The herald-advance. (Milbank, S.D.) 1890-1922, 1904-04-22
ANNUAL
EsNT
For the year ending December 81, A. D.
1903, of the condition and affairs of the
MUTUAL LIFE INSURANCE CON-

OF New York. Organized under t
of New York, made to the Comm
of INSURANCE of the State of So
kota. i'm pursuance of the laws
State. President, Richard A. M
Secretaries, Nm. J. Easton ans
vile NJ. White. Principal OF
Nassau street, New York, N. :
torney for service of process
State of South Dakota dnfOrmat
nished by Commissioner OF ms,
Incorporated, April, 1S42. Com
business. Feb. 1, 1S43.
ASSETS OF THE COMPAN
Book value of real estate. $34,3l
Cash on hand in its office IS
Cash on deposit in bank
and trust companies on In !.
Teresa $<,f.
Agents balances and sus-
pense La
Book value of stocks and
bOiidS ........ lSo,Ot
Amount of loans secured by
first mortgage on real eS-
tate SJ,<<
Amount of loans secured by
pledges of bonds, stocks,
elt ......, lf,-I
Market value of bonds and
stocks over book value. 1864
Loans made to policyholders
on this companv's policies
assigned as collateral.... 1892
Cncollected and deferred
premiums tnet) ........... DOB
Amount of interest and
rents due and accrued. 49,. 2,96
Total gross assets. ....... .s403.31
Deduct assets not admit
ted:
4 oantS' lnhit hal.noaS ~
Suspense %
Total assets .$4O1, 50
Net eserv 1886, "a
Amount of losses in process
OF adjustment or adjusted
u not yet due. ......,.. 1,4b
Amount of losses reported
and no proofs received. H.. 4
Amount OF claims for losses
resisted 3
'ihlrnS tor matured endow-
ments due and unpaid mot
yet presented 30
lpue and unpaid on an
hultN claims .............. II
Premiums paid in advance. 36
Dividends and profits due
poilcNhOlderS ... Is
Present value of
not yet due on supple
mentarY contracts ....... 100
All other claims. .....,..... 81 30
Total liabilities .S4O1 80
INCOME DURING THE YEA
Total new premiums re-
celNeu ........... Slo,1O
Premiums received on re-
.newalS Observation-Disclosures. 44.64
Consideration for supple
mentary contracts not in
volving life contingencies. is
Amount OF interest and
rents received ........... 1921
profit on sale or maturity
of ledger assets. .......... Z.
Total income ..,.......... S77,3:
EXPENDITURES DURING I
YEAR.
Amount paid for death
claims and additions..... $3.50
Amount paid for matured
endOwmentS and additions 4,6,
Amount for annuities in
volving life contingencies. II.
Surrender values ........... 3,M
| Amount or dividends to
policyholders ............. 20:
Paid for claims on supple
mentary contracts not in
volving life contingencies.
| MeQ1caI examiners ices ana
inspection of riskS........ x
Amount Of commissions and
bonuses paid to agents.. 81.
Salaries and allowances for
agencies. managers
gents. La
| Amount paid to officers for
salaries and other perquis-
ties d~ncluding home office
employes) o.
Amount paid for taxes,
rents. advertising. postage,
printing, legal expense. 2.OS
Furniture. fixtures. license.
department fees. taxes on
real estate 1,24
Amount of all other pay
ments and expenditures. los
Total expenditures $4S.S 80
COMPANY'S STATEMENT OF
NESS TRANSACTED IN THE
OF SOUTH DAKOTA DURING
YEAR.
Whole amount of premiums
received in or from the
State of South Dakota
during the year .......... S12
Amount paid for losses in
South Dakota during year .
Policies issued during the
year tpaid for businessl... 1,O1