New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1909-09-25

both companies and poicyholders.
In presenting TO the polcyholders last Janu-
AIRY record of the company's doings and
achievements during the year 1905 Mr.. Ide gave
in the following words evidence of the charac-
tcristics just mentioned:
life insurance companies under the con-
trol ana direction Of the various states in which
they do business. and subject 10 such taxes
the states may impose. These taxes are not
levied for the maintenance Of the insurance de-
partments; they for the purpose Of revenue
Every cent 50 paid comes from the loading or
margin the premiums. ara leaves just so
much less to be returned 20 the insured in the
form Of dividends. The pocybolders pay the
tax. This burden can be lightened IL the policy
holders. through their representatives in the
state Legislatures. protest against the injustice
If the present laws"
Next 10 Mr. Idc probably the most notable
figure in association with the Home Life Is
William \. Marshall n vicc-president and actu-
airy of the company. who. in April. completed
forty three years Of active and continuous SER
vice with it. tie is credited with possessing a
greater actuarial knowledge than any other man
to-day connected with the insurance business.
Tie has served under every administration Of
, the Home Life has been a vital factor In bring
ing il to its present efficient and admirable
dition and has been instrumental in the general
retirement OF inc insurance NoElu- II WIS tie
who chiefly created the Homes special guaran-
tee AMI divde nj endowment ToIices and origi-
mated the distinct account kept with each poll
icyhclier as well as the plan. later To be ex-
planned. 10y which accumulated dividends are
carried as an absolute contract liability.
Even although company came out Of the
scathing insurance investigation not only with
it's name untarnishcd but also with an official
Endorsement of It's methods. one would not have
been astOnishcd &c see 4 temporary falling of in
the volume of its business. Such was not. how
ever the case with the Home Life. but il was
the only company Of its class. with one excep-
ton. that gained In insurance during the year
1905 The Home gained during that period
S.. 175.(O0. and its paid-for new business amount
ed to $9.;;iG.oOO These figures are astounding
when it is realized that the only other fortunate
company gained but $1.5UOOOO while one of the
world famed New York companies during the
year named lost in insurance In force Sill 500 600
The total assets OF the company are now
ST.. TOS.OOO. an Increase Of $1.70iOG0 over those
of last year. The actual value OF its securities
has risen in the period to the extent Of
approximately 100000 The surplus Is now
$1.237.117. an increase of $i61. 142. The net
profits OF the year. after paying dividends to
policyholders amounting TO S2S9OIT. were
s2.I6 1O3
IucSe HSUrCS Indicate the cOmpIny'S long
record OF square dealing. 1t is an organization
that was built upon safe and sure foundation
and its healthy and vigorous past gives a nat
ural promise of brilliant future That IL fur
nishes absolute security to its pOlicyholders Is
shown by its already mentioned assets OF moro
than $2lOO0OoO invested In high grade securi-
ties. nearly half of which amount is represented
BY stocks ID bonds that are readily convertible
and now yield good return in interest
The business In force amounts to 100000
from which an annual premium income of about
S".'OJ.oCO Is derived by the company. This in
come is further Increased by more than a million
Il OF interest on invested assets The poll
clcs issued by the company participate I'm sur
plus earnings. and are issued at premium rates
that are unusually low for contracts of such a
liberal character. But even with these low pre-
miums sui stantiai and satisfactory annual diyi-
dends are awarded policyhoIders. the chief prin-
clple forming the basis of which action Is prob
ably the fact that friendly holders of policies
are company's best advertisers
Among the many unique features OF the Home
is that its method OF keeping accounts diners
from that of all other companies Its deferred
dividends are provided for by a fund appearip-
In its statement as an absolute liability. The
value of these deferred dividend accommodations
was at the close OF 1900 ~a36.3s At the close
of 1900 it had become $1.4539O7 and in Decem-
Der last II amounted to $197O l6} II Is true
OF course. that almost all life insurance comma
MES have funds of a character similar to this
but In no case does this fund form. I'm anv
sense. contract liability. 1t u.s. in fact. a CON
tlnsent reserve. merged in the general contin-
genoy fund and subject to increase or decrease
at the will of the company. With the Homo
alone is the surplus actually what the term
implies