The Jersey City news. (Jersey City [N.J.]) 1889-1906, 1894-05-04
HON. GEORGE 6. DURYEE,
Commissioner Of Banking and Insurance for New Jersey.

Commissioner Of Banking and Insurance for New Jersey.
On the second day of February last the Prudential Insurance
Company voluntarily requested the Hon. George S Duryee, Com
missioner of Banking and Insurance for the State of New Jersey. to
examine the affairs of the Company.
In compliance with that request the Commissioners, aided by
his deputy, Hon. Thomas Z. Johnston, promptly entered upon the
work.
The Commissioners appointed as assistant examiners David
Parks Fackler, an eminent actuary of New York City; F. Van
Camp, of Trenton, and exJudge Howard ". Hayes and Edward
H Duryee. of Newark, and these gentlemen were assisted by an
ample corps of subordinate examiners and clerks.
The examination by the Commissioners occupied a period of
about six weeks of consecutive work. Every book, voucher and
document Of whatsoever kind concerning the Prudential Company's
business from its foundation down to the day of the examination,
were open to the inspection and scrutiny of the Commissioner and
his assistants.
The Company's manner of transactng its vast business and its
methods Of dealing with, and treatment Of, it's immense body of
poicyholders, numbering at that time nearly two millions, were
freely opened to the most searching inquiry. After a very COM
prehensive examination. the Commissioner reported to the Com
pany as follows
DnrAnrnnssFF 7 81 ss e s#$ ' zRD assurances,
SsHRS8ass4z2 . 8 : 3 'gHHEEEs sG Bss$ss Commissions -, ....o ,um. ! ,u.u...
MY Dear Sir: beg leave srewith tos enclose you e2pyo Of hs report Of the esamdna:
s s@ sss ~ sh ssS s " ss s@sis a1a n E 5 sss SS s : s = s sasss iaI ss t. n s a. , 1 hi
Psie o@sa tn a sG fa s 1 1@az s@. ssl aq s sRs s ss sssa at pleasure RssH " t s nd s dSs e CON
e Ssf Ss1sssa,s Ts AZ s7s Ii 4 s sss%a4s ssa { 7s Y. 's sssssl. q s%. = .s sss ' fssssss
sn faS % % # sb ml sas IL as Z s1 s@ s. Fl Fl a s sa aaRg ss s 5ae d involved in mex
a- m %i IL sss sEssa as g & y your s @ss%s=s II "a s sSsa1 e ss s's aRss g' f so I i ss ssf Bsa
a aps SS ss5s It RA ( Bd 5ARkg 5 ssazs4sa a d y S.s sy7 : Pam hs5Esas, rrn's ssq (,
gp.a ss g aen assss ! 55sss E ss . C e. e Sss = ss' = =; IN c a 6 sba@Rs ' With ": Van an
c'H & 9e s1sss sP s%aa s a opo % "s I g. as @ S5se@ use q - mntngs and eessrnny
s sss !; ( a. f. ss:s ss s $s5s = ss f. s = : s s% e. T. i S ss { e n e e . asaa having been a. 81 an
~ 8 ssss S s. s $751; issss Inc # 6 ss q s s ' sssS' s ss s sSS : i : e sz%' a 's ' IS
ns f. Ledge sss , reported Sss a @ p hand s Ct the beginning o the year 1898 were found cor
IBaI MgSs sEsa The a Rssa IT. 9aS2@s f = sS aHsaa a sf sisl e nance as aa On e 1s s : ss
ts5 ss9 we're s@ Hsa Re s%@ 9aS nssa a@ and i@SS Correct n prs appended s copy Of ds
0omR bfsBuS Isl All items unaert this head were carefully verified from the vouen
E. 5 $50; : s I e 5 + s. + e. I, s; s.; s. 4 !. e: e ;s :s ssss:5 = 50 ss:ssssa IS e. &C. 6: IS. s:
rs ca a. ss s%R% snn asst s mt it. 1 e St. a ND sn sa@i IN s sRss sann ssh t Rss #' 'rss to 1f TN
rsDqf: a nj e g sss s Il l@ s@s's sa sg Frs asmS SSa Sc as ps s. Tie COMPANY. politics yss
Il assss 81 = = ss s f. s q 8 ss s; 4 8 ss Is 4 SS Fl IS s %s Is FISH, Is a5s$ : r. n i y ssfs an N !:
also b~sns ss a1s@ a@'1a N $ & ' Company 3a 9y9 e %sl 6a %f I'M i i Ss%st m many as@i Item Of *
B BsSas 70 SS s ssssass q # f@ @S Ss a * @sD % %a5b H@ am s ss. Some 4 E5s l9s
II .s a%ss asn Ia Nr e@Sds aI 4 Il KS Ss Ssgnsn @ es i Won sem proper . aaaasF
;; :ss sS Xxi ! n s ss ss Sssssa s i ;is sshas s' s I ss sas ! 4i ss s ssFs s% ss d s@ s on sa tit
ss Ss & 81. .g ys sp II n I'd e sfa &! a s@e. Jersey aa pS y sss Ss@ as known or Of tt that t. @ fsi
4 s sT S . Ss re 5s ssss Is s s% d sS nd S sss sa ssas7 ia@sd is asan t% s5sm the d% S@lf 9 s he
s sssss s$sss 81 sS r : = s4 ss s, a s sss'; E &C., 60 e. s = s5 + E s. & ss s ) II 4. Rf5 s s$ s 4 !:
0sF I e 3aea e st" t. s4 4ssavs 4 $SSs sqs %s a e aa j soar s 4 h ml a% Company.
s = s q ss %ss%S ss ! $ VI ~ + i + s Ss$@y s IFS: IS. s% ss = = n S ! sa Il s@5 SS 5s@
sssa s. / s s#s a - Ss ssrs:f ' r $s Ri issssas e ss Sc sssR! ST shss y L s 6 s ssa sSl s zs sfs
.S$s ss i. yS IsS s s s sssa sssss fs #a ess e a s ss e sgs CT s s%s ssa z T! a 9ssss
ses sI i @sa sa e !Hs& S&M ! vas sssas 4 Is Is a &s . s IF ssg3s r5 As s5F9 s SSS
e 8 s s 4 :ssS II y + Z : ssS e: ! & :ss sss i sss :; Ss sssss i i ssssas.. :ssssss
oom ass 5ssss1 s s1.s4 ! u 4 e ss1 T. seem % Just s s Prep ss@ e e s s@sS A Is ss s% y s%ssSs
s saHa ssn aSs: sas % Ss lgs9 BY 81 s&@ IS 50 s% @p as1 r@@d sal al The daaS fits yas
s sr u d. s:s - :sf e yss 4 8 Ei sss ssss, 1l ~ s@ sS1g sssss, n s: . sssss s g " ";
S sss 81. Ss.. 4 = 60 a1 gi $ns sa sSst ss8 sa sa ely ~ Sy sSt t the UP Rassvs dn sasahss
s Is sss sf.sss ssss:s: 6; 81 sa fa% en- ' Pas; s ss s s S' 81, is IS. . .ss$s $500 Is d 5Ps ss ss 4. = =;
aid from their ss'sH' T1' '"' '''''' e ssS sss$ss}f S s$$ss5 sl gAo calll
oaF w. sAs' dashf f9a Examiner
R Hsei a hIao5wARD W. y; a. Is and If EDWARD gxRns + Ed Rq as tile @ s@.n -, sa,.