Show WHEN WHET TRAVELLING bu bo prepared for Cor any emer enter gency Take Talio along alongo SiH o 0 Us Its a penetrating antiseptic remedy for Toothache Neu Sprains Cuts Hums Insect lilies Ultes and I ii Rusty Nail Scratches I soc sea tin and nil jhoo 00 Dr tAt Earl Boiton Harlon M Mall Mus i TROUBLED WITH COUGH OR COLD COLDA A simple remedy in time will give relief If II Hyou you arc not feeling just right our clerks arc are always willing willingto to give you iho benefit of ol their experience For that cold we strongly recommend Syrup White Pine Pinc and Tar Tor or Quinine Laxative Tablets T ONLY Hot Drinks Brinks At u II moments Notice oUde at nt our DRUG STORE Th The Pure Pun Drug Dispensary South Main St I 1 W J r j a r YEAR t 4 if New York or Life Insurance nc Co o I y yS BROADWAY NEW YORK S it n To Ta the Policyholders Policy holders j i tF I submit below a condensed based on market values December 31 1907 showing the condition on that date 1 Perhaps in no other year of its history have conditions existed which enabled en bled the thet t Company to serve its policyholders so widely and so directly The following facts show in In a general way actual cash paid to beneficiaries loaned to and paid for policyholders f and invested for the security of contracts Paid to beneficiaries under policies which matured by death of insured Paid to holders of 2354 Endowment policies which matured during the year Paid to 2423 Annuitants Paid to owners of policies surrendered to Company r Paid premiums for policyholders out of surrendered ti t values I t Paid dividends in cash to policyholders Paid premiums for policyholders policyholder out of dividends g V Direct cash benefits to policyholders over Paid to policyholders in loans on the security of of their policies i at 5 and without fee or charge over Paid for investments to cover increase in legal reserve Total Direct Benefits Loans to and payments for policyholders and Increased Reserves over 1 As evidence of the efficiency with which your you I Trustees and anti the Officers of the thc Com Conn Company Compan t parry pan have discharged their duties I invite your attention to these additional facts 1106 mo 7 Rate of interest earned on 01 total mean investments in Bonds I I IRate Rate of interest on Bond investments of the year 4 02 f Rate of income actually realized on Real Estate owned a aRate J Rate of income actually realized on Real Estate I Dividends to be paid in 1908 The Company is sound in ill every part That it retains the confidence of its members and that its assets are arc of a high order is conclusively shown by the fact that its cash income during 1907 was over I a s It is efficiently serving directly one million people indirectly probably five millions I resident in every country of the civilized world It could with increased economy and mut mutual I i iteal ual teal advantage better serve directly two millions mill ions of people and indirectly ten millions 1 as As one of the forces in in society which h foster cultivate providence T prudence and a nd responsibility y it ought in common with all kindred movements to be al aJ allowed d lowed unlimited opportunity under tinder full publicity At the thc present time this Company is isby isby is i it t by the State limited in its efficiency limited in its usefulness and limited in the provisions l which it may make for the security of your contracts 1 In Iii 1905 the thc membership of this Company Compan was disturbed and alarmed by revelations ti I t d in life me insurance revelations which led directly to legislation by New r York I and by b I Iother other States It is impossible now to correct any of the misstatements misconceptions I and misunderstandings of that time it is too early to attempt to justify either men or com coin companies l panics Time lime will do that But you then asserted yourselves through the force of public II I l it opinion a l force against which no no man or any body back of men can stand for any length of tune tone Life insurance as a whole was purified I w i iThe The sections of the Armstrong laws which demand publicity compel economies economics t I insure insure care in investments invest and fad protect you against improper transactions with your youris t is funds have aroused a high sense of Trusteeship They Ibe have hac benefited not only life insurance il ilance ance but all corporate life and not a line of those hose t sections should be he repealed But there arc are other sections which arc dangerous and reactionary They have al already already I ready checked the growth and progress of life insurance insurance This is a national calamity I The Companies of New York State which for some sonic years prior to 1905 added about a year to the volume of outstanding insurance will probably record a large loss in iii 1907 In 1906 these Companies Com panics lost In other words the laws have gone too far Reform was necessary hut but reform din dis discredits credits and endangers its own achievements when it writes vicious and aid dangerous principles a into the statutes of the thc State 1 Against such legislation and against such results you Ott 01 ought now to assert ass rt yourselves r t J through public opinion as emphatically as you did against evils eils in management in 1905 Your personal interests demand it your sour duty as citizens who instinctively rebel against laws which open the thc door 1001 to paternalism and aril socialism also 1150 demand it Some of the laws which menace your interests and are arc the product of a false theory th ory of statesmanship are 1st Section 87 New York State Laws This limits the thc free surplus a com cons company company pany pan may hold The shrinkage in securities within twelve c months represents ts a wider fluctuation by nearly two to one than the margin the thc law intends the companies to have for tor contingencies The section is dangerous and should be he repealed 2nd Section 83 New York State Laws This has substantially put an end to the issue of insurance on impaired lives livesa a branch of the business which up to the enact enactment ment of these laws was as perhaps unsurpassed in real usefulness The Thc section should be he c amended Section 97 New York State Laws Under this law the State has r taken to manage the details of business introducing a vicious principle into legislation Seeking Se king to prevent extravagance the la law prevents growth The section should be amend amended ed cd Section 96 New York State Laws This law reverses the present struggle struggle gle against combinations in restraint of trade and directly restrains competition by arbitrarily limiting the output of life companies even wen when that output is legally issued and and is of unquestioned value to the lie State The section should be repealed Sections in the Laws of nearly every State tate in the United States imposing an income tax on life insurance alone and not on any other interest or business thus raid raiding raiding ing ill g trust funds hods penalizing prudence and thrift and unjustly discriminating against property i dedicated to a sacred use This company is IS not hot merely a it corporation something apart from you yon It is yours your property properly to defend and protect I IThe The menace to life insurance just now is not in management but in legislation The people have been vigilant and effective against the former the time has come COIne for i them there to exercise their rights and their authority against the indefensible aggregation of the latter A pamphlet giving full information about aholt the condition of the Company at the thelo close lo c of 1907 1901 will be forwarded on request to any policyholder or any other person inter interested ested in life insurance 4 1 Further information about existing laws which are arc restrictive and dangerous or about laws proposed from time lime to time in different rent legislatures threatening your interests t tm r rv will v m ill be gladly furnished and inquiries regarding such measures arc are solicited solicit eel New N w York Fork January 15 IS 1908 DARWIN P KINGSLEY President 1 1 r i Balance Sheet December 31 1907 4 1 l rum s i 2 5 I ft roller ro I 1 Iiii xiii us mi III irI ft I J 00 Oilier linnet i lamas I till lii null mill interest ij II I 1 ou I lIlIu oh hi I to 0 I I I Ines a unto rim Is IHO HIli s Idl i t Sula ul III hG RI HiHl l In III JUliN l tl ru on un 2 II h r I 1 i Ii I 1111 MI I I II i Ii for Dividend e t suit ami luc snit W l f for lor other oilier p is i I Jit I w wM wi i Ff C rC r i M I i 1 I p |