New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1892-01-28
OFFICIAL REPORT OF HON. W. C. HAYDEN.
AOTCARY
Insurance Department,

Having carefully examined and compared the state
ment Of the Mutual Reserve Fund Life Association Of
Ncw-fork, made to you January l. 1-91, with the
books Of tho association and with the securities now
lcld hy the Central Trust Company Of New Norh an!
lis accounts ~ tie same lind th1t the Central Trus
Company stll holds the curifos designated by
schedule A. II the ANIMAL report OF January l. l-J1
mcut of The state ~ NcW-Yorb r which In, assoc a
ton bold, the receipt OF the Department II Insurance
The a,,ocinuon also holds certificates Of the deposits
81 English con-Cis with the Court Of CAnncey Of
ana bond, of Dominion Of Canala dcpo-ted with the
Receiver General Of Canada for 3lo232j 81: $1,000 IN
"",' up WIN l"' iH0u' INC l'Plrtmcnt OF N4lH
,ouIl ana ~ securities amounting to SiJ.iil ~ on
The statement Of cash on hard and in bank made or
the Dist IF December $50. viz 500 .03j -, ind
agree, with TIE Association accounts. and also with the
b'95 19.. a. 7 7o1 o5 to t ta dft ,.
proved ard not due on December 81. i-9O, find the
Association holds the policies. rccciptcd for the full
amount
The report Of December 81. 1900 shows death claims
rep g Go ara ~ Rooo' o.. adjustment amGotinf to
100 have been paid In fun. pollcc, amounting to
S-G-oO have been sc~l Tor 420.7j3 II ana 900 il,
eui I'm suit. The Association holds receipt, for the
$50 ,53 Il and release, for The ull amount Of 23G.-OO
o., of the Ti-.5oo resisted claims reported December
promised by paying $4,000 AID $4,000 IS still re
In regart TO the fem Of Contingent Resources $500
"a 90 all except $4,000 OF this sum was estimated
but find that the amount received on these assess
m"utS warrants the conclusion that the estimate was "A
reasonable ore
me ACCOUNTS Of the Association are 50 well arranged
and ITS system 4 checking from ore department To-
another 80 thorough, that any errors be easily d.,
(SirncD WI. q. HAYDEY Ac,p,r,
III addition tD the above will say that upon a mar
soual inspection ~ the business Il the Mutual Rn>irv
Fund Life Association. | am perfectly .a,%Gcd s
condition Of the Association. ''''''''''
Their are many now and interesting fo,turos CON
ncc,cd with tie Mutual Reserve that b cts con-
10 the benefit ~ the membership. rhc careful man
ner IN which all the business Of the Association il con-
fiu tDl Ia t,,. mat 2 frt
tcrrst and the paving ont ~ moneys J., SO carefully
guarded MAT no loss is po'sitl".
/ am pleased 10 recommend the Mutual Roscrv,
Fund Lie Association TO the citizens Of North Da
In witness whereof lcrcunto set nv hand IN,
caused my seal to be affixed this 18th day Of JTy
l7'l. t-isned) \. L. CAREY
FGAUDULENr DEATH CLAIMS
That there cXst an organized band OF concentrations,
whose object II IS. through fraudulent combinaons. f.
rob the treasures q the various life insurance com,
papo, 10y the palmng or OF sick. diseased and diving
mon upon such orsanizatons, by substitution and other
fraudulent means Will not admit Of a doubt The man
agrmeut Of life insurance company that falls 10 my H..
honest death claims should Doe branded before the world
a. fraudulent unworthy Of Prospect OF homes, men, and
IS equally true that the management Of III, ins,,r
ance company mat Will permit gang of Insurance
oWindler and c0spiutOro 10 rob iLs treasury of the
money contributed by It, members /, ccu9lly M.
worthy Of respect confidence of the pablic "''
II has been our privilege during the past twelve
citation. " '"' ''V
In one Instance at Oswego. y. " We vera able 10
present IN court pretend Il dead man I'm person Ly
reason II whose alleged death the cons pratore nX
ccd 10 rob treasury O the fun face of tho polcv
and t. fact worthy Of consideration that I'm This casa
no less tlnn i've persons were present ready to testify
that tn Insured was actually dead aud that they saw
and Identified the body after death: but he was not
dead, and were able at exp 'nse 10 produc,
him In court. The plaintiff and her counsel we'll
knew that tn pretended dead man was still alive
hut hoped 10 Doe able 10 prevent u, from securing the
presence I'm court Of the Insured, but they failed
In another instance, New Nort
was presented 10 tn Association for - 900 insurance
The applicant wa introduced to the Medical Examiner
by reputable persons Inv tigatiOn revealed Inc fact
that at the time the applicant was spposcd ~ be o
the Office of the Association In New. Yorl, heinz ~
amincd he was and had been for many DAYS ylng in an
unconscious condition upon his death bed ana in =
few days he u corpse, b fore the pollcv was is
sued aud delivered. The proof, of death prctcuIsd Ia
represent that the applicant di suddenly Of nm oau,
disease while. matter Oi fact hr had hr.n IN f,r
z, LONG time aud only through the snh.titu,inn nf
healthy person could they have cyurctnb IA securn
the ZOO In question from the treasury of tle Asso
Citations. but they also failed
could cite very Instances similar In cb,rocier
20 this Of attempted frauds upon the treasury ~ M
company but through the alertncS, or onr ln-ol and
death claim departments these robLorie. bovc Ln.,,
prevented and the pcy holders of our cor,n,nv Inv,
been saved from the payment of these nnnst clnims
The boiness with which these life inslronc. con
pratOrs apply their vocation through Substitution md
fraud 10 rob the treasury Of Assocnton IL Indeed
amazing, and suppose their dishonest nractccs viii
not be discontinued until we able To present their