, 1875-12-05
Charter Oak Life xnsurnx ce Company
Of Hartford, Cenn.-Ghango of Off

Charter Oak Life Tnsurnx ce Com pHuY,
of Hartford, ConE.-Ehango of Oifl-
Gers.
Business depression materially reduces the
present maraot valncs Of even good securities
This shrnkage affects all trust institutions, in
cluding life companies. The insurance la1s Of
the several States require that each company
ehaH possess ample available cash assets, with
future premiums, to meet sll policies in force at
matu1ity, though only / or ~ per cent ia real
lied, and temporary shr1nkage Of market values
Of good securities, for the time being, Affects the
apparent-thougb not in fact-dnanciai solidity
Ut tue companies. This is no fault Of the COM
panies, aud unavoidable. The Charter Oak
Lifo, Of Hartford, Conn.,, with other COM
pauies. has suffered under this depressing load
originating in unjust criticism Of it's executive
management Though the Company possesses
over @l3, ,000. 600 assets with an annual lncoma
OF over 81, 0000 000 over $62 600, 000 Of insurance
in fo1ce on 27,0U0 carefully y-selected lives, and
had surplus Of over 81 200. QUO, officlally
ported get the depreciation Of the market values
of some OF its assets WAS exceedingly annoying
to it's officers, and embarrassing to it's BosEd Of
Directors. 70 avoid this embarrassment tho
Company hare secured tue valuable influence
and capital of gentlemen Of means, to pay into
the Company an amount Of assets ample to make
up for all temporary shrnkage Of Some OF its
securities, to the present extent OF $780,
oc1 To secure this partial change
as may be seeu By the statement herewith made.
Judge E. r. Wlsg,n, late Of Boston, nov Of
Hartford, takes the Presidency Henry J. Fur
ber, Esq, Nlce-Prasideut Of tho Universal Life
Insuran 9 Company, Of New York, the rcspon-
White, long officially couuectsd wit5 the Com
paoy, the Vioe-Presidency and Treasurership;
.Mr. a. Il. Dillon, Jr.. a successfui life insurance
volker. the Second Vloe-presdency Nj: Hal
sey Stevens, tie secro1arysh,p aud Mr. William
L. Squire, the Assistant Secretaryship
It is the determipat,on OF the new President
and Mr. Fu1bor the Financial Manager, to push
tho Company to the front rank OF any life iusur-
ancs institution Of this country, and, OF one
thing its policy holders may rest assured il In
peachable integrity, and capltai, wltl guarantee
the SUCCESS Of any company, from this day forth,
tha. OF the Charter Oak is eecurel. The follow
Jug is q statement ju4t received announcing the
particulars OF the change, viz.
OFFICE OF THE CHARTER OAK LIFE INSURANCE
CoMpAsY, HARTFORD, Coma, Nov. 27, l575.-Io
The AGENTS aud Policy Holders Of U.e Company
In the last annual report OF the Hon. John ".
Stedman. Insurance Commissioner Of the State
OF Connecticut, 4 .lortiou OF the Haaets of this
Company were criticised because their then mar-
ket value Was considered short Of the amount
Invested in them. The officers and Directors
then believed as they nov believe. that the do
pseclatioh Was matter only temporarily af1e:t-
ing the Coupany's stability, and in thus view
tbs COMMISSIONER evidently 'concu:red. for in
the following words, gwen in hiB Official ca
pacty he distinctly etuted that the Company was
entirely solvent, notwithstanding the apparent |
reduced market value 10 soma OF i1s asssts:
Estate OF CONNECTICUT, OFFICE OF ISsCnkHcE
COMMISSIONER. Hartford, June II, 1870
James G. IVnM1ey, Esq, President Of ute
Charter Oak LIFE Insurance Compznu-AIs' !
DEAR SIR In my structures upon soma OF the |
transactions of your Company, presented in my |
tn 4xE II x,f