The North-Carolina standard. [volume] (Raleigh, N.C.) 1834-1850, 1850-08-14
FIRST. ANNUAL REPORT. -.
Of THE NORTH CAROLINE MUTUAL LIFE.
INSURANCE COMPANY, made .yuiu 1, 1850. =

INSURANCE. COMPANY, made July I, 1885,.
the Company, since its organization, the ls of April
ls49 the Goth June, 1850, when the Books of the
Company were closed
Whole number of Policies issued, z6l5 2 Y i5 "a
Whole number of Policies cancel- 4zss..ss xs1grA
ed and expired, s,a.5 A.. S z5ss
Whole number of Policies in force.g el0
Amount Insured in the above Poll q Il sszss5 ~
ces, rs +. s1.s 4 zyst.=eE 49,. - 9S7,236 0Oa
Amount Cancelled and Expired, "a Also 90.
.-s-E ~. Total Liabilities, ", .n,- .Ssss,0s6 90
EEs- RECEIPTS. ss:.zl 7stssass ses8
Nett Premiums Reed during gs u ggTs atseszsts
the year, sEssa lslAl7a4sgssx Hs<..R
Interest Received on Renew zaSs-za5 s;S..sss b
ais, &c. SIS 100 90 sl.s7s 4ss
&# TOURNAMENTS. - s75fs97s& 10
Amt paid Salaries, Commis- ~
sons to Agents, Medical Ex-4szA aszssW q aagaEE
aminers fees, Printing, Adj e.4 aasIseg s. s
vcrtisng, Books, Blanks, sssaFr *ssgsE Sgsstai8
Stationery, Postage, Office ss ssl5z ~ s4sass
Rent, and Office Furniture, 6,6l3 Is Is q .Asf
Amt paid Losses, by DEATH l,4oo 90 SOFA rs
--- Nett proceeds, ags &as,sss ss
ASSETS. 8esz5yff nfsI
Cape Fear Bank Stock and 80 . ssssssssss ssr
Premium Notes. >ss. l4.2e2 ssas { s*sss.ee
Amt in hands of Treasurer, 6,5l9 80
Amount in hands of Agents, 7S2 6s c3565g ga
In presenting to the Members of the North Carolina
Mutual Life Insurance Company at their first annual
meeting the accompanying exhibit of the transactions of
the Company for the first year. together with it's present
financial condition, the Board of Directors deem it un.
necessary to enter into any calculations show The
benefits of Life Insurance. ~
1t will be seen by reference to this exhibit that tie
Company is in remarkably sound and prosperous
dition, and that there is hand amount Of Cash
quite sufficient to meeteven extraordinary losses This
results from the that has attsnded
upon laors far; and from the additoDal crcuu-
stance that the Directors although abundantN abs TO
Tho lafof of
pany, have not declared any dividend for this ysaE.A
Jealous regard for the future welfare and best Of
the Company dictated such course. s.ss5s -Sss,ee
AS to the expenses of the past year, which may, with
out due reflection, unreasonably large, It must be
remembered that TO put in operation Instuton like
ours required something of an OUTFIT which necessarily
became charge upon the first years tsnnsacopA Ma
ny Of these expenses, herefore will BE- incurred only in
In conclusion the Board of Directors take great pleas.
ure in assuring the members that Company, which
constantly increasing in public confidence and favor,
has entered upon its second years course with checVE
/ indications OF prosperity and success.a Z
DIRECTORS OF THE coNrArr.sz assss.s
F. R'fs B. e a.1ns.d H, ,.ms: yi3.;:T AtkSs:'' .s
! Perrin Busbee, a 7ass Charles b. Moot, e
] II: w. Husted, Charles =. Johnson, u s1N
/ William w. Holden, William R. Scott Ias .esaa
/ William D. Cooke ffFsssss e g ssass glss
or.1cl,. ), m, =, con-. on. a
/ Dr. Chas. II. johnson, President,
| VIM. p. Haywood, Vice PreGdsns 8
lanes lanes Jordan, Secretary, ) * - s i
csssi.s a'''i:. ! sssss s.s, 'f's Con-, o..
sfs Charles E. johnson. n. D. .,.,v.;, -. .a
| s9f Wm. II. H.McKse, MD. 'sssea.
/ z: B. Haywood, 4. D. - = q
1 Wm. II. Iones, Treasures, 81 ~ ~
Perrin Busbee, Attorney. - sasrxi