The Portland daily press., 1865-09-14
sPECIAL NOTICES.
lssom the p. s. Asuraues 7ess''s.l
New York Life Insurance Comply
Annual Report for January 1885.


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
naiisn did nomore for the profession than this, Its
services arc surely worth all that they cost For we
mold, after all that has been said and written the
subject, thatitis the menwho make the Company,
ana this making may either prove successful dis
asous' according to the fashioning of the workmen
TINS Is peculiarly with regard to Life Insurance m
situations knowledge Of the men, therefore, gives
us an insight into theworkings 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 pocyhoders protection against
disaster and ruin in the future. Hence the perpetu-
al vigilance and supervision exercised by State ofc-
ais over our Life Insurance Gompanys operations.
In this connection we are pleased say that the Of
fcers Of the New York Life well tried and expe-
rienced underwriters; andif any Of the policyhod-
ers are unacquainted with them, thew have only of
iconsult the file of this magazine to satisfy their curios
The amount ofassets held on January IA
i 1854, s2,eSs,ss7 %
nuties and interest received and tsl
accrued, including premiums on 81
gold, etc., ETC., during the year 1854, 1,72ss11 II
Total, s4,sss, $40 %
Disbursements during the year 1854, in, , -
GLIDING paid losses by death, paid ~
g on deposit for minors, for redemp- -n
}ia ton of dividends, annuites, and
surrendered and Cancelled policies,
printing commissions, physicians @a
fees, taxes, ect, etc. 724,5Os "a
4 M Gross assets for the year, sss5s,766 IS
Last year the assets ON january l. 1864, 2,s5s5 90
Thus making net increase of assets for lo
the year, Of s1.oo5,2Iy IS
During the yea- ending December 81 1864 the Com
pany issued 1905 new policies insurng the aggregate
amount of a13, 55s. This 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. (The fact is, excepting Government CO. tracts
for furnishing Army and Navy supplies, we know of
business that has fiourished 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 ofthc 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
sallment of twenty per cent on dividends Of 1850 to
1862 inclusive, and and the redemption in full those
declared in 1861 and 1852.
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.
The officers are Morris Franklin, President; Isaac
G. Kendall, Vice-President; William H. Beers, Ae-
tuary; Theo. M. Banta, Cashier.
JOHN E. DOW & SON. Agents, @
.AgNlJ} 51H 20 EsenanOe strsst.
Aug. 23d-sneodfm 20 g. sEil : tt-e -il