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About Omaha daily bee. (Omaha [Neb.]) 187?-1922 | View Entire Issue (Jan. 19, 1902)
8 THESUPREHACY OF IRE WEST Exempllfiod in ihi Successful Growth f a Nebraska Life Company. REMARKABLE RECORD OF THE PAST YEAR ItiuikcrN llcscrvc l.lfo Lends Annual Ileiinrt of President II. II. Itolilson 4o Ofllecrn, Director nml Poller Holders, Jnminrr IB, 1002. Tho Twentieth century dawned on a prosperous nation. Tho first two years have been rcploto with events having a mighty Influenco on tho people of tho whole orld. Tho achievements of tho nrmy and invy, victorious on land and sea, have placed America's flag and prowcee: first among tho nations. It carries civilization and liberty to the Islands of tho Atlantic and Pacific oceans, tho brood highways for tho commerce of tho world. It stands for theso principles on tho walls of I'okln, linn stayed the al lied armies from partitioning tho ancient dynasty, has steadied the tottering throne, linn maintained Its Imperial emperor In possession of his royal scepter. It stands for tho Integrity, maintenance and honor of tho ancient civilization while holding out tho lamp of liberty, emblem of tho newer higher civilization. It has been decreed by tho nation speak ing through Its congress that tho red hand of anarchy shall not llvo In this land of tho free, It shall nuvcr again strike down a ruler, or cntiso tho world to mourn a McKlnlcy, n beloved soldier, citizen, states man and president. Tho ovolutlon has changed tho map of tho world, him expanded tho Influonco, trade and commerco of tho United States, giving It first rank In these Important elements, llkowlso In diplomacy and In tho congress of tho nations. involution In Iluslnesa Methods. A revolution In biwtncss methods equally Important has taken placo during tho past two years, that linn been tho outgrowth of tho changed conditions In other things. Tho great west with its wealth ot lands, minerals, corcals, llvo afock, healthful cli mate, combined Is destined to become the Btorehouso to feed and supply half the pooplo of two continents, while support Ing a vast population ot I to own. The shrewd capitalists controlling tho great railway and navigation systems, tho com mercial arteries ot tho west, aro keenly allvo to tho situation, aro taking time by tho forelock in anticipation of tho ex pansion already apparent In everything. Tho atmoBphcro roverberatca with tho sound ot billions whoro millions were formerly spoken or chronlclod In the press, Wentcrii Possibilities Great. Who can estimate tho vast possibili ties of the great nst, already called to supply half tho population ot tho world through tho open door to China on the west; tho everlasting mlnoral regions ot Alaska on tho north; Moxlco and Central America on the south; tho republics of South America through tho Nicaragua canal; tho open door already assured to this vast continent. President Roosevelt In his message to tho congress has given his In llucnco and recommendation to Irrigation and ether measuros equally Important and well known to him. The StrnitKle for Nnpreinncy. A brief mention ot theso living subjects leads to othor topics, equally Important to our pcoplo and section. Tho keen struggle for supremacy In trndo, business, politics and society make necessary a strenuous lifo with higher education In every line, facilities for which are provided In our splendid freo school system, the bulwark of our civil and religious liberty. The higher education means a keener ctvt llzatlon, an advanced cost for living, tht, logical result being tho gradual amassing of tho wealth ot the people in the control of capitalists or In the custody of fiduciary Institutions, first and foremost being life Insurance companies, that receive, hold, In vest and distribute to the policy holder tho savings entrusted to them exactly In proportion to the deposit, whother the small premium of tho wage earner on hi thousand dollar Insuranco or tho capitalist who protects his estato and family with a million-dollar policy, Western Life Savings. The necessity for strong llfo and flro In surance companies in the west is rocog nlzcd by everyone. No one would think of sending the dally hank deposit of this Bee tlon to eastern banks or cities. It is equally disastrous to our commercial Interests to send the peoples' savings from each west em stato ot from $1,000,000 to $3,000,000 annually to tho money congested centers of tho east, never to return, not one dollar of which Is available to western banks or policy holders In time of financial dls tress or panic. The subject should have the careful thought ot western people. Bankers .may woll pauso and consider' the effect of send ing east every ten years in withdrawals for llfo insurance premiums, an amount exceeding the combined banking capital of each western state. The sum lent from Ne braska banks to a few eastern life com panles from 1890 to 1900 exceeds $15,000,000, in excess oi mo moneys returneu 10 west ern policy holders by these companies. Onlarrowth of n Necessity. Tho Bankers Rcservo Life association was founded by well known Insurance and busi ness men, who have lived in tho west from quarter to a third of a century, who have mado a careful study of the resources and possibilities of this vast section, who aro a part of Its history, whoso Interests aro entirely in tho west, whoso children havo been born on its soil and cducatod In Its schools, who havo an abiding faith In tho loyalty of tho pcoplo ot tho west, who will always rely on Its citizens to bo loyal to tho institutions that safeguard their In terests. Tho splendid results already achlovcd are briefly enumerated In the following sum mary: Income for 11)01. The premium Incomo ot $111,311.72 shows an Increase of $40,846.21, bolng 38 per cent moro than that of tho provlous year. Tho Incomo from other scourccs, In addition to premiums, Including cash received from provlous .year, makes a total of $135,947.41. A Low Tlenth Ilntc. Tho death claims wero four, amounting to $10,500, of which $5,750 was reimbursed by reinsurance from other companies, leav ing not death losses sustained $1,750, tho lowest mortality record of any American company all death claims being paid Im mediately on tho receipt of final proofs, and othor obligations or bills wero promptly paid on presentation. Tho records show not a single obligation unpaid or duo. Selected Illak nml Ilelnsnrnnce. The company's risks aro well distributed and carefully selected. No policies aro written on any one. lifo for moro than $5,000 and In all Instances whero tho policy writ ton Is for more than $2,000, tho excess above that sum, also half ot tho risk on every $2,500 policy, Is Immediately reinsured. The total reinsurance now In forco exceeds $1,- 777,000, making a double (insurance, for tho policy holder and an effective nBeot to that amount for tho company. Sew Ilnslness Secured In IHOl. Tho record of new business written on tho lives of the leading citizens ot tho stato Is not equaled by any other company operating In tho west, as will be observed by a comparison of tho following exhibit: Applications written In 1901: No. Amount, Insurance aDDlled for C76 11.893.500 ADDllcatlons rclccted. reduced. Buapcnuca or incomplete vj rsz,ow Applications approved 627 $1,766,000 Policies In force: Policies Issued and revived.... 627 $1,766,000 Policies of provlous year 657 2,131,500 Policies at risk during year 1.284 83.897.500 Policies terminated by death, lapse or overdue, premiums., isi ifs.ouu Policies In force December 31, 1901 1,145 $3,421,000 Compared with Older Companies. We invite your attention to tho ancient history of the following well known com panics; tho comparison will make Interest Ing reading to every loyal citizen ot tho stato. Mutual Llfo of New York (outstanding Insurance): Number Yenr. Premiums. Policies. Amount. Firm 137.943 400 $1,480,718 Second 83.233 908 2,960,083 Knultnnln Ilfo of Now x one: First 22.707 268 1,144,000 Second 65.547 769 2.641,500 Third 85.332 1,185 3,tiiU,UW Now Vnrlt i.irn nr New IorK First 22.603 369 799,000 Second 41.746 793 1,846,000 Third 69,427 1,271 2.831.000 Northwestern Mutual Llfo of Wisconsin: Second 12,623 137 408,800 Third 26,018 414 962,100 Ifnlirlh 44.511 785 1.M4.UW Fifth 68.484 1.581 2,370,650 Sixth 97,929 2,285 3,076,150 Nntlonnl Life of Vermont: Fourteenth 66,807 1,383 2.242.51? Fifteenth 82.991 1.71R 2.763.1176 Sixteenth 110,851 2.025 3.445,757 Bankers Heserve l.lfe Association Second 22.183 3S3 775,500 Third 70,465 660 2.133,000 Fourth 111,312 l.iia ii.i,wu It will be observed that the great east ern companies, writing an averago limit of about $3,600 on a single life, in comparison with the Bankers Reserve Life writing Its first million of Insurance on an averago of less than $1,600 on a single risk did not equal tho splendid results of the Bankers Reserve In amount of promlum Income or Insuranco in force at corresponding ages other things being equal. It should be re memberod that the Equltablo commenced with a capital stock of $100,000, and, with the other large companies wrote a limit from the start of $5,000 to $10,000 policies. The Cost of New Business. The premium income received from new business $57,562.41, from renewals on old business $53,749.31. total $111,311.72, was so- cured at a net cost for commissions and compensation of managers and agents of $37,648.6$, or at a saving ot $20,013.79 of the gross amount received from premiums on new business, the savings being more than the net outlay for death claims and for cost of carrying $1,777,000 of reinsurance In other companies. It Is a well known fact that the eastern life companies secure their new business at a cost of the enttro first year's premiums. The aworn reports on fllo show thn cost of new business to bo In most in stances amwmbuht" equal to 100 per cent to 200 per cent ot the entire first year's pre mlUBas. The record ot the Bankers Reserve Life THE TLIjTTSTBATBD BEE. for economy of management, death claims, business handled and secured Is not equaled by any llfo Institution In tho land, writing or handling a like volume or class of standard policies, collecting full legal re serve premiums. Investments nnd Securities. Tho period for investment In permanent Interest bearing securities begins with tho receipt of rcnownl premiums on Investment policies with every company. It Is well known that no portion of tho first year's promlums nro available for Investment, tho first year's cost for placing tho business on tho books, for death claims nnd expenses, leaves small margin for surplus. Tho first Investment policies of this Institution were Issued about two years ago, on this business or class of policies a Uttlo moro than $40, 000 was received In rcnowal premiums dur ing 1901, Tho renewal incomo received thereon has slnco last May been Invested In flrst-clnss registered coupon twenty and ten-year bonds, $20,000; first mortgages on well Improved farms In eastern Nebraska, $8,850; Eccured loans and cash In bank of about $15,000 nddltlonal. Of this amount there aro bonds nnd first mortgages owned by tho company DEPOSITED WITH THE STATE OF NE BRASKA TWENTY-FIVE THOUSAND THREE HUNDRED AND FIFTY DOLLARS for the benefit and protection of policy holders. One Hundred Tlioimniul Dollnrs Is tho estimated net rcnowal Incomo for 1902 to bo avallablo for Investment. This amount, In nddltlon to tho present Invest ments, will rapidly increase tho deposit with tho state"ns tho renewals aro ob tained. Investments nro carefully made on sworn valuations after personal Inspec tion; on Improved farms loans aro limited to 25 to 40 per cent of tho nctual caBh valuo ot tho property. The Advisory Ilonrd. Tho selection of several hundred promi nent mombcrs, flvo to ten In each of tho principal counties ot the state, Is a woll recognized power. It Is tho strongest slnglo business organization over mado In tho west. Tho board Is making Its In fluenco felt In protecting nnd furthering tho Interests and business of tho Institu tion In their respcctlvo localities. The of ficers and directors extend to tho membors ot tho board their, thanks and congratula tions on tho excellent results nchloved. Tho spoclal advisory board plan was formerly employed by tho older companies In opening now territory; during tho last twenty years It has been Uttlo used by them. It Is tho cheapest and most effec tive known method of Introducing a new company, until Its business has boen se curely 'placed and an agoncy force estab lished In its homo and othor states. Wo keop on fllo copies of tho spoclal board contracts formerly extensively used by tho Now York Life, Equltablo and other leading companies that will be furnished our board members when desired by them. Theso documents nro a surprise to tho most of their agents, who aro virulently opposed to tho plan, slnco It gives to tho special board members the advantage ot tho renewals that under tho usual methods help to swell tho Incomo of tho self-styled "Old Lino" agents, and with which they wish to lino their pockets. The Field Staff. The management extends its sincere thankB to Its loyal, faithful field staff. for tho Intelligent, efficient sorvlccs rendered during tho last year. Tho flold staff ot tho Bankers Rcservo Lite Is most or flclent, Is not equaled In excollenco and ability by any equal number of mon to bo found In tho life Insurance field ot tho great west, a fact well known to competitors who have had occasion to test them. Every man is a skilled fighter, actively and in telllgently engaged In his chosen work, who scorns to resort to tho underhand methods of certain ngonts, who aro tho' cowardly assassins of tho great llfo Insurance busi ness. This class of agents should find no placo or recognition with reputable com panics. Superior Policies and Plans. It is well known that the strictly modern policies and plans ot the Bankers Resorvo Llfo "are not excelled In tho world." This truism stand's unchallenged In all Its litera ture, including Its calondars. Tho liberal policies adopted Include every safe known option provision. Tho now gold bond policy Just adopted Is strictly modern, 1b superior to any other policy on tho market, combines investment nnd protoctlon In a plain, simple manner, Is attractive, liberal and a popular seller. Policy Holders Its Capital. Tho policy holders of a llfo Insurance company constitute Its principal elements of success, nro Its real capital; they are tho patrons who contribute- tho revenues In tho payment of premiums, which make Its assets, scttlo Its death claims, expenses nnd create Its surplus, this being true in the history of every life company. No institution or company over had moro loyal enthusiastic friendly policy holders, Tho carping criticisms of alien concerns, tho cowardly attacks ot compotlng agents has solidified our ranks, has turned public sentiment In our favor, has caused tens ot thousands ot loyal Nebraskans and clt liens of the west to espouse the cause of patronage of western Institutions for west ern people. The Press Is a Power. The Influence of the press In moulding public opinion, In promoting enterprises,' In eradicating ovll Is a well known power. It Is the subtle electric current ot thought that moves the age. Tho Judicious uso of printer's Ink Is an essential factor In building any Institution. Wo are grateful to the press ot the state for tho many courtesies extended In further ing tho Interests of policy holders, In creating a healthy sentiment favorable to a strong financial Institution to keep at home for Investment In our own securities a portion at least ot the savings of our pco plo under the beneficent laws of Ne braska. The New Year 1002. What shall its record be? Just what policy holders, field staff, management, the press and western pooplo by their patronage make it. Tho Incomo may be safely doubled, jhould be mado to exceed a qunr- tor ot a million dollars, a largo sum, every dollar of which can bo saved for deposit in western banks, for Investment In western securities. Officers, Field Staff, Policy Holders. You will kindly accept my thanks for tho loyal, faithful, cordial support rendered In tho grand work. Tho success attained represents tho combined energy, Influence nnd contributions of officers, field staff, cm- loyes nnd policy holders, working together to further tho Interests ot tho Institution. Wo trust to secure your active, loyal future support. Wo invito the co-operation ot the ad visory board members, the press and peo ple With this combined support an In stitution will bo built that will bo a credit to our city, stato and tho entire west. Respectfully submitted, B. H. ROBISON, President. SCHOOLS AND COI.I.RGBS. Business, Shorthand, Typewriting and Enellnh. Students who desire It are as sisted to positions to earn board while at tending. Send for catalogue. New York i.i re nuiiuing, umuna, Men. YOU CAN BUY OUR HALF-TONE ENGRAVINGS which appear from tlmo to time In The Illustrated Bee. On small portrait cuts wo mako a nominal prlco ot $1.00. On larger cuts C cents per square Inch. They are all In first-class condition. Our photographic department 'vlll also print additional copies ot our original photographs at a reasonable rate. The Bee Publishing Co, OmaliH, Neb. A BUSINESS DISPUTE Is easily settled when accounts are properly kept. Don't practice false economy by trying to save on LANK BOOKS. We will make you a set ruled and printed to order at such a small coit that you can buy the bcit. A. I. ROOT, Printer, 414.418 S. nth St., . - OMAHA, NEB. VEGETABLE aid FLOWER. KTerrialasj la thaNaraerr and Kl.rl.t'e Use. blrect deal with ue will lnaura iou tha bait and are iou money, van eito larner bf fn.la'ht or ifDMLUh arrival and aatlaf action ffnarantood. Trv na. A vain. ahlo 16H naffo (latalon for tho aaklna-. if) raara. lOOOacraa. M grerahoueM. T1IK STORK A At nAHatlBON CO., Box aSO PAINI8VILLE, OHIO. wmfflm InAKr'n HKOS vFED ax mr Jnminry 10, 100'J. 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