The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1871-02-14

The twenty sixth annual report of the New
YORK LIFE INSURANCE COMPANY which we
publish to day, will be read with pleasure by
the fortunate polcy-holders of that Company,
| and among whom a surplus of more than q
million of dollars is to be divided during the
present year. The "New York Life" has al
ways been favorite company, and its policy
holders have expressed much satisfaction each
year at its clear annual balance sheets. The
company closes its twenty-sixth year OF coz.
tinued prosperity with assets Of almost sixteen
millions of dollars, an increase in one year of
nerly three millions, and all this accumulation
was made, notwithstanding over million and
quarter, have been paid out for losses by
death, and over million for dividends.
Ihis company being partly mutual the entire
surplus earnings are divided among the policy
hoiders. Annual dividends are allowed in
cash, and all risks are investigated before as
Stunning them and not after losses occur Act
ing upon the broad principle that insanity is
the result of disease and that suicide is an evil
dence OF insanity; this company have always
paid all losses caused by suicide.
Its management is conducted on strictly con-
sentative principles, and the utmost economy.
The highly prosperous condition of this COM
pany, and its long continued success give evil
dence of the great ability of its management.
The President-Morris Franklin, ESQ.,. has
ably presided over the institution since 1S49,
and the Vice President,W. Ell. Beers, Esq, has
the reputation of being one of the most able ac-
tuarys and life underwriters in this country.
The taking of life policy il an important
transaction.
There can be no mistake in becoming con-
nected with a company like the New York
Life.
Parties desiring Insurance and wishing to
knew more CT this company would do we'll to
call upon the General Agent, W. f. Morrill,, at
Fluent's Block.
The MUTUAL LIFE INSURANCE Co.-Those
of readers who are interested in Life Insur-
ance, will do we'll to read the annual statement
of the Great Mutual Life Insurance Company
of New York, as presented in our columns this
morning. The old Company, as will be seen.
now shows the immense assets of NEARLY S43-
600, 900 leash, or such as can be converted in
to cash at any moment.
After reserving all that is necessary for re-
insurance of every policy, it has desirable
surplus of over So, 600, 900.
In these times of doubt and uncertainty it is
well for our friends to know that there is no
such thing as fail with such Company as this
Mr.. Little having been its agent for m ore than
q years, is prepared to give all needful infor-
nation on the subject.
INsURANCE.-We invite the attention of the
readers of the PRESS to the statements of the
several insurance companies advertised in to-
days issue, by Messrs. Dow, Coffin & Libby,
who are agents. 1t will be seen at glance
that these companies are in a safe condition,
and are just such reliable concerns as insurers
like to risk their property With, feeling perfect
ly safe if anything should occur by which their
property should be damaged or destroyed. The
Office of Messrs. Dow, Coffin & Libby has re-
Gently been removed to Thomas new block,
No. AZ Exchange street, where they will be
happy to give those who wish to get their prop.
erty insured all needful Information.
WE would call the attention of our readers
who are looking for Sewing Machine to the
advertisement of Plummer & Wilder 173