Judge — March 2, 1889 — page 24: what you’re looking at

Machine-transcribed from the original scan — historical spelling and the odd misread are preserved.

JUDGE ANNUAL STATEMENT OF The Mutual Reserve Fund Life Association Home Offices, POTTER BUILDING, 38 PARK ROW, NEW YORK, i. B. HARPER, President, For the Year Ending December 31, 1888. Balance December 31, 1887 $1,472,200.49 INCOME. Admission fees received at home office . : : $439.25 Admission fees paid by members, but not received at home office ae pea 129,042 10 Annual dues ee eats 849,886.23 Advance Payments—Dues ‘ : 82.05 rs fee 32/08 ners’ fees paid by applicants, not received at home office VAY : 82,220.00 ry sti : 2,187/558 64 ry calls (France) ae oiae a 4,799.82 rges—Fees for alterations in policies i : eat : " (604.38 Interest- Dues account 2/00 Interest— Mortuary and reserve fund bond and mortgages. $83,476 68 Other sources 4,782.96 = 87,289.64 Total income F aa ‘ nes Ton 2,680,551.08 Total sevssees $4,022, 782.47 Death losses. $1,582,992 23 Assessments returned to rejected applicants aes 2,788 94 Special deposits repaid 4,346.04 Commissions and fees retained by, oF paid oF allowed to agents On account Of fees and dues |) mi : 107,744.41 Admission fees retained by agents, 129,042 10 Commissions paid banks and collectors, or allowed ‘for Collecting ‘assessments, Cost of levying ‘same ‘and a 78,687 30 exchange Salaries of managers and agents not paid by Commissions. ESS 28,050.00 Salaries of officers an 80,025.00 falaries and other Compensation of office employees 5 eye i 41.417 25 Medical examiners’ fees paid by home offic oils : : ‘6,293.80 Medical examiners’ fees paid by applicants. 2 82'220'00 Rent, $25,180.63; taxes, $10,612 13; advertising and printing, $47,887 20 83,000.00 Legal expenses, $4,324.20; iraveling expenses, $6,919 76; actuarial expense, $7,209.08; postage, $6,314.04; agency expense, $14,077.48; general office expense, $15,264.42; furniture and fixtures, $862.42...."..... DISBURSEMENTS. 84,762.49 40,601.45 Expenses in adjusting and settling $1,582,382 23 of death claims Total disbursements. om $2,068,998.65 Balance December 81, 1888 $1,083,768 81 NET LEDGER ASSETS. sof New York held by the Insurance Department, State of New York, and the Central Trust Company of New York $1,496,000 00 Bond, city of Si. Louis, gold, interest Bf, per cent z 1,000 00 Cash deposited with Central Trust Company, New York 142'570.55 Gash deposited with Bank of England, London, England 97,800:00 Cash deposited with National Provincial Bank, London, Engiand si 484.00 Eash deposited with Bank of Montreal, Canada deposited with Third National Banik, Boston, deposited with Fourth National Bank, New York deposited with Union Trust Company, Philadelphia Gash deposited with Continental Bank, St. Louis Gash deposited with Mercantile National Bank, New York. Eash deposited with Banque Ville Marie, Montreal Gash deposited with Societe de Depote et Credit Foncier, Paris Cash deposited with sundry other banks = Mortuary account $14,248.19 Special deposits and sundry accounts, Mortuary Department 8,808.53 Dues account 8,284.90 — 26,288.62 Agents’ ledger balances secured 68,482 75 Furniture and fixtures, ‘7,877 64 Total net or ledger assets. caanavenss sesareseenene cstarain : 7 * see $1,053,783.81 OTHER ASSETS. Interest due on securities $975.00 Interest accrued on securities. 13,051.88 Interest accrued on bank balances. : a 2,919:90 Bond and mortgage on improved property in the city fe a 16,946.48 Mortuary calls called and not yet due. ‘ $730,813 04 Mortuary calls due and unpaid December 81, 1888, actually received in January 200000... 86,886.86 $817,699.40 Mortuary calls—less estimated cost of collection 46,108.10 ————— 771,801.21 788,887.69 Total assets $2,742,201.60 Advance assessments $7,515 53 Bonds issued to class of 188i 66,067.68 Bonds issued to class of 1882 219/986.80 Losses adjusted and not yet due x 7 of 234.650 00 Losses in process of adjustment z ‘ aes 238;900.00 Losses resisted : ; i '23,000:00 Net present value of all policies or certificates in force December 81, 1868, computed as renewable term insur = ance for sixty days, actuaries’ table of mortality, with interest at four per cent... eae 428,778.00 Total liabilities 1,218,843.01 Net surplus r $1,628,448 40 The following officers were elected for the ensuing year President-EDWARD B. HARPER. 4 Vice-President—O. D. BALDWIN, President American Loan and Trust Company. : De AREER I gee Tate Presdeot Fourth National Hank : Secretary to Executive Committee—J. W. BOWDEN, M.D. Second Vice-President-NEWELL W. BLOSS. Director of Agenctes—WILLIAM MILLER. ‘Treasurer_CHARLES R BIRSELL Flected unanimously. but resigned: resignation Sapervisor of the Death Claim Department—JOHN MULLIGA: pted and HENRY J. REINMUSD elected Treasurer and Comptroller. c Messrs. TAYLOR and PARKER. ¢ Committee—Dr. 8. A_ ROBINSON Couvell Oficers—WARRING KENNEDY. Hon HeNRY L_ LAMB. Dr. DM. * CALDWELL. THOMAS P. BALDWIN, WILLIAM WITSON. STEPHEN 1 Medical Director_Dr. J, W. BOWDE: TYNG. W. i, HAYWARD. Ex-Lieutenant-Governor JOSEPH’ A. HARWOOD. of Massachusetts; E. D. JONES, Glasgow, Scotland; ISAAC H. SHIELDS; Assistant Medical Director—Dr. H. M. HITCHCOCK. Philadelphia, Pa. Ccomicbooks.com