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THE MUTUAL lIFEINSURANDE-flu.
RIonARD A. MccURDY, President.
Statement to the Year Entire lecemher ‘3lst,l896.
According to the Standard of the Insurance Department of the State of New York.
ENCOME,
Received for Premiums - — - _
from all fitter Sources ' - - - . .-
— $39,593,...er
~ t9,l09,28l01
. 6 49,102,695 21
DISBURSEMENTS,
To Policy-holders for claims by Death - - -
To Policy-holders for Endowments, Dividehrtsfite. - - — -
For all bitter Accounts - .‘ - - - -
6 l2,595,| I 3 39
What-2,456 I
new
336.218.515.14
ASSETS.
nitert States Bonds and other Securities ~ - -
First lien Loans on 30nd and Mortgage - ._ —
Loans on Stocks and Bonds -
S I I 6,l25,082 l5
“543,929 56
9,095,525 00
22,761,666 65
i2,680,390 00
Real Estate - - - - — - _
flash in Banks amt Trust Bompanies -
Accrued Interest, Net Deferred Premiums, etc. - - - -
S 234,144,l46 42
l
M
' a
5n
2
P
G}
c.)
a:
—l
to
Reserve for Policies and other liabilities - - -
Surplus - . - - -, - -
Insurance and Annuities in force - - -
s 23,133,5[19
s 913,698,333 45
l have carefully examined the foregoing Statement and find the same to be correct
liabilities calculated by the insurance Department CHARLES A. PRELLER, Auditor.
From the Surplus a dividend will be apportioned as usual
Report of the Examining Committee.
Office of the Mutual Life Insurance Company of New York
To THE HONORABLE. THE BOARD OE TRUSTEES OF
THE MiiTliAi. LIFE lttSliiiAilcE GUMPANY 0F NEW YGHK
The undersigned, a Committee apppointed by your honorable body on the twenty-
third day of December, I 896, to examine the Annual Statement of the Company, and to
verify the same, .espectfully
' REPORT
That, pursuant to the power and authority thereby conferred, the Committee have at various dates between the date of the
said reference and the date of this Report attended at the office of the Company, and have been waited on by the Treasurer
the Comptroller, the Auditor and and the Cashier, together with the the respective assistants of such Officers, and have caref
fully gone over all the items contained in the said Statement, and have found the same to be correct. They have examined
and counted every certificate of stock, bond and other obligation held by the Company, and compared the price at which the
same are crrried in said Statement with the market quotations and find the same not exceeding such quotations—in fact in
many cases below them. They have examined and counted the bonds and mortgages on real property held by the Cornpahy
and find the same to be as stated. They have also verified the valuations of the Company’s holdings Of real estate and have
verified the deposits of money in the various banks and trust companies, and have counted the cash on hand held by the
Cashier.
And the Committee certify that all the books, papers. documents and evidences of title of every description necessary in
such examination have been freely submitted to the Committee by the said Officers and their assistants, and that the same are
accurate, in good order and well kept.
And the Committee further certify that the investments of the Company are of a high order, and that the system and
methods adopted by the Company in recording its transactions and caring for the assets are entitled to commendation
ROBERT OLYPHANT J. HOBART HERRICK
JAMES N. JARVIE CHARLES D. DICKEY. JR},
JAMES C. HOLDEN CHARLES R. HENDERSON1
All of which is respectfully submitted
NEW YORK. JANUARY 25, 1897.
Board. of Trustees:
GEORGE G HAVEN
ADRIAN ISELLN JR.
GEORGE S. BUWDOIN
THEO. A . H AVEMEYER
WILLIAM C. \VHITNEY
WILLIAM BOCREFELLER
JAMES N. J'ARVIE
CHAS D. DICKEY JR.
ELDRIDGE T. GERRY
HENRY H. ROGERS
JNO. W AUCHINCLOSS
THEODORE MORFORD
WILLIAM BABCOCK
STUYVESANT FISH
AUGUSTUS D. JUILLIARD
CHARLES E. MILLER
WALTER R GILLETTE
H. WALTER WEBB
F REDERIC CROMWELL
J ULIEN T. DAVIES
ROBERT SEWELL
S, V. R. CRUGER
CHARLES R. HENDERSON '
RUFUS W. PECKHAM
J. HOBART HERRICK
WM P DIXON
ROBERT A. GRANNISS
SAMUEL D, BABCOCK '
RICHARD A. MCCURDY I
JAMES C. HOLDEN
-HIRMANN C. VON POST 1
LEWIS MAY 5
OLIVER HARRIMAN ‘
BOBmT OLYPHANT ;
GEORGE F. BAKER I
DUDLEY OLCOTT l
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ROBERT A GRANNISS, Vice-President.
' W'ALTER- R. GILLETTE, General Manager. -
ISAAC F. LLOYD, 2.1 Vice-PI esident. * 5 HENRY E. DUNCAN, JR, Corresponding Sec:ctary
WILLIAII J. EASTON, Secretary. _ ALBERT KLAMROTH, Assistant Secretary.
I‘BEDERIC CROM W ELL, Treasurer. .
JOHN A. FUNDA, Assistant Treasurer. JAMES TIMl’SON. 2d Ass’stant Treasurer.
WILLIAII P, SANDS, Cashier. EDWARD P. HOLDEN, Assistant Cashier.
EMORY MCCLINI‘OCK, Actuary. '
JOHN TA'I‘LOCK, JR , Assistant Actuary. ., _.,,,,,_,,T:
CEIARLE? A, PRELLER, Auditor. WILLIAM W. RICHARDS,“ Comptrol‘er.
C. CLII‘ FORDIGRETSIN GE It, As~istant Auditor. HENRY S. BROWN, Assistant"Compfroller.
JOHN C. ELLIO l‘, superintendent of Domestic Agencies. 533 ”Lwa
ED WARD LYMAN SHORT, General Solicitor. V
' MEDICAL DIRECTORS: ,
GUSTAVUS S. WINSTON, M. D. ‘ ELIAS J. MARSH, M. D-
General Agent for
iOHN W. NICHOLS New Haven, State of Connecticut.
GRANVILLE ELIVHITE, n. D
THE EvENiNo GAZETTE
"SMILLBUSINESS GAIN-
Slight Improvement Has, However,
Caused Disappointment.
MORE MILLS IN OPERATION.
Large Purchases For Consumption Can-
not Do Long Delayed—The Iron and
Steel Industry—Statistics of
Recent Failures.
NEW YORK. March 20.-—R. G. Dun &
Co’s weekly review of trade says:
Though steadily increasing, business is
still much below its volume in former
years of prosperity, and many express dis-
appointment, yet there is some gain every
week, with more hands at work and more
mills in operation, and the sure result,
larger purchases for consumption, cannot
be long delayed. In some branches it is
felt already. There is larger distribution
of finished products, and the demand for
commercial loans has sharply increased,
especially in dry goods and the iron and
steel branches. At this city there has also
been an abnormal demand, owing to the
senseless craze of dealers to get imported
goods out of the warehouses, as if it were
pcssibln to pass a new tariff bill between
t neatdost and lunchtime. Business pay-
ments have been more satisfactory than
usual, and the state of foreign exchanges
is still without any unfavorable feature,
notwithstanding the uncertain aspect of
European affairs. Large foreign sales of
stock have not affected the market.
The progress of the iron and steel indus-
try is hindered by uncertainty regarding
the cost of lake ore for the coming year,
though the repeated adjournment Of pro-
ducers’ meetings is interpreted as evidence
that agreement will be ultimately reached.
It is reported that Norrie ore at $2. 75 will
be taken as the basis, which would imply
about $2. 35 for Mesaba ores, but until the
question has been settled many important
transactions are deferred. "While there is
no great activity in finished products, the
demand steadily increases. Contracts for
several great buildings at Chicago are
pending and for a good many bridges and
other railroad works, and the demand for
wire nails and for wire does not abate, nor
the demand for black sheets, required in
the tin plate manufacture. Tin tends
lower at 13.35 cents, with heavy receipts
and with weaker London quotations; lead
6,535,555 06,
weaker, although the trifling decrease in
production in this country is practically
balanced by the small increase in produc—
tion elsewhere.
Boots, Shoes, Leather. Etc.
Although shipments of boots and Shoes
are almost as large as in any previous year,
only 1,147 cases smaller than in 1895 in
March thus far, and only 4,801 cases
smaller thanin 1893 for the some weeks,
it is announced that mm or two of the
largest works have closed for want of or-
ders. At the same time many other con-
cerns are taking very large orders, it is
claimed at prices below those generally
quoted. No change whatever appears in
quotations of leather this week, and the
Chicago market for hides fluctuates with-
out definite tendency, although the slight
changes reported are downward.
manufacturers of cotton goods are looking
forward with much confidence, the present
demand is not equal to expectations, nor
has the curtailment in production of print
cloths accomplished the. desired change in
condition. The buying of wool. mainly
of a speculative character in expectation of
.new duties, continues remarkably large.
Sales at the three chief markets for the
past week Were 10,891,900 pounds, and for
three weeks have been 28,795,800 pounds,
of which 16, 628, 200 were domestic, whereas
the largest transactions in any previous
year at this season were 17,105,876 pounds
in the corresponding weeks Of 1892, of
which 11,886, 626 were domestic. No great
increase has yet appeared in the demand
for goods, although a few more mills have
found‘enough orders to start, perhaps in
part anticipating a. future demand. The
expectation of new duties does not yet in-
fluence the goods markets as might be ex-
pectcd.
rl‘he demand "or wheat has not given
much help t: f eculntion. Atlantic ex-
ports havo incl.) only 1,263,390 bushels
against 1,199,335, flour included, for the,
corresponding week last year, while west-
ern receipts have been only 1,397,316 bush-
cls against 2,416,089 bushels last year.
Accounts regarding the coming crop have
been less favorable this week, and the price
has advanced an eighth. The exports of
corn continue heavy, 4,543, 700 bushels for
the week, but without material change in
price. The cotton market has also been
almost lifeless, and while the price has
been steadily maintained the narrowness
of demand here and abroad has its natural
influence. Reports about the coming crops
are interesting, as usual, to speculators.
Railroad Stocks.
Noteworthy sales of about 45,000 shares
of stocks by foreign holders have not ma-
terially depressed prices, even of the stocks
so largely sold, and the average of securi-
ties has been firmly held, the 60 most ac-
tive railroad stocks ranging about 60 cents
per share higher than a week ago. The
steady buying of some important stocks of
the Vanderbilt; list and the general belief
that Mr. Morgan’s foreign trip will not be
wholly fruitless afi'ect prices of securities
without immediate regard to earnings, al—
though tho reports for March thus far.
Show a decrease of only 1.7 per cent com-
pared with last year and 7.8 per cent com-
pared with 1892. The cast bound tonnage
from Chicago for t\ to weeks, although
9,258 tons, or 5% per cent less than last
year, is still of-fnir magnitude in compari-
son with other years. The volume of rail—
road trafi’io is of reasonable proportions;
but, owing to difficulties about rates, the
roads are hardly getting their fair return
for the business done. But the rem-nt sot-
tlcmcnt promises fairer results. The vol-
ume of business indicated by clearing
house exchanges is smaller than lost year,
as might be expected, since it relates in
part to the transact-ions of some months
ago, and at such a time as this bears no
accurate relation to the new business
placed in orders by manufacturers and
traders. The average of daily exchanges
for the month is 3.3 per cent less than last
year and 27.6 poi" cent less than in 1892.
The failures for two weeks of March Show
liabilities aggregat ng $4,997,301, against
’ 36,799,397 last year and $7,372,471‘ in
1895 and $4,835,110 in 1894. Manufac-
turing were 32,126,279, against $2,599,638
last year and $4,672,554 in. 1895, while
trading were $2,717,565, against $4,053,-
959 last year and $2,674,917 in 1895. Fall-
.ures for the week have been 216 in the
50 in Canada, against 49 last year,
is inactive at 3.37 cents, and copper is.
While '
United States, against 261 last year, and
Alumina
Jackson and Walling Confess Their
hare In the Crime.
A PHYSICIAN IMPLICATED.
Governor Bradley Decides That the Two
Murderers Must'Die—Their Alleged
Proved False by
Several Documents.
Confessions
FRANKFORT, Ky., March 20,—Scott
Jackson and Alonzo Walling, condemned
to die for the murder of Pearl Bryan, have
made a last aprcnl to Governor Bradley in
the hope of Ol.L..;ning a commutation of
sentence. .
They have made a full confession of the
murder, implicating Dr. George B. Wag-
ner, a physician of Bellevue, Ky, who is
now in an insane asylum at Lexington.
Special Messengers Wade Ellis and J. W.
Allison arrived here last night and present-
ed the confession to Governor Bradley in
the handwriting Of the two men. Jack-
son’s confession covers seven pages of legal
cap, while Walling’s covers three.
Each story corroborates the other. In
substance the confessions narrate the his-
tory of the meeting of Jackson and Wal-
ling and of the procuring of tho‘services
of Dr. Wagner in behalf Of Pearl Bryan.
Pearl Bryan was advised by letter to I ,1
go to Cincinnati, which she did. She was
met and taken to the house of Dr. Wagner.
They arranged 60‘ go over to see her to-
gether on Friday, and Dr. Wagner inform-
ed them that she was not doing well and
expressed much concern about her condi-
tion.
They returned on Friday night, and
Jackson was sent to the drug store to get
a prescription, consisting of a white sub-
stance, which he gave her in a big dose.
He became much alarmed and said he
believed she was going to die and that she
did dic. Dr. Wagner procured a back,
which they thought was his own, and all
three got into it and drove to Fort Thomas.
All got, out, and Jackson held the dead
body of Pearl Bryan, while Dr. Wagner
cut her head off. He let the body fall, and
it rolled down a little slope. Dr. Wagner
then took the' head and wrapped it in the
girl’s cloak and placed it in her satchel.
They were then all driven to the bridge
and crossed to Cincinnati. Hcrc they sep-
arated. Dr. Wagner afterward became in—
sane. -
Jackson and Walling claim they do not
know‘whcre PearlBryan’s head was placed
or what became of it. Although Walling
is the least guilty in the affair, is is not
believed that the governor will interfere,
and both will hang.
Latch—The governor today passed on
Walling and Jackson‘s cases, refu: ing
positively to interfere. The troops to help
keep order at the execution left this after-
noon.
The VVngn er Defense.
CINCINNATI, March 20.—The Enquirer
contains a special from Nicholasvillc, Ky.,
stating that Dr. Wagner, whois implicated
by the Jackson and Walling confessions,
formerly lived at Nicholasville and is the
sOn-in-law of William Hendren, a wealthy
farmer of that county. Wagner ti on was
a minister of the Reformers’ cl rrch at
Sulphur. About the middle of J. :Iuary,
1896, Mrs. Wagner wrote to her brother,
Walter Hendren, that her husband was
losing his mind and asked him to come to
Bellcvuc. He went and says that on Jan.
23 he took Dr. Wagner with him to Nich-
olasvillc, about. two miles from that town,
to the house of William Hondrcn, where
he remained until Feb. 3.
This corresponds with the statement of
the family when the Bellcvuc clew was
.first sprung near the timeof the trial and
which caused its collapse at that time.
On Jan. :39, 1896, Walter Hendrcn, then
at Bellevue. wrote a postal card to his fa-
ther, near )(icholasville, saying that he
would leave on the 23d ' j: Nicholasvillo
with Dr. Wagner. It . said that Miss
Maud Wagner, daughter of the doctor, has
a. copy of this postal card, with a Bellevuc
date, addressed to William Hendren, his
father, at Nit-holasvlllc. Furthermore, it
is said that a telegram is on file in the
Western l'nion oflice at Nicholasvllle,
dated Feb. 3, 1896, addressed to Mrs. Wag-
ner at Bellevuc and signed by Walter Hen-
dren, saying that Dr. Wagner would leave-
there on the 10:30 train that morning.
NO doubt the Wagner family and friends
will clear up the matter by this means
today if the allegations are true.
Heudren Is Indignan t.
A special dispatch from Nicholasville,
Ky, from a reporter says: "When I woke
Walter Hendren up at 4 o’clock this morn-
ing and told him the full meaning of
Jackson’s confession, he was much sur-
prised. He is satisfied that the whole of
the statements implicating Dr. Wagner
are malicious lies.
“Walter H cndrcn himself first told Dr.
Wagner of the Pearl Bryan murder while
the doctor was visiting here a clay or two
after the crime. Hendren is thoroughly
reliable. He has the respect of the town.”
The following telegram from Mr. Hon-
dren from Nicholasville has been received:
“While it- is rather a difficult matter for
any one to go back a year and establish
the exact dates of a visitor’s journey, I
think we will have no trouble in establish-
ing that my brother-in-law, Dr. Wagner,
was at the homo of my father, William
Hendren, near town, at the time of the
Pearl Bryan murder. As nearly as I can
remember, llr. Wagner was here from Jan.
23 to Feb. 3, 1896.”
Nominations Confirmed.
WAsmNo'rON. March 20.——The senate
has confirmed the following nominations:
John Hay of {1:3 Distzict of Columbia, to
be ambassador of tho I'Ditcd States to
Great Britain: Horace Porter of New York,
to be ambassador to France; Henry White‘
of Rhodc Island, to be secretary of the
embassy Of the United States to Great
Britain.
An Aged Bridegroom.
BITFFALO, March 20.—-J_Ohu B. Sackett,
aged 71,-, and Mrs. Mary B. French, aged
57, were married here. Mr. trackctt was
formerly postmaster, and Mrs. french has
been a school principal for over 40 years.
Pneumatic Tube Hill Signed.
ALBANY, March 20 —Govcrnor Black
has signed Senator Ford’s bill allowing
the laying of pneumatic tubes In certain
streets of New York city.
Papal Delegate to Canada.
LONDON, March 20.-—d\lgr. Merry del
Val, the papal delegate to Canada, sails
for New York tomorrow on board the
Cunard linc ‘steamship Aurania.
Who wins in the
race? .15 it a sick man?
Is it a man who is
, weak? Is it a man
whose blood is impure?
(An athlete trains for
.every race. The best
athletes train all the
time. They are always
in perfect condition.
-, It is pretty safe to say
that thebest man will
always win. The man
who is strong and in
the best condition will
surely distance his
competitors.
In the racerfor suc-
cess, the best man will
win if he takes care of
himself. He cannot
win if he neglects his
physical condition. It
doesn’t make any dif-
ference how smart he
is. If his body isn’t
strong, he will never
finish the race. He must look first for a
clear, healthy, strong body, because the
body makes and supports the brain. If ‘the
heart pumps impure blood into the brain,
you cannot expect the man _to be clear-~
keaded, you cannot expect him to accom.
plish much. If a man’s blood is pure and
rich, there can not be much the matter With
him. If it isn’t pure and rich, he may have
almost any disease under the sun, and Dr.
Pierce’s Golden Medical Discovery will
cure it. It doesn’t make any difference
what form the disease takes, or by What
name it is called. Nearly all diseases
spring from impure blood. If you make
the blood pure, you remove the cause and
cure the disease. That’s common sense-
and medical sense—and scientific sense.
You might learn a thousand valuable
lessons about preserving your health by
__ _ reading Dr. Pierce’s ComrInon
t is
‘ 7/22/7115, R
J.
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*2 Sense Medical Adviser.
edition is absolutely free to
all who send 2r one-cent
stamps to cover cost .of mail-
ing only. It contains 1008
pages and over 300 engrav-
ings. 680,000 cloth-bound cop-
ies have been sold at $1.50
‘ ' each. This free editionus
anilla paper covers, otherwxse
it is just the same. Address World’s DIS-
pensary Medical Association, 3115310, F. Y.
BUMMAN .
.————_—._
~ BROTHER.
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ERAL WATERS.
Flavoring Extract,s Also the
Syrups and Olden Time
Fruit Juices, Root. Beer.
lemon Soda, Soda Water
Sarsaparilla, Supplied in
Birch Beer, Steel Fountains.
Seltzer and Vichy in Siphons.
Address
H. J. & 6. S. GBUMMAN,
44 lVIain Street. -
The] GAZETTE
Norwalk, Conn
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Norwalk Chronicler