The Evansville daily journal. [volume] (Evansville, Ia. [i.e. Ind.]) 1848-1862, 1858-11-10
INSURANCE COMPANIES.
KNICKERB BOCKE
Life Insurance Connnanu


Life Insurance Company,
OF THE CITY OF NEW YORK.
&T.gTE.wE.v-T OF THE CO.S.DE-
ASTON OF THIS COMPANY, MARCH LIST, 1857.
CAPITAL AND ACCUMULATIoN,.~ N,.~S173, 1872 04.
Capital 100000 90
Lite Insurance for Premiums, Sc......... 13S 04S %
Interest received and accrued 331s4 81
s25e,2GG 40
Disbursements, including losses, Sala-
ries, Rent Taxes, Commission, 9Iedi-
cal Fees, Dividends TO Stockholders,
"c' s2434 %
Total Capital and Accumulation. s173,7s2 II
ASSETS.
Bonds AID Mortgages, Premium Notes,
Bills l.eeeiyable, Loans ON call, Cash,
Accrued Interest and Premiums unpaid, 4,73l 81
Furnitr re 100000
s173, ,792 Al
STEPHEN c. WHEELER, sec'y
II WI LIAM STREET,
New Io.k, March, 1857. {
AT the request of the President and Board of Di-
rectors of the Knickerbocker Life Insurance Com
nany, certify that the mode of computing present
value OF the Policies employed by the Secretary of
the Company is scientifically correct, and in ac-
cortiance with the prescriptions of the charter /
also certify, that have compared the list of poll
cles furnished me by the President as on the books
of the Company with valuation tables sufficiently to
test the accuracy of the results given by the Secre-
tary, and find the values stated within to be nu-
mefICaily correct. That is to the val
ue OF the future risk of the Office all outstanding
policies or the difference between the present value
of future premiums to be padon them is 43,967 Is.
The total value of policies the holders of which
are entitled to dividends, is S29, ,227 02.
And II the surplus is correctly stated at S7l 2l2 Il,
the difference between this and the present value of
the future risk of the Company existing policies,
after deducting 10 per cent of it for the relief fund,
is the proper amount for dividend, to-wt S24 G1Og7.
The true principle of dividend is to assign to each
policy holder wEo has insured on the mutual plan
hn amt vaItt nffbi ,,cff
cy, which is the true value of his interest as stock
holder of the Company. This share amounts to 10
per cent of the present value Of the policy:
February 25th, 1857
As Agent for the above Company, am prepared
to issue Policies, on the most favorable terms Pam
phlets giving all desirable information can lie had
on application WM T. PAGE
Evansville, April 2fth IS5s.-ly
-RBSTR.gCT or THE sE.HK-.s.S-
S4 mel sdteaeaa Of The affairs anil ccadaiom Of tie
HOME INSURANCE Company, of he City of Netr
York, on the 3lst day Of December, 1857.
Cash Balance in Bank. S37 600 sc
Bonds and Mortgages (being first lien on
Real Estate, worth at least SSsl 900 400, 600 90
Loans on stocks, payable on demand, (nar-
ket valre of securities, SOB $3.50 $50 IS
Bank Stocks, lmarket yalne)..-......... 1900 %
Of the Company . 81 7,6ol -
Interest due the 1st of January, 1853,
(of which S12,G25 3has since been re-
ceIvedl .....--.....-...............l 1870 50
Balance in hands of Agents and in course
of transmission from Agents on the 3lot
Geceniter. q 4,Gsi 80
(0f which 1857 81 has since been re-
ceived)
Premiums due and uncolected on Policies
issued at Office. 20S7 50
Total SS3I ,213 81
Outstanding Losses 3lst De-
ccnlber, 1857, estimated at $50, 40 OF
Due Stockholders ON account
If SaynO niyiI
I,I10 OF
CHAS. J. MARTIN, Pres't.
a. L. WILLMARTII, Vice Pres't
J. MILTON SMITH, Sec'y.
\. C. HALLOCK, Agent,
ieli-d6m Evansville, Ind