Year: 1872

thus showing the smallest amount returned for
premium paid, and that even upon the policy which
has been but one year in force by far the most ex-
pensve whereas the greatest reduction in the pro-
posed new scale OF rates Is less than twenty-tw
per cent.


There can therefore, be no doubt OF the safety OF
policies to take care or themselves, TO pay their
own way, and accumulate q surplus.


IL will be apparent from an examination OF the
foregoing table, that II the premiums upon those
thirty policies had been made twenty-five per cent
less than they were, by diminishing the percent
age addition for expenses the result would have
peen that the policy holders would have retained
the cifference in their own pockets. The compa-
ny would have been just as sound, for. as will be
seen by the facts above stated, it would have held
the same proper reserves on each policy, but
the dividends or over payments would have been


without disturbing any old policies, It is now pro-
posed TO put in force new table OF rates for new
made in the percentage for expenses other than
death claims reducing II from forty per cent to ten
per cent. Upon whole life policies the effect is to
reduce the premiums twcnty-one and fOur-tenths
per cent. Upon other classes OF policies the rcduc-
tion is not SO great. No change other than re-
duction In the provision Tor working expenses is
proposed or made


When the computations for dividend are made
each premium will receive the precise surplus
which 1t earns The low premium Will receive q
comparatively small dividend, because 1t will have
earned less. The high premium will receive its
fore, and It's dividend, far from being diminished
will be enhanced by the introduction Of newly Sc
lcctcd ana younger lives


Should any OF our old or present policy-holders,
having policies capable Of being surrendered, wish
TO take advantage OF the new and lowered rates.
in sucn case as they will make new contract with
the company, they will, on surrenderfng their old
policies, receive from the company their surrender
value in cash. As matter OF information IT may
be stated that policies five years old or less the
exchange thus erected Will be OF some slight gain
20 the holder. On older policies there would be no
gain.


The company has made ample provision for the
fuflment OF every one OF It's outstanding con-
new members its fund would be sufficient to pay
every death claim, as presented, and to return
yearly to policy holders surplus Its assets
would in the course or q few yea. 8, begin to de-
the last legitimate demand. The surplus accruing
under such circumstances, however. would neces-
sarily be considerably less than II its new business
were continued. New lives, In youth and health,
admitted to the company, bring reduction in the
proportionate average losses by death. Present
members will shortly have the same advantage In
their turn and meantime will receive their insur-
ance at fair and safe rates, while the company Is
entirely mutual in its operations, and both new
and old members must mutually beneht each
other.


II is no less the interest than the duty OF the
trustees oil the company TO take care that no plan
OF change shall now, or at any time, be adopted
which would in the least Interfere with the rights
the safety or the advantages Of the old polcy-hod
ers, as they and their friends are themselves IN
cluoed among the number.


The faith OF the policy -hOlders In the soundness
OF the company and the conservative and careful
management OF its Trustees ought not, therefore,
10 be shaken by the attacks which are made upon
II by interested and INSCRIPTIONS persons who are
envious or its position and great acknowledged
success. II. =. WINSTON. PrcStdcut.


w. II. &. BARTLETT, Actuary.