Evening star. [volume] (Washington, D.C.) 1854-1972, 1909-01-19
THE POLICY-HOLDERS

membership. the security OF their policies. SSooo
For protection increased the general funds OF
the company vaues) This increased
the security behind each ultimate policy obligation by
about SAC
All this represents mutual help first Compare
with your other investments and other activities in 1908
Did work during the Was worth
while? Would you like of it done by your
company in 1000? Would almost unlimited of
such carefully effectively done be public benefit?
HOW YOUR WORK IS LIMITED.
But here curious condition conronts YOU. In the
OF your work. alone you advancing For
example 1903 issued about policies and from
you lost 1t sterling fact that
had your ranks 1908 enough members make
good the number that dropped making growth whatever
would have violated the criminal law
of New York Notwithstanding the high character of all
you did in 1908 notwithstanding your willingness and ability
laws of New York such that
company the close the had slow down the busy
wheels or risk committing a msdemeanor
This particular of the insurance laws of New
Yorha been full force years 1t places arbi
trary limitation the legitimate activities of life insurance
Its direct effect your has been the reduction of
plant capable of nsung people plant insurng
less than $500 people year 1t has reduced outstanding
business and reduced the number of families
protected by gild by about
Aside from all questions consttuonaity and the
puenance with which every healthy
legislation curious for New York
York the Empire and boasts of it. 1t has
which, with apres the commercial and financial
the world The of the and the state
filled with the of great and is the record OF
achievements The and the city what they not
because OF their location but chiefly because the of
the and of the city have strongly utilized great opportun
ties.
1t strange logic which mpeled the legislature of such
admitted evils great business could
by limiting volume The legislature of the state
has before applied this doctrine business and IN
judgment the people do not approve such legislation
THE PRESENT STATUS AND FUTURE POSSIBILITIES.
call your attention the general facts contained in the
balance sheet and statement Of income and disbursements at
tahed hereto think you will there read the to the
query that uniformed people often make Why do life In
companies need such accumulatlons Of money!
Our ultimate obligations their face value approach two
thousand million dollars assets for all purposes maet val
ue) about five hundred and ftyseven millions Every dol
lar of those absolutely under clearly defined
program order iqudate liabilities both actual and
tngen Our large because liabilities large
Our liabilities large because doing large work OF
the kind | have described.
understand. of that the time has passed when
life insurance companies will attempt defeat repeal egs
lation by ndirecon by which will not
the approval of the crupuous mind Bad legislation
readily defeat unfair taxation easily abate You
do this by the creation OF public and by direct appeal
o the who represent you in legislation.
Legislation follows what it believes public opinion to be
enough influence public opinion materially
this you have that reliable information wlch will
convince judgment and such information we propose to
hope place before during the coming series
of Plain Talks Pocyholders through the public prints IF
we convince you would kindred question
both personal interest and the public we'll
being.
balance sheet OF your business. Commend
hev deserve either But above ALL observe what
farreachng equitable enduring program sehelp YOU
a parto in the daily work Of the NeN-York Life.
3a4.~.- ~
New York, January II. 1909.