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inE EvERInC‘GAzETTE’
THE MUTUAL Lll‘ii liSURAllGE lit.
OF NEW YORK.
RICHARD. A. MGCUBDY, President.
' Statement for 1 elearllndlng Dec. 31,07.
According to the Standard of the Insurance Department of the State of New York.
INCOMlo
Received for remiums _ . .
From all other Sources . . .
V DESB‘UESEMENTS.
To olicy-holders for Claims by Death .
To olicy=holders for Endowments, Dividends, etc. . 12,712,424 76
For all other Accounts . . . . ' . 10,132,005 57
W97:
ASSETSo
United States Bonds and other Securities . - . $132,017,341 45
First Lien Loans 0n Bond and Mortgage . . . 69,423,937 31
Loans on Stocks and Bonds . . . . 12,880,308 00
Real Estate . ' . . ' . . . 21,618,454 88
Cash in Banks and Trust Companies . . . 11,705,195 82
Accrued Interest, Net Deferred Premiums, etc. . . 6,141,200 20
_ 1 W
Reserve torroucies and other Liabilities . . . 533573312; :7
Surplus . . . . . . $35,508,194 59
.lnsurance and Annuities in Force . . . $936,634,496 63
$42,693.20! 99
_ 11,469,406 2.4
$54,162,608 23
$13,279,630 66
lhave carefully examined the foregoing Statementand 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
To THE HONORABLE, THE BOARD OF TRUSTEES or
to verify the same, respectfully—w
by the Treasurer, the Comptroller,the Auditor, and the Cashier,
property held by the Company, and find the same to be as stated.
have counted the cash on hand held by_the Cashier.
the same are accurate, in good order, and well kept.
CHAS. R. HENDERSON
S. V. R. CRUGER
All of which is respectfully submitted.
NEW YORK, January 21, 1898.
And the Committee certify that all the books, papers, documents, and st"
sary in such examination have been freely submitted to the Committee by the
And the Committee further certify that the, investments of the Company are of a high order
and methods adopted by‘the Company in recording“ its transactions and caring for the assets are entitl
Report ofthe Examining Committee. '
Office of the Mutual Life Insurance'Company of New York.
THE MUTUAL LIFE INSUBAHGE COMPANY OF» NEW YORK.
The undersigned, a Committee appointed by your honorable body
second day of December, l897,to examine the Annual Statement of the Company and
on the twenty-
REPORT
That, pursuant to the power and authority thereby conferred, the Committee have, at var
date of the said reference and the date of th is Report, attended at the office of the Company
l
ious dates between the
and have been waited. on
. A ‘ Gm .615
have examined and counted every certificate of stock, bond and other obligation held by the Compan '
the prices at which the same are carried in said Statement with the market quotations, and find the sani ,
such quotations—in fact, in many cases below them. They have examined and counted the bonds and m
rest. They
and compared
8 not exceeding
Ol‘tgages on real
They have also verified th- '
pany’s holding.c7 of real estate and have verified the deposits of money in the 0 Valuation 0f the Com-
various banks and trust companies. and
Idence of title of every description neces-
said officers and their assistants, and that
and. that the system
ed to commendation
A. N. WATERHOUSE
JAMES C. HOLDEN
ELBRIDGE T. GERRY
J. HOBART HERRICK
SAMUEL D. BABCOCK
RICHARD A. MCCURDY
JAMES C. HOLDEN
HERMANN C. VON POST
WILLIAM J. SEWELL
OLIVER HABBIMAN
ROBERT OLYPHANT I
FREDERIG CBOMWELL
J ULIEN T. DAVIES
A. N. VVATERHOUSE
S. V. ll. CRUGEB
CHARLES 'R. HENDERSON
RUFUS W. PECKHAM
J. HOBART HERRICK ‘
GEORGE F. BAKER ’
DUDLEI OLOOTT |
WM. 1’. DIXON
ROBERT A. GRANNISB
HENRY H. ROGERS
Jim. W AUCHINCLOSS
THEODORE MORFORD
WILLIAM BAECOCK
STUYVESANT FISH
AUGUSTUS D. J UILLIARD
CHARLES E. MILLER
WALTER R GILLETTE
. H. WALTER WEBB
Board of Trustees-
GEORGE G. HAVEN
ADRIAN ISELIN J R.
GEORGE S. Bowoom
WILLIAM C. VVHITZ’ZE‘Y
WILLIAM ROCEEEELLEB
JAMES N. JARVIE
CHAS D. DICKEY JR
ELBRIDGE T GERRY
JAMES SPEYEB;
~.uv~‘
ROBERT A. GRANISS, Vice-President.
WALTER R. GILLETTE, General Manager.
ISAAC F. LLOYD, 2d Vice—President
WILLIAM J. EAS'BUN, Secretary.
111131113 Iii bgin—l3. BRECK, Corresponding Secretary
KLAMROTH, Assistant Secretary.
FREDE RIC CROMWELL. Treasurer. .
JOHN A. FUN DA, Assistant Treasurer.
WILLIAM P. SANDS, Cashier.
JAMES TIMkSON. 2d Assistant Treasurer.
EDWARD 1’. HOLDEN, Assistant Cashier.
EMORY MCCLINTOCK, Actuary.
JOHN TATLOCK, JR , Assistant Actuary. '
CHARLES A, PRELLER, Auditor.
C CLIFFORD GRETSIN GER, ASuistant Auditor.
WILLIAM W. RICHARDS, Comptroller.
HENRY s. BROWN, As ' t t -
JOHN C. ELLIO r, Superintendent of Domestic Agencies. 818 an comptmu‘”
E7) WARD LYMAN SHORT. General Solicitor.
MEDICAL DIRECTORS:
ELIAS J. MARSH, M l)’
‘ ‘ . CttANVILLE )1. WHITE,
(1. S. WINSTON M. D. Consulting.
MD;
mesons do cannons, coaster Agents.
l
A. E. CAMP, Local. Agent.-
Among‘ the gallant
M’KlNlEYAT SAVANNAH
A Notable 'Slggh—at the Chamber
of Commerce Banqult.
A FLATTERING RECEPTION
Fifteen Thousand People Greet Mr DIC-
]{inlcy and His Party and Cheer Ex-
pansion Sentiments. He Says it is Our
Duly to Hold the Philippines.
Savannah, .13., Dec. 19.——The recep
tion given to President McKinley and
the members of his cabinet by the citi—
zens of Savannah Saturday more than
equalled in hospitality and complete-
mess of arrangements any previous ex—
periences which have marked the pres-
ident’s trip in the South.
The party arrived from Montgomery
at eleven o’clock in the forenoon, rc—
viewed ten thousand troops stationed
around Savannah, took a trip down the
Savannah river and was entertained
in the evening at a. grand banquet tten-
dered by the Chamber of Commerce
and Association of Citizens.
The enthusiasm of the citizens and
the fifteen thousand persons who came
to the city from the surrounding coun-
try to greet the president was full};
equal to the demonstrations which
have distinguished the trip in other
cities.
At the banquet in the evening, in the
De Soto Hotel, where the presidential
party is staying, PresiEmt McKinley,
amid frequent applause. niade this
speech:
“There is cause for congmtulaliott
that with the grave problem before us
growing out of the war with Spain, we
are free from any divisions at home.
“Our financial and revenue policics
cannot be changed for at least four
years, and whatever legislation may
be had affecting them during that pe—
riod will be to improve and strengthen.
not destroy them.
“The public mind must, therefore,
repose in reasonable security, while
business will proceed without appre—
hension of serious and sudden changes
so disturbing to the commercial world
and so distracting to the business men,
all of. which is fortunate for the" coun-
try, for every interest and every sec-
tlon of the country. Even those who
desire other and different policies pre-
Ecr'perihanence to constant change, or.
what is almost as hurtful, the fear of
change. ‘
There are, happily. how no domestic
differences 'to chec kthe progress and
prosperity of the country which our
peaceful relations with the whole
world will encourage and strengthen.
“This is fortunate, vtoo,
sense. It leaves the country free to
consider and discuss new questions
which are immediately before us, un—
biased by party or past political alli-
ances. These new questions are 'to be
thought out and wrought out, not in
a spirit of: partisanship, but in a spirit
of patriotism; not for Ithe temporary
advantage of one party or the other.
but. for the lasting advantage of the
country. Neither prejudice nor pas~
sion nor previous condition can em-
barrass the free action and calm judg-
ment oi? the citizen.
“W's have entered upon new paths.
. we are treading in an unexplored field
which will test our wisdom and states-
manshlp. The chief consideration is
one of duty; our actions must be con-
trolled by it. No settlement is admis—
sible which will not preserve our hon—
or and promote the best interests of
all concerned.
“if, following the clear precepts of
duty, territory falls to us and the we!-
fare of an alien people requires . our
guidance and protection. who will
shrink from the responsibility, grave
though it may be? Can we leave these
people who, by the fortunes of war and
our own acts, are helpless and with—
out government, to chaos after we
have destroyed the only governmept
they have had? After destroying their
government it is the duty of the Am—
erican government to provide for them
a better one.
“Shall we distrust ourselves? Shall
we proclaim to the world our inability
to give kindly government to oppres—
sed peoples, whose future, by the vic-
torles of war, is confided to us? W'e
may wish it were otherwise, but who
will question our duty now?
”It is not a question of keeping the
islands of the East, but of leaving
them. Dewey and Merritt took them.
and the country instantly and univer-
sally applauded. Could we have
brought Dewey away. without univer-
sal condemnation at any time from
May 1, the day of his brilliant victory,
which thrilled the world with its bold--
ness and heroism? VVas' it right to
order Dewey to go to Manila and capt-
‘ure or destroy the Spanish fleet and
dispatch Merritt and his army to rein-
force him?
.“If it were duty to send them there,
and duty required them to remain
there, it was their clear duty to anni-
hilate the fleet, take the city of Ma-
nila and destroy the Spanish sover-
eignty in the archipelago. Having
done all that in the line of duty, is
there any less duty to remain there
and give to the inhabitants protection
and also our guidance?
“Shall we refuse them guidance to a
better government, which will secure
to them peace and order and security
in their life and property and in the
pursuit of happiness? Are we unable
to do'this? Are We 'to sit down in our
isolation and recognize no obligation
to a struggling people whose present
conditions we have contributed to
make? I would rather have the confi-
dence of the poet Bryant when he ex-
claimed:
“Thou, my country, thou shalt never
fall.
Seas and stormy air
‘Are the wide barrier of thy borders,
where, ,
sons that guard
thee well.
Thou laughs-st at cnemles.
. then declare .
The date of thy deep founded strength.
or tell
How ham-y in. thy lap the sons of men
shall dwell?
Who shall
”My fellow citizens, whatever coven—
antsduty has made. for us in the year
1898 we must Keep."
in another ‘
' management.
A NEW DAWSON.
Gold Ore Assaying 816,000 to the Ton
Found.
Canon City, 001., Dec. ISL—The dis—
covery of gold five miles southwest of
this city has caused a new town to
spring up in a night. Half of the able
bodied men of this rtown have gone to
the scone of the discovery and a thou-
sand claims already have been staked
out.
The new camp has been named Daw-
son City,‘ after B. X. Dawson, who lo-
cated a, mineral vein from which he
dug ore assaying $16,000 gold to the
ton.
The main vein has been traced fif-
teen miles. Some believe that it is
an extension. of the famous Basslck
vein of Silver City.
Spokane, Wash, Dec. 19.——There is
great excitement here over repeated
richstrikes in Republic Camp, on the
Colville reservation. It is now demon-
strated that the gold belt is ant least
seven miles long and three miles wide.
and in that area. rich ore chutes are
being discOvered daily.
The sensation this week is an extra-
ordinarily rich strike in the Morning
Glory. The claim was bought for a
few hundred dollars last week by a
syndicate of Spokane men. A company
was incorporated and a block of treats-
ury stock was sold at 2 1-2 cents.
were set to work on the claim making
an open cut and struck .high grace
ore at. the grass roots.
The Republic correspondent of the
Spokane Spokesman-Review telephon—
ed that he sampled an eighteen-inch
pay chute on the claim and the assay
return was $665 in gold.
Large blocks of the stock are chang«
ing hands at tweIVe cents.
WILL BE SENT IN AT THIS SESSION.
The President’s Determination With Re-
@393 gard to the Peace Treaty.
VVashingtOI‘, D. 0., Dec. 19.—T'ne
president will submit the peace treaty
to the Senate at the present session.
So much has been definitely determ--
ined. -
The text is still lacking here and
will not reach Washington before next
Saturday.
Although desirous of placing it be—
fore the Senate at the earliest oppor-
tunity, the president 'will not be _ablc
to do so for a. week after its receipt,
for the reason that Congress will be
in holiday recess.
Meanwhile the treaty will not be
given to the public. Strong pressure
has been brought to' bear already to
change ‘this decision, but a strict ob—
servance o ’ the established custom in
such cases will be followed in order
to avoid exciting useless animosity
against the treaty on the part of stick-
lers for the observance of the courtesy
due to the Senate. . 17....-. ..
Tilda:
Pingree's Income Tax Bill. h
Detroit, Mich, Dec. 19.—A draft of
Governor Pingree’s state income tax
measure has been made by one of his
‘rl‘li’iffl lieutenants, State Senator Ira
T. Sayre.
The. bill will be submitted to the gov-
ernor next week for such changes as!
he may see fit to make before it is of—
fered to the. legislature.
As the bill stands at present it con-
tains :the following schedule of rates:
IncOmcs $500 to $2,500, one—quarter of
one per cent; $2,500 to $5,000, one-half
of one per cent; $5,000 to $10,000, one
per ccnt., and over $10,000, two per
cent. .
There is no doubt that Governor
Pingree will change the minimum to
one thousand dollars instead of five
hundred dollars, as the last named
sum would affect the poorer work-ing~
men and laborers.
Titovcinen-‘s of “Eu-ships,
‘ Washington, D. 0., Dec. 19,—A tele-
gram received not the navy department
from Captain A. S. Barker of the bat-
tleship Oregon reponted the arrival of
that vessel and the battleship Iowa at
Valparaiso .Chili Saturday.
The vessels were last heard from at'
Montevideo, and the run from that
place to Valparaiso by way of the
Straits of Magellan, is considered a. re
markably good record.
From Valparaiso the battleships will
$50 to Callao, Peru, to await orders.
They will be directed to steam from
Callao to Honolulu and thence to Me—
mile.
The flagship New York has arrived
at Key W'est from Havana. She will
return to Havana when she has coal-
ed.
To Succor Havana's Insane.
Havana, Dec. 19.—Dr. Archinard of.
the American commission has report-
ed that there were 315 insane patients
in the Havana. asylum. Of these 170
are sick and the remainder are starv-
ing and had no clothing.
In- one year 720 patients had died Of
hunger. Dr. Archinard reported also
that the condition of the Havana cent-
etery was vile beyond description.
Twenty—two bodies were buried in a
single trench.
The American commission ordered
fifty thousand pounds of food to be
supplied to the insane asylum and re-
"quested the representatives of the Red
Cross Society to meet the commission-
ers to-day.
Deaths of Soldiers at Manila.
Washington, D. 0., Dec. 19.-—Major
General Otis has telegraphed to the
war department from Manila. that since
his last sanitary report on December
10 there have been two deaths among;
the United States troops in Ithe Phil-
ippines. 7
George 0. Larson, corporal, Batter}.-
A, Utah Artillery, died of typhoid fev-
er, and James Healy, private, Com-
pany I, Eighteenth United States In-
fantry, died of cerebral hemorrhage,
the result of an accidental fall.
Major General Henry telegraphed
from San Juan that no deaths occurred
among the United States troops in Por-
to Rico Saturday.
Baltimore Roads Consolidate.
Baltimore, Md., Dec. 19.——It,is offici-
ally announced that an agreement has
been reached by which all the street
railways in and about Baltimore will
be consolidated, and hereafter the va-
rious lines will be controlled by one
The 'sum involved is in the neighbor-
hood of $28,000,000, and it was conclu-
ded through 'the agency of Alexander
Brown 8: Co. '
fi-~n ..0 u... ~~- .
“m.~~—I~
Men,
Traits th‘H CAN till-
Treaty Govering Nearly All the
Points Will Be Signed.
T.—
EEGIPEceITY EANGS FIRE -
Some DIatters of Reciprocal Trade Rela-
tions ‘Will Be Adjusted Now However.
_'].‘he Electing; Was Called to Settle A ny
Standing Diil'orences.
Washington, D. 0., Dec. 19.——The
meeting of the Canadian joint commis-
sion to-day will be the last before Jan-
uary 5, when the commissioners will
reassemble in Washington to finish
whatever treaty they are able 'to agree
upon for presentation to their respect-
ive governments.
It may be definitely stated that a.
treaty covering practically all of the
points under consideration, except that
of reciprocity, will be Signed.
It is almost equally sure that some
matters of reciprocal trade relations
will be adjusted, and that these will
be fewer in number than the Canadian
commissioners had hoped for when op-
ening negotiations.
Ottawa, Ont., Doc. 19.———The official
information from W'ashington summed
up, is that ”fair and reasonable prog-
ress has been made on all the subjects
that have been taken up by the com-
mission. c
The conference was not called prim~~
arily for the purpose of negotiating
foolproclty. but to discuss, and, if pos—
Sible, settle, long standing issues that.
have caused irritation between Canada
and the United States. Behring sea
Sealing regulations is one, the Alaskan
boundary another. The alien laws,
Atlantic fisheries and lake warship
questions are among the other lead-‘
ing topics considered. ,-
As regards the scaling regulations,
the Ifreaty of Paris is called for re—
vision within five years, and the mam
cauSe of difficulty in regard to the Beh-
ring sea arose from the delay lin revis-
ion. ' 3.”:
In this, fair and reasonable progress
alSo is reported.
In the Alaska boundary matter the
¥ukon gold discoveries made both
sides desirous of arriving at a mutual-
ly satisfactory solution. Canada found
a. strip of thirty miles of territory,
claimed 'to be American, intervening
between 'the gold fields and the sea,
and all Lhe means of access from salt
water in American occupation.
The Amelcans found inteposed be-
tween the coast strip and their valua-
ble possessions beyond a Canadian
wedge, five hundred miles broad,
across which was the easiest and best
road. ‘-
In these circumstances a, settlement
was approached in a. temper that re-
sulted in fair and reasonable progress
being reported under this head as
well. Similar progress is made in the
other outstanding; disputes.
Reciprocity is a different affair. As
soon as it became known there was a
possibility of some changes in the tar—
iffs, leading representatives of the in—
dustries likely to be affected at once
brought all possible influence to bear
on their respective commissioners to
revent changes calculated to injure
their enterpriées.
The facts that members of the com-
mission are also members of the lee:-
islaxtures of the countries they repre-
sent and that Congress is sitting and
members of both bodies cannot conve-
niently’ be in 'two places at once, sug-
gested an adjournment during which
the claims of the industries referred to
could be weighed and the proposals
and counter proposals considered at
greater leisure.
This is the situation as it is official—
ly understood here.
Extra Pay Instead of Furloughs
\Vashing‘ton, D. C., Dec. 19.—-Reprc-
sentative Hull, chairman of the House.
committee on military affairs, has in-
troduced a bill granting extra. pay to
officers and enlisted men of the United
States volunteers.
It provides that in lieu of granting
leaves of absence and furloughs to
officers and enlisted men belonging to
companies and regiments of United
States volunteers who have served be-
yond the limits of the United States
prior to muster out of service. all offi—
cers and men hereafter ordered mus—
tered out shall be paid two months'
extra pay on muster out and discharge
and officers and men who have served
within the limits of the United States
shall receive one month’s extra pay.
The discharge of these men is to take
effect 0:1 the date of the muster out,
and regiments and other independent
organizations shall be mustered out
at camps within the limits of the Unl— .
ted States or at Ithe rendezvous of the
state, regiment or independent organ-
izattlon.
To Prosecute Canal Charges.
Albany, N. Y., Dec. 19.-—Attorney
General Hancock has designated Ben<
jam-in J. Shove of Syracuse as a. depu-
ty attorney general to prosecute the
criminal actions against Superintend-
ent of Public Works Aldridge and
State Engineer and Surveyor Adams.
Mr. Shove’s power as a. deputy at~
torney general will be co-relative with
that of the district attorney of this
county ‘in that he may present evi-
dence Ito a. grand jury and ask for in-
dictments.
It was said at the attorney general's
office That it was not possible for Mr.
Shove to prepare his cases for submis-
sion to a grand jury before January,
and probably not before the month of
. February.
Mr. Shove will be assisted by Judge
Countryman, who has been designated
by the governor to act in the case.
Gen. She‘aidan lo Command in Chicago.
Chicago, 111., Dec. 19.—-General M. V.
Sheridan, brother of General Phil Sher-
idan, is to command the department
of the great lakes in Chicago.
General Sheridan has been anxious
to return to Chicago for some time. He
has many friends here and is much re-
joiced over the transfer, although it is
understood that it is only temporary,
General John W. Bacon'has been in
command of the department, and now
he will devote his entire time to the
army in Dakota.
Norwalk Chronicler