The evening world. Newspaper, February 3, 1905, Page 8

THE WORLD: FRIDAY. EVENING, FEBRUARY The Mutual, Life Insurance Company of New. York Oldest in America ASSETS OVER Largest in Existence 440 MILLION DOLLARS The expression of approbation by the intelligent insuring public of the methods pursued and results attained by THE MUTUAL LIFE INSURANCE COMPANY NEW YORK has never been more signally exemplified than during the year just ended. From the Sixty-second Annual Statement of the YM pany it appears that 109,967 policies amounting to $231,508,259 were issued to applicants who qualified for membership, thus increasing the amount of insur- at risk from $1,445.228,681 at the beginning of the year to the sum of $1,547,611,660 at its close, and these accessions were larger in number and amount than ever before. The following additional figures, constituting its Balance Sheet, illustrate with equal significance the very great and satisfactory progress of the company: SS AVAILABLE FUNDS - LIABILITIES i Auvdalba Dither te OOD SaenOne tet MONEE ' THE COMPANY OWNED: DEC. 31, 1903 DEC. 31, 1904 GAIN IN 1904 DEC. 31, 1903 DEC. 31, 1904 GAIN IN 1904 ds and Stocks, amounting, at the Market bas ey pe Chain anne anne BETO Midi iiss) cos ba phiseesscas vevsons $214) 71229090 $243,191,442,24 $28, 478,203,87 as certified by the New York Insurance Depart- arid Uhre the arpdne Phe x : 34,312,133.60 34,701,700.64 389,567.01 Ns Lich cahiay sie Sr daa myer it On Gash in Banks and Trust Companies......+.++ 22460,550.02 17,973,159.59 4, 487,990.43 larg A eerie tek wil First Airtaages of Real Estatess.s.eeeeeee 89,224,920.14 102,027,893.42 12,802,973,28 rien dela acaba td i a ; 59,164,843.66 71,457,818.43 12,292,974.77 0 Policy-holders on their Policies.......+.+.. 18,926,100.64 23,277,736.49 4,351,635.85 ; rae ; , 3—Fund for Immediate Dividends to be paid on da peed i oy eee ae AAG seessee —14,217,500.00 11,210,000.00 —3,007,500,00 Policies in the year followingy...+.++s++se+6 2,830,000.00 2,900,000.00 70,000.00 AND was : br Interest Accrued, Quarterly and Semi- nual Premiums, Etc......seresecve res cees 7,967,218.89 8,596,438.81 629,219.92 MAKING THE TOTAL LIABILITIES ‘ AKING THE TOTAL AVAILABLE FUNDS...... .---$401,821,661.66 $440,978,371.16 $39, 156,709.50 AS A MUTUAL COMPANY........ $401,821,661.66 $440,978,371.16 $39, 156,709.50 fo INCOME DISBURSEMENTS AND ACCUMULATIONS IN 1903 IN 1904 GAIN IN 1904 " IN 1903 IN 1904 GAIN IN 1904 ‘ ‘. ceived for Premiums.........+.+6s+.+++000+ + 8001151,019.66 $62,932,097.10 $2,781,077.44 | —Paid Policy-holders......sscesseeeseeeeesseeee 832,727,780.01 — $34,726,548.34 $1,998, 768.33 ived from Interest and all Other Sources . 17,182.693.10 18,070,887.47 888,194.37 | 2—Paid for all Other Accounts......+ss+eseeserree __ 16,079,835,98 16,656,183.10 576,347.12 3—Total Disbursements....+sssesseveeeesaeseeeess $48,807,615.99 $51,382,731.44 $2.575,115.45 4—Balance of Income Accumulated...,ssssesseeeses 28,526,096.77 29,620,253.13 1,094, 156.36 RECEIVED... .......s00.sceeserereess, $77,333,712.76 $81,002,984.57 $3,669,271.81 | TOTAL DISBURSED AND ACCUMULATED. ........., $77,383,712.76__ $81,002,984,57 $3,669,271.81 eee A SE EY A Pamphlet containing a complete list of all the Bonds and Stocks owned by the Company, amounting to $243,191,442.24, and the amount held of each, with its pat market value, will be mailed to any address on written request to the Home Office. ‘The Market Value of the Bonds and Stocks owned at the end of the year was 10,689.51 in excess of their cost on the books of the company, and these results have been obtained without resort to questionable practices or the use of methods _ The Representative Life Insurance Company of the World. The year 1904 was the most successful year in the history of the Company, now in its sixty-third year, excelling in Increase of Membership, Increase of Insurance Issued, ase of Amount Loaned to Members, Increase of Mortuary and Endowment Payments, Increase of Income, Increase of Funds Accumulated for the Benefit of Members, of Dividends to be Paid Policy-holders and Decrease of Expense Ratio. GAINS OF THE MUTUAL LIFE FOR THE LAST FIVE YEARS New Business Paid For Income eaten Total Assets Payments to Policy-holders Insurance In Force Total Income $17,006,030 $1,139,940,529 $60,582,802 $21,136,189 $325,753, 153 $26,361,864 194,371,100 1,241,688,430 65,624,306 23,171,699 352,838,972 28,679,670 206,076,185 1,340,748,659 73,305,023 20,154,715 382,432,681 29,109,657 215,102,048 1,445,228,081 77,333,713 28,526,097 . 401,821,662 32,727,780 231,508,259 1,547,611,660 81,002,985 29,620,253 440,978,371 34,726,848 tom its Organization in 1843 upto December 31, 1904, the Mutual Life Insurance Company of New York has paid to and accumulated for its Policy-holders over Thousand One Hundred and Six Millions of Dollars ($1,105,701,837), WHICH IS NEARLY TWO HUNDRED AND NINETEEN MILLIONS MORE IN ANY OTHER COMPANY HAS ACCOMPLISHED. Its Accumulated Assets of $440,978,371.16 are nearly THIRTY-ONE MILLIONS MORE THAN THOSE OF ANY OTHER COMPANY, BOARD OF TRUSTEES, WITH THE DATES OF THEIR ELECTION DUDLEY OLCOTT, 1880, ROBERT A. GRANNISS, 1885, AUGUSTUS D. JUILLIARD, 1888, WILLIAM ROCKEFELLER, 1895, WILLIAM H. TRUESDALE, 1900, President of the Mechanics and Farmers’ Vice-Presidont of the Company. Of the firm of A, D. Julliiand & Com- Of the Standard Ol) Company, Prosident of the Dolaware, Lackawanna & Western Railroad Ci Bank, ny, N, Y¥. pany, Merchants. u a FREDERIC CROMWELL, 1880, HENRY H, ROGERS, 1885, CHARLES E, MILLER, 1888, JAMES W. JARVIE, 1896, DUMONT CLARKE, 1902, Of the firm of Arbuckle Brothers. i , 1867, it of the National Bate Deposit 7 Tearuree of te Sompany, DieneipnGt te Peenetre Ol| Oeinpedy, Counsellor at Law. Prewident of the American Exchange Na+ N.C. YON POST, 196, ante ten ae le gal WALTER R, GILLETTE, M.D, 1890, Eadie aEGAT CORNET VANORABIL'E 650 roa, ot Qoluiete © , 5 1ee-Prealdent of the Company, i i , ’ A HARLES R.HENDERSON,1883, President of the Sussex National Bank, GEORGE G. HAVEN, 1892. Wey SPEYER, 1898 EFFINGHAM B, MORRIS, 1902, y y Ident of the Gland Trust Company, Wladelphie, ROBERT H. McCURDY, 1903, i” s Bani NJ ERT OLYPHANT, 1878, IN RUFUSW PEG WILLIAM BABCOCK, 1886, MEAaTLA tite Of BbeThe a coeseee: a HON.RUFUSW.PECKHAM, 1884, ADRIAN ISELIN, JR., 1893, CHARLES LANIER, 1899, ry Pe arn &.Olrmeant, Miners juste cof the, Supreme Cour, of the RUS aE Arar OE, Aig pre Of ayralt Danker, of the firm of A. Iselin & Co, He " rs } nt es, Washington, D.C, s T i } GEORGE S. IN, ' Hentor Partner of the firm of Winslow, jenera! Manager of the Company, EF. PARKER, 1879... i WILLIAM P, DIXON, 1884, fo yl Fist Msg Rajlroad pats § Bowng N | all a H AM ILTON Mok. TWOMBLY, 1900. Hon, ELIHU ROOT, 1904, Among the foregoing names several appear without the customary designation of business affiliations. These are the names of gentlemen who have withdrawn from je participation in the daily routine of business affairs, but whose interest in the management of the Company continues unabated, and whose prominence in the social ee life of the Nation is as equally well established as that of their associates. oa Board of Trustees constituted of representative men, in every walk of life contributory of the especial knowledge, judgment and experience requisite to the successful inistration of a complex organization, is intrusted the safekeeping and prudent investment of the moneys of the policy-holders. No speculative use is ever made of this ary fund, and no alliances exist but those which are subservient alike to the safety and the prosperity of the company. etl aod sll: Reset Apnea Se Silt cick OFFICERS OF THE COMPANY EDWARD LYMAN SHORT. | C, CLIFFORD GRETSINGER, ' General Solleltor \ | JOHN A. FONDA, CHARLES A. PRELLER. ioe President, Auditor. Coniptroiler, ROBERT H. McCURDY, JAMES TIMPSON, ~ WILLIAM P. SANDS, tii ssistant Treasurer. "ash ral Manager, ‘A Cashier WILLIAM J, EASTON, ALBERT KLAMROTH, JOHN TATLOCK, GRANVILLE M. WHITE; M. D., | DER DUPONT BRECK. WILLIAM A. HUTGHESON. | D A. MoCURDY, T A. GRANNISS, EDWARD P. HOLDEN, ELIAS J, MARSH, M. D., Assistant Cashier, fedical Director. Asalstant Auditor, WILLIAM W. RICHARDS, HENRY S. BROWN, BRANDRETH SYMONDS, M. D., Ansiat roller, | sistant Compt Medioal Director. | EMORY McCLINTOCK, STBFHEN M, SAITR, GEORGE T. DEXTER, WENDEL. M. STRONG, | HENRY E, DUNCAN Supeeintendent of t nityapartmant, THE MUTUAL LIFE INSURANCE COMPANY OF NEW YORK CHARLES H. RAYMOND @ CO., MANAGERS, 26 LIBERTY STREET BRANCH MANAGERS: i e rc 7 ela? Manager, Windsor Arerte, GEO, A. BRINKERHOFF, Manager, 149 H. N. FELL, Manager, 398 Broadway HUDSON & WEST, Managers, 29 Liberty St, C. H, STONEBRIDGE, Manager, 148th St. S, Manager, 42 Broadw Broadway. T. R. FELL, Manager, 1181 Broadway. A. L. LAUKOTA, Manager, 14th St, & 4th Ave, & 3d Ave, WW. T. DIEFENDORF, Manager, : ’ ay, S. 1. W. BAKER, Manager Woman's ROB'T H. HARDY, Manager, 125th St & EB, C, OGBORN, Manager, 66th St. & Colum- 1, WOLFFSOHN, Manager, 129 W, 42d St. 164 Montague St, Brooklyn, N. Y, Branch, 156 Fifth Ave. 7th Ave. bus Ave,