lie. RICHARD A. McC‘U'RDY, Peseta? Statement for the Year Ending Dec. 31:97. According to the Standard of the Insurance Department of the State of New York. Received for remiums From all other Sources INGCMEQ 9 . To Policy-holders for'Claims by Death . . To Policyaholders for Endowments, Dividends, etc. For all other Accounts , Assume. United States Bonds and other Securities . First Lien Loans on Bond and Mortgage . . , Loans on Stocks and Bonds ' . . . Real Estate . . . . . Cash in Banks and Trust Companies . . Accrued Interest, Net Deferred Premiums, etc. . Reserve for Policies and other Liabilities . _;.Surplus . . \ . . Insurance and, Annuities in Force . . - $42,693,201 99 - W $54,162,608 23 nrsuumsnmnnms. - $13,279,630 66 . 12,712,424 76 . 10,132,005 57 $36,124,060 99 - $132,017,341 45 - 69,423,937 31 . 12,880,308 00 . 21,618,454 88 . _ 11,705,195 82 . 6,141,200 20 $253,786,437 63 . 218,278,243. 07 . - 535.508.194.59 59.36.634.496 63 Ihave carefully examined the for'egoing 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 ' THE MIITIIAL LIFE INSURANCE COMPANY OF- IIEW YOIIK. The undersigned, a Committee appointed by your honorable body, on the twenty. second day of December, l897,t0 examine the Annual Statement of the Company and to verify the same, respectfully—-—r 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 and have carefully gone over all the items contained in the said Statement, and have found the same to be come "l. The have examined and counted every certificate of stock, bond and other obligation held by the Company and cam ares], the prices at which the same are carried in said Statement with the market quotations, and find the same not excegdino such quotations——in fact, in many cases below them. They have examined and counted the bonds and mortgages on 1.63: property held by the Company, and find the same to be as stated. They have also verified the valuation of the Com- ’s holdin s Of real estate and have verified the de osits of mone in ' - £2.31 counted fhe cash on hand held by the Cashier. p y the various banks and trust companies, and And the Committee certify that all the books, papers, documents, and evidence of title of every description 11 e _ sary in such examination have been freely submitted to the Committee by the said officers and their assistants d ces- the same are accurate, in good order, and well kept. , , an that. And the Committee further certify that the investments 0f the Company are of a high order, and that the and methods adopted by the Company in recording its transactions and caring for the assets are entitled to COmmengifigf All of which is respectfully submitted. NEW YORK. January 21, 1898. CHAS. R. HENDERSON S. V. R. CRUGER ELBRIDGE T. GERRY J. HOBART HERRICK A- N. WATERHOUSE JAMES C. HOLDEN Board. of Tru.8‘bees- SAMUEL D. BARcocE RICHARD A. McCURDI JAMEs C. HOLDEN HERMANN C. VON POST WILLIAM J. SEWELL OLIVER HARRIMAN ROBERT OLYPHAN'I GEORGE F. BAKER DUDLRI OLOO'I‘T I FBEDEBIG CROMWELI. J ULIEN T. DAVIEs A. N. WATERHOUSE S. V. R. CRUGEB CHARLEs R. HENDERsOR Rurus W. PECREAM ’ J. HOBART HERRIOR WM. P. DIXON ROBERT A. GRANNISS HENRY H. ROGERS WILLIAM BABcoox S'rurvnsANT FISH H. WALTER WEBB JNO. W AUCHINGLoss THEODORE MORFORD Acousrus D. J UILLIABD CHARLES E. MILLER WALTER R GILLETTE GEORGE G. HAVEN ADRIAN ISELIN J R. GEORGE S. BOWDOIN WILLIAM C. WHITNEY WILLIAM ROCKEFELLER JAnes N. JARVIE CnAs D. DIOKEY JR ELBRIDGE T GERRY JAMEs SPEYEBJ ROBERT A. GRANISS, Vice-President. WILLIAM J. EAS’I‘ON, Secretary. JOHN A. FUNDA, Assistant WILLIAM P. SANDS, Cashier. CHARLES A, PRELLER, Auditor. C. CLIFFORD GRETSINGER. Asuistant Auditor. JOHN C. ELLIO l‘, Sup ELIAS J. MARSH, M D- Treasurer. WALTER R. GILLETTE, G M . ISAAC F. LLOYD, 2d Vice-President 9mm“ anagar DUEti du-P. BRECK, Corresponding Secretary ' ALBERT KLAMRO FREDE RIC’CROMWELL, Treasurer. JAMES TIMESON. 2d Assistant Treasurer. EDWARD P. HOLDEN, Assistant Cashier. EMORY MoCLINTOCK, Actuary. JOHN TATLOCK, JR , Assistant Actuary. WILLIAM W. RICHARDS, Comptroller. _ HENRY S. BROWN, Assistant Comptroller _ ._ ermtendent of Domestic Agencies. 133 WARD LYMAN SHORT. General Solicitor. MEDICAL DIRECTORS: v TH, Assistant Secretar . GRANVILLE 11. WHITE, M D- G. S. WINSTON M. D. Consulting. n tenets an antenna, sensual Agents. 1 A. E. CAMP, LocalAgeut. T n E. E v E n INZG.GA.Z_I41T T a. Till} MUTUAL Lire: INSURANB’ OF NEW YORK. CURRENT COMMENT- One thing to be remembered is that the war will have -to be fought all over again in the magazines. This is one of the vicissitudes of peace. The most unfortunate royal family of the nineteenth century is undoubt- edly that of Austria. The old Emperor has lost his wife by assassination, his son by suicide, and his brother, Maxi- milian, by execution in Mexico. Some of the New Englanders who in vested heavily in the great scheme for extracting gold from sea watei still believe that the process will make them rich. The gold brick dealer wil. call on these guilclcss persons i-iuvme diately. . After a. thorough overhauling, the battleships are again ready for busi- ness on a fighting basis; Yet, for the present, their-occupation is gone, and will not return until some other for- eign nation indulges in excessive guy- ety with the American eagle. And now Germany is displeased with the appointment of John Hay as Sec rotary of State, for the reason, it i: said, that it indicatesa steady growth of sentiment in favor of an Anglo- American alliance. It is a dull day when Germany doesn’t find some new American grievance 'to growl about. There are said to be about 3,000,006 Germans in the United States, and 3 very large proportion of the males among them are trained soldiers. These people are taking every opportunity tc declare their loyalty to our Govern ment, and they furnish an excellent reason why Emperor \Villiam should avoid a war with this country. I When this war passes into history, its recorders will lay stress on the humane features conspicuous in it as contrasted with former conflicts. Es» pecially are these to be seen in the care of the wounded. Never before did such sufferers, when carried by sea, have the benefit of such luxuries as the ice plant, ‘carbon-ating plant distilling plant, steam laundry and X-ray apparatus, with all of which the hospital ship Missouri is to be fitted. ' An American astronomer stationed in Arizona says flit telescopes of this period are large enough but that some of the best are badly located and give blurred views on account of atmos pheric defects. High elevations it dry climates are recommended. 01) jects can be distinctly seen at Are quipa, Peru, which would be invisibh with the same instrument at Harvard At great elevations in certain coun tries the number of clear nights is a: the maximum and the air is stehdicr as well as purer. «n—ou The judgment comes from the Dis trict court at the national capital that the sale Of newspapers on the streets is a legitimate business, and that newsboys have a right to enter street cars and sell papers to passengers pro- vided they behave themselves and leave the car when their business is finished. One newsboy was forcibly ejected from a car in “’ashingtor some time ago and had a leg crushed by a car running on the other track He has just Obtained an award 01 $5,000‘damugcs from a jury under in structions to the above effect by the judge. “To go up Salt River” has been I. phrase that runneth back as far a: the memory of the men who voted f0.- Jackson. In many parts of the coun try Salt River has been regarded as 2 myth, with no more real being that the Styx. But as a matter of fat: I Salt River does exist, and not many miles from Louisville at that. It rise: in Mercer county. _I-t flows througl Mercer, Anderson, Spencer, Bullitt Hardin and Jefferson counties. It ll bordered on both sides of its tortuou: course by rich farms and tobacct lands that produce also timber. fruit; grains and cereals. The feat of Dewey and Merritt i1 capturing Manila after the protocol 0! peace had been signed, has been com pared to the battle Of New Orleans fought and won by Andrew Jackson January 8, 1815, two weeks after the treaty of peace had been signed at Ghent. But the instances are far fron parallel. Dewey’s capture of Manilz on Saturday was the logical sequence of his glorious May-day victory. HI began and ended a campaign whicl has been an unbroken series of suc cesscs, and his occupation of the Phil ipplne capital, late as it is, puts a dra matte finish to the war and make: easier the task of securing the fruit: of our wonderful military success Jackson’s victory at New Orleans however, only served to console. the United States for its military failure: and to soothe the mortification 0: having concluded a peace the terms 0 which did not even reforto a single one of- the wrongs to repair which th. war had been declared. Jackson’t belated 5"‘5'r'cSS saved the Madison ad ministration from wreck and late made 030. Hickory President, but Nev Orleans had none but a sentimenta’ value. and was fruitless of any real re cults. ‘ BEFORETHE WAR BOARD- More Testimony About Trafis« pc rtation r0 ontracts. MANY FALSE STATEMENTS Col. Hacker's Statement About Repatria- ting Spanish Troops. Denials. ol Alleged Influences Used by Abner McKinley and Others. The Dilami and hIontauk Camps. Washington, D. 0., Dec. 10.—The (transportation to Spain by the United States of the Spanish prisoners surren- dered at Santiago was taken up by the war investigating commission yester- day, and Colonel Hecker, who made the contract for the United States, was re-. called to testify on this point. He said that there had been a coma bfination Of New York shipping con- cerns which would have caused an outlay of $1,400,000, while the actual outlay made was $513,000. The lowest bid was from a. PhiladeL phia junk dealer, who, however, had no visible means of executing the con- tract, and admitted his own doubt as to getting sufficient bond. This Philadelphian, Colonel Hooker testified, protested against not being awarded the contract, on the ground that he had “a. chance to make some money out of it.” The most feasible bidder was the Spanish Compania Transatlantica. Their bid unlike the others, relieved the government of all medical attend- ance, and finally, on the government's representations, the company agreed to reduce its figures about $180,000. “What inducedthe government: to send those people to Spain?" was ask- ed. “I do not know. The terms of surren- der provided for it.” ' Colonel Hecker read a long statement signed by one William‘E. Ryan, tell— ing of the alleged methods of the tran- sportation bureau in connection with the attempted sale of certain ships to ,the government. Colonel Becker said that he did not know Ryan. Several members of the commission said they would be glad to summon Ryan if he could-be found. Asked whether he was our approach- ,ed by Arthur McKinley. the president's brother, relative to the purchase of “ships, Colonel Hacker replied: “Never but once. He spoke to me once about a water barge, for which there was no use at the time, and I so informed him. I never had any other communication from him, either di- rectly or indirectly." “What part did the firm Of which Abner McKinley is a member play in the sale of ships?”. asked ex-Governor Woodbury. “None at all as to the army,” replied Colonel Becker. “I do not know as to the navy.” Asked about Ryan's charge that there was a subordinate in Colonel Hecker‘s office who exercised much in- fluence, and could be approached, Colo- nel Hacker replied that the negotiations were conducted directly, and that no subordinate in the office could have ex- ercised any influence. That was the first direct charge Of corruption he had seen against himself, as he considered himself responsible for what went on in his Office. He should, he said, like to be confronted with Ryan. The commission decided to summon Ryan if he could be found. Surgeon A. E. Appell, the next wit. ness, was examined about the camp site and division hosDital at Miami, in‘ Florida. He dlld not think Miami was a good place for a. camp, but knew nothing about the reasons for its selection. The equipment of the hospital there was good. but at times the water supply was 1119. filcie'nt. The witness said that he had made a request to Dr. Kent for some Red Cross nurses for service with the ty- phoid patients but before they arrived he had been instructed by Chief Sum geon Moss not to accept them. Asked as to the conditions at the Mon-tank camp, Surgeon Apnel said that they were generally satisfactory. He found that there was much unfoun- ded complaint. He cited the case of Mrs. Arnold, a prominent New York woman. who complained of the neglect of soldiers at Bellevue Hospital. She reported to him that two soldiers were ver‘r badly treated, had been struck by their nurse and desired to “get away. _ He investigated and found that the soldiers were perfectly satisfied and op- paged to being removed. ' Reverting again to the camp at Mi- ami, he said that the newspapers re- ported scores of deaths a. day. As a. matter of fact, in July, out of seven thousand men in camp there were only twelve deaths. News from hIanila. Manila, Dec. 10.—The United States transport Pennsylvania has arrived here from San Francisco. The _Kansas volunters landed yesterday; Private Frederick‘BancIl of the 20th Kansas died of typhoid fever on board the transport Indiana, and was buried ashore. The Army and Navy Club has been organized here, with Colonel Smith of California as president. The French transport Cachmire has arrived here for t‘ae purpose of repa- triating S: anlards. Sir Edmund Monson’s Speech. Paris, Dec. 10.-—-An explanation, ev1 dently emanating from the British em- bassy here, has been published, de- claring that the speech recently deliv- ered by the British ambassador, Sir Edmund J-.--Monson, has been misun~‘ derstood. ' __ , The rides. of any desire to interfere in internal affairs Of France or criti— cise her policy, is repudiated. Moreover It is stated that the whole attitude or the ambassador contradicts the suppo. sition Of malevolent intention. Mr. McKinley As Commander. Cincinnati, Dec. .‘10.——The Ohio Com. mandery of the Military Order of the" Loyal Legion, at an informal meeting here decided to choose President Mc- Kinley as commander at thenext elec- tion (In May. General Harrison and General Sher man have been commanders. . SHIPS teeter NAVY House Committee Will Probably Report in Favor of Fifteen. FORCE WILL BEINGRBASED The Recommendations of Secretary Long for Battleships and Cruisers to be Adop‘ ted. No Final Action Yet However. Washington, D. 0., Dec. 10.—The House naval committee has practically decided to bring in a. bill for the con-s struction of fifteen new warships, and for the increase. of the enlisted force to twenty thousand men, as recommen- ded by Secretary Long. The naval lcommittee does not wish to be behind the military committee in carrying out the president’s recommen- dations, and it is expected that a bill will soon be ready to report. ' There will be [three battleships of 13,500 tons, and great steaming radius: three 12,000 ton armored cruisers, three 6,000 ton armored cruisers, and six pro- tected cruisers of 2,500 tons each, for service lin the waters around our in- sular possessions. These are the Ships recommended by the bureau of construction, and while the committee has not yet finally acted its urpose has been very clearly in— dicated at the two informal meetings held this week. Working on the Army Bill. Washington, D. 0., Dec. 10.—The House committee on military affalirs began consideration yesterday Of the army measure. Such progress was made, that Chairman Hull said at the close of the meeting that he expected not only to report the bill to the House before the holidays, but also to pass it ’ by that time. Daily committee meetings will be held, beginning next Monday. Folio ’- ing them 2the various heads of s .p,‘ bureaus, the adjutant general, co ,- missary general, quartermaster gene - al, etc., will be heard. ' The bill under consideration yester- day was the Hull bill. The other arm? bill, drawn by General Miles, was not before the committee, but it probably," will be introduced in the House oh Monday and‘referred to the militia. " committee, so as to be taken up wh’ II General Miles is heard. For yesterday, however, the commit— tee confined its attention to going over the various provisions of the Hull bill. v The War Revenue Act. Washington, D. 0., Dec. 10.—Chair- man Dingley of the ways and _means committee has received a. letter from Commissioner of Internal Revenue Scott, recommending a number of am- endments to the war revenue act. The recommendations cover changes of an administrative character of ex— cise taxes on sugar, refineries and for a. penalty for failing to stamp parlor car tickets. Further provisions are suggested as to the examination by internal revenue Office of articles subject to internal rev— enue taxes. 0UP. INTERESTS IN CHINA. Observations and Views of.Ex-Mlnistcr Barrett. Shanghai, Dec. Ill—John Barrett. ex: United States minister to Siam. has re- , turned here after visiting Pekin and the principal Chinese ports. He says that the situation in China. is Of the most critical nature, and that;t Manchuria is no longer Chinese, but Russian territory. He asserts that New—Chwang, the chief northern port for the movement of American products, is also practi- cally Russian, and is liable to be closed any day.' i g The only permanent safeguard to paramount American and British in— terests, Mr. Barrett says, is immediate. and united action by the interested governments to defend the integrity Of the Chinese empire, to enforce reforms in the government, to prevent further cessions of ports and provinces. and to insist upon the “open door” policy in all ports of China. including the spheres of influence claimed by Russia. Ger- many and France. Otherwise, Mr. Barrett contends, the impending partition of the Chinese em- pire ~wi11 seriously curtail the field of trade, by disastrously affecting Ameri- can and British influence in Asia. Ignored the Empress Dowager. Pekin, Dec. 10.—The new Russian minister, M. De Geirs, presented his credentials to the emperor yesterday. The Dowager Empress was not pres- ent. M, De Geirs, on his arrival here, re- fused to present his credentials to the dowager empress. The emperor appeared to be weak and sickly. John Anderson Dies. Norfolk, Va... Dec. lit—When the death warrant was read yesterda.)r to John Anderson, condemned to be hang- ed for the murder of the mate of the Olive Packer, he was calm and said than he was ready to go. He protested his innocence. Anderson was executed during the afternoon. Blorocco Yields to Italy. Rome, Dec. 10.——The sultan of Moroc— co has complied with the demands of the Italian government regarding the detention and ill treatment of Italian proteges, and the Italian cruiser which was sent :to Tangier to receive the an- swar of the sultan to Italy's ultimatum has sailed for Brindisi. Powder lllllls Blown Up. Wilmington, Del., Dec. 10.—Three men were killed and eight were injur- ed, three Of them probably... fatally, by the explosion of a press mill and four grinding mills in the Hagley yard of the Dupont Powder Works at a few minutes after ten o'clock yesterday morning. __ . Peace Commission’s Return. London, Dec. 10.~—The members of the American peace commission are book. ed to sail from Southampton for New York. on board the American line stea- mer St. Louis on December 17.
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