The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1865-09-07
SPECIAL NOTICES.
StFron The U. s. Insurance Gasette.l
New York Lille Insurance Comply
Annual Report for Jannary i 1855,

onr readers have long since become acquainted
with the New York Life Insurance Company, and
peen made somewhat familiar with the character OF
the men who conduct its affairs If insurance jour
nalsm did NO more for the profession than this its
services are surely worth all that they cost For
hoiu after all that has been said and written the
subject, that tit is the men who make the Company,
anu TINS making may either prove successful or dis
astrous, according to the shionng of the workmen.
Ihs Is peculiarly with regard to Life Insurance
situations. 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 Fire In
surance Comp any to help it along, but life office
must ever depend upon the and the method they
adopt to secure to its polcyhoers protection against
disaster and ruin In the future. Hence the perpetu-
al vigilance and supervision exercised by State ofci-
ais over our Life Insurance Company's operations.
In this connection we pleased to say that the Of
cers of the New York Life are wen tried and expe
rienced underwriters; and If any of the policyhold
ers unacquainted with them, they have only to
iconsu the tile Of this magazine to satisfy their curios
The amount ofassets held on January cd
l, 1864, S2.653 337 %
Amount of premiums endowments.a '''O''1 -
nuities and interest received and
gold, etc., etc., during the year 1884, 172e,st1 II
Total, Sass, s4s Os
Disbursements during the year 1864, in
Guiding paid losses by death. paid
on deposit for minors, for redemp-y ,''i1
ton of dividends, annuities, and 1874
surrendered and Cancelled pOlicies r. -
printing commissions physicians
fees, taxes, ect., etc. asieGmsJ 724,593 "a
Gross assets for the year, $Ss5s, 1855 81
Last year the assets on January 1854 $685. 537 50
Thus making netincrease of assets for r
M the year, of $1,OO5,2i7 %
During the year ending December 81, 1854, the Com
pany issued 4,9O5 policies insuring the aggregate
amount of $1314755s. This is just as many policies
as would have taken a 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
business that has ourished so prosperously dur
ing the past four 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. b
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
sallment of twenty per cent dividends of 1850 TO
1862 Inclusive and and the redemption in full those
declared in 1861 and 1862. -
Policies subject to notes will be credited with the
dividends on the settlement of next premium. =
We trust the future win prove as successful as the
past. A tA,f4 (4&5f G
The officers are: Morris Franklin, President; Isaac
G. Kendall, vice-President; William H. Beers, Ac-
tuary; Theo. M. Banta, Cashier. q :.
JOHN E. DOW & SON. Agents, =.
a,- 80 Exchange Street. y