New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-01-23


impeded and the true interests Of its members
to be lost sight Of
The degree to which the speaker carried the
audience with him was notable from the start
They evidently believed in the man and what he
was saying, and the synopsis Of the work and
results OF the year. work done and results &C
complished under conditions which were calcu-
lated rather to retard than assist certainly
showed that their faith was we'll founded. The
closing portion of the address so tersely sum-
married. the results Of the work that 1t cannot
be condensed into brefer space than is required
to quote 1t in full:
THE RECORD OF THE YEAR 1898.
shows the following gratifying results
ASSETS.
Our gross assets have increased during the
year from s., 1886 1852 to 1861, 7o7.s2.
NET SURPLUS.
Our net surplus over all liabilities has Ina
creased from ss27sl7sss to So 5s2. $685. making
net gain for the year OF 1905, 32s.4s.
Our income from all sources during the year
1894 was s4S4S73s5s, while in 1895 it was $S,S'''-
2sl5S, a gain of ss31 ,54l.s7
DEATH CLAIMS.
During the year 1894 paid 10 the widows.
orphans and other representatives or our oe-
ceased members. the large sum OF s3,o'ool4oi'
During the year 1895 we have paid for the same
purpose the still larger sum Of A,oS4.o14.s2 an
increase over the previous year OF sl,olSooosi'
At the date OF our last official audit, JAM II,
1896 there was not single death claim IN the
Office upon which completed proofs had been re-
ceived and verified which unapproved. ana
instead OF being required to wait the ninety
DAYS allowed by the terms Of the contract Tor
payment. death claims are now paid within
thirty days from date of approval. -----
BUSINESS IN FORCE. 'EESF
On Dec 81 1894 we had in force ss,o67 policies.
renresenting insurance to the amount Of $685.
sss 1os. On Dec 81 1895. We had in force 1o5.S7s
policies covering insurance to the amount OF
saOs $50 81. being a gain OF 9sl1 policies and OF
SIS 293 265 OF insurance. Every dollar OF this
amount was actually written and issued before
Jan. !. 1896.
Truths plainly stated facts succinctly set
down. possess an eloquence that no flower OF
speech no tricks of rhetoric. can heighten such
ia the eloouence Of these results which proclaim
tho nroeress soundness and stability Of this as
sociation-its deeds accomplished, its ever-broad-
ening power OF accomplishment. In the record
OF the past in the strength of the present. Is 10
be read what the future will be. We stand at
the threshold Of the year. impressed with
the consciousness that 1t is to be, as every year
Of the existence OF the association has BEEN a
wear Of hard engrossing, Notwithstanding
work; but, mingled with this knowledge. there Is
no trace of timidity doubt. The past mas
cemented 80 firmly the confidence OF our great
membership the present bears such unascaiiaoie
evidence OF the strong foundation on which that
confidence rests that II becomes an Inspiration
and sustaining power-an inspiration to renewed
and redoubled efforts in the work OF the future
upbuding Of this great institutional sustaining
power in every effort. in every demand upon U.s.
The broadening circles in which the usefulness
and benefcence Of this association are extending
command wonder and admiration, but they also
impose obligations and duties. These are not
alone TO the management-not alone to the Of
ficers. half million people are directly In
terested in the future OF the Mutual Reserve
Fund Life Association. Every man, woman and
child in the land is indirectly interested. The
association stands as the representative OF pro-
tective life insurance. untrammelled with invest
ment-the forefront OF that system which en-
abes every man. every husband. every father.
to protect the future Of his home, the declining
years OF the wife and mother. the years OF de-
pendence Of the child We have won the victory
OF the right to be: We have carried the banner
of this system unfinchingly and unfalteringly
in the face OF opposition and contumely such as
was never before heaped upon enterprise SO
grand: We have won triumph so complete that
no man to-day rises up to question it. We have
now but to reap in the results OF overwhelming
prosperity. the sowing OF the years that are
passed. And that reaping will continue so long
as our members true to themselves and TO
the association. So long as an upright, intelli-
gent. broad minded, economical administration
is faithful to the trusts committed to its care
so long will the Mutual Reserve Fund Life con-
tinue to grow: so long will it know prosperity
and so long shall be more and more widely dissent
nated its benefits which. these conditions pre-
served will broaden and bear fruit to the end
OF time.
The result OF the balloting for directors was
the election OF Messrs Horace H. Brockway.
John J. Acker and James W. Bowden. NJ. D.,