THE MITUAI. LITA: 11111111111111
1
OF NEW YORK.
RICHARD A.1VIGG'U'RDY, President.
Simmer for 11611111 Endlng Dec. 31,97
According to the Standard of the Insurance Department of the State of New York
‘ . ~ InooME.
Received for Premiums . . . . .
From allother Sources . . . . . _ .
$42,693.20! 99
11,469,406 24
$54,162,608 23
' DISRURSEMEN’ESI
T0 Policy-homers for Claims by Death . .'
To Policy-holders for Endowments, Dividends, etc. . ‘ , 12,712,424 76
,,_. For all other Accounts .. . . . . . 10,132,005 57
ASSETS.
. United States Bonds and other Securities . . $132,017,341 45
,1 First Lien Loans on Bond and Mortgage . . . 69,423,937 31'
Loans on Stocks and Bonds . . . .~ 12,880,308-00
Real Estate . . ' . . , - 11,618,454 33
Cash in Banks and Trust Companies . . . 11,705,195, 82
Accrued Interest, Net Deferred Premiums, etc. . . 6,141,200 20
—————————2 .
Reserve for Policies and other Liabilities , . . 553133333; 3;
Sflgplus e 0 o o 0 $35,508,194. 59
_,. Insurance and Annuities in Force _ . . . 59361634149663»
Ihave 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 OF TRUSTEES or
TIE MUTUAL LIFE INSURANCE GOMPAIY OF NEW YORK.
The undersigned, a Committee appointed by your honorable body, on the twenty-
second day of December, 1897, to examine the Annual Statement of the Company and
to verify the same, respectfully:——w
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 the Cashier, together with the respective assistants of such officers
l, and have carefully Gone over all the items contained' 1n the said Statement, and have found the same to be corrc ct. They
have examined and counted every certificate of stock, bond and other obligation held by the Company, and compared
the prices at which the same are carried' In said Statement with the market quotations, and find the same not exceedin
such quotations—in fact, in many cases below them. They have examined and counted the bonds and mortgages on reafi
property held by the Company, and find the same to be as stated. They have also verified the valuation of the Com-
, pany ’s holdings of real estate and have verified the deposits of money in the various banks and trust companies and
1 have counted the cash on hand held by the Cashier. I
1 And the Committee certify that all the books, papers, documents, and evidence of title of every description nec
sary in such exammation have been freely submitted to the Committee by the said officers and their assistants and t1;
the same are accurate, in good order, and well kept. ’
f And the Committee further certify that the investments of the Company are of a high order, and that the system
and methods adopted‘ oy the Company' In recording its transactions and caring for the assets are entitled to commendaniOD
CHAS. R. HENDERSON ELBRIDGE T. GERRY A. N. WATERHOUSE
S. V. R. CRUGER 'J. HOBART HERRICK JAMES c. HOLDEN
All of which' Is respectfully submitted.
NEW YORK, January 21, 1898.
Board. of Trustees.
HENRY H. ROGERS
J NO. W - AUCIIINCLOSS
THEODORE MOBFOBD
WILLIAM BABCOCII
STUYVESANT FISH
AUGUSTUS D. J UILLIABD
CHARLES E. MILLER
WALTER R. GILLETTE
H. WALTER WEBB
FREDERIC CBOMWELL
J ULIEN T. DAvIEs
A. N. WATERHOUSE
S. V. R. CRUGER
CHARLES R. HENDERSON
RUFUS W. PEcxHAM
J. HOBART HERRIOK
WM. P. DIXON
ROBERT A. GRANNISS ,
SAMUEL D. BABGOOK
RICHARD A. MCCURDr
JAMES C. HOLDEN
g HERMANN C. VON POST
; WILLIAM J. SEWELL
OLIVER HARRIMAN
1?" ROBERT OLYPHAN'I'
‘ GEORGE F. BAKER
DUDLEY OLOOT'I‘
GEORGE G. HAVEN
ADRIAN ISELIN JR.
GEORGE S. BOWDOIN
WILLIAM C. WIII'I'NET
WILLIAM ROCKEEELIEE
JAMES N. JARVIS
CHAS D. DIGKEY JR
ELBRIDGE T. GERRY
JAMES SPErER;
,., ROBERT A. G'RANISS, Vice-President.
ISAAC F L OYD 2d V' P gVAtLTER R GILLETTE, General Manager.
L ' ‘ Ice- res: en DUER du-P. BRECK Corres ondin S 1
WILLIAM J. EASION, Secretary. ALBERT KLAMROTH, Assisfant Segcrrezg; ary
FREDERIC CROMWELL, Treasurer.
{$111}: ILA EgNng 3:12:33}: Treasurer. gAMES TIMEWSON 2d Assistant TreaSurer.
. . as Ier. DWARD 1’. HOLDEN, A t C .
JoéflgchY MCCLIN'TOCK, Actuary. L “is ant ashier
- ATLOCK, JR, Assistant Actuary
CHARLES A, PRELL',ER Auditor. WILLIAM W. RICHARDS, Comptroller.
O. CLIFFORD GRETSINGER, ASsistant Auditor. HENRY S. BROWN, Assistant Comptroller "‘
1.. JOHN C. ELLIOI‘, Superintendent of Domestic Agencies. 1 - 1.
. E‘D WARD LYMAN SHORT, General Solicitor.
MEDICAL DIRECTORS:
ELIAS J. MARSH, M. D' GRANVILLE 11 WHITE. ‘0 D
G. S. WINSTON M. D. Consulting.
mesons a cleanse, oeneral Agents.
.....
$ 13,279,630 66 ,
$36, 124,060 99,
. . . .
BREAKING THE NEWS.
“Do you think he’ll take it very
badly, New?”
Nora. Helmsley shrugged her shoul-
ders.
“My dear Betty, you ought to know
more about Mr. Markham’ s pow ers of
endurance than I.”
“But What do you think he’ll do?
What do you suppose ’—-— 1
“Why waste .our time in supposition?s
He’ll be here most likely this after-
noon, and you will be able to judge
for yourself. ”
Betty Oakhurst sprang to her feet.
‘ Ted is coming here this afternoon?
Why on earth didn’t you tell me -_be’-,
fore?” And she figctted nervously q
with her hat before the glass as she
spoke. ,
“But yOu knew. Betty, where are
you going?”
“Anywhere out of this,” cried the
girl, laughing nervously as she stooped
to kiss her friend. V
Nora, however, caught her arm.
“Nonsense, Betty! You’d much better
tell him straight out now and get it
over. , It will be ever so much more
awkward for you if the news reaches
him from the outside.”
“I don’t see that at all,” returned
Betty quietly, as she drew away from-
her companion. “I am sure that if—
if you”—
She paused Itentatively.
“You don’t mean to say that you ex-
pect me to tell-Ted Markham that
you’ve jllted him?”
“I certainlyvdon’t expect you to put
it in that way,” replied Miss Oak-
hurst, with a little laugh; “but I am
quite certain that you would explain
it to the poor fellow much better than
any one else.’
“Explain!” exclaimed Nora, impa-
tiently. “I don’t know that there’s
anything to explain, except that you’ve
put yourself and me in a most ridicu-
lous position.”
“Nora!”
“I wish I’d never had anything to
do with it. I never felt so uncomfort-
able in my lif’e'as I have done since
you dragged me into this precious
scheme of yours.”
“Poor old Nora!" murmured Betty
sympathetically, while she cast furtive
glances at the clock. '
“You came here and shed any num-
ber of tears, declared that you adored
Ted Markham; that your father
wouldn’t hear of an engagement, but
that it'you only had a little'time be
fore you, you were sure everything
would come night. ”
"SO it has,” remarked Betty, sotto
voce. “It’s only a question of point
of view.”
Nora. flushed an indignant look at
her. , . '
“I think you might be serious now,
and at least pretend that you’re
ashamed of yourself. You begged me
to help you to get my aunt to ask him
here, to act as screen in_ fact, so that
your people might imagine it was all
over and that you had both changed
your min'ds, and now—now”—
The sound of a bell broke in upon
Miss Helmsley's eloquence, and Betty
caught up her gloves.
“I’m awfully sorry, Nora. Abuse
me as much as you like. Goodby!”
And before Nora could stop her she
had darted through the door and was
on her way downstairs. She let her
go. After all, it never was of any use
to argue with Betty; she was one of
those delightfully irresponsible crea-
tures who always man-age to shift the
blame of their shortcomings on to oth-
er people’s shoulders, and whom no
one—no man, at any rate—ever dreams
of judging by ordinary standards.
Nora wonderel, as she stood there idly
looking into the street, how she could
ever have been foolish enough to take
Betty’s love troubles seriously.
Meantime, that same folly of hers
was going to bear some very unpal-
atable fruit. In less than ten min-
utes young Markham would be there.
He had arranged to call for Miss
Helmsley and her aunt, Lady Hewitt,
to escort them to an afternoon con-
cert. The elder lady had declared at
luncheon that the weather was far too
depressing for it not to be madness to
risk the probability of a further fall
of one’s moral bare-meter by a couple
of hours of orchestral music, and that
Nora must give him some'tea and
her excuses.
Nora was conscious that this was a
neat pretext for giving the young man
the chance of a tetesa-Itete with her-
self. Lady Hewitt was too indolent,
naturally, not to ‘be heartily weary of
her duties as chaperon to her niece.
An attractive heiress was a responsi-
bility little to her taste, and the girl
felt that, ineligible as most mothers
and: responsible people would have
termed Ted ‘Markham, with his post
in the Foreign Office and his meagre
personal'fortune. Lady Hewitt would
open her am‘ns to him gladly if he
Would but relieve her of her onerous
duties of watchdog, and would de-
clare that Nora had money enough for
them both. ,
Nora sighed as she stood at the win—
dow. It was a topsy-turvy world, and
the wrong people were always being
thrown together. If only——
“Am I disturbing you? I was told
to come in here.”
Nora sta.r,ted and the colOr rushed
to her face.
“Oh, I hadn’t heard you come in! Do
sit down. Aunt isn’t well. I am so
sorry you should have had the trouble
of calling for nothing, but she hoped
to be able to go until the last moment.
Won’t you let me give you some tea?"
Shespoke with nervous hurry, scarée-
ly pausing for an answer. '
Ted Mark-ham took the chair she
offered ' Ilm,: and listened in silence
while she rattled on. Suddenly she
stopped, conséiO‘us of his fixed glance.
“Is anything the matter. '9” she asked
in a slightly alarmed voice. .It was
surely not possible that he could al
ml
. put in Nora, indignantly.
'Tlmre Was No Prudence and the Resonant
and too large for a dog s.’
ready have learned Betty’s treachery.
“Yes. We can’t go on like this, Miss
Helmsley!” '
“No?” Nora felt the color go out
of her face.
“It isn’t fair to you and besides I—
things have changed’L— '
“YOu mean that Betty”———
“Miss OI'akhuIst is going to be mar-
i‘ied.” Nora gasped, but did not speak.
“She is engaged =10 Lord Barthorpe.
I met Lady Oakhurst just now, and
She was overflowing with loving-kind-
ness to the world in genera .”
“Betty has behaved abominablyl"
Ted Markham smiled.
“I think, on the Contrary, that she
has shown remarkably good sense. I
am going to leave London; I really
came this afternoon to say goodby.”
Nora hit her lips.
“I am very sorry,” she began hesi-
tatingly. “I am afraid I was rather
to blame, but I thought Betty really
cared, and”—
She left the sentence unfinished.
Ted Markham’s demeanor puzzled her;
he was quite white, and there was a
look in his eyes which troubled her.
What was there in ,her fluffy-haired,
blue-eyed little friend to move a man
so? That her companion had taken
some great resolution, and that a sin-
gu1a11y difficult one, it was easy
enough to perceive.
“Are you going to be away long?”
she askeu awkwardly. “I mean, 2119
you going far?”
“I think of going to have a look at
the antipodes. My fat-her has some
interest, and I hope to get sent off to
Melbourne.”
“But haven’t you made up your
mind rather hurriedly?” she objected
timidly.
“Hurriedly? Why, I put things in
train weeks ago!”
“Weeks ago!” she exclaimed. “But
Betty’s engagement is quite fresh.
Did you suspect”—
“I suspected nothing. I knew”—
“You know!” She exclaimed, Iindigv
nantly. “‘Then why did ’t you Speak?
Why didn’t you tell me
“Tell you!” She stared at him, his
tone was so vehement. “Oh, about
Betty, you mean!”
“Of course. What else could I
mean?"
“Nothing, of course”—
“Really, I don’ t understand you.”
He lauyied drearily as he rose. “No,
I must not explain. Goodby. ”
She looked up at him with startled
eyes.
“You are too hard on Betty.‘ She”—
“On Betty? Don’t you know that I
haven’t thought of her for weeks——
that I found out long ago that we had
made a mistake?"
“Then why are you going?”
She managed to keep her eyes upon
his face, though h er cheeks burned
and she felt almost c’hoked.
“Don’t_you know‘thazt I am almost
a pauper. 9” he said bitterly, as he
turned away.
Nora took a s’eep after him. “Are
you going,” she asked in a trembling
voice, “because you want to make
your fortune, or because—because I
am too rich?”
“Nora!” _
She covered her face with her hands.
“Oh, if you were not in love with
Betty, didn’t you see—didn’t you guess
weeks ago”——-
The voices of the chaperons were
loud in condemnation when the en-
gagement was announced, and the
mothers of younger sons and ungill
titles declared that Lady Hewitt had
allowed her niece to throw herself
away; while Betty Oakhurst shook
her pretty head and, reflected sadly
that men were fickle creatures and
that feminine friendship was but a
broken reed—London World.
JOE JEFFERSON’S LONG SNOOZE.
Snore Was Ger-nine.
While he was playing “Rip Van
Winkle” a} Chicago Jefferson once
went to the theatre very much ex-
hausted by a long day's fishing on the
lake. As the curtain rose on the third
act it disclosed the white haired Rip
still deep in his twenty-years’ nap.
Five, ‘ten, EWenty minutes p'a'ssed and
he did not awaken. The audience be-
gan to get impatient and the p "ompter
uneasy.
The great actor doubtless knew what
he was about, but this was carrying
the realistic busineSS too far: The fact
was that all this time'Jeffe‘rson was
really sleeping the sleep of the just.
or rather of the fisherman who, ‘had
sat eight hours in the sun. Finally
the gallery became uproar-ious, and
one of the “gods” wanted toknow if
there was going to be “nineteen years
more of this snooze business.”
At this point ‘Jeiferson began to
snore. This decided the pro-Inpter,
who opened a small ‘trap beneath the
stage and began to prod RTip from be-
low. The fagged comedian fumbled
in 'his pocket for an imaginary railway
ticket, and muttered drewsily, “Going
right through, ’ductor.”
At this entirely new reading the au-
dience Was transfixed with amaze-
ment, when all at once Jefferson sal
up with a loud shriek, evidently in
agony. The exasperated .prompter Ihad .
jabbed him with a pin. Consciousness ‘
of the situation came to him and thei
play went on after that with a’ rush.—
Philadelphia Post.
Howl? Happens-d.
The house smgeon of a London hos
pital was attending to the injuries of
apoor woman whose sun 'had been
severely bitten. " As he was dressing
the wound. he said: “I can not make1
out what sort of a creature bit you.,§
This is too small for a horse’s bite
“011. sir.
replied the patient. “it wasn’t :11 ani
mal: it was anot .rer lydy.s"—Wa hing
ton Star. .
' 1320; balloon, by Montgolfier.
, camp . fare,”
coco OLD PROFESSOR.
His Knowledge Rather Unpleasant to
Bag e Around at All Times.
It has never ceased to be a cause
of regret to the good Mrs. Parvenu
that she had the professor at her little
gathering of local literary lights.
“There’s a teapot that was used by
IVilliam the Conqueror,” she an-
nounced, thh pride, as all the visits
01's gathered about and discussed the
prize in hushed tones of voice.
“But, dear madam,” said the pro-
fessor, with whom truth is given pre-
ference to every other consideration.
“they never brewed tea in England
until some years after William I. came
to these shores.”
Mrs. Parvenu ignored the interrup-
tion, but the teapot was soon put
away, and now it has another history.
“Here is a pipe that one‘ of the
Caesars smoked in~the ninth century,”
she declared, triumphantly, and she
looked severely at the professor.
“But, my good woman,” he declared,
“tobacco was unknown then,'and for
centuries after. Someone must have
imposed upon you.” III
The pipe was put away with a
slam, and from beneath a pile of Silk
patches in a sewing bag the angered
lady produced a book.
“There ” she nnounced, i1 strident
tones, “is a Bible that belonged to my
great-great-grandmothe1'. I hope that
modern wisdom has not learnt that all
were heathens in her time, or that the
golden rule was not discovered until
the good old lady had gene to her re-
ward.”
But the professor looked judicially
at the title-page, and said the book
was printed in 1876.
Spain Really Elie Gainer.
Spain, in reality, loses little by this
war except some ships. Cuba she had
proven worthless to herself and to the
rest of the world. The Philippines
. were rapidly approaching the same
condition. Since the war began she
has not sent a soldier or a musket
.to Cuba, and She has some of the
soldiers already there returned to her
on a pass. She spent some money in
'tolls for the passage of 'her fleet
through the Suez Canal, but the crews
can say with the old, Whaler captain
in the story, though they did not “get
any oil, ” they had “a mighty fine sail. ” '
Her colonies have never been in the
true sense outlets for superfluous pop-
ulation, nor yet commercial feeder
They have been a source of deep-
seated civil corruption. Spain has a
large, industrious, and thrifty home
population and a diversified territory,
part of it agriculturally productive,
part rich'in minerals. Her coast pop-
ulation are admirable sailors, and she
is favorably situated for commerce.
If she will abandon her medieval
methods there is noreuson why in ten
years she should not find herself more
prosperous than she has been since
the fifteenth century—Hartford Cour-
ant.
American \Tmnen and Gf'ay Hair.
Is it true that the hair Of American
women turns gray much earlier than
that of the women of other countries?
There are those who make the asser-
tion. It is, too, say these, a more
thorough gray. While the locks of an
English or French woman will late in
life show a few “basting threads,” the
head of an American woman at a
much younger age will be quite
blanched, or at least frosted. To two
tliings may the cause of the tendency
be ascribed, American air and Ameri-
can atmosphere—terms not at all
synonymous. ' If the former turns out
leaves, why should it not turn our
hair? While what the latter may ac-
complish through the agencies of ice
water, ‘hot bread and worry needs no
comment. Early gray hair, as a rule,
means inability to cope with nerve-
destroying things. It is declared to
be largely a matter of temperament.
That it should be a characteristic of
American women is in keeping with
most other traits of our race. ——Har-
per’ 5 Bazar.
Beauiy After II‘ilty.
A bright woman, when applauded re
cently for her goodness, begged her
fliend to let the matter drop. “For,”
she said, whimsically, “though I do
try to do good from some really high
motives, yet I have a reason for try;
ing which I am afraid is a low one.’
“What do you mean 9” inquired her
laughing friend. “I mean that I once
heard, many years ago, that beauty
after 50 depended not on features, but
on character. .Like all women. I de-
sired to be beautiful, and, as Piovi-
d'eInce had denied me the ‘features
necessary to secure that result in early
life, I determined to make the attempt
to be beautiful at 50. I am 85 now,’
she cOncluded, merrily, “and I must
confess that I see no signs of this In
dian summer loveliness, but I still try
to be good.”
These friends treated the matter as
a Test, but there is really sense and
truth in the.‘ aying that beauty in later
life, in either man or woman, is de-
pendent upon character far more than
upon form or color. -The Churchman.
Dates of Big Inventions.
The air brake was invented by
Westinghouse, 1874; the torpedo by
' Bushnell, 1777; watch, by Peter Hele,
1477; thermometer, by .: Drebel, 1609;
teleScope, by Lippersheim, 1608; print-
ing, by Gansfleisch. 1438; cotton gin,
by Eli Whitney, 1793; microscope, by
Jansen, 1590; lithography, by Sene-
felder, 1798; lightning rods, by Frank-
lin, 1752; gunpowder, by Schwarz.‘
1783:
barometer, by Torricelli, 1643.
The Civilian's Regret.
“The soldiers will soon be done with
remarked Old Bullion.
‘ affixing a révenue stamp on another
check, “but harditax will be served
, out to the rest of us for years to
’ come.”-Ghicago Tribune,
Norwalk Chronicler