National Geographic : 1929 Oct
Older than the Nation " I,i ^ Il0 mI....\ The Philadelphia 'waterfront in 1752, theyear Benjamin Franklin founded in that city the oldest in surance company in America a MUTUAL company. AlT WHEN an individual or a corpora tion buys insurance in a mutual company, there is the satisfying knowl edge that the principles and concepts that underlie a mutual policy have been sea soned and proven by almost two centuries of experience. Mutual policyholders enjoy also the same direct representation in manage ment that attaches to stock ownership and the privilege of sharing in the wel fare of their company through dividends. That the unusual stability of mutual corporations and the marked advantages of mutual protection are recognized is evidenced by the fact that 85 % of the leading industrial organizations are mu tual policyholders, and that over 8of of 4S"^"* all life insurance is carried by mutuals. The companies listed below, leaders in the casualty field, have an annual premium income in excess of $76,000,000, and combined assets of over $85,000,000. A worth-while booklet on mutual casualty insurance will be sent on request. No solicitation will follow. Address Mutual Insurance, Room 2200, i8o North Michigan Avenue, Chicago, Ill. MUTUAL PROTECTION IS AVAILABLE FOR THESE CASUALTY RISKS: iormen's Compensation Fidelity Accident and Health Property Damage Automobile (allforms) Plate Glass Burglaryand Theft Liability (allforms) MUTUAL CASUALTY INSURANCE These Old Line Legal Reserve Companies Are Members of NATIONAL ASSOCIATION OF MUTUAL CASUALTY COMPANIES and AMERICAN MUTUAL ALLIANCE Allied Mutuals Liability Insurance Co., New York City; American Mutual Liability Insurance Co., Boston, Mass.; Builders Mutual Casualty Co., Madison, Wis.; Central Mutual Casualty Co., Kansas City, Mo.; Employers Mutual Casualty Co., Des Moines, la.; Employers Mutual Liability Insurance Co., Wausau, Wis.; Exchange Mutual Indemnity Insurance Co., Buffalo, N. Y.; Federal Mutual Liability Insurance Co., Boston, Mass." Hardware Mutual Casualty Co., Stevens Point, Wis.; Interboro Mutual Indemnity Insurance Co., New York City; Jamestown Mutual Insurance Co., Jamestown, N. Y.; Liberty Mutual Insurance Co., Boston, Mass.; Lumbermens Mutual Casualty Co., Chicago, Ill.; (American) Lumbermens Mutual Casualty Co. of Illinois, New York City; Merchants Mutual Casualty Co., Buffalo, N. Y .; Michigan Mutual Liability Co., Detroit, Mich.; Mutual Casualty Insurance Co., New York City; Texas Employers Insurance Association, Dallas,Tex.; U.S.Mutual Liability Insurance Co., quincy, Mass.; Utica Mutual Insurance Co., Utica, N. Y.