The evening world. Newspaper, February 17, 1920, Page 13

op (Incorporated under the laws of the State of New York) 346 & 348 Broadway, New York, N. Y. ° |TO THE POLICY-HOLDERS: Life Insurance has suddenly taken on a new importance. Everybody | wants it. This indicates that the public has begun, to understand the economic value of the principle on which life insurance rests, and it also demonstrates the high regard in which our life cémpanies are held. ' { But do you realize: ' | Ist. (That for the mere privilege of rendering this economic service our life companies will r | ul | COLUMBIA" SONORA . EDISON *Crafonola”, "Clear @2 « Belt” - Diamond Disc™ Hear all three of these distinguished phonographs under the same playing conditions as at home:—In a main floor Concert Booth at our Fifth Avenue or Brooklyn Phonograph Headquarters. It is the only satisfactory way to. choose between these three fine instruments — and very eagy. Come in. Let us give you a demonstration. Convenient terms if desired. A COMPLETE LINE OF COLUMBIA, EMERSON AND EDISON RECORDS HARDMAN, PECK & CO. Founded 1862 New York B 433FifthAve. 47-51 FlatbushAve. [KRAMER BROS.., == MEATS, PROVISIONS, POULTRY AT A SUBSTANTIAL saath be taxed in 1920 (between the States and the Federal Government) upwards of | ‘$27,000,000? 2 ‘That Federal laws are purposely #0 framed that the use of life insurance to protect estates is mot encouraged. Immediately following déath the Federal Government ' exacts heavy cash payments whatever the character of the estate, Without life insur- . ance such payments are always difficult and sometimes impossible. ’ 3d. That the proceeds of life insurance must under the Federal law be included in the decedent’s estate and taxed accordingly—unless payable to named beneficiaries; in that case such proceeds are exempt up to $40,000? ‘(1) A life insurance premium is essentially a tax, voluntarily levied, primarily for the pro- tection of the family but very directly for the benefit of the state. The government, in taxing life insurance, indulges in the barbarism of taxing a tax. It would be scarcely more unsound for the government to tax its own income. (2) Death Duties can readily destroy a perfectly solvent estate unless cash can be raised | Just a word about those queries: | TUESDAY AND. quickly. Life insurance can quickly provide cash, but the laws limit and hinder its use. | Porterhouse (3) A policy taken to replace in part the value to a corporation of an exceptional man may —_—| . or Sirloin STEAK ee 35c a Ib. under the Federal Income Tax yield only 20% to the corporation; the government | UNTRIMMED !_ OFFICE AND Op 517 WEST 16TH STREET 38 Greenwich St.nr.Ba! (93 Amsterdam Av.ar. 64th St, 132 Broad St, ar. Seach Feces 135 Columbus Av. ur. 66th St. 920 Ninth Av.. or. 59th St. tS 47 Third Av, ar. 57th St. 777 Eighth Av. ar. 47th St. Broadway, ar. 83d St. RESTAURANTS, SHIPS AND FAMILIES SUPPLIED. j taking 80%, s 4}° The States also collect heavy death duties on insurance payable to estates, All these taxes are in addition to the $27,000,000 of taxes referred to in the first query; they are economically unsound and silly. i / I speak of them because with your present keen interest in life insura } itis time that your Bid BAIN at Washington and in your State Capital | heard from you. THE YEAR 1919. For the New York Life 1919 was in many respects the greatest year in its history. : OPEN SATURDAY EVENINGS Our Liberal Credit Terms Apply to Long Island, New Jersey and Connecticut MOTOR FRUCK DELIVERIES 86th St. Crosstown Cars Two Blockd Away 84th’ St. “L” Station at Our Door 3d Ave. Street ‘Cars Pass Our Door Great February Clearance Furniture Bargains at Tremendous Savings Our new business ($531,000,000) exceeded the new business in any pre- vious year by nearly $200,000,000. Our new business was written exclusively *on the lives of individuals who made application to the Company and does not include any so-called Group insurance. Our Mortality returned -to normal figures, after the heavy mortality | trom influenza in 1918, which extended through the first four months of 1919. The Russian Soviet Goternment by decree made life insurance a gov- ‘| erument monopoly in Russia and proceeded to liquidate the business of all life insurance companies, both domestic and foreign. Having by this decree | assumed our liabilities the government took possession ‘of our property in | Russia, including our investments which were chiefly railroad bonds guaran-. | teed by the Russian Government, and purchased with moneys accumulated from premiums paid by Russian policy-holders. With the concurrence of the Superintendent of Insurance of the State of New York, approved by the Convention of Insurance Commissioners of the various States, we have eliminated both Russian assets and’ Russian liabilities from our statement for the year 1919. 4-Piece Queen Anne Period American’ Walnut Suite Four pieces, consisting of Buffet, China Cicest,- $ .50 Serving Table and Dining Table 48 inches, i 309 foot extension; as illustrated, at. There are no material complications elsewhere in our foreign business. The decrease in assets at the end of 1919, by comparison with assets at the close of 1918, is due to the elimination of the Russian business and to the fact that in the assets at the close of 1918 there were about $22,000,000 which we had borrowed to purchase Liberty Bonds. Taking account of these iteans, the assets in 1919 made a normal incre: ase, r Safety funds ‘increased during the year over $5,000,000. | On December 31 our investments in Liberty Bonds and Victory Notes exceeded $100,000,000. Three-Piece Library or Living Room Suite Massive inguided frames, in Mahogany finish, ‘high- 599° ly polished, upholstered seats, back and arms in muleskin; indestructible springs in seats; as illustrated ‘DARWIN P. KINGSLEY, President Balance Sheet, January 1 1, 1920 | ASSETS t LIABILITIES yO rc irier anes $9,070,481.00 Policy Reserve. .,.. 5. isss00. $757,098,302.00 | Loans on Mortgages Rates 159,869,677.31 Other Policy Liabilities. ...... | 24,398,333. 52 | Loans on Policies -+ 145,185,934.77 | Premiums, Interest and Rentals ® | Loans on Collateral... . 159,000.00 prepaid... ... ; 4,350,124.68 | ARTICLE 52. Liberty Bonds and Victory Notes. 100,605,626.80 | Taxes,Salaries, |, Rentals, Ac- machine und the AN of mdjusting te machine when iw out of order, it] Government, State, County and counts, ete ie . 4,991,560.94 health, “Ohiroptuctic ie'ah tack scontiic msthod of deueratntig the toea-| p Municipal Bonds........-.-.. See eee, | Menu Renerven.¢ + 6,072,001.44 tion of any vertebra which, on account of its misalignment, is responsibje| Railroad Bonds. . 344,053,661.96 Dividends payable in 1920....... 32,045,775.56 € » to provide e fs adjusting or removing this cause more promptly and FERALRNEINTRY than | Miscellaneous Bonds and Stock. 8,339,274.69 | Reserve for Deferred Dividends 88,157,964.00 apy. other known method. Cas! cease) aoe 2.64 | ‘The philosophy of Chiropractic points to the source ef life and how it ih 501,542.64 | Reserves, special or surplus funds manifests itself in matter; the science of Chiropractic locates pregisely the | Cash. . =20,501,542.64 not ii 43 5 ‘point where the force is interrupted, producing disease. The art of Chi- Uneolle ed a ‘De fe wee a. included above..........., 43,897,967.91 ropractic traces the relation between the point of interruption of power and eter an orerr the portion of anatomy whieh suffers because of the lack of power, and it 13,993,352.96 is capable of removing the obstruction. x ‘The most frequent cause of nerve compression 18 a misaltgnment of the bones in the spinal coluznn between which the nerves pass as they leave | the spinal cord. ie 7 11,849,389.88 1} hindered, the nerves transmit 100 per cent, of energy. When epor' ii the Sow’ of eneruy ts leasence, disease is the condition wher | Fremuums reported to War Risk { ged nerves lead to. A light impingement may cause an ab-| Insurance Bureau under Sol- of function, while a heavy pressure inhibits its action and] iors? and Sailors’ Civil Relief : | ship of the Various members of the body and seo 2: | cedary effects are 1 far reaching. “For instance, if the Kidneys are at.| A€tereseesseeeerererseesenes 30,523.44 | | fected and cann - | — matter rem aaa nAak P re hae fer it fo i a ee Total ci caceiaocssespe + Sabi Re 18005 Total ; $961,022,120.05 practic Bureau 0! Publye information, Address all inquiries to C. B., Box 60, ‘The Bvening World, New YnK ‘Chiropractors of New York and New Jersey Raid Policy-holders during the year 1919 . $116,174,621. 00) iene Neer \ COME H HERE: COMPARE New York Life. feiaici Co.|.“4 National Cloak The only store that sells the overstocks of the National Cloak & Satt Co. No connection with any other store ” Choice of Any Women’ Ss. Winter Coat in Stock A final Clearance Sale that gives you a choice of 860 handsome Coats. Wool Velours, Wool Kerseys, Cheviots, Mixtures and’ Silvertones in sizes for women, misses and juniors. This season’s models, two of which are pictured. Such amazingly big values it will pay to buy now for next Fall's wear. Priced irrespec- tive of former price or value..:............--+- 1.160 Handsome Dresses—Choice $12.97. ettes, Chiffons, Tricotines and” Messalines. Dresses for prac- tically every occasion; sizes f for nearly all women and misses; styles to appeal to every taste; light, dark and medium colors. The trimmings include em- broidery, plaited frills, tucks, little touches of contrasting color. The making and finish. ing all you could desire. Choose from them all at the one below-cost price. rr <s ——4s — Smart Spring Shoes—A Big Bargain Price Pumps, Oxfords and high-cut Shoes in the styles pictured and others. Black, Gun Metal finish, Black or Brown Kid finished, and Black Patent Leather. Well made Shoes that are surplus stock from the National. Unmatchable values. Basement knit Underwear % Sweaters ait of mediOm weight | Girls’ Mercerized Sweater, yen white Ves; ankle length 396 artificial silk trimming sir Pan euperior quality Cot- ankld length; slightly | Cb oP Eo Women's Fim in Persian Ste, eith atfined ee se Magis Heavy Sureater of white ‘Wools mixed yarn; shaw] 85.05 oloring jon Nutt of selected 1.0; elbow sleeves; a length ne collar; sizes 36 qo 4: (PLOTU —Winter welzht N | Union sult of Cotton; sizes 38 to 40,_ | (PICTURED) — Wool-mixed siar| finished yarn; B6 to 46.. —O Oo —— Basen Here Are Four Extra Big Values for Men aly He RS Satin-striped Silk-Front Bhirt with body of matching cot- $497 ton shirting’ .. , Flannel Shirt of attrac- | Young Men's Uve dark gray striped pattern, Medium weight MORNING Here are a1 ext#® special bar- gains for the shoppers who are willing to help crowd this store in the morning hours, Moleskin | Double-breasted - Cordu- $ 49 loth Coat with roy Coat, with y} sheepskin collar $497 Vianket © lining = | andheavy lining and wide collar These bargains are desirable, seasonable and in every case be low what they can be bought for wholesale. None to dealers. oy Table Cloth of | iafamte, | Week bleached Cotton oe yes Paget: a8: | Saher ae “329 |"19¢ Waist of Vole combined with, Smart Sweater, Val Jace; | with ftre alk |e ih sx ¥| Wool Worst Pps “S59 trim: 3 to 6 yrs forms qr" Gin. Bane Misses’ Nainsook S11n, with eyelet idery| é. ene Fe ee CE Tee 970 te 5:30; Saturday, 9:00 te 6; oe en ne rE EE LL TT