Luxemburger gazette. [volume] (Dubuque, Iowa) 1871-1918, 1905-01-17

dends of others more fortunate than
thou, and who will sing our praises
even at thy expense, aye, verify And
IL also came to pass that one James
Mcmillan of the city of Minneapolis,
Minnesota, did also leave his purse
containing "$1,19S.20 in the keeping OF
this great and good dividend payer,
and when after the space of threa
years he called for his account ha
was offered the modest sum of S2S9.14,
w~hereupon he reiterated TO Isaac,
whose name is Kaufman, the apostle
whose teachings had induced Mr.. Me.
MILAN TO part with his sheckles. the
many promises of large dividends,
but neither Isaac nor his masters
would hearken unto him M his
walls availed him not as he looked
with longing eyes at his vanishing
fortune.
his purse Nov. 10, 1851 containing
Sl,SS9.40 Cess reduction by dividends
for ~safe-keeping and big %returnsD
with the Northwestern. While he
was able and willing To pay, his divi-
dends were remarkable. but the most
remarkable thing he experienced was
'HNN Nchpohy . chCA VI Sto1t-, when
after twelve years he wanted to Quit.
Albert j. Hough of Chicago. Ill.
yielded TO the tempting offer of big
dividends, March. 1876. depositing q
total of $1,243.00. Eleven years later
he asked for cash, and was horrifed
his big dividend consisted of an
offer Of $191.l2 for surrender of his
policy.
October Is, 1886. j. II. James of
Atlanta. Georgia. heard the Voice OF
the tempter and probably read the
Northwestern's challenge n COM
pany TO equal this" %(dividend). so he
deposited with that company
s1,377.30; then three years later he
asked for a return of q portion of his
money, as he no longer desired the
services OF the company. 1t was then,
and not until then that he knew what
dividend meant. He was paid as a
full settlement of all claims and de.
mands against this good dividend
payer, S246.90. and the company and
Its apostles hardened their hearts and
repeated not to the world his lamen.
tationS.
In 1887 Harry III. Gay OF Boston,
Massachusetts, probably read a
Northwestern Challenge circular.
for he straight-away invested with
that company q total of S153.50. and
i've years later was rewarded by re-
ceiving an offer of S164.90 cash as
full settlement of all rights and ben.
elts accrued or TO accrue TO his
benefit.
AND in the days of 1869 came like
wise n ID. b. Ellsworth and sought
to secure some of the great DIVE
dends," and after his experience came
again and reported to his fellows as
follows: The Northwestern Mutual
Life Insurance Co. OF Milwaukee,.
Wis. issued TO me. ON April IL. 1869.
their policy No. "A. 1858, for $4,000.
paid premium on same up to April II.
1880, total $1,594.90. Before the next
premium fell due. the agent here, at
my request. wrote for Il surrender
value on my policy. The company re-
plying under date March 10. 1881, that
they would allow me $32.01 cash or
S96 full paid up insurance. | did not
accept this offer, and on applying
again several months afterwards. was
informed that they would a me
nothing.
Signed at DEBORAH, Iowa. this 25th
day OF June, 1887.
lSeall JOHN LANE.
Notary Public.
From the foregoing examples 10
would seem that the Northwestern
might also add another challenge"
To its list by asking the insuring pub
lie 10 show an instance when a retir,
ing member was so mercilessly
fleeced.
When it is taken into consideration
that only a small per cent of original
policy holders eve mature a 2O-year
policy, it a be readily seen how
these very few might fare pretty well
in the Northwestern. while compa.
MES which treat all their patrons
justly and literally all this while. per.
haps, cannot show such results TO a
few. notwithstanding all this the
dividends paid by the Northwestern
have decreased in some instances 80
per cent the past five years. This is,
OF course on account of the reduction
of the rate of interest. and the com.
pany being small, doing a limited bus
mess and not having an increased vol.
lime OF money earning sufficient ts
counteract the reduction of interest
rates, dividends of necessity with thit
company must decrease.
A person taking our a policy in ann
company to-day is by far more inter,
ested in what a company will do, il
likely 10 do and is in a position OF
account of superior strength, TO do
for the next coming 20 years, thar
he is in the history of the past 20,
years. If the Northwestern wishes
to be fair in comparisons it might
publish a list of several thousand pol.
icy holders who paid in $500, $500,
81 500 or 1000, and who We're unfor-
tunate enough to be compelled to ask
for withdrawal, and received nothing
or 4 mere pittance, as compared with
those IN other companies who received
the full. legal cash surrender ON every
policy. They may do this.--[Insur.
ance and Commercial Review.