The sun., 1905-10-29
MUTUAL PRESS AGENTS CHIRP
sSns ~ fUt tuS Niy0 ~
IUr RvHt NJ ~. Uu ms
n ~, SNt n schooner Desisurd tor the
inmirf snd S,orr rfNdtl se,ef,heiess,
SHE wN' sche ,ulrd,o tternne Iceso'a
Itfdr " ifr Insurance Figures,

N NHs Ntit n srtigoteF Vesianrd tor the
inri,rf ant sionr rradti nevertheless
SHE wN' sci,e eiulrU,o Herahe Ices0's
Hfldr irr Insurance. Figures
Al ono N ~ hearings hcfotc tho Arm
ttfung Insurance committee last week
Charles Smilh the Mutual life Insurance.
Company literary agent WA uueatio
about tho story ~ the launching ofa yacht
which was acnt ont by unc of tho Mutuals
hifod ttcss artists" rho details ~ the
yacht story didnt come ou IN tho nvcstis "a
tion. as Literary AHrnt' Smith disclamed
all knowledge " II
A SrS fnpuuor snv the Hrtitln yesterday.
Tho yacht waa four fnastrd schooner,
named Robo'l u Ncturdy nni designed
for the humber and stone trade President
McCurdy of tho Mutual has a son Of that
maine lhr launching waA to take place
at a seaport town up IN New England
sitting on the stocks there to-day IL the
-four inastel schooner Robert II McCurdy.
all but ready for the word to br given which
will mako hor the occau's bride"
Thus wrote tn MutdnI1 press agent who
was paid 81 200 Of the poIicyholders' money
q year And again,
Designed with the cunning which will
rob the sea Of it, friction, and built with
soldity which will defy the tompests. she
rests there, thing of beauty and triumph
of marine architecture"
Capt Hall "cnst his critical eye on the
hull and declared il to be the "handsomest
bottom vessel h. over saw"
The policy yhoidcrs along with tho rest
of the public, were informed that the Rob
ert II. McCurdy Is of "a single deck and
half POOP" Nth main kcelsons SO inches
high.
THE cabin, are furnished with the lux
ury of n modern residence
On the day Of the launching "conspicu-
ous" in the group was Richard A. Nc
Curdy, who tor eighteen years has leen
president of the Mutual Life Insurance
Company and whose annual salary Is only
Sl0o,OUU. After laying the expenses OF
the private car from New York and return
he had money left.
with the millionaire insurance magnate
were his son. Robert IL. McCurdy and his
son-in-law, both ACCOMPANIED by their
wives
One Of the Mutua's general agents from
New England was present at the launching.
He was well known there, having for many
years represented the Mutual, whose assets
had increased from sion, 600 600 to 500, ,0OO, 900
under Mr.. McCurdy's administration.
IL Is not at dll uHllhely tuaI lui lhti IiLS-
closures regarding the Mutual's news bu-
reaus will be brought out by the investi-
gators when the hearings are resumed after
election.
It was said yesterday that one of the
things which the committee is going to take
up when the inquiry is resumed is the pur-
chase of securities by the Metropolitan
Life Insurance Company from Vernilye
& Co. and William A. Read. Mr.. Read
was formerly in the firm of Nermilye Il
al, ,l,,l b
out before the committce that the Metro
politan's purchases from Nermilye d Co.
and Read nave amounted to an enormous
sum.
Copies of an address delivered in Boston
by Louis b. Brar,.eis couI Sc! for the New
Eneland land Polcvholders' Protective Associa-
ton, have been received in this city. In
cludcd in the address are some interesting
statistics.
Mr.. Brandcis shows that there are out
standing in the nrety primo old line
oomparica Of tho United States q ,Os2,a52
policies, ard that by these policies the
lives of at least 1O,Oo,OOO persons are in
sured. On the average four persons are
Interested one way or another in each
poiov, which makes one-half of the total
population of the United States directly
interested in insurance. The aggregate
amount of insurance represented by these
policies was at the beginning of 1905 $12,..
62s ,iO3, ,15i. which is more than the actual
NaiuG Ol all tl,e steam ldliOdtiS III lhe Oi.lteu
StnteS.
During the year 1904 the ninety companies
received as premiums on these policies sums
agGrcgating si9S 3o3.2 .27o, or more than the
aggregate interest and dividends paid on
ell bonds and stocks Of the steam railroads
OF tho country hell by the rut lie. which
amounted in that year to SaG5 ,S12,674. On
January !, 1905, these ninety companies
hell aascts aEgregating S2,573 ,1S8, ESQ, which
is more than three times the aggregate
capital of all the 1881 national banks in
the United States. or nearly four -ffths
as llrge as the aggregate deposits in all
these banks.
The total income from these companies
during 1904, Mr.. BranGeis said, including
returns from Investments, was S6l2 ,S98 ,SS1--
that is more than the total revenue Of the
United States Government from all sources
for the year 1905, which was only s543 ,423,
1924. These figures are entirely aside
from the numberless assessment companies
end fI8ternal organizations.
OF the aggregate assets OF the ninety
companies on January 1 l9o5-$2 SIS, ,lS6 $3.50
nearly one-half, or 81 PAT 23l 75S was
held by the three leading companies in this
city, !hc Enuitatle le. New York Life and the
Mutual Mr. Brandc!s declared that the
FQuitGlle Society on January I, 1905, held
bonds and stocks aFgreCatng in cost sl92,-
$40 $50, exclusive of Government, State,
county end foreign securities, and that of
this amount s1Si 740 Alb or all but 81 los ST.
was, the securities Of corporations in which
either one or more Of the directors were
Interested as directors, or which were
PARTS of systems controlled by such COR
pcratons.