Fort Worth gazette. [volume] (Fort Worth, Tex.) 1891-1898, 1892-02-04
LETTERS RECEIVED FROM PROM
INENT POLICY HOLDERS
Placed Against the Judgment of Commits
missioner Hollingsworth-A Note
worthy Fact in Connection
with This Matter.

FoRT WORTH, Tex, Feb. 8, 1S92.-As
against the judgment of Mr.. Holling sworth,
Insurance Commissioner of Texas, we give
below a few of the many letters received
from prominent policy-holders in the New
York life insurance company.
These letters have all been written since
Commissioner Pierce's report has been
made public.
Thousands of other policy-holders have
expressed themselves in the same emphatic
manner. 1t is a noteworthy fact that with
the exception of the official report made by
Commissioner Pierce of New York at the
request of President Beers, Mr.. Holdings
worth IS THE ONLY INUsRANCE GoMMIs-'
sIoSER IN THE UNITED STATES who has
deemed it necessary to publish any state
ment regarding the solvency and manage
ment of this company. Respectfully,
j. I. AND DAN'L. Boone,
State Agents.
PHILADELPHIA. Jan. %, 1892.
Darlington Runk & Co.
My DEAR SIRS-I am In receipt of your
favor and reply with pleasure giving my
views on your company and its manage
ment.
Fhave for many months watched the
strong and antagonistic position taken by
some Of the New York papers against
President Beers. of the New York life in
COulpduI, lllIuh Ol1db hullG EG
has made some slight mistakes, yet the
papers referred to have done great in
justice TO this large and fiHsncial institu-
ton.
cannot Express myseif5et than in the
words req from dsffv journal of this
date, viz: RThe repol<of Deputy Superin-
tendent ShSpnon The most one-sided,
partisan and niudftal document that has
emanated froA h-pOlitical official source
IN wears
Ny faith in New York life has been
and is unshake every respect, and the
surplus as Rp%ted January l, 1891,
.tSl4, S9s, $50, - Isl uficient proof for me.
Very My 7 Wi A. bo M M nd EcSk for
besides Fry large an hunt of insurance on
his life. &c has for Eany years been
trustee q the Penn MutS&l life insurance
company pf Philadelphia.
PHILADELPHIA Jan %, 1892.
GENTLEMEN-In reply to your request of
the 18th instant, that l express my opinion
of the New York life insurance company,
in view Of the criticisms upon the manage
ment of the company, contained in certain
papers, I will say that q sufficient answer
to charges against your company might De
found in the fact that am very well salts
fed with the workings of its policies upon
my own life, which aggregate Sl00, 600; and
if in carrying that amount OF insurance, in
volving as it does the heavy outlay in
premiums yearly, l am well satisfied with
the company, persons carrying the smaller
politics, as from $1,000 to $4,000 each, should
not be very much alarmed as to the stability
and soundness of the New York life in
surance company. Yours very truly,
JOHN B. STETsoN.
CNfr. John B. Stetson is the well-known
hat manufacturer and president of the
John B. Stetson Company of Philadelphia.
Mr.. Stetson carries more than $6O00O0 in
surance on his life, chiefly on the ten-year
endowment plan. His annual payments to
life insurance companies exceed So, 600
and is larger than that of any other person
in the United States excepting the Hon.
John WanamaSer, who carries a million
and half on his life.)
PHILADELPHIA, Jan. 90 1892
INSTRUMENTATION a careful perusal of
the report of the New York state Superiu-
tendent of insurance CT the business and
condition of the New York life insurance
company am glad to be able to state that.
as a holder of one of the politics of the com
pany, l feel perfectly satisfied as to the
entire solvency of the company, and that
all obligations arising out of those policies
will be promptly and honorably met. Yours
truly, HORACE B. PEARSON,
725 Spruce Street, Philadelphia.
(Nr. Horace 5. Pearson is secretary and
treasurer Northern saving fund, safe
deposit and trust company of Phila-
ielphia.)
PHILADELPHIA, Jan. &c, 1897.
GENTLEMEN-In answer to your note ask
ing Tor the views of polcy-holders in the
New York life insurance company as to
their confidence in their investment. l
would say that its last statements, made by
the state superintendent and by the com
pany, show that it is on the best financial
basis Of any company in the country and |
am more than satisfied with my investment (
as policy-holder. Yours truly, n
a K. MCCLURE.
(Col. A. K. Mcclure, editor of the Phila- |
lelphia Times.)
PHILADELPHIA, Pa. Jan. eo, 1901
GENTLEMES-Your valued favor of the |
18th inst came duly to hand. inclosing re- |
port of the state superintendent of insur- |
ance in regard TO the condition of your COM |
pany on June So 1891.
l am very much surprised and doubly |
gratfed with the good showing made by |
he co mpany.
1 had supposed, from the newspaper
statements, that everything was wrong. |
put your report shows an increase in the |
mount of business done, and is indeed a |
very satisfactory report. Yours truly,
JAMES GIILENDEg. \
(Mr. Jaues4 iillender is member of the
Arm Of Offender SSSon OF /
manufacturers of fi5Etglass. /
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