The Republican journal. [volume] (Belfast, Me.) 1829-current, 1914-01-22
GATH ANNUAL REPORT Of
Union Mutual Life Insurance Company
PORTLAND, MAINE

maxim in finance is that whenever property
commodity be purchased at below the amount of
money 1t would cost to construct or produce it, it is abso'
utely safe and profitable to acquire it that basis,
especially if the operation of the property is public
necessity and it has record covering several
dividend Garner, enjoying high credit with the banks
where its affairs are well understood.
Conservative men, capable of estimating costs of rail-
road construction declare that the capitalization at par
value of the outstanding stocks and bonds of the Boston
& Mane the New York, New Haven & Hartford and the
Maine Central Railroads would be far less than the
required to replace these properties at the time
The necessity of these several roads to the growth and
prosperity of New England cannot be questioned After
record of many years in which these railroads have
earned operating expenses, fixed charges, regular dv
dends and surplus for permanent improvements, it is
hard to believe that without notice dividends have been
passed and the financing of fixed charges accomplished
with great difficulty There is for this sudden
changed condition which the public will understand in the
not far distant future for this increase of and
decrease of earnings will prove acute 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
be observed that the Premium Income went ahead $780,
67951 carrying the figures to 81 $50 So and that the
Total Income, including interest," dividend from invest
ments rents etc., advanced to &c. 25O 5O867, which is
$780, 51027 better than in 1912 Progress consequently
responsible for the welfare Of the Company while
PROGRESSION only in the present quoted prices OF
securities permanently held with intention OF sale at
such figures.
With every passing year, belief in Life Insurance
strengthens and the of it steadily broadening
wel-new ways appearing in which it renders real
service to business and to families yet there is still far
from the universal acceptance that ought to have and
less persistent and less careful in the mainten
of fhor no both fhoir
welfare and that of those whom they live To pre-
vent the disregard of good and needed policies is the
ncessan problem of the business around which centers
much argument and persuasion by Agents. So entirely
to the disadvantage of the person insured is the omission
to continue payments of premiums that it is difficult to
realize how anyone follow such course but the fire.
quency of this practice though it isacs,
with other natural causes such as DEATH as re-
tardng influence upon Insurance in Force, that SUBJ
stanta factors of surrender and termination first have
be overcome by the New Insurance added. There is.
therefore, satisfaction in the knowledge that Insurance in
Force the paidfor basis forward in 1913 to $685.
058 1885, represented by Policies and that this
increase of 22O Policies and 03 Insurance the
previous year.
The first purpose of every Policy, whatever the plan,
being protection of home, business or some
cherished pan interest naturally upon whether
the settlement of death claims is handled in way that
contents and satisfies those who benefcares,
places the money their hands quickly and with ncon
venence and in this respect the aim always is to render
prompt thorough and efficient service In the disburse
of several hundred thousand dollars annually in this
way it is recognized that expedition is often of much
help toward clearing tangled situations, and every
deavor is made to eliminate all delays inconsistent with
careful business methods During 1918, 446 Policies be-
Death Claims and in the settlement of them $780,
"a paid, which amount SIG 852 Is than
the year before These Policies we're carried 1888
lives, with the average age at death nearly Sc years.
The Oldest Pocyhoder who died in 1918 had reached 81
years. his Policy having been running 48 years, hut
who died the of "a had been insured than
years. and another at the age of IS had been carrying
his Policy nearly 62 years. The shortest time that
Policy was in force under which death occurred II
days. IS beng the age and live wire accident the
Nine Pocyhoders whose Insurance had been in force less
than year died during 1918, from differing causes.
at ages between rs and 49, and carrying 500 In
surance.
Other payments to Polcyhoders in 1913, in the form
of dividends, surrender values endowmens, etc. reach
1885, making the total returns them for the
year S. 1O5 367 which is "a in of what
so distributed the previous year. and bringing the
payment to Pocyhoders during the years that
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