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fl ' V i irafrsmfe JDAY, JANUARY 7,' 1868. . . . JEtl fl I FIFTY-THIRD ANNUAL STATEMENT 1 J New-York Life Insurance CompanyJ I Nos. 346 & 348 BROADWAY, NEW YORK CITY. , 1 . lilf til 1 JOHN A. McCALL, - - - - - - President. AM I BALANCE SHEET, JANUARY 1st, 1898. 1 'MB F ' - . nr". b r- . I ASSETS. M United States Bonds ($4,?2?,000) and State, City, County and other Bonds ($10,8J0,803), cost ! of both, $103,384,604, market value , . $108,173,803 il Bonds and Mortgages (900 first liens) 41,082,422 jl Real Estate (74 pieces, including twelve office buildings) 16,991,000 m Deposits in Trust Companies and Banks, at interest ' 10,243,984 Loans to Policy-holders on their policies as security (legal reserve thereon, $13,747,893) . . . 7,900,096 Stocks of Banks, Trust Companies, &c. ($4,047,817 cost value), market value, Dec. 31st, 1897 . 5,06,948 Loans on Stocks and Bonds (market value $?,626,6JJ) 4,?07,367 Premiums in transit, reserve charged in Liabilities . . 2,164,297 Quarterly and Semi-Annual Premiums, not yet due, reserve charged in Liabilities ..... 1,889,474 Interest and Rents due and accrued 1,486,648 Premium Notes on Policies in force (reserve charged in Liabilities $2,700,000) 1,189,401 TOTAL $200,694,440 CASH INCOME, 1897. "' New Premiums $6,659,81? Renewal Premiums 26.321.14J TOTAL PREMIUMS . . . . $32,980,960 Interest, Rents, etc 8,812,124 1 TOTAL $41,793,084 New Business Paid for in 1897, $135,555,794. Total Paid-for Ins. in force, $877,020,925. Gain in 1897, $50,204277. Jfj , , BONDS AND STOCKS OWNED BY THE COMPANY DECEMBER 31st, 1897. - j BONDS OWNED. IUU Yaload Uirk.t Yal. .flal. M DM.81,'07. p. S. Gov't 5s, 1904, valued at 113 . $3,904,250 U. S. Gov't 4s, 1907, " ill . . 888.660 . S. Gov't 6s, 1899, " 100 . . 80.200 i w S4.323.000 Chicago & Northwestern Cons. S. P., 1915 .... 75 136 2.871.760 kujjlin Gov't Nobility Agrarian Bank 4 97 2.855,776 New York, Lake Erie & Western, 1st Com, 1920 . 7 137 2.760,000 (Central R. R. of N. J.. Gen. Mtge., 1987 5 110 2.646,000 Chicago & Northwestern Debentures, 1921 . . . . S 105 2.100.000 Chicago, Burlington & Quincy, 1st Mtee., 1903 . . 7 114 1,710.000 I p. Y., L. Erie & Wesfn Docks & Imp't Co., 1913 . 6 105 1,675,000 Outens Co., N. Y., various dates 4 109 1,531,639 Et Paul & Northern Pacific, 1st Gen. Mice., 1923 . . 6 122 1,470,000 North'n Pacific R. R. & L. G., 1st Mtge., S. F., 1921 . 6 115 1,380.000 Bt. Paul, Minneapolis & Manitoba, 1st Cons., 1933 . 6 122 1,347,500 jNew York, Lackawanna 8c West'n, 1st Mtge., 1921 . 6 132 1,326.000 Lone Dock Co., 1st Mtge., 1935 6 132 1,325.000 J (Chicago, St. Paul, Minn. & Omaha, Cons., 1930 . . 6 125 1,312.600 Fremont, Elkhorn & Mo. Valley Cons., 1933 ... 6 130 1,300.000 Chicago & Western Indiana, Gen'l S. P., 1932 . . . 6 115 1,285.700 Austria, Gold Rentes 4 120 1.279.874 lAtchlson, Topeka & Santa Pe, Gen., 1995 .... 4 83 1,252,600 'Atch.Top. & St. Fe Guar. Fund Notes, 189S ... 6 100 1,240.000 Cleveland, Col., Cin. & Ind. Gen. Cons., 1934 . . . 6 122 1,225.000 Hew York Central 8: H. R., 1st Mtce., 1903 . ... 7 116 1,160.000 New York City, Park, 1913 2i 104 1,144,000 Prussian Government 3 97 1.135,184 Central of Georgia, 1st Mtge, 1945 5 110 1,100.000 Lehljh Valley Terminal, 1st Mtge., 1941 5 108 1,080.000 New York & Harlem River, 1st Mtge., 1900 . ... 7 107 1,076.000 W. Shore, 1st Mtge., guar, by N. Y. C. fit II. R.,2361. 4 107 1,076,000 Canadian Pacific L. G., 1st Mtge., 1931 5 108 1,072.440 Pitts , Cln., Ch. & St. Louis, Cons. Ser. A., 190 . . Vt 106 1,066,000 Metropolitan St. Ry., N. Y., Gen'l, 1997 5 105 1,050,000 Louisville 8c Nash., Mobile fit Montgomery, 1945 . . 4 103 1,036.000 I Cincinnati, Hamilton 8c Dayton, Gen'l Mlge., 1942 . 5 103 1,030,000 ( W. Paul, Minneapolis 8c Manitoba, Cons., 1933 . . . 4 103 1,030,000 g Illinois Central, Western Lines, 1st Mtge., 1951 . . 4 102 1,020.000 y Central Pacific, Extended, 1901 5 100 1.000,000 Illinois Cent'l, 2-10 yr., 1904 4 100 1,000,000 Adirondack, 1st Mtge., 1942 Ay, 102 973,760 Illinois Cent'l, Louisville Div. 8c Term'l, 1953 . . . 3 95 950,000 I Illinois Cent'l, St. Louis Div.ficTerm'L 1951 ... 3 95 050,000 lUliw Government 4-A1, 98 935,787 Missouri Pacific, 1st Cons., 1920 6 92 926.000 Sanitary Dist. of Chicago, 1898-1915 A1, 101 900,000 Central R. R. 8c Bkg. Co. of Ga., Coll. Trust, I9J7 . 5 90 900,000 Morgan's La. 8c Texas, 1st Mtge., 1918 7 120 000.000 Albany 8: Susquehanna, 1st Cons., 1906 7 116 866-695 , J'r"y City, N. J., various dates 5 105 836.475 . Lehigh Valley of N. Y., 1st Mtge., 1940 4Jj mi 808.000 Sanitary Dist. of Chicago, 1898-1906, 1911, 1912 . . 5 103 796.190 A Midison Square Garden Co., 1st, 1919 5 100 749,000 Tennesseafc'tate, 1913 3 85 711,450 Chesipeake 8c Ohio, 1st Cons., 1939 5 108 702,000 People's Gas Light 8c Coke Co , 1904 0 107 674.562 1 Chicago, MiL 8c St. Paul, H. 8c D. Div., 1910. ... 7 125 667.500 1 Oregon Short Line, 1st, 1922 6 120 600.000 I New York City, Exempt, 1927 3 106 608.402 Cincinnati, iandusky 8c Cleveland, 1st Cons, 1928 . 5 104 594,880 1 Savannah, Florida 8c Western, 1st Mtge., 1934 ... 6 112 662.500 1 Chicago 8c Northwestern, Iowa Div., 1902 . . . . 4$ 102 662.376 East Tenn., Va. 8c Ga., Cons., 1956 5 107 642,875 II Brooklyn Union Gas Light Co., 1945 5 107 637,500 "rll'n Pacific Terminal, 1st Mtge., 1933 .... 6 102 635.500 M Minneapolis Union, 1st Mtge., 1922 5 104 630.400 Rat. Valued Market Val. of Int. at Dec. 31,'U7. Northern Illinois, 1st Mtge., 1910 ....... S 105 $525,000 Willmar 8c Sioux Falls, 1938 ,5 105 626,000 Louisville, Ky., 1928 4 105 625,000 Denver 8c Rio Grande. 1st Cons., 1936 ..... 4 86 523,325 Lowell 8c Suburban SL Ry., 1st Mtge., 1911 .... 5 102 512,500 Bur. 8c Mo. River, 1st, 1913 ......... 6 107 608,475 Sav., Fla. 8c West'n, 1st, 1934 5 lot 605,000 New York City, Street, 196 ...,..,., 3 100 600.000 Seattle, Wash., 1912 5 100 600,000 Essex County, N. J., various dates 3" 100 600,000 Panama R. R., 1st S.F., 1917 4 100 500,000 Chicago 8c Northwestern, S. F., 1929 6 113 499,400 ChateaugayOre&IronCo.,lst,1929l(guar.byD.&H.) 6 122 490.000 Cedar Rapids, I. F. & Northwestern, 1st Mtge., 1921. 5 100 490,000 Western Union Telegraph Co.. 1938 5 106 469,665 Mahoning Coal, 1st Mtge., 1934 , . , 5 H5 460,000 American Dock & Improvement Co., 1921 .... 5 112 450,000 West Chicago, III., 1910 5 103 426,420 Essex Co., N. J., 1926 4 105 420,000 Russian Gov't Southwestern Railway .....'. 4 97 412,132 St. Paul Gas Light Co., Gen'l Mtge., 1944 ..... 5 SO 400.000 New York City, Dock, 1924 3 100 400,000 Wheeling 8c Lake Erie, 1st Mtge., 1926 1 .... 5 too 400,000 Toledo Traction Co., 1909 5 96 384,960 Metropolitan Elevated, 1st Mtge., 1908 ..... 6 116 372.360 Midland of New Jersey, 1st Mtge., 1910 6 115 368,000 Cleveland, Col, Cinn 8: Ind's, 1st Cons., 1914. . . 7 125 360,000 Morris Co., N. J., 1935 4 102 357,000 Dallas City, Texas, 1928-1931 5 100 355.000 Evansville 8c Indianapolis, 1st Cons., 1926 .... 6 75 347,250 Nash., Chat. 8c St. Louis, 1st Cons., 1928 5 98 346,625 St. Louis 8c San Francisco, Gen'l, 1931 6 114 342,000 Taunton Street Ry., 1st Mtge., 1914 5 97 341,250 D. 8c II. Canal Co., Penn. Div., 1st Mtge., 1917. . . 7 140 336,000 Evansville &Terre Haute, 1st Cons., 192t .... 6 110 330,000 Union Savings Bank 8c Trust Co., Coll. Trust, 1893 . 6 100 328,000 Louisiana Western, 1st Mtge., 1921 .6 105 316,000 Jersey City, N. J., 8 1-5 years 7 119 313,175 Ohio, Ind. 8c Western (Preference), 1st, 1938 ... 5 103 309,000 Jefferson County, Ala., 1917 8c 1921 ...... 6 105 304,600 Salt Lake City, Utah, 1914 5 101 303,000 Texas 8c New Orleans, 1st Mtge., 1905 ...... 7 107 302,810 St. Louis 8c San Francisco, Gen'l, 1931 5 100 300,000 New York City, School, 1913 3 100 300.000 Nashville City, Tenn., Water, 1919 .4 100 300.000 Atch.,Top. & St. Fe, Adjustment, 1995 4 50 300.000 Cievel'd.Lorainc 8c Wheel's, Equip. Notes, 1932 . . 5 too 280.000 Chicago 8c St. Louis, 1st Mtge., 1915 6 110 276.000 Long Island City, N. Y., various dates 4 100 264.000 Chic, Rock Island & Pac, 1st Ext. & Coll., 1934 . . 5 102 266.250 ToL 8c Ohio Cent'l, West'n Div., 1st Mtge., 1935 . . 5 102 266,250 Chicago 8c Northwestern, Gen. Cons., 1902 . ... 7 113 255,375 Davidson County, Tenn., 1915 AY, 101 254,375 Cleveland, Loralne 8c Wheeling, 1st Cons., 1933 . . 5 100 260.000 New York, Susq. 8c Western, 1st Refunding, 1937 . . 5 100 250.000 Brookline Gas L't Co., Mass., Gen. Mtge., 1913. . . 5 100 260.000 Richmond City, Va., 1925-1926 4 100 250.000 Baltimore & Ohio Car Trust, 1900 ....... 5 100 250,000 Kansas City, Cable, 1st, 1901 5 100 250,000 Denver & Rio Grande, 1st Mtge., 1900 7 106 245,920 Milwaukee Elect. Ry. & Light Co., 1926 . , . . . 5 98 246,000 Kansas City, Mo., Gas, 1st, 1922 ........ 5 97 244,082 Chicago & Eastern Illinois, 1st Cons., 1934 .... 6 121 242.000 St. Paul, Minn. 8c Manitoba, Mont. Ex., 1937 ... 4 93 233.760 Mem.8cCh'ton1istCons.,T.L.,i9t5,TrustCo.recelp 7 loo 225.000 Taylor Falls & Lake Superior, 1st Mtge., 1914 ... 6 106 222.000 I EDWARD N. GIBBS, Treasurer, JOHN CLAFL1N. CHARLES S. FAIRCHILD, if ' Ircaburcr A, h. WELCH, WOODBURY LANQDON, J f Chairman. EDMUND D. RANDOLPH, WILyAM R. GRACE, 1 LIABILITIES. V jj Policy Reserve (per attached certificate of New York Insurance Department) $164,956,079 J -k AH other Liabilities: Policy Claims, Annuities, Endowments, &c, awaiting presentment for p J payment 2,366,0 $ Surplus Reserved Fund voluntarily set aside by the Company 16,19?926 J J Net Surplus (per attached certificate Insurance Superintendent) December 31, 1897 17,176,'lOf i . $ IOTAL $200,694,440' I I EXPENDITURES, 1897. ,: i f 1 Paid for Losses, Endowments and Annuities $14,0!2,908 & Paid for Dividends and Surrender Values Mi I Commissions ($,239,964) on New Business of $1 $!,! ,794, Medical Examiners' Fees, and j'3 I Inspection of Risks ($391, MS) 3,634,099 $ Home and Branch Office Expenses. Taxes, Advertising, Equipment Account, Telegraph, '"j? -f Postage, Commissions on $741,465,131 of Old Business, and Miscellaneous Ex- ,',t ; penditures 4,77039!) ,f: Balance Excess of Income over Expenditures for year 13,982t45( $ TOTAL $41,793084 Rate Valued Market Val. of Int. at Dec. 31, '07. Fort Worth, Texas, Water, 1922 ( no $220,000 St. Paul, Minn., Water, 19J2 4 loo 218.000 St. Paul Gas Light Co., Cons. Oxtn.. 1918 .... 6 105 210.000 St. Paul Gas Light Co., 1st Mtge., I9ts 5 105 210.000 Whatcom County, Wash.. Funding, 1911 6 105 210.000 Montgomery, Ala., various dates 6 105 210.000 Whitman County, Wash., Funding, 1912 5 103 207.000 Quebec City, Canada. 1914-1922 Alt 103 206.750 Pierce County, Wash., 1912 5 102 205.000 Massachusetts State, 1915 3 100 200.000 Austin City, Texas, 1930 5 100 200.000 South Carolina & Ga., 1st Mtge., 1919 5 94 198.340 Thirty-fourth St. Crosstown Ry., 1st, 1996 . ... 3 112 196.437 Salt Lake City, Utah. School District, 1902-1913 . . 5 101 191.900 Salt Lake City, Utah, 1908, 1912 5 101 191.900 St. Joseph, Mo., School Board, 19M 4 98 188.160 Kal., Allegan. & G. R., 1st Mtge., 1933 5 US 186,300 Indianapolis & St. Louis, 1919 7 125 176.250 Galveston City, Texas. 2SU years 5 100 175,000 Cincinnati, Lafayette & Chicago. 1st Mtge., 1901 . . 7 106 171.062 Kansas City, St. Jo. & Council Bluffs, 19P7 . ... 7 120 168.000 Rome, Ga., 1926 A1, 100 168.000 Louisiana & Missouri River, 1st Mtge., 1900 ... 7 107 151.575 Pierce County, Wash., Funding, 1911 6 104 150.800 Evansville & Indianapolis, 1st Mtge., 1924 . . . . C 75 150.000 Evansville & Terre Haute. 1st Gen'l, 1942 5 75 150,000 San Antonio, Texas, 1917 5 100 148,000 Cuyahoga County, Ohio, 1918 5 too 145.000 Equitable Gas Light Co., 1st Mtge., 1899 C 101 143,420 Atlanta City, Ga., 1923 4 loo 132.000 Hungarian Gov't Rentes of 1S87 '. . 4 122 122.305 Chicago, Mil. & St. Paul II. & D. Div., 1910 .... 5 105 120.750 Rochester & Pittsburgh, 1st Cons., 1922 6 117 117.500 Flint & Pere Marquette, 1920 6 112 112.500 Memphis & Ohio, is, 1901 7 109 109,250 Ottawa City, Canada, 1903 5 107 107.000 Louisiana & Missouri River, 2d Mtge., 1900 .... 7 10S 105,002 Memphis City, Tenn., Taxing Dist, 1915 6 105 105,000 Burlington, Cedar Rapids & Northern, 1934 .... 5 102 102,000 Dallas City, Texas, Funding, 1917 6 107 101,650 North Knoxville, Tenn.. 1919 5 100 100,000 Worcester & Suburban Street Ry., 1st, 1915 ... 5 100 lOO.OL'O Georgia Southern & Florida, 1st, 1945 5 100 100.000 Peoria Township, 111 , Funding, 1910 5 101 98.980 School District, Spokane Co, Wash., 1910 . . . . C 108 97.200 Swedish Government, 1961 34 99 04.724 Peoria, Decatur & Evansville, Evans. Div , t920 . . 6 100 94,000 Russian Government, Nicholas Ry 4 97 93.307 New York, Ontario & West'n, Refund, 1992 ... 4 93 93.000 Western Transit Co., guar, by N.Y.C, 1903. . . 4! 102 91.800 Utah Territory, 1908 5 105 91,350 Chicago & Eastern Illinois, 1st S. F 1907 .... 0 109 87.400 Quebec, Province, 1908 5 108 86.800 Douglass County, Neb., Refunding, 191 1 .... 5 102 81.600 New York City (Morrtsania & West Farms) ... 7 125 81,250 School Dls. (Portland), Multnomah Co., Ore., 1913 . 6 1C8 81.000 Rochester & Pittsburgh, 1st .Mtge., 1921 .... 0 120 78,000 Buffalo, New York & Erie, 1916 7 131 65.750 Lincoln County, Wash., Funding Series t, 1912 . . 6 105 03.000 Richmond City. Va., 1904 8 120 60,000 Madison County, Ala., 1929 5 100 60.000 Tazewell County, III., Funding, 1905 4 100 60.000 Brazilian Government, Int, Gold 4 120 60,000 Virginia & Tennessee, 1900 8 103 59.740 Louisiana State, 1914 . 4 93 68.800 Milwaukee & Northern, 1st, I9IO . ...... 6 115 67.600 1 J-1 nata Valued Market VaL 1 or Int. at Deo. 81. '07. 4 Terre Haute & Indianapolis Equip. Notes, 1893 . . . 6 100 $65,655 I 't Michigan Central, 1st Mtge., 1902 7 HI 65.500 1 t Iowa Midland, 1st Mtge., 1900 8 109 64,600 A Lake Shore & Mich. South., 1st Mtge., S. F., 1900 . . 7 105 52.500 tij Pittsburgh. Cin. & St. Louis, 1st Cons., 1900 ... 7 105 62.600 W& American Safe Deposit Co., 1st Mtge., 1903 .... 6 105 52.500 '1 Middletown, Conn., 1915 4 103 61,600 i .1 Union Ry., N. Y 1st Mtge., 1942 5 102 61.000 'J' Alabama State, Class A., 1906 5 105 60400 San Antonio, Texas, 1898 6 100 60.000' jUr Maysville & Lexington, 1st, 1906 7 116 48.930 f j Detroit & Mackinac, 1995 4 60 48.600 I A Waco City, Texas, 1920 5 100 48.000 j M Northwestern Grand Trunk (Mich.), 1910 .... 6 108 46,3601 jj Wurtemburg Government 3J 100 45J220B jfl Bur., Ced. Rapids & Northern, 1st Mtge., 1906 ... 5 105 44,100 - Ramsey County, Minn., 1905 41i 103 41liOCyp '' M Russian Government Interior Ry 4J 101 41,810 'f tT3 Peoria, Dec. & Evansv'e Main Line, 1st Mtge., 1920 . 6 100 41,000 ' San Antonio, Texas, 1916 6 100 40.000 J Russian Govt., Mos., Jar. & Arch. Ry 4 96 38.358 V Butler County, Ohio, 1924 4J4 106 31.800 ' Petersburg City, Va., 1905 6 104 81.200 ,' Russian Government, Orenberg Railway 4 97 81.200 I Evansville, Terre Haute & Chic, 1st Mtge., 1900 . . 6 102 30.600 ; Chicago & Southwestern, 1st, 1899 7 105 30,067 ( Callaway Cpunty, Mo., 1907 5 100 26.000 ' Findlay.Ohio 6 105 26,200 I South Georgia & Florida, 2d, 1899 7 105 26.200 1 Memphis & Charleston, 1st, 1915, Trust Co.'s Receipt 7 100 26.000 J Flatbush, N. Y., Water, 1911 . 6 122 24.600 V Cuba, Loan of 1890 5 77 22,291 Mississippi State. 1919 4 100 20.000 Swiss Gov't, Loan of 18S9 3V, 100 19,300 ' Bulgarian Government. French Rentes 31, 105 19.261 - Russian Government State Rentes 4 93 19.168 ', Havana Treasury, Gold, Cuba 6 80 17,279 '. Ari?ona Territory, Funding. 1942 5 102 16.300 ' South Georgia & Florida, 1st, 1899 7 103 8.260 " Midland Terminal Equip. Notes, 1893 6 100 0.000 ':) Atlanta City, Redemption, 1916 4JJ 102 6.100 '; Servian State Loan 4 63 3,769 Total Market Value of Bonds owned, $108,173,803. ijotal Cost Value of Bonds owned, 103,384,605. t r. 1 STOCKS OWNED. J 1807 Valued Market YtJ. "" Dlv'i at Deo. 81,'ST. I New York Security & Trust Co., N.Y. 10 300 $1,623,000 I Chicago & Northwestern Railroad, Preferred ... 7 150 1,600.000 ,1 Chicago, Milwaukee & St. Paul, Preferred .... 7 133 840.000 1 Valley Railroad, 5 per ct., guar, by D., L. & W. . . 5 107 637.600 Ft.Wayne& Jackson SHpetct., guar, by LS&Mich.S. 5) 125 187.600 1 Atch., Top & St. Fe, Preferred 25 166.260 J Central National Bank, N. Y 7 150 160,000 American Exchange National Bank, N. Y 7 165 16.600 Merchants' National Bank, N. Y 7 140 13.090 Evansville & Terre Haute Railroad 23 13,033 Bank of America, N. Y 14 325 12.676 National Bank of Republic, N. Y. 8 150 1,660 Total Market Value of Stocks owned, $5,065,948. . VTotal Cost Value of Stocks owned, 4,047,816. t Total Market Value of Bonds and Stocks, $113,239,751 h (Finance Committee. .4 , jii jit t J . Total Cost Value " " $107,432,421 , 4 t , y feJJl-5& . -y,"ir. , '.- irJMiioiiiW tiLkiMif"-- -v' '- -- W