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

NO further comment on the economical management
OF this association thar the above comparison Is
AT the close Of only the eighth year Of the existence
OF THIS association we find the net amount q
si0s 902 $50. BY comparison with the three most
led. viz This Mutual Equitable and New-York nso,
we should be eminenty proud OF the result iof ~ ne
sis& al Is, the Mutual Life in ITS twenty sixth year
had but sle41o 400 and was IN tne tor oss sSow
but s151 $780, 94 OF insurance at risk The unpsr
alleed success attained BY this ASSOCIATION N so s1ort
time attssts the po OPP Ssns5 O us attacks made upon
this ASSOCIATION through the subsidized press OF our
enyous rivals II shows the confidence reposed In us
by te nEomhent feature evincing the popularity
Of system Is manifest mani 81 This sne s,sssron beg To-
call attention 10 the fact that the amount OF morsay
call NO 40 the last one on when We can sbsrs wss
S37J Ots az. The amount paid on this call was SSo2
GS o. SSTss sS S Sc deducted for mn
fons by death during tho thirty days grace gwen IN
which to pay the call estimated upon inc an act,,a
ispse OF Sd, 64s 40, or about ~ per cent OF The
amount called and es IL per cent pa Wa Se rao
BY personal examination OF every avenue OF income
and disbursement Of the assocIauon 4 can assure
nIiv and sealorsy guarded the Interests OF the nom
s9 ssnS IF ne ana that the checks
and safeguards inaurated By him are SUPERIOR ~, "a
every particular to those Sd9Ree eo Dy pts soo
Sns accounts Of the association 70 the IN
6 ps6 iOS OF 10 examine and crcsc the management
In conclusion 4 the surprising results attained
during the first eight years OF Se sssDs Sa sns a
tSs irdefatlgabIe energy and strict integrity OF our
esteemed president who among S US Ds can esg 70 f
Iet ia then all Join in tho fervent hope that his lie
health may be Tov Us tpa n1 so yea ea sna
Justly cOnndcd 10 him
Respectfully submitted, -, ,r,,,,,,,,.,
Controller and Treasurer
medical Director James W. Bowden's report was
rrceted with appreciation By the members present.
"a sho,ued that OF the people that were insured in
,se~ numberIne II .ose, but IS died; Of those In
s,rod IN 1886 numbering 15o06 10 died; of those
,sa,rad IN 1855. numbering 1900 70 died; OF those
,as,rod Il, 1884 numbering 9,548 60 died. Of those
insured in 1885, numbering 0,72S. 10 died; OF those
insured In 1885, numbering 5,e4o, AZ died; OF those
insured IN 1851 when the association was originated
IL died out OF lse3'
nranv Of the deaths were attributed to pneumonia
and acnte pulmonary diseases, which are attributable
TO this climate.
nnripr the year 1883. 1898 applications for in.
,.rea wore received representing total Insurance
10 Decenlber 81 1888. OF S37.90e.soo In addition
10 these TIT proposals we're rejected tho total In
surance applied for being about S4i'ooo'ooo.
Naval W. Bloss then read the report Of the In
,.s,,oa,t Con,mItteo IN the place OF the chairman,
Or samuel A. Robinson who was ILL., The report
Cash deposits with tho Central Trust Company q
so1 NO nudar the control OF the, Insurance Depart
and sS9 e % WIN IN the I FRssa nee
tiopbs psnk OF oston, and st. louis
! es.ioo per cent bond Of $1,000 : on deposit
and mortgage oaIs on desirable ro estate IN the city
OF New-York amounting % Si,dooopo Of which
1900 600 "a deposited With the Insurance Department
~ he tate al New York. and 81 900 900 Is held ny
the Central trust Company Of New-york under the