The Portland daily press., 1865-09-23
eas From the U. S. Insurance Gasesss.l
New York Life Insurance Comply.
X Annual Report for January l, 1855.


Our readers have long since become acquainted
with the New York Life Insurance Company, and
Deen made somewhat familiar with the character OF
the men who conduct its affairs. If Insurance jour
nasin did no more for the profession than this, its
services are surely worth all that they cost. For we
hold ater all that has been said and written ON the
SUBJECT, That 1t is the who make the Company,
and this making may either prove successful dis
astrous, according to the fshioning OF the wormen.
This Is peculiarly with regard to Life Insurance in
,sttutions knowledge OF the men, therefore, gives
US an insight into the workings conduct, and man
agement OF the Company. A large capital, with
handsome surplus, maydo something for Fire In
surance Company to help it along, but life Office
must ever depend upon the men and the method they
adopt to to its poicyhoders protection against
disaster and ruin in the future. Hence the perpetu-
al vigilance and supervision exercised by State ofic
nls over our Life Insurance Company's operations.
In this connection we are pleased to say that the Of
fcers fthe New York Life ara well tried and expe-
rienced underwriters; and if any of the policyhod-
ers are unacquanted with taem they have only of
iconsult the file of this to satisfy their curos
ty. rrrr rnt-a tn 81 sfr
The amount ofassets held on January g-l
1, 1864, s2,sSs,ss1 %
nuities, and interest received and M
accrued, including premiums on ao
gold ETC., etc., during the year 1885 1,729s11 IT
= Total, s4,sss,s4o %
Disbursements during the year 1864, in ~ ~
Guiding paid losses by death, paid l
q "a on deposit for minors, for redemp- Us lnci
q ton Of dividends, annuities and ..,sl
surrendered and Cancelled policies,
z, printing commissions, physieian'st
4 fees, taxes, ect, etc. l 72i,693 "a
' Gross assets for the year, $s,66s, 755 s.
Last year the assets on january J. 1854, 2,655,5 So
Thus making netincrease of assets for .3a-
30 the year, Of m $1,OO5,2l7 q
During thu year ending December 81 1884, the Com
pany Issued 1905 policies insuring the aggregate
amount Of &f3,1 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 is making at the present
day. (The fact is excepting Government CO. tracts
for furnishing Army and Navy supplies, we know of
no business that has fourished SO prosperousy dur
ing the past fonr years of war 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 18th and final in
stament of twenty per cent. dividends of 1850 to
1860 inclusive and and the redemption in full ofthose
declared in 1861 and 1862 ~ , ORA
Policies subject to notes win be credited with the
dividends on the settlement of next premium. -
We trust the future will prove successful the
past. e-r1 r,5El tE1qrEE
The officers Morris Franklin, President; Isaac
G. Kendall, Vice-President; William H. Beers, Ac-
tuary; Theo. n. Banta, Cashier. Hg
JOHN E. DOW & SON. Agents,
80 Exchange Street.
Aug. 23d-5neod1m -ae7