/
Tn: , nun. 1.1m INSURANGB
Brennan A. MoO‘U'RDY, President.
Statement for the Year Ending Dec. 31,’97.
According tothe Standard of the Insurance Department of the State of New York.
9.
INSOME. ..
. . . . . $42,693,201 99
1194699406 24
$549l629698 23
Received for Premiums
From‘ all other Sources _ . . . . .
IIQBURSEMENESQ
To Policy-holders for Claims by Death . . . $13,279,630 66
To Policy-holders for Endowments, Dividends, etc. . 12,712,424 76
‘For all other Accounts . . - ' . , - , ”’13,,005 5.7
$36,124,060 99
ASSETS. ‘
$132,017.34! 4.5
United States Bonds and other Securities . .
First. Lie‘n’ Loans on Bond and Mortgage . . . 69,423,937 3]
Loans on Stocks and Bonds _ . . . . 12,880,308ioo
ReallEstate . . . . . . 21,6!‘8,454 88.
' Cash'in-‘Qanks and Trust Companies . . . . 11,705,195 82“
Accruedelggterestsgflet Deferred-apricmiumsg etc. . . 69145200120
Belicigs and other Liabilities * ‘ , . . 5331373333; :3
Insurancela‘nd Annuities in Force .‘ . . ,5 , 94 39
$936,634,496 63
_ lhave 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.
I To THE HONORABLE, THE BOARD or TRUSTEES or
THE MUTUAL LIFE IIISIIBMIGE COMPANY OF NEW YORK.
The undersigned, a Committee appointed by your honorable body, on the twenty-
second day of December, I 897,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 th
date of the said reference and the date Of this Report, attended at the Ofiice of the Company, and have been wait d e
by the. Treasurer, the Comptroller,the Auditor, and the Cashier, together with the respective assistants Of such of; 911
and have carefully gone over all the items contained in the said Statement, and have found the same to be corre "t {221's
have examined and counted every certificate of stock, bond and other obligation held by the Company and 03m e37
the prices at which the same are carried in said Statement with the market quotations, and find the samé not em 133??
such quotations—in fact, in many cases below them. They have examined and counted the bonds and morto-a es :8 11:5
property held by the Company, and find the same to be as stated. They have also verified the valuatiO; ff th more
pany’s holdings of real estate and have verified the depOsits of money in the various banks and trust 0 _ e om.
have counted the cash on hand held by the Cashier. . 9111133411195, and
And the Committee certify that all the books, papers, documents, and evidence of title of every descri tio .
.sary in such examination have been freely submitted to the Committee by the said officers and their aggi‘tanfis 11 pieces:
the same are accurate, in good order, and well kept. _ ~ ‘ , an tlfit
And the Committee further certify that the investments of the Company are of a high order and that th
and methods adopted by the Company in recording its transactions and caring for the assets are entitled to comm e System
All of which is respectfully submitted. CHAS. R. HENDERSON ELBRIDGE T. GERRY A. N WATen atlon
NEW YORK, January 21, 1898. S. V.- R. CRUGER J. HOBART HERRICK JAMES C 531$?!st
Board of‘I'I-ustees.
FBEDERIO CROMWELL
JULIEN T. DAVIES
A. N. VVATERHOUSE
S. V. R. CBUGEB
CHARLES R. HENDERSON
RUFUS W. PEOKHAM
J. HOBART HERRICK CHARLES E. MILLER
‘ WM. P. DIXON WALTER R. GILLETTE
ROBERT A. GRANNISS . H. WALTER WEBB
GEORGE G. HAvEN
ADRIAN ISELIN JR.
GEORGE S. BOWDOIN
WILLIAM C. VVHI'I'NEY
WILLIAM ROCKEEELLEB
JAMES N. J ARVIE '
CHAS D. DICKEY JR
ELBRIDGE T. GERRY
JAMES Srnrnn} '
HENRY H. ROGERS
JNO. W AUOHINOLoss
THEODORE MORFOBD
WILLIAM BABCOCK
STUYVESAN'I‘ FISH
AUGUSTUS D. J UILLIABD
SAMUEL D. BABCOCK
RICHARD A. MOCURDv
' JAMES C. HOLDEN
HERMANN C. VON POST
WILLIAM J. SEWELL'
,OLIVER HARRIMAN
ROBERT OLYPHANT
GEORGE F. BAKER
' DUDLEY OLOOTT
* ROBERT A. GRANISS, (Vice-President.
f _ WALTER R. GILLETTE, General Manager. - '
IngIAICIEMLf%YAI§:r2OdNVIce-Premdent DUER du—P. BRECK, Corresponding Secretary
. , Secretary. ' ALBERT KLAMROTH, Assistant Secretaryp
, JOHN A FON _ FREDERIC CROMWELL, Treasurer.
WILLIAM P 3A1, Assmtant Treasurer. JAMES TIMl’SOl‘ . 2d Assistant Treasurer.
. - ~. NDS.cash1er. . EDWARD r. HOLDEN, Assistant Cashier.
. _ . JoggdgfghlgooiiiLlNTOCK, Actuary. ' - '
. _ . , J‘s, Assistant Actuar .
. CHARLES A, PRELLER, Auditor. ‘ WILLIAM. VIZ RICHARDS Comptroller.
‘ C. CLIFFORD GRETSINGER, Asmstant Auditor. “ HENRY S. BROWN, Assistant-Comptroller ‘
g JOHN C. ELLIOT, Superintendent of Domestic Agencies. . . '
EDW ARD LYMAN SHORT. General Solicitor.
. _ MEDICAL DIRECTORS!
ELIAS J. MARSH, M. D- GRANVILLE ll WHITE. ii D
= G. S. WINSTON M. D. Consulting- '
preteens a cleaner. esteem! Agents»
, .
’ D
i ' Ada can?» We! seem» .
- p.-___ -_
SCHOOL BOOK FACTS.
CHANGES IN HISTOIRIES ANDGEOGRA-
'“PHIE‘S QAUSED BY THE WAR-
Printing Presses \‘o'orking Night and Day
Create a Supply That \Vould Blake the
Capitol Look Almost Like a Mole Hill
In Comparison.
So far, this year has been a busier
one among those who write, edit and
publish schogl histories and geogr.-
'phies than any since the close of the
civil war. For this has been a year of
"history making and the history has
been of the sort that change maps.
The. publishers began to see the
probability of a busy summer in mid:
winter. When the Maine was blown
up these probabilities became certain-
ties. That disaster required no change
in geographies, however, and, in the
circumstances, none was made then in
the histories. Had the ship’s destruc-
tion come at the beginning of a reg-
ular school year, however, instead of
near its close, there would have been
a great overhauling. As it was, noth-
ing was done till the breaking out of
the war. Then the plates of every one
of the United States school histories
were revised to suit the facts.
The expense was not excessive in
the case of any one history, since it
involved as a rule the preparation,
type setting and clectrotyping of no
more than a page or two of “matter,"
and in some elementary histories only
'a few lines. But in the aggregate the
outlay must have been considerable,
for there are more than 100 United
States school histories on the market,
a single publishing house in New York
having 25. -
As soOn as the beginning of the war
had been tacked onto the end of the
histories the» plates were put on the
presses and the printing of the regu-
lar summer editions was begun. This
is the ordinary custom with school
book publishers, who must, of course.
‘be well stocked up with thousands of
new books forsthe beginning of every
full term. Butthe course of evenhts
Was hardly expected to run as smooth-
ly as usual this summer, and instead
of starting the presses for a straight-
away run until near the close of Au-
gust, it was generally understood that
yet another edition might need to be
made.
When Santiago fell the presses
were stopped, and the plates taken
off. The additions and corrections
then to be made were considerably
more important than the earlier ones.
Insome cases several pages had to be
entirely recast. It being inexpedlent to
increase the size of the books—this
would involve great inconvenience
and a disproportionate additional ex-
pense in paper, press work, etc.,—-there
had to be much compression in order
to get the new matter in. and that, of
course, set a small army of editors and
condensers at work. '.
They worked rapidly, however, and
when a week had rolled round the his-
tory presses were grinding again.
Thousands of. books had been printed
and bound in the meantime. however.
' in which no mention was made of the
surrender. For these books the pub-
lishers printed single additional sheets
or supplements, which were afterward
pasted in, thus bringing all the sum-
mer’s output so far up to date. Owing
to the delay that had been experienc-
ed. the presses when started again
were driven rather harder than cus-
tomary. But the rush of press work
did not last long. Spain cried for
mercy sooner than the publishers ex-
pected. and when that cry came the
presses were stopped again and the
editors and condensers addressed
themselves anew to the task of revis-
ion. At the same time new‘supple-
ments had to be prepared. to take the
place of those inserted a few days be-
fore which now were destroyed by the
thousand. -
Some of the publishers got a little
nervous while the negotiations that re-
sulted in the protocol were pending.
for fear the delay would be so great
as to render it impossible to complete
the third edition in time for the 0pm-
ing of the schools and some were
obliged to continue printing without
any revision. In most cases, however.
the second stoppage of .the presses
lasted until the protocol was signer].
Tens of thousands of pupils, therefore.
found a complete, though much con-
densed synopsis of the Spanish war in
the bodyof their histories when they .
began work this fall, and hundredso‘.’
thousands found virtually the same
synopsis pasted in at the back. At
least one concern furnishes the addi-
tional leaf free to all requesting it who
own old copies of the United States
histories it publishes.
Changesin the geographies seemed
necessary when Santiago .fell, but
they were slight. and related only. to
the maps showing the West Indies.
When the protocol was signed and
Spain virtually gave up both Cuba and
Porto Rico more extensive changes
were‘ necessary both in the color blocks
and the insertion of lettering showing
that these islands now belong to the
United States. .
In the aggregate the geography
.
changes involved more expense 4 than,
the history changes. text as well as
maps having to be revised in all save»
the most elementary books. Besides ~
there are many mOre geography'text
books than histories.
York house publishing nearly .100'
works in which map changes had to
_ be made.‘
Map-changing is much less expen-
sive now-a-days, however. than it was
in the sixties. Then. although all ge-
ography maps were printed from lith-
ographic stones. they had first to be
laboriously engraved on copper. After
_ a map had been engraved a careful-
uproot”? was takenand it was trans-‘
ferred totthe. stone‘for printing. the
copper plateabcing kept from which to
take new and fresh proofs when the. '
lithograph :wore out.’ ,When changes
Were necelsary they were alWays made
a single " New '
in the plate._lt being imposSible to al-
ter a lithograph. ‘ ' I
The old combination ’of cngraving
‘and lithographlng is still adhered to-
by most English and European map
publishers._ but in the United States
the “wax process" is now -cmployed
almost universally. This process is
simple. quick and comparatively inex-
pensive. A smooth plate Of metal is
coated evenly with wax.“ the lines of.
the map are scratched through the
wax, exposing the metal. the lettering
is stamped through with steel type
and the plate is suspended in a regu-.
lar electrotyping bath. The result is a
“shell” showing lines and lettering in
raised or relief .7 lines. The shell;
“backed up.” makes a plate which can
be used alongside of-type in an ordl~
nary press. When changes are neces-
sary the part to be changed is cut
away and a new section of plate is
made and soldered in. Unless the
changes are too extensive, is is possi-
ble to revise a map by this process in
a single day, and thus map revision
may be introduced in the middle of an
edition without any great or annoying
delay.
No data are at hand from which to
compute the cost of the changes in his-
tories or geographies which have been
made necessary by the Spanish war.
but it has certainly run well up into
the thousands, and there is likely to
be more history making soon. more
changes will probably be necessary
before the end of the year. Some no-
tion of the total expense involved may
be gained from the statement that the
publishers of a well known encyclo-
pedia had to expend $30,000 in the ty-
pographical correction made necessary
to bring the statements in the work
into line with the figures of the cen-
sus of 1890.
It should be understood. however.
that little of the expense of the recent
changes in school histories and geog-
raphies falls on the purchasers. It
has to be borne By the publishers.
whose charge for a revised text book
is necessarily the same as for one not
brought down to date. In some cases
old books will probably be discarded
for new editions, but the total per-
centage of geography and history sales
from this cause is expected to be only
a small percentage of the whole.
'Although' this year’s changes have
been and will be more extensive than
usual, there is no your that sChool
book publishers‘are not putto some
expense of this sort. Big concerns
keep a staff of men constantly on the.
watch for news from all over the
world. Whenever an explorer finds a
new mountain, lake or river; when-
ever there ls a straightening of a boun-
dary line due to war or diplomacy:
whenever some Arctic traveller makes
a new “forth. est north” mark. the
maps and histories are overhauled.
Whenever a national election is held
or a sweeping change is made in the
currency laws. or an important treaty
is negotiated, the histories have to be
revised. The discovery of gold in the
Klondike region changed the maps of
Northwest America. The annexation
of the Hawaiian Islands made it nec-
essary to insert the line “Belong to the
United States” in the maps and to in-
terpolate a few lines in all the histo-
ties.
The people of the United States
spend about ten cents a year for each
man, woman and child in the country
on school books. In 1897. then, the
outlay was about $7,500,000. In two
years enough is paid for school books
to build a Brooklyn bridge. In one
year the outlay would equal the ex-
pense of building two battle ships.
CURlOSlTY SEEKING.
{in
.. )
-1—
“I am glad I broughtmy camera
with me; one meets 1 such awfully
queer sights down by the s‘eashOre.”
The Same .0119.-
Dixon—I don’t believe young Spraggs
is half so extravagant as people say he
ticed that he has a suit of clothes for
,every day in the week.
i “Dixon—Is that so? Why, he always
had the same suit on everytime I met-
him.
Bits.
‘ A six-year-Old. while visiting at the
house of a friend, accidentally tripped
and fell dowu about six .of a flight of
stairs. Running to the little 'One’s aso'
sistanc'e, Mrs. R.. after picking the‘ tot
.up. asked: ’ - -
y; “Did you hurt yourself, dear?" _
",“No—no’m,” she replied sobbingly.
“How many steps. did, you fall
down?" . _ . '
“I d—don’t k—know.
.k—k—count them.”
I did—didn't
v' . v
7 . , . ‘
. shadow of a laurel,
,Mayson—Perhaps not; but I have no- '
Mayson—Well, that's the one.—Tidv'
ALMOST" A‘ SCANDAL.
Mrs. Hillyer turned upon her 'eom-
panion with a flash of indignation in
her gray eyes, and a . brighter pink
dyed her fair cheeks. \
“What do you mean, Mr. Land-or?“
she demanded in low 'tones which
trembled with feeling.
“What I said,
Lander, looking down upon her with
a peculiar sparkle 'in his sombre eyes.
“I don’t wonder flint it affects you so.
When I saw it, it was all I could do
to prevent myself from springing for-
ward and throttling
husband Of yours."
“You say that with your. own eyes
you saw. Robert Hillyer kiss 3. WO-
man—that is the charge, is it?” in a.
calm, measured way.
“Yes. And you his wife! For this
man you trampled my love in the dust.
on, Mildred, how I would have cher-
ished youl”
“You forgot yourself, Mr; Lander.”
“Yes, forgive me—I think only of
you.”
“Can you tell me just when and
where you witnessed this remark-able
scene?”
"‘At Arlingtou‘s ball. You know
rwhere the Cupid and Psyche stands?
I was having a solitary cigar in the
when _ he—your
husband—came along with a :lfily. I
saw him plainly, though I could not"
tell who she was. They stopped
among the palms just back of the .
statuary, and—what is the matter?”
Mildred’s pink-lined sunshade con-
cealed «her face from his view, but
the convulsive breathing, fluttering the
lace at her throat, told him that she
was greatly moved.
“Mildred! I should have spared you,
but I could not! Curse the infamous
wretch who has been the cause of
your unhappiness—who, having won
the loveliest woman on earth, wears
her so lightly—who—" .
Landor stopped short in amazement
as the pink-lined sunshade was slant-
e'd back and revealed a rosy, dim-pling
face. '
“Oh!” laughed Mrs. Hillyer. “I
can’t keep up my role of tragedy
queen, though I must congratulate
.. you on the success you are in playing
the, heavy villain. Mr. Lanrod,” more
seriously, “you are too good a friend
of mine. You worry too much about
trifles. I shall give Robert a. lecture,
and I am sure it will never happen
any more.”
“You are difiereut from what I
thought you if you can let such a
thing pass so lightly."
“It was bad form, but the dear boy .
is so unconventional. He thought
there would be no scandal if he stole
a kiss from his wife in the dark.”
“It was you ?” he asked, forcing a I
smile to his pale lips. “How infernal-
ly stupid I was not to have known it!
Can you ever forgive'me?"
“Yes, and forget you, too. Your
very protective, watchful friendship
is wholly unnecessary, Mr. Lander.
Robert dearly loves to take care of
me, and you are superfluous. Be
good enough to transfer your kindly
Offices to some woman who Will ap-
preciate them more.”
Landor bowed. His best-laid plan
had “gang aglee.”
_ New Engagement Ring.
Even the engagement ring of the
New York girl tells the story of the
times she is living in. It might not be
thought that lovers, generally all suffi-
cient unto themselves, would be influ-
enced by consideration of patriotism
and memories of the war that has just
come to an end, but there are evi-
dences that they are. The new en-
gagement ring is patriotic in the ex-
treme, and several engaged girls are
proudly wearing it.
It displays the three‘ national colors
and is really three rings. These are
quite separate and distinct. - Each is a
.very narrow band of gold, on which is
set seven very small stones. There
must be no display. Each must be ex~.
tremely simple, and the combined ef-
fect of the three very "quiet and ele-
gant
its seven stones. These are ranged in
a row. The second ring, of seven oth-
er stones similarly placed, is Of dia—
monds, the whitest that can be found.
The third ring shows blue in its seven
sapphires.
All this is rather expensive, despite
the fact that the stones necessarily
are small ones. So it can safely be
said that not many engaged girls will
be able to “sport" a ring or rings of
this‘variety. It is a betrotbal present,
5 however, that any girl who once sets
eyes on one of them will envy."—New
York Herald.
"Knots" and lililes‘. -
The use of the 'word “knot” in con-
nection with the speed and distance
sail-ed or steamed by a ship in a given
time is open to misconstruction. The
difference between the geographical
mile, as the term is used by lands-men,
and :1 nautical mile is that the latter
measures 6,080 feet, or 800 feet more
than the land mile. ‘
read of a'war ship making 20 knots, it
means that she is covering 23 ord-iné .
arymiles in an boon—New York Her-
ald. .' ' 'f .
Sold ier’s Magnau in) ous Act.
The war with Mexico is afl‘pnrt of .
our martial history. Taylor and Scott
and Davis and Lee came out of it im-
mortal. ,The epic 'of that great strug-,
gle was the storming of Chapultepec.
That frowning fortress was thevGib-
raltar of Mexico. Its massive walls
seemed' impregnable. But American
daring knew no Obstacles, and; an in.
trepidnbund of volunteers was chosen
to scale and assault it.
of course,” replied
that faith-less .
The first band or ring has rubies for
Thus, when we'
Norwalk Chronicler