The evening world. Newspaper, January 3, 1903, Page 5

ee eee * 4 rr? EW-YORK LIFE INSURANCE Co.| - JOHN A. McCALL, Presipenr. BALAN CE SHEET, JANUARY 1, 1903. ASSETS. United States, State, City, County and other Bonds yale $216428,058), market value, December 31, 1902, . . : $225,039,295 LIABILITIES. Policy Reserve (per certificate of New York Insurance Dept.), Dec. 31, 1902, . $268,344,420 All other Liabilities on Policies, Annuities, eae yma ses be Pessene | Bonds and Mortgages (505 first liens), . se ee 26,125,318 pri aad char tean sees testeelcaloracte uaanreacie Liga 4,462,361 Deposits in Trust Companies and Banks, at interest, . 22,622,058 ‘eserve on Policies whic ompany values above the State’s sta: bs 1325, Loans to Policy-holders on their Policies as security (legal val. thereof, $35,000, 000) 22,093,674 Nee its is ea LOE Ua AE CCE It SUA) Cart a Real Estate (26 pieces, including twelve office buildings, valued at ie heal 12,880,000 "To holders of 20-Year Period Policies, ; 3 « > 23,877,326 , Loans on Bonds (market value,: $5,949,420), BUNGE r 4,104,000 To holders of 15-Year Period Policies, . . ~. « 8,270,742 Quarterly and Semi-Annual Bretnicine not yet due, reserve chtarged in "Liabilities, 3,147,027 EO oer be teyeee Hieted roe brary Premium Notes on Policies in force (Legal Reserve to secure same, $4,300,000), 2,664,476 To holders of Annual Dividend Policies,. 1° 2, 800,047 Premiums in transit, reserve charged in Liabilites, . . . . . . 2,294,277 || Reserves to provide for all other contingencies, 5 . . A « 10,511,718 Interest and Rents accrued, . ‘ ‘ d : cS 29 ' 1,870,775 Total ; ; % ow 50,034,1 19 Total Assets (per Certificate of New York Ins, Dep. 1 '. $322, 840,900 Total Liabilities (per Certificate of New York Ins. Dept.), . $322,840,900 CASH INCOME, 1902. EXPENDITURES, 1902. ‘ New Premiums (Annuities, $1,712,429), . . . . . $15,588,022 Paid e ae BIS, seis Endowments aie 102), and Annuities pon Reriewal Premiums, . 5 . b ee < 49,461,923 B) ) . . . ° . ° ° ° 604,215 i TOTAL PREMIUMS, ree hee + « « $65,049,945 || Paid for Dividends and Sutendbe Values to Policy-holders, ice aw 8,054,344 . Deposits on account of Registered Bond Policies, Gaye a) 9 66 463,831 || Commissions and all other payments to agents ($6,710,251) on New.Business of 5 ; Interest Receipts from: : “$302,798,229 ; Medical Examiners’ Fees, and Inspection of Risks ($824,339), . 7)534,500 Bonds owned, PCG Gg ets $8,441,147 Home and Branch Office Expenses, Taxes, Advertising, Equipment Account, ‘ Mortgage loans, . Shine 1,405,806 Telegraph, Postage, Commissions on $1,250,829,797 of Old Business and Loans to Policy-holders, secured by Policies, oo 1,243,009 . Miscellaneous Expenditures, . . . . .« «© «© » «© 832/842 Bank Deposits and Collateral Loans, Te Balance for Reserves—Excess of Income ovet Expenditures for year, . 32,182,810, . TOTAL INTEREST RECEIPTS, . 5 ° 0 Qn 6 6 11,886,860 ay Rents from Company’s properties, . . , f 2 . i. ' 1,058,591 * The New Business of 1902, which was $40,000,000 more than that of 1901, , Profits realized on Securities sold during the year, a A aia’ piel bee 640,174 us [secur ed ACI w cree rela sah Total Income, . . . . . . « +. =, $79,108,401 Total Expenditures and Balance to Reseryes, — $79,108,401 GAIN IN 1902, ' GOVERNMENT BONDS. Market Val. Dec.31,'08. ‘Argentine Republic, 1898............ $49,289 Austrian Government, Gold 4,164,098 Austrian Hungarian 1,127,665, Austrian Kron 812,000 Brazilisa Government, 1898. ye British Consols of 1901 460,000 British Consols of 190: 1,150,000 British Government, ee janes 968 6 Bulgarian Government, French Rentes. French Rentes of 1901... Italian Government Lucerne, Switzerlan Prussian Government Queensland Debentures ........, Russian Gov't, Chinese Eastern Railway. orig 92 « 39,790 +12 4% tes 40,700 Russian Consol’d Interior Railway. Russian Gov't, Moscow, Jar. & Arch. Russian Gov't, Moscow, Kazan Ry Russian Gov't, Moscow-Riasan R; Russian Gov., Mos., Win. & Rybinsk Russian Gov't, Nicholas Railway. . Russian Gov't, Riasan-Oural Railway Russian Gov't, Rybinsk Railway... Russian Gov't, 8, aan, Ry., Gold, 1900 Russian Gov't, Southeastern Ratlw: Russian Gov't, 8. W. Servian Government, State Loan South Australian Cons., 1 Gov't, United States of America, brriys 1 U, 8. of Mexico, Ext. Cons., oo U:8, of Mexico, lat Debt, Gone. fer. & pd Switzerland ........... 4 ‘Wurtemberg Government, State. . (Total Government Bonds, $27,010,588.) STATE AND MUNICIPAL BONDS. New Business Paid for in 4902, - $40,011,054. Rate Valued Market Val. ofInt. at — Dec. 51,'02. Montgomery Sigs Ala,, 1918, 19231 & peas : 112 224,000 Morris County, N. J., 1985.....+.+.+ 112 392,000 Nashville City, Tenn. (Water), i9i9: 7: 102 306,000 New York City, Dock, 1924............, 96 884,000 N.Y, City (Morris'a e Ww. F’ms) 1906-2147 126 30,000 New York City, Corlears Hook Park, ie i% 102 102,000 New York City, School, 1913. 98 New York City, Street, 1916. 97 485,000 North Knoxville, Tenn. Cohunlepal), isis 5 112 112,000 Norwalk, Conn., Funding, 1918. + 8% 1 252,500 Ottawa City, Canada, Gold, 1908. 110,000 Peoria Township, Ill, Fundin; 65,880 Petersburg City, Va., 1905. $1,800 Pierce County, Wash., Gold, 182,000 Pierce County, Wash., Funding, 102,600 Quebec City, Canada, Gold, 1914 3,000 Quebec City, Canada, Gold, 1922 162,000 Quebec City, Canada, 1930. Quebec City, Canada, 1931. 100,000 Quebec City, Canada, 1931. 100,000 Quebec (Province of), Gold, 84,800 Richmond City, Va., 1904... 59,000 Richmond City, Va., 1925 & 1926 Rome, Ga, Gold, 1926....... 4% 99 161,370 8t. Joseph, Mo, School Board, 1914..... 102 = 190,740 Salt Lake City, Utah, 1912 -6 108 64,000 Balt Lake City, Utah, Gold, 1914 6 108 824,000 San Antonio, Texas, 1917.. 5 105 155,400 Bchool Dis,, Multnomah Co., -6 116 86,250 8ch'l Dist., ‘Balt Lake City, Utah, Gold,) 108, 64,000 8ch'l Dist., Spokane Co., Wash.,Gold, wen (3 110 99,000 Seattle, Wash., Gold, 1912... 106 ~—_- 680,000 ‘West Chicago Town, Iil., 191 104 241,280 ‘Whitman Co., Wash., Funding, Gold, i912 H 106. 106,000 (Total State and Municipal Bonds, $14,823,120.) RAILROAD BONDS. ist Mige.,g. by D. & H.,1942 4% 110 1,048, Alb.& Sus. ist Cons.Mtge.,g.by D.& H.,19067 110 Ath.,Top.& 8.1 of Per hep telar tread 4 90 Atch., Top. & Santa Fé, Gen. Mtge,, 199564 101 Atch., Top. & Santa Fé, Ser. Debs.,1907-14 4 95 6,660,000 Atlantic it Line, 1st ons, Mtge, 19524 100 400,000 Atlantic Coast Line, Lo. & Nas Balt. & Ohio (Pitts” LE. & W. Balt. & Ohio, 8.W. Div., 1st Gold, 1025. “ty 87 Buffalo, N. Y. & Erle, 1st Mtge., 1016....7 127 63,500 Bur., CR. & No., ist Gons. Mtge.,Gold,} i9ad + 120 120,000 Bur., C. R. & No., Ist Mtge,, 1906,....... 102 42,840 Canadian No., 1st, g. Prov. Manitoba,is29 ‘ 99 963,587 pid: . ‘» 1st, gr.,1921.6 112 Cent. Pac,, lst Ref., Gold,g.8.P i} teeeeerrees 6 110 16,500 y.1949 4 99 990,000 Atlanta City, Ga. wae best ae: 4 107 141,240 Cent. Pac., Mtge., Gold, g. 8. P: Ry, 19293% 84 42,000 ( Atlanta City Ga. (Redem.), 6,500 Cen. R.R. & B. Co., Ga., Col, Tr., 1d, 19387 6 1,060,000 Austin City, Tex., 5 128,000 Cen. RR. of N.J., Equip.,“Ser, B,” 1903-12 4 980,000 t Butler County, Ohio, 1921 & 1924 33,600 Cen. RR. of N.J., Gen'l Mtge., Gold, 1987 : 3 8,168,000 t City, Texas, Funding, 1917. 108,300 Chesapeake & Ohio, 1st Cons., 1989...... 877, 7} Dallas City Texas, Gold, 1 118,400 Chicago & Alton Refund, Gcid, 1949 Dallas City, Texas, Gold, 1931, 270,000 Chic Bi Burl. & Quincy, Ist Mtge., 1908 Sh Davidson County, Tenn., 1915.. 4% 102 68,040 Chic,, Burl. & Quincy, Ilinois Diy,, 19: Essex Oo., N.J., Park, Gold,av. wnat, i 708 +d 106 Chic, & East., Ill, 1st Cons, 1934.....: %..6 1 803,760 ; Findlay, Ohio, av’ matcrity, 2% y! 105 Chic, & Wast., Ill, Gen’} Cons,, ist, 1987.6 120 1000 os Flatbush, ater), 1911. Chic,, Ind, & Louisville, Ref, Mtge. 1947.6 127 175,260 * Galveston, 23 Chic., Mil, & 8t. P., Gen'l, Gold, 1989.... 8% 100 1,500,000 t Chic. Hi é Bt, (H. & D, Div.) 1st, i9io 6 106 121,900 t P.(H, & D, Div.) oer 118 630,120 » nla ty N, W. Debenture, 1921. 118 2,260,000 \ Chic. & N. W., Gen'l, Gold, 1987 S% 104 1,040,000 Chic, & N. W., Bkg. Fd, of 1879, 19: { 111 495,060 seer by L bad Gen'l, Gold, 1988 106 2,120,000 * Bt oy 4 Mtge, (A (Ateh. Bye.) 1016 ; 116 = 287,500 Chic, BLP. Mm On Cons Mise, Vb side 1,407,000 Chic. & aw. ina. 4., Gen'i 8kg. Fd., Gold, 19826 116 1,305,000 | Cinn., Ham, @ Dayton, Gen'l Mtge. 1942.6 111 1,110,000 % ¥ onan a GEORGE W. PERKINS, Chairman, 4! LAFLIN, WOODBURY LANGDON, ae FINANCE COMMITTEE + 4 sDwUND D, RANDOLPH, WILLIAM B, GRACE, ‘ CHARLES 8. FAIRCHILD, GEORGE AUSTIN ‘MORRISON, (In the foregoing list of Bonds no Bond is in default of interest.) $002,798,229, |) Total Paid-for Insurance in force, GAIN IN 1902, .. Rate Veleed ‘Market Val. $188,258,727. BONDS OWNED (Company does not invest in Stocks) DECEMBER 31, 1902. iT i $1,053,628,026, of Int. Deg. 31,'02. ry Lime hing Cinn., San. & Clev., 1st Cons., Gold, 1928. 5 1 640,640 Penn. Oo., Tr., guar. Penn. RR. Co. 19418% 98 4, Clev., Cinn., Chic. & St. Louls,Gen. Mtge. 4 98 1,960,000 oom, Sao guar. Penn. RR. 1916 8 }4 ira Clev.., Col., Cinn, & Inds., Ist Cons., 1914.7 127 365,760 pene ey re yarigus De aae Raves Clev., Col., Cinn. & Inds.,Gen'l Cons., 1984.6 180 1,300,000 Spetrabaaesp aera eas: isk id Ett bers Clev., Lor. & Wheeling, 1st Cons.,1988.... 6 118 280,000 Bet avateier bad Gone, Ber 1940. ‘ier ‘10,000 Denv. & Rio Grande, 1st Cons., Gold, 1986 4 784,000 Ral Ee Goat Sey rt cae 1949. n6 920,000 Denv. & Rio Grande, ist Con colt, 1986 {% 108 714,000 paleisn jas C, I 1981. HY 842,000 Detroit & Mackinac, Mtge. 1995... 91 73,710 Beatin Cor po Cole a tiadh 83 weno E. Ry. of Minn., N. Diy. It ¢ ters 1948. i 102 1,734,000 Bic) Geenae ara, an Cons’ $0 Sa E. Tenn., Va. & Ga.,Cons.,.Mtg.,Gold,1956. 5 117 649,350 Be cranes. yeeern, isp Att Higin, Joliet & Eastern, 1st, 1941 +6 111 166,600 Ras EEO 5 eae Mess'g lsat 126,540 Erle-Penn., Coll. Trust, 1961... +4 90 2,902,600 Bocuse & Pb oan ww28,000 Evansville & Inds., 1st Con., guar.,1926..6 107 495,410 Fig pee Nan pel tee Goa dake Hots 79,960 Evansville & Inds., 1st, Gold, guar.,1924.6 107 214,000 St. L., 1. M. & Bo., Gen'l, L. G., 1981. 1996 na 278,000 Evansville & T. H., 1st Cons., Gold, 19216 117 381,000 Haar Boe Gul eehersee ae an Evansville & T. st Gen'l, Gold, 19425 102 76,500 BE Loui, sen Fran. Ha pel lous... te Soeyeny Flint & Pere Marquette, Gold, 1920......6 118 118,000 BE touts a eee Garon ii. 6 ise Fre't, Bik. & Mo. V., Cons,, guar., 1933..6 135 1,850,000 Bt. Mine @ M any ia Gala toad: 4% 220 camiee Georgia Sonthern & Florida, 1st, '1945...6 118 113,000 Bt Pun oo fine Tae Cees Gal ueae” ise Verano Greenbriar Ry., 1st, g. Ches. & Ohio, 19404 97 970,000 Bt PM. a rd ‘Mont. coos Gold, 1987 4 108 4,000 Houston, E. & W., Tex., 1st, guar. 1933..5 102 _ 258,000 BE Peale N Pen iat Gen Gn tae ine shite Ill, Cent'l, L'ville Div., & Ter'l, Gold, 1953 8% 95 2,963,050 Beare nate ate SR nett ie 12,000 ml. Cont’, 8t. L. Div. & Ter'l, Gold, 1951 a i 2,582,400 prety Ad Baa ene oe x, it Tir 168,000 Ind., Dec. & West., Equip., 1908-11...... 247,170 pee al hs ie oe ieee beaters 636,000 indy, Dec. & West., Equip., Monthly, 1905. 5 OT 155,200 rad ‘Air Line, Equip, "Ber.A." 1908-45 100 Penge Indianapolis & St. Louis, 1st, 1919...... 7 180 183,300 eeahoany Ave RANT it. tee age 200,000 International & Great Northern, 1st, 19196 119 695,000 es ed One Se er eyed Kansas City Caole, 1st, Gold, 1911..... 5 . 100 411,000 Rt Cette tata Pay Saree ity Bi poe} Kan, City, St. Jo. & C. B. Mtge., 1907. lll 1 80. P i Hew Menino Tet, 1911 109 Lake Mrie & Western, 2d, Gold, 1941....5 115 1,036,000 Boutlirs naires Gaon heuer 4 Ae Lehigh Valley Ry. of aan BUS 1940. ‘% 106 Southern Railw: 'Y, Coll. Tr. Gold, 4 ry 282,600 Lehigh Valley Termin: ist, guar., 1941. 110 165,000 Bouth ro R E Penn ad atone & ue 3,960,000 Lewiston, Bruns. & Bath, 1st, Mtge. 1918. t 83 207,500 Fede spel) Baier ann a derevtgs rtd 228,000 Long Dock Co., 1st Mtge., Gold, 1935.. 188 1,330,000 Seen ates artes ied Hy 4,836,610 Louisiana Western, Ist Mtge., Gold, 1921 $ 109 327,000 Benth Aer hla anat ee Naan ant 2,058,000 Louisville & Nash., Coll. Tr., Gold, 19184 (98 490,000 Tenors mores eS I come” ieit ory Pony ‘ooo Louisville & Nash., Coll. Tr., 1981......5 110 — 165,000 ae he kee ate eee ff is See Louisville & N., Mob. & Mont'y, 1st, 1945. 4% 109 1,090,000 en anion tot 7 403, sitio Loulsyille & N., N.O. & Mob., ist, 1980..6 124 124,000 Tees & Panto map a Mane eassveer 6 ies} Smuas Loulsville & Nash. Bt. Louls, 1st, 1921,,6 128 — 226,320 ey oie geen LY a ae Loulsville & Nash.So. Ry., Joint, 1958... 4 92 Thirty-fourth St, Orosst'a, N¥., Ist, 118 197,760 Loulsville Nash., Unif'd, 1940........4 100 1,500,000 Toledo a O. W Dive, ist Gosd, 499 in { fahoning Ist, g. L.8, & M.80,, 19846 118 472,000 hte ea, WD abhey! Gold, rn 282,500 beret & 8.1, 1st, gr. Prov.Man.,1929.4 100 199,530 Rolete Tran & ae Ist, 1946 or 262,500 Maysville & Lexington Ast, 1906........7 104 47,840 Union Pacific Ry. & iG, Shoe Aer 108 485,000 Metropolitan 8t. Ry. Co., Gen,1, Gold,” 19976 116 1,160,000 Union Ry. Co. N. y ‘ist, 1 5B i19 2,060,000 Michigan Central R.’R. ‘Co. 1st, 1952.... 8% 103 4,112,790 Utah & Riarriaras Ist, 1308 948...+6 7 113 69,600 Midland of N, J,, Ist Mtge, 1910...... --6 112 Western it Go,, WG. ip08. 4% 100 1,976,800 Milw’kee Hlec, Ry.& L. Co.,Gons.,Gold,i926 6 109 272,500 West peg Nv, RE 2861. 4° 111 Pe ry -3 Milwaukee & Northern, 1st, 1910... -6 ill 55, Willmar aa Fr, Taya ac CTT Hag e a3 ee Minneapolis Union, 1st, guar., 1922. & 108 650,800 Wiketnain’ Genteal Tet Gen't Mtg. ry vo Mobile Ohlc, Monte’ ‘Di 5 is sneen (Total Rallfoed Bonds, $172,460,187>, obile io, Montg’y Mohank fe Maen ae By 00 Deg haces i% a Upega MISCELLANEOUS BONDS, lorgan's oy y Am, Dock & Imp. Co., 18 1921 Nash., Chat, & St. L,, 1st Cons., Gold, 1928 5 118 395,500 ‘Am, Bafe Deposit Co.” det Meee” 1908 too “Soro0o Nash., Chat. & St. Louis, 1st, 1913...... 128 510,450 Brookline G, L. Co., Mass., Gen'l, Gold, 104 260,000 New York & Harlem, 1st Mtge,, 2000.... 3% 112 4,480,000 Brooklyn Un. @. L. Co., Cons., Gold, 194! 116 = 380,000 N, ¥., Lack. & wont Ist Mtge., gr., 1921. 6 130 1,300,000 Consumers’ Gas L, Co,, Chic., 1st, 1986...5 107 160,500 N. ¥., L. B & W. D,'& 1. Co,, 1st, 1913...6 118 1,695,000 Equitable Il’g G.L. Co., Phila, at 1928.6 105 241,600 N. EB W., 1st Cons.,'Gold, 1920..7 186 2,700,000 Kan, & Hock, Coal, 1st, guar., 1951...... 5 100 640,000 N. ¥,, O t, Gold, P, M., 1908-116 108 1,364,750 Kansas City, Mo., G. L. Co, 1st, Gold isa 6 100 250,000 N, ¥., 01 Ref,, Gold, 1992...... ++ 4 100 1,600,000 Madison Sq. Garden Go., N.¥., 1st, 1! 108 = 771,470 N. ¥,, . & W., 1st Ret, Gold, i987;.6 111 _ '277,500 Mutual Fuel Gas Co,, Chic,, 1st, gr. ty 104 180,000 it, No. ©, B, & Q., Coll,, 1921,, ; 94 11,280,000 Int'l Mercantile Marine Bond Syn + 100 8,200,000 No, Pac. Prior Lion, 1997.01... 0 140.4 103 1,530,000 Pat'n & Passaic Gag & Hl. Co., Cons., 1949. 6 103 610,000 No. Pac., 8.P. & Dul., Div. Mtge., Gold,1996 ‘ 100 1,221,000 People's G. L. & C. Oo.,Ch., lat, Con, 1943.6 118 118,000 No. Pac, Torm., 1st, Gold (guar), 1988,.6 114 646,380 People's G.L. & C, Co. of 'Ghic., 1st, 1904. 6 108 677,700 No. West. Bley., Chic,, 1st Ret., 1911....4 94 940,000 St. P., Minn., G. L. Co., Con, Extn. 1918.,6 114 228,000 No. West. Gr, Trunk (in Mich.), Tet, 19106 105 44,100 st, Pp. Minn, Ok Co., Gen'l, Gold, 5 90 460,000 , Ind. & W. (Pref), ist, Gold, 1988....6 108 — $06,000 St. P., Minn,, G. L. Co., 1st, 1015 6 114 228,000 0. ine, 8., ist, i. . " Western Union Tel. Co., Oregon Short Line, ist, 1922... . 927,000 Panama Ry,, let, 8. ¥., Gold, 19. West. Union Tel.Co.,F’g & R.H..Mtg.,19650. tg Ia (Total Miscellaneous Bonds, 460.) Total Market Value of Bonds, $225,039,295 Total Cost Value of Boat $218,423,051