The pioneer press. (Miller, Hand County, S.D.) 1893-190?, 1903-04-16
ANNuAL STATEMENT
For the year ending December 81. 1902,
Of the condition and affairs OF the
Mutual Benefit Life Insurance
Co. OF Newark.

Organized under the laws of New Jersey.
made TO the Commissioner OF Insur-
ance OF the State OF South Dakota. In
gspSaSe Of the laws o. s@id state
Vice President. bloomfield ]. Miller.
Secretary. Edward l.. Dobblns. Princi-
pal office. No. 7o2 Broad street; Attor-
ney for service OF process In the State
OF South Dakota. Information furnished
by the Commissioner OF Insurance. Or
ganized or Incorporated Jan; 81. is4a
Commenced business April, lS45.
CAPITAL.
Amount OF capital stock. ....... Mutual
Amount OF capital stock actually
ASSETS OF : THE coMPANY.
The value OF its real estate Is S3,055, 69327
Mortgage loans on real es-
The cash on deposit in bank
is ...........', ............. s34.535.3I
nee ............'..-.... 5,l9sls
The cash in hands Of agents
and In course of transmits
Par of stocks and bonds
owned by company, exclud-
Ing interest ............... 1891 Beast
Amount OF loans secured by
first mortgages on real es-
Loans made to poiicyhoid.
ers assigned as collateral
or secured by terms Of poll
Amount of loans secured by
pledges Of bonds, stocks,
Agents debit balancess.!'....... vvoo
Market value of stocks and
bones over par ............ 1885 5000
Agents debit balances. 24694.24
Amount OF premium notes on
policies in force. .......... 4711.527.7s
Uncollected and deferred pre-
miums (neD .....":......: ess.2O2.s7
Amount of interest due and
Deduct agents credit bal.
ances .............-..... l.4el.es
agents debit baiancesJ.... 24.6944
Total admitted assets $50 500. 0s1. %
LIABILITIES.
Amount Of losses in process
Of adjustment or adjusted
>, but not yet due .....:...,. 152.5eo.s7
Claims for matured en-
dowments ...,............... 4.4ss.n
Amount of losses unadjusted ...........
Amount of other claims. $50. 291, 90
not yet due ,............... 167.12494
Amouht OF diVidends unpaid S3o, 23S.05
Amount OF all other existing
claims against the com
pshS ''s'....,............. 729, 759. 10
Total liabilities SIG 17s. a0O ~
Gross divisble surplus. 80. 6630.O7l.49
Total ..................... $50, 500. O31 02
INCOME DURING THE YEAR.
Amount or cash premiums
received on new policies.
no expense deductions -. si.5ss.1e22r
Amount of cash premiums
received on renewals, no
expense deductions ........ s.ee1. 1910
Amount of surrender values
received applied to pur-
chase OF paid-up Insurance.
and annuities ............. 11,600O0
Annuities ..,............... 236.977.23
Icy holders ................ 1.4so.oes1s
Amount Of interest and rents
received 80. .,,............. s.s5s.9O1ss
other sources .......,L.... 1317429
Total Income .. SIS, sos. 0lS.54
EXPENDITURES DURING THE YEAR.
Surrender values .....,.... $1,34s,005.H
claims and additions $50. 4.s57.191
Amount paid for matured
endowments and additions. 1.o4s.eG4os
Claims paid ............'.., 15.aOo91
Icy holders ...s..s.....t... 1901. 22sos
Amount to stockholders -. ...........
Amount OF commissions and
and agencies .,s.......,..., 1.243 4s7.ss
home Office employees for
ties NEUTRALITY-SUSPICIOUS., V'a r 275oozss
Amounts paid for taxes.
rents advertising and de-
partmeut fees ............. 4S4. IOl.05
Amount of all other pay
ments and expenditures. 594,2O4s2
Total expenditures .S11 1877 ISL .08
CoMPANYs STATEMENT OF BUsI-
NESS TRANSACTED IN THE STATE
or SOUTH DAKOTA DURING THE
YEAR
who's smount Of premiums
received IN or from the
State Of South Dakota DUR
ing the year .............. $10.737.04
Amount paid for losses in
South Dakota during year 100000
STATE or NEW JERSEY. COUNTY
OF Essex-ss.
Frederick Frelinghuysen. President,
and seward l.. Dobbins, 5ecretary of the
Mutual Benefit Life Insurance Company,
being duly sworn, each for himself de-
poses and says that they are the above
described officers of the said Company.
and that on the thirty-frst day OF De-
cember last all the above described as
sets were the absolute property of the
said Company free and clear from any
liens and claims thereon. except an
above stated. and that the foregoing
statement with the schedules and exc
plantations herein contained, annexed, or
referred to, are full and correct exhibit
of all the assets, liabilities, income and
saElx,. a