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The sun. [volume] (New York [N.Y.]) 1833-1916, January 07, 1898, Image 5

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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
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