The evening world. Newspaper, January 18, 1908, Page 6

egrerne 6 THE EVENING WORLD, SATURDAY, JANUARY 18, 1908. Wie Alien in “Irene Wycherley’’ BAL IC SIGHTS To Show Wife's Mistaken Devotion ICEBESG: STORM Play Gre te Lena Ashwell sd } HAS Nf) FFE CT Brought Out in London : = a BS oll | [ | » _ Will Be Seen at the Astor Next Week—Dallas Well ford Returns in “Twenty Days in the Shade,” a Farce SIXTY-THIRD YEAR New-York Life Insurance Co., 346 BROADWAY . . ° NEW YORK Zo the Policy-holders: I submit below a condensed Balance-Sheet, based on market values December 31, 1907, showing the Company’s condition on that date. Perhaps in no other year of its history have conditions existed which enabled the Company to serve its policy-holders so widely and sodirectly, The following facts show, in a general Way, actual cash pald te beneficiaries, loaned to and paid for policyholders and invested for the security of contracts: & Liner Brings 324 Russian Refugees, Thinly Clad, Who Land Nearly Frozen. it fren the French—Paul Arm- Paid to beneficiaries under 8,931 policies which strong Will Produce “Soci- lettre matured by death of insured. $22,761,594 ety and the Bulldog” To- ete Paid to holders of 2,354 Endowment policies Night. which matured during the year 6 ‘ 5,802,736 Soest Paid to 2,423 Annuitants ; 1,774,484 eee Paid to owners of policies surrendered to a yoat—and her passen Company i 6 11,810,853 on Wednesday and Thurs- | jay when ame wan pessing through Paid premiums for ‘policy -holders out of sur- : i hy GARILGN to ESSE render values : oo 21,843 : ISTE Paid dividends in cash to policy-holders 6 4,710,461 Paid premiums for policy-holdersout ofdividends 1,166,892 Direct cash benefits to policy-holders, over ‘i 5 : z $48,000,000 Paid to 81,000 policy-holders in loans on the security of their policies at 5° and without fee or charge, over . 9 ; 27,000,000 Paid for investments to cover increase in legal reserve . 6 28,000,000 Total Direct Benefits, Loans to and payments for policy-holders and Increased Reserves, over 6 d ‘ i . $103,000,000 As evidence of the efficiency with which your Trustees and the Officers of the Company have discharged their duties | invite your attention to these additional facts: yf “Thais” Again Tee a , Bril fant | Audience at the Manhattan Mary Gntae and Renaud | ave 9 5 1308 ieee a CAPRA arse eta Ratecuustercst earned on total mean investments in ae ion eronteesirg ance of Massenet’s Ope Rate of interest on Bond investments of the year . 4.02 4.34 a ae : Pier a aees Rate of income actually realizedon RealEstateowned 4.85 5.03 t Se rired inca Rate ofincome actually realized on Real Estate mtges. 4.44 4.55 é . Dividends to be paid in 1908 5 : : 5 . $6,200,000 The Company is sound in every part. That it retains the confidence of its members and that its assets are of a high order is conclusively shown by the fact that its cash income during 1907 was over $102,000,000. : i ‘ It is efficiently serving directly one million people, indirectly probably five millions, resident in every \ «| APPEALS UTILITIES DECISION country of the civilized world. [t could with increased economy and mutual advan- i ‘ Manne a tage better serve directly two millions of peeple and indirectly ten millions. Conta uakea tt As one of the forces in society which foster self-respect, cultivate providence, prudence and responsl- Hont by Chom Gale erostce: ft) bility it ought, in common with all kindred movements, to be allowed unlimited opportunity, under full pub- licity. At the present time this Company is by the State limited in its efficiency, limited in its usefulness, and limited in the provisions which it may make for the security of your contracts. in 1905 the membership of this Company was disturbed and alarmed by revelations in life insurance, H revelations which led directly to legislation by New York and by other States. It is impossible now to correct FA any of the misstatements, misconceptions and misunderstandings of that time; it is too early to attempt to Time will do that, But you then asserted yourselves through the force of which no man or any body of men can stand for any length of time. Life frst Case to Court evening t At the th tion with an offi cause of t justify either men or companies, public opinion, a force again insurance as a whole was pur The sections of the Armstrong laws which demand publicity, compel economies, insure care in in- vestments and protect you against improper transactions with your funds, have aroused a high sense of Trusteeship, They have benefited not only life insurance but all corporate life, and not a line of those sections should be repealed. But there are other sections which are dangerous and reactionary. They have already checked the fn his place. werles of complicati growth and progress of life insurance, This is a national! calamity. h mene) The companies of New York state, which for some years prior to 1905 added about $500,000,0°O0 a year ae Ny % Hb ine eal to the volume of outstanding insurance, will probably record a large loss in 1907, In 1906 these Companies wie Tetrazzint to Sing as 4 lost $150,000,000, Soin dint ay 4 4 eat ee Gramma Need liVaaehs es A os Ren G Cp titi In other words, the laws have gone too jar. Reform was necessary; but 2 NE: oan Sy cheat at ieldng. |W) ees eeeieonars will be aid reform discredits and endangers its own achievements when it writes vicious i! TRAZZINT will any junk dealer or othe ; and dangerous principles into the statutes of the State. i n r guilty, under the provisions of Ss Section 550 of the Penal Code i Against such legislation and against such results you ought now to assert yourselves through public of the State of New York, of opinion as emphatically as you did against evils in management in 1905. Your personal interests demand “ criminally receiving any prop- it; your duty as citizens who instinctively rebel against laws which open the door to paternalism and 5 erty belonging to this Company. socialism also demands it. \ NEW YORK TELEPHONE CO. Some of the laws which menace your interests and are the product of a false theory of statesman- ae Thee rs 15 Dey St., New York ship are: J | ie QS EAL : , PHYSIC OROPS DEAD. JOHN H. CAH! £ Ist. Section 87 (New York State Laws). This limits the free surplus a | LEE gabe bs company may hold. Ihe shrinkage 4n securities within tweive months represents a wider fluctuation by nearly two to one than the margin the law intends the companies to have for | contingencies. {he section is dangerous and should be repealed, \ eee 2d. Section 83 (New York State |.aws), This has substantially put anend ERRATIC FANATICS i to the issue of insurance on impaired tives,—a branch of the business which up to the Puruish Proticsome bun ior hotles, enactment of these laws was perhaps unsurpassed in real usefulness. The section should be amended, 3d. Section 97 (New York State Laws), Under this law the State has undertaken to manage the details of business,—introducing a vicious principle into legislation. Sceking to prevent extravagance the law prevents growth. The section should be amended. 4th. Section 96 (New York State Laws), This law reverses the present struggle against combinations in restraint of trade, and directly restrains competition by arbi- trarily limiting the output of life compa: ies, even when that output is legally issued and is of unquestioned value to the State. The section should be repealed. 5th. Sections in the Laws of nearly every State in the United States imposing an income tax on life insurance alone and not on any other interest or business —thus raiding trus. funds, penalizing prudence :nd thrift, and unjustly discriminating against property dedicated to a sacred use, This Company is not merely a corporation, something apart from you. It is yours,—your property to .efend and protect. The menace to life insurance just now, is not in management, but in legislation. The people have been vigilant and effective against the former; the time has come for them to exercise their rights and their authority against the indefensible aggressions of the latter, A pamphlet giving full information about the condition of the Company at the close of 1907 will be forwarded on request to any policy-holder or any other person interested in life insurance, Further information about existing laws which are restrictive and dangerous, or about laws proposed from time to time iu different legislatures threatening your interests, will be gladly furnished, and inquiries regarding such measurcs are solicited, New York, January 15, 19095, DARWIN P. KINGSLEY, President. Balance Sheet, December 31, 1907. floor, a over He threw the pa to th At Ham avin, Mil xt Week's Operas at ihe Metropoutan, n prodded ih id have your ‘Adam's Ap- if you want to be con- you will ha ent 0 DENTISTRY. TEETH Extracted with Gas,$1.00 so Charge for Ex. When Artificial ASSETS LIABILITIES $12,721,861.05 | 1. Policy Reserve, , . $432,872,357.00 50,217,704.06 | 2, Other Policy Liabilities Ns 5,890,977.35 73,236,951.23 | 3. Premiums and Interest prepaid |, 2,311,879.23 Mule Doinos in Music World |} Outside Opera-Houses, 1. Real Estate .,... 2. Loans on Mortgages , 3. Loans on Policies Peethreceltfiaerted: 4, Loans on Collateral .......... Riv 900,000.00 | 4, Commissions, Salaries, etc. . 171,141.73 TEE TH, 5, Bonds (market vals., Dec, 31, 1907). 334,979,519.85 | 5. Dividends payable in 1908.. 6,200,938. 18 food t in thi rld lea S7—&— B10 6. Cash oe. erate tie Re 9,271,727.31 | 6, Additional Reserve on Policies,... 2,791,558.00 mse OW aes | ar ieank lateeuaneeeate GUILSHAN 7. Renewal Premiums sceccee 7:487,691.41 | 7, Reserve for deferred Dividends.... 35,863,716.00 r e Greek! e good article after a good ’ 8. Interest and Rents due and accrued, 5,593,352.96 | 8 Reserve for other purposes ...... 8,306,240.38 Safonoft, the| Morat—Genuine plety respects the DENTIST, $494,408,807.87 $494,408,807.87 ae 2 chime of bells. prophets and the worthy people,|N. BE. Cor. 125th St. & 8th Ave, byorak's “rom we New World’ sym- places and things named after them. | Entrance, 271 W. 125th St, i je Cen |