The Brattleboro daily reformer. (Brattleboro, Vt.) 1913-1955, 1921-12-09
INSURANCE CO.'S
LOAN TO FARMERS
Nearly Equal Amount
Loaned to City Home
Builders and Owners
REAL ESTATE LOANS
DOUBLE IN DECADE
Now Hold First Position In Life In
surance Investments Railroad Sc
eurities Hold Second Place - Figures
for Ten Months in 1921.

surance Investments Railroad Sc
eurities Hold Second Place - Figures
for Ten Months IN 1921.
NEW YORK, Dec. Corresponding to
the countrywide demand for additional
shelter and for reduced living costs, the
American life insurance companies dur
ing the first ten months of this year have
loaned $261, 100000 on city and farm real
estate mortgages, according to original
figures submitted to the 18th annual con-
vention of the Association of Life In
surance presidents here today. In pre-
senting these statistics President Asa :
Wing, of the Provident Life & Trust Co,
of Philadelphia, stated that the real
estate mortgage loans of the life COM
panies have been doubled in 10 years, in
creasing from 81 DDS. 100000 at the end
of 1911 to 81, 46S,000,000 on October
31st of the present year. The amount of
farm mortgages is slightly in the lead,
but the new mortgages now being made
indicate the beginning of returning
trend toward the city.
Real Estate Leads.
Real estate mortgages have jumped
from second to first place in the list of
life insurance investments, displacing
railroad securities which led by a large
margin at the beginning of the decade just
closing, said Mr.. Wing Real estate
mortgages now form more than 81 per
cent of the total assets of $1,000, 900, 600
held by the companies to mature the poll
cies Of the American people. Railroad
securities which formed more than 81
per cent, 10 years ago, are now about
26 per cent. The amount of the railroad
securities increased from 81 1888 000. 900
q ~ IL.
Policy loans of SS20,00O,00O rank third
and United States government bonds of
STT2. 10000 are close fourth, being IL 30
per cent of assets. Other investments
include state, county and municipal bonds
and real estate.
Helping Out Cities
Referring to the huge increase In real
estate mortgage loans, President Wing
said much of it had gone to the farmers.
but that there Is now n discernible trend
toward the city again to meet housing
requirmentS. On this point he stated
In order that this convention might
have the lateset data as to the trend of
life insurance investments in mortgage
loans, AZ companies holding more than
% per cents of the assets of American
companies have Just made reports show
ing the total amount of their farm and
city mortgages as of October 81. 1921
Il find that $261. 100000 has been added
in the ten months from December 81.
1920. to October 81, 1921, making a total
of S2.46S 100000 real estate mortgage
loans on October 31St of this year. OF
this total 81. PAT 100000 is on farm pro-
perty and 81 POI 100000 on city pro
lperty. 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 in
surance companies now exceeds the loans
ron city property, the proportion being
J0.53 per cent on farms as against 49.47
per cent on city property.