The sun. [volume] (New York [N.Y.]) 1833-1916, 1905-04-13
NeW=YOrk Life
Insurance Company.
Special Report Of Executive Committee.
To The Board Of Trustees
New York, April IL, 1905.


the anniversary which this meeting marks your
Committee respectfully submits the following reflections:
Exactly sixty years to-day namely April H. S4S the Board OF
Trustees Of the Nautilus Insurance Company (which became the
Life Insurance Company by Of the Legislature in lS9
for the first time.
The anniversary meeting appropriately observed
and proper record made in the minutes Of the Board
The Officers Of the Company preparing celebration Of the six
eth anniversary that first meeting BY Convention which include
program covering appropriate action by this Board by the
Departments Of the Home Office and by representatives the
Company's field the world
Committee deem proper Notwithstanding the entirely adequate
and appropriate celebration which is to call attention briefly here
and the work accomplished by the NewYor Life Insurance Com
pany during the past years.
The first half century the Companys existence closed period OF
Beginning substantially without when life
in this country in the experimental stage the Company
steadily through financial Panics and the oes OF Civil war until
OF fifty years Of the leading life insurance companies
eth anniversary recorded with satisfaction and
pride that its total net income over S36OOOOOO per
S5OOOOOOO in force S6OOOOOOOO
present administration had been office three 1t
necessary here n review th circumstances which preceded and accom-
panied Augustine Mccall the Presidency of this
Company sufficient notice that notwithstanding the ComPany
brilliant that date notwithstanding It's abundant soVeney
strengthen that part its organization which touches the public
whence substantially all the elements OF growth in life insurance.
the Company which confronted President Mccall
akin that Of reenng organizing il new basis
supplying with new and modern weapons changing us a ana GILL
time pursuing victorious march through an enmy
country Ten when the half century was reached the Company
midst Of this struggle and of these changes
intervening time Company has only been made
over has achieved which, both in
extent and in character has probably surpassed history
Of business securing in the relations between the
Company field force the internal machinery office equipped
carry easily almost unlimited burden in the attitude OF the
its constituent members and large degree in its
pOcyhod money, the past years
placed NevYok Life Insurance Company class by itself AS
which append the results the labor Of the
years exceeded those of the previous fifty follows
In income $l6O,S301Os
In amounts paid to poicy-holders, SIS 100000;
In assets accumulated $66,636,7lS;
In gain in insurance in force, S3O2,OOOOOO;
xeth year that the eth by
100000 OOO ~
n.oy..n. $50
is;S7!iSS ;:s.:1sscS sss,s;isSS
yeaol period 'sA'l'so eS9ls7a's 'o'O7ssS'
We therefore, congratulate Officers Company
that they have faithfully and brilliantly executed the mandate received
far-gd wisdom which
na1 1d e a, R s snns have given u
egIgy sd wnE S stunt G to n fn6n O the
they have brought large experience and judgment That
sitting opinions and the sharpening of minds brought about by full and
consderate discussion in the Committee
in outline fifty years glad
the period from 1895 to 1905 inclusive In this way the Company gathers
nsnt the story Board Trustees and Of the Executive
glance at the rapdty with which the membership this Board
changes will show the PrOpHe and mPevness Of this record OF
oy Sres are living Of the %en 9o Us 4 Pese S
made up the Board ten only twelve living to-day OF the
history this Board and the Executive staff history
and Of the uncertainty Of life, which prime
insurance problem.
record increasing responsibility in the
business which omprehepds civilized
activities and includes the and preservation
money which promise in their totals anything
entrusted by the people any body OF
In OF government and the modern
genuinely useful institutions the people
problem facing this similar corporations TO CON
affairs that the people who it shall believe
because corporation and Of size
problem lies the highest future usefulness OF this Company Therefore
commend the policy Of ledger believe the
supron commend which information when sought
promptly pochoders especially form
which exhibit the Companys standing
We recognize long advance already toward the ideal by P
Mccall the beginning Of his administrations
yhoder by the pocyhoders and for the poyhoderS
We believe that everything pertaining Company to-day promises
approach that ideal and therefore, and
usefulness