The New York herald., 1877-02-13
rm..Ion toaehps which even the prssIaen.

insure ,s me Nronn, rsmnn cnp'S or whether that . the
s.ss Is % 4 oSs !. must .s Be, Ss had ssss
::S. SsSIS sSS.S SI%S;ay n
ns guard psnd%n and Ssy. hs and M - vi
policy hs,isrs but was; tie prosscsion to
in the Si 4. question tho extent which
fraaaed few ag,res psrtnent By stSsemsn, sd
it @ sss Ds
s@sunnE 81 ,sos,ssi %
Thus showing surplus on pol.
| icy holders account or....... 3s5.723 90
a' s s s;: nsss
The total cash ss2i4is 80 thus
IN ,s surplus & 30 Sf receipts over expenditures In single
The statement from which these figures are taken was
many thousand @ Soss
holders Of hS This ha. the same time dss.rysa
could but have been prosperon. and honorable.
The record which is thus made is dscreditabe to our
so TO % % Ct the
sbly located although to their credit It 10 be sad
% ss'' . to aiss s ruin II
Institutions @ % hv ss e s
tina, eiIy and ss, the pride of her
her manuincturins Interests the highest
y n ss 70 nons %
hI ss M Mis- h'' = E".Hsr 70 xo S ss
under r. II.
probation Of the high responsibtics well the pro-
prieties of the position. although his patience
sns wse my nSredss %s:
ntsigenilv assisted by Mr. Joseph l.. Naar. also
all the duties dsyovns upon him q prompt
with fosre, that could not b. OF d.rsns
%
During the II. session your hon
crabls bodies VIII enact such 70 the Insurance
their effect conducive 70 tho welfare and protection
HENRY c. KELSEY,
Secretary of State and Commissioner Of Insurance
FINAL REPORT MR. d. r. FACKLER.
Attached to the above the final report OF Mr.. D. P.
Fackler. the nctuary. from which the following is
takeL:-
what ha. sson done aud since mssns
@asd ss tps A 'ar, srsonI ..Ss Ssy sss;
@ S @ bs be p spSs he ~ rsy sy the s
he might have to defer tho matter. as he expected
r,y to %s S@"s hs %D
S RI % Any Ss and a. he
all the assets that hc really had he would obaby
might obtain Sy %sso.iasion. shs 18Th ho % sent -
Ssa;a 'nS 'sp,Isa s that az
would oo accepted and that as he "a.
them tho 10Th This answer was sent by messenger
s %e Of M % 5 hs n sd
with notice to make good its deficiency required by
VALUATION OF Policies.
Tho valuation had gone on all time, from two three
week four CLERKS The peculiar dneutss Of shs work
briefly 70 the ssss
Experience Mortality Table with four and oneha per
io.sse policies. insurns slese ;esa, requiring
For 3.5 eases of insufficient premium must be
And for s5i7 cases Of peculiar term policies ''''o
should be added. 9l42l
Total................ sl.6o7o OF
mens reducing the premium payabe below the stated
on shs lists S inrnsSsS me
n for % to s %sas 1srs
sho"a a. be added that about 100 policies
For the pretended s'.S.sr the Ma
e se a'fsE !ss
sure OF 1t; but beyond reporting that fact
possible DO any'D sf1ss.'s1s pst: Examiner.
JANUARY 30. 1877.
TWO SUITS THE NEW JERSEY MUTUAL.
Tho New Jersey Mutual Lite insurance Company
through It's agent In this city issued policy OF nsur.
ancc Tor 5000 the life of Roman A. Browinskie
for the benefit OF his mother This policy has now
In suit brought for the recovery OF the of tho
policy by Mr. O. W. Cotterill counsel the claimant
issued attacnment against the New Jersey Mutual
Company and tho Capitol Life Insurance Company, |
for this double attachments is stated to be as follows
The New Jersey Company Is understood 10 have |
mado contract with tho Capitol Company to fensure
It's policies, and under that contract the New Jersey
Company Is supposed to have turned the Cap
itol Company large amount Of its assets The legal
ity OF this transfer being tested n the |
courts Of New Jersey, and yx-Governor Parker
OF that State has been malo receiver in tho |
proceeding and demands thO assets. To that
suit the Capitol Company was not made a |
party. II the contract between tho two compahies
be invalid then the Mutual Company Is liable on this
valid then the policy holder has loyal claim against
both companies, and the attachment holds good |
mat nnfh Thn Euv RntC Cnt In rlas,
pIaced itself in somewhat peculiar position. Not |
beng party to the suit in Jersey, any decree Of the
claim against that company of any Of his
legal rights, and should not. it is claimed,
assets which egitimatcly belong 10 the policy
taken here in New York, and the Jersey com.
pany has $500 coo Of its assets In the hands OF the
Insurance superintendent at Albany. But this money
tan only be touched by the policy holders through
the inerposlton Of act OF tho Legislature which
will probably bc applied tor Tho present defect OF
tho law IN this respect is regarded q benefit tho
p.lcy holders, Tor otherwise It is expected the de-
pcsits would have long since drawn out BY the
companies. Mr. Smythc the present Supcrint cndcnt,
has Pcrssicnty and II is thought very properly, re-
fused to pay this money and insists In holding
fol the benefit of the porcy holders until some law
makes IL his duty to do otherwise.
A VERDICT AGAINST THE COMPANY.
catherine kily, as administrator OF her husband,
James Kily has brought suit in the Superior Court
hcrhusband in tho New Jersey Mutual Life Insurance
Company, and tho tried yesterday before |
judge Curtis. II was claimed by tho plaintiff that
husband was examined in March, 1874, by the COM
pans's surgeon and approved. lie died January
1875, from bleeding OF the lungs The company dc.
tended the suit on Tho ground that Ky was rogis-
tered by tho Etna Company, OF Hartford and by the
Manhattan Company, Of New York; that ne knew he
was IN III health, and that the insured warrants all
statements contained in the policy. The jury gave
verdict for the plaintiff for 1904 II, being the full
amoynt claimed with interest.
THE EQUITABLE LIFE ASSURANCE COMPANY IN
coURr--JUDaE BARRErrs DECISION
Suits against life insurance companies are recently
becoming OF frequent occurrence in the courts Among
the suits now pending in the Supreme Court is one
by George X. Iee who states hts complaint that In
January 1868, he got bis lite insured for $40 900
for tho benefit OF his wife, Sallie Bryan Lect,
in tho New York Equitable Iifo Assurance |