The sun. [volume] (New York [N.Y.]) 1833-1916, 1870-06-06
susurans
DEpoRr OF GEORGE W. MILLER,

DEPORT OF GEORGE w. MILLER,
sUPERINTkNDENT OF THE INSURANCE. DEPART.
MENT OF THE STATE OF NEW YORK.
OF HIS EXAMINATION OF IRE SPECIAL
CHARGES AGAINST THE OFFICERS
AND TRUSTEES.
AND THE GENERAL CONDITION OF THE AFFAIRS
THE MUTUAL LIFE INSURANCE COMPANY OF
NEW YORK
This comprehensive and able document containing
summary OF the various charges which have been cir.
eSis q The Mgissi Lie Insurance Cemnsny and tScr
once sI u s
sSo"d ,Sg po:.e:.iSn every pGicyhSlIdsSI s..
M s@s 81 ne
ment. Iumoss came 20 my snowiedge soon followed
u lie auiusi Life Insurance. Company Of New Yors.
The.e charges we're % Serious chsIaeter present
ue. that thoroush inyestgstion into their grounds,
s,,$ ~ ~ q ~ M;
ssS to sAi s;s' '.ss;saS R 'S,
%.nsse%ss%s s.a Ss.Sd,S% 'Ss Company X
tc ssi f9S' ,neicqsS e and sosps.s been
continued through "a pSriod Of Of, about 10 three
have been taken and ,hs books q every dc,cIpIon,
cecaos 10 detail the results OF my HSesiis atons to
under which the cnsminstion va. commenced ana
OF sSce hnrs az Ss me eS ecs
was Mr.. J W. Mtculloh who kindly nurnlsheda cory
the proocedlnss throughout Eycry facility Tor the
and myself Saf ~ The ooe Of Com
pany. - -
sf raars' :y ce q
s Se S Of y me sss
peIintendent are as follows
tbs treat Ton psny besides special charge: already
q aud
the thode OF business well as review Of the his
20 o. ss
liz e SSps se psse and ssS x eo
ton Inns long occupiedi thai has acquired this lead
rass sa doe ne eesney aS Sna .
aos hSe e TR ana ss Ss r
nsSr.nee Company q ,hs STATE The presen, chief
paw amounted 70 s.glsfs The number. Of policies
ISL on no aI.i Q, January $50 The assets q nc Com
surfing ss Ssscl me income Of The Company for
over sslocoSo nSe.isd $3.50 IN bond. and mot;
. View Jersey scns upon real estate .i,ua,s IL sis
state The asset. o. ths COMPANY we're found % cor
ans, 6epsrsnSs They .ss q hs hSso,. ords,
Worthy o aSt ass IL. .,rcss', .ectiny into he
manag cent OF this Company during the past si1teea
OF seventeen years during which snch vast amount
sums OF money have been received invested, not
one dollar discovered to have been lost by the
bczSemcnt. dedication, or breach OF trust OF any Of
succefs should excite not only generous rivalry In this
giea ned OF business enterprise bui also Jealousy
as well personal animoeties and ticsms II T. he
company should resort 10 yincatton OF another
ssne,,9g III interest, Of their own co@psny
the standing Of Company OF the legality OF Ia man
agement seriously made upon prtud Jdc> reasonable
grounds 10 the superintendent he Will, "A In this
tsate them In mating these retnArAs. no reference
are merely aimed generally at what have conceived
por, I would tay that entered upon this eIamins
uop certsInly not prcdsposed to extend any special
ieyor 90 the COMPANY but fuly determined " probe
20 mee ont equal ana exact justice This TO the best
OF my nbilit, have done. Personal examinations OF
the present than they under the late
tion OF the In surance Department.
IL will be gratifying n those examinations disclose no
greater iFregulartes nor cause more serious appre
than this has done. II II our Life Insurance Com
nnns sre sound and reliable, the Mutual Life must
cannot close this report without expressing my Ap
probation OF the energy aud research and
tie valuable assistance OF Mr. J. W, McCuloh through.
out the Investigation, and my acknowlcd -mcnts to The
various officer and trustees Of the Company their
ready oomp lance with all requirements. and their
In language which have before used will only add
My examination has sati-rcd me that the Company
has been managed with peculiar ability and integrity
and that It's eSg EpRE s%mIsfIiI sSaorD,epse0
STATE oF NEw YORK.
Insurance DEPARTMENT.
ALBANY, May ., $50