New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1878-01-29
LEWI~ Q GKUNFH, Prcsdoni
JAMES y. PEARSON, Vice. President.
BLOOMFIELD J. MILLtR Aciuary.
EDWARD \. STRONG, Secretary.
4

To N, D,,c,ors % re- g',ngf B4edi liz is,,s o..
paay The thirty thir annual statement Of the Company
The account OF receipts and expenditures during the rear
characero lhe assets ana securities BY the
crfu oyannauoH OF the books aud assets IN compliance
with the By laws Of the company.
appear by the MathemstciaHs report herewith submitted
ne total The first Of January 1878 s22Is
so ~ anu ne total Gebs and ias, s So n.
liabilities Al heir MAXIMUM vaine ,,...., s.,. ana
Municipal bonds set the assets stated above a.
9 Ia fs e ' ,S e se ny t ee o tina q Ind
made up with view TO ther highest amount They ineada
nury aud policies which valuations IN the aggregate
are the r,crye fund The amount OF that fund s30eSo
tua II mortality and on interest at the q per
es tSan voni6 se aScoag 70 he fses Of @oT,a and
interest by which he sueency OF reserves 10 tested under
The and liabilities stated above neude also the total
tn sc to be PAID dur ns 1874 10 ali policies. entitled
In surplus which were Issued or renewed IN I'll IL tne
taken conformity with tue laws Of New YORK. The bal
Would sG b. ne s d "a by the u mSho. sciasy
9ai to ss taxing s the BE ase t ag Hap
and per interest in accordance with the laws OF
produced The comranys balance OF surplus
TON Or guarantee fund against losses that mar possibly
expected cause II is larger any previous time he
beginning Of 1877 the e2rre'p Ing ane was syosiS ~
oiydcd shown ~ the accompanying staeme They are
mcmts q different states With iulncss and mnntres
detail mere practicable especially in the item OF bonds
The Iois and MORTGAGES comprised in this item q 2iiO.
% stated uey and seriaum in the schedules re-
rrned above Print copies o. }, are returned TO The
a.e ~ P a. Tb location and rT,sDt oi lie
ogaged premises The value Of the land The amount 81 tho
stated gying good facilities ,or testing the o ne
AVE always been carefully made by the Company IN com.
GLANCE with the bylaws. upon the personal examination and
judgment.
within the last few fully Justify the care ana prudence
Hrrccd by ne Directors n maknsthsr morrsgo loans.
Had they yielded 10 Tic pres ,fe so frequently made 10 invest
vcs ne rrort mort was BE- IL isbe
eved the pan's moteased securities would he aF less
Thc Item next n mSsnuie to the bonds secured by morg.
.ges u ha; u premium Loan, on policies Sces ~ oreS W.;
each exceed largely the loans 70 which rhy
pecyey subject As secure and available assets they ae be-
bic fo past Tue % the IN rssreot
q loans Ola policies ~ he apTe,Ie1, Of Dividends and %
Tbc es Tenn ~ IL oySfhGent per cent SeSds
n al par 20 - & 81 e e ga i'm Pd rr S@Tns
paid during 1876 in Ne purchase has been charged on a,
inside in the statement Of YEARLY receipts ,...,,,.
exhibited separately tie statement and mos ~ above
their par value In al instances they are deemo 10 be M
quesouaby good. Tie interest on them Il paid promptly
There has been decrease during the year Of 5 too
Insured Willie over & ~ new policies have been issued
nP s S e i ha i'S View SS Tie dSha Ta pur
chased policies VIXEN solicited Dy mol blow
them yaiuc, giving iuf policies ~ exchange lhc
given stated under the head Of disbursements for the
year. ,,,-., a..
country e duties and laboI5 0f Directors and ocs ba,e
en- in giving proper attention TO the Company'
business
care and vigilance have been required IN every tFauch
written reports have been furnished monthly fcm every
department ,--. =, IL.
ana more frequently gcuces required livery bfnch
.siucss been subjected 10 the Inspection oi al 10
Directors and Committees.
no Finance Committee. composed Of sN 81 tho twelve
uirrto have given special attention 10 Investments and
s,.r Their shows an examination ~ al
he assets arr, held BY the Company au that they
have Inspected the books art required lhe hohy balances
lie and reported 10 the Directors as REQUIRED ~ the rules
Tbe Spcca Committee, composed OF all "a" Dnc!os DC.
side tosc The Finance Committee have duiias we y5aa
the assets and securities Of the COMPANY! AMI siso
liz accounts the books required 10 De brpt % ,hS
urer Thcr report rtCol 20 we Sccu uVo"' '''SF'
viii a, made by the Finance COMMITTEE. .--.. -
assets aiu seCurs 81 the company "'N'a
a, mod uf!ns the year BY the state insurance
Who certified condition Of is assets ahu N'he m "a'
annual sattmt M. -. -. -. ,h,,,, s,p,th vear
In the Company enters on Y. thitN uh foas
with Guarantees OF stability and usefulness 'Pd", h ag
rcedng year; and II purposes IN the intuic - ~
IA The unst 10 furnish AZ It's members Win ihc b,,.l'
vanfags derived from Mellcondn,c Mu ~ liN y"
surance Company. ~ LIsN - I; INV ill., 4''''''
NEW.YOEK AGENCY Ia BroadMay.