Ellsworth American. [volume] (Ellsworth, Me.) 1855-current, 1914-01-21
81 TIL ANNUAL REPORT Of
Union Mutual Life Insurance Company


PORTLAN
sought these securities they easily
converted into without loss.
maxim in finance is that whenever a property a
commodity be purchased at below the amount of
money it would cost to produce it, it is
absolutely safe and profitable acquire it that basis,
especially if the operation of the property is public
necessity and has record covering several years
dvidend-earner enjoying high credit with the banks
where its affairs well understood.
Conservative men, capable OF estimating OF rail-
road construction, declare the capitalization
par value Of the outstanding stocks and OF the
Boston Maine, the New York, New Haven & Hartford
and the Maine Central Railroads would be far than
the required replace these properties present
time.
The necessity to the growth
prosperity of New England be questioned After
record of many which these railroads
operating expenses fixed charges, regular dividends and
surplus for permanent improvements is believe
that without notice, dividends have been passed and the
financing of fixed charges accomplished with great diff
Guilty There for this sudden changed
ton which public understand dis
future for this increase of expenses of
earnings will prove attack and will speedily yield
to remedies which in preparation by the present able
executive heads of these corporations.
Taking up other features of the years results, it will
observed that the Premium Income ahead S9O67951
carrying the figures go
come, including interest, dividends from investments
rents etc., advanced to &c. 5Os6 which is 1872 5O27
better than in 1872 Progress consequently appears in
all of the factors within the control of those responsible
for the welfare of the Company while rerogresson is
only in the quoted prices of securities perma
nently held with intention Of sale at such figures.
With passing year, belief in Life Insurance
strengthens, of it steadily broadening
well-new ways appearing in which it renders real
families yet there still
universal acceptance that ought have
persistent and careful in the maintenance
of policies than they should be- both for their well
fare that of those for whom they live To the
disregard good and needed policies is the ncessant
problem of the business around which centers much
and persuasion by Agents So entirely to the dis
advantage of the person insured is the omission to
tnue payment OF premiums that it is difficult to realize
how anyone follow such course but the frequency OF
this practice detrimental though it s-acts with other
natural such DEATH rearding influence
Insurance in Force that substantial factors OF
surrender and termination first have be by the
New insurance added There is therefore, satisfaction in
the knowledge that Insurance in Force the paidfor
basis 1918 1885, represented by
49, s46 Policies Policies
and s1,56 7,1o3 Insurance the previous year.
The first OF Policy whatever the plan be-
ing protection of some home, some business some
cherished pan interest naturally ceners upon wheher
of death claims is handled in way that
contents satisfies those benefcaries that
places money in their hands quickly and with in
convenience, and in this respect the aim always is to
render prompt thorough and efficient service. In the
disbursement of hundred thousand dollars
nuay this way it is recognized that expedition is
of help toward clearing tangled situations,
every made to eliminate all delays ncon
sisten careful business methods. During 1918, 446
Policies Death Claims and in the settlement OF
them 1885, 141 paid, which amount S16,s527S
more than year Those Policies carried
upon lives with the at death nearly Sc
years. The Policyholder who died in 1918 had
years. his Policy having been running As
years. but died the age "a had been insured
carrying Policy nearly so years. The shortest time
that Policy force under which death occurred
II days. being the and wire accident the
Nine Policyholders whose less
B. T. SOWLE, nar