New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-01-24

purpose OF conducting the affairs OF this Assocfa-
ton. to the minutest detail with the most rigid
economy and the strlctest integrity. ana with an
eye only in the direction Of furthering the very
best interest OF each member and beneficiary. We
have now reached a period in our history where
the Mutual Reserve Fund Life Association is so
solidly founded, so well established. and so favor
ably known. that we can point to our eminent sue
cess in the past and to our brilliant nope OF the
future without extended comment.
We shall miss at this Annual Meeting the brilliant
able and exhaustive report of President Harper. but
hope and believe that in the immediate future
he will return to the Home Office entirely restored
to health. when may confidently expect that he
will supplement the proceedings OF to-day by
statement which will be forwarded to every member
and gladden. their hearts, well as those Of every
friend OF the Association
For the time being. therefore, shall make but
Q brief statement Of the Fourteenth Annual Report
Of the Mutual Reserve Fund Life Association. and
in presenting the few figures that follow simply
state that our assets larger. surplus great
er, our new business OF more magnitude. and our
payments to benefcaries more than in any proceed
ing year In history.
Our gross assets have increased during the year
1894 from S5,13s,B16.38 to $780, 1900, making
a net gain for the year Of $307,599.63
RESERVE FUND.
We have Increased our Reserve or surplus Elmer
gency Fund during the past twelve months from
S3,5s8.32613 to s3.s27.635.12 making a total
gain for the year Of S23S.3OS.30.
INCOME.
Our income from all sources during the year 1894
amounted to &4,0aS, 738.50, against $4,48s,S16
for 1885, making net increase OF $444,024.SO.
DEATH CLAIMS.
At the end Of the year 1893 had dsbursed to the
widows and orphans and representatives Of our
deceased members the sum of &17 1854 ,333.S6. For
the purpose. during the year 1894 have
paid out the largest in the history OF our in
stitution. viz: $3,O7O,SI4O1, making in ALL In the
fourteen years Of existence. the magnificent
total Of 2O.754,s 47S7.
CASH AND INVESTED ASSETS.
At the beginning OF the year 1894 our cash and
invested assets were $303S,041.15. During the
year have added the sum OF 1901, 2O275, 30
that at the close OF the year these amounted
to S4.248. 1890. This increase made not
withstandng the fact. already stated. that
paid out for death claims larger sum that during
any previous year of history We present
herewith detailed schedule Of the investments Of
the Association. with certificate from the Central
Trust Company Of New-York. duly signed by the
Hon. F. p. Olcott. President. which will enable
each member to examine and ascertain for himself
the character and absolute security of the invest
ments made by the Association.
BUSINESS IN FORCE
Our books show that December 3lst. 1884, We
had in force 98.O67 policies covering insurance
amounting to S293, 1896, 100, being net increase
for the year OF 1881 policies amounting $780,
758,O4I, while the applications for
NEW BUSINESS
received during the year amounted to ISL 1851 AZ,
which does not include dollars worth OF busi-
ness received since December 3st. 1894.
The eloQuence Of these results perhaps be best
illustrated by the following statement, showing