The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1865-08-30
.dslA ,,IFrOm the U. s. Insurance Gasetts.l II
New York Life Insurance Comply
b aag@ sol 1glA 500 aSFgoH
Annual Report for January l, 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-
nalism 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
ami this making may either prove successful or dis
asrous, according to the fashioning Of the workmez
This is peculiarly so with regard to Life Insurance in
situations. knowledge of the men, therefore, gives
us an insight into the workings conduct, and man
agement Of the Company. large capital, with
handsome surplus, may do 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 secure to its pocyholders protection against
disaster and ruin in the future Hence the perpetu
al vigilance and supervision exercised by State oci
ais over our Life Insurance Company's operations.
In this connection We pleased to say that the Of
hcers Of the New York Life are well tried and expe
renced underwriters; and if any of the polcyhold-
ersare unacquainted with them, they have only to
iconsult the file Of this magazine tosas their curios
ty. 10 0siapas s-ss0ol xa5 - a -nd ~
The amount ofassets held on January Is.
.md,,a 1854 rr.r,,,r,. .ua. s2s6s,ss7 o.
9 nuities and interest received and <ae
accrued, including premiums on
gold, etc., ETC., during the year 1854 1,72s,s11 II
=. =. Us Total .'''i s. haf s4,s8s, $40 %
Disbursements during the year 1864, in
Guiding paid losses by death, paid -
on deposit for minors for redemp- -
u ton Of Dividends, annuites, and
surrendered and Cancelled policies,
printing commissions, physicians -.
fees, taxes, ect., etc. 7245as "a
-. Gross assets for the year, $s,e5s, 755 IS
Last year the assets on January 1864, 2653537 90
"a : .ss
Thus making netincrease Of assets for
sa the year, Of 81 5aa hsaaa $1,Oo5,217 4s
1 During the year ending December 81 1884 the Com
pany issued 49o5 policies insuring the aggregate
amount of $13 55S This is just as many policies
as wcAld have taken Company three or four years
to have accomplished few years ago. Such is the
progress that Life Insurance making at the present
day. tThe fact is, excepting Government co. tracts
for furnishing Army and Navy supplies, we know of
no business that has ourished 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
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
stament twenty per cent. dividends of 1850 to
1862 inclusive, and and the redemption in full ofthose
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. WI y Fef go
The officers Morris Franklin, President; Isaac
G. Kendall, Vice-P President; William II. Beers. Ac-
tuary; Theo. M. Banta, Cashier. Fi4t 6f
~ JOHN E. DOW & SON. Agents, &
,s'lsls1a f2sl., sgs, 90 Erehaa0e s,reef.
Aug 23d-sneod1m ,eat