Omaha daily bee., 1905-02-15
been sold; the recovery on those still held
is over $4,000.

| Real Estate and Loan.
One of the most remarkable. as It was
the most unforeseen incident OF the hnan-
cial history OF the last two decades, has
been the changes wrought in the conditions
affecting the values OF city real estate,
caused mainly by the development OF street
car service. Before the advent OF the cleo
trio trolley living at distance from bust
\ ness centers was difficult and expensive.
Population tended to gather compactly in
their near proximity. It spread only as It
was forced outward by the spread of busi-
ness This tended to both increase and
steadiness in values and to certainty in
their realization. Today the electric street
| car, with its speed its comfort and its
accessibility; the free NATL delivery and
the telephone have largely reversed the con
ditions and are leading the population to
| spread out freely In search OF space. light,
! air, more privacy and cheaper land. The
| older settled parts of most OF our larger
cities thus find themselves In an active
competition which can be met only by a
reduction In prices, which but few years
ago were justified by every measurable con-
| dition then In sight. For obvious reasons
this great change has caused individual
| losses which have led to many foreclosures
| OF loans justifably made under former con-
| ditions OF higher and supposedly stable
values, and the dullness of the real estate
market. due I'm some part to the continued
operation of the changes noted. have in
many cases compelled the lender to become
| the owner of the security
In all this experience this company has
had its share along with others. 1t now
has foreclosed real estate which cost 1T
$S,67S,69s. This is being gradually absorbed,
some at a profit some at a loss. Among
| Our liabilities we carry an item for con-
! ungent depreciation OF about $3.50 900 we
| intend to make no unnecessary sacrifices
30 far our profit and loss account on fore
closed real estate as whole is 81, ,36s, ,943 TO
| the good.
In our present more limited loans upon
this class of property we are taking such
account OF the conditions referred to as We
believe will guard against a future repeti-
ton of past experiences
| Notwithstanding the conditions which
have changed and unsettled real estate
values in many localities. and which are
still In progress, 1t may we'll be that when
they shall have become more completely
developed and their operations more fully
defined and their inherent llmita tions bet
| ter understood real estate, on the result
ant basis of values, may recover much of
| Its former favor, especially in view of the
| growing difficulties in obtaining out of
| the great flood of corporate securities
those Of a thoroughly conservative char
acter and for which the future demand
/ is likely to be far greater than any possi-
BILE supply. The funds asking thoroughly
| safe investment, whether by savings
| banks, insurance companies, trustees or
| institutions and estates or private indi-
viduals, need to have available every form
OF security that offers a stable basis of
| income and of ultimate value.
The Business Ideal of The Connecti-
cut Mutual.
| Every business or enterprise undertaken
for a distinct and particular service to
the public. and which assumes to offer
men something they truly need. and some
thing for which those who need It should
| be willing to pay its true and necessary
cost carries within itself an ideal of method
peculiar and necessary to the purpose in
| tended, appropriate. and effective TO tho
| form OF result intended and essential to
its perfect realization.
| Especially Is this true of mutual life
insurance. 1t takes note of the great fact
that he who has married a wife and made
her dependent on him, and brought into
the world helpless children yet more de-
pendent, has assumed toward them and
toward society itself a responsibility not
only for their daily bread, but for all the
manifold needs OF their whole dependent
future which he cannot shirk and remain
a true man; a responsibility which, in the
great majority OF cases, II takes his whole
| normal lifetime rightly TO discharge, and
| one which his earlier decease must leave
unfulhlled, to the great loss and injury
| of his dependent ones. And the risk the
danger OF this loss. rests upon them day
| by day and every day. In the great ma
| Jority Of cases there Is in hand no finan-
| cial provision fully adequate and avaia-
BILE to replace for all their future that
which his family would lose In his death.
| There is but one way In which that pro-
vision can be made at once and kept ale
ways ready and secure. He must insure his
| life for the benefit OF those who will lose
| by it's loss. In no otherwise can his re-
| sponsbility be fulfilled for their whole
| future which Is as much his to provide
for as is their present.
And 1t is this which we offer to do for
MIN. for them; to take his money while
he lives and to the fullest extent that
money, much or little, enables us. to pro-
vide for them when he is gone. 1t IL .
sober undertaking; It is his duty; II Is oS1e
| trust And because It is his duty, and q
| transaction whose benefit goes to others.
but whose burden falls on him. and in
order that the benefit may be as great as
possible to those who need II, and that
| in proportion to the beneft given the bur-
den on him may be as small as possible.
we offer to do the business on the mutual
plan; to make no profit out OF 1t for
stockholders, but to charge him pre-
MUM which Is certain to be adequate, and
then, year by year, by careful selection OF
risks by proper investment OF reserves,
and by economy in expenses, to save as
| much Of that premium as possible and re-
turn II to him year by year, so that each
year he gets his insurance at its actual
yearly cost to the company.
And the full meaning of mutually is.
that what the plan does for one It does
equally for each one. II does not set up
a scheme OF deferred dividends for twenty
years, make each man pay his full pre-
MUM each year regardless OF what the
actual cost has been for the year, make
him leave with the company each year .
surplus from his premiums, to be forfeited
II he dies or lapses. and to be finally diyi-
ded I'm nv the one-third-more or less-of