Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1906-02-28
CASTORIA
For Infants aud Children
The Kind You Have Always Bought
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LIVING FIGURES IN THE ANNUAL.
STATEMENT OF THE METRO.
PoLITAN LIFE

The yearly compilation Of statistics
puhishcd by the Metropolitan Life In.
surance CONF any is never dry reading
a summary OF that company's business
for the year 1905, just issued tabulates
astounding figures In the concise man.
ner approved by accountants, and fol.
lowing the custom of former years. sun.
PIGMENTS them with clear ana lucid
analysis for the benefit OF people yho
are not accountants.
After placing before us n comprehen.
sive statement OF the company's gen.
eral condition, and presenting a series
OF comparative items, the METROPOLITAN
reminds US again that the number of
It's policyholders NOV Increased to more
than eight and half million) equals
the combined population OF our eight
largest cities. In other words, lf the
company's policies now in force were all
placed In New York, Chicago, Phila-
delphia, Boston, st. Louis, Cleveland
Cincinnati and Milwaukee, every man
woman and child IN these communities
would possess one.
We are Informed that nineteen thou
sand persons were In the company's
service at the end OF 1905 If one adult
breadwinner represents five individuals
In the total population, we must con.
clude that nearly hundred thousand
persons draw subsistence from this In
stltution-not In insurance benefits, but
In direct payment for service to the
company.
This army OF nineteen thousand emf
ployes evidently includes no drones
During the year Just closed II handled
n daily average Of one and a half mill
Hon dollars In new business alone. The
con rnnv issued on the average nearly
seven thousand new policies every bust
ress day during the same twelve
months.
4 single item which illustrates graph
lcally the real meaning and purpose OF
all this tremendous business Is that re-
lating to Insurance claims raid during
the year. These amounted to more
than ST., COO 600 This means that some
one received from the Metropolitan Life
In benefits one hundred and six dollars
every minute OF every business day OF
eight hours throughout the year.
Again, the uncertainty OF life and
health. and the universal need of life
insurance are most impresslvely en-
phasizel In the statement that l5,lB
policies paid within the year 1905 had
been In force less than twelve months.
and that 1926 OF these policies were
paid in less than three months from the
time they we're issued.
The METROPOLITAN life began the year
1905 with assets of more than one nun
dred and fifty million dollars, showing
an Increase OF more than twenty-three
million dollars over the preceding
twelve months. This evidence OF ample
and increasing strength II most salts
factory thing for policy-hoders 10 con-
template. and II IL a further cause for
satisfaction that the largest years busl-
ness IN tho company's history was
transacted at lower ratio OF expense
than has ever been reached In previous
years.
Many items In the company's sum
mary have not been touched upon for
lack space. hut the document itself Will
be widely circulated and ones time can
hardly be utilized to better purpose
than In the careful and reflective read
ing Of It's entire contents from begin
ming TO end.