The New York herald., 1877-02-01
LEWIS c. GROVER. Preside.

'"Su''"S JAMES b. PEARSON Wee President. ~
EDWARD A. STRONG Secretary.
BENJAMIN &. MILLER Treasurer.
To rnE DiRkcross or THE MUTUAL BENEFIT LIFE lSsuR
On the January 1877, the debts and abi-
ties Of the company shown ey It's thirty % az a
sas sas s. submitted herewith ''' '" ''
paid death losses and endowmens In Of adjustment
o. whose time Of payment had not tnsn na,ureI Of dy
the latter part OF the year OF estimated commssions AMI
paid aud Of dividends to become payable
iic,psng policies through the eonrse Of 1877 Though not
produced by policies in 1876 and AS consequent LIABILITY.
be charged such against the company though
ey surplus as to the policies themscves their
The remaining and principal portion of tho debts and liza
e r Ts ans % o as
aud three thousand three hundred and policies
The vaus Of these policies and bonds computed
upon the assumptions that interest investments viii 10
four cent yearly and death losses according to the Ac-
These highest standards Of valuation
sashass where they were esnay adopted are in some
81 s-ss In Ss% Ys .s ny the F"s
sumcd At four and & hslf p, cent arly and death
present value Of policies and bonds would DO less
s ss ,%"s Of the
below that o tho highest recognized rule would bc
in s viii SGsy 10 1s IN by
Tns sf,s 70 e II. cspM s%a ,ns @ the
1877. were. AS shown by Its statement. the sum Of
par market values Of the classes Of securities
wit First nAtonal and second, state county and
that of mortgages. and the fourth that Of premiu N
loans policies In force, the bulk OF the
Companys assets The relative amounts Of these classes
$s6i7 1913 GS the third $l2G5.9tS - and tho fourth.
$56+709 M As compared with the class last
there has been increase in the first decrease in
the remaining three The amount paid during the
OF values premiums In purchase o the first
class United States securities shown In the statement
deduction from interest received during the In
items exhibited by the staement have been thoroughly
examine The valuations OF mortgaged premises have
been revised and securities Of all classes carefully conned
aud valued by committees going over them III detail whose
conclusions and reports have been submitted To and tested
A. far practicable by tho directors rs a Board.
IL Is not doubted that the items OF which tue assets are
composed all OF them equal at the least To the hgures
by WHICH they are expressed:
The difference between the liabilities and debts on the
side the the other computed aud valued
by the foregoing principles and tests, Is the OF
S60O0 09 - and Is held by the company rs unappopraed
surplus Ii will together with that hereafter
probable hi rate of interest and favor
abIe mortality than those on which our reserves are com
puted be distributed vdends to policies entitled
ccye H. thus that loss disadvantage results
rates OF premium by of which the utmost gusran-
secured The surplus OF interest
premiums the member found DO
unneeded The objects important to him
eectuay attained-F the certain and prompt pay.
policy when due and. second Insurance at the
! lowest practicable cost
seen stagnaon Of industry and trade
Increase In the number OF policies aud
the amouut Of assets
The surrender policies purchase has unusuay
large and In the majority OF induced by the
pecuniay which checked the
Increasing eubership that exists. Notwithstanding the
nished by the companys experience Of the henenrcni
Of It's work. aud Its intelligent
the public abundant satisfaction the past
LEWIS &. GROVER. Prcsieut