Daily capital journal. (Salem, Oregon) 1903-1919, 1906-12-28

right to expect The surrender values will be found
to be generous aud take the optional forms OF cx-
tended insurance pald-up Insurance and cash.
They are the standard forms OF the New York DE.
partment, the work OF experts which has legislative
approval They are plain TO the understanding
as they can be made We have discontinued many
Life, Limited Payment. Endowment and Term
plans: and we have applied for permission and hope
to issue In addition three plans which the public
have stamped with their approya--namoly the
Optional life Endowment. under a new name
the Modified Endowment with Life Option, the
Guaranteed Dividend. also undor new and more
descriptive name, the Guaranteed Increased Endow-
mont; and the Reduced Premium life under It's
new name, Life with peduccd Premium after 10
Years
Gentlemen We are entitled to say that the ARM
strong Investigation was n vndicaton of the meth
ods aud practices Of the METROPOLITAN LIFE.
The Armstrong laws are In many respects dietnct
roCognitoe of the work We have done together
these many years see that YOU appreciate this fact
TO the utmost Show that YOU do by making the
year 1907 unoNampled year for the issue Of
moro policies, for larger insurance, for greater
gain. for less apacs and not-takona, at a less cx-
pensC. et greater return 10 policy-holdere than
You have ever done Live up TO your hcssinEa'
SHOW that you appreciate the reward which the
Legislature has conferred upon your good work OF
the pastl Make 1907 the greatest because the best
year In the Compauys history
You have started well Last year the year OF
the Investigation. YOU did the largest business We
had ever done. The FIRST part ot this year the
paralysis which seemed, unroRsOnably ana unneces-
sarily to have fallen upon the business In general
appeared 10 have anected even you--eyen more nn-
rea sonabe and unnecessarily. Finding this 10 pc
the fact the Vice President appealed To You IN
personal conferences with the Suporlntsndentn In
little groups all over the country. pointed out va
YOU the facts and conclusions OF the Armstrong IN
quiry and the results aa embodied IN leHiHHuoh.
showed YOU the essential approval We hhi rvceNcd
An our work IN both departments, aud asked you To
respond 10 all this for the remainder OF the year
by making the best record YOU had ever MADE
This was I'm May and June II would be most un-
grateful not TO make this public aud general ac.
tnowlcdgement OF your response TO the appeal anu
ON behalf OF the Vice President give 10 you hla
personal thanks and add orr olhclal aekno"leute.
ments Tho wear il not yet ended and We cannot
therefore tell the whole story Hut Tor the ioh.nr
July 10 November. Inclusive compared Win me
same month of previous years ,.,,
Won made the largest amount OF Industrial
Increase which the Company ever made except 10
1894 and 1908. -. t.,.,.
trial business, average per man. o' ""' ~ '
TSe average Increase per man was larger than
for any of the Dast ten years.
10, hS' roto Of iapses was the third lowest for ten
years past ,, ...,,,n,s ,,as thc
,,,e,, Tor eieht wears, Notwithstanding the lhft'l
slrce ~ men with which we started ANA ihe lAtk''
reduction In the force We have made ,hlA @ 1ear -,
TSe oolisetlons we're tho best 10 the history "'
'hS & 1aa,b claims reached the lowest ratio ior th'
,as, gs ara-notwlthntanding the Increase" "'''
see age OF the poilcy.holiers. 49,. ,.....,
The upecial salary 10 agents aFefak'u Wv az. a
omount I'm the last ten years. ana I't ~ s"''
etoO OOO In the total compared Win ias, leAl,, M.
rbe saving In total cost ia these items ~ aa.n =,
,.a1c.t fees lbecause of reduction IN nnmps, y y
anniicational Assistants salaries ana sp.e'" "'
49,, M Inc rate of a million dollars year ,.,,t
We may add that the Pacific Coas, sss' ,a,s,in, NV
,he nroceason b. the remhfhaplN t'e' - ~ ~ AZ,
a. tbc YEAR the enormous lapse 'Ansoe =, s,,t
s,,bewake and IL certain 20 close the ''H "'''
handsome increase -, e.nteu,ber abor
a,t.N eeotanber Of last year, whie V,s''.a VaS,n,
siuslN'u 'isrgeiy exceeded the eoffsip"sa't ~ ~
Nos.,n'., y, ,s@t wear. ana December promises =" y
a record breaker a. -..,.,,.o.
And taking the last aix months Tor fvmpail.os, J,
t,re a. november incluaiye-you wToie more ~
dtnsy, than ever was written BY the temga1 y
80 c,rr.-oonding months and exceeded ltvs p
,ver 49, millions and n half. and thls must % -
, r,eg,bsred by more than 5000 less m'nl ,.,.
Ne arc proud 0f this record ana 80 are sla'.i' M w
, q, g,t, for your generous response We eAsnp, @ ~ y.
moro man 10 wish for you and yours th" aee ases
ana most prosperous year OF yoAf i've ," '''''
Very sincerely yours.
IOHN r. HEGFMAN