The Black Hills union. [volume] (Rapid City, Pennington County, Dakota [S.D.]) 1889-1904, 1890-05-09

office OF the Bailey Loan company.
WANTED-A bright, tidy girl at the
millinery store OF Mrs. A. E. Wallace.
ANNUAL STATEMENT
For the year ending December 81, A. D., 1889,
OF the condition and affairs OF the
NEW YORK LIFE INSURANCE COMPANY
Of New York, organized under the laws of the
state of New York, made to the Auditor OF the
state OF South Dakota, in pursuance OF the laws
of said state.
President--william H. Beers.
Vice e-President-Henry Tuck.
Second Vice -President-Archibald H. Welch.
Actuary-Rufus w. Weeks.
Principal ofiice-346 6 and 34S Broadway, New
ATTORNEYS FOR SERVICE OF PROCESS IN THE
STATE OF SOUTH DAKOTA:
NAME CITY COUNTY
J. Il. NJ. Pierce, Yankton Yanktop
I'd Judicial Circuit,
W. H. Holt Sioux Falls Miunehaba
Sd Judicial Circuit,
]. E. Mellette Watertown CodiDrton
4th Judicial Circuit,
R.N Kratz Mitchell Dawson
9TH Judicial Circuit,
Wm B. Sterling Huron Beadle
9th Judicial Circuit,
Coe l. Crawford Pierre Hughes
9TH Judicial Circuit,
Henry F. Bailey Rapid City Pennington
Sth Judicial Circuit,
l.. P, Dague Deadwood Lawrence
Organized or incorporated 1871.
Commenced business 1915.
~ PROPERTY OR ASSETS OF THE COM
PANY.
The cost value of its real estate
exclusive of all membranes
~; .s13,212, ,s71 81
Net agency balances. 9O299 81
The cash on deposit in bank is 59O976S 9S
Premiums, notes, loans or liens
on policies in force the reserve
on each policy being in excess
of all liabilities thereon 1894 80
Rents due and accrued......... BIOS 81
Loans on bonds and mortgages
being the first lien on real
estate: ......... 1s,1O6,512 so
Interest due and accrued.... 42S 236 90
Net amount of deferred and ur-
collected premiums .......... 2,l9l9lS II
Add 20 per cent loading on
above gross amounts. .......... SAT 979 GS
Stocks and bonds owned by the
company, carried out at mar
ket value.:...................... Scala ,163 Al
steaE hs5s saffsa oat 1t naF
ket value Observation-Disclosures. 4,e71 ,563 90
Amount loaned thereon........... 3,7O9,oOO 90
Total Assets. s1ol ,o27 ,s22 4e
LIABILITIES.
| Net reinsurance reServe.......SS7,S ,S34 $50 90
Amount of death los
seS and matllred
endOwmentS i'll pro-
cess OF Observation-Disclosures
Claims for matured
endowments due
and unpaid...... 4o,52249
Amounts due aid UNI
paid on annuity
Total Policy Caims......... 6,491 81
| Premiums paid in advance... 4O,O46 rs
Gross surplus on policy holders
account... ........................ 15.654,263 II
Total Liabilities. ........s1O4, ,415,32i "A
VI. INCOME DURING THE YEAR 1889.
| Whole amount OF premiums re-
Whole amount ofinterest money
A174,OG6 10
| ceved from discounts and
| rents..... ............................. 413,5 95
Total Income. ..s2s, $50, 1923 "a
VII. EXPENSES DURING THE YEAR 1889.
| Whole amount of losses and
matured endowments paid
during the year 1889 ..........S 6,262, ,O95 so
Amount OF dividends paid dur
ing the year 1SS9............ 2,i67,32S 81
Amount ofcommissions paid to
| agents during the year 1882. 3,735, 40 so
Whole amount paid for salaries
of officers and agents. medical
| examiners fees, travelling eX-
| penses Of general agents and
managers, advertising, law
office expenses &C., during the
year SS9.................:...... 2,Ol9,GS7 7S
Whole amount OF all other ex-
| penditures during the year
| 1SS9.... 3,4O1.697 6E
Total Expenditures SIT ,s75, ,e4e 81
VIII. RISKS.
Net amount of policies in force
December 81, 1883, taken dur
ing the year 1889, S495,6O1,
| $1,000. Amount OF policies
taken in the state of South Da-
kota during the year 1889,
| S453 $4,000.
| Whole amount of risks outstand-
ing in South Dakota, 81, ,452,-
Whole amount of policies and
| additions terminated in 1SS9S75, ,4O3 ,623 90
| Whole amount oflosseS incurred
during 1889 in the state of
South Dakota, SIS 10000. All
i paid.
State OF New York | e.,
l County of New York 50.
Henry Tuck, vice president, and Rufus W.
Weeks actuary. of the New York Life Insurance
company. being duly sworn depose and say that
the foregoing is a full, true and correct state,
ment OF the affairs Of said company; that the
said insurance company is the bona-tide owner
of at least ONE HUNDRED THOUSAND DOG.
LARS of actual cash capital, invested in the
stat" and United States stocks and bonds, OF
in bonds and mortgages of real estate unincum
bered, and worth double the amount for which
the same is lnortgaged, and they are the above
oes'f'0s' 'ceis y s''u''s HENRY EMF SS'tTrGGecs TGGcRs,
Il Vice President
RUFUS W. WEEKS,
Subscribed and sworn to before me this 6tf
J day of March, 1890.
H. P. STANFORD.
Notary Public Rockland County.
Certificate filed in New York county
State OF South Dakota,
Office of State Auditor,
Insurance Department..
I, L. C, Taylor, Auditor OF the State OF Soutl
Dakota do hereby certify that the above is
true copy OF the original statement now on fill
in this office.
In witness whereof, 1 have hereunto set m
hand and affixed the seal of this office at Pierre
[sEAL.l this 2sd day Of April 1890.
81 L. c. TAYLOR,
Auditor,
State OF South Dakota,
/ Office OF State Auditor,
ul Department of Insurance.
COMPANY's CERTIFICATE OF AUTHORITY.
WHEREAS, The New York Life Insurance con
e pany, q corporation organized under the law
/: of New York, has filed in this office a swor
I statement exhibiting its condition and bushes
= for the year ending December 81, 1899, col
|sformable to the requirements of the laws of TIL
L state regulating the business of insurance: and
). WHEREAS, The said company has filed in tn
:, office a duly certified copy of its charter wit
y certificate OF organization, III compliance wit
l. the requirements OF the insurance laws afor
It! saidy
10 Now, therefore, I, L. O. Taylor, auditor
the state OF South Dakota, pursuant to ii
. provisions OF said laws, do hereby certify ths
Is the above named company is fully empoWere