The Pamphlet Collection of Sir Robert Stout: Volume 37
"The Self-Help of Life Assurance."*[Table E.]
" The Self-Help of Life Assurance." *[ Table E.]
"It is a good thing for a man to be the architect of his own fortunes. Self-made men are distinguished by their self-reliance, and their success generally in all they give their attention to. By limited saving, and by perseverance, with the use of the Endowment System, young men may acquire in the future that substantial position to which they aspire, but which without accumulated means they cannot possibly reach. No investment institution, or deposit bank, is comparable with the plan we have described. The payments are fixed obligations, not payments which may be made or not at will. Consequently the money is found for them. It is in some sort compulsory saving. Year after year the value swells, until at last the large sum comes into the hands of the fortunate owner.
" And all the time that he is thus acquiring fortune for himself by his own industry and prudence, his family is provided against want in the sad event of his death. For should he die, the money at once becomes due and payable to them."
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Progress in Eighth Year, as Compared with Previous Twelve Months.
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Policies in Force at 30th June in Each of Years 1870 to 1877.
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Balance Sheet, June 30, 1877: