The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1865-09-21
sPECTAL NOTICES,
Iron he q. s. Insurance. Gazstts.l
New York Life Insurance Comply,
Annual Report for January !, 1866.

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 its affairs If insurance Jour
nasm did no more for the profession than this. its
services are surely worth all that they cost For we
hold after all that has been said and written ON the
subject, that it is the men who make the Company.
and this making may either prove successful or dis
astrous according to the fhshioning of the workmen
This s peculiarly so with regard to Life Insurance IN
stitutions. knowledge the men, therefore, gives
US an insight into the workings, conduct, and man
agement Of the Company. 4 large capital, with
handsome surplus may do something for Fire In
suranee Company to help it along, but life Office
must ever depend upon the men and the method they
adopt secure to its pocyholders protection against
disaster and ruin in the future. Hence the perpetu
al vigilance and supervision exercised by State oici-
ais over our Life Insurance Companys operations.
In this connection pleased say that the Of
neers of the New York Life are well tried and expe
rienced underwriters and if any of the polcyhold-
ers are unacquainted with them, they have only Of
iconsut the e of this magazine tosatisy their curios
ty. t.NA tti lae a-t ~
The amount ofassets held on January
.d J, 1854 s2,sOsss7 %
huleS, and interest received and
dcSrueu, lnclud1ng premiums
gold, etc., etc, during the year 1854, 1,729,sn II
Total, ial 81 SASS, $40 %
Disbursements during the year 1854, in l,
Guiding paid losses by death, paid -1
on deposit for minors, for redemp-
ton Of dividends, annuities, and
surrendered and Cancelled policies,
K printing commissions, physicians iil
n fees, taxes, ect., etc. 72a,5os 81
Gross assets for the year, s8,e5s 755 81
Last the assets january L 1854 26k3 k2T %
Thus making net increase Of assets for
the year, Of s1OO5,917 20
During the year ending December 81 1864, the Com
pany issued 1905 policies insuring the aggregate
amount of $13,147,55s This is just as many policies
as would have taken Company three or four years
to have accomplished a few years ago. Such is the
progress that Life Insuranceis making at the present
day. 1.-THE fact is, excepting Government contracts
for furnishing Army and Navy supplies, we know O
no business that has ourished prosperously dur
ing the past four years of as 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 fifty
per cent. upon all participating life policies They
have directed the payment of the fifth and final in
staent of twenty per cent. dividends of 1850 to
1862 inclusive and and the redemption in full ofthose
declared In 1851 and 1862. Ht1G -
Policies subject to notes viii be credited with the
dividends on the settlement of next premium.
We trust the future win prove as successful the
| past. ua t rr
The officers are: Morris Franklin, President; Isaac
@. Kendall, Vice-President; William H. Beers, Ac-
| tuary; Theo. NJ. Banta, Cashier. =
JOHN 3. DOW & SON. Agents,
r-..-ta I'd -,tff 90 Erchon0e Street.
Aug. 23d-sneod1m s8i 1isds Hi meaf