TWENTY-FOUR PAGES. 



SCIENCE 



Seventh Year. 

 Vol. XIII. No. 315. 



NEW YORK, February 15, i5 



Single Copies, Ten Cents. 

 J3.50 Per Year, in Advance. 



Forty-first Annual Report 



OIF THE 



P 



EI 



OF PHILADELPHIA. 



NET ASSETS, 



Jan. 1, 1888 $11,827,556 83 



RECEIPTS DURING THE YEAR: 6;9,fs,, 



For Premiums $2,640,561 08 



For Interest, etc 717,46434 ^3,358,025 42 



$15,185,582 25 



DISBURSEMENTS : 



Claims by Death $823,324 00 



Matured Endowments 75,237 00 



Surrendered Policies 202,002 40 



f Premium Abatements 519,532 54 



Re-Insurance 4,269 99 



Total Paid Policy-hold- 

 ers $1,624,365 93 



Added to Reserve 1,095,006 00 



Taxes and Legal Expenses.. . . $66,443 °° 



Salaries, Medical Fees and Of- 

 fice Expenses 1 18,403 98 



Commissions to Agents and 



Rents 296,253 08 



Agency and other Expenses. . . 98,017 21 



Advertising, Printing and Sup- 

 plies 25,510 93 



Fire Insurance and Office Fur- 

 niture 4,664 08 $2,233,658 21 



NET ASSETS, 



Jan. I, 1889 $12,951,924 04 



f Being sums allowed in reduction of collectible premiums. 





ASSETS: 

 City Loans, Railroad and Water Bonds, Bank 



and other Stocks $5,871,695 16 



'pints' Ground Rents 4,044,729 74 



.!""l^"Kji-^ secured by Policies, etc 613,720 04 



Loans on Collaterals, etc 1,263,745 07 



Home Office and Real Estate bought to se- 

 cure Loans 690,494 07 



Cash in Trust Companies and on hand 4^7,539 96 



Net Ledger Assets, as above, $12,951,924 04 



Net Deferred and Unreported Premiums.. . . 330,277 95 



Interest, Due and Accrued, etc 89,049 46 



Market Value of Stocks, Bonds, etc., and 



Real Estate over cost 416,176 84 



$13,787,428 29 



Gross Assets, January i, 1889, 



LIABILITIES: 



Losses reported, but awaiting 



Proof $69,560 00 



Reserve at 4 per cent to Re- 

 insure Risks ii,5°7,7i7 00 



Surplus on Life Rate Endow- 

 ments,and unreported Poli- 

 cies, etc 360,943 80 



Surplus, 4 per cent basis ... . 1,849,207 49 $13,787,428 29 



Surplus at 4 1-2 per cent Pennsylva- 

 nia Standard (Estimated) $2,521,549 00 



New Business for the Year, 5,666 

 Policies for 14,630,744 00 



Insurance Outstanding, December 

 31, 1888, 27,714 Policies for 68,372,882 00 



TRUSTEES. 



William H. Kern, 

 James O. Pease, 

 Thomas W. Davis, 

 Joseph M. P. Price, 

 Charles Watson, 

 Elhvood Johnson, 

 William C. Houston, 



Joseph B. Hodgson, 

 Howard Hinchman, 

 William H. Rhawn, 

 Atwood Smith, 

 John H. Watt, 

 N. Parker Shortridge, 

 Richard S. Brock, 



Benjamin Allen, 

 John Scott, 

 Charles J. Field, ' 

 Robert Dornan, 

 William M. Runk, 

 R. Allison Miller, 

 Henry S. Eckert, 



Noah A. Plympton, 

 Benjamin S. Bentley, 

 Frank Markoe, 

 Harry F. West, 

 Lincoln K. Passmore, 

 George K. Johnson, Jr 



EDWARD M. NEEDLES, President. 

 HORATIO S. STEPHENS, Yice-Piesident. 



HENRY C. BROWN, Sec'y an^.tfj^eas^rr^ 

 JESSE J. BARKER, Actuary. . 



