New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1890-02-22
6763.336 81
5G,332,s41 "a
Taxes Observation-Disclosures. GO
Balance. net assets &C. SO
s22I,932 2s3 %

Balance. net assets 0,s32 Sal "a
The amount already paid to policy-holders and theh
benecaries 9s 49, and the amount OF net asset
held for the protection Of their policies. 81 "a
and aggregating &i96 1874 639 TO- exceeds the amount
ceved from Doicy.holders by S36. 492. 2GG 20.
All this has been done expense ratio OF only s.s
per cent
EXAMINATIONS OF THE COMPANY.
Following the defacatlon in indianapolis at the begin
ming OF the year in order that policy holders and the
public might be auhortatyely certified OF the condition Of
the company. IL determined the Insurance De-
partment OF this State 10 the thorough and
searching examination possible Of its condition.
It's affairs Of every nature sparng neither time labor
nor reasonable expense Accordingly the 5th day Of
March 1882 the examination begun by the Hon. o.
r. Fyler Insurance Commission of Connecticut assisted
nv William D. Whiting esq. Of New.York expert Of
National reputation. together with sufficient stan d
LAWYERS and The report Of that examination
has been furnished far possible to all our members
and widely published in the press Of the country
The examination could have been made minute
complete had company been regarded bankrupt and
placed in the OF these gentlemen Is receivers Tho
examination specifically directed to test the substan
tial accuracy pays statement as OF Dec 3D.
1sss and 10 that end the Commissioners visited and per
sonsy appraised the aid OF experts selected by him
self all the real estate owned By the company and every
loan upon which interest was in default Inc results may
. Indicated
that statement corresponding statement framed BY
the Commissioner "a OF the same date
The company in It's statement ,claimcd gross
asset, .. So 400. ei9 20
The Commissioner its assets TO be- $of oo5ol %
The company claimed liabilities 10 bes52 2io 959 oil
The Commissioner found it, liabilities to be- sos IL
The company claimed surplus TO be-. If''O1 %
The Commissioner surplus TO be- s53il= oo %
In closing his report the Commissioner sad
'The examination has been thorough and Exhaustive
has subjected exhaustive scrutiny in every
Of it, affairs To accomplish this large force mas
necessary for four months and the expense mas
been considerable The Commissioner is giatihed that tho
results yndcate the complete soyency Of the institution
and the honesty and ability OF It's management"
proper In this connection that the valua-
lions the Commissioner placed upon assets over and
cost to the company which they stand upon
our books made solely for his determination Of
the question OF the soeny Of the company, and
guide 70 present treatment Of those items.
final conclusion Of the ultimate selling value Of those
a.sets-prncraly real estate. The company therefore.
adhers to it, uniform practice OF carrying these items at
their until sold. practice which results 80 far have
proved 20 be entirely conservatives although by adopting
the Commiss oner's apprssals entire. should add
siderable both assets and surplus.
During the time examination in progress. the
Insurance Commissioner OF Indiana sent deputaton con-
sstlng OF Hon A. c. Harris and Messrs. Shepard and
CARRIER examination 70 the same effect These
gentlemen fulfilled their commission taking the companys
statement Of December 81 and verifying 10 10
particular besides making such other investigations as
they view OF the exhaustive Inquiry
already In progress the hands Of the Connecticut Com
missioner The Indiana commission found the conpanys
/ statement correct, and fled it a. their report.
STANDING OF THE COMPANY
In view schedule Of exhibited, and u the
manner in which treated BY the and
! Of the ample and solid surplus Liabilities. by a
standard Of extraordinary conservatism and Of the
pehensve and searching which these assts and tho
companys business methods and its affairs have had, AZ
the hands armed every legal power and pos
se,cd Of undcnabe qualifications FOR their task both
In point Of ability omplshm,nt, and character, be-
Ieye II &. the simple truth that not only IS is
strength firmly based than that u other cons
pany in the assumptions upon which IL, computations and
provisions .or future and that It's ability 10 protect
IT, contracts is humanity speaking beyond perodventure
but that these important conditions are known respecting
this company absolute completeness and certainty
which with any other similar institution
II mas been FOR year, The teadst aim OF this nan
aqement furnish families depend MT upon the money
earned or produced by the husband and father protection
which shall bee perfect IT, security certain % ~ % tos
FOR originally intended and not put AZ me
mercy speculative side issues a. the lowest pacti'ao
COS, TO BE- attained by careful selection prudent ranar"
ment and close II Is profound satisfaction
70 see II. success directions. e. the present time
so completely yindlcated and sill more q feel that
enters upon the future prosecution II these few, simple
fundamental and purely beneficial aims under conditions
which afford the highest probability Of equally satisfactory
| results. Respectfully submitted.
JACOB l.. GREENE. President.