The Detroit times., 1909-01-21
To the Poiicy-Ho!ders :


don at the close OF that deserve than ordinary
consideration and study Your in the brief tabular
exhibits attached is twood You have the responsibility
and the anxiety OF policy holders you have also wider
interest Commerce than business it is the great
civizer Life insurance is than mutual protecon it
is great social force Let for consider that
aspect of these figures
If considerable portion wealth created yearly by
society could be gathered pro basis invested
reasonable OF interest and then under
and scientific program be turned into cash instantly at
point and applied the relief of human distress long step
would be taken toward the social bettermen OF men, There
would be neither charity confscaton in such plan 1t
would eliminate ambition initiative but would greatly
reduce poverty, ignorance and their familiar fruits
But society organized in that In the struggle
for the weak brutaly driven the wall Prop
e itself always money and saved is frequently
worth less than its full value because not we'll placed
is quickly available
There is nevertheless large section of society
wisely organized than society whoe-a gld OF men and
whose weak tamped whose property
the time of greatest need is always available and is always
money. This is life insurance.
Life is what society would be and it does
what society would do society organized suggested
above If society instead Of life insurance, accomplished
these results might begin hope for speedy realization
of of social ideals But conditions and results
achieved less real and less valuable socially because
they belong call business Life insurance achieves
such results daily with certainty with justice and with large
benefits society
AS policy holder in the New-York Life Insurance Com
pany you part of such plan 1908 and indirectly
you busy producing Just such results every month in
that year
WHAT YOU DID IN 1908.
Consider for moment this Company-and by this Com
pany mean particularly. its memberships at the
beginning 1908 and consider what it has accomplished
within twelve months One ago the Company consisted
of people under about 100000 policies citizens OF
every conceivable country They under definite
and mutual protection They had paid such sums into com
that all their matured obligations had then been
and, January 1908 against ultimate average
obligation of about $4,000 policy there accumulated
$52 The membership under definite contracts
duly provide the difference between the accumulated
and the ultimately due.
What happened during 1902 You directly reached and
relieved benefciare under 5000 policies when their chief
had been taken by death relief went into
40 and territories of the United States and into
"A other countries The total of this relief expressed in
money $22I3 2oo77 But this is only part of the
sent these families not property but money you
reached Immediately and just when need greatest
In doing that really did more You did what no other
organized body of could do those similarly
lied You paid these bene6cares partial equivalent for
the property value of lives cut off prematurely.
Most insurng persons young. They have strength
of body reasonable mental equipment and average
training When they assume the obligations of home
children they effect make contract with society but the
burden Of that contract for time on society They are
themselves their chief asset But the bank will loan money
when life extinct and very little when life
full If that fails these default to society, and
society remedy the ophanage and reformaoy
large portion of the deathcaims of 1908 represented
the salvage OF the really valuable which these fam
lies which by all the ordinary rules of bust
totally lost These payments prevented social
defaults that made the orphanage and the
reformatory unnecessary.
1t is worth while for you policy hoder, to know
thing of the other things which accomplished in the
1908 You paid all your membership, $40 2584o
This total includes deah-clams annuties dividends
ING endowmens maturing deferred dividend policies and
value for sold the Company You loaned
your membership the security OF their policies
$3.50 For your protection. increased the
cof tho (NOCk hu
This increased the security behind each average
ultimate policy obligation by about $40