Payette enterprise. (Payette, Canyon Co., Idaho) 1909-1935, 1909-11-04
A new MERGER
IS ANNOUNCED
Idaho Mutual Consolidates with
Northwestern Mutual Max
ing Strong Company.

NA-~AA1e~~NNN%~
importance to the property owners Of
the State of Idaho is a consolidation
of the Idaho Mutual of Boise and the
Northwestern Mutual of Seattle.
The Idaho Mutual has been in busi-
ness about seven years and has borne
an enviable reputation for the pompt
and equitable settlement of losses. Its
competition has been a very stron
factor in forcing the stock companies
to lower their rates. The rates in
this state now average fully one-third
less on ali classes of property accept
ed by the mutual companies than
they did before the competition OF
this mutual company was experienced
This consolidation simply strength
ems the position of mutual insurance,
and we will give the property owners
of Idaho the benefit of the lower sx-
pense ratio and, consequently, allow
er cost on their insurance.
The Northwestern Mutual is the
strongest mutual company west of
Chicago and has always made remark
able returns to its policy holders. On
its annual payment dwelling and farm
policies it is actually returning an an=
nuaI cash dividend of 55 per cent
from the annual Board rates, and in
addition to paying these cash diyi-
dends its report of September Both
shows that it has aeeumulateds cash
and securities to the amount ef3226.-
OS1.08, or four times the amount nec-
essary to carry its policies to expira-
ton based on its past eight years ex-
perience. These accumulations are
owned entirely by its policy holders,
and thus gives them security of four
times the needed amount. While the
company issues a participating poll
cy its policies are absolutely non-as-
sessable.
Mr.. Armstrong, when seen this
morning said:
"After spending three weeks inves-
tigating the condition of the North
western Mutual l feel very much gras
flied at the consolidation effected. IT
will enable us to very materially re-
duce expenses and give us. the back
ing of the strongest and most sue
cessful mutual company west of Chi
cago. By this consolidation we have
rendered our policy holders bet
ter service than would be possible
otherwise to do"
Mr.. w. NJ. Briggs, President OF
the Idaho Mutual, said:
1.-THE consolidation effected was on
ly. made after the most careful and
thorough investigation. We sent our
man to Seattle to thoroughly investi-
gate the company with which we are
consolidating, and after the thorough
and complete investigation every of
ficer and director of the Idaho Mutual
is enthusiastic over the opportunity
that this consolidation gives us. In
no other way could we place our pol
icy holders on an equal basis with
the policy holders of the Northwest
ern Mutual Fire Association who
have the protection of such strong
cash resources and are receiving
such large dividends and with which
small company working alone can
not compete.
Unde our contract with the North
western Mutual Fire Association your
present policy will be guaranteed by
it to date of expiration. By this con-
solidation we are thus giving you the
additional protection of their large
cash resources without extra cost to
you, which we are sure will meet
with your hearty approval and appre-
citation. We shall hope to have your
continued cooperation toward the
upbuilding of the mutual insurance in
this state.
Thanking you for your cooperation
in the past, and hoping to be of still
further service to you, we remain,
Yours Truly,
w. NJ. BRIGGS, President.
FL. ARMSTRONG, Secretary
Wells & Maule will represent botf
companies in Payette and vicinity.
RECEIVED AWARD
OF SILVER MEDAL
Supt. J. E. Turner received the
first of this week official notice from
the judges of the Alaska-Yukon Pa
cific Exposition notifying him thai
the exhibit sent to the exposition BY
the Payette Public Schools had been
awarded a silver medal. This is graf
/ flying news to all patrons of the
school as it says beyond measurt
that the work of the pupils is of a
high order
New pack mackerel at the Enter
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