The Brunswick news., 1921-12-10
REAL ESTATE LOANS.

! Insurance Presidents.
Speaking on "a Decade of Life In
surance Investments" Asa S. Wing,
president Of the Progitlentisls Life and
| Trust Company of Phiiadelbhias stated
that the real estate mortgage loans Of
the life companies haye doubled in
ten years, increasing from 1,22S;000'-
900 at the end of 1911 to $2,46S, ,OOO, 900
on October 81, Of this year. q
Investments in railroads Securities
were $1,383, 100000 at the end of 1911
as against $1,793, 100000 at the end of
1920 Real estate mortgage loans
| form more thans32 per cent of the to-
tai assets of the companies now, while
railroad securities, which formed
more than 35 per cent 10 years ago,
have dropped to rs per cent. Policy
| loans of $4,000 900 rank third and
United States government bonds of
|. $722, 900, 900 are close fourth, being
| 11.30 per cent of the assets. Other in
vestments include state, county and
municipal bonds and real estate. The
total assets of the companies are. In
excess Of $7,SOO,OOO,OCO.
Referring tot he huge increase in
real estate mortgage loans, President
Wing said much Of it had gone to the
farmers, but that there is now a dis
cernible trend toward the city again
to meet housing requirements. On
I.this point he said:
/ 'sIn order that this convention might
have the latest data as to the trend of
life insurance investments in mort
gage loans, AZ companies holding more
than SO per cent of the assets of Amer
ican companies have just made re-
ports showing the total amount of
Ethelr farm and city mortgages as Of
october 81, 1921.
Il find that $261, 800, 900 has been
added in the ten months from Decem-
Der 81, 1920, tc October 81, 1921, MAX
ing a total Of $2,46S,60O real estate
mortgage loans on October 81 of this
year. OF this total, $1,247, 10000 is on
farm property and $1,221, 100000 on
city property. Therefore, for the first
time in many years If not for the
first time in the history Of the country
the total amount Of farm loans held by
life insurance companies now exceeds
the loans on city property, the proper
tlcn being 50.5S per cent loans on
farms as against 49.47 per cent on city
property.
"of the increase Of 2e1.900.O00 IN
mortgage loans during the first ten
months of this year, $161 300 900 is in
farm mortgages and $1OO,6OO.OOO in
city mortgages. The increase in farm
mortgages Is greater in amount than
the increases in the city mortgages
during these ten months. as was tie
case in 1920, but there is still the same
tendency that | previously pointed
out, namely, to increase the r"opof.
ton of loans on city. property as com
pared with farms.
This trend OF investments toward
the city has been strongly manifested
since 1919 and can be shown mosl
clearly by the proportion of new mon
ey going into each class of mortgages
during the last few years. Please
note, during 1918 an 1919, that 40;
per cent OF all the net increase II
I,loans was on farm property and y q
per cent ON city property. In ir20
the proportion of money invested II
farm loans dropped to 6S.7S per cent
while the city loans increased to }s.S.
per cent
During the first ten months of 1921
the same tendency has continued anC
the proportion of farm loans has drop
pad to 6l.69 per cent, while on cItl
property has Increased TO ss.4l PEI
cent. with iustihahle pride. speaking
at an insurance gathering | can poht
60 tbs investment OF life Insurance.
funds where the greatest need OF III,
nation has called. During the last 81,
wears II was vital for this nation. 70
itself and the part II was playing, the
sur agriculture should be stimulate
% highest productivity. That th
companies met this condition Is show
N the pereentage of agricultural loans
There Is ak the moment another IN
perative demaud that sfs eonstruC
ION catching up with deferred bull,
'ng in cur cities The national tel
lency AZ insurance company fsve-
aents TO meet imperativ e,iustthahl
demands is made equally clear IN tn
ow percepthle trvnaH6ikard cit
4 cams again.
= Another striking eReSS0f Tbs recsi
&. world war on life Insurance inves
nj nonts IS shown in their holdisys
- nitea States bonds. ON this Ion
Nr. Wing said.
:, ~ ne end of 1911, before the
., aeaas were listed as 4 separate itel