Evening star. [volume] (Washington, D.C.) 1854-1972, 1909-01-19
$40 Broadway, New York.
SlXTY-FOURTH ANNUAL REPORT
To the Policy-h holders F.:

To Poicy-ho "
The work OF during 1908 and its condition at
the that deserve than ordinary consideration
study. Your the brief tabular exhibits attached
wofold You have the responsibility and the anxiety of policy
holders YOU have also wider interest Commerce than
the great civilzer. Life insurance than
mutual protection; great social force Let for
consider that aspect of these figures.
considerable portion of the wealth created yearly by
ce could be gathered basis invested to
reasonable and then under exact and scen
c be turned into cash instantly at prot and ap
piled the Distress long would be taken
toward the social bettemen of There would be neither
charity conhcation in such plan 1t would eliminate
would greatly reduce poverty
and their familiar fruits.
But society is organized in that In the struggle
brutaly driven the wall. Property
always money money saved is frequently worth
than full value, because it we'll placed not
quickly available
is nevertheless large section OF society wisely
organized than society whoea gid of and women
whose weak not trapled whose property at the
always available and always
This is life insurance
Life insurance society would be and does what
society would do society organized suggested above
If society," instead of life insurance accomplished these results
might begin hope speedy realization Of of
social ideals But conditions and results achieved are no less real
valuable socially because they belong what
Life achieves such results daily with
with justice and with large benefits to society
policy holder in the New York Life Insurance Company
YOU were part plan 1908 and indirectly
producing just such results month IN that year
WHAT YOU DID IN 1908
Consider for moment this company-and by this
panv mean primarily, its memberships at the begin
ming 1908 and consider what has accomplished within twelve
One year the consisted of people insured
10000 policies citizens of considerable
try They definite with each other which
called cooperation and mutual protection They
had paid fund that all their matured
obligations had then been met and January 1908 against
an average obligation of about $4,000 policy there
accumulated about S25 The membership was under def
duly provide the difference between the sums
accumulated and the ultimately due
What happened during 1902 You directly reached and
eved the benehcae under policies when their chief
had been taken by DEATH relief went into the
46 states of United States and into other
countries. The total of this relief expressed
S22312oo7 But that only of the You sent
these families property but you reached them inn
meday and when need greatest In doing that you
really did You did what other organized body of
except those similarly organized You paid to these
partial equivalent for the property value of lives
off prematurey.
Most insurng persons young. They have strength of
BODY mental equipment and training
When they the obligations of home and children they
effect make with society but the burden of that
tract for society. They themselves their chief
asset But bank will loan money that asset when life
is extinct very little when life at its full that asset
fails these default society," and society has remedy
except the orphanage and the reformatory.
large portion Of the death claims of 1908 represented the
salvage really valuable which these families had
"a resource which, by all the ordinary rules of business
totally lost These payments prevented social defaults and to
that made the orphanage and the eormaory unneces
It is worth while for you policy holders
thing other things which accomplished in the
1908 You paid all your membership, $40 IoI $3.50
This total includes deahcams annues dividends maturing
maturing deferred dividend policies and surrender
value for sold the company. You loaned to