The Norfolk weekly news-journal., 1905-03-24

| airy llnDlllty Tor the present year ~
decreasing, and the surplus to policy
holders Ia increasing at correspond.
ing ratio Our business Is increasing
steadily. In our home county of Mad,
isou we have probably more policy
| holders already than any other old
line company The company is abso.
! lutcly free from debt aud money Is
being loaned on first farm mortgages.
We have no doubt whatever as to our
ability tn meet each aud every loss
We may have. Aside from tho benefit
To be derived by the people In keep
ing their money at home It is n fact
that small western companies can nc.
! tually show better results To policy
holders than can their eastern rivals
Even In the east there Is "A tendency
on the part Of buyers of insurance to
patrOni2e more literally than hereto
fore the smaller companies, bClicv.
ing that they are more Conscrvatiycly
managed and having smaller amount
Of money to handle are able to handle
1t To a greater advantage to the pol
! icy holder. The small western com
! pauy has all the advantage of the
small eastern company In this respect
ana the additional advantages of high
or interest rates and "A smaller mortal
ity rate. Nebraska Is one of the most
healthy states In the union to live In
and the less a company has to pay
in losses the more they will have to
pay In dividends to policy holders;
but this Is not all that is in our favor
as to mortality Any young company
with good risks who are for the most
part young and middle aged men can
avoid for many years an excessive
death rate from an Increase In the age
of policy holders. The amount OF mon
ey now being set aside by this com.
pany for losses as determined by the
acluaries' combined experience table
OF mortality is calculated to meet all
the requirements Of an old company
with an increasing death rate, and
certainly ought to be more than suf-
this company at the present time
Higher interest rates which western
| insurance companies are able to oh.
tain are OF the greatest Importance TO
their policy holders. These compa-
nles get an interest rate which IL on
an average at least two per cent bet
ter than their eastern competitors
have done. The loans that have been
negotiated so far by this company net
us six per cent while thousands and
thousands of dollars are being loaned
by eastern companies at four per cent.
What does this mean to the policy
holders of western companies? II
means that an annual premium OF
three hundred dollars invested at four
per cent compound interest amounts
in twenty years to 9,29S dollars, while
the same sum at six per cent would
amount to 1867 dollars, difference
of 2,399 dollars by obtaining only two
per cent higher interest rate.
The real test as to the strength OF
any financial institution Is ascertaned
by. comparing its assets with It's liza
bilities. This company has $500 as
sets to every $1.00 OF liabilities, which
compares very favorably with all 9th.
er well known companies.
This company Is compelled by the
law under which we are organized to
deposit the cash value OF each policy
with the state OF Nebraska In the
form OF interest bearing securities.
This of course is guarantee of safet I
not only to our present policy holders
but also to the most timid investor
who may join us in the future. With
the safety OF the policy holders money
assured together with the many other
advantages favorable to us, already
enumerated, we see no reason why
this company should not continue to
grow and be successful. The officers
realize that 1t is incumbent upon
them to select only good risks, keep
the expense OF management down as
much as possible and to obtain the
highest rates OF interest consistent
with first class securities. We are
certain the opportunity for greater
success awaits MS and we need only
to grasp It, The officers are deter
mined to push for business and in do
ing so want and expect the hearty
cooperation OF all in good sound Nor
folk institution and with a strong pull
and a long pull and pull altogether
success in a large measure will be as,
sured
The meeting then proceeded to the
election OF directors and the following
gentlemen were elected directors for
the ensuing year: p II. Salter, Thorn
as +, Memminger. X. F.. Williams, J
Koenigstein, Burt Mapes. John B
Maylard, all OF Norfolk Joseph c. Os
born OF Battle Creek H. NJ. Stockwell
OF Clearwater and Edward r. Mittel
CT ~ I ha tS