The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1905-02-11
PROGRESS 20 f A Natl oN ALst3 IN Tl'
" q $S T UTl O
SEnormo Gus: Fleures5 Dealt In BY the Pru-
dentIa OF Newark ----Long List Of
titx Il ioh. G rade Assets. lals!Ial

Is The twenty-ninth annual statement Of
The Prudential OF Newark, N. j., which.
is published on another page, shows the
company to be stronger financial and
in public confidence than yer lie FORE
The year 1904 Is reported to have been
one 8of unusual gains In every depart
sment #of the icompany's business. The
company issued and paid for lll$neW In
surance during the year yer 312 mill
dollars, ID which Is the largest Of any
single years results III the company's
history. & The number Of poll ...es in force
has been Increased by over 500 thousand, q
bringing the total number Of polict
in force up to nearly six mi The
total mount OF insuran ces q < Ia over
ICY holders, 4 The Prud en- tjal has main
tanned and surpassed Its records for lib
crafty. \ During the year The Prudenttal
sniid to policy holders over 10 million
dollar rs, NV le since the organiz ton Of,
the company the total plylnen &t9t Il
tprolicy holders have been over % million
dollars, One Interesting feature hrought
out in tho statement lathe fact thlat y
cash dividends and otller@, ooncessl 81
The prudential has paid to holders Of
Old IS policies over i've million dollars
When changes arc made In policy con-
trnc at 3 or rates which result III increased
liberalIty ia the insured, The Prudential
always makes such changes retroactive,
wherever It Is practicable to- do SO, and
tho above payment Is the result OF TINS
well deemed policy on the part OF me.
company. "a u y. d Y
SThe financial statement itself Is 4 1ln-
usually clear AMI canvinci rs. The COM,
pnny,s assets have Increased over sixteen
million dollars, making total amount Of
assets over lightweight million dollars.
rhe analysis given IN the statement shows
these assets to be of$the highest grade !;
for instance, $l5600, 900 has been loaned
on 8, 500 first liens on property valued Z
owns over twelve milllon dollars Of srea J
estate; Il over twenty-seyell NIL Ion dollars
II az railroad bonds !; oyer ten million dollars
az municipal and miscellaneous bonds and
uuued States government bonds, and over
four million dollars of nat lpnnl bA MS md
trust company stocks, Tlle total cost o. 2
NIL tho bonds and stocks was Wv W y
nnd MS these now haye.a nlafke,t,s ytlp e. g
Increased in value since their purchase
~ sf more more than 4s0ON, Oyer 80 SOC, goo
/ "a sh was held on January lat In 259 hanks
md trust companies tlropghout the
united States aud In the office, Q f which
s6,i54,0 was drawing Interest and SO
actually constituted nm Investment Th M
was loaned on collateral secll les g bb'' Z
100, these are approved bonds and stocks
whicl, have ~ market value OF s7h4a a22?:,
that tho margin Of security here af,
y forded Is over slsS4,ou}. /, I, {
One Of the safest and most pro'ltable
to q lfa INSURANCE eon'-
papy consists of loans to its oTn policy
holders, on the security q their policies.
The statement shows ", t27 ,asp loaned ~
this way protected by a reserve va lHe nf
s4,4s7, sOs, thus affordlng ample security.
Nearly fscyenty-four nill!an dollars is hFla
MS reserve BY the company to proteet
II,olicy contracts. and the assets lnnlNde
4 surplus to policy holders of sl3, ss5- 49,,
tThe complete soted ple aff < bonds pwnccfls
~ The Prudential shows BE ,ssr!lr;Sigs
THO statement Is al, unIs sat isfapttti;s
ono 10 the company and Elts pQlleyI hold9yg,