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Les diagrammes suivants illustrent la m^thode. 1 2 3 1 2 3 4 S 6 THE (^LIFE^^:) WATERLOO, ONT. ♦»» dS^TWELFTH^SO i • • • • DIRECTORS. 1. E. BOWMAN, Esq., .. .. C. M. TAYLOR, Esq., J W. (ELSCHLAGER, Esq.,.. .. $ ROBERT MELVIN, Esq., JAMES TROW, Esq., M.P., ,. O. S. BIRRELL, Esq HON. S. 0. WOOD, R. S. PATTERSON, Esi., .. f F. C. BRUOE, Esq ROBERT BAIRD, Esq., . . . . JAMES NORRIS, Esq., . . . . St. f ALFRED HOSKIN, Esq., Q. C, St. Jacobs. Waterloo. . . Bbrlik. GUBLPH. Stratfobd. London. . . Toronto. * Belleville. Hamiltoej. ^ Kincardine. ^ Catharines. .. Toronto. ..i^^^^^rrsi^ ^^^^/^ an in Aciousfyao M =*=^^Jgp jl— »» M » »- ^he Ontario cPutual Life Assurance Company Was incorporated A. D. 1868, by the Ontario Legislature, to transact business in the Province of Ontario. It obtained a Dominion Act of Incorpor- ation A. D. 1878, made deposit with the Receiver General of $56,224.98, A. D. 1879, and obtained license to tranbact business throughout the Do- minion. Its affairs are now under the supervision of the Government Insurance Department. The business of "Thb Ontario" is conducted on a cash basis, the premiums are self-sustaining mutual rates, and the policy Holders are not liable to pay assessments. Tbis Company is composed entirely of its Policy Holders, who own all its property and funds, and control its management, through a Board of Direc- tors, whom they elect from among themselves. The Ontakio Life divides its surplus annually on the contribution plan, each, member sharing in proportion as he has contributed thereto. The annual surplus, or profits, is applied to the reduc- i tion of premiums during the continuance of j such premiums, and thereafter paid to the Policy Holders i ca^h, or may be added to the reserve, so that ordinary Life Policies may become Reserve ° Endowments, payable during the life of the^^ assured. THE MUTUAL PRINCIPLE < Is sometimes objected to, especially by those who > have had unfortunate experience in connection with some defunct Mutual Fire Company. But no ' such objections can possibly attach to a purely '' MUTUAL LIFE COMPANY, as the largest and most successful Life Companies in the world, such as •'The Mutual Life Assurance Company," of New York, and "The Scottish Widow's Fund," of Brit- ' \ ain, are purely mutual. : «h ^ L-j » tf-r»— «- -r~T» W Mt yasjigS !«=4C ( If t ' t "^^ 1^ iti'i'M- The Skcurity to Policy Holders is no greater J in the "Proprietary" than in the Mttual Com- ,i panies, and practically the Mutual is safer. A proof of this is furnished by the failure lately of a _ I] dozen or more Ameiican Companies, rwt one of "^ * \ which was Mutual ! ! So safe and popular haye the MutiiAL Life Assurance Companies of the world become, that many Stock Companies incorporate Mutual in their names, and nearly all the Stock Companies have a participating system hung on to popularize them. The Insurance Year Book (corrected to August, 1877) shows that nine American Stock Companies are self-styled Mutual ; that forty-eight American y Stock Companies own $168,228,180.00 of Assets, '(while the Policy Holders of the Four leading Mutuals own $194,740,336.00. The sixteen Amer ican Mutuala own $258,193,964.00 Assets, as against forty-eight Proprietary Companies owning $90,000,000.00 less. THE TESTIMONY TAKEN < by the English Parliamentary Committee of A. D. 1853, leaves no room to doubt that the only use of Stock Capital in a Life Assurance Company is to start it, and the fact that the most successful com- panies have not even reqv.ired it for that purpose, proves that it is of no benefit to Policy Holders at all, but the reverse. PROF. WRIGHT, the eminent actuary of Boston, in one of his reports (as Insurance Commissioner) to the Legis- lature of Massachusetts says :— The Mutual System, with redundantly large premiumb and an equitable method of dividing the surplus, seems greatly preferable to the non-parti- j cipating plan. In the same reports. Prof. Wright says, "It < does not seem wise for any Legislature to farm out qSF==»=!I F~"^» l \ I j>-iM-j»-J M= *='91^S»*=* Ji < > w i> ) <s, i to capiUlistfl the bnsineBs of collecting and man- aging the funds prorided by the people for their widows and orphans. Whenever and wherever Life Assurance offices are required, they can easily and safely be organized by a sufficient number subscribing to be insured. He says further : *' There can hardly be a happier set of capitalists on earth than those who have obtained a perpef al charter to insure lives, receiv- ing, first, legal interest semi-annually, as a svre thing, and, secondly, twenty per cent, of what are called profits, that is premiums proving to be sur- plus." See weekly quotations of Life Companies' stock in London market, ranging from par to offers of 400 per cent. Happy Stockholders ! The late Hon. D. McDonald said : <* It was not right that the property of widows and orphans should be taxed for the benefit of Stockholders who were really of no advantage to the Policy Holders." And in a letter to a member of The Ontario, Mr. McDonald wrote : — i '•Thb Mutual is the True Principle for Life Assurance. Stockholders are of no more use than are barnacles to a ship. It is monstrous that the provident savings of men for widows and orphans should be preyed upon by shareholders. Were Life Assurance understood by people generally, Stock companies would be avoided. I am pleased to see the steady progress of your Company, with best wishes for its success, &c." 7 he New York Times, a leading financial journal, in an article anent the failure of the ** GontinentaV and ** Security Life,^^ two stock companies, says : — "The world has outgrown Proprietary preten- sions in Life Insurance, and no Company can per- manently thrive which sets them up as a pretext for belittling the rights of Policy Holders. We may go further and say that with a more precise understanding of Life Insurance, the risks it en- dures, and the elements of the strength it relies upon, has come an almost universal preference for the Mutual Principle. ! \> 1 "Th Capital Holderi from it grant, s that a 1 thou sat to mai twenty-i "On fact thi contrib society System advanti now ra owners > are the I prime ^ I denved ; fit, shoi ment, s ' \ times t belongs vants, n J <^ '^ s s ■The Stock I capital specula moi^s a much s York 7 The On TAR] ance oi obtains Assuraj er num Cumpai Thei Two B popula j < < Ml ♦ II j | ig t : s i "The reaaona are obrious. If the proprietary Capital is larse it entails charges upon the Policy Holders vastly in excess of tne benetitR accruing from it. If it is small, the anomaly is more fla- grant, since nothing can be more preposterous than that a handful of persons, representing a hundred thousand dollars of stock shall have the sole right to manage an accumulated Premium Fund of twenty-eight millions, '' "On these twin considerations coupled with the fact that in Life Assurance the holders of Policies contribute all the capital an honestly managed < [ society ever need' , the superiority of the Mutual j System mainly rests. It has, however, another advantage, and one which in view of the issue now raised possesses grer.t importance. The real owners of the assets of a l^ife Insurance Company are the Policy Holder's, whose premiums are the prime source of tiis property acquired. Property derived from them and held in trust for their bene- fit, should be subject exclvsively to their manage- ment, and they should have access at all reasonable times to all particulars resj^ecting what in effect belongs to themselveu. The officers are their ser- vants, not their masters.^' •The shareholders of the forty eight American Stock Companies own paid up and subscribed capital to the amount of $12,625,580.00, while these speculators control assets amounting to the enor> mors sum, $168,228,180.00 or fourteen times as much as they own. No wonder that the New York Times should sound the note of warning. The Constitution, Rules and Kegulations of The Ontario Lira have been framed under the guid- j . ance of the best practical skill and experience obtainable, with the sole view of popularizing Life Assurance aud ext>ending its benefits to a far great- er number than the speculative systems of other Cumpanies have hitherto done. 1881. The issue of 1,426 New Policies, covering nearly Two Millions of assurance, is proof of the t POPULARITY of "The Ontabio." ki=)$=Jfc =>8 ^-ia » < i ^J S ^»^ a»= =»'■ Jt > 8grf| GUIMS FAID BY William Brown Cornelius Smith . . . . M. F. McGrath.... H. A. Thompson . . . Robert MatthowH . . Andrew Kelar Louis Ernst Henry Ratz S. C. Duncan Joseph Nightingale. A. M. Morris Prof. Torrance E. F. Porteous A. M. Dykeman. . . Charles Sohelter . . . , Wh Pari Botl Ketl Tor( Veri Poir Gad Caa Ami Ing« Wo( Con Gall List The Public •will please note the promptitiK a ID -c3 o a B o (3 CO a O' a- =3 SP'S "C 2 .-S V « • 3 <U •■ va g o o) a a 4a a** o B^-S^ S 2 ^ 9-5 (0 5 «« Q." 4a ■ ^^ C4 n a v v O ►< M h . - ■3 b « " O t4 « 4>:fa m a,^ O 2 4a "-a V o a * 2'*' 2 a oja e *> .2 "^ TS O O Oh --a a a o 08 u 4a -e 4* e 09 O § I- s o* o 00 _^ 00 ;;] g,^ a « «• 5 a S oo s Ml «4ii4 a;5 He* a fl ?^ a-a g «•« ■2 3-e >.s«a.a 4) O (H ^ 3 O S**" « 00 . :S 5 S s< * a s:s . O t- ^ 00 a a cs^-ss -sfi; o •a « I a 4a a a-" a.S cues ^ a g-S a B '* « no ® Q a a a>3 ■>.:-« ao;. •Sis 8 ►^'H-fe a 2^1li o ^ a a-g 00 O Li *C «2 ■»» S 9) « <^ 43 -^ 2 V V « =_4 •'^s.a 5^'0 a M <8 -M V <8 MD BY THE ONTARIO MU' FOR THE Y Whitechurch Tp. Parkhill BothwoU Keileville Toronto Verulium Tp. . . . Point Edward . . . Gadshill Camden EaBt . . . . Ameliasburg. . . . IngersoU Woodstock Cornwall Gait Listowell fl.OOO.O 500. C 1,000 l.OOO.O LOOO.O Uooo.o 1,000. (J l.OOO.O 905.1 l.OOO.C i.ooce 2,0'JO.C 1,000.( 500. C 1,500.C lote the pronotptitnde with which '* The Ontario *^ has paid its c hi o H b i >■ H ' m 1 u I 9 a »: S <u S E.s O O 5 «s o i ^ a * 5 5 ® o 9 S .2 g >- o.-^ o 60 a 2 S '"^^ O o a> a >* a fl e 5.a o ** CU.9 ^5§ . _ « « eS ^ aou3 eS +» .S ■-■ .t; « o a — ' o +> 3 *" ■g « S.S « 8 -^iH J3 a DO O t^ «C 5 ■*» S ® a) V V ® 2_4 M c8 .M V <« §§■*"> > o * "^ j3 .a aij5 « g,'«.2 u S'« « o cirs-g o --^ i: --s K 3 _ «* rS-O E * » •s s as ' s .2 a, McT'- S bia-g ia .3 2 o - 2 ■■ ICTCAl LIFE ASSCBANGE ( YEA.R 1881. LSSIJRANCE. Pbbmidmii Paid. DIED. CLAIM PAPERS COMl *i,ooo.on 500.00 1,000 00 1.000.00 LOOO.OO UOOO.OO 1,000.00 1,000.00 965. 12 1,000.00 1.000.00 2,0<)0.00 1,000.00 .'iOO.OO 1,500.00 $142.60 37.26 1700 81.92 161.32 71.68 177.50 185.76 28.56 103.92 83.44 94.88 .32.05 11.64 294 73 Novell ber 29th. 1880 March 1st, 1881 December 12th, 1880 December 25th, 1880 January lat, 1881 February 4th, 1881 February 14th, 1881 June 25fch, 1881 July 5th, 1881 July 23rd, 1881 .July 16th, 1881 July 8th, 1881 August 3rd, 1881 August 31ft, 1S81 October 3rd, 1881 October 6th. 1881 September 3rd, 1881 . . . March 17th, 1881 January 11th, 1881.... July 26th, 1881 April 2.')th, 1881 September 26th, 1881. . July 26th, 1881 September 8th, 1881.... Decnmber 14th, 1881.. Novembor8th, 1881... October 3 iBt, 1881.... October 18th, 1881.... October 3lBt, 1881..,. November 18tb, '881.. d its olaims, averaging; onlv 1 / .d^ys aftor date ot tine proofs o: 8 8-888 8 8 8 w O lA ci ^. in cjs nvo v J sJ I, ."3 "3 « ."S. 5. "2 v.'^ * =.'5 8 3 8 fc j; « 5 jv^ i> a. ;j; .So, ia; mJ; r^ r^ + •o coo^Ocx^cOfr^OH oo O^^ 0ro0'*r'^a*O* ^1-^ ^O ^ r*) ■*r ■*, r^ -> ^ roC' W vO rs. CO ^o in i 1 n c <«• u 2 'A 8. 8 5. IS. »n00 . • u ■ • O . h . >. :'!3 :i :S! : >. : rt 3 H •■o " i o a h « « ^ a 4).9 a a o ^1 a a ^ M o) .s i\ B a « O .:- ■C 2 2 § 3 « 2 o « • •^ a_ **-! if s.H iru BANGE COMPANY, CLAIM PAPERS COMPLETED. Maroh 1st, 1881 September 3rd, 188k . March I7th, 1881 January 11th, 1881... July 2Gth, 1881 April 2.')th, 1881 Septeirber 26th, 188L July 26th, 1881 September 8th, 1881.. Dennmber 14th, 1881. Novombor 8th, 1881 . . October 3 lit, 1881... October 18th, 1881... October 3l8t, 1881.., November 18lb, '881. CLAIM PAID. Mftroh lit, 1881 September 3rd, 1881. . March 17fch, 1881.... January 14th, 1881..., July 27th, 1881 April 26th, 1881 October lat, 1881 July 27th, 1881 September 9(.h, 1881. . December 16th, 1881., November 8th, 1881 . . October 3lBt, 1881.... October 26th, 1881 . . . November lat, 1881 . . November 18th, 1881 . late of the proofs of deatli were oompleted. <• a> 5 4) ,K »4 . Ci '"* "^ i- 'I 'ft 8. J! S >» n tl on O. u O M IJH. S,f= « OTJ grs g:S *5-c rt Vt.H ^ >>>> QJ r,. ' ;f^ S.S*a C-S 2^ SPS * §2 s±<S II !1 - ^ O ^ r. *i ►• o i U ® ; £i ^s ' « 9, "^ fc.^ I o5 « H g " 1 fc 2 5 » o'S I a ~a> S C I aS a S2 * q n ' 3 a» s >>e ^ a<^ ^"' p-^ ^ * o