Life — February 15, 1883 — page 16: what you’re looking at

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

iv. Tue EoulraB_e LirE ASSURANCE SOCIETY, 120 BROADWAY, NEW YORK, ASSETS, - - - $48,000,000, Having declared its policies, over three years in force, to be INCONTESTABLE, announces that all such incontestable policies will be paid at matu- rity, without rebate of interest, immediately after the receipt at the Society's office in New York of satisfactory proofs of death, together with a valid and satisfactory discharge from the parties in interest. HENRY B. HYDE, President. JAMES W. ALEXANDER, 1st Vice-Pres't. SAMUEL BORROWE, 2d Vice-Pres’t. WILLIAM ALEXANDER, Secretary. POLLOCK & BIXBY, BANKERS and BROKERS, No. 25 Nassau St., N.Y All issues of Government Securities, Bank Shares, Rail- way Stocks and Bonds bought and sold on commission or carried on a margin. Special attention given to Invest- ments, Interest allowed on deposits. WILLIAM POLLOCK, Member of N.Y. Stock Exchange. ANDREW J. BIXBY, FAIRBANKS’ STANDARD SCALES. PRINCIPAL WAREHOUSE, FAIRBANKS & CO. NEW YORK. ‘Reserved for premiums paid in advance. . LIFE THIRTY-EIGHTH ANNUAL REPORT OF THE New York LIFE INSURANCE Co. OFFICE, 346 and 348 BROADWAY. JANUARY 1, 1883. Amount of Net Cash Assets, January 1, 1882, -- +--+ - see + - REVENUE ACCOUNT? $45,130,006.86 red Less interest accrued January 1, 1882. DISBURSEMENT ACCOUNT. Losses by death, including Reversionary additions to same. Endowments matured and discounted, including Reversionary additions to same Annuities, dividends, and returned premiums on cancelled polcie. Total paid Policy-holders ‘Taxes and re-insurances.... Commissions, brokerages, agency expenses and physicians’ fees. Office and law expenses, salaries, advertising, printing, &e,.... ASSETS. Cash in bank, on hand, and in transit (since received). Tovested in United States, New York City and other stocks (market value, $19,989, 800.88 ‘eal estate. Bonds and mortgages, first lien on ‘real estate (buildings thereon iosured for $17,950,000.00 and the policies assigned to the Company as additional collateral security ‘Temporary loans (secured by stocks, market Yalue, $5,191 139-30) *Loans on existing policies (the reserve held by the ‘Company o 961)... oquteety and ‘se! Premiums on existing policies in course of transmission and collection. Agents’ balances.......sss0000¢ Accrued interest on investments. January i,1883.. Excess of market value of securities over cost. A detailed schedule of there items will accompany the wiwal annual report filed with the Insurance Department of the State of New York. CASH ASSETS, January 1, Appropriated as follows: Adjusted losses, due subsequent to January 2, 1883 Reported losses, awaiting proof, &c. .. Matured endowments, due and unpaid (claims not’ present Annuities, due and unpaid (uncalled for)... Reserved for re-insurance on existing policies; parti Tile net premium ; non-participating at ¢ per ceat, Carlidle net. premium. Reserved for contingent habilities to Tontine Dividend Fund, i ary 11883 over and above a g/per cent, reserve on existing policies of that class Addition to the fund during 1882 for surplus and matured reserves, ae8) 000. 16—$49, 918,515.11 1,881 881.71 ~ $50,800,396.82 $351,451.21 $3,164,210.03 DEDUCT— Returned: to Tontine policy-holders during the year on Matured Tontines «.. 1,072,897. Balance of Tontine Fund January. r, 188: . . ba tyr 4 782. $45,851,555.08 Divisible Surplus at 4 per..cent - - =~ 43948;841.79 Surplus by the New York State Standard at as per cts estimated at 10,000,000.00 From the undivided surplus of $4,948,841 the Board of Trustees has declared a Reversionary dividend to particpat- ing policies in proportion to their contbation to surplus, available on settlemert of next annual presiura. During the year 12,178 policies have been issued, insuring $41,325,520, jan, 1, 1879 $125,232,144 Amount 1 an, in 1, 1882 151,760, 1 1883) 60,150 at risk Jan, 1, 1883 171, ison tem antes Divisible (42°: 1: te Satan's Surplus at 4 Jan. ‘a 1881, 4,295,006 4 per cont. ( f22-}: 355 tase Number of Policies in force Death: claims 5 1 a from ,654 paid ( igs" ips Interest ( igs’ 9'708'018 TRUSTEES. DAVID DOWS, . HENRY BOWERS, wi LIAM BARTON. LOOMIS L. WHITE, fENRY TUCK, M. iD.» WILLIAM a booth, ROBERT B. COLLINS, 1 WELI H, sa = ee SOY DAM GRANT, Jou Se FORMAN, S. WRIGHT, M.D., ARCHIBALD H. WELCH. wit TIAN BEERS. 'H, M. BANTA, OC: BISBEPE Baperintondent o MORRIS FRANKLIN, OBARLES WRIGHT, M.D..} weg WILLIAM H. HENRY TUCK, M. hu heal Rxamefners. EDWARD MARTIN, MORRIS FRANKLIN, APP! JOHN MAIRS, LETON, BEeRs, President and Actuary. Press of Gills Brothers, 75 & 77 Fulton Street, N. Y. comicbooks.com ah... YY Ba