Baltimore daily commercial. [volume] (Baltimore, Md.) 1865-1867, 1866-02-16
Reported for the Daily COMMERCIAL

'ANWENTY.FiRsr ANNUAL REPORT
NEW YORK
LIFE INSURANCE co.
HOME OFFICE,
Nos. lIa and ia Broadway, New York.
BRANCH OFFICE,
No. North street.
e. :. RICHARDSON G. SONS,
AGENTS FOR MARYLAND.
JANUARY L, 1866.
Amount ofassets Jan l. 1S65............ 755 So
Amount of premiums
ceived during 1S65......,.....S 81, ,604 So
Amount of interest received
and accrued, including
premium on gold, &c..... 257, 260 5i-2,3i20 65 40
Total. $6OOO,S2O 95
DISBURSEMENTS.
Paid losses by death.......... S490,522 03
Paid for redemption of divi-
dends, annuities and
rendered and cancelled
policies ................... 294,69S So
Paid salaries, printing and
Office expenses............r. 7l,58 95
Paid commissions and agen-
cy expenses. 2l64o5 5Se
Paid for advertising and
physicians fees... 3l,5i2 Il
Paid taxes, internal revenue
stamps, contributions
and law expenses.....~...,. 1i,2O3 2O-l,11S,9O 25
Total. $751; 19 20
ASSETS.
Cash on hand and in Bank. $25OO36 Sc
Invested in United States
stocks. cost...................... 2,115,431 IS
market value S2140T75)
Invested in New York City
Bank stocks, cost... 1851 so
Market value S54.475)
Invested in other stocks,
cost................. 33S,923 Is
market value 1884 O15)
Loans on demand secured
by United States and other
stocks.............~....... $3.50 90
market value $55 S58)
Real Estate ........... 1858 "A
Market value S250,000)
Bonds and Mortgages......... 25O747 %
Premium notes on existing
policies bearing interest. 1,1S6.9SS q
Quarterly and semi-annual
premiums due subsequent
to Jan. l. 1s66...~.............. 2l2,451 o.
Interest accrued to Jan. l.
1866 .................... 6O,9SO 50
Rents accrued to Jan. l,
1866. ..........~................... l.S79 u
Premium policies in
hands Of agents and in
course of transmission. 197,6O1 54-4, SS1, 9l9 20
The Trustees have declared return premium as
follows: A Scrip Dividend ofFIFTY PER CENT upon
all participating premiums Life Policies in force.
which werei issued twelve months prior to January l,
1885, and directed the redemption in full of the divi
dends declared in 1868 and 1864.
Certificates will be redeemed in cash and after
the first Monday in March next, on presentation at
the home Office Policies subject to notes will be cred
Sted with the return settlement of next premium.
By order of the board.
WILLIAM H. BEERS. Actuary.
During the year SIS new policies were issued, in
surfing $16,324,SSS.
BALANCE SHEET OF ,THE COMPANY. JAN.
1866
Assets above at .SSl,9l9
Market value.-S5, 0lS, 449 %
Disposed of as follows:
Reserved for losses, due sub
sequent to January l, 1866 S7S,Sl IS
Reserved for reported losses,
awaiting prOofs.............. $500 %
Reserved for special deposit
for minor children. 2S5 rs
Amount reserved for rein
surance on all existing
policies, VALUATIONS at
per cent. interest," .....". 3.520,297 60
Reserved for:
Dividends declared prior to
1868, due and payable on
demand. 1921 So
Dividends, 1868 and 1864,
now to be paid 232S95 90
Dividend, 1866, (present val
ne. .................. 3l5O42 90
Dividend. 1866, present val
ue)..........................-. 4O6117 90
Special reserve, mot divi-
ded ..................... 1S4.22S 95-4,SSl, 9l9
MORRIS FRANKLIN. President.
ISAAC c. kENDA L.....~yice-President
WILLIAM III. BEE1S....Actuary.
fe 14-eo6t