Rensselaer Union, Volume 5, Number 40, Rensselaer, Jasper County, 26 June 1873 — A REMARKABLE PROGRESS. [ARTICLE]

A REMARKABLE PROGRESS.

[Front the Hartford Daily Times.'] We have already alluded to the prosperous condition of the Phoenix life Insurance Company, located in this city, of which Bdson Fessenden Is the President and .lames F: Burns Secretary. A more careful Investigation of its last annual statement, just published, warrants us In submitting to the readers ofthe Times some further remarks upon Its rapid progress to popular favor atul its remarkably prosperous condition at the present time. Let us compare its condition ten yenraago with what it is at the present time. In the years IW2 and 1863 it issued 1,111 policies ; its Income was $125,612 ; dividends, $1,241; losses hy death, $58,000; assets, $431,938. Here was the business of two years. in 1812 It Issued 10,521 policies; Its income was $3,413,152.15; dividends, $943,441.11 ; losses by death, $831,146#; net assets, $8.209,835.07. This increase of business and assets in the short period of ten years is worthy of special notice. An income in 1872 of near $3,500,000 against $125,672 in 1862 and 1863; it is near thirty to one. Over.ten thousand lpt dred In two years, only ten years ago. Its net assets amount td over eight millions now; then less than half a million—more than sixteen to one. This wonderful Increase is not the result of a single jump. It comes of regular yearly advances; showing the solidity and permanency of this signal prosperity. For instance, the net assets of the company at the opening of the year 1872 amounted to $7,510^4*1.05; at the commencement of 1873 they were $8,207,325.07—an increase during the year 1872 of $698,611.02. The Phoenix has now 33,020 policies in force, covering $71,910,267. Valued by the New York standard these policies are worth $6,776,117, and other liabilities carry its obligations up to $7,009,493.57. Deducting this from its net assets and the company has a surplus of $1,199,831.50. The officers lay these facts before the public with the assurance that they cannot be equaled in comparative strength by the statement of any company in New England, if, Indeed, by any in .the country, though a few others have a larger aggregate of assets. No company in this city equaled it last year in the number of policies issued. Only one came within 2,000 of it, and the others were from ssoo to 9,000 below it. In this sterling condition of its finances, in Its great 4tnd increasing prosperii>van4 in the firm hold it has upon public confidence, the Phccnix may, with a due degree of pride and satisfaction, publish the details M>f its business and its solid condition.

Godey’s Lady’s Book.—The Julynuniher begins the forty-fourth year of this magazine, and it Is an excellent number, both in literature and illustrations. “On the Stile” is a beautiful steelplate, well designed and elegantly finished. “Bridal Wreaths,” printed in blue, an extra embellishment, that will be of service to our lady friends in arranging this necessary adornment- “ Gathering Wild Flowers” is another pretty plate. And there is also a beautiful colored fashion-plate, an extension sheet of fashions of the latest stylo, and a work department of various designs. Marion Ilarland’s story of “Carrying Weight” is continued. Several short stories are also given, and many valuable hints will be found in the several household departments. The publisher still announces a handsome chromo for each subscriber for 1873, whether a single subscriber for $3.00, or a club of six for $14.00. Published by L. A. Godey, Philadelphia, Pa. * Malakta, or bad air, is the cause of every form of Fever and AgUe. Shallenberger's Pills are an antidote to this poison, and cure instantly.