388 



INSURANCE. 



IOWA. 



TABLE III. 



Mortuary Experience and oilier discontinuances of 

 Whole-Life Policies divided among the years of the 

 Policy, showing the effect of selection. 



From tables I. and II. it is also apparent that 

 the mortality in our own companies has pressed 

 more heavily, compared with that of the Eng- 

 lish, on the ages below 40 than on those above 

 it. For example, the average age of the whole 

 154,761 years of life exposed was 41.51 years, 

 and the average age of those dying from it 

 was 45.27 years ; while the average age of the 

 2,019 that should have died from the same 

 amount of life exposed at the same ages by the 

 English Combined Experience table would have 

 been 46.20 years, or about one year older. 

 Again, in table II., the life policies from which 

 the first three years are excluded give the 

 average age of the living 44 years, and the 

 average of the dying 47.98 years ; while the 

 average age of the dying by the Combined Ex- 

 perience* table on the same life at the same ages 

 would have been 50.06 years. It is quite re- 

 markable that this amount of 89,428 years of 

 exposed life, from which we must suppose the 



* There will be noticed a deficiency of five deaths in this 

 table, as compared with Tables I. and II. Four of these are 

 accounted for by the omission from this table of the experi- 

 ence of the Massachusetts Hospital Company, which in- 

 cluded four deaths occurring in the 19th, 22d, 2"5th, and 34th 

 years of the policy respectively. The other probably proves 

 an error in Tables I. and II., which there has not been time 

 to correct by going over the voluminous tallies employed to 

 classify more than 150,000 years of policy by the ages. It 

 will be noticed by comparison of footings that a ripid exact- 

 ness of multiplication and division has not been obtained, 

 but great confidence is felt that no inaccuracy has been 

 committed sufficient to impair the practical value of the re- 

 sults. It is to be remarked that in this table the life ex- 

 posed is grouped in " years of policy,'' as they stand on the 

 Registry, from November to November. Hence a policy 

 may be counted in its second year which haa existed but a 

 day, and all the policies of the first year average only six 

 months from entry, of the second year eighteen months, and 

 K) on. 



favorable influence of selection to have nearly, 

 if not quite, ceased, gives a mortality which is, 

 to that of the English Experience table, which in- 

 cluded the benefit of selection though of course 

 not to so great a degree, because their business 

 was not increasing so fast as 100 to 131.74. 



IOWA, one of the interior or Western States, 

 was admitted into the American Union, in 1845. 

 It is situated between lat. 40 20' and 43 30' 

 N., and long. 90 12' and 96 53' W. from 

 Greenwich. Its extent from N. to S. is 208 

 miles, and from E. to W. about 300 miles ; its 

 area is 50,914 square miles, or 32,584,960 acres. 

 Population in 1860, 674,948. It is bounded N. 

 by Minnesota, E. by the Mississippi, which sep- 

 arates it from Wisconsin and Illinois, S. by Mis- 

 souri, and partly by the Des Moines River, and 

 W. by the Missouri and Big Sioux rivers, which 

 separate it from Nebraska and Dakotah. It is 

 divided into 99 counties. The valuation of the 

 real and personal property of its citizens in 

 1850 was $23.714,638 ; in 1860, $247,338,265. 



Great zeal has been manifested by the State 

 in the prosecution of internal improvements. 

 On the 1st of Jan., 1862, it had 2,087 miles of 

 railway completed and in progress, of which 892 

 miles were open for traffic. These 892 miles 

 cost, for construction and equipment, the sum 

 of $21,382,557. 



The vote of the State for President in 1860 

 was as follows: Lincoln, 70,409; Douglas, 

 55,111 ; Breckinridge, 1,048 ; Bell, 1,763. The 

 population of the State at the same time was : 

 white, 673,925 ; free colored, 1,023. The Gov- 

 ernor is elected for four years. The Senate con- 

 sists of thirty members, elected for four years, 

 and the House of fifty members, chosen for two 

 years. 



The State Bank of Iowa, the only authorized 

 or chartered bank of issue for the State, at the 

 commencement of the year 1861, made the fol- 

 lowing statement of its condition: 



Specie in bank $416,339.80 



Bank Notes on hai:d 439,460.00 



Due from other banks 297,716.88 



Discounts 1,164,505.72 



Capital of the bank 416,309.87 



Circulation 880,308.00 



Due other banks 24.478.92 



Deposits 960,300.52 



The great staples of Iowa are her cereals. Of 

 these, the crop of 1861 was, in round numbers : 



Wheat, bushels, 23,000,000 



Indian corn, " 41.000,000 



Oats, " 5.880,000 



Total bushels 69,880,000 



Some of the other products were, in 1860 : 



Irish potatoes, bushels 2,700,000 



Sweet " " 51,000 



Butter, Ibs 11,526,000 



Cheese, " 901,000 



Hav, tons 707,000 



Flax, Ibs 29,000 



Wool," 653,000 



Live stock, value, $21,800,000 



Home Manufactures, 



Lumber, 



Flour, " 



Steam Engines and Machinery, value 

 Agricultural Implements, 

 Tanned Leather, " . 



Malt Liquors, " . 



314,000 

 2,380,000 

 6,950.000 



190,000 



110,000 

 82.000 



221,000 



