The Portland daily press., 1865-09-04
Iron @e o. s. Insurance Gasests.l
New York Life Insurance Comply.
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
naism did 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 1t is the men who make the Company
and this making may either prove successful or dis
astrous, according to the fshioning of the workmen
This peculiarly so with regard to Life Insurance
situations A 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 a Fire In
surance CONF any to help it along, but life office
must ever del end upon the and the method they
adopt to secure to its pocyhoiers protection against
disaster and ruin in the future Hence the perpetu-
al vigilance and supervision exercised by State oci-
alsoyer our Life Insurance Company's operations.
In this connection 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 are unacquainted with them, they have only to
consut the tile of this magazine to satisfy their curios
| .ty.4.ftr fgFr rF I,
The amount ofassets held on January
Amount of premiums, endowments an -
q nuities, ami interest received and
accrued, incluIing premiums on 81
gold, etc. etc.. during the year 1884, 1,72ss11 II
EI5O Total, sga G.5laa s4,sss, $40 %
Disbursements during the year 1884, in AZ
Guiding paid losses by death, paid }fs
on deposit for minors for redemp-
ton of dividends, annuities, and
surren Tered AMI Cancelled policies, aG ~
l. printing commissions, physicians ~
fees, taxes, ect, etc. 724,593 "a
Gross assets for the year, $S.65s 75b IS
Last year the assets on January 1884 2,65s5s7 90
T1.,,e
the year, of le8a h D s1,OO5 217 g
During the year ending December 81, 1884, the Com
pany issued 1905 policies nsuring the aggregate
amount of ,55S. This is just as many policies
as would have taken Company three or four years
to have accomplished a 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 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
stallment of twenty per cent dividends of 1850 to
1862 inclusive and and the redemption in full ofthose
declared in 1861 and 1862. 4f
Policies subject to notes VIII 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
c. Kendall, Vice President; William H. Beers, Ac-
tuary; Theo. NJ Banta, Cashier.
.SE JOHN E. DOW & SON. Agents,
ls.ga5 S ails M 80 E.schange Street.
Aug. 23d-sneod1m