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

INSURANCE
A few days ago We observed an ar
ticle in a local paper in which the
Northwestern Life Insurance Com
pany Of Milwaukee admitted that a
circular distributed by the Connect.
cut Mutual. showing the latter paying
larger dividends than the Northwest.
ern. was correct but unusual" The
circular differs from those gotten out
by the Northwestern in the respect
of il being correct, and the figures not
jusgled so as TO show O dishonest
comparison.
The Northwestern makes the charge
against the Connecticut that the lat.
ter are paying dividends out OF their
surplus. Whether this is true or
false. about the Connecticut, the
Northwestern has been doing that
very thing for the past several years.
In the year 1899 TO 1901 inclusive, the
surplus of the Northwestern de
creased $1.0SO.197.79. while during
the same period the liabilities of the
company increased s37, 51S,3l1.47.
THESE figures are taken from the
sworn statement of the company. The
officers Of the Northwestern admit
that they had been paying more divi-
dends than they were earning.
In 1899 the Northwestern was COM
PEELED, by their agents, who could not
meet competition, to liberaliZe their
policies to the extent of inserting IN
nual cash values, extended and paid
up insurance values. and to elimi-
nate many obnoxious clauses which
saved he company many thousand
dollars by resisting claims. They
also tried to have the company make
their policies incontestible, but this
the company has not done as yet.
Every liberal condition in a policy
costs the company money and is for
the benefit of the policy holders in
general and not for q few fortunate
mes who live I've Il certain period.
No better illustration of how the
Northwestern has been for the past
twenty years .Robbing Peter to pay
Paul" could be given than is found in
the following article entitled: How
the Northwestern has been paying
large dividends which we reproduce
in part.
And it came TO pass, that in the
year OF our Lord, 1881, that G.. w.
WuoSC SukldIuS was SlOut, TSSltluH
in the village Of Indianapolis, Indiana.
having some coin which he desired to
place at uSury. sought out an institu-
ton, ever the Northwestern Mutual
Life Insurance Co, with a record of
great gains to the faithful, and depos-
tied Herewith $256.30, and moreover,
continued to deposit a similar amount
for the space Of 10 years, after which
he called upon his banker for an &C.
counting, when behold! he was given
great returns. with the admonition
that ito he that hath, to him shall be
given" w~hereupon he raised a loud
shout OF praise, and advised all his
brethren to go and do likewise, and
the said Northwestern Life Insurance
Co. admiring his zeal published his
praise and sent a large army OF apos-
ties abroad in the land to tell all the
people that whatsoever will may
come and grow rich.
And il came to pass in the same
city of indianapolis there lived one
of these apostles, who being Jealous
in his masters praise did beseech and
implore another young man of imma.
ture years, II Robert whose sur
name waS Martindale, 10 trust his
sheckles TO this same Northwestern
Life Insurance Co.. which he did to
the extent of $503.90, when becoming
exhausted and falling by the 'wayside,
he implored his banker for a ~pittance
wherewith TO buy refreshments. Then
it came to pass that the\ said North
western Life Insurance Co. looked at
the furnishing young man and in q
fierce tone of voice cried aloud, He
that hath not, from him shall be
taken away. even that which he hath
lin the Northwestern). Get thee
| hence, thy name is Mud! We will
give thee $46.47 out of thine invest,
ment. but we will not send forth our
| apostles TO resound thy groans of dis,
content. nay. verify: W e need thy
shekles with which TO, swell the divi,
: III pet y
eiueu uu