Langley's San Francisco directory for the year commencing 1894, Part 368

Author:
Publication date: 1880
Publisher: San Francisco : Francis, Valentine & Co.
Number of Pages: 1704

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SAN FRANCISCO

FOR THE YEAR BEGINNING

APRIL, 1894

1514

SAN FRANCISCO DIRECTORY.

THE

Bank of California

SAN FRANCISCO.

Capital $3,000,000 00

Surplus and Undivided Profits, Jan. 1, 1894, 3,247,584 02

WILLIAM ALVORD President

THOMAS BROWN Cashier S. PRENTISS SMITH Assistant Cashier

I. F. MOULTON Second Assistant Cashier

ALLEN M. CLAY Secretary

CORRESPONDENTS:

New York Agency of the Bank of California

Virginia City Agency of the Bank of California

Boston Tremont National Bank

Chicago Union National Bank

St. Louis

Boatmen's Bank

Australia and New Zealand. The Bank of New Zealand

London

Messrs. N. M. Rothschild & Sons

China, Japan, India and Australia Chartered Bank of India, Australia and China

The Bank has an Agency at Virginia City, and Correspondents in all the principal Mining Districts and interior towns of the Pacific Coast.

Letters of Credit issued, available in all parts of the World.

Draw Direct on . . . .

London, Dublin, Paris, Berlin, Bremen, Hamburg, Frankfort O .- M., Copenhagen, Stockholm, Christiania, Locarne, Genoa, all cities in Italy and Switzerland, Melbourne, Syd- ney, Auckland, Hongkong, Shanghai, Yokohama, Salt Lake, Denver, New Orleans, Portland, Or., Los Angeles.

1515

BANK DEPARTMENT.

THE

Anglo = Californian Bank

(LIMITED.)

LONDON OFFICE -

3 ANGEL COURT -

SAN FRANCISCO OFFICE

N. E. COR. SANSOME AND PINE STREETS

Authorized Capital Stock,

$6,000,000

Subscribed,

3,000,000

Paid in, -

1,500,000

Surplus, -

660,000

Remainder Subject to Call.

DIRECTORS IN LONDON:

E. H. LUSHINGTON,

JOSEPH SEBAG,

ISAAC SELIGMAN, J. SIMON,

J. SIMON, Managing Director, London.

CORRESPONDENTS AND AGENTS:

J. & W. SELIGMAN & CO. NEW YORK

MASSACHUSETTS NATIONAL BANK. . BOSTON

CENTRAL NATIONAL BANK ..

PHILADELPHIA

MERCHANTS' LOAN AND TRUST CO . CHICAGO

NATIONAL BANK OF COMMERCE.

ST. LOUIS

OHIO VALLEY NATIONAL BANK

. CINCINNATI

STATE NATIONAL BANK.

NEW ORLEANS

NATIONAL BANK OF. COMMERCE.

KANSAS CITY

BANK OF MONTREAL ..

BRITISH COLUMBIA AND CANADA

. PARIS

GEBRUDER MEYER

. BERLIN

M. M. WARBURG & CO

HAMBURG

D. B. ADLER & CO.

COPENHAGEN

OESTERREICHISCHE CREDIT ANSTALT

. VIENNA

BANQUE DE LA SUISSE ITALIENNE LOCARNE

NIEDERSAECHSISCHE BANK BREMEN

BANCO NACIONAL de MEXICO BRANCHES.

MEXICO

CLAUS SPRECKELS & CO

HONOLULU, H. I.

China, Japan and East Indies : Chartered Bank of India, Australia and China.

Australia and New Zealand:

Bank of Australasia and Branches. Union Bank of Australia.

BILLS OF EXCHANGE, COMMERCIAL and TRAVELERS' LETTERS OF CREDIT Issued, Collections made, and Stocks, Bonds and Bullion Bought and Sold on most favorable terms.

Managers in San Francisco :

IGNATZ STEINHART.

P. N. LILIENTHAL

SELIGMAN FRERES & CIE.

SELIGMAN & STETTHEIMER

. FRANKFORT

1516

SAN FRANCISCO DIRECTORY.

LONDON & SAN FRANCISCO BANK

(LIMITED.) 424 CALIFORNIA STREET.

Authorized Capital,

$3,500,000

Capital Subscribed and Fully Paid,

- 2,450,000

Reserve Fund,

490,000

DIRECTORS :

GEORGE WILLIAM CAMPBELL, EsQ ... of Messrs. Finlay, Campbell & Co. HENRY GOSCHEN, ESQ . of Messrs. Fruhling & Goschen CHARLES HEMERY, EsQ .. Director of London and River Plate Bank, L'ted WILLIAM NEWBOLD, EsQ. .. Director of Mexican Railway Co., L'ted ROBERT RYRIE, ESQ . Director of London Joint Stock Bank, L'ted NORMAN DUNNING RIDEOUT, EsQ. Banker, Marysville

ROBERT DAVIE PEEBLES, ESQ Managing Director

Head Office: 73 Lombard Street, London.

London Bankers

...

Bank of England

London Joint Stock Bank, Limited

PORTLAND BRANCH :

48 FIRST Street

WILLIAM MACKINTOSH, Manager.

TACOMA BRANCH :

1156 PACIFIC Avenue

T. V. WALTER, Manager.

This Bank is prepared to issue Commercial and Travelers' Letters of Credit, available throughout the world, and to transact every description of

Banking and Exchange Business.

Draws on all the principal cities on the Continent of Europe, on India China, Australia, New Zealand, Scotland and Ireland.

AGENTS AND CORRESPONDENTS.

NEW YORK Messrs. Drexel, Morgan & Co.

PHILADELPHIA Messrs. Drexel & Co. BOSTON. Third National Bank

CHICAGO Union National Bank And in all the principal cities in the United States.

INDIA AND CHINA.

Chartered Bank of India, Australia and China

Bank of New South Wales

AUSTRALIA AND NEW ZEALAND

Union Bank of Australia, Limited

National Bank of New Zealand, Limited

Correspondents also in MEXICO, SOUTH AMERICA and CUBA.

ARTHUR SCRIVENER, Manager.

WILLIAM STEEL, Asst. Manager.

GUSTAV FRIEDERICH, Cashier.

1517

BANK DEPARTMENT.

THE&

DONOHOE-KELLY BANKING CO. BANKERS

Northeast Corner Montgomery and Sutter Streets, SAN FRANCISCO.

EUGENE KELLY & CO.

NEW YORK.

DRAW EXCHANGE ON

BANK OF NEW YORK, N. B. A. New York

EUGENE KELLY & CO New York

HIBERNIAN BANKING ASSOCIATION. Chicago STATE NATIONAL BANK New Orleans

CITIZENS' SAVINGS BANK St. Louis FIRST NATIONAL BANK. Portland, Oregon

CONSOLIDATED BANK, Limited

London

SMITH, PAYNE & SMITHS London BANK OF IRELAND Dublin

ANDRE NEUFLIZE & CO Paris

And throughout Germany and other European Cities.

1518

SAN FRANCISCO DIRECTORY.

SAN FRANCISCO

SAVINGS UNION

532 CALIFORNIA STREET

CORNER OF WEBB STREET, - SAN FRANCISCO, CAL

BRANCH OFFICE, 1700 MARKET ST., COR. POLK.

Deposits, December 31, 1893 $25,217,715 Guarantee Capital and Surplus 1,504,695

DIRECTORS:

ALBERT MILLER, President, E. B. POND, Vice-President, J. G. EASTLAND, THOMAS MAGEE, CHARLES PACE, GEO. W. BEAVER, GEORGE C. BOARDMAN, D. E. MARTIN, W. C. B. DE FREMERY.

LOVELL WHITE, Cashier.

LOANS UPON SAN FRANCISCO AND OAKLAND REAL ESTATE AND FARMS AND FARMING LANDS IN THE COUNTRY,

Receives Deposits. Country Remittances may be sent by Wells, Fargo & Co., or by checks of reliable parties, payable in San Francisco, but the responsibility of this Savings Bank commences only with the actual receipt of the money. The signature of the depositor should ac- company the first deposit.

NO CHARGE IS MADE FOR PASS-BOCK OR ENTRANCE FEE.

OFFICE HOURS 9 A. M. to 3 P. M.

Saturday evening, for receipt of Deposits only, 6:30 to 8.

1519

BANK DEPARTMENT.

THE GERMAN SAVINGS AND LOAN SOCIETY

GUARANTEED CAPITAL, $1,200,000 RESERVE FUND - 570,000

526 CALIFORNIA ST.

Office hours from 9 A. M. to 3 P. M. Extra hours on Saturdays from 7 to 8 P. M. for receiving deposits only.

Loans Made on Real Estate and Other Collateral Security

-AT-

Current Rates of Interest.

THINKi Miner NUL!

EDWARD KRUSE

President

B. A. BECKER.

Vice-President

GEORGE H. EGGERS

Second Vice-President

A. H. R. SCHMIDT

. Cashier

WILLIAM HERRMANN

Assistant Cashter

GEORGE TOURNY

. Secretary

A. H. MULLER

Assistant Secretary

W. S. GOODFELLOW

Attorney

BOARD OF DIRECTORS:

EDWARD KRUSE,

GEORGE H. EGGERS,

H. HORSTMANN,

F. TILLMANN, H. L. SIMON, B. A. BECKER,

IGN. STEINHART,

O. SCHOEMANN, DANIEL MEYER.

DIUNICHE SPAR& LEIH BANK

1520

SAN FRANCISCO DIRECTORY.

SAVINGS AND LOAN SOCIETY.

Incorporated July 23, 1857. 101 MONTGOMERY STREET, CORNER OF SUTTER (FORMERLY 619 CLAY STREET.) SAN FRANCISCO, CAL.

THE OLDEST SAVINGS BANK IN THE STATE.

Guaranteed Capital and Reserve Fund .

$1,175,000

DIRECTORS.

HORACE DAVIS, ISAAC HYDE, S. C. BIGELOW, E. W. BURR,

G. E. GOODMAN, A. A. SMITH,

A. N. DROWN, F. H. WOODS, W. E. DAVIS.

S. C. BIGELOW, President.

A. A. SMITH, Vice-President.

OFFICERS. CYRUS W CARMANY, Cashier and Secretary. E. BONNELL, Asst. Cashier and Sec.

A. N. DROWN, Attorney.

TERM AND ORDINARY DEPOSITS RECEIVED.

Deposits from the interior or from any part of the United States or Europe, may be sent by express, or by drafts on any business or banking house; but in no case will the corporation be liable for their safe delivery.

Interest or principal sent to the interior, or any part of the United States or Europe, on receipt of the proper order, accompanied by the pass-book.

Deposits received of $1 and upwards. The signature of the depos- itor should accompany the first deposit. No charge is made for pass book or entrance fee.

Dividends not drawn will be considered as deposits made on the first of the month in which the dividends may be payable.

Loans made at lowest rates on approved collaterals and on City and Country Real Estate.

1521

BANK DEPARTMENT.

THE FIRST NATIONAL BANK

OF SAN FRANCISCO, CAL. N. W. CORNER BUSH AND SANSOME STREETS.

Paid up Capital

Surplus. . .

Undivided Profits

$1,500,000 00 800,000 00 75,000 00

S. G. MURPHY President.

JAMES MOFFITT Vice-President.

E. D. MORGAN

Cashier.

JAMES K. LYNCH Assistant Cashier.

DIRECTORS:

S. G. MURPHY. JAMES MOFFITT, GEO. C. PERKINS.

GEO. A. LOW, JAMES D. PHELAN, N. VAN BERGEN,

THOS. JENNINGS, J. A. HOOPER.

SAFE DEPOSIT DEPARTMENT. Steel Safes Rented from $5.00 a year upwards. Trunks and Packages Stored at Reason- able Rates. Absolute Security for Valuables.

Prompt and Careful Attention to Customers. OFFICE HOURS, 8 A. M. TO 6 P. M.

THE BANK OF BRITISH NORTH AMERICA.

Established in 1836. Incorporated by Royal Charter.

PAID UP CAPITAL,

$4,866,500

RESERVE FUND,

1,338,000

Head Office, 3 CLEMENT'S LANE, LONDON, ENGLAND.

SAN FRANCISCO AGENCY

No. 120 Sansome St.

COMMERCIAL CREDITS ISSUED

For use in Europe, China, Japan, the East Indiea, South America and Australla.

Demand and Time Billa of Exchange, payable in London aud elsewhere, bought and sold at current rates; also Telegraph Transfers.

Demand Drafts on Scotland and Ireland ; alao ou Canada, New York, Chicago, British Columbia, Aus- tralia and New Zealand.

Bille collected and other Banking Business transacted. Intereat allowed on special deposits.

H. M. J. McMICHAEL, ! Agents. J. C. WELSH,

1522

SAN FRANCISCO DIRECTORY.

The Sather Banking Co. S. E. COR. PINE AND SANSOME STREETS, SAN FRANCISCO.

CAPITAL,

$1,250,000.

Successor to SATHER & CO. Established 1851.

JAS. K. WILSON,

President.

OFFICERS: O. F. A. TALBOT, Vice-President. DIRECTORS :

L, I. COWGILL,

Cashier.

C. F. A. Talbot, Albert Miller, E. A. Bruguiere,

Frank W. Sumner,

Jas. K. Wilson,

W. P. Johnson, C. S. Benedict.

SELL BILLS AND TELEGRAPHIC EXCHANGE ON

Drexel, Morgan & Co.,

New York.

Drexel & Co., .

Philadelphia.

Downer & Co.,

Boston.

Make collections in all parts of the United States. Isque Lettere of Credit on MESSRS. BROWN, SHIP- LEY & CO, London, and MESSRS. DREXEL, HARJES & CO., Paris, which are exchangeable for Travelers' Credite, available in all parts of the World. Also draw Exchange on London, Paris, Hamburg. Cologne, Berlin, Bremen, Cassel, Frankfort on Main, Leipsic, Stuttgart and Barle.

THE BANK OF BRITISH COLUMBIA (Incorporated by Royal Charter.)

S. E. COR. BUSH AND SANSOME STREETS

London Office, 60 Lombard Street.

PAID UP CAPITAL, RESERVE FUND, -

$3,000,000

1,300,000

Branches. VICTORIA and VANCOUVER, BRITISH COLUMBIA; PORTLAND, OREGON; SEATTLE and TACOMA, WASHINGTON. Sub-Branches.

KAMLOOPS, NANAIMO, NELSON and NEW WESTMINSTER, BRITISH COLUMBIA

Agents. .

NEW YORK-Merchants' Bank of Canada. CHICAGO-First National Bank.

BOSTON-Merchants' National Bank.

CANADA-Canadian Bank of Commerce.

ENGLAND-National Provisional Bank of England, Bank of Liverpool, North and South Wales Bank.

IRELAND-Bank of Ireland. SCOTLAND-British Linen Company's Bank.

AUSTRALIA and NEW ZEALAND-Bank of Australasia. English, Scottish and Australia Chartered Bank, Commercial Banking Company of Sydney. Bank of New Zealand an National Bank of Australasia.

CHINA and JAPAN-Chartered Bank of India, Australia and China. | MEXICO-London Bank of Mexico.

SOUTH AMERICA-London Bank of Mexico and South America.

1523

BANK DEPARTMENT.

THE MUTUAL SAVINGS BANK

OF SAN FRANCISCO. No. 33 Post Street, below Kearny.

JAMES G. FAIR, JAMES D. PHELAN, ) S. G. MURPHY,

OFFICERS.

President

Vice- Presidents

DIRECTORS. JAMES MOFFITT, CHAS. CADWALADER.

JAMES G. FAIR.

JAMES D. PHELAN.

J. A. HOOPER,

S. G. MURPHY,

C. G. HOOKER, FRANK J. SULLIVAN. L. P. DREXLER.

Interest Paid on Term and Ordinary Deposits. Loans on Approved Securities.

GEORGE A. STORY, Cashier.

FRANK J. SULLIVAN, Attorney.

THE HIBERNIA SAVINGS AND LOAN SOCIETY.

INCORPORATED 12th APRIL, 1859.

OFFICE: MARKET, MCALLISTER AND JONES STREETS SAN FRANCISCO.

The objects for which this Association is formed are, that by its operations the Depositor thereof may be able to find &

Secure and Profitable Investment for Small Savings

And borrowers may have an opportunity of obtaining from it the use of a moderate capital, on giving good and sufficient security for the use of the ssme.

OFFICERS:

PRESIDENT. JAMES R. KELLY. | SECRETARY AND TREASURER ROBERT J. TOBIN. ATTORNEY. ALFRED TOBIN.

Any person can become a depositor of this society on subscribing to the By-Laws.

Deposits can be made from ONE DOLLAR. Loans made on Security of Real Estate within the City and County .

1524

SAN FRANCISCO DIRECTORY.

LONDON, PARIS AND AMERICAN BANK

(LIMITED.)

Northwest Cor. Sansome and Sutter Sts., San Francisco.

Subscibed Capital Paid Up. 2,000,000 800,000

Reserve Fund.

$2,500,000

SIG. GREENEBAUM. CHARLES ALTSCHUL, Managers.

HEAD OFFICE;

58 OLD BROAD STREET, LONDON, E. C.

AGENTS.

NEW YORK. . Agency of the London, Paris and American Bank (Limited) 10;Wall Street PARIS. . Messrs. Lazard Freres & Cie, 17 Boulevard Poissoniere

Bills of Exchange and Telegraphic Transfers bought and sold ou Great Britain, Ireland, France, Ger many, Belgium, Holland. Switzerland, China, Japan, Australia, Central and South America and principal cities of the United States.

COMMERCIAL and TRAVELERS' CREDITS issued, available In all parts of the world. COLLECTIONS MADE at current rates of exchange.

CERTIFICATES OF DEPOSIT issued and deposita on open accounts received. All kinds of BONDS bought and sold.

BULLION BOUGHT AND SOLD.

There are over 180,000 Germans on this Coast. If you want their trade advertise in the Germania®

ILLUSTRATED MAGAZINE

1196 TREAT AVENUE

SAN FRANCISCO, CAL.

1525

SAN FRANCISCO DIRECTORY.

LANGLEY'S

SAN FRANCISCO DIRECTORY.

PUBLISHED ANNUALLY.

APRIL, 1894.

PRICE. FIVE DOLLARS PER COPY.

THE BEST ADVERTISING MEDIUM IN THE CITY.

HERE IS NO OTHER CITY DIRECTCRY, consequently its circulation is as large as the population of San Francisco. In fact, it is larger, because it circulates all over this Coast, and many copies go East. It is not thrown away like a paper, but is kept for a year where it can always be referred to. 1

For Advertising Rates apply to

LANGLEY'S SAN FRANCISCO DIRECTORY

518 CLAY STREET.

1526

INSURANCE DEPARTMENT.

H. M. NEWHALL & CO.,

SHIPPING AND COMMISSION MERCHANTS, - AND

Fire and arine nsurance

agents

309-311 SANSOME STREET.

OCEAN MARINE

INSURANCE COMPANY (Limited) OF LONDON, ENGLAND.

CAPITAL

$5,000,000.

ATLAS

ASSURANCE COMPANY OF LONDON.

CAPITAL $6,000,000.

LOCAL DIRECTORS:

Gilbert Palache, Henry F. Allen,

Goo. A. Newhall,

Frank J. Devlin, Manager.

NATIONAL ASSURANCE COMPANY OF IRELAND.

CAPITAL $5,000,000.

1527

SAN FRANCISCO DIRECTORY .

Aggregate Indemnity over $60,000,000.

CONNECTICUT FIRE INSURANCE CO.

QUEEN INSURANCE CO

BOYD & DICKSON, City Agents

501 Montgomery Street

ROYAL EXCHANGE ASSURANCE.

Established 1720.

NATHAN & KINGSTON, City Agents.

.401 Montgomery Street

General Offices : N. W. Cor. California and Montgomery Streets, SAN FRANCISCO. ROBERT DICKSON, Manager.

Solid Fire Assets,

Cash Capital,

$10,807,666 64 4,000,000 00

LARGEST INSURANCE COMPANY IN AMERICA! NONE BETTER IN THE WORLD!

$3,782,600 00 - Paid in a Single Fire at Chicago

$1,600,000 00 -

Paid in a Single Fire at Boston

LOSSES PAID IN 75 YEARS, OVER $72,000,000.

INSURE WITH

THE ÆTNA OF HARTFORD, CONN.

The Largest Capital ! The Largest Assets! The Largest Surplus of any American Co .!

GEO. C. BOARDMAN, Gen'l Agent. T. E. POPE, Ass't Gen'l Agent.

LOUIS MEL, Special Agent and Adjuster. E. C. MORRISON, Special Agent and Adjuster.

NO. 514 CALIFORNIA STREET SAN FRANCISCO, CAL.

1528

INSURANCE DEPARTMENT.

ROLLA V. WATT Manager.

CASH ASSETS $50,000,000.00.

ROYAL

NORWICH

AND

UNION+

LIVERPOOL," ENGLAND.

OF INSURANCE COMPANIES SOF 2% NORWICH ENGLAND.

HEAD OFFICE: N. E. COR. MONTGOMERY AND SACRAMENTO STS.

HELVETIA SWISS FIRE INSURANCE CO.

OF ST. GALL.

CAPITAL SUBSCRIBED AND GUARANTEED, $2,000,00

Swiss Marine Insurance Co's. Combined,

Capital Subscribed and Guaranteed, $4,000.000.

HARRY W. SYZ, General Agent.

410 CALIFORNIA STREET,

San Francisco.

845.

1894.

UNPARALLELED RECORD OF THE

Mutual Benefit Life

INSURANCE CO. OF NEWARK, NEW JERSEY.

AMZI DODD, PRESIDENT.

Assets,

Jan. 1, 1894, $53,346,092.82

Cash Dividends Paid Policyholders, - $43,706,710.98

ANNUAL DISTRIBUTION of Surplus

PAYS THE LARGEST AVERAGE DIVIDENDS OF ANY COMPANY,

and Dividends are Payable at the end of the First and Each Succeeding Year.

AFTER SECOND YEAR

All Policies ABSOLUTELY NON-FORFEITABLE and INCONTESTABLE.

A Dollar's Worth of Insurance for Every Dollar.

Members unable to Continue Payments do not forfeit their Policies,

Insurance Continued for FULL AMOUNT until FULL VALUE of Policy is Exhausted.

. Specimen Policy, Premium Rates and Strong Points on' Following Pages.

THE BEST CONTRACT EVER OFFERED.

JAS. MUNSELL, JR., Manager, 415 Montgomery St., San Francisco.

The Mutual Benefit Life Insurance Co. of Newark, N. J.

In a mutual life insurance company, every dollar saved in expenses is a dollar added to dividends, and a dollar saved in the actual cost of insurance. By reference to the following pages it will be seen that The Mutual Benefit i conspicuous for its economical management and for the magnitude of it dividends. The past record of the Company, taken together with the unequaled liberality of its policy contract and its unsurpassed reputation for fair dealing with its members, prove that the Mutual Benefit furnishes the best insurance at the lowest cost price. The policies of The Mutual Benefit are liberal in every regard; there is no limit of travel, residence or occupation, after two years. After the same period the policy is absolutely incontestable, except for non-payment of premium. It, in fact, does'precisely what it claims to do- insures a man's life without quibble or chance for it. Of equal, if not still greater importance is the question of surrender value, or how a man will be treated by a company when he surrenders his policy or cease payment on it. The Mutual Benefit gives to such a man the full value of his policy computed by the highest standard, either by extending the full amount of the policy for such time as the value will pay for, or to the purchase of a paid-up policy. It is the only company which does this.

The Mutual Benefit Life Insurance Company is also extremely libero in the payment of cash values to those who desire to discontinue then insurance, and loans in cash upon its policies up to 50 per cent of theu value where valid assignments of the policies can be made as collater K security. In economy of management, in largeness of dividends, in the liberality of policy, in absolute non-forfeiture and in fair dealing wit members, it is excelled by no company, and furnishes all that can b furnished by any Life Insurance Company.

The Most Liberal Advantages Secured by Contract in Policy.

All kinds of [Approved Policies issued on the Life. Endowment, Accelerative Endowment, Modi. Endowment, and Optional Endowment Plans, on lives between the ages of 14 and 70 years, for any am froml $500 to $25, 000. Also Annuities, Present and Deferred. Claims paid immediately on con pletion and approval of proofs. No entrance fee. No fee for Medical Examination.

For' Estimatea, Specimen Tables, etc., send your name, address, age, kind of policy and desired, and a statement will be mailed, showing the cost and advantages of the same.

Seo Specimen Policy and Premium Rates on following pages.

1530

SPECIAL AND PECULIAR ADVANTAGES OF A

MUTUAL BENEFIT POLICY

Which are Not Combined in the Policies of any Other Company.

Large Dividends which are declared and paid ANNUALLY at the end of the jest and each succeeding year, so that there are no withheld Dividends to be rfeited in case of death or lapse of the Policy.

Equitable Surrender Values, which are indorsed on the Policy, so that the nsured can stop paying Premiums without any loss by forfeitures.

The Insured may stop Premium payments, and take his choice of Extended nsurance in the full amount of the Policy for as long a period as the value of the Policy will pay for at low term rates, or of a Paid-up Policy for a reduced mount payable whenever death occurs.

The Insured may borrow money (from the Company) on the Policy as per latement indorsed thereon, and thus prevent the lapse of the Policy if he Appens to be short of funds, or he may secure a cash loan to meet any udden emergency.

If the Insured forgets to pay a premium on the day it is due, his insurance is ontinued in force by the Company without action on his part. If he well, he has ample time to pay up his arrears; while if he is sick, he is protected by his Extended Insurance.

Example of Lapsed Policies Paid in Full.

POLICY No. 109, 784, on the life of Mr. Thomas Bennett, of San Francisco, Cal., - as issued in 1882, for $5,000, only 10 premiums being paid.

Mr. Bennett died in March, 1894, nearly two years after the lapse of the Policy, which, however, was promptly paid in full-85,000-by the Company.

This Rule Applies to all Policies, Giving, at Age 35, on the Annual Life Plan,

OVER 4 YEARS' INSURANCE FOR 2 YEARS' PREMIUMS;

OVER 10 YEARS' INSURANCE FOR 5 YEARS' PREMIUMS;

OVER 20 YEARS' INSURANCE FOR 10 YEARS' PREMIUMS.

Or Paid-up Policy is issued if preferred.

On other Plans the Value and Extension are very much greater.

47 LAPSED POLIOIES, insuring $123,620, were PAID IN FULL by the Company in 1893, under its NON-FORFEITURE and EXTENSION SYSTEM.

Why run the risk of forfeiture? or why trust to the uncertainties of the Lesessment plan, when you can get ABSOLUTELY NON-FORFEITABLE INSURANCE at the LOWEST NET COST In The Mutual Benefit Life Insurance Company of Newark, New Jersey.

To such as desire insurance with the least possible Cash Outlay the Company offers the privilege of the 30 PER CENT PREMIUM LOAN PLAN. 1531

The Mutual Benefit Life Insurance Co. of Newark, N.

Paid Policyholders Since Organization in 1845:

Policy Claims $70,031, 433 60

Surrendered Policies. 17,488,084 1

Dividenda

43, 706, 710 9

Total. $131, 226, 228 71

Present Assets

53,346, 092 8

Total Cash Benefit to Members $184, 572, 321 5

Amount Received from Members (Premiuma) 153,519,099 3-

Amount of Benefit to Members above Amount Received 831,053,222 2

Total Amount of Insurance in force Jan. 1894 202, 276, 750 0

The Mutual Benefit Life Insurance Company is particularly noted for four thing of the very greatest importance to insurers.

1. It has been, and is the most economically managed Company.

2. It has paid, and does pay the largest average dividends.

3. It has furnished, and still does furnish the cheapest insurance.

4. It has held its membership better than any other Company.

1. ECONOMY. 2. DIVIDENDS.

TABLE SHOWING THE RELATIVE STANDING OF THE VARIOUS COMPANIE

For Eleven Years (1881 --- 1891).

1893.

COMPANIES.

Premiums Received (11 years).

Dividends Paid Policyholders (11 years).

Ratio of Expenses (including Taxes) to

Mean Am't lugnred.

Income.

Ratio of Dividends to Premiums

Total Dividend Paid in 1893.

Mutual. Benefit, N. J. $53,537,967

$13,749,948

.61

12.7

25.7

$1,698,938

Connecticut Mut., Conn ...

50,978,662

13,061,487

.67

13.4

25.6

1, 2 5 6, 2

New England Mut., Mass ..

24,982,601

·5,705,598

.66

14.0

22.8

668, 9

Penn Mutual, Penn.

25,283,153

4.778,434

.95

18.4

18.9

768.184

Ætna, Conn.

34,847,594

6,229,925

.74

14.4

17.9

7 19, 64

Northwestern, Wis.

57,225,522

9,818,254

.88

17.8

17.2

1,143. 9

In all other Companies expense of management was greater and dividends were less.

3. COST OF INSURANCE,

As shown by examples of five similar life policies in five different Companies.

NAME OF COMPANY.

Number of Policy.

Total Premiums (7 years).

Total Dividends (7 years) .

Net c (7 years

Mutual Benefit, New Jersey.

127,278

$3,112 20

$612 90

$2,499

Mutual Life, New York.

271,785

3,248 00

645 80

2,602

Connecticut Mutual, Conn.

175,880

3,049 20

397 70

2,651

Penn Mutual, Penn

40,765

3,234 00

589 30

2,644 7

Provident Life and Trust

26,040

3.150 00

431 10

2,718

PER CENT.

PFR CENT.

In other Companies cost of insurance was greater.

1532

4. ADHERENCE OF MEMBERSHIP.

The following table from sworn state- .

ments and official sources proves the great popularity of the Mutual Benefit as compared with other companies :

NAME OF COMPANY.

Policies in force

at the end of

1871, and whole

aince

ceased

issued. Number

Mutual Benefit ...

136,207 44,025

Prov. Life & Trust, Pa,

43,909 16,092 365

Mass. Mutual

59,573, 24,314

Penn Mutual.

63,747

27,643

Mutual Life.

385,305,

66,716

Germania.

74,533

33,255

Atna ..

185,460

82,337

New York Life

346,910.

55,399

Travelers'.

57,635

26,099

Conn. Mutual.

143,569

65,173 452

National.

42,943

19,439 452

Northwestern.

196,893

90,947

New Eng. Mutual .:.. Equitable.

69,993

403,752

Manhattan ..

53,029

27,198|

Home ...

40,153

22,844

Berkshire ..

28,320

20,524 12,246

Union Central.

76,953

45,316

Phoenix .

89,659

53,307

Washington

59,726

37,079

United States.

52,351 33,639

Union Mutual

76,216 51,010

Brooklyn ...

23,169 17,865|

to be in force by surrender, lapse and " not taken." ated to each 1,000 in force. Number termin- 328 422 431 433 443 445 448 451 462 485 98,527| 491 513 571 575 16,112 583 588 592 618 671 646 1845. STEPHEN P. LEEDS, of San Francisco, Cal., policy No. 151, issued at age 32, for $2,000, 33,971

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Langley's San Francisco directory for the year commencing 1894, Part 368

Author: Publication date: 1880 Publisher: San Francisco : Francis, Valentine & Co. Number of Pages: 1704

Author:
Publication date: 1880
Publisher: San Francisco : Francis, Valentine & Co.
Number of Pages: 1704