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Show WHO OWNS THE RAlUtOAOS?. The New York Life Insurance company com-pany in its balance sheet of Jan. 1, 1921, shows total assets of $906,-064,397.19. $906,-064,397.19. Of this total, $343, 293, 117. 30 represents rep-resents railroad bonds; $104,790,-'225.00 $104,790,-'225.00 Represents loans on mortgages; mort-gages; $147,499,247.07 represents loans on policies; $141,539,552.00 represents government, state, couuty and municipal bonds, and $109,722,-115.37 $109,722,-115.37 represents Liberty bonds and Victory notes. In other words, more than one-third one-third of the assetB it holds to secure its hundreds of thousands of policyholders policy-holders a safe and sure return for the money they have invested in life insurance is represented by railroad bonds. Other insurance and banking institutions in-stitutions hold proportionately large amounts of railroad and public utility utili-ty bonds to secure funds held in trust by them on behalf of their pol-'.cy-holders or depositors. . Thus are the sayings of practically practical-ly every citizen in the United States invested to some extent in our great railroad and public utility enterprises. enter-prises. For this reason every man, woman and child is interested in the development of conditions, which '1 permit of sound financial credit these great industries. |