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RETSOF MINING GO'S
PURE ROCK SALT ,
Sold in the lump form for stock and in the crushed form for curing meats ,
cucumber pickles and hides ; also for freezing and packing ice cream and for
refrigerating generally.
V Retsof , / RETSOF MINING CO. ,
MINES AT < Livonia , \ NEW YORK.
( Greigsville , ) SCRANTON , PENNSYLVANIA.
FIFTY-SIXTH ANNUAL REPORT
OF THE
NEW YORK LIFE INSURANCE COMPANY ,
JOHN A. MCCALL , PRESIDENT.
OFFICE : 346 & 348 BROADWAY , NEW YORK.
JANUARY 1 , v/ v/
* ! *
ASSETS.
Real Estate $ 16,925,900
Bonds and Stocks 170,854,974
Bonds and Mortgages 84,798,942
Loans secured by collaterals 2,894,000
Premium Loans 16,516,188
Cash in Office and in Banks and Trust Companies 14,070,177
Interest and Rents due and accrued 1,680,405
* Net amount of uncolleoted and deferred Premiums 4,955,981
Total Admitted Assets as per Certificate of Insurance Department $263,196,512
LIABILITIES.
V/
Reserve Value of Policies and Annuities ( those issued prior to January 1,1899 ,
value as per Combined Experience Table of Mortality with 4 % interest ; I
those issued since January 1 , 1899 , as per American Table of Mortality
with 8 % interest ) , as per certificate of New York Insurance Department. . $218,082,202
General Liabilities 8,175,059
Additional Reserve on Policies which the Company values on a 3 % or a § % %
I basis , over the 4 % valuation by the Insurance Department 4,288,077
Reserve to provide dividends payable to policy-holders during 1901 , and in sub
sequent years , per policy contracts-
Payable to Policy-holders in 1901 $ 8,587,790
Is Payable to Policy-Holders , subsequent to 1901 , as the periods mature : f
To holders of 20-Year Period Policies 19,704,511 v/
To holders of 16-Year Period Policies 7,422,746
To holders of 10-Year Period Policies 462,976
/s To holders of 5-Year Dividend Policies 257,882
Aggregate 81,885,855
Other Funds for all other contingencies 10,820,819
Total Liabilities $263,196,513
INCOME.
Total Premium Income $48,758,578
Interest , Rents , etc 10,165,941 \ /
Total Income $58,914,519
DISBURSEMENTS.
Death Claims Paid $12,580,998
Endowments Paid 2,949,576
Annuities , Dividends , Surrender Values , etc 7,825,258
Total paid policy-holders $28,855,826
Commissions , Brokerages , and all other payments to Agents 6,586,522
Home Office and Branch Office Salaries and Physicians' Fees 2,898,671
Real Estate expenses , Taxes , Advertising and all other expenses 2,285,844
Total Disbursements $35.126,363
New policies Paid for during 1900 , 116,299 , insuring $282,888,255.
Total number of policies in force January 1,1901 , 511,600 , insuring $1,202,156,665.
AGENTS WANTED-APPLY TO NEBRASKA BRANCH OFFICE , NEW YORK LIFE BLDG. , OMAHA.