Lyon County times. [volume] (Silver City, Nev.) 1874-1907, 1875-03-21
New England Mutual Life Insur'
ance Company.


The thirty-first report of the directors Of the
New England Mutual Life Insurance Company
was made to its members at the annual meet
ing, January 25, 1875, and it is such an one as
| should come from the richest and most pros
porous life insurance company in New Eng
| land, as it is also the senior company of Mas
sachusetts.
As the New England Mutual was established
upon strict principles of conservatism with
respect to all its financial operations, so it has
also been liberal and indulgent to all its policy.
holders, and between the two come the conf.
| dence and the popularity which have been
awarded to it.
In the present report we learn that the total
receipts for premiums and interest in 1874
were 1926, $50 81. The death claims were
1881 ,457 s. on 239 lives insured under 265 pol
| icies. Endowments matured and paid, u, 300
The result of the business of the year is an
increase of the funds of 81 474 1S9, after allow
ing for claims not due $102,2O0.
The market value of the securities of the
company is $219,7T Sc more than the cost
upon the company's books, but the directors
say this item is not used in the computation
for surplus, and is valuable only as showing
that the standard of the company's invest.
ments has been rigidly adhered to. The
amount of premium returned in 1874 was
$500, S35 80, an increase of sS6,2l4 10 over the
amount returned in the preceding year.
The amount insured during the year was
S4634,06l 05 on 1856 policies, against "a, u.s.
042 on 2,056 policies in 1878, exhibiting much
less falling off in amount and numbers than
was to be expected from the general prostra-
ton which has affected every kind of business
since the panic of two years ago. The total
funds of the company have reached the
amount Of s13,35s,s47 13, which, after provid-
ing for the balance of unpaid distribution ac
count, $142, $50 Is, and claims not yet due, of
S102200, will be reduced to S13 l14416 9S, a
Sum not only amplV sufficient N Droyi1e
the valuation of the company's liabilities upon
policies, but showing a surplus to be dstrib-
uted among the members.
Notwithstanding a slight dimnution in the
receipts for the year amounting to less than
$4,000 in an aggregate sum Of more than
three millions of dollars, and the fact of an
increase over 1878 in the amount of death
claims paid of S55,069 So, the general bust
ness of the company may be considered to be
in fourishing condition.
The surplus for the year is very favorable,
being very nearly the same as last year, except
that less gain has been realized through the
vitality of members or smallness of claims,
for loss during the year, compared to what
was expected by the table of mortality. The
total amount to be distributed to members the
present year is s575,OO0.
In regard to the "cost of Insurance." the
report draws parallel between the expense
of insurance in mutual and stock companies,
Win illustrative taples, showing tnal inc pre-
MUM charge of the New England Mutual is
in the end more favorable than that of stock
companies.
The report makes some reference to the
companys new building on Milk street. which
will be ready for occupancy in the coming
Summer, and concludes with a brief reference
to the company's operations during its thirty
one years, during which $4,000 persons have
been insured to the amount of S143, 100000
Death claims and endowments of more than
100000 have been paid, and the members
have had returned to them more than sc, 000-
900 in surplus-a record of the past which is
certain guarantee of future prosperity.
Wallace Everson is the general agent for
California and the Pacific Coast. The office
of the company is at 302 Sansome street, San
Francisco--S. f. Chronicle.