The herald-advance. (Milbank, S.D.) 1890-1922, 1896-03-06

FOI the year cHulIlk D0tSHlUcT d, A. -. 1870. VI
the condition and affairs OF the New York Life
Insurance Co. 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
President John A. Mccall, vice-presldent
Principal office BAG. as broadway. New York.
Organized or Incorporated ls4l. commenced
business l8l5.
l. ASSETS OF THE COMPANY
The value OF its real estate is ..s IS 00s. $50 90
The cash OF deposit in banks is.... 6l44,9l3 3S
Loans on CompanN's policies. 5,9o1,2T b2
Loans secured by pledge Of bonds
and stocks. cks...................... 1,7s7,soo co
Amount of loans secured by first
mortgage on real estate ... 327l2 4so 03
Amount OF bonds market value. lO7 ,l99, ,s2i 81
Amount of premium notes Oh
policies in force .................... s7e,59o o.
Amount OF interest and rents due
a.s aud accrued ........ 1902 1886 SO
Uncollected and deferred prem
iums s................................ 4,8545s7 e5
Total Assets ... .........s I'D, ,791, 800 81
H. LIABILITIES.
Total olicy.claims .............S 1885, ,412 95
Net present value OF all outstand-
ing policies. 14 14O,656 w
| Amoun ofall other existing claims
against the company y........... 1.656,243 10
Surplus on policy holders account 2i,038.67 "
Total Liabilities .............s 1871 500 81
| Amount of invested assets Dec. 81,
ioV,9lou9o %
IV.INCONE 1895.
| To.a! new premiums received.....S 6.207 ,O4247
Total renewal premiums. "a, lot. 10y II
AZ. uct premiums paid other COM
Danies for reinsurance S54.-
l3O 73 leaves net premium III
come 5U,oic, tol IL
! Amount Of interest and rent recei-
we'd from ali sources ........... 7,54a.dl II
sources ........................ $1,000 90
Total Income me.....s 81, ,s92, 265 81
Total .................S Sl8s, So. .36l L
| v EXPENDI rURES DURING YEAR 1895.
| Amount paid fol- losses and endow-
mem,s. ............s 1o.7l9,47s 81
Other amounts paid policy holders 6,c4a,e53 %
! Amount Of commissions and
| salaries paid TO ugents........-. 423a.935 II
| Amount paid to officers, clerks, eX-
amners and inspectors Tor
salaries and other perquisites l.1b, $50 ~
Anonnt paid for taxes, licenses
Amount un ''i.iaii Of all other payments 80
and expenditures. l,49!,o93 t.
Total Expenditures .......S "a 663, ,O55 Is
Balance ........................S 161, ,l44.3t5 y
VI MISCELLANEOUS.
| Whole amount Of premiums Teceiv-
ed III or from the state OF
South Dakota during the year
1895 ACKNOWLEDGEMENTS 6l,s,e 6l
Amour, paid tor losses in south
Dakota during the year 1870. 20,9s3 61
| Whole number OF policies issued
during year in South Dakota
NEUTRALITY-SUSPICIOUS.. IbU
Amount of insurance effected
thereby ACKNOWLEDGEMENTS. 3Sb,oJO W
Total amount Of risk outstanding
in this state - ........ 2.3il ,o2a GO
State Of New York, county Of New York IS.
John A. Mccall, president and Charles 6
Whitney, secretary of the New York Life lnsur-
anee Company being duly sworn depose and
say that the foregoing is full, true and correct
statement Of the affairs OF snid company, and
they the above described officers OF said In
surnnce Company. JOHN 4. MCCALL
CHARLES G.. WHITNEY President.
Secretary
Subscribed and sworn to before me, this 10th
day Of January, 1896
II DEL RANDALL.
[sEAI.I Notary Public
The state Of South Dakota. ONCE of state
auditor, department Of insurance
Company's certificate of fauthorlty.
Whereas, the New YORK Life Insurance Co,
a corporations organized under the laws Of New
York. has filed i'll this Office a sworn statelnen
exhibiting its condition and business tor the
year ending December 81, 1885, conformable 70
the requirements Of the laws OF this state
regulating the business Of insurance and
Whereas, the said company has Med in this Of
flee a duly certified copy of its charter, with
certificate OF organization, in compliance Win
the requremen OF the insurance law aforesaid
Now therefore, l, J. Nipple, auditor Of the
state Of South Dakota. pursuant TO the provision.
named company is fully empowered through lis
authorized agents to transact lis appropriate
business Of Life Insurance in this state, accord
ing 10 laws thereof until the 3lsl day OF Decem-
ber. A. d. .AaG.
In testimony whereof have herenn,o set my
hand and seal Pierre. this 3n,h day OF January,
A d. 1896. +. NIPPLE,
I (syAL Auditor, 2SMs