This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1912 edition. Excerpt: ...plan. (See preface.) The expense of organization and management and the cost of new business have all been very excessive. The new management promises improvement. The mortality rate is low.. The company wrote both participating (deferred dividend) and nonparticipating policies until October 1, 1911, since which date it has written only non-participating policies. The former we consider undesirable. During 1909 it also wrote some industrial business. The policy contracts are, with the exception of cash value and loan provisions, fair and liberal in their terms. It wrote a very good volume of business in 1911, and the lapse rate was moderate. ' Growth of the Company.-Admitted Insurance Insurance End of Assets. written. in force. 1908............................ $191,145 $2,433,972 $2,528,147 1909................. 256,051 1,374,134 2,628,501 1910......... 269,283 437,220 1,837,281 1911...... 279,500 599,205 2,042,914 ' Gross and Net Lines. The company will write on n single life $25,000, retaining $5,000. Premium Income. President, R. B. Iiufl; vice-president, H. D. Harms; secretary, R. C. Van Dyke; general counsel, H. F. Lea; superintendent of agencies, H. C. Pearce. Directors. Ruil, R. B.; Spencer, R. P.; Van Dyke, R. C. Character oi' and Income from Investments. Items and Percentage of Mean In-Income Rate _% Admitted Assets vestment. Earned. Earned. Real Estate (market value), $1,450 0.5% Mortgage Loans, $122,402 43.8% $123,327 $7,477 6.1 Bonds (market value), $73,889.50 26.4% 83,128 3,603 4.3 Collateral Loans, $12,500 4.5% 12,500 740 5.9 Policy Loans, $11,792.39 4.2% 9,909 4 4 7 Premium Notes, $564.63 0.2% 837 ' Cash in Banks and Oflice, $42,769.46 15.3% 32,510 372 1.1 Balance Admitted Assets, $14,132.39...