Daily capital journal. (Salem, Oregon) 1903-1919, 1906-12-28
To the Field Force.
GENTLEMEN:

GENTLEMEN.
It is our custom to address you each year at the
time of our annual Superntendent's Convention
Usually this is held about the middle of January
and the topic Of the BULLETIN is naturally the
Annual Statement of the Company. This year the
superintendent meet in convention the middle of
December, and obviously the record OF the year is
not made up, and 1t would be premature to set
forth the progress of the Company in its business
and finances. We shall have something very pleas
ant to say to you before we close about what you
have accomplished; but our immediate object is to
tell you about our plans for next year.
INDUSTRIAL DEPARTMENT
You have known from numerous addresses, both
oral and written. what our ambition has been for
years in the Industrial part of our business. You
will bear witness that our treatment OF the
policy-holders has been one of progressive libera
ty ever since the present administration of the Com
pany began The very first year Of It's incumbency
Paid-up policies-theretofore unknown TO Indus
trial insurance in this country-were announced;
and every year since then something has been done
for Industrial pocy-holders beyond any promise
made in the policies. Bulletin No. 1875 set forth
these concessions and bountes up to us date ana
since then the successive years have been marked
by progressive gifts and benefits oherd to policy
holders; and this year the Company has been DIS
bursting the enormous sum OF about two mllllons ol
dollars I'm voluntary dividends upon non-paruclpat-
ing Industrial policies; bringing the total amour.
of unpromised dividends In twelve years 10 ABOUT
ten millions of dollars 10 Industrial policy holders
in the form of dividends on premiums, dlWuehuS
on death claims and increases OF dement's uooh eN-
listing policies .,,.,, .hi. u,orl
all these wears by steady improvements In business
methods by steady extension OF business te',r ~
tory by steady additions TO insurance III ioS'S, -
watchfulness in writing and taxing cate SUoas- ~
ness resulting in decreasing death rate, ueeIeaS
inc lapse rate and decreasing expense Si Ia'o
These improvements we nave ouhons
IN Won from year TO year. uus Pas9 Pot
fror, tbie very fact-their gradual, steauy PIVsta
rom lhs @ have failed 10 grasp their full signih-
canoe Yet year by year we nave loiu 'Su 'Sotb rate
to reduce expenses, to improve h .ie 18th rate.
IN better the policies, to improve the ot conld
tbat each wear larger proportiona'e a%ou"o % o,,or
be returned to policy-holuers % anu
tionate amount used In eN9ehso' 'a,shursements for
within the last few years our ulsDI u,, ond mark
death claims have been so nS orr improve
SI,, iass an nroporton to Income anu s' V' On i'm
GUY 80 90 atio Of eypenses shown so steagS 90 "u 20
oyements that we thought the tllls u oS the tech
make scientific resuryey, so 10 baye made in
nical features of the ouslhcS9 and drawn on into
,,astigations into our mortality anu HurtolItv The
u|r,ods our experience OF nlol .oLias are
aortaIitv tables upon when our pljonce of 1890
Sounded were taken from the 'th fables taken
oaI Iouhueu comparison Of this WIN Ias shown n
leS4' lrience of other periods mas 'no - ~
@ lIolh ~ ,,nrnvement in mortality III raLe for in
biSrer the result Is really sla'@ins @ rresent table
stance ace TO next birthdas, table 1S96-l9O5
SHOWS $50 Sc a. oge three the hgures ~ ter r Z
tiveIv 40 and 243; age hVe ~ o. rms through the
49, and this improvement I aIso marked
ana ,,Se SiSs tobie u AS to adults there Is ''''
soots convince us that the t,v tsn"n5ed upon
Ihese ~ new, tables Of benehls ore confirmed
TO eonso, eon;ence of 1S96-1sO5 ana We table drawn
our eXpe,ction by the fact th@t experience
IN on. re Years l901-19O5 sho" "a a. seems to us
from the yea he full decade Ana ~ Nynerence Of
than that OF tbese tables upon the mon the i'm
Just 10 pas and 10 give benefits oassu How
white lves' hicb feel certain is pett by few
this upon our tSe
hgures re based with table OF age two next
benefits are pas neaths per thousand, three S2 to
last ten YEAR, reduced 10 S4 as 10 9.5; age
birthday toE nr 2l 8 10 1872; age age thirty
ten to s age tT99 to as The o5se5 III 6ene
1871 to Ill Mortality involved IN you know our
ment besides sia,rse the expense. AZ has been fall
fits is OF nse 10 premium incoSrctIon has been
ratio OF this year the huE by the end
1s and will resGa eent This goa
of the year one and half axnense for 1906
saving of neary lower ratio OF Industrial com
We shall snow SNOW eSxperlenced by any
pany in the element goes into the maturity Of the
tables OF o%ehen % yve made up our W ~ enamoured OF
nOlicieS. Mheh +ba Dubllc Wa