Salt Lake Tribune | 1902-01-01 | Page 66 | Makes Splendid Showing

1 MAKES SPLENDID SHOWING New York Life Insurance Company leader the Past YearN Year-N York Dec 31The closing day of I the year indicates great prosperity In every business direction The large mercantile houses the various banking Institutions and the trades generally are qulte > enthuslastlc with the records made The fire insurance business has not resulted in great profits for stockholders stock-holders owing to the poor rates obtained ob-tained but the regular or old line life Insurance companies on the other hand vili make a splendid showing for their policyholders The leader In business obtained and In force will undoubtedly be the New York Life as President McCall has Issued Is-sued ct statement that the new applications appli-cations to his company In 1901 will exceed ex-ceed J3SOOOOOOO or more than a million for every day In the year This is an unprecedented record The companys new paidfor business In 1901 excluding risks rejected etc Is 5260000000 The total paldfor Insurance in force is Sl 360000000 gain of 5160000000 over the previous year It Is estimated In banking circles that the dividend and Interest payments on Government State municipal l railroad and other corporation securities payable pay-able on January 1st will be 100000000 The new business offered ito the New York Life during 1901 Is nearly equal to these combined payments