The Leavenworth weekly times. [volume] (Leavenworth, Kan.) 1870-1880, 1877-12-20

In making this examinat ion, we have paid
particular attention to the details of the busi-
ness of the Company, involving the manage
ment as well as its financial condition. We
have subjected every item of assets and liza
bility TO the closest scrutiny. We
have not only carefully examined and iden-
titled the bonds, notes, mortgages and other
securities in detail, and required appraise-
ment of the real estate owned, and the lands
embraced in each mortgage and deed of trust,
but have carefully examined the titles to the
same from abstracts of the records, required
to be furnished from competent sources. The
same particularly was observed in ascertain
ing the value and soundness of the collateral
loans, AID loans on policies, as also the
amounts of premium notes, and all other as
sets, rs well as In determining the measure
of the Company's liabilities, so that we can
confidently present the above statement as a
correct showing of the condition of the COM
pany, based upon an examination as figid
and exhaustive in its character as the inter
est of the policy -holders could reasonably de-
mand.
1t is proper for us to~state that in CHASING
the guarantee fund notes on hand, amount
ing TO s2225, go, among the unadmitted assets,
we have been governed rather by the techni-
cal rules Of our respective departments than
by any want of confidence in their available
ty. Also, that in our opinion large proper
ton of the other excluded assets will be con-
verted into cash, although not admitted for
the above reason.
our attention has been directed to certain
advantages accruins TO policy-holders arising
under the provisions of the California law.
We refer to the requirements Of a reserve
guarantee fund of $1,000. and that imposing
upon the Stockholders liability co-exten-
sive with the obligation of the company.
This legislation, which seems exceptional,
clearly adds much to the ordinary strength of
tional protection to your policy holders.
Whatever mistakes or errors may have
been committed by the former management
Of the company, arising from inexperience,
or other causes, we are gratified to be able to
state that the present officers have, during
the past year, made a record which shows
commendable economy and ability In the
management Of the important interests con
fided to their care producing as result very
greatly improved and progressive condition
of the company.
We, therefore, do not hesitate to predict that
your company, under the present energetic
and wise management, with its location and
other advantages possessed by it, will at
once enter upon a wider field Of usefulness,
and soon take rank with the older and
most successful life insurance companies of
the country.
Upon an examination OF the books Of the
company in its various departments, we find
them carefully and accurately kept.
In conclusion, we desire TO acknowledge
the obligations we are placed under to Hon.
Mr.. Rohrer, Deputy Insurance Commissioner
Of California, for his valuable assistance in
performing the actuarial work involved in
this examination. Also, 10 return our thanks
to the officers of the company for their uni
form courtesy, and the promptness with
which they afforded us every facility for ma
king the Investigation.
wM- 8. RELFE,
Supt. Insurance Department of Missouri.
ORRIN T. WEIGH,
Cupf Insurance TleDarfY mont nf r apsaa