New-York tribune., 1873-04-09
EXAMINATION OF LIFE INSURANCE NAN.
AGEMENT

At regular meeting of the Board of Trus-
tees held at the Office OF the Mutual Life Com
pany IN the City York, the 10th day OF Febru
ary 1879 the following report presented and unani-
mously adopted:
NEw-YORR, Feb. :, 1873
The undersigned, Committee composed Of four
Trustees Of the Mutual Life Insurance Company Of New
York and policy who are not Trustees ap-
pointed to examine the assets Of the Company and
report thereon with full power to extend their exam
nation to any aud every matter connected with the
management and condition OF the Company which they
consider requires their attention.
REPoRT:
That they have examined the statement Of the ac-
and assets OF the Company and also all It's seel
rifles together with the books OF the Company ana nnd
be in accordance with the statement sub
mitted They have also examined the several depart
OF the office, including the system and mode or
conducting business and believe that the Investments
are made and that the institution Is econom
cay administered, the expenses for the year 1872
ceps for the same period. They have also read and
considered the various charges ana accusations OF reg
uarties Of conduct the part OF the executive Oncer
OF the Company in conducting its business, which nave
appeared In the public prints
The Committee find III these charges none OF recent Oe
and none which have not already been yesti
gated and satisfactorily reported upon by authority
Company has lost any portion OF It's iahd5 OF tna lts
property has been lmperled by the lnndety or inca
pacity Of it's officers: and they also hnd that some
Of the most important testimony upon which
these charges based is now overruled by
the same Witnesses NuO inolp
acquaintance with the affairs OF the Company that they
believe the to be faithfully and judciOusy CON
Quoted The Committee therefore unite with the Trus
tees In their vote OF October H. 1879, that
"the present fitting occasion TO express their conf
the vatchulness, ability, ana integrity with
business been conducted by the executive
officers and their appreciation OF the faithful perform
OF their duties by those employed IN other depart
ments OF the institution"
ALEXANDER II. RICE.
JOHN WADswoRTH. or the
JOHN T.. DEyELIS, Board OF Trustees.
+. r. STARR,
JAMES ID. FISH,
T.. A. QUINTARD, or the
h. X BALTZER, Policy holders.
j. II. HERRICK,
On motion IL resolved that the foregoing report
be published aud that the following minute be appended
thereto:
In appointing the customary Annual Committee TO
anime the statement and condition OF the Company the
Trustees thought IL expedent, ana due 10 the policy
holders well to themselves to invite representa-
ton persons interested IN the Company, but IN
way connected with the administration, 10 participate
thereu In order that thorough examination might be
made report issued which should carry conviction
the public mind, and be at the time response
certain charges OF m-managemeut which have been
circulated in the public journals In selecting such rep
signed the recent remOnstrance against proposed
change IN the policy OF the Company. and who, while Of
undOubted standing and qualifications, might not be
considered preudiced IN favor OF the The
result OF this examination s given above. The result o
the management is shown IN the Compauy's Annual
Statements.
Published by order OF the Trustees.
RICHARD A. MCCURDT.
Vice President. and erocio Secretary Vi tue Board