The Bennington evening banner. (Bennington, Vt.) 19??-1961, 1906-02-10
Extracts From
mE
Annual Report
90 $40
Northwestern Mutual
Life Insurance Co
Il sl.naa Via
fsf Year thtihs Ian |. 1909



, EEL sslsis. bs.i.ts a lasst siiss aitias
! sisasa casEiF snt Mssis'Fsi hsbs'
sEs 10 sac aasessfs aaats - fslissi
! aampsanss Ihis esefsRf lss,sa sssa
. asiaat ia isepsa iE slaess ssE hss sss
- esEas saf e shis Q sss - saesii
isasl Ef.lt.sF hss d : asfaf iis isEfs ~
90 aaiislsFsis 81 ssfgs iHeHshesi a
Ia sissa eaas,istas wa ihs Fifa ~
asiHsaFsis - ils stsgt1F sEd a. isss
" shis sis'ss sas sssFf Fssnsis.etl Ne
t.ass ssliofSsai BE- fssslssF eos.a.ii
tas sas is saosese1 - so psfsassssi
besss - it,s coePtsi.
a. ta.s g see - Ne fssf tas ssssis
saosaiad b. iass iitgfs ~ 90 lss
essss 80 tis sssF - fiisSs. as a
shd wee issssiad ss faiia~s Teal
fsisis AassFssss. 90. gsS 80 y. g.
iaaFssss 90 n,s yssF - ss.esi 80 -
tsiied Risiss. hlsis, Csssif sea Nee
isnai bohts snd iislifusd MofsgsFs
bahds. go. 80 uss.ss, ss ibcfssss -
fi,ssss "a ~ ioshs 81 poiirf'heidsfs
e. ssi, 80 a. ineFssss - ssiizs'fl
rssi estate f1,siisg'e a.
TIE aoftsasss wsfe secsfed ~
property eohssss siitsif tslsrd II
80 ssl 2ss. wish See inssfancs ss
collateral sscsfiiy sasahiins ~ So
1I.til he care via shich sc
sofsssss iosns haze bess asds is
ssssa ~ ne tact mas shiis its ssm 81
49, ~ ois " be. besn iosped on o.
esfity ~ this kind. tiss CpsnpAny roe
o~ns bit an. ~ - 81 rial estate
soqaifvd ssjsf fprreiosuFs The
amasnt ~ inisrssi DO 90 mortgages
10 isos vac l.ss3.ee: " % shich ihsFs
vfnsinsd unpsid on ~ Stat AZ Decan'
boz. iso5. only tis.iss.es. This latter
is.'s. barely more than ono third Of
ous tsr cent ~ Ne interest doe sni
payable 10 The year. 10 amply sccvri
By he side margin bss~se1 The amopn
- ths i.sa ssd de- .siss - a.. prop-
srsy mortsagcd. ~ The cnilre bond
soldlnss. 90; . dollar ~ iniercsi 10
due and unpaid ., The end 81 The year
TIE policy loans are made 10 policy
holders and he policies assigned 20
The Compsay These loans are always
slihln The cash value Of the policy shd /
amply secured.
The real estate consists Of The Hone
oiioe Building. valued AZ ,s5s,Oso.6I.
asd 81. 5sp. sa5.s2 acquired under fore
closure ~ mortgage This latter item.
after deducting all expenses incident
O. the care Of the property. repairs and
axes. yielded a net rental OF four per
eni.
No officer Of the Company, member
~ the ESccutiyeor Finance Committee.
rrus:ec. agent or employe has ever
had or now has any financial interest,
near or remote, In any OF the securities
or assets OF this Company. The Com
pany has no interest In any trus, com
pany, bank or kindred corporation or
The following recent letter from Mr.
w D Hulett, President OF fhe Combin-
alton Cash Store Co. OF Rutland and
one OF the leading retail merchants OF
he State may be taken as a fair sample
u what the average business man
thinks about stock investments for
life insurance companies
IL = d L S Norton, Agts.,
Northwestern Mutual Life ms. Co.,
Bennington, W.
Gentlemen:--Fors several years ]
have watched the tendency OF the large
insurance companies to become entan
gled with banks and trust companies,
and thus indirectly through influence
over these financial institutions for the
insurance companies to become potent
factors in the great speculative move
ments in Wall street
In the bond market, their necessities ,
compel them TO become influential, the ,
influence of large consumers by the I
law of supply and demand, and when {
used such influence Is legiti-
mate and right. But as apolicy-hold
Or, demur when my money Is depos
ted In banks and trust companies and
oaned or withdrawn from the loan
market with the deliberate purpose of
booming or depressing stocks, and
hus helping the men who manipulate
he wheel to rake in the stock gamblers
money and also that of thousands of
innocent investors.
1t has been source of some salts !
action to me to believe that each of a
he three companies from which had c
AIKEN policies we're comparatively free
rom such dangerous connections. 8
A glance over the last annual state a
nents of these companies, keeping in \
mind the danger signals developed by {
he heated controversies now taking v
'lace on these subjects, has so far
,nly served to increase my confidence,
little perhaps with the hope
hat no future facts may develop to
A