The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1865-09-09
SPECIAL NOTICES.
FRO" dc .. s Insurance Gasstts.I
New York Life Insurance Comply.
Annual Report for January l, 1855.

Our readers have long since become aoouain.sd
with the New York Life Insurance Co,nI,ang 80
been made somewhat familiar with the Character J,
the men who conduct its affairs. If insurance Iour-
nalisn did no more for the profession than this is
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 dis
astrous, according to the ashioning Of the workmen
This is peculiarly with regard to Life Insurance in
stitutons 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, may do something for a Fire In
surance Company to help it along, but life Office
must eyer depend upon the men and the method they
adopt to secure to It's polcyhoders 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 we are pleased say that the Of
hcers OF the New York Life are wen tried and expe-
rienced underwriters; and if any Of the poIicyhold
ers are nnacquanted with them, they have only OF
consult the tile Of this to satisfy their curioa
ty. s aetlt ssi3,s,..
The amount ofassets held on January
lis !, 1884, ,,.,,,,,,. s2,eSs,ss7 %
nuites, and interest received and
accrued, including premiums on
gOid etc., etc., during che year 1854, 1,720,siI IL
Total. Sass, $40 o9
Disbursements during the year 1864, I'M y
Guiding paid losses by death, paid lal
on deposit for minors, for redemp-
ton Of dividends, annuities, and
surrendered and cancelled policies,
printing commissions, physicians
fees, taxes, oct., etc. llI 72a,5ss 81
sy Gross assets for the year. ss,ess, Iss ).
Last year the assets on january 1, 1854, 265353 Sc
Thus making netincrease Of assets for
the year, Of 7i.4 ni lir y S1.0O6,217 43
During the year ending December 81, 1854 the Com
pany issued 40O5 new policies nsuring the aggregate
amount of $751; sos. This is Just as 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. lThe fact is excepting Government CO. tracts
for furnishing Army and Navy supplies, we know Of
no business that has lourishsd prosperously 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 fifty
per cent. upon all participating life policies They
have directed the payment of the ifth and final in
stament of twenty per cent dividends of 1850 tc
1860, inclusive, and and the redemption in full ofthost
declared in 1861 and 1862 TFIra
Policies subject TO notes win be credited With tn
diyidenison the settlement Of next premium.
We trust the future win prove as successful as tn
past. f4 rfr-v-.4,-
The officers ares Morris Franklin, President Isaa
G. Kendall, vice-P President; William H. Beers, Ac
tuary; Theo. NJ. Banta, Cashier.
,lae JOHN E. DOW & SON. Agents,
el5alS.ug 80 E1chan0e Street.
Aug. 23d-sneod1m