[MAKda, 
AMERICAN AaRIGULTURIST. 
im..] 
COHDEITSED STATEMEITT 
OF TH E 
Mutual Life Insurance Company 
OF NEW YORK. 
F. S. WINSTON, PRESIDENT, 
For the Year Ending December Slst, 1876. 
REVENUE ACCOUNT. 
Dr. 
Cn 
To balance from last 
ac- 
By paid Death and Endow- 
count 
. . . $75,414,923 42 
ment Claims 
$4,459,458 52 
" Premiums received 
... 15.1.3R,70.3 3S 
" " Annuities 
24.611 49 
" Interest and Rents. . 
... 4,878,260 34 
" " Dividends 
" " Surrendered Poli- 
3,701,700 34 
cies and Additions. 
0,319,785 31 
" " Commissions (pay- 
ment of Current and 
extinguishment of 
future) 
670,967 49 
" " Contin<;ent Guaran- 
tee account 
56,100 83 
" " B.'ipenses and Tax- 
es 
064,302 35 
Balance to New Account. 
79,526,900 87 
$9o,4a9,aS7 12 
$95,429,887 12 
Dr. 
BALANCE SHEET. 
Cr. 
To- Reserve at four per cent. $77,302,002 00 
" Claims by Death, not yet 
■ due 610,750 00 
" Premiums paid in ad- 
vance 24,372-43 
" Contingent Guarantee 
Fii"d 654,842 .59 
" Surplus for Division... 3,568,161 57 
$82,360,188 59 
By Mortgages on Real Es- 
tate $60,836,200 18 
" United States arid State 
Bonds, etc 12,( 
" Real Estate 4,5 
" Cash in Banks and Trust 
Companies at interest 2, 
" Interest accrued 1, 
" Premiums deferred, 
quarterly and semi- 
annual 
" Premiums in transit, 
principally for Dec. .. 
Balances due by Agents. . . . 
>,673,569 33 
1,246,245 40 
,185,001 73 
,322,294 16 
92.3,332 99 
137,195 10 
18.349 70 
$82,360,188 59 
Preminme deferred and in transit in the foregoing Balance Sheet, liave been sub- 
jected to a deduction of twenty-flve per cent., by the Insurance Department, for the 
estimated cost of collecting the same. See Official Report below. 
THE REPORT OF THE EXAMINATION 
BY 
THE INSURA!JCE DEPARTMENT. 
Hon. Wm. Smtth, 
Acting Superintendent Mio York Insurance Department : 
In accordance with instructions received from you nnder appointment Number 
363, 1 report the completion of the examination into the affairs of The Mutual Life 
Insurance Company of New York. 
Made at a time when the annual investigation by the Trustees— as called for by 
the company's charter- was in progress, tlie work was considerably facilitated by 
each Department representative acting with one of the said Trustees, thus giving a 
double force with a check that was invaluable as to the correctness of the labor 
performed. 
The valnatlons of the Policies in force have been made in the Department under 
the supervision of Mr. D. H. Keefer, our Actuary, and have occupied his attention 
with that of the rest of our actuai-ial force not engaged in New York. 
The investments of the company, with other admissible assets, make a total of 
$82,076,706,87. 
_ ^ That the Company has been snccessfully managed is everywhere conceded; and 
It 18 very necessary th.at the cuslodians of this sacred trust fund should be men emi- 
nently '-.ompetent to guard zealously the moneys that in the future afford the protec- 
tion gnaranteed by contracts with the holders of ninety-two thousand one hundred and 
twenty-flve policies. 
The Company does not need any other endorsement by the Department than is 
shown in the assets and liabilities enumerated below, exhibitinga surplus, as regards 
policy-holders, of $10,262,879.44. 
A schedule giving In detail the information necessary for valuations of property. 
.$4,246,245 40 
,.60,856,200 18 
verification of title, <fec., of each of the seven thousand one hundred and flfty-six 
(7,156) mortgages, has been compiled, and with a list of uncollected and deferred pre- 
miums is now on file in the Department. 
The following was the condition of the Company on December 31st, 1876 : 
ASSETS. 
Real estate 
Bonds and mortgages 
Stocks and Bonds. Par Value. Market Value. 
V. S. bonds, registered $7,473,530 $7,907,340 62 
New York City bonds, registered 2,405,000 2,412,587 50 
Boston Water bonds, registered 500,000 556,250 00 
Providence, R. I,, bonds, registered 500,000 537,500 00 
Cherry Valley Town bonds 60,000 50,000 00 
City of Yonkers bonds 118,000 128,250 00 
Buffalo City bonds 140,500 145.417 60 
Elmiia City bonds 56,000 57,435 00 
Missouri State bonds 215,000 226,025 00 
San Francisco bonds 593,000 637,528 71 
TTnion Co,, N. J., bonds 14,000. 14,735 00 
Plainfield, N. J., bonds.... 1,500 _ 1,600 00 
$12,673,569 33 
$12,673,569 83 
2,183.001 73 
$12,063,550 
Cash in bank and trust companies 
Interest due and accrued 1,322,294 16 
Net uncollected and deferred premiums ' 795,396 07 
Total admitted assets, $82,076,706 87 
LIABILITIES. 
Net value of outstanding policies and additions $71,031,205 00 
Unpaid losses not yet due (including resisted claims) 758,250 00 
Premiums paid in advance. 24,.372 43 
Total liabilities $71,813,827 43 
Surplus as regards policy iolders 10,262 879 44 
Aggregate $82,076,706 87 
All of wtucii is respectfully submitted, 
t JOHN A. McCALL, Jh., 
Deputy Superintendent. 
The Superintendent in person was present during the examination of the United 
States securities, bonds and mortgages and other stocks and bonds owned by the 
Company, and took part in said examination. He desires to join with his Deputy in 
assuring the public that the system of management and accuracy of detail, as well 
ae the checks and individual responsibilities imposed on each person, who has any- 
thing to do with the loaning or investing the funds of the Company, command liis 
most hearty approval. The President and all other officers of the Company were 
most prompt and courteous in affording every information ; while so perfect is the 
organization of each department that any special item required was at once furnished 
with all its necessary and satisfactory vouchers. This will account for the fact that 
a corporation of such vast magnitude ana importance could be fully and satisfactorily 
examined in a few weeks, wliich, under ordinary circumstances, would have required 
as many months. 
William SMrTH, Acting Superintendent. 
GENERAL AGENTS. 
H. B. MERRELL, General .\gent for Michigan, Indians , Dlinois, Wisconsin, Iowa and 
Minnesota. Address MerreU & Ferguson, Detroit, Mich. O. F. BRESEE, 
General Agent for Virginia, West Virginia, District of Columbia, Maryland, 
Kentucky, East Tennessee, Interior of the Carolinas, and Northern Georgia, 
15 South Street, Baltimore, Md. JOHN G. JENNINGS, General Agent for 
Ohio, Cleveland, Ohio. JOHN W. NICHOLS, General Agent for Connecticut, 
New Haven, Ct. PAYETTE P. BROWN, General Agent for Vermont, and 
the Counties of Dutchess, Ulster, Orange, Pntnam, Westchester, Rockland, 
Sullivan, Delaware, Broome, Tioga and Chemung, in State of New York, 
Yonkers, N. Y. DERICK L. BOARDMAN, General Agent for Northern and 
Western New York. Address Christie & Boardman, Troy, N. Y. A. B. FORB ^ S, 
General Agent for Pacific Coast, San Francisco, Cal. AMOS D. SMITH, 
3d, General Agent for Massachusetts, Boston, Mass. W. D. LITTLE, General 
Agent for Maine and Mew Hampshire, Portland, Me. P. W. VANUXEM, Gen- 
eral Agent for Pennsylvania and Delaware. Address, Vanuxem, Bates & Lam- 
bert, Philadelphia, Pa. BYRON SHERMAN, General Agent for Missouri, 
Kansas, Nebraska, Colorado and Western Arkansas, and Dakota and Wyoming 
Territory, 300 Fourth Street, St. Lonis, Mo. C. A. HOPKINS, General Agent 
for Rhode Island, Providence, R. I. CHARLES H. RAYMOND, No. 141 
Broadway, Gener.il Agent for New York City, Long Island and Staten Island. 
GEO. B. R.\YMOND, General Agent for New Jersey, 749 Broad Street, 
Newark, N. J. 
