Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1916-01-19

on policies repaid during 1915 was only $46.-
1s0.57. The management takes this occasion to
reiterate the exceeding importance OF paying on
loans but before ALL urges that Policyholders
be extremely cautious about mortgaging 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, reduc-
tions in expenses have been made during the
year, and the dividends to be paid in 1916 will
be increased basis over the payments OF
1915.
The Union Mutual writes no foreign business
other than in Canada, and, so far as is known,
but six Polcyholders in our Company nave lost
their lives in consequence of service connected
with the present war, while ten policyhoders
have died during the year result of auto
mobile accidents.
At the present time the Union Mutual is
transacting business in Arizona, California,
Canada, Colorado Delaware, District of Column
bia, Idaho Illinois, Indiana, Iowa, Kansas, Ken
lucky Maine, Massachusetts,, Michigan, Mis-
souri, Nebraska, New Hampshire, New Jersey,
Nevada New Mexico New York. Ohio. Oregon,
Pennsylvania, Rhode Island Utah. Vermont,
Virginia, Washington, West Virginia and wy
oming
The conservative announcement was made in
the preceding Report that the policy of the
Finance Committee will be to invest the funds
of the Company chiefly in bonds issued by the
States, Counties and Municipalities in which
Policyhoders live, and this policy will be con-
tnued. Since October /, 1914, the date of the
inauguration of the present management, more
than Two Million Dollars of bonds OF the high
est grade have been purchased or acquired by
exchange for other securities.
The Directors and Officers take this occasion
to express their appreciation Of the loyal and
unremitting services of the Company's repre-
sentat ives in the field, and employees in the
Home Office which always contribute SO mate
rally to the strength and prosperity of the
Company.
Though the great wa continues, with the
end as yet unforeseen, the management enters
the New Year with determination to secure
our Company's share of the increasing insurance
business which there is reason to believe will
be done, particularly if the present extending
prosperity is uninterrupted
Respectfully submitted.
ARTHUR L. BATES.
President
Portland, Maine January IS, 1916.
Portland Maine, January 4, 1916.
The nd haye this AK % t5s
Deposit and Trust Company. and find them as stated
n the schedule.
AR FINK L lA RAGES T,d prf Prssiasn.
H E$%%zzff + + SNSSSSE2w.
WESTON LEWIS,
FRANK f. ALLEN,
VIM. T. COBB,
GEO. f. WEST,
Finance Committee and Directors.
- Portland, Maine January 4, 1915.
have this day compared the Schedule of Assets
or the year ending December thirty-irst, nineteen
undred and fifteen. found by the Finance Com
nittee in the vaults of the Union Safe Deposit and
Trust Company, their examination made today,
nd find that they correspond with the books of the
Company.
EDWARD B. WINSLOW.
Portland Maine, January 6, 1916.
This will certify that have this day examined the
Securities of the UNION MUTUAL LIFE INSUR-
ANCE COM PANY for the year ending December
hirty-frst, nineteen hundred and fifteen. in the
,auls Of the Union Safe Deposit and Trust Company
md find them stated in the Schedule.
E. J. CARTER,
Insurance Commissioner of Maine.