Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1912-01-17
holders is herewith submitted.

04sSS9MzR holders is herewith submitted
SNZES5yA6SSSIl As in other recent years, sum-
mary of the work accomplished
indicates pronounced advancement in all OF the depart
where financial strength and insurance reliability
essential factors these results having been secured
during period that cannot be said to have been one
OF distinct general prosperity Conditions surrounding
the business OF Lie Insurance are however. gradually
becoming normal, the public attitude toward protection
is again wholly rustful and apprecative. and the
for policies are steadily broadening, though the diff
culties OF procuring and retaining agents under the
limitations OF compensation established by law
what restrict progress
In the department of New Insurance paidfor where
development may really be said start increase
over the previous year OF 287 Policies aud S72I36i
Insurance recorded the total for 1911 beng 1850
Policies. S5242o46 Insurance
In the Home State OF Maine New Insurance paid for
reached $I,o2oo2o3o gain OF $a4o,4ao.5o Insurance
1910, which may reasonably be construed as ndi
eating the confidence and good will OF the people where
this institution has long been established particularly
this advancement is matter OF one year but OF
increases OF varying size arc the common showing
The financial development of the Company has been
along the steady and satisfactory lines OF prog
i'll other years. Although the apprasement
made by Messrs Edmunds Brothers, Bankers Boston,
Mass places the value OF securities upon somewhat
lower level than the close OF 1910 the Assets show
increase OF S8oI,o57.z3 the previous year,
standing the end OF 1911 SI7ozS6453S while the
Surplus advanced S74,9qSo7 being SI,63344446 when
the year closed
The Premium Income Tor the year reached S2.251,-
o27.53 which is $1I.75437 more than was in 1910
Other receipts such interest dividends from invest
ments and rents make larger aggregate, the Total
Income standing at $3o25oo3oo
The purpose of Life Insurance covers so much more
in these days than the protection OF families though
this must always stand as the superative mission
usefulness having also been recently established as
conservator Of business interests. that well be
expected the volume of Insurance in Force will exhibit
reasonable growth year by year. yet the power for good
deeds which rests with the 1870 Policyholders who
have S62Io4245 Insurance, and who compose the Com
pany it stood at the end OF stands beyond the
imagination OF even those who optiuistcally in
clined Every contract represents definite thought
for the betterment OF humanity certain be fulfilled
at some undetermined date necessating only the reg
uar payment of premiums for its ultimate consum-
nation
The uncommon feature about Life Insurance the
one factor which distinguishes from other undertake
ings in which participate. is the fact that its ma
turity is inevitable. It constructs from the greatest
uncertainty the dependable certainty. While
much is exercised in the selection OF risks and
small percentage of those who apply for policies arc
necessarily cassed ineligible still every year gives
abundant illustration of the urgent need OF insurance
protection In 1911 467 Death Claims were settled
representing S7S4,8I3I4 Insurance This sum is $50
3o9o3 larger than the paid 1910 and due
IN great to the fact that there an unusual
number OF deaths in the latter part OF the previous
year. the settlement of the most OF winch necessarily
went into 1911, Prompt consideration and paw
ment is made feature whenever circumstances per
mt, both good business procedure and in recog-
milton OF the imperative need of money at such times
Other returns to Policyholders in the form OF div