Show NewYork Life Insurance Co Coi i Broadway New Y st I h ANNUAL REPORT To the holders a C J oJ At the suggestion of the Board of Trustees I the of OU Report which appears s below elow with the st statement which accompanied d the prese t of f t the e full ful Report to the Board t ln tit l r f 1 C The figures placed before you by tHe offices officers Of bf this Corn including me disbursements and of the year I the balance sheet and d detailed tailed schedules of assets at the close of f 1909 an picture N No 0 re reviewed v viewed ewed the caz avoid the on that energy capacity and fidelity administration in were not born yesterday in the New 4 York Life Any claim which we as Trust Trustees es and officers may have hav to ap approval pro val by the families protected by thiS institution is ia pe le stronger by th the admission which we all make that our our pre predecessors U toiled botH mightily arid and wisely C A great life insurance company is not the product of accident V or viol violence ce It dobs arise fr from m a social as amoun U 4 ta tam n may suddenly arise arisa in the landscape from a convulsion of nn n Iture ture Itis It is the product of labor of thought f energy of ofu u fidelity of faith of good will amongst men menu u storm has swept over ver an estate arid has done its cruel possibly necessary the may send for men and di diu direct u them to cut away broken aud nd twisted branches to prune aw away y and growths and cl clear ar Having done 4 this the men would hardly be entitled to claim credit on that If C the fact that certain trees were still sy 1 bea beau beautiful Iti ul vast in girth and vigorous to the outermost twig Any su suU such U claim would be presumptuous and the th men making it would become l II ridiculous The Newyork Life grew like the oak and it tells the same story of storm and tempest survived C Lately the hurricane came and did its necea We were called in by the owners of tho estate the 1 policyholders and told to correct errors to change chango methods to dis 4 1 continue certain practices We have done the work but we are not now possessed of the idea that this necessary and useful work as such reflects discredit on our predecessors or especial glory on us usa It a Having carried out the wishes of the policyholders we now I U assure them in the tho facts annexed of the vitality the soundness the large capacity for social usefulness of the tho NewYork Life But we weare weare are obliged to tell them tt qt the same time that sound and virile as the thea a Company is its future usefulness is limited U II The owner of an estate after the passing of a storm never orders the men who remove broken branches and cut away undesirable undesirable able growths to excise the living growing body of a cut 0 for the deliberate purpose of ending a trees further development Such a direction would be contrary to nature it would indicate a that the owner omer of the estate either had no knowledge of natural C laws Jaws or that he cherished an especial hostility against fine fino trees U When the State of New York Y rk enacted certain statutes I jug ing economy eliminating the legislative blackmailer compelling INAUGURATION SHOE SALE Now NOV l J publicity and strict accountability it did well B But t when it enacted Section 96 06 of the insurance code deliberately intending to stop the natural sound and healthful growth growt of this Company it sinned Obeying the law we have been obliged to cut deep into the living tissue into its organized working force and so 50 strong is the vitality so rapid its recovery recovery that we have been obliged to cut again and again Let me me give you a few facts Our domestic at the close of 1905 1005 and at the dose close f was as follows a 11 Branch Offices Enrolled Agents Agent 1905 l 1909 9 82 2007 Decrease 2865 2565 The total number of outstanding policies and the total out outstanding outstanding standing insurance e on the same dates were i Number of Amount of Policies Insurance fi 1905 os S 4 Decrease l Three full years have intervened since these l laws ws took effect We find no fault with most of 01 them But the record shows that See Sec Section U tion 96 which limits our new now business in each calendar year to an amount equal to about per cent of our insurance in force makes any material expansion of our outstanding insurance impossible Inevitably if the law remains outstanding insurance will perma permanently permanently decrease The law was not intended to have and it does not have this effect on all the companies of this State It is therefore not only un unsound unsound sound but unfair To correct this it is only necessary to get a clear statement of the truth before the people This we have tried to accomplish We have m made de progress s We shall get reasonable relief in time because in this country nothing is ever set it tIed until it is settled right I f The facts in the report and the unsurpassed usefulness of the will eloquently plead our ease case before the bar of public I opinion A showing the income and the disbursements for 1909 the balance sheet at close and schedules describing in detail each item of tile the assets will be mailed to any poliy holder or any other person on request Yours truly I New York January 15 1910 President TOTAL AD ADMITTED fITTED ASSETS I 4 Book values I INSURANCE IN FORCE JANUARY 1 1910 I Balance Sheet January 1 1910 1 9 1 0 ASSETS Real Loans on Mortgages Loans on Policies Bonds market value Dec 31 1909 1009 Cash r Renewal Premiums 8 Interest n ad d Rents due and accrued Total iNCOME TOOME 1909 1 PremIUms 2 On New Policies 3 On Renewed Policies 4 Annuities etc 5 Real Estate Rentals 6 Interest on Mortgages 7 Interest on Policy Loans 8 Interest on Collateral Loans 9 Interest on Bonds 1598 10 Interest on Bank Deposits 29 11 Other Interest 12 Increase by Adjustment in Book Value of Ledger Assets ts 13 Other Income Total LIABILITIES Policy Reserve Other Policy Liabilities Premiums and Interest Prepaid Commissions Salaries etc Dividends Payable in 1910 Reserve for Deferred Dividends Reserves for Other Purposes ji Total DISBURSE 1909 s 1 Payments to Policyholders 2 Death Losses 8 3 To Living Policyholders I 4 Installments Dividends and Interest paid under supplementary contracts 5 Commissions on New Business 6 Renewal and Oth r to 7 Medical Exa ninn and Supervision S 8 Branch Office Salaries 9 Home Office Salaries 10 Taxes Licenses and Insurance Dept Fees 11 Rent and Real Estate Taxes and Expenses 12 General Expenses and Profit and Loss 13 Decrease by Adjustment in Book Value of Ledger Assets 14 For Reserves to meet Policy Obligations Total N NEW W INSURANCE PAID FOR IN 1909 Exclusive of Revivals and Increase in Old Poli ies H Under r tIe s of Ne New York anything in 10 excess of would have the oUI er of the Company liable to Indictment ot To keCI within I the C a number of Branch lurIng 1109 and discharged n a group of men meo who paid tor oser oer in 10 twelve mouth I When You Yon Move Do It Quickly ou Our are complete In dt de detail tan tail Service I is prompt and trial will wUl convInce you J C Watson Transfer Co Ca Cow Caw w c WATSON Mgr Mer IND IND 1 ios I ELL E 1 BEST BARGAINS are at BARONS BOLD JANUARY SALE of Winter Clothing I Reliable Dentists r Besl Work DR ZIMMERMAN MAIN ST Set of Teeth best red rubber no 00 Gold crowns noo BrIdge Work b best lt Gold Fillings FillIng Fillings All work guaranteed U 12 years ExtractIon Free Freo with Plate Plat 1 I PRORATE AND NOTICES C n county Cerk or the rs ft fr further information f atlon IN THE DISTRICT DISTRICT COURT COURT PRO PHO PRObate bate In and for Salt BaIt Lake co un ty State of at Utah I In the matter of at the Ule estate of at FranciS Armstrong Notice THe TUe petition of Isabella S Armstrong and William F Armstrong an trustees ot of the estate ot of Ann strong deceased for confirmation of the sale ot the following described real and personal property or of said decedent to wIt shares ot of the capital stock or of laCk toot foot Stock company compan for tor the sum ot of Ii 1 1 In cash and two notes 01 u uthe the said Austin Brothers company in pay payment payment ment of balance each dated July U 14 1901 19 and bearing Interest at 6 per cent pr pel annum one due one year after atter date th the theother other duo two years after date Real estate The northwest 4 of eec Bec tion 32 township two south range ranga one west Salt Lake meridian Salt Lake county Utah one hundred and sixty acres unimproved for tor the sum or of 1600 cash balance secured by mortgage one for running for tor one year wt a interest at 7 per cent the other tor or runnIng for Cor two years at 7 1 per cent in interest interest terest For settlement of annual account partial distribution for allow allowance anco ance and Investment made as appears from the return ot of sale tiled flied in this court has been set for tor hearing on Friday WI th day ot of February A D 1910 at 2 p m at the county court house houseIn In the court room ot of said court ui In Salt Lake City Salt Lake county Utah Witness the clerk of saId eald with the seal thereof affixed this day of at Jan January January uary A D 1910 MARGARET ZANE WITCHER Seal Clerk By L P Palmer Deputy Clerk Young Moyle Attorneys for PeU Peti Petitioner ut IN TUE DISTRICT COURT PRO PRObate PRObate bate division In and for tor Salt Bait Lake COW coun tl t state of at Utah In the matter or of the theos os estate te of Alfred Bennion The petition of oC Amelia Eliza Bennion and Alfred Bennion administrators ot of the estate of Alfred Altred Bennion deceased for confirmation of at the sale of at the follow Collow lag Ing described real estate of said decedent An undivided interest In the following described property to wit The northwest quarter section twelve lZ 12 the northwest quarter of see sec section tion one 1 the northeast quarter of see sec section tion eleven ii 11 all In township 3 south or of orrange range 2 w west st Salt Lake meridian ap appraised P praised at 4 O Also an undivided Int Interest rest in inthe Inthe the following described property Corn Com at the northwest corner of the tiO northeast quarter of at section fifteen and running thence east feet teet thence south tet fett thence south 79 deg 4 min mm west feet thence south deg west 35 feet teet thence south 60 00 deg 27 T min mm west feet thence north 6 deg S 8 min mm west feet then thence south 85 t deg 32 min mm west feet teet thence north feet to the place of at beginning all In township three 3 south BOuth range two to 00 2 west Salt Lake meridian Salt Lake county Utah appraised at 2000 an undivided Interest In of sale No 1614 1574 from the stae ot of Utah to Hyrum Dattman Bateman an undivided Interest of at which was duly as assigned signed to said laid deceased upon whIch ore one half interest of at the said certificate ther therIs Is due and owing from the said deceasEd the sum ot of Z which said certificate Is on the west half hair ot of the southwest quarter quarter ter of section tour four 0 4 and the east hat bat bator or of the southeast quarter of at section the 5 In township three 3 south or of range two Z 2 west Salt Lake meridian In the r o county ot of Salt Lake state of cf Utah sp ap appraised praised at Also an undivided Interest in n certificate of sale No 1577 from the eta o at Utah to Christopher Bateman sri an UD r divided Interest of which said certificate was duly assIgned to the deceased In his lifetime and upon Interest ot of the said anid ate there is unpaid the sum of Said Sati certificate Is for the southwest quarter Jl section i L In township 3 south ot of range west Salt Lake meridian appraised at The southeast quarter ot of the south COUt southwest west quarter of section eight 8 townshIp 2 south o of range 1 west SaIt Lake meridian for th the suns sum ot of 00 and upon the following term Ten per cent of the said price pHe down and the balance upon matteD by this court as appears from the of sale flied filed In this court ourt has been set for hearing OR on Friday the day ot of January A D 1918 at 2 p m mat mat at the county court bou house In the court courtroom courtroom room room of said In Salt Lake Salt Lake county Utah Witness the clerk or of said Hid court with the seal thereof affixed this thie lith day ur of January A D 1 1910 1 MARGARET ZANE WITCHER Seal Clerk By y L P Palmer Clerk cannon tannon Stokes for tor pet IN THIll TH DISTRICT COURT PRO PROba PRObate ba bate te division in and for tor Salt Lake cow ty state stat ot of Utah In the matter ot of the tio estate or of Georgina Jamieson deceased Notice The petition ot of W V H Bishop adminIs adminIstrator ot of the estate ot of Georgina Jam Jamson Jamson son deceased ed praying for tor an order of f sale ot of real property of oC said and that all persons before beCore the said court to show cause whY VLY an order should not be granted to sell so much as shall b be necessary or of the fol following 1 lowing described real estate ot of sad de deceased deCeased ceased That certain lot lof pIece or CT parcel of land situate lying and being b iC n fl South Cottonwood ward county or f alt t Lake and territory of Ut Utah h i described as a follows at a point near the center of Stale SLI 0 road 1244 1241 twelve chains 1 S east and three chains links link south from the northwest corDer f flot flot lot 4 toUr foUr section l 7 seven Hven tas as In township 2 two south f frange range 1 e pst t Salt Lake meridian and running thence east allt on line u It fic f P thirtyfour chaIns thence south chairs chains tw tV ha links 2112 along center ot of water d thence north Ii degrees w along Iong small ditch ditth 1621 sixteen eha el is C twentynine links thence north 4 and degrees west i 0 I seven chains links then south eighteen and a half degrees We ct t three chains I i h thence west on section line one links thence north 83 S dr S west four chaIns two links the e north 77 71 degrees west il SL eight chaS twelve links to a point near the rent r of State road thence north two 21 10 grees east along center of said road lUO 1380 chains eighty links to tie point ot of beginning 41 acres beng bengIn bC In Jamieson patent 11 n r rin In J patent four arr 1 10 fl William WilHam patent and rods In Dan Welchs containing In all SS I X acres one hundred and square rods be the same more or leeb has be n set sat for tor hearing on Friday the tay ay or f January A D at S p n IT nat at the county court house bouse In the court courtroom room ot of said court In Salt Bait Lake City Sait a t Lake county Utah Witness s the clerk of at said court gourt wit W h 1 the seat thereof affixed this lith day or of January A D MARGARET ZANE WITCHER Seal Clerk By 1 L P Palmer Deputy Deput Clerk David W Moffat attorney for tor pet peti petitioner IN TH DISTRICT COURT PRO PRObate PIt bate dIvIsion In and for Salt Lake Nun eur ty state ot of Utah In the matter ot of ts estate John Page jr deceased No Notice tice rho petition ot of Lavinia S Page admI ot of the est estate te of John J deceased for confirmation of tIe the faI of the following described real estate j said decedent Commencing lJ rods reds east of the northwest corner O ot lu 6 5 block 25 plat A Salt Lake City SUI e evey vey Salt Lake county state of at rial Ia thence east 3 rods thence south 10 i 1 thence west rods thence north 10 ro 9 to for tor the sum of ani r rOpon tipon the following terms La Ca confirmation by this court as from the return ot of sale tiled rUed In this court has been set sat for lor hearing on FrIday the day of at January A D 1910 at t p mat m at the co county court house houseIn In the court room ream of said court In Salt Lake City Salt Lake county Utah Witness the clerk ot of said court With the seal thereof affixed t this is day or f January A D 1910 MARGARET ZANE WITCHER Seal Clerk ClerIc By L P Palmer Deputy Clerk Thurman Wedgwood Irvine attorneys noys f fOr r I Read Herald Republican 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