Arizona republican., 1914-03-27
THE MUTUAL LIFE
 DURING LAST YEAR

The first policies of the Mutual Life of New York were issued T years ago on the first of February, 1S43. This was before any other ex- isting American company had begun business, and entities The Mutual Life to be termed the Oldest Life Insurance Company in America"
 In 1913 the company paid to policy holders and their beneficaries, in death claims, matured endowments, dividends, etc, the sum of s63, 757,- 992.51. This was nearly a million and quarter dollars for every week in the year (s1,226, ,11524, and amounted to s211,119.1S for every working day (3O2). The total pay ments to policy holders during the year exceeded the sum paid in 1912 by $2,792, ,503.55, and exceeded the amount received directly from policy holders by more than five million dollars (s5,271,66643).
 The payments to policy holders in 1913 included cash dividends to the amount of $17201, ,7SO.49, while for dividends payable in 1914, the com pany has appropriated the extraordi- nary sum of s1S,O78,540.SS. These figures establish new world 1ec- ord for dividends, or refunds, to pol icyholders, representing savings ef- fected through rigid economy and ef- appropriated for dividends in 1914 is y per cent of the premium income Of the last year.
 In 1913, the new insurance paid fer, including restorations. dividend additions, etc, amounted to S165.- 124,377, an increase over the previous year of $S.056.554
 The total insurance in force at the end Of 1913 was $l,59S,466,07S, a net gain of $4757S,015.
 The real estate holdings of the company (book value) at the close Of 1913 amounted to s23,54S.626.96. or less than 4 per cent of the compa- ny's admitted assets.
 The funds of the company are kent closely invested. The cash on hand at the end of 1913 was only s2245.- z73.23, or about the average income of the company for a week and q half. Of the cash on hand. all hut $S45'o3l.2l was deposited at interest.
 Although the Mutual Life has been issuing policies for Il years. the last policy of its fiscal year terminated bv inc death of the insured, MT. George L. Newman of Charlottesville Vir- ginia, on the 11th of October. 1913 in his 9Sth year. The American Ex- perience table of mortality assumes that of 100000 persons, each 10 years of age, only will live to attain an age of g5, and that these three will die before attaining the age of 96 nevertheless, of the, 470 persons in sured by the Mutual Life in it's first 1lscal year, two lived beyond the age Of 96-George L. Newman, referred to above, and the late Charles H. Booth. | who died in 1904 at the age of 1Ol.
 In the case of George L. Newman. we have the only instance of the payment by a policy holder in any American company of 70 consecutive l annual premiums. These 70 annual | premiums aggregated $2,352 on a pol 1 icy which was' originally for s15OO. l The accumulation of dividend addi | tions through 70 years, however. made the policy worth as a death | claim $5,762.56, or almost four times it's original amount.
 The Record of 71 Years
 Since itbegan business in 1843. the Mutual Life Insurance Company of New York has paid to policy hold CTS. $1,130,244, 14745; has accumulated for policy holders, s6O4, ,546, ,525.S6; to- tal benefits to policy holders aggre-