Judge — February 13, 1897 — page 12: what you’re looking at

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

THIRTY-SEVENTH ANNUAL STATEMENT OF THE EQUITABLE LIFE ASSURANCE SOCIETY OF THE UNITED STATES, FOR THE YEAR ENDING DECEMBER 31, 1896. ASSETS. Bonds and Mortgages..........006+ $32,021,426.97 Real Estate, including the Equitable Building and purchases under fore- closure of mortgages. United States Stocks, State Stocks and City Stocks and other invest- ments, as per market quotations Dec. 31, 1896 (market value over COSt, $2,796,862.63)......,0ceeeeeee 113,077,465-66 Loans secured by Bonds and Stocks (market value Dec. 31, 26,088,242.94 1896, $14,738,055). ++ 11,723,700.00 Real Estate outside the State of New York, Jacluding purchases under foreclosure and office buildings..... 16,670,386.37 Cash’ in Banks and Trust Cotapaaies at interest.. 11,262,939.63 Balances due from agents 632,697.20 Interest and Rents due 518,896.58 Premiums due and unreported, less cost of collection........ 66 cesses 2,578,037.00 Deferred Premiums, less cost of col- lection ». 2,200,155.00 Assets Dec. 31, 1896... $216,773,947.85 We hereby certify that, after a personal examination of the securities and accounts described in the foregoing statement for the year 1896, we find the same to be true and correct as stated, The stocks and bonds in the above statements are valued at the market price Decem- ber 31, 1896. The Real Estate belonging to the Society has been appraised by the Insurance Depart- ment of the State of New York, and i: ted at the reduced valuation as shown 1n the official report of the examination of the Society, dated July 9, 1895, FRANCIS W. JACKSON, Auditor, ALPRED W. MAINE, and Auditor. LIABILITIES. Reserve on all existing policies, calculated on a 4% standard, and all other liabilities....$173,496,768 23 Surplus, on a 4% standard....843,277,179,12 We hereby certify to the correctness of the above cal- culation of the reserve and surplus. Dividends will be declared, as heretofore, on the basis of a 4% standard. GEORGE W. PHILLIPS, Actuary. J. G. VAN CISE, Ass'etant Actuary. INCOME. Premium Receipts ...... .ssseeeecee $36,089,357.73 Cash received for Interest and from other sources. 8,921,700.67 oa $45,011,058.38 DISBURSEMENTS. Death Claims.............0. 5 wsneee $12,380,249.00 Matured’ and Discounted Endow- ments.. 1,096,193.24 Annuities .. 410,793.31 Surrender Values. 3,582,301.09 Matured Tontine Values. 2,041,970.20 Dividends paid to Policy-Holders 2,425,932.65 Paid Policy-Holders ........... $21,937,439.45 Commission, advertising, postage and 4,330,268.30 All other payments: Taxes, salaries, medical examinations, general ex- Penses, KC... ceeeeeceseee ceceeee 3,736,714.26 Disbursements.............6 .+. $30,004,422.01 ASSURANCE. INSTALMENT POLICIES STATED AT THEIR COMNUTED VALUES, Outstanding Assurance Dec. 31, 1896. --$915,102,070,00 Now Assurance written in 1896 $127,694,084.00 Proposals for Assurance Exam- ined and Declined.......... $21,678,467.00 ‘We, the undersigned, appointed by the Board of Di- rectors of the Equitable Society, in accordance with its by-laws, to revise and verify all its affairs for the year 1896, hereby certify that we have, in person, carefully examined the accounts, and counted and examined in detail the Assets of the Society, and do hereby certify that the foregoing statement thereof is true and correct as stated, z. 8 Comm T. 8. YOUNG, W. B. KEN! ee tbe Board oP BOUDINOT COLT, { B. DALL, G. W. CARLETON, H. J. PAIRCHILD,) — Directo OFFICERS. HENRY B, HYDE, President. JAMES W. ALEXANDER, Vice-President. LOUIS FITZGERALD, Second Vice-President. GAGE E. TARBELL, Third Vice-President, GEORGE T. WILSON, Fourth Vice-President. EDWARD W. LAMBERT, Medical Director. THOMAS D. JORDAN, Comptroller. W. ALEXANDER, Seeretary. $8. D RIPLEY, Treasurer. J.B. LORING, Registrar. EDWARD CURTIS, Medical Director. comicbooks.com