst of the
city's chief street, is a place where
much business is done, it does not
bear the outward semblance. of bus
thing activity. The home of method
and never-ceasing industry, the work
so carried on is lifted above the street
floor. and there are no pictorial shop
windows to attract the attention of
the passer on the thronged Main
street. But out of the great building
issues a business, fed by an army of
agents, whose volume not all of us APP
preciate, which is being carried with
system throughout the country. Among
the forces and industries that are adj
VertiAing Springfield, here is one to be
reckoned in early and prominently.
1t is due the average citizen that he
seek to gain some realizing sense OF
the importance and reach of this in
stitution One other Massachusetts life
company has assets in excess of the
local company, but neither that one
nor any other Massachusetts company
doing an ordinary life business only
has as large a premium income, as
large a total income, or as much out
standing insurance. Taken offhand,
what would you estimate the total in
come of the Massachusetts Mutual
Life Insurance Company to be? Pre-
miums, interest and rents yielded
it last year the snug sum of 81
746 267. In these days of trusts the
talk of millions is a commonplace, but
these are millions of dollars in hand
not wind or water, but actual cash re-
ceived. The business of the company
that is, it's insurance Accountants
has reached the total of $3.50, SOS, 456
figures which loom mountain-like
against the background of its begin
nings fifty-two years ago. In total
outstanding insurance there was about
the usual advance during the year of
some $11,000000 in carefully selected
risks; while the mortality of the year,
shown in death claims paid. was only
SO per cent of the expected.
But il is the financiering of the In
stitution to which men of business Will
turn without disappointment as TO
what they have been led to look for in
that quarter. The assets now stand
ut SS3, $50, $685. the surplus has increas-
ed, and so has the income, largely
with a gain of $40s. $50 from premiums,
and s159,O64 from interest. Eloquent
of both care and quality is MIR. Hall s
statement that on $1S.12S,774 of mort
gage and other loans there was but
S3143 of overdue interest-with good
deal of this little remnant in sight.
IJpon s12143,563 of bonds as well no
coupon is overdue. Snug and shipshape
is this showing. AS to the shrinkage
IN the market value of the company S
bonds and stocks as marked by the
lew level of prices prevailing at the
close of the year-$148O0 coo on $12,500,000
of bonds and $4,000 or $4,000 of
stocks-they yet stood at $533,S17 in
excess of their ledger cost The GER
tificate of value is ample And despite
this lowered market rating Of bonds
and stocks, the net surplus increased
$269. SIT. IN all Of which there is the
sense of security. and when President
Hall declares that the company's
strength and soundness are beyond
challenge" il is the summing up of a
demonstration. His assured optimism
of outlook carries with it it's justifica-
ton.
The above is from the editorial page
Of the Springfield Republican. Jan.
21st II is a complete statement OF
the standing Of the Massachusetts,
Mutual Life Insurance Co. And it
tells the story of the greatness and
excellence OF this company. The
Massachusetts, Mutual Is "A favorite
with the people Of Georgia. The
managers here. Messrs. Harry & Ap-
pie, have spread its business all over
the state. and IL is an immense busi-
ness and a satisfactory one to the
company the policy holders and the
managers,