The Republican journal. [volume] (Belfast, Me.) 1829-current, 1916-01-27

amount that would be received at DEATH destroying
as frequently happens the validity of the Policy alto
getner unless future payments are promptly made and
In any event. adding tax, over and above the regu ar
premium, in the form of interest the loan, be paid
annually. Like mortgages upon homes loans upon
Policies are of advantage many times and serve usefu
purposes but the tendency to divert them into chan
nes of trivial necessity, and to look upon incidental
privilege right that ought to be exercised in order
to participate in all the benefits that go with being in
sured, is most injudicous.
In every case where a loan is made the management
brings to the attention of the borrower the Importance
of reuayng the amount rapidly possible in order
to restore the full protection for beneciaries
avoid paying interest in addition premiums, and
makes it clear that partial payments, matter how
small will be accepted on account, incentive to
easy repayment, yet the amount of loans policies
repaid during 1915 only $46 l9O57. The manage
ment takes this occasion to reiterate the exceeding
portance of paying off loans, but before ALL urges that
Pocyholders be extremely cautious about mortgagng
the protection which they have assumed for those who
no doubt need it all.
Wherever such action could be had without retarding
the progress of the Company reductions in expenses
have been made during the year, and the dividends
be paid in 1916 will be increased basis over the
payments of 1915
The Union Mutual writes foreign business other
than in Canada, and far known, but six Policy
holders in our Company have lost their lives in
ouence of service connected with the present war,
while ten Poicyhoders have died during the year
result of automobile accidents.
At the present time the Union Mutual is transacting
business in Arizona, California, Canada, Colorado,
Delaware District of Columbia Idaho, Illinois, Indi-
ana, Iowa, Kansas, Kentucky Maine, Massachusetts,,
Michigan, Missouri, Nebraska, New Hampshire, New
jersey Nevada, New Mexico. New York, OHIO, Ore
gon Pennsylvania Rhode Island Utah, Vermont, Vir-
ginia Washington, West Virginia and Wyoming.
The conservative announcement made in the
preceding Report that the policy of the Finance Com
mittee will be to invest the funds of the Company
chiefly in bonds issued by the States, Counties and
Municipalities in which Policyholders live, and this
policy will be continued Since October l. 1914 the
more than Two Million Dollars of bonds of the highest
grade have been purchased or acquired by exchange
for other securities.
The Directors and Officers take this occasion to ex-
press their appreciation of the loyal and unremlttng
services of the Companys representatives IN the held
and employees in the Home Office, which always con
tribute materially to the strength and prosperity OF
the Company.
Though the great continues. with the end as yet
unforeseen, the management enters the New ear
with determination to secure our Company share OF
the increasing insurance business which there Is reason
to believe will be done, particularly If the present ex-
tending prosperity is uninterrupted
Respectfully submitted,
ARTHUR L. BATES, President.
Portland Maine January Is, 1916.