The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1859-12-03
Lees f2O 4s. Cd. reduced premiums


Total ESQ 449
mary shows That the present ysSs The the
there one Connected with these Results which
cannot fail 70 be satisfactory particularly aer the nsinuaons
By Of
81 % N ss
suits Of similar valuation by your own Acuary. Mr. Wool
ss Of interest 70 be realized BY The society
rate Of s real position ss ne state q
that the society does fact realize per its
Il this be the fact and continues doing would produce
s s in the in present value of at least
In looking at these results should be distinctly kept in view
sa Feea @ isssls
M 9 for
s ma s 5 :s sss
s
SSssssaS ssas
Il neither add 70 their dignity give weight
report ..,.
want +. G. r. NELSON
To Messs Habcht Holbrooke Of the American Agency of
M your have made
Supplement- he Fourth ANNUAL Report Of The Insurance
Commissioners of the Of Massachusetts dated
s Of
s LIE
also made independent examination of the principal Items
s .sss
s % cs. pSy s1s 'q
Mr. Nelson's estimate ta. the present surplus Of the
Be By adopting o. IN
this estimated surplus much hundred and
Fresunins that The opposion to Mr. Nelson's estimate will
be Il Of % e b M which
merca accuracy Of his computations have satisfied myself
hat q poces upon The vs niRS s
Nelson, 1sIsI
s and q sss. c g
SSssy s:ss s'ss
annual premiums The computation has been upon The
WnG rate
apsr cent. have obtained The following
The present worth of the assured is 47 Az
The present worth q the annual premiums sS7o5 Is
The present worth Of the annual premiums Is 50
two conns detailed comparison of these
Wih the rate of per cent have obtained the following
1he present worth of the sum assured is s7ss1sa "a
aer besr o In. oss,S bs s
Ssa ~ the ~; Fl S.s
SON snot for the mathematician decide between
that either Of them places s society far above ali reasonable
epprehens0n 10 Its stability.
The Massachusetts Commissioners have arrived at ad
verse conciuson which, without mpugning honesty must
De regarded a. directly opposed experience and
the sound deductions Of science The undiguied nsnuaons
against respectable institution and honored men muoh
Regretted but VIII not comment upon them. VIII pass
over me smaller errors OF this report will not criticize re
Commssoners estimate of property both Of
have been ably thoroughly discussed Mr. Nelson whose
nyerments carry conviction 70 all unpreudcod minds! VIII
restrct the consideration OF tho mode IN Wncn the
Commissioners dealt with report OF your Society and
direct attention page IA Of their report IN the table,
which there proposed correct OF your
balance the present value Of future INCOME deva
BILE premums and the present value OF your la
bics Of the asscred are there admitted 70
be which u the less valuable because
sound Ii Is radically Inconsistent with the estimate pet
value Of your policies given by the Commissioner on
page and which they have unjusy adopted throughout
their argument fit In proper the phrase
he real and actual net value Of your policies.
There 4 no here for opinion this natter
the application OF strict mathematical
Of value adopted by Commissioner on e IN
ideal and fictitious and Yield the actual fcts
hey embodied in the reports your actuares In ADOPTING
values Tho Commissioners have submitted 10 the power al
truth but they have endeavored avoid Contradiction
hemscves which would involve them By the adro intro
ducuon OF % additional faacy They assumed the
OF the future Of The Scey being nearly
mnon Of dollars and have put the whole burden OF this er
pense upon tne present policies The
nnwarranted procedure should be s condemnation
4nat million Of dollars, In addition Che required
meet probable losses and In addition paid up CAPITAL
rhedf