New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1847-06-07

I'd and circulated among lht PtVPi1esvi'f Z" '"J t''
man has any question 10 put TO me with respect 10 ne
Society since the last annual meeting or with respect
10 ANYTHING contained IN the report shall be very hap
py to answer him
No Proprietor having put any question
The Chairman said believe the report Itself which
a Of unusual length has entered into full detail Of The
operations Of the Society during the pas, year ID may
BE- properly described being constantly In state Of
formation and extension an until it has arrived At that
Mint when lis progress will stop when II Will become
ststopary which from the past progress Of TIE Society
think must be remote u becomes necessary Tor me u
state TO the proPnetors from year TO year us proceed
iug. which are annually published In the newspapers
IN The Information OF tnOsc not present and theri
n becomes my duty the present occasion 10 explain
10 YOU the operations Of the society during me past
wear IL duty OF pleasing and sausiaetOfJ nature
- IN pror,os better understanding between the drec-
tors and uropretors policy holders and the pubuc A.
large inssnuch al feel deep interest IN societies Of
hi, kind and therefore, matter involving the Sc
curty of 90 May individuals have always thought Il
advisable 10 explain 10 the propnei5rs annually the ma
ue of our opersons for the preceding year ms year
has been one certainly Of considerable suffering never
heess the prons Of This year are nearly the amount Of
trat of last ear-(Hear hear Another draNoack
which we have had 10 contend with 70 the expense 10
which we have been put by the establishment Of the
agencies in the United states referred 10 IN the report
which have fallen entirely upon this year. these ex'
penses are considerable but the directors tnO9gnt II
would Re better especially the profits oi the society
would allow H. ~ charge upon the current expenses Of
tie wear instead Of spreading them over several years
"A ne did 10 the drst with respect 10 expenses
Of Ike nature The preliminary expenses In this nrs In
st.uce amounted altogether - zloOyO they have been
reduced 70 s9COO and In the course Of few years they
will oecsme exiting ushed What particularly wish ~
direct me attention Of the propnelors c a lhis that
every year We have annual invest CATION Of affairs
- Hear hearlghst Is one OF the Original principles Of
the constitution Of this society Before this Society
established the old societies adopted the plan Of making
an investiza OF their Affairs and submitting the re-
sut. 10 their pr0pfietors only 10 i've
years We considered that question very fully, and
hoaght By distributing surplus bonus If any every
year the policy holders and allowing each individual
Insured the Society 70 participate 10 the prohs
they would derive Tar more advantage from such AZ
ran cement If the Society mad adopted the plan to
which have referred and had wsted 10 the end Of
years before they distributed In those societies
which make distribution only once IN ten years the
consequence that some lucky individual may get very
large share Of the bonus while those who died before
the declaration Of the bonus obtained In their lifetime
no advantage owing 70 tns length OF time which elapsed
between one period and another. This objection can.
not be made 10 this Society % holders Of policies have