Bristol news. [volume] (Bristol, Va. & Tenn.) 1867-189?, 1873-02-11
To the Board Of Directors Of the Br's-
tot Branch Of the Missouri Hduey
Life Insurance Company.

|
At your instance | visited the cities
ofLeavenworth and Topeka, Kansas, with
! instructions to examine into the financial
condition of the Missouri Valley Life In
surance Company, and ascertain, and re-
port the legal relations subSisting between
| the Company. the State of Kansas, and
registered policy holders in the Compa-
ny. This duty | have carefully perform
ed, and on the 9th day of January, 1873,
completed my investigations, having every
facility afforded me for making a thorough
| examination, such as the books and other
records of the Home Office, and the re-
port of the Commissioners of Insurance
for the State, each and all the various evi-
dences being sufficient and altogether sat
isfactory.
The thorough system and arrangement
of business indicate the utmost skill and
care in the management of the C0mpa-
nys business by the appointed officers,
and Board of Directors, degree of care
and system which enables the officers to
present with rapidity every needed and
sufficient evidence TO satisfy the most crit
cal and captious, of the actual condition
of the Company's affairs, both at home
and abroad; such as its cash and deposits,
its capital stock, its premiums, loans. lnte-
rest ON loans and other profits, as well as
the genuinesS of its securities.
The Company has been in operation for
about five years, and Notwithstanding this
Is the period at which the burden of ex
penseS fall heaviest upon it, yet within
that time It's profits have been largely over
"a. Tho
loaned capital has exceeded its death loss
cs and other expenses, which shows de
gree of thrift that has not been experienced
by any other company, immediately after
its organization. The first several years
following the organization of an Insurance
Company, it would be expected that the
expenses incident to its organization,
which are various and heavy, such as out
lays for Office buildings. agencies, adver
sing, safes, vaults, books, stationery, &c,
&c, including death losses, would exceed
the profits of the Company, but contrary
to this, the Missouri Valley Life COmpa-
nv, has during the first FIVE years of its
existence. in its profits far exceeded It's
losses and OUTLAWS, and has averaged a net
profit each year. BY the term profit | do
not include premiums on policies. a
company of this character looks to the fu-
ture for Its profits, being satisfied to meet
expenses for the present, and lay the foun-
dation fer success and wealth in the future;
bat with this company it is apparent that
they have not only made their foundation
firm and secure for the future, but have
also made'i profitable, and more than self
sustaining from the date of its Charter.
The company has declared, and entered to
its policy holders each year handsome
dividend
The Company was incorporated August,
2qth. 1867, upon the passage Of the act
of March 9th, 1871, by the Legislature of
Kansas, which provided for the rcgistra-
ton of policies, this Company promptly
complied with its provisions, and made
deposits of solvent securities IN the State
Treasury of 100000 for the benefit Of all
policy holders. and Of over $50, 900 add
tional on account of registered policies.
The deposits have been maintained as the
law requires the deposits ON account Of
registered policies being increased from
time to time, so as to keep up the amount
of the net present value of all policies reg
istered in the Insurance department.
Lit TBpoIb VI AilO pupCilhtOuuOuO vi
Insurance for the State makes special allu-
sion to the prosperity and advance of the
Company, and of its promptness in COM
plying with the law, in regard to making
proper and satisfactory deposits, and shows
that it is extending its business over the
various States of the Union.
The Total income of the Company for the
year 1871 was s2ST .499. 2S |
Total expenses including death
losses lG6.340.97 |
Total nett profit Slfl.l55.3l |
Total assets of the Company, approved |
and accepted by the Stale Commissioners
are about $6lS. 49,. 90 |
Assets such as personal secu-
rites &C., regarded as perfect
ly solvent, about 800. 3S6. 90 |
Available Assets 1871 1888. 779. 90 |
Resources for 1872, 3000OO.00 |
Total available assets $l23S,779,O0 |
The amount of death losses unpaid at
this date amounts to the sum of So 600 |