Santa Fe daily New Mexican. [volume] (Santa Fe, N.M.) 1885-1897, 1889-03-06
New York Life Insurance Company.


Thousands of the readers Of the New
MEXICAN no doubt have been anXiously
waiting for the appearance OF the annual
| statement of the New York Life Insurance
company, mich we lay.before our readers
in this weeks paper. 1t is the forty
fourth annual report Previous reports OF
the New York Life have prepared its
policy holders and Others for u statement
| interesting in very many ways, and we
can assure them that they will not be dis
appointed in reading the present one.
The company during the past year re-
ceived from premiums, interest, rents, ETC.,
| no less sum than S2o ,40l ,2o2.o3, while
| it disbursed to policy-holders, for taxes,
and all of the thousand and one expenses
incident to the carrying OIL ofthe business,
the amount Of $40 ,439, 263.Sl. The total
assets Oh the LIST OF January, 1889,
amounted to 93,4SO, 1860. Its surplus
| ny the New York standard was 1900,
10000. These figures, we believe, will
quite take away the breath of the average
reader. The company paid to policy.hoid-
ers during the twelve months, 1878
07O.05. In order to comprehend what
this really means-a distribution of so
enormous sum-let us suppose that it
were announced in the daily papers that
some very wealthy person had decided
and would at once distribute to persons
throughout the country the sum OF ten
millions OF dollars to be divided ON an aver
age, in sums OF twenty-six hundred dollars.
suppose still further, that this SUN was to
he distributed where it would do the most
,ood. Suppose it were to be distributed
to families whose mead and wage-earner
mad just been taken away by death to
families whose children were i'll need OF
not only educational advantages but the
necessaries of life. How much praise
would be given to man who would find
it in his heart to do 30 magnificent and
benefcent an act Well this is just
y hat the New York Life Insurance COM
pany did last year. The average amounts
paid out by them to holders OF policies
would mt be far from $500, and in
thousands Of cases the sums paid to hold
ers of policies enabled them to actually
keep the wolf from the door. We scarce
y any of us expect to be in absolute want !;
Dut the TACT remains that thousands and
thousands of people are really in that con-
dition, and that payment OF life insur-
anre policy comes at just the time when
such financial assistance is absolutely re-
quired to prevent absolute want coming
to others.
The New York Life Insurance company
is a company composed of l29,9ll part
ners in business, and they have capital
invested Insurance at risk OF $4l9, $751;
Jos. All of the profits Of the company 20
to these partners in the shape of dividends,
and every partner is treated with the ut
most fairness and consideration. To meet
the wants of varying tastes, the New York
Life Insurance company issues great
variety Of policies, life, endowment and
tontine, and during its career has intro
duced great many valuable features in
life insurance which commend themselves
10 any one who investigate them.
1t goes without saylnyth that such tre-
mendous corporation rs the New York
Life Insurance company must have and
does have the highest order OF financial
ability for it's successful management.
Mr.. VIM. H. Beers, its president, has been
engaged in the supervision of the affairs
Of the company since 1868. He has
grown gray in its service, and the result
OF his labor and ability rs manager is
seen in the statement which We present
in our columns this week. In addition,
the company has its board Of trustees, the
ablest and most successful financial BUSH
ness men Of this city. Upon the different
financial and other committees OF the
trustees devclye great responsibilities
which are successfully met by them.
We cnnOratnIata fha 0tf3cera fruatnas