Judge — August 16, 1884 — page 14: what you’re looking at

Machine-transcribed from the original scan — historical spelling and the odd misread are preserved.

Se SS SSS SSS ee eee a Oe THE JUDGE. “WHAT'S YET BEHIND, THAT'S MEET YOU ALL SHOULD KNOW.” (MEASURE FOR MEASURE.) T" Travelers Insurance Company of Hartford now appear very greatly alarmed at the unparalleled success of the UNITED STATES MUTUAL ACCIDENT ASSOCIATION, Omitting on their part any mention of their own annual reports—which are zealously kept secluded from the insuring public and only to be found in the reports of the Insurance Department—they freely circulate in the form of anonymous circulars, garbled reports and false statements of this Association intended to mislead the ordinary reader and prejudice the Let us read the report of the Travelers Insurance Company for 1883 (Accident Department.) minds of policy holders. Total premium income, - Disbursements during 1883, Total amount nally paid for Losses, = (Note what became of the remaining Paid Stock-holders, (dividends,) - = 96,000.00 Commission to Agents, - - ~ - DOD BO4A.BO Salaries and Traveling Expenses of Agents. - $121,699.13 Salaries and other compensations of officers and other employes = - - 85,864 2207 563.67 Medical Examiners’ Fe 7 - - - 20,934.52 xes, License Fe nd Fines - - - - = as Rent - - - - - - = Furniture, Fixtures and Safes - - - - - ~ Advertising - - = - - - Books, Stationery, Exchange, Postage, ete., = = - 65,270.76 = - - - 991,740.08 Or a sum $127,48-4.87 greater than they paid for losses, and still leaving in the hands of $208.593.7-4+ to be added to undivided profits and accumulations of former years. Total miscellancous expenses for one year - stock-holders Considering the above figures is it any wonder that the stock-holders have derived enormous profits from the business? Let us look into their agcident business in the State of New York We find that they collected premiums in New York amounting to $308,584. d paid losses and claims on policies in New York amounting to $125 profits #183,059.00 on the New York State business alone. 6 leaving for expenses and The United States Mutual Accident Association was organized in 1877 to relieve the people of the very excessive rates demanded by the ‘Travelers Insurance Company of Hartford for Insurance against accidents, and it has to-day upon its books over $90,000,000,00 of insurance in force without a single valid or adjusted claim contested or unpaid. It has conducted its business honorably and promptly and_ is aving its members nearly one third of a million dollars per annum in the reduced cost of the Insurance furnished as compared with the rates of stock accident companies, and at the lowest ratio for expense ever achieved by any like Association in the world. The Travelers Insurance company would wish you to believe through their anonymous circulars that the Annual Dues of $1 from cach member of this Association should suffice to conduct one of the most perfectly appointed insurance offices in the United States in all its details of book-keeping and clerical labor,—to adjust thousands of weekly indemnity and death claims, requiring a large corps of surgeons throughout the United States to examine reported injuries to members in their various localities, and all this without expense, when their own sworn reports show nearly $1,000,000.00 a year are absorbed in expenses alone in conducting their accident business. At the close of the last fiscal year they show by their sworn report that they had only about twice as much insurance in force, as this ciation has upon its books at the present time. In a nut shell.—Is not the whole proof of the success of the United States Mutual Accident Association summed up in the fact that it insur nst accidents at one-half the rates demanded by stock accident companies: that it pay promptly and in full: and that it has the means to do this and does do it, is attested by its twenty-thousand_polic gain of five thousand s its claims holders (a nee January Ist), representing the best class of business and professional men in this country, who are satisfied that they have the cheapest accident insurance in the best accident company in the world. JAMES R. PITCHER. Nos, 320 & 322 Broadway, New York. comicbooks.com