The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1878-01-29
LEWIS G. GROVER, President
JAMES b. PEARSON, Vice Press

EDWARD A. STRoNti. Hecre,ary. "s'u"''
BENjAMl G. MILLER, treasurer.
10 THE DIHncrons OF THE MUTUAL BENEFIT LIFE
The th,rty third annual statement of the company
1871 appears the companys books aud the
and character Of the assets and securities
ted. showing careful examination OF books
The and character Of the saaitiss of the com
pany appear oy the Mathematicans report herewith
The total assets gu the LIST of January. 1873. were
S3s Isl ,s3s a. and tho total debts and liabilities
hsse figures show the their minimum and the
nns %assst value OF the Government State aud
81 Is The debts and .ess " On the ,u other
rHss Ts y ssnps
consisting OF Annuity Bonds and PoIcos watch
that s as
rate Of tour per cent yearly com
s according 20 iSs s rates. sum Of sa wopS
which the sueency preserves Tested under the laws
The debts ard liabilities stated above include also tho
II s que pSs
ited 9 share in surplus Which issued renewed in
aas the fund taken In conformity with the laws
ss sss s sg2. 81
ny the methods actually employed that i. say taxing
fund at tho actuaries' mortality and a. four
H. Witch the
serve Inc ny saiAnce or
tiona protection guarantee fund against may
pSs asS S s% ss o. amy
previous lime a. tue beginning Of 1877 the corresponding
The various into whcL the company's
% the S to s rney
Departments OF different states with ulness and inmate
Of bonds secured by mort cages real estate.
a%s as .e committed IN ths Of
uie returned above PRINTED copies OF
reference companys olcs The location and
Of on ohs as
are therein stated giving good asitcs Tor testing the
aud mortgage have always been carefully made by tue
anne @ Of % ns
their well considered Judgment
place within the last lew years fully justify the and
exercised by H. directors in making Their mort,
made 70 invest In remote sections where personal
praescaoe IS believed the COMPANY secar
ties would be lar less valuable than they now are
1s,i Of premium Loans on policies IN orse
values in each exceed largely the winch they
are subject, As s.esrs and avs.Os
observable years due dscon
lowed reduction iosus on old policies by the ap.
peaon Of dividends and 70 the termination Of policies by
The no large. item . ., rent six per cent
during 1877 in the purchase Of bonds Of this class
a ar aws p n. s Of s 9s
s4, 1O3 rs. carried inside in tae statement OF ycary
Tho various kinds of State. county and municipal bonds
exhibited separately in tho statement mostly
above III value IN all instances they deemed
be nnquestonably good The interest ON them Is paid
promptly when duo
has been decrease during the year OF 51l In the
o ontt andng policies and also IN the
insured. While 800 policies have
the number OF those that nave has effected de-
The company has In view financial pressure. pur.
chased its policies when solicited tho holders allowing
for them c,h values giving paid policies in exchange
The gwen IL stated under the mead Of disbursements
Tor the
In consequence depressed condition OF business in
the country the duties abors directions and officers
been Increased IN giving proper attention to tho
pany's business.
vigilance have been required in every ranch
Written reports have been furnished monthly from
department
he directors have regularly. required by the
frequently required Every
branch III te business been Le
OF ali the directlrS ana committees
The Finance umittcc. composed of six OF the twelve
directors have given special attention to the
and securities iheir shows examination
OF All the assets securtics held tho and
balances made reported 70 the directors required by
the rules
The special Committee, composed Of all the director
besides those Finance Com nittge. during the
year tined OF the company.
aud alO the Ia the booss be
the
corresponds with that made by the Finance Committee
The business and securities Of the company
examined during the by tue state Insurance Com
missioner who certh ID t. tue indon Of its ant,
verified It's last annual statement
In cunclu tue us thirty fourth
with oi stability fncss
ding year AID purposes In the uture u
has In tue past TO furnish all its m.mbers Win the
cncnc derived from well cd
LEWis 4. GROVER, President