P. C. ROYCE, Secretary. CHAS. E. CHASE, Ass't Secretary THOS. E. TURNBULL, Ass't Secretary. Agencies in all Prominent Localities throughout the United States and Canada. Surplus, by former N. Y. Standard (Am. Ex. 41⁄2 per cent. Reserve) 6,355,483.01 Policies Absolutely Non-Forfeitable After IN CASE OF LAPSE the Policy is CONTINUED IN FORCE as long as its value will pay for; or, if preferred, a Paid-up Policy for its full value is issued in exchange. After the second year, Policies are INCONTESTABLE, and all restrictions as to residence, travel or occupation are removed. CASH LOANS are made to the extent of 50 per cent of the reserve value, where valid assignments of the Policies can be made as collateral security. LOSSES paid immediately upon completion and approval of proofs. IMPORTANT PUBLICATIONS For the Use of Valuers of Interest Bearing Securities, Accountants and Others. CROAD'S DEPRECIATION, APPRECIATION, DISCOUNT, INTEREST AND ANNUITY TABLES. CAR TRUST, BUILDING LOAN ASSOCIATION AND INSTALLMENT PLAN MONTHLY TABLES. BOND VALUES ACCORDING TO THE LIFE INSURANCE LAW OF MASSACHUSETTS. HOW TO VALUE BONDS. THE SPECTATOR COMPANY has undertaken the publication of the above standard works, by HORATIO J. CROAD, which have already received the favorable endorsement of insurance companies, bankers, merchants, railroad officials, lawyers, investors and accountants. These works have become standard authorities in banks, banking houses, insurance companies-life, fire and marine-railroad car companies, car trust companies and building loan associations. Mr. CROAD was a man of exceptional experience in this class of work, and the publications named below should become, if they are not already, a part of the necessary office equipment of all persons having to deal with the various classes of interest bearing securities, and with monetary computations of a technical nature. Depreciation, Appreciation, Discount, Interest and Annuity Tables. These tables were prepared by Mr. CROAD for the use of merchants, managers of corporations, accountants and others who are called upon to value assets, crediting and debiting such appreciation or depreciation in the value of property as experience may prove necessary to arrive at a true state of the affairs of the concern in question. No such tables have hitherto been published in this country They were compiled by Mr. CROAD at the suggestion of an eminent firm of English accountants. Car Trust, Building Loan Association and Installment Plan Monthly Tables. These monthly tablas are especially adapted to car trusts, building loan associations and installment plan payments. Every calculation has been carried out from 17 to 25 places of decimals, checked by logarithms, proved by the usual algebraic formula and then twice revised by the author and his assistants, so that there could be no doubt as to their accuracy. No similar work has ever been published in this country. The work shows the monthly payments required to be made by a borrower for any period up to 12 years to repay the principal so borrowed, with interest thereon at the rate per cent agreed upon, ranging from 4 to 7 Interest is compounded monthly at 4, 4, 5, 52, 6 and 7 per cent per annum, Bound in leather, suitable for the pocket. per cent. PRICE, $5.00 PER COPY. Bond Values according to the Life Insurance Law of Massachusetts. Showing the values of bonds as 4 per cent annual investments. The law of the State of Massachusetts requires the valuations of securities at 4 per cent by all corporations which by statute are required to report to their several State departments. The statute compelling this requirement is known as the Life Insurance Law of Massachusetts. The above tables are based upon that law and were prepared by Mr. CROAD to meet the requirements of all corporations, including insurance companies, banks and other financial corporations, and thus serving the purpose of insurance managers, bankers and brokers. The name of this work fully explains its purpose. This publication was suggested by the fact thas there have been so many doubts and so much mystery as to the mode of valuing bonds mathematically, and ascertaining the net investment results derived from paying a certain price for a bond of a particular denomination in order to realize either a higher or lower rate of interest on the investment than the bond calls for. This work was complied according to the method adopted by the United States Treasury Department, Price and others, with tables by which any bond running from one-half a year to 50 years (interest payable semiannually) can be valued so as to realize the following rates of interest: 1, 14, 12, 14, 2, 2, 22. 23⁄4, 3, 3. 32, 34, 4, 44, 42, 44, 5, 5. 52. 5%. 6, 6, 6%, 6, 7, 7%, 8, 8%, 9 and 10 per cent. By these tables can also be determined the semi-annual amounts required to pay car trusts, building loan and installment plan indebtedness. The method of making the calculations is fully explained. Address, PRICE, $7.50 PER COPY. THE SPECTATOR COMPANY, CHICAGO OFFICE, 202 La Salle St. 14 CORTLANDT STREET, NEW YORK. United States Stocks (market value).. Bank, Trust Co., and Railroad Stocks and Bonds (market value).. .... Bonds and Mortgages, being first lien on Real Estate Loans on Stocks, payable on demand..... Premiums uncollected and in hands of Agents Interest due and accrued on January 1, 1893.. .$243,279.55 1,554,689.80 1,459,875.00 3,584,405.00 915,214.74 611,032.35 347,300.00 585,630.60 27,327.40 THE PROVIDENT SAVINGS LIFE ASSURANCE SOCIETY. HOME OFFICE, 29 BROADWAY, NEW YORK. WM. E. STEVENS, Secretary. SHEPPARD HOMANS, President. Renewable Term Insurance a Specialty. The least expensive, the safest and the fairest contract of life insurance in the market. Good agents wanted in all desirable localities. Extracts from the Official Report of the Insurance Department of the State of New York, for the year ending December 31, 1892. |