New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1901-07-10
Successful LIFE INSURANCE.
NINETY SIXTH sEMI-ANNCAL REPORT OF
THE HOME INSURANCE COMPANY
OF NETWORK.

Many Insurance companies have appeared for
tine in the business world in the last fortyeight
years. Some have died a natural death. dissolved
by the consent OF the stockholders; have dis
played an extraordinarily rapid growth the
start but, like plants animals that develop too
quickly. have died young: some have decayed and
disin,egrated through lack of the vital spark Of
business ability 10 keep them alive. and yet others
have been wrecked through the ambition OF their
managers 20 acquire riches in a day. All these
vfoissitudes the Home Insurance Company Of New
York has escaped. Its record Is that OF success
full insurance business. conservatively conducted.
Perhaps a comparison of the par value OF the
stocks and bonds in which II has invested. with
their market value. will give the best idea the
ability with which its affairs conducted. The
par value Of its holdings Of stocks and bonds.
cording TO its ninety-sxth semi-annual statement
just issued. is s7.ss177e. while their market value
given by the statement is Sl1 ,03l 3O7 s5 OF all
its many holdings the market value of only few
Is less than their par value. while in several in
stances the market value is more than double the
par value. and IN some cases the market value is
three more times the par value.
Its list Of stock holdings includes the stock of
such corporations the Metropolitan Trust Com
psny. the Long Island Loan and Trust Company,
the Chatham National Bank the American Ex-
change Natiousl Bank, the Pennsylvania Railroad
Company. the United New-Jersey Railroad and
Canal Company and the Chicago. Burlington and
Quincy Railroad. of which IT holds three thousand
trustees certificates. In it's bond list United States
bonds, District of Columbia bonds. New-YOrk City
bonds. Ohio and West Virginia Railway Company
first mortgage bonds. New-York, Chicago and ST
Louis Railway Company first mortgage bonds and
Chicago. 81. Paul. Minneapolis and Omaha Rail-
way Company consolidated mortgage bonds appear
Altogether. its assets amount 70 ti4 4oS $50 %. OF
this 1885 II is cash in bank and 1888 lis 81
represents real estate holdings Its loans stocks
amount 20 s1l7.4eo. and bonds and mortgages TO
azs $50 Recently the company declared semi an
-usl dividend CT per cent. payable on demand
The Home Insurance Company OF Eew-York is
one OF the companies doing business under the
Safety Fund law Of this State. This law requires
percentage Of the value OF the policies they have
outstanding. and additional guarantee Of
safety policy holders. The company has accumu-
lated premium fund of s.714 s32. and has
net surplus OF g SIS g Its surplus as regards
policy holders Is IS COL SIS g.
Conservatism and q constant watch the in
OF it's policy holders have been the policy of
the Home Insurance Company of New-York. Its
ability declare per cent semf-annual dividend
!s guarantee that there is nothing wastefui about
directors are a bulwark against sceptcism. John
II. Wsshburn is the president, and Elbridge @.
Snow the viee-president. Areunah NJ. Burtis and
William H Cheney the secretaries. and Henry
Busweli are the assistant secretaries. Among the
directors are Ex-Governor Levi P. Morton, Cor
nelius " Bliss BENJAMIN Perkins, George II. Hart
ford Henry +. Soyes. Lucien c. Warner, Warner
Van Norden Dumont Clarke, James B. Van Woert,
John clafin. William F. Havemeyer and Cord
Meyer
showing such as is made by the Home Insur-
ance Company of New-York is of which its
officers and directors msy be proud, and is well cal
culated instfll confidence in its policy holders
only shows that the company is true TO its ira
Tiflcrs