New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1873-09-29
From The IRsuranee Monitor $500 80,
UNHE NATIONAL LIFE INSURANCE COM
IL PANY OF THE UNITED STATES.
RRARIsGs JAY COOKIES FAILURE

SPECIAL EXAMINATION or THE COMPANY.
Prom the day organization the NATIONAL LlFB has been
and spoken Of as Jay GSS SSr % .9 Ti
noSedg ts rs Gsa sp bsT@aS Of 1S finance C@mtee
that his wide population prestige to is early Operations
somehow linked With those Of Mr.. Cooke.
So long that eenem9ns banking business was as;
proad BY repute It's celebrated freud hut when few
d. aSS zee
qgas IN IL Se oSe a 1 S S r d only to those
Of Mr. COOKIES forced to close Their doors it is sender that
dma friends Of the Company everywhere shared the anxiety oil It's
The gravity uch that felt justified request
special examination Of the COMPANY for while wo14 have been
have gwen faith such words merely while they mgAt
thorough knowledge could satisfy the public For
the Of obtaining such saoTgc Gentleman sG595fte via
be known concerning the standing and prospects Of ne
their books his Inspection T1e following statement Of tie SHoa
and shown By tue Comns books brought
laid representative by the employees Of the ohe
p pSbshed smother column 81 $50 on the reserve
Of each i9daa , Ss5 o a.Oe ii; bGoag,
three S o months that have since death
ap Sn that n Increase has not kept I with the sccamuaug
which have advanced at least $75 900 interval
Now after jaw Cooke has failed and the Enown what has the
Two indspas6e items Will answer
Locked up bankers oce but tie cOmpany
Treasury of the Dominion OfCansds Government bonds to
1872 800 and a' mortgage loans to the amoai Of
e now or liable 10 become uDproacv They improved
cty property popuou and worth hundred per
lien We might !ht here 'tEe out other asset in
in the land would Of themselves cover not merely the
but other liability against the company stockholders
present date round Of 80 100000 few words their
Concerning the cash bank and Tm't Companies the Philadelphia
Office deposited dollar viii Mr. Cooke nor any other pnte
banker Their deposits with the Fidelity aud First National Of
The State bonds may single
Company bed bond which has failed
pay angle and whose market
d...rp ahla fonit int ereat- beariu cha
Premiums Of collection require
S U5' oo V Amounting 70 less han $1,000 The pcc os
eondeed 10 toe OF the EIeors trasss aud kept as hey
strictly within I per cent reserve are the best Onset TO sueh liabilities
Here look for weakness Let be
isE' At re $780, st the s S % due 10 %na
on OF The . S % S% Of % eSe 4s u
HewiOrk report last January The changes made not i'm
represent an aggregate hhes per
loans viii i ao1, a1d important gIaans s 1a1 s GsSsI
sDher The proof Of worthless security therefor would
mutually protect other Not dollar has been loaned
Company stock Northern Pacific Every cot
later Company held IN It's POSSESSION, and
been made with risla regard to ,he fullest legal orns
worth dollar and the stock Of The ahngton BaS equally
acquainted with the tsO not G this exhibit rebounds
Conpapys We have stated the Of
Ses TIE explanation revealing as does NJ Coolies true relation
the Con viii most hos0r to the man 10 the eyes Of those who
In one To ia. coois for hacker
his sacred mis.en mpo
securing against the ordinary hazards Of the
mercantile CONFIDENT Mr.. Cooke
aid and credit while other hand be nYy Withheld
on should involve the C0mpany standing
lie ieud 10 bis counses stranger has dealings The
which be controlled summed thus lie
suggested mortgage
made his lie had anything
did be commission
be His Pnauce
simply In his extremity officers
found extremely embarrassing refuse
appeal and the banker fell leaving the Company
much establish financially unhsne Those who
private character Of Mr. Cooke will be
esioHs lie Of liberal aud unbounded
freely s further worthy enterprise
shng other THAI the approval Of his heart
alike has
stain and probably the country have
MOI general heartfelt sympathy Tor his Misfortune
We but word adj for the heae1t Of the Of
with accuracy
Everything required standing Of
from kep, possible up in
accurate aud convenient SHAPE business
constant and rapid bat the Of the yaa
able character s investments earning
cent The bulE offs policies for m profitable any
and u has not Investment Of magnitude which not arn
profitable reIan The eoiAera held good those tue banks
The National stronger to-day than and frightened policy
osr should suffer their the Company woah
be made by Of the
held against poey liabilities We will 81 his
fears bot rather hold policy the National investment
removed Tar from change dagger TIE mutabY Of human Affairs
permits