New-York tribune., 1905-07-28

NJ --.-s- COMPANY. Exari1aftonL
MarxsT ss1 go s714 sas @ s65Ii .
goIley debts :to-...... 1sss59s iS 1919 3
E R[eh9.un notes 232T3s % Z555Ss %
Cash In banks and ofics... 7SS92S a. 2SSdss %
Cash with collectors banks and
Interest fsn;i da. and ac- 'SS1' 80 ia 80
Dss s':s sae d:i:. s.s s. .o5ss :: .o.ss:
S.oa, assets go s5.sas.87s IS s5S7ass4 /;
eas cnh nsssi sass not ss5 sss s 90
S.lgs not aai;ssd proofs s42o 81 a5ss .
Hsass secured 2sadnE appssi 1s4 s1s . Is4sls
Prsnniurns paid IN advancs--.--. 75s 05 $50
Net Increase. s7.S62 IS '''' -
6s. das ssaNat0I dTs4 thsgsfqEs ssovs Of
enan did the companys statement
assets. with relation 70 offsets against stat7tory
reseFvs rt S Liability attention Is called the state
In the last examination OF the company. as Of De-
" IN all reports the company has since made R
fss fssso9 bf. o. tbs Ghanse close saleaaoa shows
The the rule srnploysa at the last examination would
thus. therefore,:
Excluded By change In %
ssi40sa 81
Les. ,aGIssss made b szalaiaars IN
credit aSssts-'- l01.S9T So
Net S5oSsif
Differences tISSls ~
Noting the reference to the sinking fund on az
tfo- bos o5o-teS' s0 J slI~e EelncOIPo4
IN valuation @ corrssoad % % sspTsd poroa aG 5.
as OF December 81. 1901. at ss2Ss1 . The annual
down 70 sass SIS at The close Of IsS4 The .ersass
In real estate valuation and the deductions from
company or policyholders OF one cent OF assets or
va value; They simply change. for the time being
statutory naolnCes-
s69s eopnS SSS Sss suT paa h' n ss oB @ m
claims Goz714 &c. Full information Is given as to
Information has never before to our kHowIsdgs
9eea compiled or published BY any department re-
an anesaton that one OF these claims was I'M
longs TO the branch OF the business had
S Shs company paid amounts not legally OF justly
pay sddi55nal assessments therefor The nanags
uniIss caas Is 70 protect living members sgans:
seeing that all Just claims are paid
opinion expressed by the examiner that thers Sas
zen essn unusual or unnecessary delay IN approval OF
snss ms Hsf wsrs % the fset TheEs is howsver not
that under assessment Contracts CAIN for asses
me9ts men 20 meet approved claims. losses could bs
contracts. For this Very reason provision IS nlsds
face Of Claims. ana bs SnGs o1s - per cent Or tss
and without waiting for formal proofs OF death
sasrns ne9rTsd % 6s sensssrie assumption OF any
ont sssaay decrease n aoqne q death claims
reports Not dollar OF these Claims Uneaid Tan-
terms OF the contract
Where the premium Is paid IN advancs IN Hsu
OF Dy asSessInent after approval payment of claims
can De far more promptly made. One-thfrd Of al
GAINS under legal reserved policies (the culy
form OF policy now issued) had been uaad By ths
company within ten days OF receipt OF proof.
lore than ov per cent had been paid within less
than thirty days OF receipt OF proof This dffer-
ence Is the difference OF the systems and OF The
method Of collecting preraiurns and 1or a Sirsr-
ence In the method OF treatment OF claiuiants.
The examination verines the statement made BY
the company at the end Of the year Every changs
IN assets. save one. shows Increase, and ths Ge-
crease IN that one IS due 20 the increased
aEsm or the Department. In valueinx real estats
Every one knows that there has bSen no decrease
n Nsw-York City real estate values IN ths last
three years The change IN liabilities Is less than
traced 20 the greater accuracy that obtained
ten days after
Following the rules used IN ISra By ths depart
nent for the Determining OF exceSses and the
,al vslue or real estate the surplus December 81
from that reported Is but N2Tl3 OF whlch s. Ss IL
due TO changes In liabilities. leaving net d.rsncs