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LIFE WORK,



ABB IHVITKD TO COBBESPOKD WITH THE

NORTHWESTERN MUTUAL LIFE INSURANCE COMPANY,

Regarding Terms and Territory.
AS8BT9, JAN. 1, 1875. ^ ^ PALMER, Pres't. O. E. BRITT, Vice-Pres't.

(S^-i P=C lKr\r\ r\r\r\ B. McCLINTOCK, Aery. WILLARD MERRILL, Sec'y.

qP± O5 O W W5 yJyJyJ. MATTHE W KBRNAN, Sup't of Agencies.



COEBm & OAPPHBY, { ^°P'Sn°I)^^?"^ } 160 Pulton St., cor. Broadway, N. Y.



ORIENT

FIRE INSURANCE COMPANY,
HARTFORD, CONN*

Organized and commenced business Jan. 1st, 1873.

Cash Capital $400,000.00

Assets, Jan. 1, 1875 719,341.58

8ELDBN C. PRESTON, PreHderU.
THOS. T. FISHER^ Vice-PresH.

GEO. W. LESTER, Secretary,



BRIDGEMAN & McNULTY,

(Office of Hanover Ins. Co.)

Agents,...! 20 Broadivay, N«iv Tork*



REPUBLIC

FIRE INSURANCE COMPANY,

OF NKir TORK.

Office, No. I S3 Broadway.

Cash Assets, Jan. 1, 1875, . . . .$520,931.60

ROBERT 8. HONE President.

DUNCAN F. CURRY, Secretary.

EDWARD ROWELL, Ass't-Secretary.

BRANCH OFFICES:
504 Tblrd Airenne, cor. East 84th Street,

No* 205 Montaffne Street, Brooklyn*



ST. LOUIS



XiXFS



INSURANCE COMPANY,

HOVB omcB,
ST. IjOTJIS.



Paid-up Capital,. $1,000,000

AssetSjOvef 7,800,000



Rates Low. Plans Simple.

Contracts Definite.



JAMES B. BADS, President.

AM. BRITTON, Vice-President

8. W. LOMAX, , Secretary.

BEN. WILLIAMS, Manager of Agencies.



THE



Missouri Yalley



Life Insurance Co.,



LEAYEirWOBTH, KANSAS.



ftCF* Com cwetent men wanted in all imoccnpied
territory. Address the Home Office.



OFFICERS t

D. M. SWAN, PretidenL

J. L. ABERNATHY, Vice-PreeiderU.

J. L JONES, Secretary.



Possesses tbe folloiiviiiff Talnable
features t

Its funds are invested at high rates of interest.

Its policies are all non-forf citable after two an-
nual payments.

It has no restrictions on travel. Its policies are
world-wide.

It issues the Registered Policy, 'secured by de-
posits with the state treasurer, under the laws of
the state pi Kansas.

It issues a popular form of Tontine Dividend Pol-
icy.



1829



Charter FerpetnaL



1875



FranUin Fire Ins. Coi



OF FHILADELFHIA.



Capital, $ 400,000.00

Realized Assets, 3,808,856.80

OFFICBRS.

ALFRED G. BAKER, President,

GEORGE FALES, VicePreHdent,

JA8. W. McAllister, %d nce-PreHdent.

THEO. M. REGBR, Secretary.

SAMUEL W. KAY, AuH-Secretary.

A. C. BLODGET, General Agent.

BIRBCTORS*

Alfred G. Baker, Isaac Lea,

George Fales, Alfred Fitler,

William S. Grant, Thomas S. Ellis,

Gusuvus S. Benson, Jas. W. McAllister,

R. Dale Benson, Francis P. Steel.



Statement of the BeaUzed Assets of the Com-
pany on January 1«<, 1875.

Mortgraffes*

On property valued at over f 6.000,000,
being first mortgages on unincumber-
ed real esUte in the city of Philadel-
phia $2,449,469.65

Real Estate.

Office of Company and four dwellings. . 1 10,000.00

JiOans*

Loans on stocks as collateral security,

market value, $79,868.60 68,638.26

Reinsurance deposit premiums 866.86

Stocks*

$6,000 U. S. Bonds, 1881

199,000 U.S. 6-80 Bonds

40,000 U. S. 10-40 Bonds

10,000 Alabama State Bonds

16,000 Mississippi State Warrants

6,000 New Jersey exempt 6*s

60,000 Philadelphia City 6's

6,000 Cincinnati City tt*s

4,000 Cincinnati City 7-80's

10,000 Pittsburg City 7's.

6,000 Rochester City 7's

1,000 Camden (N. J.) City 6*s

16,000 Penn. R. R. 1st morti
8,000 Reading R. R. Ts of 1

6,000 Reading R. R. 6's

26,000 Harrisburg and Lancaster R. R.

1st mortgage

7,000 West Jersey R.R.rs

10,000 American Steamshio Bonds . . .
100 Shares Commercial Nat Bank..
16 Shares Continental Hotel Co.,

preferred

Cost $440,060.61

Market value 468,680.00

Casli.

Cash in banks $169,682.00

Cash in office 8,865.80

Net premiums in course of
transmission. 64,270.86 242.768.65

Total $8,308,866.80



The asseto of the " FRANKLIN " (all invested in
solid securities) are Kable for the hasard of FIRE
only. The business is scattered throughout thirty-
three States of the Union; moderate lines solely are
written upon carefully selected risks, which are ex-
amined once every year by competent inspectors.

Ixmes promptly eettled when determined.

This Company issues policies upon the Rbnts of
all kinds of Buildikos, Gbound Rsnts and Mobt-

OAOBS.



n



Office, 421 Walnat Street



O



gle



220



THE CHRONICLE.



THB



NATIONAL LIFE

INSURANCE COMPANY,
Of the United States of America.

Chartered by Special Act of Congrera.
BRANCH OFFICB,

167 to 163 LaSalle Street,

CHICAGO, Ilili.9

Where the basincss of the Company is transacted.



Cash Capital $1,000,000.00

Total Assets, Jan. 1, 1875. . . . 3,580,225.31
TotaLLiabilities, Jan. 1, '75.. 2,155,027.11
Surplus, being security addi-
tional to the Re-insurance
Fund 1,425,198.20

JOHN V. FARWELL,.... President.
L. D. CORTRIGHT,.. J ^ ^ ,
PAUL CORNELL,.... fViCE-PREs'TS.

J. P. CRAini, Secretary.

BMBRSON W. PEET, Actuary.



GERMAN-AMERICAN INS. CO.

Office, No. 179 Broadway.



U^Sll udPlt^lj Invested in United States and New York City Registered Bonds.,. .$ljOOOjOOO, 00

Cash Assets, $1,857,467.38

E. CEIiBBRlVIANN, President*

JAMES A. SILVEY, Secretary. | JOHN W. MURRAY, Vlce-Prerident

THOS. F. GOODRICH, Superintendent Agencies. | EUGENE CARY, Manager West'n Dept, Chicago.
HENRY W. BROWN, Manager Central Department, Philadelphia, Pa.

Agencies in all principal Cities and Towns in the United States.



BSEf EBS m mwm

INS. CO. OF NEW YORK.

Organized Sept., 1871.

Capital $200,000

Assets 300,000

No. 139 Broadway.

This Company insures property of all kinds against
loss or damage by Are on favorable terms.

C. W. STANDART, President.

HENRY CLAUSEN, Vice-President.

W. B. OGDEN, Secretary.



Freflcli Insurance CorporatioL



La Caisse Generale des Assurance^ Aericoles et dea
Assurances centre rincendie.

Capital, 12,000,000 Francs.

AMESICAH E8TABLI8H1IEFT:

WM. NEVIN KREMER, » Ti.»«>»o«i.

JAMES L. FERRIERE/f Directors.

PliUadelplila.

United States Securities deposited for the benefit
of American Policy-holders, over $100,000.

Financial depository in the United States, the
Fidelity Insuratice, Trust dt Safe DepotU Company,
of Philadelphia.

References in the United States:— James, Kent,
Santee & Co., David S. Brown & Co., Jacob Rie-
gel & Co., PMladelp/da. H. B. Claflin & Co., Ri-
card, Iselin & Co., DeRham & Co., New York.



American Insurance Co.



OF ciiic-A.a-0



ORGANIZED A. D. 18W.



OFFICERS.

H. Z. CULVER, President.

H. N. HIBBARD, Vice-President.

CHAS. L. CURRIER, Secretary.

M. A. HOYNE, Treasurer.

R. B. CURRIER, General Agent.

J. W. TEMPLETON, Assistant General Agent.

Statement, Jannary 1, 1874.

Bonds and Mortgages $ 364,780.00

Stoeks owned. 95,600.00

Cash on hand and in Bank 38,878.77

Loans on Collaterals 173,190.00

Liistalment Notes and other Assets 1,068,910.38

Capital and Assets $1,630,309.00



DIRECTORS.

H. Z. CULVER, Hon. H. N. HIBBARD,

CHAS. L. CURRIER, D. A. KNOYTLTON, Jr.,
W. H. OVINGTON, M. A. HOYNE,
Hon. J. M. BAILEY, Hon. W. H. BRADLEY,
R. B. CURRIER, NICHOLAS KRANSZ,

LOYAL L. MUNN.



Classification of Risks.

Kind qf Property. Brick. FrarM.

Dwellings, Bams & Contents 1, 183

Dwellings, Bams & Contents 104,097

Churches. 49

Churches 664

School-Houses. 104

School-Houses 8,460



AmcwU,

$ 3,889,851

111,896,756

142,898

860,885

195,935

3,858,887



TfUs Company insures notJdng except Detacfied DvoeOings, Private Bams^ their eantenti, Farm Property^ Churches and School-Ebusei, and
writes PoUdes wpon the Instalment Plan,

Agents Wanted. Address the Secretary. y^^ i

Digitized by VnOOQ iC



THE CHRONICLE.



221



THE



PH(ENIX



INSURANCE COMPANY.



HARTFORD, CONIV.



Capital, $600,000



Cash Asflcts, January let, 1875,

$1,901,588.82.

Total Lofl«ea paid since organization of Ck)mpany,

$10,286,476.02.



With an anqnestioncd record for fair and honora-
ble dealing, this Company offers to the public wund
tnd reliable indemnity for loss or damage by fire, on
terms as favorable as the character of risks will
justify.

HENRY KELLOGG, President.

A. W. JILLSON, Yice-PreHdent.
D. W. C. SKILTON, Secretary.
6. H. BURDICE, AssistantrSecretan/.



1864.



1875.



INSURE IN THE

TRAVELERS

LIFE AHD ACCIDEITT

IHSUBAyCE COMPANY, HARTFORD

Cash Anets, over - - $3,000,000.

General Aeeldent Policies for the year
or month, written by Agents.
LlfD and Endowment Insii ranee of

the best forms at Low Cash Bates.



THE TRAVELERS

Has been for ten years in successful business; has
written 380,000 General Accident Policies, and 20,000
Life Policies; its security is unquetttloned, its con-
tract definite, its premiums low: has promptly paid
oret twenty iJuMsand claims or policy-holders for
death or Injury by accident; and sells Ineurance,
either Life or Accident;, or both combined, of the
Best Quality, upon the Best Plan, and on the Best
Terms.



JA8. 6. BATTERSON, President.

RODNEY DENNIS, Secretary.

John E. Morris, Assistant Secretary.

G^ Apply to any Agent, or write to the Company
at Hartford, Conn. Agents everywhere.



New Tork City Office, 207 Broadway.



CONTINENTAL

LIFE INS. CO.



Office, 24, 26 and 28 Nassau Street.

Oroanizbd in 1866.

No. Policies issued to Jan. 1, 1875. .68,100
No. Policies issued in 1874 6,300

Assets, Jan. 1, 1876[.....$6,555,828.01

L. W. FROST, President.

M. P. WYNKOOP, Vice-President.

J.P.ROGERS Secretary.

S. C. CHANDLER, Jb Actuajy.



Continental



IjIFE



INSURANCE COMPANY,

OP

HARTFORD, CONN.



Assets, Ja 1, 1874 $2,637,86157.



James S. Parsons, PrmderU.

Robert E. Beecher, Secretary,



A fBw flnt-olasB Agents wanted for
unoccupied fields.



MyjUtL BENEFIT

LIFE INS. CO.,
NEWAEE, N. J.



80th Annual Statement, Jan. 1, 1875.

Balance as per statement Jan. 1, 1S74. $27,794,063.00

Received for premiums
during the year $4,912,449.45

Received for annuities
during the year 658.72

Received for interest dur-
ing the year 1,827,753.80

Total receipts, 1874 $6,740,761.97

Paid claims
by death.. $1,921,839.51

Paid endow-
ments... . . . 63,000.00

Paid suiren-
dered poli-
cies 600,738.77

Paid adver-
tising and
prinung... 62,432.23

Paid contin-
gent ex-
penses.... 95,489.35

Paid postage
& exchange 10,947.78

Paid taxes... 74,299.12

Paid com-
missions to
agents 379,113.78

Paid physi-
cian's fees 24,064.73

Paid annui-
ties. 1,568.44

Paid return
premiums. 1,589,400.98

4,812,aS4.58

♦ 1,927,867.89

Balance Jan. 1, 1875 $2^9661 ,929.41

ASSETS.

Cash on hand $501,419.07

Real estate 170,491.98

United States securities. 1,405,500.00

State, city and county
bonds 8,097,312.58

Bonds and mortgages. . . . 12,415,657.75

Loans on policies in force 6,967,097. 1 1

Due for premiums in
course of transmission 104,450.92

$29,661,929.41

biterest due and accrued. $640,478.23

Premiums due and de-
ferred, not yet received,
on issues principally of

December 231,022 30

871,500.58

Total Assets, Jan. 1875 $30,583,429.94

Ratio of expenses to income (including taxes), 8.49
percent.

LIABILITIES.

Reserve fund (four per

cent. Mass. standard).. $26,007,278.00
Policy claims in process

of adjustment 565,427.00

Dividends due and unp'd 278,487.32
Commissions and expen-
ses on unreported pre-
miums estimated at 10

percent 23,102.23

$26,874,294.55

Total surplus as regards

policy-holders $3,659,135.39

Dividends declared on 1873 and 1874 as

Sremiums, payable as premiums and
ue in 1875 2,949,588.66

Dividend Surplus $709,546.74

IiEl¥IS C. GROVBR, President.

L. SPENCER GOB LB, Vice-President.

EDWARD A. STRONG, Secretary.

BEiNJAMlN C. MILLER, Treasurer.

SAMUEL H. LL07B,

state Agqnt Eastern District of New York,

137 Broadway, New York.

B^° Liberal arrangements will be made with those

wishing to engage as canvassers. Previous

knowledge of the business not essential.

. Digitized by VrJVJVJVlC



222



THE CHKONICLE,



ATLANTIC

MUTUAL INSURANCE COMPANY,

IVEW YORK,

Office, No. 51 Wall Street.

ORGANIZED, 1842.
Insures asainst

Marine M Inlanil Nayiption Ms,

And will iwne Policies making Lose pajable
in England.



Its Assets for the security of its Policies are more
than

TEN MILLION DOLLARS.



The profits of the Company revert to the assured,
and are divided annually, upon the premiums ter-
minated during the year, certificates for which are
issued, bearing interest until redeemed.

J. D. JONES, President.
CHARLES DENNIS, yice-PreriderU.
W. H. H. MOORE, %d Vlc^PresH.
J. H. CHAPMAN, Secretary.



COLUMBIA

FIRE INSURANCE COMPANY,
No. 161 Broadway.

Cash Capital and Silrplos, $450,000.00.



Fire and Inland Marine risks taken
at reffnlar rates.



ALFRED DOUGLAS, PrtAdeni.

JNO. B. ARTHUR, Secretary.



E. A. GOODNOW..... Presidint.

CHAS. B. PRATT, Vicb-Prks't & Manages.



FIRST NATIONAL

FIRE INSURANCE COMPANY,
or

Worcester, Masa



GEO. E. KENDALL, Secrstabt.



STATEKEKT OF THE



GIRARD



Fire Insurance Company.



Capital, $300,000.00

All paid up in Cash.
Capital and Surplus, March 1,
1875, $863,263.92



INCOMB FOR 1874*

From fire premiums (only) $457.361 .78

From Interest and rents 44,885.06



Total $601,766.84

* DISBURSEMBNTS.

On account of fire losses $308,478.46

On account of commissions, reinsurance,

returned premiums and rebate 01,060.89

On account of general expenses, salaries,

taxes and repairs to real estate 81,468.16

Total $876,006.50

Paid on account of losses occuring in ^78. $97,880.94
Also paid our usual diTidends.



BEHSON B. SMITH, Agent,

170 Bboadway, New Yobk.



THOMAS CRAVEN President

JAMES B. ALVORD, Secretary.

ALFRED S. GILLBTT,....Vlcc-Pre8'tATrea8.



Union Mutual Life Ins. Co.



OF :c^-A.iisrB-



Directors' Office, 163 Tremont Street, Boston.



W. H. HOLLISTER, Secretaby. | HENRY CROCKER, Pbestdent.



OBGAIOZED IN 1840.



Assets, Eight Million Dollars.



LO^w frkivotjm: ra^xics.

SoonomioallT xnanafirecL.

Strength, and. Stabilit^r l>e3ron.d. question.

Travel and. Residence snl^stantially nnrestrioted.



.AJJLJL, FORlwffS OF ILiIFB -A.N"ID BN"IDO^SAriwffE]MT I>OIjIOIES ISSTJEID.

Pftys back to its Policy-bolders every dollar of surplus Premium annually after the seoond year.
AN EASY COMPANY TO WORK.



Digitized by



Google



THE CHEONICLE.



223
1810. 1875.

T H B

HARTFORD

FIRE INSURANCE COMPANY,
HABTFOSD, CONH.

Incorporated 1810.

GEO. li. CHASK, Presdent*

Cash Capital, $1,000,000

Assets, Jan. 1, 1875 $2,757,907.59

Western Department

Under the management of

G. F. BISSELL, General Agent,

49 liaSalle St., Clilcaso*

Pacific Department

Under the management of

A. P. FLINT, Manager,

818 California St., San FranciBCO.

W. J. Whaling, Gen. Agt. SowUCn States,
Atlanta, Ga«

J. D. BROWNE, Secretary.

C. C. LYMAN, Au't-Secretary.

Agencies in all the principal cities and towns
throughout the U. S. and Dominion of Canada.



THK



NEW ENGLAND



OBeANizsD, 188S.

GLOBETNS. CO.

OF CHICAOO, HI.

Capital, $300,000.00

Assets, Jan. 1, 1875, 714,802.08

^ ^— —

Statement, Jan. 1, 1875*

ASSETS.

Loans on mortgage, (valae of property

mortgaged, over $600,000) $320,225.00

Loans on collateral security 25,000.00

Interest accrued on loans. 23,265.69

United States bonds, market value 85,312.50

West Chicago Park bonds, market value. 47,916.66
C. B. A Q. R. R. let mortgage bonds, mar-
ket value 10,000.00

Bnrltngton and Missouri R. R. 1st mort-
gage Donds. market value 10,000.00

National bank stocks, market value 15,000.00

Real estate ovmed by company 8,000.00

Guh in hands of agents, and city pre-
miums in coarse or collection 76,266.37

Cash in banks and in office 31,082.44

Bills receivable for marine premiums 10,531.77

Other debts dne the company (secured) . . 60,925. 15
Doe from other companies for reinsnr^e. 2,346.50
AH other property, including office furni-
ture, etc 4,000.00

$714,862.06



LIABILITIBS.

Losses unpaid... $47,867.27

Reinsurance reserve 248,907.55



Office, No. 110 LaSalle Street.

Qbo. F. Hardiko, Freeident.

8. P. Walkxb, Secretary.



ALLBH B. WALKEB, Oenl Agent,

3 COBTLAHBT ST., HEW YOBK.

Republic Life

Insurakob CoMPAmr.



CENTRAL OFFICE:

1^7, IW, 161, 163 LASalle St.,

CHICAGO.

Bnnches in nearly all States of the Union.

A mm STOCK GOHFAKY.

Casb Asset!! $2,500,000

Its FoUdefl are Simple, Definite, straightforward
Cootncts. Premioms within the reach of all class-
es.

OFFICERS.

JOHN y. FARWELL, President
PAUL CORNELL, First Vice-President
J. F. CRANK, Second Yice-Prestdent
L. D. CORTRIOHT, Secretary.
S. W. PEST, Actuary.



CITIZENS'

INSURANCE COMPANY,

OF NBWARK, N* J*

Cash Capital, $200,000

Cash Assets, December 1st, 1874 375,000

Total Liabilities, including reinsurance. . . . 130,000

JAMES G. DARLING, President
A. P. SCHARPF, Secretary.

T. J. TEMPLE, N. Y. State Agent,

No. 163 Broadivay.



GERMANIA INS. CO.,



NEWARK, N. J.



Cash Capital, $215,600.

JAMES M. PATERSON, PreHdent.

JULIUS B. BROSE, Secretary.

THBOD HORN, Surveyor.



THE



MASSACHtrSETTS



MUTUAL LIFE



Insurance Company,



SPRING-FIELD, MASS.



Imcobpobatbd 1851.



Assets, $9,900,000.



Ail Policies non-forfeltable by laur
of Clie State of Massaelm setts.



E. W. BOND, PresiderUand Treasurer.

HENRY FULLER, Jb., Yioe-PretidmU.

AVERY J. SMITH, Secretary.

OSCAR B. IRELAND, Actuary.

DAVID P. SMITH, M. D., Medkal Eteaminer.



Mutual Life



INSURANCE COMPANY,

39 STATE STBEET,



BOSTON.



Aocnmulatioii, $13,114,416.98

upon tlie annlirersary of Pre* •
mlnms Dalllnff due.

BENJ. F. STEVENS, PreHdent

JOS. M. GIBBENS, Secretary.

W. C. WMGHT, Actuary.

DWIGHT FOSTER, OwnteL

Digitized by VnOOQ iC



224



THE CHRONICLE.




TWELFTH ANNUAL STATEMENT



MUTUAL LIFE INS. CO.,

Of Boston, Mass.
For the Year ending Dec. SlBt, 1874.



ASSETS.
United States Government bonds, mar-
ket value $ 117,965.00

State, County, City and Town secnri-

tiea, market value 115,589.00

Bank stocks, market value 48,697. 50

Railroad stocks and bonds, market val. 338,d&4.00
Other corporate stocks and securities,

market value ; 70,000.00

Loans on mortgaieres of real estate 1,243,000.00

CuIIateral loans secured by stocks and

bonds 50,400.00

Loans secured by other collaterals 23,313. 10

Loans to corporations. 163,000.00

Cash on hand and in bank 45,490.95

Premium notes on policies in force . . . 394,646.63
Interest accrued on mortga

ge« $23,161.62

Interest accrued on premium

notes 12,827.21

Interest accrued on collateral

loans 1,240.64

Interest accrued on bonds. . . 8,859.07



Deferred premiums . $59,296.75
Premiums in course
of collection 47,348.89



106,689.14

Less margins over net values. 21,327.88

Other assets and property



45,588.54



85.811.81
5,600.00



Total assets $2,646,828.08



LLA.BIL1T1ES.

Net premium reserve, at 4

percent $2,601,79a48

Outstanding death claims. . 19,.339. 00
Premiums paid in advance. 782.30

Due for rent 1,687.50



-$2,623,607.28



Surplus $23,220.80



GEORGE THORNTON. President.

SAMUEL ATHERTON, Vice-President

GEO. B. WOODWARD, Secretary.

EBEN BACON, Treasurer.



E. B. HARPER,

DISTRICT AGENT,

No. 31 Park Row, New York.



A COMPANY THAT CANNOT FAIL OR REINSURE.



THE SAFETY DEPOSIT

m

OF CHICAGO, ILL.

48 Clark Street.



M. E. STEVENS, Secretary. \ STEWART MARKS, Tlce-President,



STERLING

FIRE INSURANCE COMPANY,
155 Broadway, New York.

Capital, ^^^$>99$

Surplns, 70,000

DIRECTORS.
ANDREW L. SOULARD, Prtddent.



A. Gracie King,

B. H. Button,
Samuel Willet«,
8. Wintrinsjlinm,

W. Whitewright, Jr.,
Wm. H. Guion,
Horace Gray,
James K. Gracie,
M. Maury,
William Redmond,
Jobn J. Crane,
Samuel F. Barger,



Robert Lenox Kennedy,
Charles P. Kirkland,
Edgar H. Richards,
Ethvard Haight,
Theo. S. Faxton,
Isaac Bell,
William Vernon,
William A. Hadden,
Robert Ray.
Charles H. Ward,
Henry A, Tailer,
Edward A. Bibby.



J. K. VAN RENSSEIAER, Secretary.
THE

PENH MUTUAL LIFE

INSURANCE COMPANY,

Of Philadelphia.
Office, No. 921 Chestnut Street.

Incorporated in 1847.
Assets, 94,975,563.34.

ENTIRELY MUTUAL.



The PENN is a purely Mutual Company.

All of its surplus premiums ar« A;tumed to the
members every year, to reduce the payments, or to
Increase the insurance, thus furnishing insurance at
the lowest rates.

It« Policies are all non-forf citable for theh* value
after the third annual payment

Endowment Policies issued at Life rates.



SAlflVEL C. HUKY, President.

SAMUEL E. STOKES, Vice-President.

H. S. STEPHENS, 2d Vice-PresidetU.

JAS. WEIR MASON, Actuary.

HENRY AUSTIE, Secretary.



JAS. H. LANGFOBD, . . Oenl Agent,

No. 167 Broadway, New York.



SUN FIBE INS. CO.,

OF PHIIiADELPHIA.

NELSON E. EVANS, President

WM. H. HAINES, Secretary.

Cash Capital, ::::•: $200,000.
Frame, Hare <& Lockwood,

AGENTS,

No. %Q% Broadwaf, New York.



PROVIDENT



Life and Tmst Co.,



PHILADELPHIA.



INCORPORATED THIRD MO., 82, 1M6.



Assets, 0T6r $2,500,000.



Tbe Company U expressly required
bjr lis Cliarter Co dlTlde every dollar
of surplus amonff Its polley-bolders,
and Is Clierefore strictly mntnaJ.



frominent Features.

I.— Low rate of mortality oonaeqnent upon great
care in the selection of lives, and the large propor-
tion of Friends among its members.
II.— Economy in expenses.
III.— Prudent investment of money,
rv.— Liberality to the insnred; as, for example.
its NON-poBFSiTURX SYSTEM, which Is moTe liberal
than that goarantced by the Massachusetts law.



Agents Wanted. Apply direct to Home Office.
A popular and easy Company to solicit for.

Digitized by VnVJVJVLC



The Chronicle.



No. 15.



NEW YORK, THXJRSDAY, APRIL 15, 1875.



Vol. XV.



The Chronicle,

AK hteURASCB JoXJBNAIi,

Chronicle Publishing Co.

JOHN J. W. 01>0N0GHUB

Ofloe, Vo. 161 Broadway, Hew York.



The sabflcrlptioxi price of the'CHBomoLB is $8.00
per ammm, payable Inyariably in advance.

AH conmranicationB ahoold be addreased to the
Iditora.

«D«AB A. Hewitt, JEditob«.

Chamber of Life Insurance.

The annual meeting of the Chambef of
life insurance was held at the rooms of the
Chamber, on Nassau street, on Tuesday of
this week. The companies represented
were: the Equitable, Qermania, Knicker-
bocker, Merchants*, Metropolitan, Mutual,
New York, Security, United States, Char-
ter Oak, Connecticut Mutual, Life Associ-
ation, and Penn Mutual.

The nominating committee reported the
names of officers for the ensuing year, as
follows:

President^ — Jacob L. Greene, secretary of
the Connecticut Mutual.

Fio-i^mtfon^,— Samuel C. Huey, presi-
dent of the Penn Mutual.

Secreta.y and IVeasurer,— Choilion. T.
Lewis.

ExecuHze CommUUe.^H, W. Beers, J. W.
Alexander, L. W. Frost, R A. Granniss,
R McCurdy, Hugo Wessendonck, and S.
H, White.

Mr. Greene asked to be excused from
serring as president, as his labor at home
and his strength would not enable him to
give to the position that attention its duties
required, and urged, as an additional rea-
son why the selection should fall on some
other locality, that Hartford had already
been honored with the presidency for one
year. He suggested the substitution of
Mr. Huey's name for his own.

Mr. Bryant made an actuarial calcula-
tion of the present value of these excuses,
and announced the result as being very
much against their acceptance.

The gentlemen nominated were elected
unanimously.

A vote of thanks was given to the retir-
ing president, Mr. Jas. G. Batterson, who
responded, desiring the Chamber to be on
its guard against illegal taxation and the



unwarranted extortions of departments. In
this connection, he administered a parting
kick to Mr. Church, of Ohio, whom he
charged with having pocketed some seven
or eight thousand dollars a year in connec-
tion with the advertising of statements in
Ohio.

The report of the law committee was
read, giving a resume of the action of the
committee in regard to legislation during
the year, most if not all of which is already
familiar to the readers of the Chboniclb.
The report closes with an allusion to the
late decision of the United States supreme
court in the case of Jeffreys, administrator,
V8. the Economical Mutual Life, a case
which, if rightly reported, renders the fill-
ing out of the ordinary application for life
insurance a very hazardous proceeding.

On motion of Mr. McCurdy an auditing



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