New-York tribune., 1878-02-16
THE HoMG0PArHIc LIfES CONDITION.
THE OFFICERS DECLARE THE RXAMiNEEs NALUA-
Tons - BE ISCOEgECr-THE HISTORY OF TUE
COMPANY.

THE OFrICERs DECLARE THE RXAMISEEs VALUA-
TONS - BE INCOEEECT-THE HISTORY OF tue
COMPANY.
An abstract Of Superintendent Smyth's report
OF the examination of the flom~opathrtic Mutual LIE
Insurln,e Company, which appeared IN Yesterdays
TriBrs 10 showed that the capital Was impaired bat
TINT there was surplus OF SJ15j2 rs regards policy
holders At the Office OF the company, No. 80 Broad
way yesterday the president, ID. d. I. Marshall said
that the publication OF the report premature and
hc thOust unwarrantcd. The officers agreed to nearly
MI the statements, but they dissentcd from Gle va
lions aud objected to certain facts without tue
statements which should qualify ani explain them.
~ given the report iid them injustice
- would not be understood" added Nr. Marshal "as
saving ANYTHING IN dlsraragcncnt OF Examiner J. \.
McCaII lie | regard as thorough honest and unusu-
ally competent for his work The only flGlt have 70
find is that he every at what II would bring.
II put up al auction lie makes his valuations on the
assumption that business Is to be closed ~ once and
everything sold og what IL would realize. There are very
faw bapks insurance companies. 0r mercantile houses
that would be declared solvent put such test. A
II is especially unfair to life Insurance TO estimate
assets at auction values. People will not die TO
make life Insurance companies We have suffer
ed from, shInkagc in values have capital enough
continue business ami 10 Vay ai losses as promptly as
We have Done In the past great polht T. mtd" III tne
charter provided that certain amount OF capital could
be invested In bonds. selected those OF towns in
These bonds regard as worth their lace value. Ine
Legislature has Just passed bill by which the
state assumes the Indebtedness Of several OF
these These bonds are assets when III
a short time may he sold for their full value Oar
loans on real estate have been unusually good
In years. our losses on real estate nave boeh ohy
10000 while in years the losses on Government
bonds have equallcd that amount Bonds hOnSht sew
eral wear, ago at 22 selling from 10 TO 10
Ir ia great oss which cannot be pro ,idci FOR
are compelled to keep certain amount III nOlds' We
have not single mortgage on real estate that IS not
good" - . ,,,,
continued Mr. Mar-nall. Thou dizziness set IN. ihrrr
were issued mp January 1878. so policies; 5000
policies are now in force. representing S3OoOuV me
total income from premiums and interest FOR last year
was &2J2OO All loses have been paii promptly as
heretofore II is rare that we delay longer taa te OF
fifteen days aitrr the notice oi death Ibo p4old o u
paid CLAIMS, mentioned in the report, nave all pceh
paid Lest week We paid out 5000 Tor claims; Ihc
iiomTnuathc Life organized july lS, 1865. william
Cullen Bryant beaded the list Of Stockholders tenas ne
docs to-day. | have been with the company from tue
start. Ne have enjoyed the confidence Oi the puolc,
ana am sure that nothing been done To shake that
confidence. We have perfect faith In the directors ana
stockholders Though Young and small, this has been
vigorous company and IL Is tho intention 10 make good
impairment and 90 on with the h'InenShs usual by
examining the rates charged by ana by nOnhomUo-
pathIc companies will be seen that We receive 10 per
cent less premiums tnan they, while We are orced 10
corry inst ms much reserve Our directors ID. d. T.
W,rsyGJ,U Iii E NJ Kcloge NJ d. Stewart l.. Woodford
Edward H. Enmcs, Robert sewe Wills Phelps, Richard
Kelly, Wm C. Dlnton ChGrles /" s,nney p Augustus T.
Uint SAMUEL W. iI0sior De Witt q. west Charles +.
Goodhue. Frank u: Mayhey Ebenczer L. Roberts"
Vice-Prcsident T.. NJ Kellogg who IL also the medical
dire ctor sad "Sonc people assert that 1t ~ still
ycxcd question whether the of homeopathic medi
would lead me to say the problem solved. portion
OF our pplsy-holders are not hom@opaths. Here
"a the result Of mOrtuary experience from
July IL, 1863, 10 December 81, 1877 Policies issued
TO homTopaihs 1927, deaths 81 policies to homeO-
paths lbs, deaths o. VI ho nleen iio insurance @ %
times OF 1865 this Is the only one that survives The
others have all been bee wrecked This looks so@ewha, ss
the virtues Of homeopathy"