New-York tribune., 1870-06-02
Condition Of tho Affairs of
MUTUAL LIFE INSURANCE COMPANY
OP NEW YORK.

This comprehensive ard able document containing summary Of pe
various charges which have been circulated the community agp tho
Trustees and officers Of the Mutual Life Insnrance COMPANY er
complete reuaoD By the highest authority State may On
application the Company ,s Office Broiw nd
will well repay peusa BY all persons tbs great uson IA
should BE- in the Possession Of eye poe Lode The following
extracts indicate the tenor Of Report:
Very after entering upon the discharge Of the duties Snpe1n
endent Of the Insurance Department kHosge
followed by direct charges u aanec IN tie De Mo-
character presented much dstnctEes. urg B ub
general state .a Of n TO- as % e co%Pa @ .e @ 5y s s leo 20
on The interest. noSci n IL .oerey and GOOD naaagme s.
vast and eIenicd that while aRneesa alarm s 5ey
Gated i vas yet due to the tens Of hoa'a1ds 70 DE- w
interested to know from some patient hi.hia ofsii
Of the Company Eycry has mste n-
vestgaton thorough and complete u has been continued iho
ony books ever description
sD 5 ept eIsS,s before 15 eS Sos eo & s % & o @ u %
e 70 state i,s facts n 5satS = The Pscuat T a9 Te5
who bad preferred charge Of specific eh,ra. ,g e ofce' "a
charges and who attended and participated in the proceedings bu b.
forde Mr. NcCuoh and sell by tie officers Of the Company
Here follow charges rm and finding Of superintendent
Miller each but the length Of the document prcu the publication
columns detail The concluding remarks Of The suTeD
tendent follows
Having undertaken the ssars Of ge,t Coty
eses the special charges already considered have continued un,
methods business well review Of the history tie Company
% se as& a5ao lie e Gs T 'aa q .a S % aS %
the & iG1ss'se bss G rI & .' % and SageeSf %
fonab due The efcencv ab AID 6le oie
and was the a Mutual Lie Insurance Corpan oi iii, state ne
present chief officer Dr Frederick S Nnou, became
President which the sHets n he COMPANY
t20s76 The number OF policies ,hn ~ force va 5 nsnng
+l75J On the l II January 1870 ne assfts u
the Compauy increased tie Of %133 lte
policies then force 70 l lnsuuug 80 si' 2 TIE
Of the Congany for the 1899 about *l5e0Go OF
tie assets 21gOGn invested in bonds and
real except about +2s ' NewJere being upon al
estate this The assets Of the Company found
the highest order Of eures,
and have been safely kept fact worthy Of remark that
the srctest into the management Of this Compny during tho
ps which such vast amount o bn
and snc 0f money have zen rcd
and invested discovered baye been lost By the e
element defcatoa breach officer trustee II
yar field II but also qs
Of Officers xh view 20 advancing he a-
company themselves there are charges n
feting the standing Of company, Or the Legality oi 10 nA
seriously made upon primo Jaoi> reasonable gourds 70 The
be will in this deem II hs fuT
them. In making these marAs
reference hal any Company person in particular l are
practice In concluding this report would that entered Upon Us
presVO, extend special favor "a tls
able out equal and exact justice ias 10
the ms Personal examinations Of The arars
of Companies under the present than The we're
under the late Administration O the lrurance Department
examinations disclose greater fgnn'
ties appenOns for the future Of ih' Ton
pares eramiue Life lnunce tom-
tn
deagble AMI the valuable assiance oi M y"
and Trustees OF the Company Tor tler re "pHv
with all requirements ami their geuersl courtesy. . -
In language which have before used will only add: Ny enamna
satisfied tht the Company has been nansged m '
GEORGE W. MILLER, Superintendent
Insurance Department; State Of Newior Albany May 70 1870