The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1865-09-01
Special NOTICES.
Annual Report for January l, 1866.

Our readers have long since boco,o, ......,-.-,
with the New York Life Insurance co,-SlN--
been made somewhat familiar with the oLa.an,.r
the men who conduct its affairs. If insuraDoo -.
nalism did no for the profession than thi 81
services are surely worth all that they cost For We
hold afar 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 dis
astrous, according the shioning of the workmen.
This is peculiarly with regard TO Life Insurance in
stltutions. A knowledge ofthe men, therefore, gives
us an insight into the workings, conduct and man
agement of the Company large capital, with
handsome surplus, rnaydo something for Fire In
surance Company TO help it along, but life Office
must ever deTend upon the and the method they
adopt 10 secure to its policyhoers 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 to say that the Of
cers Of the New York Life are wen tried and expo
rienced underwriters; and ii any of the polIcyhold-
ers are unacquainted with them, they have only to
consult the file Of this to satisfy their curios
ty. H hns rat3snstau f4fr bias. 81
The amount ofassets held on January Isl
\ 1864 a.., N. 49, s2,e5s,ss7 %
ntities, and interest received anil ~ ia 1909.
accrued, including premiums on I,u
gold, etc., etc, during the year 1864, 1,729s11 II
VI Total, of si,sss $40 90
Disbursements during the year 1854, in
Guiding paid losses by death, paid Hti -u-
ON deposit for minors, for redemp- '..
tion of dividends, annuites, and
SURRENDERED AMI Cancelled policies,
p printing commissions, physicians
fees, taxes, ect., etc. 7si,505 "A
Gross assets for tlley year, Ss,c5s755 s.
Last year The assets on january l. 1864, 265S5S 20
Thus making net increase ofassets for
the year. of s9 s1OO5,2i7 IS
During the year ending December 81, 1884, the Com
panylsucd 900 new policies insurng the aggregate
amount OF $13,f47 55S This is just as many policies
as woaid have taken a Company three or four years
TO have accomplished a Few years ago. Such is the
progress chat Life Insurance is making at the present
day. (The fact is, excepting Government co, tracts
for furnishing Army and Navy supplies, we know of
business that has Hourished prospe,ously 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 spells.
The Trustees have declared scrip dividend of fly
per cent. upon all participating life policies They
have directed the payment Of the fifth 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 1892.
Policies subject to notes win be credited with the
dividends on the settlement of next premium.
We trust the future vim prove successful as the
past
The officers Morris Franklin, President; Isaac
c. Kendall, Vice President; William II. Beers, Ac-
tuary; Theo. M. Banta, Cashier. s.. -.-f.
JOHN E. DOW & SON. Agents,
em 80 Esehaa9e Street.
Aug. 23d-sneod1m gai ll lHf Iilo