1880 .] 
[For Advertising Rates see page 170.] AMERICAN AGRICULTURIST. 
155 
THIRTY-FIFTH _AJSTNTJAL REPORT 
OF THE 
New-York Life Insurance Company, 
Office, Nos 346 & 348 Broadway. 
JANUARY 1, 1880. 
Amount of Net Cash Assets, Jan. 1, 1879, - 
Less deduction to cover decrease In value of U. S. Bonds and other assets. 
$36,213,457.61 
$135,966.93 
$36,077,490.68 
REVENUE ACCOUNT. 
Premiums.$6,382,875.25 
LeBB deferred premiums January 1,1879....... 379,839.09—$6,003,036.16 
Interest and rents. 2,339,8i5.93 
Less interest accrued January 1,1879... 306,225.93—$2,033,650.00—$8,036,686.16 
DISBURSEMENT ACCOUNT. 
Losses by death, including Reversionary additions to same. ... 
Endowments matured and discounted, including Reversionary additions to same.... 
Annuities, dividends and returned premiums on cancelled policies. 
Taxes and re-insurances. . 
Commissions, brokerages, agency expenses, and physicians’ fees. 
Office and law expenses, salaries, advertising, printing, etc. 
ASSETS. 
Cash in bank, on hand, and in transit (since received).. ..$ 1,961.701.48 
Invested in United StateB, New York City, and other stocks, (market value $14,356,192.94)...... 13,544,671.96 
Real estate. ..... 4,974,573.68 
Bonds and mortgages, first lien on real estate (buildings thereon insured for $14,287,000.00, and 
the policies assigned to the company as additional collateral security). 15,313,278.95 
Temporary loans, (secured by stocks, market value $1,300,000)... 850,000.00 
•Loans on existing policies (the reserve held by the company on these policies amounts to 
$3,160.000). 621,403.02 
•Quarterly and semi-annual premiums on existing policies, due subsequent to Jan. 1, 1880 . 367.9S9.02 
•Premiums on existing policies in course of transmission and collection (estimated reserve on 
these policies $330,000; included in liabilities). 211,625.23 
Agents’ balances. 22,199.23 
Accrued interest on investments Jan. 1, 1880 . 317,989.11 
•A detailed schedule of these items will accompany the usual annual report filed with the Insurance De¬ 
partment of the State of New York. 
Excess of market value of securities over cost.. 
$44,114,176.84 
$1,569,854.22 
1.015,256.22 
2,236,379.97 
173,608 64 
626,253.30 
307,392.81—$5,928,745 .16 
~$38^185,431 *68 
$38,185,431.68 
811,520.98 
Cash Assets, Jan. 1, 1880 
$38,996,952.66 
Appropriated as follows: 
Adjusted losses, due subsequent to Jan. 1, 1880. . $225,662.64 
Reported losses, awaiting proof, etc. 213,271.31 
Matured endowments, due and unpaid. 32,780.98 
Reserved for re-insurance on existing policies; participating insurance at four per cent Carlisle net 
premium; non-participating at five per cent Carlisle net premium . 84,016,840.82 
Reserved for contingent liabilities to Tontine Dividend Fund, over and above a four per cent re¬ 
serve on existing policies of that claBS... 1,371,482.18 
Reserved for premiums paid in advance. . 16,543.25—$35,876,581.18 
Divisible Surplus at four per cent..3,120,371.48 
$38,996,952.66 
Surplus, estimated by tbe New York State Standard at 41-3 per cent, over.$7,000,000.00 
From the undivided surplus of $3,120,371.48, the Board of Trustees has declared a Reversionary Dividend to participat¬ 
ing policies in proportion to their contribution to surplus, available on settlement of next annual premium. 
DURING THE YEAR, 5,534: POLICIES HAVE BEEN ISSUED, INSURING $17,098,173. 
$136,133,119. 
137,748.473. 
137,901,887. 
135,333,144. 
137,417,763. 
Jan. 1, 1876, $3,499,654. 
Jan. 1, 1877, 3,636,816. 
Jan. 1, 1878, 3,664,144. 
Jan. 1, 1879, 3,811,436. 
Jan. 1, 1880, 3,130,371. 
Number of 
Polices in force 
1875, *1,534,815., 
1876, 1,547,648. lncon,e 
1877, 1,638,138. from 
1878, 1,687,676. interest 
1879, 1,569,854. Inte,est 
Jan. 1, 1876, 44,661. , 1876, 
Jan. 1, 1877, 45,431. Amount \ 1877, 
Jan. 1, 1878, 45,605. -( 1878, 
Jan. 1, 1879, 45,005. at risk J 1879, 
Jan, 1, 1880, 45 705. v 1880, 
1875, *1,870,658. ( 
1876, 1,906,950. Divisible | 
1877, 1,867,457. surplus at] 
. 1878, 1,948,665. 4l>errent 
11879, 3,033,650* 4 per cent- l 
MORRIS FRANKLIN, 
WM. H. APPLETON, 
WILLIAM BARTON, 
WILLIAM.A. BOOTH, 
TRUSTEES: 
H. B. CLAFLIN, HENRY BOWERS, 
JOHN M. FURMAN, LOOMIS L. WHITE. 
DAVID DOWS, ROBERT B. COLLINS, 
GEORGE A. OSGOOD, S. S. FISHER, 
*DW. A. WHITTEMORE, 
WILLIAM H. BEERS. 
CHARLES WRIGHT, M. D„ 
EDWARD MARTIN, 
JOHN MAIRS, 
HENRY TUCK, M. D„ 
ALEXANDER STUDWELL. 
MORRIS FRANKLIN, President. 
WILLIAM II. BEERS, Vice-President and Actuary. 
THEODORE M. BANTA, Cashier. 
P. O’DELli, Superintendent of Agencies. 
CHARLES WRIGHT, M. D., ) Medical 
HENRY TUCK, M. D., J Examiners. 
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