The weekly Elko independent. [volume] (Elko, Nev.) 1872-1887, 1875-03-27
New England Mutual Life Insur-
ance Company.
RevIew Cd thelr Annun1 s,n,ement.

. g.. y. HU. .." --.-. d. :
! .Thc ~thlrty.h-st report OF the directors of the
New England Mutual. Life Insurance Company
Ens made to Its members at the annual meet
Ing, January p, 1875, and 1t Is such an one rs
should come from the richest and most pros
porous life Insurance company In New Eng
land, rs u ID 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 II has
also bscn liberal and indulgcnt TO all its policy.
holders, and between the two come the conf.
deucc and the popularity which have been
awarded TO II.
In the present report we learn TINT the total
receipts for premiums and interest in 1874
were S39G7f5S6 6l. The death claims were
SS3li45I - on 239 lives insured under 2G5 pol
lcles- Endowments maturcd and paid, II 200.
The result Of the business OF the year Is an
Increase Of the funds OF SI,474,lS9, after allow.
ing for claims not due S102,oOO.
h market value OF The securities OF the
company Is $2l9,T7l sc more than the cost
upon the c~ompauy's books, but the directors
say this Item Is not used in the computation
for surplus, and Ia valuable only rs showing
that the standard Of the company's invest,
ments has been rlgidly adhered TO. The
amount OF premium return-d In 1874 was
$JO6,SS5 SO, an increase Of SSG,2l4 10 over the
amount returned In the preceding year.
The amount Insured during the year was
$4.6Si,O6l 05. on 1856 policies, against S4,T7a,.
043 on 2,050 policies in 1873. exhibiting much
less falling off In amount and numbers than
lion which has affected every Kind OF business
since the panic OF two yenrs ago. The total
funds OF the company have reached the
amount Of sl3y35S.Si7 -, which, after provid-
Ing for the balance OF unpaid distribution nc
count, sl42,230 IS, and claims not vet due. of
$l02,2O viii be reduced 10 si3.lii,41G 9s. n
sum not only amply sufficient to provide for
the valuation Of the conpany's liabilities upon
policies, hut showing q surplus to be distrib-
uted among the members.
notwithstanding a slight dimfnution In the
receipts for the year (amounting to less than
S25IUOo In an aggregate sum Of moro than
three millions OF dollars, and the fact of an
Increase over 1873 In the amount Of death
claims paid OF s55,GG9 So the general bust.
ness Of INC company may be considered TO be
In a nourlshing condition.
The surplus for the year Is very favorable
being very nearly the same as last year, except
That less galn has been realized through tic
vitality OF members. or smalIness Of claims.
ioT loss during The year, compared 10 what
Total amount 10 be distributed TO members The
present year Is $4,000.
In regard to the "cost OF i%nsuraDcen thc
report draws n parallel between the expense
Of Insurance In mutual and stock companies.
With illustrative tablec, showing that tic prc.
MUM charge Of the New England Mutual IA
In the end more favorable than that OF stock
companies.
The report makes some reference to The
coInpany'S new building on Milk street, which
WIN DC ready Tor occupancy In the coming
Summer, aud concludes with n brief rcfcrcnce
10 Tic company's operations during It's thirty.
one years, during which $1,000 persons have
been Insured to tho amount Of $Ii3yOOO,0OO.
Dcatli claims and cndowncnts Of more than
So,VVoi'OOs0 have becn paid, and the members
have Ind returned 10 them more than $1,000.
In surplus-a record Of the pnst which Is
= certain guarantee II future prosperity.
wallace EYcrson is the general agent for
California and tho Pacific Coast. The Office
FranciGco.-S. +. Mrouicc.