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THIRTY-EIGHTH ANNUAL REPORT OF THE

New York Life Insurance Co.

Office, Nos. 346 & 348 Broadway.

JANUARY 1, 1883.

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Losses by death, including Reversionary additions to same....
Endowments matured and discounted, including Reversionary additions to same..
Annuities, dividends, and returned premiumus on cancelled policies...
Total paid Policy-holders..

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$6,210,809.71

Taxes and re-insurances......

234,678.27

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).
Invested in United States, New York City, and other stocks (market value, $19,958,956.52).
Real Estate...

1,882.088.38

885,111.18 $8,162,187.54

$48,918,515.11

$1,276,026.67
18,072,074.81
4,188,065.18

Bonds and mortgages, first lien on real estate (buildings thereon insured for $17,950,000.00
and the policies assigned to the Company as additional collateral security).
Temporary loans (secured by stocks, market value, $5,191, 189.50)..
*Loans on existing policies (the reserve held by the Company on these policies amounts
to $2.690,961)...

19,306.940.16
4,818,000.00

494,032.28

Quarterly and semi-annual premiums on existing policies, due subsequent to Jan. 1, 1888 *Premiums on existing policies in course of transmission and collection.

540,555.91

894.895.19

Agents' balances ..

62,424.95

Accrued interest on investments January 1, 1888..

Matured endowments, due and unpaid (claims not presented).

Reserved for re-insurance on existing policies; participating insurance at 4 per cent.
Carlisle net premium; non-participating at 5 per cent. Carlisle net premium...
Reserved for contingent liabilities to Tontine Dividend Fund, January 1, 1882,

Excess of market value of securities over cost..

A detailed schedule of these items will accompany the usual annual report filed with the Insurance Department of the State of New York.

CASH ASSETS, January 1, 1883,

Appropriated as follows:

Adjusted losses, due subsequent to January 1, 1883..

Reported losses, awaiting proof, etc....

Annuities, due and unpaid (uncalled for).

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over and above a 4 per cent. reserve on existing policies of that class....$2,054,244.03 Addition to the Fund during 1882 for surplus and matured reserves....... 1,109,966.00

DEDUCT

$3,164,210.03

Returned to Tontine policy-holders during the year on Matured Tontines... 1,072,887.87
Balance of Tontine Fund January 1, 1888

Reserved for premiums paid in advance.

2,091,372.16
35,782.36

DIVISIBLE SURPLUS at 4 per cent.

$45,851,555.03 4,948,841.79 10,000,000.00

Surplus by New York State Standard at 4 per cent., estimated at...
From the undivided surplus of $4,948,841 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 12,178 policies have been issued, insuring $41,325,520.

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CHARLES WRIGHT, M. D., Medical Examiners. WILLIAM H. BEERS Vice-Pres. and Actuary.

HENRY TUCK, M. D.,

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PIANO FACTORY,

BALTIMORE,

MD.

These Instruments have been before the public for nearly fifty years, and upon their excellence alone have attained an unpurchased pre-eminence, which establishes them as unequaled in Tone, Touch, Workmanship, and Durability. Every Piano fully warranted for five years. Prices greatly reduced. Illustrated Catalogues and Price-Lists promptly furnished on application.

WILLIAM KNABE & CO.,

112 Fifth Avenue, New York.

204 & 206 W. Baltimore St., Baltimore.

New Edition, Revised and much Enlarged.

THE

MINERAL SPRINGS

of the United States and Canada.

WITH ANALYSES AND NOTES ON THE PROMINENT SPAS OF EUROPE, AND
A LIST OF SEASIDE RESORTS,

BY GEORGE E. WALTON, M. D.,

Lecturer on Materia Medica in the Miami Medical College, Cincinnati.

With Maps. 12mo, cloth. $2.00..

"In this volume the author has endeavored to arrange all the known facts concerning mineral waters, in such a manner that they shall be readily accessible. For this purpose he has consulted the best European authors, their conclusions being drawn from hundreds of years of laborious investigation of the spas of Germany, France, Switzerland, and Italy. It has been interesting, in the course of this study, to note how closely the conclusions drawn by them concerning the action of different classes of waters agree with the observations made at springs in this country, independent of any knowledge of foreign research. The portion relating to the springs of the United States is the result of a selection of credible evidence regarding them, gained by correspondence and personal observation."-Extract from Preface.

New York: D. APPLETON & CO., 1, 3, & 5 Bond Street.

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CAUTION.-All genuine Decker Pianos have the following name (precisely as here shown) on the pianos above the keys:

Decker Brothers.
New York.

SEND FOR ILLUSTRATED CATALOGUE.

No. 33 Union Square,

NEW YORK.

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XXII. Popular Miscellany. XXIII. Notes...

287

NEW YORK:

D. APPLETON

AND COMPANY,

1, 8, AND 5 BOND STREET.

SINGLE NUMBER, 50 CENTS.

YEARLY SUBSCRIPTION, $5.00.

COPYRIGHT BY D. APPLETON AND CO., 1888.

Entered at the Post-Office at New York, and admitted for transmission through the mails at second-class rates.

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