New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1877-02-01
.gAMEs Is. PEARSON. Vice-Pr
EDWARD 4. STRONG. Scc'y.
BENJANkNG 4. MILLER, Treas.

To THE DIRECTORS OF THE MUTUAL BENEFIT LIFE INSURANCE
CoMPANY the LIST of January 1871 the total debts AMI
liabilities of the Company shown W is Thry.
second Annual Statement, submitted herewith the sun Of
Cined in tits aggregate amount the items Of unpaid
Who's tme Of payment had not then matUred dividends
ue and unpaid, being mainly those Of 1876 due IN the atef
unTeriea bushes OF is7G OF prfs Pa aS1 s
bends have been declared surplus produced by policies
adinst the company though properly considered ,uu.
to policies themselves their amount f31? loS ~
bities the Compauys reSeIveor the present Ndc H ~
on standing risks These risks nineteen annuity Jones
and fortyree thousand three hundred and seven poce' III
Ih Hrrsent value Of these policies and bonds eompat
uuon thc assumptions that interest Investment. vii DO
four per yearly and death losses according to the Ae
e assumptions are the highest standards OF Valuation.
ANA though sii required by the insurance oclls Of Na.
chusett where they were originally adopted are IN ss
lion in whare interest assumed at four and ha
per cent yearly and death losses ACCORDING 10 ne toe
bonds would than that charged IN our debts aud ao
above by the sun OF - 0o-yS; G tu roU,i
ruie void 6e Incompatible with the policy 81 IT, uatgeMeas
directed in the past as It VIII continue 10 &c III c Iu'F"
The total assets of the Company on the Isl o January! y
were as shown by ts statement he sum oil $500, s
not Inclusive Of the difference between The , r4I i SSIcu
values Of The two classes oil securities 10 wi, TO- tso
cllssss together with the thd-hat oi n,tsagta a hss
Of the CompaiSs assets The relative amounts Oh III
classes sloul be noted MI Of - nc foSrG
e. : VFT
t56i7 1898 As conn jared with the same class dst g.s
there has been au in the first ana decrease ~ G
remaining three amount paid during to wear iof $3.50
o mar values premiums IN purchase or the NiHte e
~ hes securities shown The statement a -
from interest received during the year. IN view OF u
,ral depression of bus ana prices, al tAe ''
by The have been thoroughly examined ,5rss
tious of mortgaged premises nave been rev s auI
M All classes carefully counted and Naucd 10y OV.nbsve
oiu, over them in detail whose conclusions aN ~ M
been submitted and tested as far as prlcucAVe " "a"
rcctOrs a BOaIu -. ,.sa,s ara e0u,
IL is not doubted that the items Of which the seI' bh
posed are all equal the least TO TIC hsuie v
they expressed. . ..,,..-- 80. ,.,,s an the ore
The difference bet ween the liabilities and deDs on
side and the other, computed ana Nau ri
gong uruculrs and tests L. the I'M 81 Su"'f' 10
hold by the Company uuappropratti surplus bgher
nor " IN that hereafter from the
rate 81 and more favorable moriag ao sxsuas
10 policies entitled 10 receive IT, IL j. mus a in
advantage results the policy holders ifoil ~ b IN ~
terest aud ample rates OF premium, bl mans " interest
most guarantees Of safety secured Inc su found
and OF premiums returned 70 tie member Is son a. rim as
be unnceed. The two objects most upo t'' sopnf pAy
thu crcIualy attained: First, the cerSiu $40 AZ lie
meat of the policy when due, and second, lAsIiNN0' "
low est practicable cost -. gar a, viii %
Looklg ri the Companys business FOR the year nt
general stagaton OF industry a nd no
prevented an increase OF the number OF poAIoS NA
amount OF assets. -. Ia, unusually
The surrender OF policies for purchase has been V@
large and in great BaJ0Ity ot cases huty"a Tie
mary ssure which has checked the new lss tess
Creasug mnmbt rship that exists ROT t niulsi
causes and the Increasing proofs cOtiay 49,, r 10
by the Companys experience Of the bcuenc'LA
work and its intelligent appreciation DY ulo Pssnf
abundant satisfaction 10 the past ahh % pSs,D.
poets for the future. LEW L "hV'HN.