The Mount Holly news. [volume] (Mount Holly, Burlington Co., N.J.) 1891-1942, 1905-03-21
PROGRESS OF A NATIONAL
INSTITUTION.

Enormous Figures Dealt in by The Pru-
Dental of Newark-Long List of
High-grade Assets.
The twenty ninth annual statement of
The Prudential of Newark, N. j., which is
published on another page, shows the
Company to be stronger financially and in
public confidence than ever before. The
year 1904 is reported to have been one of
unusual gains in every department of the
Compays business. The Company issued
and paid for in new insurance during the
year over 312 million dollars, which is the
largest of any single years results in the
Company's history. The number of
policies in force has been increased by over
800 thousand, bringing the total number of
policies in force up to nearly six millions
The total amount of insurance at risk is
over one billion dollars. In payments to
policyholders, The Prudential has main
tanned and surpassed its records for
iberality. During the year The Pruden.
tial paid to policyholders over IS million
dollars, while since the organization of
the Company the total payment to its
policyholders has been over 90 million
dollars. One interesting feature brought
out in the statement is the fact that in
cash dividends and other concessions. not
stipulated in original contracts, The Pru-
Dental has paid to holders of old policies
over million dollars. When changes are
made in policy contracts or rates which
result in increased liberality 10 the in
sured, The Prudential always makes such
changes retroactive, wherever it is practica
bic to do so, and the above payment is the
result of this well-defined policy on the
part of the Company.
The financial statement itself is unusu-
ally clear and convincing. The Company's
assets have increased over Is million dol
lars, making total amount of assets over
So million dollars. The analysis given in
the statement shows these assets to be of
the highest grade; for instance, $15, SOC, 900
has been loaned on 3, 800 first liens on pro-
perty valued at over 40 million dollars.
The Company owns over IL million dol
lars of real estate; over 81 million dollars
OF railroad bonds; over 10 million dollars
of municipal and miscellaneous bonds and
United States Government bonds; and
over million dollars of national bank
and trust company stocks. The total cost
of all the bonds and stocks was $40. 697.-
$40 A, and as these now have a market
value of $40, 12S, 567 81, it is shown that
they have increased in value since their
purchase by more than s., 430, 000 Over
So, 800, 900 cash was held on January 1st
IN H0S banks ana trust companies through
out the United States and in the office, of
which So, 154 900 was drawing interest
and so actually constituted an investment.
There was loaned on collateral securities
So. 665, 100; these are approved bonds and
stocks which have a market value of ST.
$40, 1922; so that the margin of security
here afforded is over 81 1884, 000
One of the safest and most profitable
investments to life insurance company
consists of loans to its own policyholders,
on the security of their policies. The
statement shows 50, 427, $50 loaned in this
way, protected by reserve value of
81, 427, POS, thus affording ample security.
Nearly "A million dollars is held in re
serve by the Company to protect policy
contracts, and the assets include surplus
of policYholders of $13 1926, 1856. 80. The
complete schedule of bonds owned by the
Prudential shows the securities to be of
the highest grade. Altogether the state
ment is an unusually satisfactory one to
the Company and its policyholders
WASHINGTOS.
Low-Rate Tour via Pennsylvania Railroad.
March % is the date on which will be
run the next Personality Tour
of the Pennsylvania Railroad to Washing