The Helena independent. [volume] (Helena, Mont.) 1875-1943, 1892-03-27

W. "S' 40 4~NAA
of assets and q surplus of $15, 600, 900.
These figures, while symmetrical to the eve,
are not hollow to the touch. Every item
of that great amount of resources have
boon probed officially by the power of the
we're employed about thirty individuals
clothed with greater than inquisitorial
powers to fine out how little we we're worth
and how much w owed in good hard dol
lars and cents. These representatives of
the state were but human, although exalted
above their fellows, and their disposition
naturally was to give the state the benefit
of every doubt and the company the least
part of all it claimed, Not that they had
any feeling against us, but they preferred
to err on the safe side because they were
honorable men. Every one of our 100000
policies was valued separately by the tables
Of mortality and interest computed accord
ing to the standard of the state. Every
uncolleotsd or deferred premium was com-
pared with the reserve required to be held
on the policy, and if exceeded in any case
it was reduced to the reserved. Every GER
representing 100000 in the eg-
grecate was counted and %reoounted,
its number taken in each instance. and its
purchase afterwards traced through the
vouchers, check and cash books. Every
mortgage loan, covering a total of S21, O0O,-
UUV, Au0 eVHfy pleCo u I0ul Gbbltb ONH9u,
with an aggregate value of $13, 600, 600. was
inquired into and the property valued after
a p%ersonal inspection by the insurance de-
partment's appraisers. In foreign coun-
tries the superintendent of insurance called
on representatives of our government
through the honorable secretary of state at
Washington to fix the values of our Office
buildings abroad. The title to every piece
Of property either mortgaped to or owned
by us was specially examined by attorneys
selected by the state and whose ability in
their profession is everywhere recognized.
The cash deposited in banks and trust
companies, :, 6OO,O 900, was verified by the
certificates of the official in charge thereof,
and all the books relating to the same
were checked and balanced forthe purpose.
Every collateral loan was examined us
to the security and borrower and verified
as to payment of interest and principal.
The value of the securities pledged WAS as
csrtained separately on each loan, the total
loans being 3d. 800, 900. All death claims,
whether proofs had been presented or not,
of which the company Ind any
notification either orally or
in writing, were charged as Il
matured liability. Every agency balance,
old or now. great or small, was rejected as
an available security. DO you wonder that
Superintendent Pierce said: 1.-The most
satisfactory result appearing in this report
(the state department's) Ia the conclusion
reached tnat Tins great ana useful lnstltu-
ton of our state, whose business interests
and relations extend and arc being adj
vanced in every state of our union and i'll
SO many of our civilized counties of the
world, and whose policy holders thersin
may be named rs legion, is beyond all CUES
ton solvent and is the actual owner and
possessor of available assets and property
exceeding its p esont liabilities by the sum
OF $l4. 70s, 675. 49,"
The state of New York, by its authorized
officer, hns stamped with its seal the value
and ownership of $l25, 600. 900 admitted
assets. II you want n stronger or better
equipped company to answer every demand
You will seok in vain.
Ours ID the only official report.
JonN A. MCCALL,
Pres. New York Life lns. Co.
March 10, 1892.
Montana headquarters, Bailey block, Hell
enn. II, SAnfpe. resident manager.