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Outstanding gains again mark the close of 1933 for this great Company. 

 Strength unsurpassed is shown as a result of the unique cooperative effort 

 of the sincere people who make up this legal reserve Company. Policyhold- 

 ers can boast of a Company that gains in strength and in insurance in force 

 all through depression. Our goal is always lower net cost protection and 

 conservation of policyholders' interests. 



Manager 



Chicago, Illinois 



