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Show Auditorium Boiler Bmk for nice people, y Office outfitters, Ketty ft Co. Let Kelly t Co. print it. Blank books to order, Kelly & Co. rvPT ANP MRS. BRYANT H WFI I of For- Poi.gias ?ae a vecepflor to the "officers and lvlies of -he po't !' . I evening . n Legal blanks. Kelly k Co. OUR WATCHWORD: "First, last and all the time, a business in every respect beyond reproach," I J, MldropoDlaitro Of e DirosMraiiriics u (INCORPORATED BY THE STATE OF NEW YORK. STOCK OOMPANY.) "The Company OF the People, BY the People, FOR the People." Review fl 906 aid Aiiiiceiieit tor Ml? .To -the Field Force. Bulletin No. 475 New York, December 8th, 1906. GEXTLKMEX: i ten vears, as vou know, mainlv upon FlnHonn.ent table?. 1 tn i ra- of I'Hiniurv. ilur'nc the wiio'.c ,t' iifejvhile ui.ier ov.r new ;h!es cn he rnadV 'vTe hare ,i:.-ont:niied msnv plan ss i;r.neeesarv. inc Life ami Kn'lowment policies an I T"n'-vpnr I ".n c w iticn s (. incut t" premium ceases a' age 7". H hall iMsue OHinarv Life. Limited Pavment. Kndowment and It is ou? ct'frtom to addr- vou ea- h Near at the tin.e o' etir forming a vrrv largo proportion, in sonie vea rs over per cut. have i:i.-te.ic, ti- iti:nedi.ite benefits under ,.f these Term plans; ani we have applied for permission anl hope to issue annual Superintendents' Convention. I'suallv this is he?.-) hi;t t f our total btisines. One lisalvaptage ,,t th tab'e has e.-n us in a. nla e wt'i the rile we t.. ! rr-s:-! n 'irs v eir. "; :fl-Ltion three plans which the public have stamped with their th m;,lrtMe , Tannnrv and the t .toe of .(,,' RIM I KTt ;fc n - ,,,at ' largelv mnrasel the reserve. Our el-1 Llreps he,.-, , I,,;' .,., tits .r.ir:-ig t he f:st m ino:;:hs. ..Pel f .1! 1- t-.-P's '.'.ere approv.,!-- iiMi'lr, the Opttorul Life or Endowment, under a new the miaaie Lt Januarv. ana tne t t of the HLLI.hll.N is hjfp an,, Kn.lowmenf police have been .n lowmc t parable " na-oe. tn Mod.rtM Fndowment with Life Option; the Guarantee,! urally the Annual .Statement of tne ( ompanv. Thi nr the nftrr periods of 47 vear anl nr.wanls aceor.lmg to aK,. m ' tl)Ni, j , r,i ..,.r.) ,,,,,, ' , , nn f..,,,,,,, ,., riviiend. .-lo under a new and more des.-npt ive name, the (,nar- Purxrintendents meet in eonvevMon the middle of ecen r.er. ar i 'Ctnpa'ed with the Whole Life tables i.ued bv oth.r . or on f ' "" " r' , 11 " . !' "7 V" " nPn ' '!". '' a feed ln reaseil End-vwiiieiu : nd 'he Ked ;ce.1 Premium Life un- obviouslv the reeord of the ,.-r is not made up. and : vvo14ld ,h" have made n-rarv the accumulate,, f n r.!t6e VJ',-. nV.'.'I'.r T. r , , x r ."leT , n -u ra't-e" , iTbe , , n', 4 aV ,i"r r,w n;im'- I-,f'" "h M 1 Premium after 20 ears. . " . , . f . , , ' . manv millions ,.f .(..liars in reserve. T nthinkinc t" m. .-Tie t . , ,, ... . , Y iJ , . .enrlmen. we Hr enri'.-d to Mv thnt the rra,rrj Inves.i W i.remature to set forth ' ittps- ot the nrwrv n , . . .. .-. i ru . . . r "ir." ears ; the holder; and .-ash -.r. nd.'r.s w ' . , . . - ' , lur ;A1 '" ' ' : . 1 1 c - ' 1 the conclusion that this piles ,i the KM.iH ' tne .-...i-uiv , , , ,. .... . , ,. . i'- ' n w i, s a vin.l-caticu ot the tnethola acd pra.'ti.-es of the ' business and finances. We v-aM have something v-v p.t-x-.t forgetting that alone with the ...crease ..f assets n.ns th- .o. !... J '.'r tn's t h '' 'r r'. "a r-s i nsi r !' !!,'".' i ' i n . - rd e.- ".'"T se,n'i'i r' i i ' ' f M KTKi iPfLlTAN LIKE. The Arra-rong laws are ; manv re- to sav to vou before we .dose .out what vou have .nwrdished: of labilities, and that the WEALTH "f a . e.a., . ...!. ... r'q f J , , 4 'f' p' ' ! x"h 'i i ' '' t H'"-'' distinct re- og!iiti...i of the n-ork we have do, e together but our immediate ob.ieet is te'l VoU about o, r plass f-r r.cvt S,'R,.M'rS:. f-K1 '' "''"'"V ' r.-..a . k. ic fa. " ' ;' ' p 'J- ' . , 1 :,,'','," " 'v. f.ny vears e -hst v-v, appre.-.ate -his fa.-t to rue rni.'. M 'hat we have del.beraf ely kept d..wn our surplus '., r.t.-.. ,. ,, ,.er :' ,.",.....,... ; tr' ,i ' ,v ' " v h 'h' v," hv tnaktne T.e v.ir !C an unexampled vear "ear. eent. ot our assets bv annual distribut: ts ot th- .-t ; r .' ' . ' ,- ,- , h ' . ' -k ' . . f-vr tr,. ::e. f p.,.r policies, for larger insurance for greater I NTU ATRIAL DEPARTMENT. fl"" tne r..diev holders who e..ntr.b,itr ! ... P..bl- '7,' a'n ",,;' '.''n. ' n e 'aV-'o' -Tn, i' v v' vr , r's fo" and n,- rakens. a- a less expense.' a- a grea'er opinion has changed and n-vv . are-, :. ,e f, ,', . ' !uir U " ' ' return to ;diev-holders than vo.; have ever done. Live up to vour You have known f'.-m - . t.t"i, ad.iresses. b-.th "n and death benefits than endowment. W ;re in Icin. I "' ' blessings' Show that vv.t appre.-ia'e the reward which The 1 ei.s- written. v,hat ..i,r ambition i. , bee. tor NCRr(, , the T.)us"nl tn , l')'" public y have a good i' "t !ure 'n,, e.nfe-rcd upon vour good Work of th- na-t' Make ' , . ,, , , evidence that Ordinarv Life and Limite.i Pnvrvnu b'- o,riri. i.ii.xa., i i . t . i. , m n , ,0, tk, ,T,.. f, (,. vear ' n r he Comia n v 's h-sr orv ' part of our business. ou w. 1 bear us witness fha o-.- treat tnuffnt ,,rPfrable to Endowments We hH re-.. I- - .... ' ' ' ment of the poliev-holders has been one of progressive , ;,pra li v fore to discontinue our Increasing Life and Endownnrrt pcoi -. f 'u s'rik.ng res .-t tl-p A mtr "-e 1 nv esvga ever since the present admt.Matjon of the Companv b.gan. ' whieh were designed to meet the publt- .ien--,nd f..rm.-r!v .mmi,. 'i I't'."" yf pr-'. i.-i-n "' 'x'"n""' TH1S VEAR- ''' "" S. , - .... , r. -a . and which were vvr believe the firs tables ever reulo i e n i ,i, - . , . ( v cAX ,,t the lite ,.f the p -. . n 1 uhit - in t m'erestinj The verv flrst vear of i ts i n -: .- knrv Ca id up po ,e - r h, r ' o , rIltitrn(.tr,1 for n,rii P,,l,, ,rs Our new 1 ndust r,a i ,..... a as c..n.p:: ,e.nv-,rv t.. ' Metropolitan is -i- fact. bt.-h p V. -i hae tsr'i we' l,,s- rear. fh vear of -h- mvejtiia- fore unknown to Industrial ms-ranee in this coun" . wer.- an w,j therefore .e Whole Life .(.ntrac' Hut iu- th.uk . ..s p. I m the n.-n .pa d.ois.;,, a, . i ,, .. the a1 -pt-on . t -n. v o-i did th :a'g bustress we had ever done. The first part nou need : and everv vear air. ' then something has .., ,innp for , these t h re a re signs of a belief on the pa rt of ' i j .., i, :. ... , ,, t h. i..p..rt ard bill, that this rest r'.M ion bv 1 1 w nas .' fl-'l b. of this ip.t the par-C- 'is which seen-...). reasona ;1 unneees- Industrial poliev holders hev promise made i" -no r.,-,),. :es. p-ent of premi, trs ought t- cease with old aj. I' i ;:! ' th. . . p.-n.-n.-.- ' this ipii-v n tee matter ( r-ewe as s.n:-. to have m-on the business ir. ger.er.s.1. arpeare.1 to Bnlle'in N'o IP." set forth fves,. cneessions and b'.ie u;. : people to see what to anv mathematical.. :-. self n i e,t. that s v n bv an aua' of r, annua! reports. is tuc tcr 'tis r e efecei ev en vou -ever, mere i.n'ea.sonab! v and unneces- jtg ,iae and since then the six-m.. c- x ears hsve be.-n -ifk'd h life insurance the companies are enabl. I pa. r. . ; .... t. , , 1 p.'inv k. j-t r x;.. lis. . .il;u,s- w : t , e lum ; s. rib.-l hv- -ar',. E-n-'ing this be the f.ic. the Vice President appealed J progressive gifts and ber.eh' . Te-e.l to poliev h. '.)''. and this full of lives of those who rhe soon at't.-r in -urai-. . ..-.h tn.- tl.. .--v Hi" " 'a .re a penal ..p.- an 1 v e a'l'.t r.n t.. v o i ti p.'tona! conferences with h Superintendents in little C m) vear the Companv has been disbursing the enormous sum f,f al,out receipt ,,f j remiums from those live .... and bc.r ' .:r - .mv n- ,.f .v en -r'.i-g tn !;;n;' .' ex; c-ise. Tim, r. ,, i cs h groups a ! w tie c uir.trv: pointed ,,., v.-ui the fa.'ts ant con- TWO Mil. LIONS OF f(")I.l vR jn voluntary .'n iie.., ..on i-e.-tat ions: and that the apparrnr hardip uto. . p. , -v. r 1 ; .-1 ; -. -i of .wi:tir.-i-r.-, but rtie 'educfon i" W v. rv ,.-h less .'.ston f t '' Ar:r.s-rong la.pnrv atid the results as embodied In k non-partieirating Industrial f'-'icjes, bringing the total ant long is onlv the eontribution to the unfort una.- vv r.i.-K s the th.-.n tl.,it uia'e i ,rv b. fe .ni-ames I""!"; .r. ,p:iii.g lejisiaM.-ti : showed vou the essent'ai .ipi.-oval we had received in of UNPROMISED WVIPENr": jn twelve esr tn about TEN" sent'al basis of life insurance. However, it is pr. .,!.. of , .-..-r r-.'i.-!. . This Company will not after this year Issue any other our work in !rh depart men's, and as Ked yo-j respond to all I MILLIONS OP DOLLARS t.. Industriab. poliev l...i.'n in te f make tables for limited pavnierrs. and th- p'oloe-i. is r n r . - than non part.iclp.iung policies. In fact, in the true er.. of the hss for the main-ier the v'oar bv ntaking the be j'' record von form of dividends on premit'T.. dividends on death laims :n 1 f.ue tn fix an age that shall n-t be s., v.ning as p iie the j... t.r-i v. r -i - p..- .ssue.J snv other for neartv fifteen v e.m; for. as r:1,- ,.Ver n-s-'n. This j tn a v and .Tupe. It would be' most, increases of benefits upon existi-e policies. niiums or (what is the same -n Industrial insurance r.h.r. the vv e .a e often explained, ti-e Intermediate and Special p.li u-ig'a'e'" . r- ' to mak- his public and general acknowledgement We have been enabled to a. eomplish this work all tese v cir unit is the premium and not the amount of insurance). ' i. ;.. e ,-ie. v.-r.. based upon sto, k .- a r-,n part i. ipa,ng loading aui the of our response t the appeal. ,in.1 on behalf of the Vii e-Presi-bv-steadv improvements in business methods, bv (...adv even the benefits nndnlv ; and on the other hand t tix the age t. : so dividends pr.im ied , if earned, were exported to be derived from d-r't I give r. vou his prsonal thanks and dd our ofticial a.'-sions a.'-sions of business territorv. bv s'eadv additions t.. insi-'ane- iJ old th.tt the benefits of the limits ..f ja n-etit of premium vha" be the inoria'i-'. Tbese polices w.ue entirely novel and we had little k nowledgemen'.' This, rear ;s nor vet ended ar.i' w- cannot force, bv watchfulness in w-r-.r.e and taking car ot business. ..,t. We have fixed age 7- as the Imiit of pavnient of premiums. PV por, ,.,, - to guide us. The Intermediate polices were ha .d upon therefore tell the who'e orv . But for the months "-.' .Tu;v to No-resulting No-resulting in a decreasing deatr. rate, decreasing laps.- rate and because at that age we are enabled ! onlv s'lghtlv nd..- ),- 0.;r Industrial table of mortal'tv and were des gned for ted us'ri il v.niber. inc'usive, compared ' with the a-y.e months" of previous decreasing expense rate. Thes- improvements we have amcurved benefits during life and becansc wc have not re eiv-d marv i risks w ho could at'Crd to pa v annual instead of week I v prenmims. ear ; to vou from vear to year, but perhaps from this vrrv fao their plaints of the necessity of paving premiums up to tli.r hg-. And a.,,( fl,,. mortal! tv of such h class could nor be foretold. The gradual, steady progressi venec vou have failed to grasp ter to the occasional coniplaint that ' people ne er live to s.u-h oil S; in' lass policies were for substandard risks as t,. which the " 't'-ii-' 'he largest amount Indu'r:al tm-rea w hi.-h full significance. Vet vear bv vear we have told vou our aim t.. age.'' we mav- answer that in 1 !'' we sh.aM have v oi,intprtlv, as m.vt a lit v could rot be .ic-nnifelv predicted. WMt we underto-k ' "''S:i"K ever niade. except in 1 94 and 1 y ..t reduce expenses, to improve t death rate, to better ti.e .. 1 matter of grace, paid about 2.70.1 claims n RNPIVV KNTS .-i ... ,t w :, , to pav back to the p.dicv holders the -am from si,-!i mi T-he HM,'!' wrotw the largest amount of Industrial business. cies. to distribute the anrplu. that each vear a larger pro;.-r policies issued as WHOLE LI EE on pet sons rea.-l.tng age so aft, .- ,,.nv,.n..,.n. jn n.-rtalitv over the 'expected as snould be actua ' , v average p. r n-.sn. of anv of 'he las? ren vea re 1 fior.afe amount eonld be returned to poliev holders and a rr.v'er paving premiums for 1" vears ..r over. . vperienced. As participating policies are Ms.-d up -n a higher TJ" verag- increase ppr man was iarger than f r anv of the proportionate amonnt used in expenses. ( onstrurting s table of benefits i.po., these f..,.r princip'es- ..r's- called mutual loading out of which dividends are expected to vast 'en vears . , , 8 Within the last few vears - disbursements for d-ath clarn Whole Life instead of Endowments; our recent mor-ahtv rxi.rri- . ca-n. !. we . laim th.V our Intermediate and special class policies . n, rH 11 r ,Ur,,, w, f.h fk,rd l iwf! f,'r :fn '' r'- 5 have been so continuouslv and n.arkedlv less in proportion to in rrn 0 instead of our obi; a loading proportioned to ,.,- reduced ex- b-is.-d upon a stock loading were ,n principle non participating. All ' n"mh" 0 frsps'rrre.1 a counts was the ,0we.t for eht 3 come and our improvements . ration .,f expense, sho-rn r.epses; and the pavment of premiums ceasing fer g.'. 7o - ve of ,.,- other policies in the Ordi -.arv Depart mer.t wfre bv th-r vears. r ot wunstandir g the -srger force or rn-t i' i wh;.-n w 1 steadv an improvement, that , thought the time had come .. .hall put forth for 1007 new table, m the Industrial .:. part ment .rms pop pi it i, ipat ir.g. The law has msrified us in the principles 'r'"' an 1 'he larger reduction in t:ic tone we have ma Je this J make a scientific resurvev. so tr. speak, of the technical features which are better than anv eompanv has heretofore issued and bet vv - ad-pted fifteen vears ago, and todav the Armstrong laws and ''',rT.. 1 of the busines.. e have mat. investigations into our m-rtalrv ter thsn we have ever before this felt it safe to issU. the similar ones prepared for other States are a vindication of the 1 l:" ' 1 "" w'v'" tne b-v n the HlsTOR Or i Hr- I and drawn off Into various Pir-.nl a our experience of mortalif . The most striking change is in the Infanfi'e table because METROPOLITAN principles in which vou have been trained We i-w j . . . . 1 The mortalitv tables upon whu-r, "ur present tables are founded t,,rre we substitute Life tables with pavment of premiums limited have now an experience of Intermediate and Special Ola., risks 1 h" fl'Rt" r'Jr reached the .owes' ratio for the past 25 were taken from the experi.-tie. of lSn.lSfM. A eomparion -f u, H(., -5 for olir comparativelv short Increasing Endowment which enable us' to prepare nop. participating tables. The tables v ea. s-- cot - 1 . hs'ar.dir.g the increased average age of the pohcy- 1 thia with tables taken from trie experience of other periods hss tahles now in use; and are therefore enabled to pav in benefits of premiums as to these policies have heretofore been compietelv nol'iers. shown a steadv improvement tn mortalitv. In the case rf chil- wht we have been compelled to hold as reserve Habi'itv upon the readiusted. W. think vou will find them most attractive. rhe special s.virr to agents A FRAl.tP the largest amount dren the result is reallv "tnrg Take, for instance, age t. endowment features. ' We realise that we shall henceforth have more competition ,n ,h '8,c t-n vears; and - we saved 100.00.) ,n the total next brthdav. Our present tab. , hows 4.3 deaths per thonsaro: OCR NEW JVFWTILE T-VBI ES WII I rVNEriY S '. non participating police.. Other companies have announced 'mT"A w,fh uf v"?r . .. , t ,abp- A ,, w kek i,y premh m of ten ,EvrhsToSto?sf,;xo::seii,:jderv , tiVT vz;1 zvTt z - These facts convince us that the time has come to construct ""od ihfC 1W filP " maxjn,m- t b'n'5, liav',hl" '"" Z"'1' xI'n , 1 ,p,',n""",0" trt fff' -ome reduction ot premium. Wp m,v ,dd that the Pac.fl.' Coast kept up with the proc, new table, of benefits founded upon our exp'r, ence of 1 V , en and this we cannot ex.ced. e have therefore increased the 'nh ''TJi C ,T ut illnK tfrpt'i' son bv the remarkahje feat of covering for the rear the enormous Vnd we are confirmed in our ronviftion hv-lhef that r table b-nefits at the later age. for pers.stenc. Thus at age two at entrv to our customer, and winch therefore will be profitable t,. vou. In , . I.ail,,t hv ,hf Mrrhquake and is eertam'to close the vear 1 f,! u Vllr, 1Q01-19'C .how. . K.tt., Y.VI. . u Z the benefit in case of death at age nine is 17.T. while the, benefit adjusting these commissions we have thought it onlv ,ut to re . ,tl . handsome increase tdbaT"ff he f,fll decade' And it tZ to " , us tTbZ? t he" " V entrv dvmg at age nine ?ir.P. and the benefit .tor- ... the Superintendent an mtcest ,n then, which we were fhn.'rv T-partrnent Sepiember abou- emailed Sep abes upon the exjerienc; of wfte live.; and to give benefit. st f"-,"t ""iK d'l??--1 T J" w""'1 " ''"' Ih" compelled to withdraw a few vears ago and which vou remember t,mh,r of U,t Vp.r. while October and November l.rgelv exceeded I based 1 iZn . the improvement which we fee certain ir permanent " reeognttion of the additional vears for which premiums have he We President promised at the time to restore when w5 should rhp corresponding months of Ian vear. and December promi.ea How great thia improvement is we illustrate b a few fignre. htfn rald bv t"' "rl";r flfrs wh"n d"f,h 'J "ange ,t And we have a!,,, recognized the good work t hp a rCord breaker' conTpanne the table upon which our present benefits are fased ,h" Mme uIr foJ.,ow" fro? tb,s large increase of benefit, for of Assistant Superintendents hv giving them an interest in the An,i taking tbe last six months for coxpan.on-June to No- with f a tlbU " of white lives for rhe lt ten vears Deaths per ve cents that hereafter no pohev will he issued under the Infant. work of their agents. e reah that the duties of Supenn vember. industve vou wrote more Ordinarv than ever was written 1 thousand' age two next birth. lav. 43..- reduced' to 34 7- a-, three ta-b'ei for a total premium of more than five cents. And to meet tendents and Assistant, include the instruction and training of bv th Companv in the corresponding months and exceeded 1905 25- ge four 21.5 to 13.'.'; age 16 to 9 5- age t" n -S t" d'T" I insurance eapj'iallv m large families, we have Industrial agents in the work of the Ordinary Departments. We bv over six millions and a half; and this it must be remsmbered 3 4- age'twentv 10 5 to 7.1: tre thirtv 15 7 to 11 1- age fortv l a Uble Wlth PrpPrtl0D,t b'nefits for a weekly premium of three want all of our agents to be all around Insurance Men Our , bv n,ore than 3.000 less men! in 14 3 fThe other element beside, mortality involved in table cents. Superintendents and Assistants have imposed upon them as a dutv We are proud of this record and we are grateful to vou for of be'nefiW it of course the expense. As vou know our rati" of OPR ADULT TABLES SHOW AN INCREASE OP BENE the supervision, tne constant help and encouragement and the edu- Vo,ir generous responv. We cannot sav- more than to Wish for expense to premium income has ben falling for some veari- this ! KITS FOR THE SAME PREMIUM based stri. tlv upon our tables ration of their agents. W e have made it an interest as well as a VOu and vours the hardiest and most prosperous vear of your lives vear the reduction haa been phenomenal and will reach.' we think. of mortality. At age ten the increase is 12V per cent over or dut.T- , . , . , in 1?"' : S( , fcy the end of tbe year. THBLE PER CENT! Thia alone mean. . present Life table and nearly IS per cent over our increasing Life Our new policies will be found most attractive in form and 4f ' saving of early one and a half millions of dollars We shall and Endowment table. At age 20 the increase is over nine per even more attractive in substance. They contain all of the ad- Very sincerely yours, how a lower ratio of expense for l&06 than haa been experienced cent and over 23 per cent respectively; at age 30 the increase is vantages and eoneessians which we can afford to give and which by any Industrial company in the world. 1 nearlv six per cent and nearly 20 per cent respectively; at age 40 the public have a right to expect. The surrender values will be V One other element goea into the construction of Uble. of 1 'he increase is two per cent and over 13 per cent respectively, and found to be generous and take the optional forms of extended in Titin t? rn OCT OTti flTl benefits; and that is the maturity of the policies When made ' on- And in ,mPaI'lntr these tables with our present Whole Life surance, paid up insurance and eash. Thev are the standard forms J Jlll IV J.J.KZg C-i- np our present table we were convinced that the public was ens m- tables (and with those of the other Industrial companies) it of the New York Department, the work ot experts which has legis 1 ored of endowments. Our Industrial business has been issued for uu,t not b forgotten that tbese old tables provide for payment lative approval. Thev are as plain to the understanding as they 1 PRESIDENT. s - v |