The pioneer press. (Miller, Hand County, S.D.) 1893-190?, 1896-09-24
First publication Sept. 1913
ANNUAL STATEMENT

For the year ending December 81, A. ID. 1895, of
the condition and affairs of the Mutual Benefit
Life Insurance Co of Newark organized under the
ANS Of the state of New Jersew. made to the
Auditor of the State of South Dakota. in pursu-
ance OF the laws OF said State,
President, AMI Dodd, Vice President James b.
Pearson; Secretary Edward l.. Dobbins.
Attorney Tor Service of Process i'll the State OF
south Dakota j. L. Hipple, Pierre.
Organized or incorporated 1s45, commenced
business 1S45.
II. Assets of the Company.
The value of real estate is 1S2l67S %
Cash on hand IN its office 9l0I %
cash on deposit in bank is 51l199 IL
premiums 751G69 gS
Bonds of United States and all other bonds own
cd ny Company,
Carried out at par value 1l952Ol9 60
on real estate 3aO74s4O q
Loans ON all other bonds and other Sc
curities 22735OO 90
Market value our par on stocks & bonds 436269 73
Loans to policy holders 2S22i66 50
Premium notes 4iU6ll6 10
Interest due and accrued f15s395 81
All other securities 1870 "A
Total assets 5s.27S,72 81
III. Liabilities.
holders 35lO92 30
Total policy claims 2S2SSl 3S
Net revenue 535233:S W
Gross surplus on policy holders acct 4076s35 80
ngatnst the company 32Os9 Sc
Total Liabilities 5S2691SI &C
V. Income Duringthe year 1895,
Amount of premiums received 7SOI32i 50
AMOUNT of interest and discount re-
ceiyed from all sources 210S363 9S
Amount received from all other sources l2g5Sl 81
Total income 1O64?2i0 Al
v, Expenditures daring year 1895
Amount paid for losses aud matured
ndowmen 4Olg677 Al
Dividends paid to policy holders I5eIlO q
surrender values dlsbursed l2l'SH" 10
Commissions and salarie paid to agents
officers and employees l0gi639 80
Amount paid for taxes, fees &c 3l6WIt Fl
penditures 8l43sO n
Whole amount of premiums received in
or from the state of South Dakota
during the year 1895 SG33 "
Whole number of policies issued during
year in y. D.-2J
Amount of insurance effected thereby Gi9l9 90
state of New Jersey
County of Essex So
Ami Dodd President, and Z, l.. Dobbins, Sec
rotary of the Mutual Benefit Life Insurance Com
pany OF New Jersey. being duly sworn dcpOsG
and say that the foregoing is a fun. true aud cor
rect statement of the affairs OF said Company.
That the said Insurance Company is the bona-tide
owner Of at least One Hundred Thousand Dollars
of actual cash Capital. invested in State and
| nited States Stocks and bonds, or in bonds and
mortgages OF real estate unincumbered, ana
worth double the amount for which the same is
moItgaged. and they are the above described
officers of said INSURANCE Company.
AMI DODD. President.
E. L., DOBBINS. Secretary.
Subscribed and sworn to before me. this 10Th
day OF 4 February 1876.
TsEALl b. J. MILLER.
Notary Public,
state of South Dakota. Once OF State Auditor-
Department OF Insurance.
CoMPANY'S CERTIFICATE OF AUTHORITY.
Whereas, the Mutual Benefit Life Insurance Co.
corporation organized under the laws OF New Jer
sty. has FLED il this office a sN orn statement eX-
hibiting Its condition and business for the year
ending December IL. 1885. contCrmabhe to the
Requirements OF the laws of this state regulating
tie business of insurance, and
Whereas, the said Company has fled in this
oiice a duly certified copy OF its charter, with
the requirements of the Insurance law aforesaid.
Now, therefore, 1, J. l.. Nipple. Auditor OF the
State OF south Iakota, pursuant to the provisions
q said laws, Go hereby Gently that the above
FAMED Company is fully empowered through its
{ ~ riZed eyer l., To transact i+s appropriate
Lua.LUsS OF Lille Insurance i'll this state, accord
me TO the LAWS ths rcoi, until the 3lst day OF De-
cembcr, A, -. iS!G,
III testimony whereof, / have hereusto set my
hand and seal at Pierre, this 18th day OF L ebruary
A.. u. 1890.
lsrALl JE. NIPPLE. Auditor.