New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1889-01-24

Reserve Fund Life Association
Gentlemen; In addition 20 me taii, cone'se, eiy
Interesting and highly satisfactory reports OF our
president and chairman OF the Executive Commuee
and my detailed report treasurer, permit me N ths
my report as controller 10 call especial attenon 20
some ~ tbe most nromlnent features In the statement
for the past year, as compared WIZ similar ieis III
the annual statement for the year 1881
ASSETS. ~
The net cash and Invested assets on Dec b. Q,
The Ss css6 and invested assets on Dec 81 :,
1887 were-- if,- -
1D,r...s ovs, 1877 s4si,55s 80
The d total or gross asses Oh De0 o.. s27422st so
The %d sSs' or grOs. asset. On Dec o. 1850 aaoo7s 81
1Do,.... ., gross assets for s5s0 aia 10
RESERVE OR EMERGENCY FUND.
On On Dec 81. 1887 IsOSooi q
Increase OF FUND during 1sss......... s49L $50 ~
To the amount Of reserve or emergency noo 70 10
December 81 1883, should be added over Seo9 g. 20
Be- apportioned from the present blmonthly auditing,
which makes at this date the reserve OF eAefson''
fund over s1,ss1,e7s 10.
IN. cash income in 1883 az sources s5o 5s1 eS
The cash income In 1887 from all sources was 2So22 ~
INCREASE in cash income over 1eS7..... s235S24 10
DISBURSEMENTS.
r: cash s SE 1852
increase s T. 1888 rom sa ss 50
death claims paid in 1853 over 1887 az follows ss 20
BsssS Claims Claims Bsdd n n 'sss IS
Excess Of death claims paid in 1883 "a. s.o 90
The net surplus on the 3iss Of december 1888
after dednctng every real technleal or imaginary
liability (includinK liability Of s423773i net preselt
al a gSssSb e% SR ScsIosr sixty
upon actuarfes' table Of mortality With interest az
per cent mot sGsd d S S% yi gqSs as %
partments, but voluntarily assumed liability by this
Sssocl ca, = IL ss d q December 1887
ooo i64 IL
Increase in net surplus In 1sss....... ego 2si 80
INVESTMENTS.
The mortgage Investments on December 81,
The emo %ortssse Investments on December 81.
1887 were so4,evo w
An increase during 1888 s5si, 800 90
Under the careful supervision Of your able chairman
Of tho Finance Committee. Dr. s. A. Robinson, the
choicest loans have been secured not exceeding 90
securing the association against loss from depreciation
under the unfavorabe circumstances, and unques
Tc s rsss oSr 1887 IN Interest
accrdlng to the association, as shown IN DR. Roblnsons
management and it safe to predict that the Increase
Curing this year over 1883 VIII be as large as was
that during 1858 the previous year. which VII
thereby make the interest income for the year 1889
over $4,000
NEW BUSINESS.
Dos9s ne R Ras Esss sPDisen'
OF which 12124 policies issued covering
ana sri SSY "eie nea -. 1o4s 255
81. isss, .f6s $50
An NEWS Sn IN 1s Sss ~ snoui' ~ IL Sls $50
And AGAIN nee increase in 1857 of..-.. bsoesVo
cor than SO per cent?
MORTALITY.
The the association during 1883 was ....o, 40
The sst loss e Ss during 1857 was
410 members amounting to-. .t-4s4o'VoVV W
Io,S s ssasn ~ 0 isss eS ras - 1902
Tois i ssssa S.i s '1ss sioOo Of e sss
Excess IN 1888 over 1881. ...........:...: .t.o
The light mortality Of the association Is due 10 the
great care exercised by our medical department IN
the selection Of risks, and the management and mem
hers alike should feel gratited over these results
During the last year tho actual cash expenses OF
management were s4I0, oe1 40 assuming howevsr,
That the association had received me maximum I'm
amounts that could have been collected from all the
new members In admission and medical examination
fees as per business written and accepted during tne
agents and medical examiners Cwho have actually re-
teined these fees their compensation. tho assoch
ton would have paid to agents admission ices amount
ing to $4,000, and TO . medsn eN X
sss go, thereby mshang, the total expenses
~ 600 ~ risk bt IS sS 1hs following comparison
with the three largest level premium life companies
average Of this association The official data OF these
Seanentiy tSRe the results for 1857 IS shown n the
New York Insurance reports While for TINS sssoci@ =,
mortality and expenses being slightly in excess OF
1857 win thus give the level premium companies
enumerated in the following table an advantage over
this association In tho comparison for they sadly stand
IN need OF A. and the utmost generosity on orr part
can be freely accorded them Without the slightest
detrIment TO this association.