Bismarck weekly tribune. [volume] (Bismarck, Dakota [N.D.]) 1884-1943, 1890-06-20

ANNUAL STATEMENT
For the year ending December 81, A. D., 1889. of
the condition and affairs of the
Mutual Life Insurance Co.
OF NEW YORK,
Organized under the laws of the state of New
York, made to the Commissions of Insur-
of the laws of said state.
President, Richard A. McCurdy; vice-president, |
Robert A. Granniss; secretary, William J. Easton;
principal ottioe, 81 Nassau st., New York.
co 0Tsanissda h6 or infSospporated April, 1872;
Capital.
Amount of capital stock actually paid in cash,
a mutual company
Property or Assets of the Company.
The value of its real estate ie. -. :. .s12,s 1892, 1928 Al
The cash on hand in it's office is...... 16'7sI o.
The cash on deposit in bank is....... 2,97l,85l ~
The cash in hands OF agents and in
course OF transmission is ...... IL. 1857 Oh
Loans on bonds and mortgage, being
the hrst lien on real estate worth
double the amour. of the sum
Stocks and bonds owned by the com. '''''N'' %
pany, as per schedu Q attached to
original statement--tOtal carried out
at market value sc. 923. 469 81
Stocks held as collateral security for
loans, as per schedule attached to
original statement-total amount
All other sums due the company. S,s6s,245 IS
Liabilities.
Amount required to reinsure out
standing risks-American exper-
fence table reserve@4 per cent $126, $3.50, 1893 OK
Amount OF losses yet unpaid in pro-
cess or adjustment. or adjusted and
Amount of claims for losses resisted '''''0 70
Whole amount Of unearned premiums
on outstanding risks .............. 41,854 So
Amount Of all other existing claims
under "non-forfeiture clause in
policies 1883 90
Total liabilities. S126, IA, O79 So
Income Dur ng the Year 1889.
Whole amount of cash premiums re-
Whole amount of cash premiums re-
ceived on policies written in the
state of North Dakota. =. $36, 500 IS
Whole amount of interest money re-
Whole amount CT income received Z
from all other sources. $3.50 GA 81
|, Total income. .$34, 496, OSs 20
Expenses During the Year 1889.
Whole amount of losses, metured en-:
dowments, surrendered policies and
additions paid during the year
AMOUNT Of losses paid upon risks
taken in the state of North
Amount Of dividends paid during the
year 1889. 2,2ss,o 76 81
paid to agents during the year
1885. 4.22o.6o 81
1889 Observation-Disclosures. ss1, 1872 10
Am sns SsaF Of isSf fees paid dakota 5tsl du So
ing the year 1889 mot including
Whole amount paid for salaries of
officers and agents and expenses of
law department during the year
Whole amount Of all other expen.
ditures during the year 1885. ....... 1,O94. O18 q
Total expenditures. ........ s21, 1925, SOP 81
Risks.
Gross 1Ss v smop 9ssa of risks tax take z, d sSa ag
Gross amount Of risks taken in the
state Of North Dakota during the
Whole amount of risks outstanding.S $685. ,839, 1877 90
Whole amount of losses incurred dur
ing the year 1889, including those
state Of North Dakota, 5..$7,73s 90
eight.
'iA1A CO County SE OF New tUf York. IS.
Isaac F. Lloyd, End vice-president. and W.
J: Easton, secretary Of the Mutual Life
duly sworn, depose and say, that the foregoing Is q
full, true and correct statement of the affairs of
said company; that said insurance company is
the bona hide owner of at least one hundred
Thousand dollars of actual cash capital, invested
in tn state and United States stocks and bonds.
or in bonds and MORTGAGES of real estate unincum-
bered, and worth double the amount for which
the same Is mortgaged. and they are the above
described officers Of said Insurance company.
ISAAC F. LLOYD, End Vice-president.
". j. EAsTON, Secretary.
Subscribed and sworn to before me this 22nd
day of March, 1890.
In witness whereof / have hereunto set my
hand and affixed my official seal
CHARLES NErTLEroN,
Commissioner of N. Div. N. Y.
STATE OF NORTH DAKOTA,
INSURANCE DEPARTMENT.
l, A. l.. Carey, Commissioner of Insurance of
the state of North Dakota, do hereby certify that
the above is a true copy of the original statement
now on file in this Office.
In Witness Whereof, have here1nto set my
AeAu II dl1Aeu IL b0ai u Ills OH1CG, at Dis
marck, this 9th day of March, 1890.
A. L. CAREY,
[sEAL. Commissioner of Insurance.
By l.. E CoMERFoRD,
Chief Clerk.
STATE OF NORTH DAKOTA,
OFFICE OF COMMISSIONER OF INSURANCE. (
CoMPANY's CERTIFICATE OF AUTHORITY.
Whereas, The Mutual Life Insurance Com
pany, a corporation organized under the laws
of New York, has filed IN this office a sworn
statement exhibiting its condition and business
for the year ending December 81, 1889, conform
able to the requirements of the laws Of this state
regulating the bushes of insurance; and
Whereas, The said company has filed in this
office a duly certified copy of its charter, with
certificate of organization. in compliance with
the requirements of the insurance laws afore-
said;
Now Therefore, I. A. l.. Carey. Commissions
of Insurance of the state of North Dakota, pur-
suant to the provisions of said laws, do hereby
certify that the above named company Is fully EN-.
powered through its authorized agents, to trans
act its appropriate business of life insurance, in
this state, according to laws thereof, until the
3lst day of December, A. u. 1890.
In Testimony Whereof, 1 have hereunto set
my hand and seal at Bismarck this sth day of
April, A. D.. 1890. A. l.. t'AREY,
Use II, Commissioner of Insurance.