The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1865-09-16
SPECIAL NOTICES.
II
H from neg. s. Insurance GdSstts.l
New York Life Insurance Comply.
annual Report for Januafy l, 1855.

Our readers have long since become acquainted
with the New York Life Insurance Company, and
been made somewhat familiar with the character Of
the men who conduct It's affairs. If insurance jour
naiism did no for the profession than this its
services are surely worth all that they cost. For
hold after oil that has been said and written the
subject, that it's the men who make the Company,
and this making may either prove successful or dis
astrous, according to the ashiening of the wormen
This is peculiarly 50 with regard to Life Insurance. n-
situations knowledge of the men, therefore, gives
US an insight into the workings, conduct, and man
agement OF tine company. A large capital, with
handsome surplus, may do something for Fire In
surance Company to help it along but life Office
must ever depend upon the men and the method they
adopt secure to its pocyhoders protection against
disaster and ruin in the future Hence the perpetu
al vigilance and supervision exercised by State oici-
ais over our Life Insurance Company's operations.
In this connection we are pleased to say that the Of
fcers Of the New York Lfa are well tried and expe-
rienced underwriters and if any of the polcyhold-
ers are unacquainted witch them, they have only Of
consult the tile of this magazine satisfy their curios
The amount ofassets held on January
Amount If premiums, endowments, an-
nuities, and interest e received and Ga
accrued, Including premiums on
gold etc, ETC., during the year 1854, 1,72ss11 IL
| 4 "a Total, o. a.aa s4,sss, $40 90
Disbursements during the year 1884, IN f'l "a
Guiding paid losses by death, paid az = gFgF
deposit for minors, for redemp- +l-i&A -
b. ton of dividends, annaities, and
- surrendered AMI Cancelled policies, a ~.
printing commissions, physicians
fees, taxes, ect.r etc. - 72L5os 81
Gross assets for the year, $3,65S, 1855 IS
Last year the assets January l. 1884, 2653637 90
-444, sigtEQ3a r81.a u.1 f-------
Thus making netincrease of assets for
the year, of .18s7IisEE 3illl s1,OO5 ait g
During the year ending December 81, 1854, the Com
pany issued 4so5 new policies insulting aggregate
amount of $13,147,55s. This is just many policies
as would have taken Company three or four years
to have accomplished few years ago. Such is the
progress that Life Insurance is1nakng at the present
day. 1.-The fact is, excepting Government tracts
for furnishing Army and Navy supplies, we know of
no business that has ourished prospefously dur
ing the past four years Of the Life Insurance.
| The New York Life Insurance Company, we are
pleased to see, has got fair share of the spoils.
The Trustees have declared scrip dividend of afty
per cent. upon all participating life policies. They
have directed the payment of the fifth and final in
sallment of twenty per cent. dividends of 1850 t.
1862 inclusive and and the redemption In full oftose
declared in 1861 and 1862. q QkEk. efEtA
Policies subject to notes will be credited with thu
dividends on the settlement of next premium y Y
We trust the future win prove as successful as thu
past 'FSHaai's ssst '''.i - 'z'''e" '-e
The officers are: Morris Franklin, Presidents Isaa
c. Kendall, vice-President; William H. Beers, FAc
tuary; Theo. M. Banta, Cashier.
JOHN E. DOW & SON. Agents,
II 20 EccAa,sge' Street.