The Madison daily leader. [volume] (Madison, S.D.) 1890-current, 1893-04-20
Annual statement

nlm stANemCmt
70. the wear ending, December 81, AID 1899, Of
Life Insurance Company OF New York,
organized under the laws Of New York,
made to the auditor of the state OF
South Dakota, in pursuance OF the laws Of said
state.
Organized or incorporated 1s4l. Com
menced business 1845.
III. Assets of the com
The value OF it's real estate s.......S 1888, O16, Ia
The cash on hand In lite Office it,. 1858, 800. SO
The cash on deposit in bank is
tgive name Of bank or banks).... 1857 ,97S. Is
Stocks and bonds of United States
and all other bonds owned by com
pany, to- wit: market value. ,..... $3.50, III. 81
amount of loans secured by frst
mortgage on real estate. .......... 24.396, Ts5. 81
Amount ofall other bonds and loans 1916, 0oO.00
Amount OF premium notes on pol
icies in force ~. 1890. 1896 ,s5o,os
= per cent. loading. 1885,, 1881
Amount of interest due and unpaid 95l, $50. IS
All other securities ........... 20,426.s6
Total assets. ............... . s1s7, 4ss, iss. 90
Ill. Liabilities:
Amount of losses due and unpaid. q 1896. 26. 90
Icy holders .............. 11, 1863. IS
ell outstanding risks. ........... Ii9, 075, $500
Surplus. 1880, sis.10
claims against the companY...... 100, 7s3. sc
Total liabilities !. +. .sis7, 4ss, 1883
Nv. Income during year 1892:
Amount of net cash premiums re-
Amount of interest received from all
Amount received nom all other
sources. 49,. 1 1858 os
Total 30, 1876, $780, SO
v. Expenditures during the year 1892:
Amount paid for losses and mutual
e~ndowments. ..................s 9,olo,ssl. q
Amount of dividends paid to policy
holders l,4lo,2l9.S
Amount OF salaries and commissions
paid to agents. 4.o5s,si6.6o
Amount paid to officers for salaries
and other ~perquisites ...... 579J27 d
4 AMOUNT paid for taxes 304,5l5.52
Amount OF all other payments and
expenditures. ................. 6,29a, go So
Total expenditures. .......... 5 q, 1854, e9o. rs
VI. Miscellaneous:
Amount deposited in other states
or territories as security for pol
icy-holders therein tamount In
each state or territory New Works. 100, 0O0.00
Whole amount OF premiums received
in or from state of South Dakota
during the year 1892 .......... 81 ,5iS.52
Amount paid for losses In South
Dakota during the year 1899. -. 1l,4s5,oo
Whole number OF policies issued
Amount Of insurance effected there
1,0l4,Ooo.0o
Total amount value OF all risks cut
State OF New York, county OF New fors:-ss.
John A.. Mccall, president, and Charles G.
Whitney, secretary, Of the New York
Life Insurance ompany being duly
sworn depoee and say that the foreg0tng is . full,
true ana correct statement Of the affairs OF SAID
company. That the said insurance company is
the bona fde owner OF at least one hundred
thousand dollars OF actual cash capital, invested
In state and United States stocks and bonds, or
in bonds and mortgages of real estate unencum-
bered, and worth double the amount for which
the same is moItgaged, ano they are the above
described officers OF said insurance company.
JOHN a. MCCALL, President.
CHAS. G. WHITNEY, Secretary.
Subscribed and sworn to before me this 9Oth
day of January, 1885,
lseall a.. b. L. RANDALL, Notary Public.
The State of South Dakota, Once of the State
Auditor Department of Insurance. Company p
certificate OF authority. Whereas, the New York
Life Insurance company, o corporation Or
ganized under the laws Of New York has fled
In this ONCE O sworn statement exhibiting lite
condition and business for the year ending De-
cemberS 81, 1892, cohformable to the requirements
Of the laws OF this state regulating the business
OF Insurance.; and, whereas, the said company
has fled in this Office o duly certified copy of its
charter, with certificate of organization, In com.
pliance with the requirements Of the insurance
law aforesaid: Now, therefore, /. j. u. Nipple,
the provisions or said laws, do hereby certify
that the above named company is fully en-
powered through Its authorized agente, to trans
act its appropriate business of Life
insurance In this state, according to the laws
thereof, until the 31st day of December, A. ID.
1898.
In testimony whereof. 1 have hereunto Get my
hand and seal at Pierre, this 1st day Of April,
A.. ID. 1923.
[Seall j.. X. NIPPLE, Auditor.