52 
THE RURAL NEW-YORKER 
January 21, 1005. 
THE PROTECTION OF ONE MILLION FAMILIES 
NEW-YORK LIFE INSURANCE COMPANY 
JOHN A „MoCALL, President. 
BALANCT ° IIIEET, JAITUAB.X 1, 1903. 
ASSETS. = 
Government, State, City, County and other Bonds, cost value_ 2. . $287,062,384 
(Market Value, $294,309,761.) 
(Company does not include in Assets the excess $7,247^ •“’* if 
market value of Bonds owned over cost.) o ~ 
Bonds and Mortgages (413 first liens).^ . 23,595,105 
Deposits in 489 Banks throughout the world (at interest $15,241m 2 . 17,694,110 
Loans to Policyholders on Policies as security (reserve value uitfeof, 
$50,000,000) .. 35,867,475 
Real Estate, 23 pieces (including eleven office buildings, valued 
at $10,940,000) . 13,257,500 
Quarterly and Semi-Annual Premiums not yet due, reserve charged 
in Liabilities . 4,086,171 
Premium Notes on Policies in force (Legal Reserve to secure same 
$5,500,000) 3,331,618 
Premiums in transit, reserve charged in Liabilities. 2,746,326 
Interest and Rents accrued. 2,469,571 
Loans on Bonds (market value, $783,565). 550,000 
(Company does not invest in stocks), 
TOTAL ASSETS.$390,660,260 
INCOME 1904. 
New Premiums . $16,133,824 
Renewal Premiums. 64,422,754 
Total Premiums . $80,556,578 
Interest receipts from: 
Bonds owned . $10,634,987 
Mortgage loans . 1,069,232 
Loans to Policyholders, secured by Policies. 1,943,063 
Bank Deposits and Collateral Loans. 702,056 
Total Interest Receipts . 14,349,338 
. 946,723 
. 499,688 
. 538,945 
Rents from Company’s properties....... 
Profits realized on Securities sold during the year.... 
Deposits on account of Registered Bond Policies, etc. 
TOTAL CASH INCOME.$9 6 891.272 
New Business Paid for in 1904 ( Policies) , $342,212,569 
GAIN IN 1904 «82.) $15,554,323 
LIABILITIES. 
Policy Reserve (per certificate of New York Insurance Dept.) 
Dec. 31, 1904 . $336,222,459 
All other Liabilities on Policies, Annuities, Endowments, etc., await¬ 
ing presentation for payment... 6,909,661 
.Reserve on Policies which the Company voluntarily sets 
aside excess of the State's requirements. *6,830,023 
Reserve to provide Dividends payable to Policyhold" rs 
during 1005, and thereafter, as the periods mature : 
To holders of 20-Year Period Policies. 24,082.787 
15-Year Period Policies. 5,7.36,259 
10-Year Period Policies. 344,001 
5-Year Period Policies. 303,837 
Annual Dividend Policies.... 808.953 
To holders of 
To holders of 
To holders of 
To holders of 
Reserve to provide for all other contingencies.8,461.680 
Total (not including $7,247,377 excess of market value of Bonds owned 
over cost) . 
47,528,140 
TOTAL LIABILITIES.$390,660,260 
DISBURSEMENTS 1904. 
Paid for Death-Claims ($19,734,245), Endowments (5,051,629), and 
Annuities ($1,723,160) . $26,509,034 
Paid for Dividends (5,989,491) Surrender Values ($7,790,058) and 
other Payments (95,279) to Policyholders. 13,874,828 
Commissions and all other payments to agents $7,276,850 (on New 
Business of year $342,212,569) ; Medical Examiners’ Fees $788,761, 
and Inspection of Risks $178,155. 8,243,766 
Home and Branch Office Expenses, Taxes, Legal Fees, Advertising, 
Equipment Account, Telegraph, Postage, Commissions on $1,586,- 
396,739 of Old Business and Miscellaneous Expenditures. 11,204,101 
*Total Disbursements . $59,831,729 
Balance for Reserves—Excess of Income over Disbursements for year. . 37,059,543 
♦The expense Ratio for 1904 is lower than for 1903. 
TOTAL DISBURSEMENTS AND BALANCE FOR RESERVES, $96,891 272 
Total Paid-for Insurance in force (^Policies) | $1,928,609,308 
GAIN IN 1904 $183,396,409 
IN WITNESS WHEREOF, I have hereunto subscribed my name and caused my official seal to be affixed at the City of Albany, the day and year first 
above written. _ FRANCIS HENDRICKS, Superintendent of Insurance. 
The Detailed Annual Statement of the Company, giving: list of securities held, etc., will be supplied on application. Address, 
NEW-YORK LIFE INSURANCE COMPANY, 346 and 348 Broadway, New York. 
GOOD INCOMES FOR ALL 
25to30 per cent commission 
to get orders for our celebrated Teas, 
Coffees, Spices, Extracts and Baking 
Powder. Beautiful Presents and Coupons 
with every purchase. CHARGES PAID. 
For prompt attention address Mr. J. J. 1). 
care of 
THE GREAT AMERICAN TEA CO., 
P. O. Box 289, 31-83 VeseySt. ,New York 
W E have a splendid proposition to present to Farm¬ 
ers, Stockmen. Grange and Farmer's Clubs.and we 
want active agents and Farmers themselves to apply 
for our agencies in every neighborhood. 
THE INTERNATIONAL SILO CO., Jefferson, O. 
™‘„r” AIR-COOLED GASOLINE ENGINE 
attached to horizontal spray pump, it cun,however 
be attached to any make, either horizontal 
orvertical. We furnish spray pump con¬ 
nection in place Of walking beam. Ample 
power, handling with ease eight nozzles at 
100 pounds pressure. Absolutely guaran¬ 
teed. Write for particulars. 
R H. Deyo & Co., liiugliamton, N.Y. 
NET PRICES ON PAGE FENCES 
quoted you, and freight to your station. Just say 
how much fencing, what kind or for what purpose. 
Page Woven Wire Fence Co.,Box 728 , Adrian, Mich 
With Grimm Sap Spouts One-Fourth More Sap is Guaranteed. 
The sap remains sap when the bucket is covered. The Grimm COVER 
is O. K. Order direct or through your local dealer. Our terms are May ], 
next. You have nothing invested; they pay for themselves in one season. 
We allow freight on lots of 500 or more, but not express; we also allow a 
liberal discount for cash with order. Sample Spout and Instructions “O,” 
free. ORDER NOW. Please give references to insure prompt shipment. 
G. H. GRIMM, Rutland, Vt. or 84 Wellington St., Montreal, 1*. O. 
OLDS MINES 
The Wizard Engine 
I Is our latest improved 2 to 3 h. p. 
engine—detachable water jacket 
—jump spark ignition system 
(same as in Oldsmobile) per¬ 
fect lubrication— flO gaskets to 
burn out. 
Repairs Cost Practically Nothing 
The cheapest to buy and most eco¬ 
nomical to operate and 
keep in order. Suitablefor 
all kinds of work. Has 
pumping jack outfit and 
direct connected pump. 
Get our prices and 
Catalogue of 2 to 100 
h.p. Olds Engines. 
OLDS GASOLINE ENGINE 
WORKS, 
27 Chestnut St. Lansing, Mich. 
New York Agents: R H. Deyo & Co.,Binghamton,N.Y. 
The Strongest Fence 
Science proves that the strongest fence, because 
constructed throughout on scientific lines, is the 
ELLWOOD FENCE 
SIMPLE-SCIENTIFIC-STRONG 
.58 INCH 
50 INCH 
42 INCH 
34 INCH 
The Reasons: 
1st—Each horizontal extension of the ELL¬ 
WOOD is a steel cable, consisting of two heavy 
wires intertwined. 
2d—Each of these cables is tied to each other 
cable by a continuous heavy wire lapped tightly 
about every cable—not tied in a crooked “knot” 
26 INCH or twist to weaken the strength of the tie wire 
at the bei ding point. ( Wrap a wire around 
your finget and the wire is not weakened; tie a 
18 INCH wire U P ' n a bard knot and you cannot untie 
it without breaking, it is so much weakened.) 
* 
THAT IS ALL THERE IS TO ELLWOOD FENCE- 
Heavy steel cables lapped about and held together by steel wire, forming uniform meshes. Simple, isn’t it? 
No chance for weakness in any part; uniformly strong. The reasons for the superiority of ELLWOOD FENCE 
are not hard to find. This company owns and operates its own iron mines and furnaces; its own wire mills 
and six large fence factories —either one of the six being larger than any other fence factory in the world. 
These facts should be convincing. 
The guarantee that goes with ELLWOOD FENCE is backed by the strongest firm financially in the fencing world. 
Do us the favor to send us your name—on a postal card—and let us send you our newest booklet about fencing. It tells 
how to order and what to order for all purposes. This booklet is free. Get one and get wise. 
There’s a dealer in your town who carries ELLWOOD FENCE. Hunt 
him up and look the fence over. You’ll see its strong points at a glance. 
AMERICAN STEEL & WIRE CO., Dept. 140, Chicago, Now York, Denver, San Francisco 
