The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1869-08-08

MUTUAL LIFE INSURANCE COMPANY
new Xosx,
FREDERICK 8. WINSTON, President.
embracing
A MATHEMATICAL VALUATION OF ITS LIAsIL1.
TIES,
BY WILLIAM II. 9. BARTLETT.
Professor Of Natural and Experimental Philosophy the
United States Military Academy .. West Point,
AND
A. E. CHURCH.
Professor Of Mathematics In the United States Military
Academy al West Point,
together with letter. from
Hon. WILLIAM BARNES.
superintendent Of the Insurance Department in the State Of
Nev York.
The above published pamphlet form for general crcula
ton, may be procured OF the Offices Of the Company H and
l Broadway or any agents throughout. the
Try Rsplee with highly important information Of interest
questioned ability and posIon should DO universally read
The following extracts are appended explanatory Of the
purposes Of the published rsports:.
meeting Of the Board of Trustees Of the Mutual Life
Company Of New York. 81 their ONCE in the
city Of New York. June 1852 wal, upon tho suggestion of
the president,
Resolved That Messrs J. " L. Pruyn, David Hoadley O.
q. Palmer, Henry Davies and william E. Dodge be and
hereby appointed committee examine assets Of
this company the and character OF the same
and Also Ascertain liabilities policies or other.
WISE and report the result OF such examination to this Board
The COMMITTEE believing II 70 b highly importau. to
ascertain from the best authority within their reach whether
the general basis on which lhe Company was transacus
Ito business and expected to meet ito obligations In the future
SOUND adopted the 10th June last the following
rssoluton:-
Resolved, That the President bs requested to engage The
services Of Professors Bartlett Church. of West Point,
and Also deemed advisable. those any other rna,he
NAUTICAL professor of ability and reputation for .b.
purpose Of examining the general principles and testing the
accuracy Of the Life Insurance Policies and
other obligations by the Company, and the liability
Of the Company such policies in order tina, may be
determined BY the highest professional ability and with all
the precision Of which the suojsc. capable wha. 10 tho
actual amour. of all the outstanding liabilities OF the Com
pany, whether on policies, annues granted or other
wiso and that the persons making such examination and
valuation be requested report writing the result thereof
to the President for the Of this Committee with such
statements and explanations they may deem proper
An able and interesting calculation Of the underlying prn
eips Of given by Professors Bartlett and Church
the body Of their report This portion alone will well s
pay psrusal BY oil intelligent thoughtful persons The
following salrac, partially indicates the manner In
which the subject 10 handled:-
There terms usually employed stating the fnan-
condition company 30 likely to m!sead
the words obligations They very often suggest
the minds Of persons with the prjpcples
assurance the most CONCLUSIONS and encender
doubt anxiety and prejudice quarters where If properly
UNDERWOOD, shoy would produce confidence repose and
wholesome conviction For instance the companss obea
tions for policies In force, with additions for increased
assurance, amount to than S22c ooo while your
gross assets represented 10 be little less than $4,000 ooo
bald and ike this seldom fails to
In minds ignorant Of the facts that lie behind not state. he
lief 'ha. tho company baukrup-hopelessy usovent Blu,
when comes 10 be understood that these and
assets are not smuI,aneousthat Ia tina, the obligations
are prospective and only gradually along the future
while the assets are present mus. grow during the same
future TO proportions with the maturing obi
gasons-hs question takes a new aspect and whsl before
safety.
TO illustrate If dollar to-day, he must 10