The New York herald., 1868-11-07
MISCELLANEOUS.

MISCELLANEOUS.
stockholders after 1882 limited to I'VE per cent on eap
tai over legal interest.
GLOBE, 100 Fulton street, New Yors.
Interest on capital g sooo6 a. seven per cent payable.
''mapna rweny per cent Of the net profits 10 be set
aside belong to the policy holders be held by the
Company permanent guarantee fund.- not 70 exceed
ssoooo; but paid annually to The
stockholders"
HOME, 25S Broadway, New York.
stockholders limited to twelve per capital.
payable halyeay reserve fund of s2Oaooo is to be
up out Of profits at discretion Of Directors
GREAT WESTERN, 20 Nassau street. New York
Twenty per cent Of profits payable TO stockholders
HAHNEMANN Cleveland, Ohio
Ten cent set apart for retirement paid up capital Of
100000 Interest paid annually at seven and shresepb.
per cent on 100000 responsible capital under Ohio
generaila
KNICKERBoCKER, lsi broadway, New York.
Stockholders are entitled twenty per the pronts
beside dividend the capital Dividends de-
clad policy holders annually since 1861 after three pay
applicable the fourth year. Interest and
profit dividends paid stockholders 100000 capital from
1858 to 1857 sls9o 75 Total premiums received since
eanzatIon, up to December 81 1857, s4o452 a. and
dividends declared to policy holders sl4Sn so paid
allowed, s4a,oe7 %.
MANHATTAN, 1856 Broadway, New York.
Seven per cent tores. on 100000 capital and one eighth
Of the profits payable stockholders annually cash.
Residue Of profits paid policy holders annually after
payments made Total interest pron. dividends paid
stockholders from 1858 1867 s2asoOo. Total dividends
declared to policy holders ~ up Dccooera 1867.
METROPOLITAN, 24s Broadway, New York.
Ten per cent Of profits payable to stockholders.
MUTUAL PROTECTION, lsa Broadway New York.
organized 1862
Cash capital, 100000; per cent interest," payable
semi-annuay; twenty per OF net profits to be set
ap.rt and held by the company as a permanent gua-
rantee fund.- subec. of the company interest
upon which fund be paid annually pro rata to the
stockholders.
NATIONAL 2la Broadway, New York.
Ten per cen. of profits payable to stockholders.
NEW JERSEY MUTUAL Newark, NJ.
Ten per cent of profits payable to stockholders.
NORTH AMERICA, s2s Broadway, New York.
Ineres. DIVIDEND OF seven per per 100000
capital, payable semi-annualy Stockholders to bs
also credited annually $4,000 reserve fund, payable
to them upon retirement OF tho capital stock One
eighth Of remaining surplus payable to stockholders
annually with interest dividend. Residue Of profits
credited participating policy holders and to be represented
by SCRIPT redeemablc reaching s5c to extent deemed
advisable by Board and profit dividend paid to
stockholders 1864 1851 soo exclusive of $4,000 reserve
fund.- credited to them OF dividends declared to
policy holders, outstanding and unappsd, si'Sola ~.
PHOENIX MUTUAL Hartford, Conn.
Stockholders receive six per cent on chartered capital Of
slooo only $4,000 being paid up. All residue pros.s
| paid to the insured.
SECURITY, 81 Pine street, New York.
Twenty per profits payable stockholders undcs
original charter stockholders signed agreement
under amended chartcr limiting interest capital
twelve per cent per annum currency.
UNITED STATES, 40 Wall street, New York.
Twenty cent OF net proels paid to Stockholders be-
sides annual nseres, capital Capital lately increased
ssooooO charter authorizes increase to one aon In.
eress and dividends paid on stock 1851 1868 sa57 S.
Amount of profit dividends declared policy holders now
outstanding reported Massachusetts, at pesen. value.
sl55ooo. Policy holders share profits on stock plan.
WORLD MUTUAL, liz Broadway.
Twelve and half per profits payable 10 stock
holders. None yet apportioned.
STOCK COMPANIES
The following list of tho stock companies which pay
all the profits OF the business to the stockholders
To US docs not seem wise for any Legislature to farm
out capitalists business of collecting and managing
the funds provided by the people for their widows and
orphsns-Massachu.et,s Insurance commIssonsrs' Re-
ports, pagel5z
Human life sacred an interest; II has loo many 70
ia,ons besides pecuniary much value that
ranscends arithmetic we hear of many e.huma.
ons validity Ifo policies to trust tho
market like COAL copper petroleum. Com
misslonerc report, 1860
The value Of the stocks OF managed proprietay
companies England during past years Las run up to su or
eight times their par value There be but ono cxpana-
ton for that there large profits In the
business which might been but were no, divided among
the policy holders who contributed to produce such profits
"Bus the great objection after ALL 10 the Stock Plap
the foundation Of the system. After man becomes policy
holder 10 Stock Company he has favors expect
the Stockholders Their interests diametricaly opposed
his The public demand that their money shall produce
something for ,hemscvea"-Anon.
NATIONAL LIFE INSURANCE CO., Washington, DC.
(Jay Cooke 4 Coz chartered July a5 1858 Capital one