Burlington weekly free press. [volume] (Burlington, Vt.) 1866-1928, 1909-01-07
President DeBoer Declares 1908
the Companys Most Pros
porous Year.
ISSUES STRONG STATEMEE T
Expenses HIVE Been Reduced, Nor
tniity wnS Very Favorable md
Earnings from Investment tho
IarErat of 20 Tcnrs-S3,24s.-
Oo0.37 Addc d to Assets.

Montpelier, Jan. 5..-The National Life
Insurance company to-day issued its hetn
annual statement. declared by its presi-
dent TO represent the most prosperous
year in its entire history. Expense.
have been reduced the mortality was
very favorable and the earning from
Investment was the largest Of any year
Insurance outstanding amounts to ti5i
1883. The Insurance issued and paid
for during 1905 equaled Sls,15a 92l. During
the past year the company's income from
premiums was s, 32S Cos 49, from intercst
and rents, 81 sis SO 10; from annuitios.
SAG. +53.4S: from other sources, ST.. fc1 oc.
a total Of $3.50 5ss. "a, Of which 81. 24S 600 -
waA snved and added to the permanent
invested assets for polcyholders' use
PROTECTIVE SERVICE.
There was paid TO policy holders d,r.
ing 1908 tbs sum of s3.f774S o.. OF wilt
the detail Is as follows Claims By dcat
s1.4SA5S7.3s: dividends. tn SnS.14; ANN
ties. scS5, $3.50; natured ondowmcnt.
$50. 70; cash surrender values. SOS
1881 In addition 20 what prccedes. ti-
company loaned to tie members on ~,
collateral Of their policies 81 SIS. 300 Il
bringing thu total Of such loans outstnoa
INK UP to s.. 47t.o19.47 In conncctlcn with
liberal system Of reservations. increa.c
and exchange OF policies tho compa
handled transactions FOR its mom'
during tho past year amounting to 81
$50 Al
SOLID INVESTMENTS.
Gross assets on December 81 1905
amounted to s44. o33 9s5.O, OF which the
main items are bonds (enttrcly of the
federal state county and municipal
character) Ss41S.c1124: mortgage loe rs
(qrst liens) ST. 4o1 s51 s.: loans 70 policy
holders. including premium notes, 81,
1ne.741.7s: and cash. sl,12N.7l4Ga The COM
pany has no Investments In collateral
loans. stocks, railroad securities or
corporation bonds of any kind, limiting
its Investments strictly to municipal
bonds and mortgages. outside Of It's
office buildings in Montnelier and POS
ION, which are listed together at $3.50 oH0
II owns but s2oc. 200 Of real estate. which
Is probably the smallest holding Of that
nature by any life insurance company
81 any size IN the United States. The
vigorous and healthy character of its
assets are indicated in report by the fact
that not a dollar Of due interest re-
,,o,,od ,,,no;, 80, ,ho or,,ro ho,s,,o -,
ho,a o,a or, .A,os ~ d,,o irtoros+ 70.
r,,,roa ,,n.td ~ r,or,,oco account
CONSERVATIVE! ACCOUNTING.
The total liabilities Of tho company,
Including insurance, annuity, extra and
trust fund reserves and all other items
on account Of DOlicV holder amount TO
>,o mo -oe ca 49,, g.; o17i.ta,, =. ,h,,
-. -. ,.o,,. ,,o,,,,o. l., GO,
s,aton.r. ~ liohu,tins uficb o-o oil
co,,cu,oa ON uorlo+ ,.ol,,oe ana ru,,
,,o.,,, o.o.,n, 49, r,,r, 81 ou
d,,Ld,,s, rovoh,o g., ION ro,,n,,. s59s
nnm avn a,so con -o1 ,. ,cr-esort,rg oil,
o,nor accrued mr. duo ,lohu,.v IN +b,e
Into o,,ouN &c ircIraad +avas no,ab,o
~, .be cor,nar,, dur,nt .ha c,irront veor
rar,oI,, .,Ao1o,-9 Tho cto+e &C Tho com
NAVY, 70 thor.ro-o r,ada roculiarl,. e+rono
IN thu, all calcuIatior1 81 asset values
,re made or q market bas,s while ,olicv
rese,ves oorn,v with e,,erv known lngo1
reou,rerocnt IN tho I-n,ted stn+cs and nt
Tho sone time Na11,I,tv account is charged
with all known due md accrued items.
Including all taxes and all diviaends
payable In ian This differs from a
practice which Is quite common and
which treeta taxee as current dishurso-
nent and dividends az an item to No
earned either as whole or IN part.
after the date Of their declaration. whom
IN fact they nre already n lien upOn tho
assets Of company.
c,rr-r >-,rr., c,>,s
The company made the following gains
in growth and strength during 1903, o
year OF peculiar competition and change
In State laws throughout the business
world. In insurance outstanding the
gain was s2,36S."O; in gross asset3, 3d.
IN Ao,.rr.d srrr,us irs,rorco soeo o,o. IN
general surplus sd"'"" pracucally an
increase or ~" per cent "h'le Inc num-
Der OF polic'es was advanced TO '9'3'i on
palo-ior OASIS ana 70 sO'lol on an issued
OASIS the ne" issues pc'ng represented
py elSo pohc'es ana SlS''4i'2z''N OF In
surance' Ihese hgures SIGNIFY that the
company earned over ana above us ac'n-
ARIA. assumptions surplus OF over WV
W" per month ana thet IL dlSposeS OF
SAID earnings py increasing the tota
dlVioendS &c be pald IN W." by over lpJ