The sun. [volume] (New York [N.Y.]) 1833-1916, 1877-11-19
UH.ir THE REcEIvrRs ARE DOING.
The Condition Of the Thirteen Broken Life
Insurance Companies Of this City.

There are thirteen life insurance compa-
MES in the hands OF receivers in this city. Some
were insolvcnt M far back M 1873 hut no settle
ment has yet been effected or dividends made.
The Asbury (which was declared insolvent
in October 1874 has assets amounting to tl4+.-
269. The Liabilities aggregate s229.OOO. or the
assets only sl23467 are available. referee Is
deciding on the claims and it is probable that
the death claims will hc paid in full. Provid-
ing there is no opposition. the receiver expects
10 settle in December.
The American Populars affairs are in very
unsatisfactory condition and there Ia no proba-
bility Of n report for long time. The assets
have been reduced to s27l .662. and this en-
braces $4,000 claims for dividends. The de-
partmont placed the liabilities nt 1912 SOL The
nuul dividend Will not be- over thirty per cent.
The receiver Of the Continental is engaged in
the valuation Of policies. The legal expenses
connected with the rereivcrshp have been
very heavy. The exact value OF the assets can
not yet he decided 10y the receiver, but he be-
icvcs there will be 81 5OuOOO for the creditors
Tn" liabilities amount To t5.30O.uuO. When the
legal ana other expenses are paid, there will
not be sufficient MONEY left Tor dividend above
thirty-iiye per cent. There is no prospect OF a
settlement Tor at least "a year.
The receiver OF the Commonwealth has pre-
pared the papers to procure the 100000 de-
posted in Albany and. this obtained, he will
have sl32.oOQ Of assets with which to pay
s6a.di2 Of liabilities. leayIng n surplus which
Will revert 10 tnt New Jersey MUTUAL. Every
dollar OF the iabil ties Will be met and at an
early day. unless there be trouble in obtaining
tn deposit IN Albany.
satisia' tory condition. The ass'ts-a large
amount ~ which are IN premium notcs-ng-re-
gatc tl5i s73 while the liabilities reach sl.4li.-
5.j. As mat, rs now ~tlnd, ..4e dividend Will
be- thirty five per cent: hut II I,eceivor Person
should succeed IA his si.OoO,OnO suii. all dues
could be paid. There II no probability OF u
report being made tor a year. or perhaps two
THE business Of the Great Western Mutual
has been nearly wound w. there remaining but
IN attempt to rcoreanizo the North America
mas been made 10y policy holders. who would
compel the company 10 proceed with IT. hu-i-
mss, IA" reserve Tor registered policies is in
tact. The aruary of the company has reported
a. the court that would Boz impossible Tor the
company 10 continue successful ~. and the re-
ceN Is trying t. grt the 81 100 600 d"pos ted
with the state Department. The reg stsred
poncy holders will probably IN the end obtain a
Registered thirty pr cent. when The ,"1 end vii
b" rcichrd ana dividend declared nobody has
a definite idea
Mr.. Wickham Of the Security il preparing his
report. and Will within a few weeks apply for n
rvirrr" To examine and pu~- on his account.
be l"it 10 fight among themselves rs to the
method II liz distribution. The Liabilities are
silul $50, and the assets 81 s7720s Of the lat
Ter II 4sN,2J3 IS in premium not :, There Is
$4,000 IN cush. The dividend will be thirty
iiye per cent
Policy holders in the World Mutual viii re;
celNe go per cent.-the assets being fll7 5l3
and the liabilities sl62 .43i. A settlement will
b. reached with few months.
~" W idows and Orphans Benefit policy
holders have claims only against III" Guardian
Mutual. with which company II WIS nmalga-
mated. There yet remains n Albany 900 600
drpg-lt"d fer the benefit Of the creditors OF tho
The receiver 81 the Eclectic is cndeavoring to
obtain the $4,000 deposited in Albany. Several
suits haNr been had To procure this. but on
t.'hnicalitios have proved aborive. which ID
tue only cause of delay.