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THIRTY-EIGHTH ANNUAL REPORT OF THE

New York Life Insurance Co.

Office, Nos. 346 & 348 Broadway.

JANUARY 1, 1883.

Amount of Net Cash Assets, January 1, 1882..

Premiums

REVENUE ACCOUNT.

....

Less deferred premiums January 1, 1882..
Interest and rents (including realized gains on real estate sold)..
Less interest accrued January 1, 1882...

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...
Total paid Policy-holders.

Taxes and re-insurances.......

Commissions, brokerages, agency expenses, and physicians' fees..
Office and law expenses, salaries, advertising, printing, etc....

$45,130,006.86

8,827,758,76

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DISBURSEMENT ACCOUNT.

$57,080,652.65

$1,955,292.00

427,258.95

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

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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..

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, 139.50).......
*Loans on existing policies (the reserve held by the Company on these policies amounts
to $2,690,961)...

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,

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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,

$851,451.21
188,970.23

58,850.48

6,225.86

43,174,402.78

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

$8,164,210.08

DEDUCT

Returned to Tontine policy-holders during the year on Matured Tontines... 1,072,887.87
Balance of Tontine Fund January 1, 1883.....
Reserved for premiums paid in advance..

2,091,872.16
85,782.86

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 44 per cent., estimated at... From the undivided surplus of $4,948,841 the Board of Trustees has declared a Reversionary dividend to participating policies in proportion to their contribution to surplus, available on settlement of next annual premium.

Divisible Surplus at 4

During the year 12,178 policies have been issued, insuring $41,325,520.
Number of Policies
Income from Inter-
est

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Jan. 1, 1879..45,005. Jan. 1, 1879...$125,232,144. 1878.....$1,697,676. 1878.....$1,948,665.
Jan. 1, 1880..45.705. Jan. 1, 1880... 127,417.768. 1879
Jan. 1, 1881..48,543. Jan. 1, 1881... 185.726,916.
Jan. 1, 1882..53,927. Jan. 1, 1882... 151,760,824. 1881

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per cent.

Jan. 1, 1879..$2,811.436.
Jan. 1, 1860.. 8,120,871.
Jan. 1, 1881.. 4,295,096.
Jan. 1, 1882.. 4,827,086.
Jan. 1, 1888.. 4,948,841.

ALEX. STUDWELL,
R. SUYDAM GRANT,
ARCHIBALD H. WELCH.

MORRIS FRANKLIN, President.

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

HENRY TUCK, M. D.,

JUST PUBLISHED:

A New and Enlarged Edition of

DANA'S TEXT BOOK OF GEOLOGY.

THE

FOURTH EDITION.

HE publishers take pleasure in announcing a revised and enlarged edition of this old and standard Text Book of Geology.

This edition bears date of September 1st, 1883, and is in every respect fully up with the progress of geological science at the present day. As the result of the latest researches of its veteran author, it is believed to be more than ever worthy to rank as the leading geological text-book for American schools.

The work of revision has been thoroughly done and covers every part of the book; but it is believed that this edition can be used with little difficulty in the same classes with the Third Edition.

Of the more important additions to the Text Book the author says:

"In this Fourth Edition, fifty pages have been added to the size of the work, in order to render the explanations simpler and more complete, and to give also a fuller account of the kinds of life which contribute to rock-making, of the geographical distribution of marine species, and of the depths of the seas. Each of these topics is illustrated by new cuts, and the last by a general map showing the depth of the Atlantic and Pacific Oceans by bathymetric lines, based mainly on that of Mr. H. N. Moseley, of the Challenger expedition." **Liberal terms will be made for the introduction of this edition in place of older editions, or of other works on the subject.

IVISON, BLAKEMAN, TAYLOR & CO.,

753 and 755 Broadway, New York.

DANGERS TO HEALTH,

A Pictorial Guide to Domestic Sanitary Defects.

By T. PRIDGIN TEALE, M. A.,

Surgeon to the General Infirmary at Leeds.

Fourth edition, with Seventy Lithographic Plates. 8vo, cloth, $3.00.

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

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v.24

THE

POPULAR SCIENCE
MONTHLY.

CONDUCTED BY E. L. AND W. J. YOUMANS.

CONTENTS.

PAGE

289

I. The Classical Question in Germany. By E. J. JAMES, Ph. D..
II. Early Colonists of the Swiss Lakes. By F. A. FOREL. (Illus.) 306
III. The Morality of Happiness. By THOMAS FOSTER.......
IV. Female Education from a Medical Point of View. II. By
T. S. CLOUSTON, M. D.....

311

319

V. The Control of Circumstances. By WILLIAM A. EDDY......
VI. Religious Retrospect and Prospect. By HERBERT SPENCER...

335

340

VII. The Iguanodon. (Illustrated.).

351

VIII. Defective Eye sight. By SAMUEL YORKE AT LEE.

357

IX. The Chemistry of Cookery. By W. MATTIEU WILLIAMS..

361

X. Catching Cold. By C. E. PAGE, M. D..

368

XI. The Source of Muscular Energy. By J. M. STILLMAN, Ph. B.. 377
XII. Idiosyncrasy. By Professor GRANT ALLEN...

387

XIII. Étienne Geoffroy Saint-Hilaire. With Portrait.

403

XIV. Correspondence: Science in Classical Schools.-The Home-made Telescope.

-Tidal Anomalies.-Elephants' Tricks.....

409

XV. Editor's Table:Church-and-State" Function of Dead Languages-Learn

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

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