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title: 'St. Paul daily globe. (Saint Paul, Minn.) 1884-1896, November 10, 1895, Page 13, Image 15',
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In referring in a general manner
(to trades unions we find that a large
percentage of our citizens arc wont
to condemn them on the ground that
they have ii' other object in view
than that of creating strife, and,
therefore, must necessarily be a det
riment to good government and so
ciety in general. .The expression of
a prominent business man, while en
gaged in conversation on this sub
ject recently, will, no doubt, explain
why many have come to this conclu
sion. He said: "Well, to be candid,
I never hear of labor unions unlesc
they are engaged in warfare with
i-'»nie firm or corporation. Having
had no dealings with them or knowl
edge of their workings. I quite nat
urally came to the conclusion thait
strikes and lock-outs constituted
their stock in trade, so to speak."
Strikes and lock-outs, it is true, are
frequently resorted to by both em
ploye and employer for the purpose
-•■: resisting unjust demands or to
CHILDS-DKEXEL HOME FOR I'MOX PRINTERS. :
grain certain concessions, but Whether
they constitute the "stock in trade"
of modern unions can best be ascer
tained by an investigation into their
aims and objects, as. well as to the
mariner in which they are conducted.
The International Typographical
union, being the pioneer trade in
Amebic*, is reputed to have had more
difficulties of this character than any j
oirher organization. Its objects and
aims are briefly set forth as follows: '•
To' elevate the position and main
tain and protect the interests of the .
craft in general.
To establish and uphold a fair and j
equitable rate of wages, and to regu- '
late, all trade matters appertaining to
the welfare of members.
To influence the apprenticeship sys- I
tern in the direction of intelligence,
competency and skill. In the interests
alike of employer and employes.
To 'endeavor to replace strikes and
their attendant bitterness and pecun
iary loss by arbitration and concilia
tion in the settlement of all disputes
concerning wages and conditions of
To relieve the deserving needy, and
provide for the proper burial of de
It is unnecessary to discuss the mer
its or demerits of these propositions
fair-minded men will concede their
reasonableness and utility, and every
lover of humanity will at once admit
President Prescott, of the interna
tional union, speaks as follows re
The international union does net as
sume the power of ordering strikes,
nor does it advocate resort to them,
but favors conference and arbitration |
as a means of settling the inevitable
disputes that arise between employers
and employes. When a subordinate
union exhausts every effort to secure
an amicable adjustment of any dif
ference, or finds it necessary to resist
unreasonable demands, the interna
tional supports such of its members as
are called upon to sacrifice situations
in defense of prlis-iole and manhood
by the oaymerat of $7 and $5 per week
to married and single men respectively: j
The amount of business transacted
by the executive officers of the inter
national union is enormous. Business
men connected with financial associ
ations, who are in a position to be
acquainted with the work done, have
expressed themselves as amazed at the
shewing, and a reference to the finan
cial statement of Secretary-Treasurer
Wines will prove that the business is
conducted on a less percentage of cost
than many business institutions of the
country. The receipts for the fiscal
year were $92,902.66 and expenditures
$88,650.72, while the total amount han
dled, including balances, was $128,557.39.
This does not include funds of subordi
nate unions. • s
The following from the Typograph
ical Journal is self-explanatory:
"It is interesting to note that in a
trade union making no pretense to the
maintenance of beneficial features, the
outlay for strike and look-cut purposes
—the great bulk being for the latter
reason— should be but $24,757.83, while
there was expended for burial and
home benefits no less than $44,996.16, of
which $21,906.16 was for the latter pur
pose. Reduced to payments per mem
ber, this shows each one to have con
tributed for strike and lock-out pur
poses (which Includes traveling ex
penses of officials dispatched to settle
difficulties) 81 1-3 cents, and for home
and burial benefits within a shade of
$1.52 during the year." '
Placing a conservative estimate of
the expenditures for benevolent pur
poses of the 850 subordinate unions at
$100,000, together with that of the ex
ecutives we have a granA' total of $145,
--000 expended by the printers during ;he
last year for benevolent purposes.
A feature to which we particularly
desire to direct attention as indicating
the beneficent character of the typo
graphical union is the Childs-Drexel
Home for Printers and allied crafts
affiliated with the International Typo
graphical union. This institution is
situated at Colorado Springs, Col., con
tiguous to Pike's peak, and In a coun
try enjoying a reputation that is world
wide for the salubrity and curative
quality of Its climate.
The building was erected at a cost of
$65,000, every cent of which was paid
on completion— an almost unprecedent
ed occurrence in the history of benev
olent institutions. Not only was it
free from debt, but a surplus of over
$13,000 was In bank o the credit of the
fund. With the exception of the unso
licited and unconditional gift of $10,000
to the union from the multi-million-
Llres, Messrs. George W. Childs, of the
Philadelphia Ledger, and Anthony J.
Drexel, of the international banking
Jrm *>f Drexel, Morgan & Co., as an
THE SAINT PAUI. DAILY GLOBE: SUNDAY MORNING, NOVEMBER 10, 1895.— TWENTY PAGES.
appreciation' of The worth of the organ
-1 ization building erected organ
ization this building was er«oted by the
efforts of the union printers of Amer
ica. It is situated on eigthy acres of
i land donated by tho citizens of Colo
! rado Springs, which is rapidly in
' creasing in value. The property is now
': set down by conservative' gentlemen ns
being worth- a; least $150,000 evi
j dence that the Indianapolis Journal
■ was not far wrong when it said "the
typographical union had proven Itself
equal to every emergency that * con
fronted it during a long and useful
career." ■.-■-„ •*■
But for what purpose has this organ
ization initiated and carried to success
ful completion an undertaking of such
magnitude? you ask.- For the highest
and noblest purpose that prompts hu
man effort— that they may provide a
refuge for our invalid, aged and infirm
brothers, to the end that in the' days
: of their adversity they may not be com
pelled to rely upon the mercies of the
j cold world, but will have a home in
I substance as well as name.
Since the dedication of the home.
May 12, 1592, the printers have expended
nearly $80,000 in improvements and care
of its inmates.
All five-year members are eligible to
■ admission, though the board of dirrc-
I tors has power to protect the union's
interests by rejecting applicants suffer
j ing from contagious diseases. Other
wise, Its bounty is unpurchasable and
its charity given without price. The
home is sustained by means of a
monthly tax of five cents per member.
An itemized statement of receipts and
expenditures is published. monthly in
the Typographical Journal (a copy of
which is sent gratis to every union
office in the land), and as the board of
trustees is directly responsible to the
International union and can, on proper
showing, be deposed at any time, this
publication insures an honest and pru
dent administration of the affairs of
the "printer's paradise," as It has been
H. W. Dennett.
• » *
The executive board of the American
Federation of Labor has issued the call
for the Fifteenth annual convention,
which meete in Madison Square Gar
den, New '""fork city, on Monday, Dec.
9. at 10 a,'m. Th- call states: "The
work to be done at the coming conven
tion is of such importance to labor in-
terests as to demand complete repre
sentation of all affiliated unions. The
Denver convention declared in favor
of a general enforcement of the eight
hour workday, but left the details con
j nected with its enforcement to the
coming convention. Hence the dele
gates should come prepared to take de
] cisive action on this question." Inter
; esting features of the convention will
! be the fight by the socialist elements
for the adoption of the original "Plank
j 10," and that of the friends of Gompers
i to secure his re-election to the presi
* * *
I Organized labor and the public gen
; erally will be gratified to learn that a
settlement has at last been reached be
tween the International Typographical
union and the Werner Printing com
pany, of Akron, O. The following cir
cular from' international headquarters
International Typographical Union,
Indianapolis, Ind., Nov. 9, 1895.— T0 the
Officers and Members of Trade and
Labor Unions of America— and
Gentlemen: In informing you that
the Werner Company, of Akron, 0.,
has entered into an agreement entirely
satisfactory to all the unions Interest
ed, and bespeaking for that instiuttion
a fair measure of your support, I wish
on behalf of the organization I have
the honor to represent to thank you
for the handsome manner in which you
came to our assistance.
In my estimation the settlement just
referred to is a' matter for self
congratulation on the part of organ
ized labor generally, as it demonstrates
that with proper management and a
good cause the working classes are able
to maker their Influence felt. >v.
Again thanking you for the assistance
given, without which we would have
been unable to reach the amicable
agreement that is now practically in
force. I remain, yours fraternally,
W. B. Prescott, President I. T. U.
Approved by American Federation of
—John Mcßrlde, President.
* * *
A special meeting of Cigarmakers'
Union No. 98 was held at Assembly
halls Monday evening and was ad
dressed by William Strauss, president
of one of. the local unions of Detroit.
Mr. Strauss Is traveling through : the
Northwest In the Interest 'of/ the De
troit unions, which are making a- hard
fight against several sweat-shop and
tenement house firms of the latter
A novel feature In connection with the
fight, being waged is the placarding of
! all cities and towns where .these. goods
are sold with photographs of their em
ployes, who are girls arid boys ranging
from nine to thirteen ' years of age.
"Our fight," said Mr. Strauss, "In con
nection with that of the garment work
ers, has been" the means of opening the
eyes of the public to the. horrible con
ditions existing in - the sweat-shops of
Detroit, as well as other large cities,
and will undoubtedly result in more
stringent laws being enacted In favor
of compulsory education. My effort's
have been so successful that I am In- '
structed to continue the fight to the,
Pacific coast." The local union voted*
M. J. FEF.HAX,
President Plumber**' Union.
$75, to further assist Mr, Strauss in his
■ efforts. ['■- ';."<•';
* * *
The committee appointed by the
Trades and Labor assembly to secure,
if possible, free text books for the
public schools of the city, met Monday
evening and perfected an organization
by the election of E. B. Lott as presi
dent and H. W. Dennett, secretary. W.
A. Shumaker and M. E. Murray, repre
senting Excelsior Educational union,
were elected members of the committee,
after which a general discussion was
held as to the best means to be adopted
to prosecute the work. Harry Frank
lin, E. B. Lott and W. A. Shumaker
were appointed a committee to draft
a petition to present to the board of
education and common council and se
cure If possible, the aid and co-opera-'
tien of all other influential bodies, such,
as the teachers' association, Commer
cial club. Associated charities, etc. In
asmuch as the present agitation Is the
result of the enforcement by the state,
labor bureau of the laws forbidding the
employment of children in factories
and workshops, Labor Commissioner,
Powers will be invited to participate in
the deliberations of the committee. ;
* * *
The meeting of A. R. U. No. 214, Mon
day evening, was the largest held by
that organization for some time. A
! number of important matters were con
| sidered and sixteen new members were
I * * * •'
The members 'of the hall committee
held a meeting Monday evening and
decided to give an entertainment for
the purpose of securing funds to pur
chase a piano for Assembly halls. Pop
ular Louis Nash, of the Retail Clerks'
association, will have charge of ar
rangements, and it is unnecessary to
say that something novel and enter
taining will be presented. The enter
tainment will be given Monday even
ing, Dec. 2.
* * *
i A large numb, of representatives or
the various labor unions attended the
mass meeting called at Assembly halls
Monday evening, for the purpose of
considering the ; advisability of organ ,
izing a monster carnival club composed 1
exclusively of members of trade unions. ;
Harry Franklin was elected temporary
chairman and Edward Chrlstopherson
secretary, and outlines of the ob
jects of the club were briefly set forth
by several projectors of the movement.
A unanimous vote was passed in favor
of a club of this character as against
the formation of factory clubs, and the
chairman and secretary were Instruct
ed to appoint a committee of one from
each labor union of the city to perfect
arrangements for an organization of
this character, and the meeting ad
journed subject to the call of the gen
* * *
Not the least interesting of a
large number of me tings at As
sembly halls are those of the
tailors' union. A good attendance is
always had and a subject of interest to
the members is discussed at each meet
ing. Besides the members are doing
considerable quiet agitation, and as a
result the membership is quietly in
creasing. The meeting held Monday
evening proved no exception to the rule,
and nearly the entire membership turn
ed out. Nominations of officers for the
ensuing term were made and four new
members were initiated. The members,
then discussed a lengthy article on the
"Policy of Trades Unions," published
in the official journal of the inter
national union. The list of officers
nominated is incomplete, inasmuch as
further additions will be made at the
next regular meeting. Trade was re
ported in a fair condition.
» » »
Secretary Hammond, of Minneapolis,
was unable to Issue the call for the
semi-annual meeting of the Minnesota
State Federation of Labor last week,
owing to the fact that the same was
submitted for approval to the various
officers throughout the state. The call
will be issued Tuesday, however, and
the meeting will convene in Winona,
Sunday, Dec. 8.
• * »
The Scandinavian and German sec
tions of the Socialist Labor party will
hold a joint meeting Sunday afternoon
at Assembly halls. Gen. Kelly, of
Coxey army fame, will address the
* • »
The regular meeting of the harness
makers* union drew out a fair attend
ance. Little business of general inter
est was transacted, and trade was
reported quiet. The union decided to
give a benefit to one of their number,
who has been sick for a long time, and
Messrs-. Gies, Felzenberger and Har
vey were appointed a committee to look
after the arrangements.
** » * .
The stage employes held an interest
ing meeting Tuesday evening that was
well attended. The committee having
charge of the scale conferences re
ported that Manager Lltt had accepted
and signed the scale. The committee
was given further time. . The union
voted the sum of $25 to aid striking
members in St Louis, Mo.
• * •
The attendance at the meeting of the
trades assembly Friday evening was
large and considerable business was
transacted. Thomas Powers and John
Brown, of the bricklayers' union, were
admitted and initiated as delegates.
The winter carnival was indorsed, as
was also the carnival club scheme sub
mitted .by. the committee appointed at
the mass meeting Monday evening. T
committee i representing German Typo
graphy No. 13 reported a grievance
against the Yolks Zeitung. It was as
serted by the committee that the man
agers; had refused to recognize the
union any way or to even consider its
scale,- and that the men employed were
working for $6 per week less than the
scale of either of the -typographical
I unions of the city. Delegates repre
'' -' :C ■*-.*-.> *-* ' : •*
sentlng the allied printing trades and
the members of the assembly grievance
committee stated that they had held a j
number of conferences with the firm,
but, no settlement could be reached.
The assembly Indorsed the stand taken
by No. 13, and appointed a committee
to act with the members of the Ger
man union to devise ways and means
of forcing • recognition •of their de
mands. The coopers reported a griev
ance with two of the local brewery
firms and the matter was j referred .-tor
the grievance, committee. Resolutions-
Indorsing Richard _S. McNamee for
member of the board of education .were
passed and a committee of three ap
pointed to present same to the mayor.
Delegates selected to the state o<ll-f- ;
atlou of labor convention were wt*^Y«
jCrwln, E. B. Loll, Edward ' Clftist|!
pherson, Frank Pampusch and'.KlSnjci
Hoffman. Mr. Erwln received :tu_f.fe|"^
tire vote of the meeting. .- : i-_*f__
. y*y*. ♦,;'••• ■-";;-. p% h:
A number of prominent huskies,*} mob
have interested '- themselves in "ts*o*<ln*
deavors of the garment workers'
of the city, composed entirely of
women, and as a result have decreet to'
give a benefit, entertainment in their
behalf next Friday evening at the Peo
pie's church. Since the announcement
the Elks of the city have signified"' their
intention of attending in a . body and '
the trades assembly will also be pres
ent. The programme is as yet" incom
plete, but among the attractions w_l be
readings and addresses by Press Wood
ruff, the Arkansas humorist, and Col.
W. H. Plummer, of North Dakota. The
price of admission has been placed at
23 cents and a large audience will un
doubtedly be present.
* * «
The garment workers transacted lit
tle business Thursday evening, owing
to the fact that during, the winter
months one meeting night of each
month has been set aside as social
evening. After a number of new candi
dates had been initiated -and. a label
committee appointed the meeting ad
journed to enjoy an excellent dancing
programme with a large number of
friends who had been invited by the
members. ■■-«* *.;;
■-. *' • * " ; . -'''•.'-'.
There will be no meeting of Excelsior
Educational club next Friday evening,
the members desiring to attend the
benefit to the garment workers at the
People's church. .
V.ii-~-v * * *
The- regular monthly meeting of
Typographical Union No. 30, held last
Sunday afternoon at Assembly halls,
was well attended, and the principal
business of the meeting was the dis
cussion of a proposed new scale of
prices for the job printing branch. It
was reported to the union that the
printers in Minneapolis would make a
demand for recognition of a nine-hour
.work-flay, as well as an increase of
wages from 26 2-3 cents per hour to
30 cents. The union adopted this prop
osition and instructed the executive
board ta notify the. employing printers
of the desire of the union to open the
■ scale agreement. One. new member
.was initiated and considerable routine
business disposed of. . . , ■
* » »
A special meeting of Typographical
Union No. 30 will be held this after
noon at Assembly halls for the transac
tion of general business. The executive
board has learned sines the regular
: meeting of the union that after a ' two
days' strike on the part of the printers
of Minneapolis, an agreement" i was
reached with the employers, granting
a nine-hour work day, and 515 per week,
The consideration of this proposition
.will be the most important matter be
fore the meeting. J " - '*
'.* * * ' .1 ■? ■ §
Th? stereotypers held their regular
monthly meeting Thursday evening and
initiated four new members. The ex
ecutive board reported that the: new
day scale of 18 per week had gone into
effect and all employing firms, X; had i
signed same. The union was reported
in a prosperous condition. ~ . ". ' .
•■' • ■ •....:•■'-.-•'♦ ♦-''- •:■'•••'• »- -'-
: The mailers' union held a meeting
Thursday evening and disposed of
routine matters. . " r *• J;''* 1 -'(*■'" ~'~
*'* » '.\L-^'-.'-*v~";
The full membership of the bookbind
ers' union was in attendance at their
meeting Wednesday evening, and sev
eral matters of importance to the trade
were considered. A new Scale recently
formulated will be submitted to the
proprietors. Five new members ere
initiated. A communication from
headquarters announced that the pro
position recently submitted to a vote
of the membership looking to a' close
federation with the International Typo
graphical union was adopted by a large
vote The agreement goes into effect
Jan. i; of next year. H. C. Westlake
and B. F. Lamb were elected fraternal
delegates to the Minneapolis union.
» * *
The tin, sheet iron and cornice work
ers, at their regular meeting Wednes
day evening, decided to give tneir an
nual entertainment and ball Thanks
giving eve, Nov. 27, at Assembly halls.
Only those receiving invitations will be
* • *
There was a large attendance at the
meeting of the Pressfeeders' union
Thursday evening, and considerable
business was transacted. Resolutions
favoring a winter carnival were adopt
ed, and the carnival club scheme in
augurated by the workingmen's mass
meeting was well received. Resolu
tions Indorsing Typographia No. 13, in
Its fight against the VolksZ itung, were
adopted, and- P. J. Flynn was elected
fraternal delegate to Minneapolis union.
After the meeting the members attend
ed the entertainment of the garment
* * *
The regular monthly meeting of the
executive board of the Allied Printing
Trades council will occur next Thurs
day evening at Assembly halls.
'.. .?-•"*;-* * .--yX :
A mass meeting of all the hack and
cab drivers of the city has been called
to meet at Assembly halls this even
ing at 8 o'clock for the purpose of
forming an organization.
* * *
The following organizations are
scheduled to meet at Assembly halls
during tha. week: rtfi-i
Sunday— Scandinavian Section- S. L.
P., special meeting Typographical
Union No. 30.
Monday — Boilermakers' union, Bar
bers' union. >* --
Tuesday — Retail Feed association,
Plumbers' union. ..v-
Wednesday— Steamfltters' union, Re
tail Clerks' association.
Bricklayers* union, Cigar
makers' union. "-'•.■
■ Friday — Journeymen Horseshoers'
union. A. R. U. No. 180.
Harper's Round Table. *%_
A very' little girl asks what \ easy
thing she may find to do for her moth
er's birthday. Make a set of taple
mats, • dear, of- course white cotton.
crocheting them in -simple close work.
and finishing them with a - scjplop-d '
edge. I saw a pretty set the other day,
and the lady who owned them was
proud that her youngest daughter.aged .
eight, had made them herself. ... . v t
What do you think of this as a hint
for a useful little gift? A Portia pen
wiper is practical, unique, new i and
easy of construction. Buy a china doll
—one that stands firmly. Make for her
several chamois skin skirts of different
lengths, putting on the shortest one :
first. Pink the edges. . The costume
should be student's red or black gown
and cap, and put a tiny roll of parch
ment In her hand. If you have to ti
the roll In the hand use fine silk of the
same color as the parchment, and it
will scarcely show. The gown should
be long and full. The material may lie
silk, velvet or .cashmere. The cap
should have a square top, fastened to
a narrow band fitting close to the head.
The doll should have the appear an ci
of stateliness. -..Whenever the. chamois.
is • soiled replace, the skirts, , and thur,
I the penwiper is always clean.
A GREAT INSURANCE
■* -— — "
REPORTOF THE NORTHWEST
ERN MUTUAL LIFE.
SOLIDITY OF INVESTMENTS. AND
Assets of $7:*,.'M'>,707 und Surplus
-v of >|'i:.,R4n,4:t(i— Hermit- of v Two
Mouths' Investigation of the
'. "' Company *.x linsiness ii nil Meth
ods .by Representatives of the
' Insurance Departments of Five !
* States Embodied JnT'ii 'Report
lii.l: < li I'm - the CottlideiW'e ,
'" the Public' llas.'Alwnys- Hud in
Tills Milwaukee Institution.
The examination of the business of ;
the Northwestern Mutual: Life In- j
surance company by ' a commission j
represernting the Insurance depart- |
ments of five states, which has been i
in progress for two months, has been ;
completed. The examination has been I
very tihorough' and exhaustive. A;
large force "of clerks has - been em- |
ployed in examining the company's '
inve-ltmenits, liabilities ; and 'methods .
of business and the result is a sub- |
stanitial testimonial to the solidity of
its condition, the excellent quality of j
its assets and its economy of man- !
agememt. The company's surplus is
$13,545,436.54, while its assets have |
grown to the enormous amount of I
$73,349,707.84. The report of the com- !
mission is as follows:
Milwaukee, Oct. 15, 1895.— H0n. H. L. i
Palmer, President, Northwestern Mv- I
tual Life Insurance Company I
Sir: The commission representing the '
Insurance departments of Wisconsin, !
Massachusetts, Illinois, South Dakota .
and Nebraska have completed the ex- .
amination of your company and submit ,
to you the following report giving the !
results of such examination. The last !
complete examination of the North- j
western Mutual Life Insurance com- [
pany was made in 1877, participated in j
by the departments of Massachusetts, i
New York, Illinois, Maryland and Wis- j
consin. - Xry. ;'.-Xr^y_:
The present examination began early j
in July last by the Insurance depart- !
inents of South Dakota and Nebraska, !
to which were subsequently added by |
j Invitation of the company, Massachu- j
j setts, Illinois and Wisconsin. |
The board of Examiners organized by j
the selection of Commissioner William '
! A. Fricke as chairman and placed the
i general supervision of the details of
the examination in charge of Wm. D. j
Whiting. In this work the departments j
were represented as follows: •
South Dakota and Nebraska, repre- j
sented respectively by C. H. Anderson
and Frank H. Wilson, examiners, em
ploying four clerks. \
Massachusetts, represented by Com- |
missioner George S. Merrill and Wm. I
D. Whiting, with a force of seven !
clerks. . -yXy
Illinois, represented by Superintends
ent B. K. Durfee, J. J. Brinkerhoff,
actuary, and one clerk.
Wisconsin, by Commissioner William
A. Fricke and Henry S. Vail, actuary,
with a force of five clerks, together
with the Hon. W. H. "Mylrea, attorney I
Constituting In ail a force of twenty- I
six person's, besides the appraisers of I
real estate in different localities. - "V
: December 31, 1894, was adopted for
making the. financial statement, so as I
to correspond j with the date I< of the !
company's JaW sworn statement to the !
several departments, but the examina- !
tion was brought down to Aug. 1, 1895, j
to ascertain whether any material
changes other than, those incident to |
the normal course of business had oc- j
curred. -.'/." : - ;.*'•-' '•■'•■■' -TV-- |
The examination has disclosed the I
following to be the company's .'
Financial Condition, Dec. 31, 1894.
Cost Value of Real Estate Owned—
Home office building ..'........... ..... $752,080.67
Acquired by foreclosure 431.325.45
Excess of appraisement over cost '•• . 5d.590.88
Total ..-..!........ ... ...... $1,240,000.00
Loan on Bonds and Mortgages on Real Estate — ... — ... 55,846,601.09
Loans on company policies, assigned as collateral— secured by reserve (8,820.00
Premium note- on policies in force— secured by reserve :— - 467,540.42
Par value of bonds owued .'.......: $7,170,965.09
Market value over par.../ ... 3:19,104.00 7,510,069.00
Cash ln office ............ 161,110.68
cash in bank 5 ...... ............: ; 5,313.047.62 5,474.158.30
Agent debit balance* $26,581.78, allowed at '-■'« '":-' 13,-83.88
Interest on Mortgages due ; if. 358,0-B. 'JO, accrued. . 784.324.69 1,037,383.59
Interest on Bonds due 3.400.00, accrued... 150.125.C0 150.525.00
Interest on Policy Loans ... 137.00, accrued. 15.237.68 . 15,374.68
Rents on Real Estate 1.223. 30, accrued. . 8.827.57 10,050.
Gross prem. ou outstanding policies. Ist year..294,641.00, renewals. . 420.348. 00
Gross deferred prem. on policies in force
lstyear 121.814.00. renewals.. 960.269.00
Deduct for cost on collection 50 per cent. 208,227.00 6% per cent. 0-041.00
Realizable on uncollected and deferred ,— „'„-, _ .„,.„„, ™
premiums.. : $208,228.00 $1.258.576 1,496.804.00
TOTAL ASSETS, DEC. 31, 1894 $73,349,707.84
Reseive (actuaries 4 per cent) on policies and annuities in force December 31.
1894. as computed by Mass. Department on corrected registers 558.81-.1-_.OO
Reserve on certain fractional paid up insurance 138,450.00
Reserve for paid up insurance claimable *129,385.00
Reserve against excess Tontine guarantee 22,312.00
Reserve against policies cancelled for intemperance ... 3,017.04
Reserve against premiums below net rates.. 412.34
Death claims in process of adjustment $201, 325.46
Death claims contested or in litigation 41.162,30
Deaths occurring in 1804. proofs received in ISO>. less reserve 157.752.27
Endowments due and awaiting claimants 3«|44'.C0 467,682.12
Dividends due on oui3t'ndin- and deferreapremiums. — .... 138. 1' D. 10
Dividends due in cash on paid-ups and post-mortem 20,064.41 158,183.51
Premiums paid in advance and accrued commission 12,000.00
Unpaid bills, accounts, etc., presented after Jan. Ist. 1895 '. . 42,672.99
Agent credit balances, etc • — 18,970.70
TOTAL LIABILITIES, DEC. 31, 1894 $59,804,271.30
SURPLUS 13.545.436 54
Of this surplus 83.533.711.35 is accumulated Tontine earnings, and general
* In this item the Commission have charged the Company with the extreme possible
linbilitv it is only fair to state that from the experience of the Company in the adjustment
of claims under these policies, the actual liability will undoubtedly be largely reduced.
The titles of real estate owned were
Investigated by Attorney General Myl
rea, and were found to vest the owner
ship of each piece in the company
without flaw or incumbrances. Each
parcel was valued by appraisers se
lected by the chairman, with the final
result of increasing the total value by
$56,590.88 over the amount claimed by
the company in its Dec. 31, 1894, state
ment. .';'.' .,..'. ."■-",*""?;
The real estate on hand acquired by
foreclosure is remarkably small In, pro- ,
portion to the large sum invested in ;
mortgages, and is earning a fair net
rent, as is also the Home Office build
ing, when allowance Is made for the
portion occupied by the company. This
amount for own occupancy does not
enter into the company's annual state
ment for rents received and paid.
The custom of the company has been
(with few exceptions) to dispose of real
estate acquired by foreclosure as rap- j
idly as possible and merge the net loss ;
into the Interest earnings of the year
in which It is sold. An analysis of the
business for twenty years shows that
only a small percentage of loans made
are foreclosed and acquired as real
estate. The mortgage leans, compris- .
ing nearly SO per cent of total assets, ,
have been carefully placed and yield
a gross rate of 5 6-10 per cent interest, «
payable semi-annually. About one- :
fourth cf the r<*X>r-gag-_ represent
farm loans. -The hans are distributed .
in Illinois, Wise ■•:-.■ In. Minnesota, Col
orado, Nebraska, Ohio, lowa, Tennes
see, Indiana, Kansas, Michigan, ■ Mis- j
souri, Kentucky, and a few In South (
Dakota* Alabama, Texas and Georgia.
' About one-half of the whote Is in . Illi
nois and ' Wisconsin." The i interest In"
default is less than half of 1 per cent,
or about one month's interest. Loans
are placed, through, salaried local
agents, without commission . from the
borrower. . The titles are examined by
the company's counsel, with a corps
of assistants, and no charge is made
except actual disbursements and fee
of local counsel. ''<;'-
Attorney General Mylrea has : ex
amined into the system and reports
that It. is comprehensive and com*
plete, and that extraordinary 'care is
exercised in protecting the Interests of
the company in the granting of loans.
The attorney general has also examin
ed the abstracts of such cases as were
Involved, under foreclosure, In default
of Interest, or loans made to trustees,
employes or connections of the com
pany, and finds the papers complete
and without flaw.
The expense entailed by "this sys
tem is comparatively small on each
loan placed, and together with any loss
through purchase by the company on
foreclosure " and subsequent sales,
gives a slight loss to be deducted
from the gross 5 G-10 per cent interest
i earned, as an extra cost of handling.
This leaves a margin of nearly a mil
lion dollars which would have to be
impaired . before any deduction could
justly be made from this item. '--'•''•
As all payments of Interest or prin
cipal are made direct to the home office
and not through loan agents, it was
deemed unnecessary to communicate
with each borrower as to the amount
of his outstanding loan; th? same being
sufficiently checked by the papers and
receipts of interest. ••'■;;
Loans on policies and premium notes
were checked by the notes themselves
and with the Wisconsin valuation reg
isters, to ascertain if the policies upon
which they are In lien were In force
and able to sustain the loans. These
items were found to agree with the com
pany's books and statements.
The item of premiums in course of
collection and deferred were treated
ln like manner, resulting in a Blight
difference only from the company's
The bonds owned were counted by
the commissioners, and found to be on
hand with the exception of those de
posited' with the Insurance depart
ments of Wisconsin, Virginia and Can
ada, for which satisfactory certificates
were furnished. The premium for mar
ket value over par allowed is $51,451.83
less than the company's statement.
Cash in office and in banks, as shown
by the books was found to be correct.
The" company's statement deducted
?18,167.51,m05t1y agent's credit balances,
from cash In office, which has been cor
rected above by carrying the same into
One-half of the agent's debit bal
ances were found to be good by pay
ment since Deo. 31, and otherwise, and
has been allowed.
The total assets found on examina
tion do not materially differ from the
amount claimed by the company at the
The valuation registers of the Mas
sachusetts department, being computed
on a 4 per cent basis, were used for
ascertaining the necessary reserves to
be held on policies and annuities. These
were first checked by comparison with
the company's registers and discrep
ancies inquired into and corrected. A
further check was made by compari
son of policies reported as loaned upon
or having premiums in course of col
lection or deferred. Inquiry was like
wise made into those policies marked
off the registers of the Wisconsin de
partment by lapse, surrender, death
or maturity, to ascertain if justifiably
The final valuation Is in excess of
that found by the company by the sum
of $144,361. It was discovered that -there
had been canceled certain ten pay
ment life policies whose owners had
ceased paying premiums and interest
on notes. These " .- policies contain
clauses giving paid up insurance on
lapse for as many tenth parts of origi
nal insurance as there had been. "com
plete" annual pi'jmiums paid, but the
notes declare the policy forfeited in
case interest should not be paid there
on. - -'.-'>.-• -
We are pleased to note the prompt
action of your Executive committee in
I passing a resolution reinstating the mi
i surance on this class of policies as
I soon as your attention was called to
this matter. "'-.'.
j It was likewise found necessary to'
J increase the special reserve on certain
j other policies guaranteeing surrender
' values in excess of ordinary reserves,
" from the sum of $25,000, charged by the
j company, to $128,388, and to charge for
| guarantees in excess of 4 per cent ac
| tuary reserve on certain Tontine poli
cies, tho sum of $22,312.
A . deduction was made of $63,514.61
1 from the amount with which the com
-1 pany charged itself for death claims
outstanding, on account of error and
because after careful investigation it
became apparent that many of the
cases contested were fraudulent and
constituted no real liability. Any com
pany long in existence is bound to ac
cumulate a considerable amount of
such cases. Some of these are out
lawed, • others merely nominal and
practically abandoned or the parties
willing to compromise and some had
been settled since Dec. 31, for much
less than their face. It would. be. un
fair to compel ' a company to carry
such cases forever as a liability at
their face or submit to extortion to
get. -rid of them.
It. was not discovered that the com-'
pany had unduly or without sufficient
cause contested any case— fact, the
amount In litigation upon death claims,
■ compared with. the amount paid is r.ur-'
--prisingly small and the company sin
gularly successful in defending such
suits. ■ :'•' '*•"-" •""
■ It was found nccerrsary, however, to
add $187,752.27 to the claims outstanding.
in process of adjustment for deaths oo
currlng* in 1894 on which proofs were
not made until some time in 1895. Many
of these cane's' were unknown to tha
company on Dec. 31, as proof blank
are furnished^ by the agents, and not
from the home office, hut it is neces
sary to take them ' into consideration
In order to ascertain the true condition,
of the, company at that date, as the
parties! insured were actually dead, and
. only a formality intervened before pay
ment became due. v. >
The surplus of the company is di
vided into Tontine and general sur
plus in. the usual way employed by de
partment's In their annual reports. The
practice .of; the company: in giving no
tice every year to its Tontine policy
holders, of their annual accumulations,
is highly to bo commended.
The income and disbursements as
■rendered for 1894 In Ita sworn state
ment was found to be substantially cor
rect.,"• ti]\dddd'. v -d.yy
The interest receipts are large, being
5 1-10 per cent of gross mean assets.
The ratio of death claims is only about
80 per cent of that expected by the
tables upon whiah its premiums and
reserve are calculated.
The ratio of expense is small, and
shows economical management.
An investigation of the business done
In. 1895 to Aug. 1 discloses no unusual
I event apart from the regular course.
j The commission, however, desires to
give expression to their opinion, appli
cable alike to all companies, that the
! interest of the policy holders dictates
that no more money be carried as
"cash on hand or in banks" than is
necessary to meet the current needs of
I the company, and that all funds over
and above these necessities be prompt
The amount of business has increas
ed, with a corresponding increase in in
; come, disbursements, assets, liabilities
A larger relative proportion of invest
ments in city, county, state and
United-States lands has been made.
The company holds no stocks, and does
not invest in railroad bonds. .
The expense chargeable to each Item
is well within the limit provided for,
except in the single case of new busi
ness, whereon the first year's commis
sions plus the additional expenses inci
dent to the first year, after allowing
for light mortality, does not leave
enough of the premium to cover the
necessary reserve at the end of the
This comment Is not to be accepted
j as a reflection upon the company, but
; Is made to emphasize the regret of the
commission' that all fixed premium life
I companies do not take concerted action
j in cutting down this large expense item
found in these companies, rather than
await the time for legislation to re
strict the expenditures for new busi
ness. • *.
The Various Department-*.
The several departments of the com
pany are conducted with ability and
The Medical department is thorough
ly systematized in Its methods of ap
pointing and supervising local examin
ers and s/crutinizirg applications for
I The ratio, of rejected cases average
I about 8 per cent, and the districts in
I which applicants must reside are re
: stricted to the better portion of the
i United States— foreign business is
The care exercised in selecting risks
j is likewise proved by the actuary's
' calculations, showing the death rate
: to be only about 80 per cent cf that ex
pected by the mortality table, although
; the company is now thirty-eight years
I old. Care is again shown by the small
j number of cases of fraud among death
The Legal department looks after the
I titles and abstracts, and examines
; minutely into the legality of each bond
j in which the company makes invest
| ments. A careful inquiry into the de
; tails of this department will be found
in the attorney general's report.
! The Actuarial department is well
; systematized and equipped, making it
; easy to acquire any information de-
I sired. The card system is used in this
i and several other departments with
j good effect and to an. extent not usual
, ly found.
I The Financial department, with the
! aid of the Finance committee of seven
trustees, is an extensive affair. This
committee meets several times a week
and passes upon every investment. The
minutes of their transactions, as well
as the character of the investments,
indicate careful and intelligent dis
_.£u c . Agenc3 department is managed
with the assistance of the Committee
on Agencies and Insurance. The in
creasing new business and advance in
insurance outstanding from year to
year are evidences of competency. The
company gives no bonuses, allowances
T la! 'i '"* s to agents. Agents are un
der bond and . losses from default are
few and ,small in amount . Agents'
debit balances and commuted commis
sions are noticeably small. "-*"" 1 *""*"- 3 -
The Examining committee is com
posed of three trustees whose duty it
is twice a year (Dec. 31st and June 30th)
to count all the assets, compare vouch
ers and checks with the cash books,
check all the entries which finally cul
minate in the ledger, and verify the
trial balances from which the publish
ed and sworn statements are made up.
This work was . found to have been
faithfully don© both for Dec. 31 189*
and June. 30. 1895. - '
No expenditures for illegal or improp
er purposes have been discovered
The custody of securities is in the
hands of the president and second vice
Bonds with two sureties for $'0 000
are given by the president, secretary
cashier and treasurer. All officers
and office employes are salaried and
receive no other compensation. No
one, except agents, derives any com
mission upon the business.
The company's treatment of policy
holders is eminently fair. All privi
leges and benefits given to new policy
holders as to loans, rates of interest
surrender values, guarantees, freedom
of occupation and residence, ,are ex
tended at once to the old.
Every facility in making this exam
ination has been cheerfully extended
by the officers and clerks over a period
of more than two months, frequently
entailing night work and considerable
interruption to current business and
suspensions of vacations. The new bus
iness written by the company, how
ever, during this period has been as
large as for corresponding date in any
previous year of its history.
The commission has found little to
criticise and much to commend. It is
a pleasure to congratulate the policy
holders of the Northwestern Mutual
Life Insurance company upon having
their interests guarded by so efficient a
board of officers, and the highest com
pliment that can be paid Is. that this
examination has demonstrated that the
company in its dealings with its policy
holders and beneficiaries and its finan
cial management has lived up to that
high standard of reliability which has
gained for it the confidence of the peo
ple and made its grand success possi
ble.. Respectfully submitted.
WILLIAM A. FRICKE,
Commissioner of Insurance, Wisconsin,
GEORGE S. MERRILL.
Insurance Commissioner, Massachu
v BRADFORD K. DURFEE.
. Superintend of Insurance, Illinois.
J. E. HIPFLE. .
Commissioner of Insurance, South Da
kota. ' - ■
- EUGENE MOORE.
Auditor of Public Accounts, Nebraska.
To the Kditer: Flon«e infoim your rend
ers thai I have .i positive remedy for the
nbove-nfisiifd disuse. ■ ]:•; it- timely iiso
thoo-nnd-ol hof eiess rat-en hnve been pcr
miineii:l.- cured. i Oi»!l i,, |*l-_ to send
pw'J-'>ttlc? of my roii*e"\ fr -•■ In any cf
your readers who hnve cnitMimption if the
will send me their express ruid |<oJton*ce'a'd
dress. -*t: A. Slocum, .M. C, 183 Penrl St.
No v York. < 'w-- ■' '" '■ '
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then consider these prices:
The nobbiest made, $185,
Otter Jackets, of finest
Hudson's Bay skins, $100,
The best made Astra
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Our line of Capes is the
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Mail orders promptly at*
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