Documents of the Assembly of the State of New York
None
 03 -M o • • m .2 3 4:> O a> Cm CO d c3 00 d e9 u 49 • ••••• • ••••• •d 0 •49 c5 0 T3 p 45 03 o a> ^ M C5-43 •49 Sh 03 d u •p >> M a <t> bc.2 h »- C f- 3 ft-r 3T3 o <rH 03 ■Tj'd <UT) T3 eS o 03 O 0 •49 Cm cS 93 to. •  Benefit Life Insurance Company [1912] BUSINESS IN THE STATE OF NEW YORK In force December 31, 1911. Issued during year. Totals. Ceased to be In force during year. In force December 31, 1912. Number 22,268 3,606 25,874 1,218 24,656 Amount $71,137,217 11,181,389 $82,318,606 4,305,376 $78,013,230 Losses and claims: Unpaid December 31, 1911. Incurred during year. 21 493 $34,635 1,232,683 Totals. Settled during year in cash. 514 495 $1,267,318 1,231,659 Unpaid December 31, 1912. 19 $35,659 Premiums collected, without deduction. $2,780,296 Special Deposit Schedule Showing Deposits or Investments Not Held for the Protection OF ALL THE Policyholders of the Company State Market value of deposit Liabilities in such State Virginia. $10,340 00 $261 00 $1,000,000.00 Company states that net value of policies in Virginia has not been specially computed but is many times greater than deposit. Gain and Loss Exhibit INSURANCE EXHIBIT Running Expenses Gross premiums received during the year. $22,719,673.93 Deduct gross uncollected and deferred premiums of the previous year. 2,303,751.42 Balance. $20,415,922.51 Add gross uncollected and deferred premiums December 31, 1912. 2,448,201.53 Total. $22,864,124.04 Deduct gross premiums paid in advance December 31, 1912. 74,456.01 Balance. $22,789,668.03 Add gross premiums paid in advance December 31 of previous year. 62,024.17 Gross premiums of the year. $22,851,692.20 Deduct net premiums on the same. 18,531,014.08 Loading on gross premiums of the year (averaging 18.91 percent, of the gross premiums). Insurance expenses paid during the year. $3,705,770.54 Deduct insurance expenses unpaid December 31 of previous year (including $460,750.28, loading on uncollected and deferred premiums). 1,220,464.92 Gain in surplus Loss $1,320,678.13 Balance $2,485,305.62 1912 Mutual Benefit Life Insurance Company Add in insurance expenses unpaid on December 31, 1912 (including surplus $489,640.31, loading on uncollected and deferred premiums) $1,224,227.17 Insurance expenses incurred during the year. $3,709,532.79 Gain from loading. $611,145.33 Loss in surplus Interest, dividends and rents received during the year. $7,092,316.30 Deduct interest and rents due and accrued December 31 of previous year. 2,989,620.24 Balance. $4,102,696.06 Add interest and rents due and accrued December 31, 1912. 3,190,663.98 Total... $7,293. Deduct interest and rents paid in advance December 31, 1912 $732,577.25 Balance $7,292,577.25 Add interest and rents paid in advance December 31 of previous year. $1,724.05 Interest earned during the year. $7,294,301.30 Investment expenses paid during the year. $323,786.42 Investment expenses incurred during the year. $323,786.42 Interest required to maintain reserve. Gain from interest. Expected mortality on net amount at risk. Death losses paid during the year. $7, Deduct death losses unpaid December 31 of previous year. 323,786 42 $6,970,514 88 4,677,778 56 2,292,736 Mortality $6,379,375 00 ,688 60 ,873 62 Balance . $6,805,814 98 Add death losses unpaid Decem¬ ber 31, 1912 . 573,83563 Death losses incurred during the year including the commuted value of instalment death losses . . . $7 , 379 , 650 61 Deduct terminal reserves re¬ leased by death of insured. . . 2,968,463 00 Actual mortality on net amoimt at risk. 4,411,187 61 Gain from mortality 1,968,187 39 Annuities Expected disbursements to an¬ nuitants . $157,642 29 Deduct reserve expected to be released by death . 71,200 00 Net expected disbursements to annmtants . $86,442 29 Actual annuity claims incurred. $167,385 09 Deduct reserves released by death of annuitants . 44,714 00 Net actual annuity claims in¬ curred. 122,671 09 Loss from annuities $36,228 80 520 Mutual Benefit Life Insurance Company [1912 Surrenders, Lapses and Changes Gain in surplus Terminal reserves on policies and additions surrendered for cash value during the year. . . .$2,728,449 09 Deduct amount paid on the same . 2 , 655 , 222 25 Gain during the year on said pol¬ icies surrendered for cash. . . . $73,226 84 Terminal reserves on policies on account of which extended in¬ surance was granted during the year . $1,088,392 00 Deduct indebtedness and initial reserves on said extended in¬ surance . 997,462 16 Gain during the year on ex¬ tended insurance . 90,929 84 Terminal reserves on policies ex¬ changed during the year for paid-up insurance . $57,687 00 Deduct indebtedness and initial reserves on said paid-up in¬ surance . 56,259 84 Gain during the year on said paid-up insurance. Gain from changes and restora¬ tions made during the year. .. Gain during the year from re¬ serves released on lapsed pol¬ icies on which no cash value, paid-up or extended insurance was allowed. Total gain during the year from surrendered and lapsed policies. . .. 1,427 16 180 88 18,394 43 $184,159 1J< Loss in surplus Dividends Dividends paid policyholders in cash . $385,514 42 Dividends applied to pay renewal premiums or to shorten endowment terms . 2,765,112 93 Dividends applied to purchase paid-up additions and annuities . . . 517,250 13 Increase in unpaid, deferred, apportioned and provisio ally ascertained dividends . 1 , 233 , 323 17 Total . $4,901,200 65 Decrease in surplus on dividend account *4,901,200 vi5 Special Funds Special funds and special reserves December 31, 1911 . $7, 195,. 384 99 Special funds and special reserves December 31, 1912 . 7,196,965 60 Increase in special funds and special reserves during the year . 1,580 61 INVESTMENT EXHIBIT Real Estate Gains: Profit on sales . 18,17.3 .54 XjOSSOS * Loss on sales . $1,969 28 Decrease in book value . 37,818 75 Total loss carried in . 39,788 03 Stocks and Bondi Gains: Profits on sales or maturity . $1,800 00 Increase in book value, other than for accruals. 28 , 090 62 From change in difference between book and market value during the year . 31,963 88 Total gain carried in 51,8.54 50 1912j Mutual BENEi^iT Life Ij^sueance Company 521 losses: Decrease in book value, other than for amor¬ tization .. Gain on other investments, viz.: Doubtful debt recovered. $800.00 Exchange of coupon bonds for registered bonds of same issue. $350.00 Loss from assets not admitted Gain in Loss in surplus surplus $132,837.50 $1,150.00 14,038.39 Agents’ balances charged off Miscellaneous 11,732.25 Totals $5,137,406.23 General Interrogatories Regarding Gain and Loss Exhibit Q. Does the company value on the full level premium reserve system, the preliminary term, the modified preliminary term or the select and ultimate basis? A. Full level premium reserve only. Q. Has the company ever issued both non-participating and participating policies? A. Participating only. Q. Give the amounts of insurance in force under each of these plans, stating separately amounts of annual dividend business and deferred dividend business respectively. A. Participating, $608,798,179; non-participating, $20,702,968, including issues in exchange. For lapsed and surrendered policies. Q. Has the company any assessment or stipulated premium insurance in force? A. No. Gains (deducting losses) of the company for the year of statement attributable to policies written after December 31, 1906, $1,480,353.81. Q. What is the excess, if any, of the company’s policy reserve, as reported in this statement, over such reserve, computed on the basis of the legal minimum standard provided by section 84 of the New York Insurance Law? A. $2,714,986. Schedule Showing Premiums, Margins and Expenses for the First Year of Insurance (See New York Insurance Law, Section 97) Total first year’s premiums. $2,794,147. Margins on business issued and paid for in 1912 and in force December 31, 1912: Loadings on first year’s premiums actually collected in 1912 on business in force December 31, 1912. $639,512.37 Deduct loadings on instalments of first year’s premiums deferred or due-and-unreported December 31, 1911. $60,761.56 Balance. $578,750.81 Add loadings on instalments of first year's premiums deferred or due-and-unreported December 31, 1912. $66,339.39 Total loadings. $645,090.20 Mortality gains (by “Select and Ultimate” method) on policies issued and paid for in 1912 on business in force December 31, 1912. $928,615.00 Total margins on business issued and paid for in 1912. $1,573,705.20 Margins on paid-for business issued and terminated in 1912: In gross premiums received, $19,921.26 (including $5,346.12 loading) less the net cost of insurance at select rates for time the policy was in force. 16,926.00 Total margins, $1,590,631.20 Mutual Benefit Life Insurance Company [1912 Commissions on first year’s premiums actually disbursed in 1912. $1,165,468.16 Deduct commissions reported as to be paid on instalments of first year’s premiums deferred or due-and-unreported December 31, 1911. 98,045.49 Balance, $1,067,422.67 Add commissions to be paid on instalments of first year’s premiums deferred or due-and-unreported December 31, 1912. 104,221.92 Total first year’s commissions, $1,171,644.59 Compensation not paid by commission for services in obtaining new insurance (exclusive of salaries paid in good faith for agency supervision). 580.19 Medical examinations and inspections of proposed risks: Actual disbursements on this account in 1912. $163,535.91 Deduct amounts reported as incurred but unpaid on this account December 31, 1911. $33,496.00 Balance. $130,039.91 Add amounts incurred but unpaid on this account December 31, 1912. $39,901.00 Total medical and inspection fees. $169,940.91 Total expenses chargeable to the procurement of new business as specified in section 97, New York Insurance Law. $1,342,265.69 Excess of margins over expenses. $248,365.51 Premiums, Margins and Expenses for the Company’s Total Business Total premiums of the year. $22,851,692.20 standards adopted by the company under section 84 on premiums of the year. $4,320,678.12 Mortality gains as per Part I of this schedule. $26,285 40 107,758 63 99,093 06 69,247 10 59,716 04 3,000 00 2,392,068 54 Kansas. Minnesota. Missouri. Nebraska. New Jersey. Total. $2,757,168 77 1912] Mutual Benefit Life Insurance Company Schedule of Mortgages Owned, Classified by States Amount of principal impaid State Amount of principal unpaid Colorado. $226,900 00 9,000 00 1,579,600 00 776,400 00 10,720,650 00 5,972,000 00 18,095,200 00 7,654,353 15 312,000 00 252,000 00 1,867,371 43 9,001,200 00 25,000 00 Nebraska. $10,153,800 00 4,974,820 00 73,000 00 200,800 00 50,000 00 1,098,300 00 232,050 00 397,000 00 1,763,900 00 466,100 00 Connecticut. New Jersey. District of Columbia. New York. Georgia. North Carolina. Illinois. North Dakota. Indiana. Ohio. Iowa. Oklahoma. Kansas. South Carolina. Kentucky. South Dakota. Michigan. Tennessee. Minnesota. Total. $75,901,444 58 Missouri. Montana. Schedule of Collateral Loans Part 1 — Showing all Loans in Force December 31, 1912 500 Rapid Transit Street Ry Newark N J... 500 Nat Newark Banking Co Newark N J... 150 Atchison Topeka and Santa Fe Ry com. 100 Great Northern Ry pref. 100 Norfolk and Western Ry com. 200 Northern Pacific Ry. 300 Pennsylvania R R. 300 Southern Pacific Co com. St Louis Iron Mountain and Southern Ry 1931 5s...... Laclede Gas Light Co of St Louis 1919 5s. 100 Atchison Topeka and Santa Fe Ry com. 166 Central R R of New Jersey. 100 Morris and Essex R R. 200 Consolidated Gas Co. Central of Georgia Ry 1945 5s. Erie R R 1996 4s. Southern Pacific Co 1929 43. Wabash R R 1939 53. 100 Essex County National Bank Newark N J. 225 Merchants Nat Bank Newark N J. 200 Essex County National Bank Newark N J. 350 National State Bank Newark N J. 90 Atchison Topeka and Santa Fe Ry com. 200 Atchison Topeka and Santa Fe Ry pref. 100 Chicago Milwaukee and St Paul Ry pref. 100 Great Northern Ry pref. 200 Northern Pacific Ry. 100 Southern Pacific Co com. 100 Union Pacific R R com. 300 Atchison Topeka and Santa Fe Ry com. 150 Delaware and Hudson Co. 30 Great Northern Ry pref. 200 Northern Pacific Ry. 200 Southern Pacific Co com. 100 Union Pacific R R com. Chicago R I and Pacific R R 2002 4s.... 100 Lehigh Valley R R. 100 Norfolk and Western Ry com. 200 Reading Co com. 400 Consolidated Gas Co of New York. Manhattan Ry Co of N Y 1990 43. New York city 1954 3^s. 60 Atchison Topeka and Santa Fe Ry com. 20 Southern Pacific Co com. 700 Union Pacific R R com. Central R R of New Jersey 1987 53. Rate Market Amount In Par value used value loaned terest $50,000 240 $120,000 $100,000 5 25,000 385 96,250 50,000 5 15,000 105 15,750 10,000 130 13,000 10,000 112 11,200 20,000 121 24,200 15,000 121 18,150 100,000 6 30,000 106 31,800 5,000 104 5,200 6,000 100 6,000 10,000 105 10,500 16,600 360 59,760 5,000 175 8,750 20,000 10,000 139 107 27,800 10,700 100,000 6 5,000 75 3,750 13,000 92 11,960 5,000 105 5,250 5,000 300 15,000 50,000 5 22,500 260 58,500 10,000 300 30,000 50,000 5 17,500 230 40,250 9,000 105 9,450 20,000 102 20,400 20,000 140 28,000 10,000 130 13,000 100,000 6 20,000 112 22,400 5,000 121 6,050 10,000 106 10,600 10,000 160 16,000 30,000 105 31,500 15,000 166 24,900 3,000 130 3,900 20,000 121 24,200 100,000 6 20,000 106 21,200 10,000 160 16,000 10,000 65 6,500 5,000 167 8,350 10,000 112 11,200 10,000 40,000 167 139 16,700 55,600 100,000 6 20,000 93 18,600 25,000 83 20,750, 6,000 105 6,300 2,000 70,000 106 160 2,120 112,000 100,000 6 5,000 118 5,900. 524 Mutual Benefit Life Insurance Company [1912 Part 1 — Showing all Loans in Force December 31, 1912 — Concluded 600 Atchison Topeka and Santa Fe 600 Brooklyn Rapid Transit Co. 100 Chesapeake and Ohio Ry. 300 Louisville and Nashville R R. 1,000 Reading Co com. 150 Western Union Telegraph Co. 300 Atchison Topeka and Santa Fe Ry com. 100 Atlantic Coast Line R R. 100 Great Northern Ry pref. 100 Manhattan Ry of New York. 200 Northern Pacific Ry. 200 Union Pacific R R com. 160 Chicago and Northwestern Ry com. 60 Great Northern Ry pref. Chicago Milwaukee and St Paul Ry 1989 43. Chicago R I and Pacific R R 1917 6s. Delaware and Hudson Canal Co 1917 78. West Shore R R 2361 4s. 520 Baltimore and Ohio R R com. 100 Great Northern Ry pref. 200 Missouri Kansas and Texas Ry pref. 400 Southern Pacific Co com. 500 Great Northern Ry pref. 300 Union Pacific R R com. Southern Pacific Co 1929 4s. 700 Great Northern Ry pref. 300 Northern Pacific Ry. Atchison Top and Santa Fe Ry 1995 43.. 700 Great Northern Ry pref. 300 Northern Pacific Ry. Atchison Top and Santa Fe Ry 1995 43.. 400 Great Northern Ry pref. 400 Southern Pacific Co com. Atchison Top and Santa Fe Ry 1995 43.. 400 Great Northern Ry pref. 400 Southern Pacific Co com. Atchison Top and Santa Fe Ry 1995 4s.. Chicago Milwaukee and St Paul Ry 1932 4s. 100 Atlantic Coast Line R R. 25 Baltimore and Ohio R R com. 200 Lehigh Valley R R 100 Northern Pacific Ry. 200 Pitts Cin Chicago and St L Ry com.... 200 Union Pacific R R 200 Consolidated Gas Co of New York. 500 Great Northern Ry pref. 500 Northern Pacific Ry. Southern Pacific Co 1929 43. 100 Atlantic Coast Line R R 200 Lehigh Valley R R 100 NYC and Hudson River R R. 250 Northern Pacific Ry. 600 Twin City R T Co of Minn com. Totals. Rate Market Amount In- Par value used value loaned terest $.50,000 105 $52,500 60,000 92 55,200 10,000 30,000 79 141 7,900 42,300 $200,000 41 50,000 167 83,500 15,000 74 11,100 30,000 105 31,500 10,000 131 13,100 10,000 130 129 13,000 12,900 100,000 6 20,000 121 24,200 20,000 160 32,000 16,000 136 21,760 5,000 130 6,500 10,000 98 9,800 50,000 6 10,000 106 10,600 2,000 110 2,200 10,000 98 9,800 52,000 104 54,080 10,000 20,000 130 61 13,000 12,200 100,000 6 40,000 106 42,400 50,000 130 65,000 30,000 160 48,000 100,000 5| 15,000 92 13,800 70,000 130 91,000 30,000 121 36,300 100,000 5,000 97 4,850 70,000 130 91,000 30,000 121 36,300 100,000 5,000 97 4,850, 40,000 130 52,000 40,000 106 42,400 10,000 97 9,700 100,000 20,000 105 21,000 10,000 131 13,100 2,500 104 2,600 10,000 167 16,700 10,000 121 12,100 100,000 20,000 105 21,000 20,000 160 32,000 20,000 139 27,800 50,000 130 65,000 50,000 121 60,500 100,000 51 5,000 92 4,600 10,000 131 13,100 10,000 167 16,700 10,000 108 10,800 100,000 6 25,000 121 30,250 50,000 105 52,500 938,100 $2,591,880 $2,000,000 Part 2 — Showing all Loans Made During 1912 Market value at date of loan Amount loaned thereon Date of loan Maturity of loan Rate of interest on loan Name of Actual Borrower $128,400 $100,000 Jan. 22 Feb. 21, 1912 2| Clark, Dodge & Co. 124,475 100,000 Jan. 22 Call. 21 W. H. Goadby & Co. 124,600 100,000 Jan. 25 Feb. 24, 1912 2| W. H. Goadby & Co. 126,800 100,000 Feb. 19 Call. 21 Clark, Dodge & Co. 131,450 100,000 Feb. 20 Call. 21 Clark, Dodge & Co. 123,800 100,000 Feb. 20 Call. 21 W. H. Goadby & Co. 126,800 100,000 Feb. 21 21 Clark, Dodge & Co. 124,900 100,000 Feb. 26 Call. 21 W. H. Goadby & Co. 525 1912] Mutual Benefit Life Insurance Company Part 2 — Showing all Loans Made During 1912 — {Concluded) Market value at date of loan Amount loaned thereon Date of loan Maturity of loan Rate of interest on loan Name of Actual Borrower $124,750 $100,000 Feb. 27 Call. 2} Clark, Dodge & Co. 245,000 200,000 Mar. 19 Call. 21 Clark, Dodge & Co. 245,000 200,000 Mar. 19 Call. 21 May 21, 1912 3i Clark, Dodge & Co. 135,450 100,000 Mar. 22 May 22, 1912 3i Clark, Dodge & Co. 131,950 100,000 Mar. 22 May 31, 1912 3i Clark, Dodge & Co. 131,950 100,000 Mar. 22 June 22, 1912 3i Clark, Dodge & Co. 124,200 100,000 April 2 Call. 2 Jesup & Lamont. 124,800 100,000 April 2 Call. 2 Cyrus J. Lawrence & Sons. 132,350 100,000 April 4 July 10, 1912 3 Clark, Dodge & Co. 132,800 100,000 April 4 July 24, 1912 3 Clark, Dodge & Co. 135,350 100,000 May 22 Call. 2 Clark, Dodge & Co. 131,350 100,000 May 31 Call. 2 Clark, Dodge & Co. 122,400 100,000 June 7 Call. 2 Harriman & Co. 129,800 100,000 June 21 Sept. 21, 1912 3 Clark, Dodge & Co. 131,850 100,000 June 24 Sept. 24, 1912 3 Clark, Dodge & Co. 121,200 100,000 July 2 Call. 2 W. H. Goadby & Co. 246,000 200,000 July 2 Call. 2 Jesup & Lamont. 131,800 100,000 July 3 Oct. 15, 1912 35 Clark, Dodge & Co. 125,600 100,000 July 10 Dec. 10, 1912 4 Clark, Dodge & Co. 121,400 100,000 July 18 Dec. 20, 1912 4 W. H. Goadby & Co. 127,100 100,000 July 18 Nov. 20, 1912 4 Moore & Schley. 120,900 100,000 July 22 Dec. 20, 1912 4 W. H. Goadby & Co. 129,700 100,000 July 24 Nov. 24, 1912 4 Clark, Dodge & Co. 122,000 100,000 Aug. 20 Call. 2 W. H. Goadby & Co. 121,100 100,000 Aug. 20 Call. 2 Harriman & Co. 255,500 200,000 Aug. 27 Jan. 15, 1913 4 Moore & Schley. 122,600 100,000 Sept. 9 Jan. 22, 1913 5 Cyrus J. Lawrence & Sons. 61, 620 50,000 Sept. 16 Call. 5 White & Blackwell. 122,900 100,000 Sept. 17 Call. 5 W. H. Goadby & Co. 124,800 100,000 Sept. 19 Call. 5 Clark, Dodge & Co. 122,100 100,000 Sept. 20 Call. 4 Clark, Dodge & Co. 135,100 100,000 Sept. 23 Jan. 23, 1913 55 Clark, Dodge & Co. 136 $850,000 $100,000 Sept. 24 Feb. 24, 1913 55 Clark, Dodge & Co. 136,800 100,000 Oct. 15 Feb. 15, 1913 55 Clark, Dodge & Co. 125,800 100,000 Oct. 22 Call. 5 Clark, Dodge & Co. 122,800 100,000 Oct. 22 Call. 5 W. H. Goadby & Co. 125,200 100,000 Oct. 24 Feb. 10, 1913 55 Clark, Dodge & Co. 127,500 100,000 Nov. 20 Mar. 20, 1913 55 Clark, Dodge & Co. 128,000 100,000 Dec. 6 Call. 6 Jesup & Lamont. 122,600 100,000 Dec. 20 Call. 41 W. H. Goadby & Co. §6,544,745 $5,150,000 Part 3 — Showing all Loans Discharged in Whole or in Part During 1912 Market value when  Name of Actual Borrower $2.55,150 $200,000 July 1, 1911 1912 Jan. 11 25 Jesup & Lamont. 128,400 100,000 Dec. 11, 1911 Jan. 22 4 Clark, Dodge & Co. 124,475 100,000 Dec. 22, 1911 Jan. 22 4 W. H. Goadby & Co. 124,600 100,000 Dec. 26, 1911 Jan. 25 4 W. H. Goadby & Co. 123,850 100,000 Jan. 22, 1912 Feb. 15 2 W. H. Goadby & Co. 126,800 100,000 Nov. 17, 1911 Feb. 17 35 Clark, Dodge & Co. 131,450 100,000 Nov. 20, 1911 Feb. 20 35 Clark, Dodge & Co. 126,800 100,000 Jan. 22, 1912 Feb. 21 2 Clark, Dodge & Co. 124,900 100,000 Jan. 25, 1912 Feb. 26 2 W. H. Goadby & Co. 124,750 100,000 Nov. 27, 1911 Feb. 27 35 Clark, Dodge & Co. 130,400 100,000 Dec. 21, 1911 Mar. 21 4 Clark, Dodge & Co. 131,950 100,000 Dec. 22, 1911 Mar. 22 4 Clark, Dodge & Co. 131,950 100,000 Dec. 22, 1911 Mar. 22 4 Clark, Dodge & Co. 131,950 100,000 Dec. 22, 1911 Mar. 22 4 Clark, Dodge & Co. 131,950 100,000 Dec. 22, 1911 Mar. 22 4 Clark, Dodge & Co. 131,950 100,000 Dec. 22, 1911 Mar. 22 4 Clark, Dodge & Co. 131,950 100,000 Dec. 22, 1911 Mar. 22 4 Clark, Dodge & Co. 131,950 100,000 Dec. 22, 1911 Mar. 22 4 Clark, Dodge & Co. 131,950 100,000 Dec. 22, 1911 Mar. 22 4 Clark, Dodge & Co. 131,950 100,000 Dec. 22, 1911 Mar. 22 4 Clark, Dodge & Co. 131,950 100,000 Co. 135,450 100,000 Feb. 20, 1912 Mar. 22 25 Clark, Dodge & Co. 131,950 100,000 Feb. 21, 1912 Mar. 22 25 Clark, Dodge & Co. 526 Mutual Benefit Life Insurance Company [1912 Part 3 — Showing all Loans Discharged in Whole or in Part During 1912 — {Concluded) Market value when repaid Amount of loan repaid Date of loan Date of repayment Rate of interest on loan Name of Actual Borrower $132,350 $100,000 Feb. 19, 1912 April 4 Clark, Dodge & Co. 132,800 100,000 Feb. 27, 1912 April 4 Clark, Dodge & Co. 244,000 200,000 Mar. 19, 1912 May 3 Jesup & Lamont. 128,100 100,000 Nov. 20, 1911 May 3 W. H. Goadby & Co. 125,500 100,000 Nov. 20, 1911 May 3 2! Jesup & Lamont. 128,300 100,000 Feb. 20, 1912 May 7 2f W. H. Goadby & Co. 124,500 100,000 April 2, 1912 May 7 Cyrus J. Lawrence & Sons. 135,350 100,000 Mar. 22, 1912 May 22 3i Clark, Dodge & Co. 135,350 100,000 May 22, 1912 May 27 2f Clark, Dodge & Co. 131,350 100,000 Mar. 22, 1912 May 31 Clark, Dodge & Co. 253,900 200,000 Mar. 21, 1911 June 7 2! Harriman & Co. 126,150 100,000 Aug. 21, 1911 June 7 2f Jesup & Lamont. 129,600 100,000 Mar. 21, 1912 June 7 2f Clark, Dodge & Co. 131,850 100,000 Mar. 22, 1912 June 21 3i Clark, Dodge & Co. 131,850 100,000 Mar. 22, 1912 June 24 3| Clark, Dodge & Co. 131,800 100,000 Mar. 22, 1912 June 24 3| Clark, Dodge & Co. 125,600 100,000 May 31, 1912 July 3 2| Clark, Dodge & Co. 125,600 100,000 April 4, 1912 July 24 3f Clark, Dodge & Co. 122,600 100,000 July 2, 1912 Sept. 9 3i W. H. Goadby & Co. 135,100 100,000 June 21, 1912 Sept. 23 3i Clark, Dodge & Co. 136,850 100,000 June 24, 1912 Sept. 24 3i Clark, Dodge & Co. 127,400 100,000 Sept. 19, 1912 Oct. 8 5 Clark, Dodge & Co. 123,800 100,000 Sept. 17, 1912 Oct. 9 5 W. H. Goadby & Co. 136,800 100,000 July 3, 1912 Oct. 15 3^ Clark, Dodge & Co. 125,200 100,000 Oct. 22, 1912 Oct. 24 5 Clark, Dodge & Co. 121,800 100,000 Oct. 22, 1912 Oct. 30 5^ W. H. Goadby & Co. 126,700 100,000 Aug. 20, 1912 Nov. 6 W. H. Goadby & Co. 122,550 100,000 April 2, 1912 Nov. 8 6 Jesup & Lamont. 127,500 100,000 July 18, 1912 Nov. 20 Moore & Schley. 132,150 100,000 July 24, 1912 Nov. 25 Clark, Dodge & Co. 123,400 100,000 Aug. 20, 1912 Dec. 3 6 Harriman & Co. 239,200 200,000 July 2, 1912 Dec. 6 6 Jesup & Lamont. 128,850 100,000 July 10, 1912 Dec. Clark, Dodge & Co. 128,000 100,000 Dec. 6, 1912 Dec. 17 4f Jesup & Lamont. 120,400 100,000 July 18, 1912 Dec. 20 4f W. H. Goadby & Co. 122,600 100,000 July 22, 1912 Dec. 20 4f W. H. Goadby & Co. $6,897,825 $5,400,000 Schedule of Bonds Owned Market Amortized Book value Par value value United States (Dist of Col) 1924 3,653. Alamance co N C 1959 5s. Atlanta Georgia school 1922 4½. Atlanta Georgia sewer 1922 45s. Atlanta Georgia water 1922 45s. Bayonne New Jersey park 1917 43. Bayonne New Jersey funding 1928 53. Bergen co N J county bldg 1922  N J county bldg 1927 453. Bergen co N J county bldg 1933 453. Birmingham Alabama 1941 5s. Cumberland co N C bridge 1929 5s. Davidson co Tenn bridge 1939 453. Dillon CO S C high imp 1942 5s. Duval CO Fla pvd macad & hd sur rd 1 939 53 East Orange N J town hall 1913-1915 43. East Orange NJ 1913 53. Elizabeth N J adj 1922 4s. Elizabeth N J school 1958 4s. Elizabeth N J school 1958 4s. Elizabeth City Virginia jail 1928 5s. Essex CO N J armory 43. Essex CO N J armory 43. Essex CO N J park 1943 43. $100,000 $106,000 $106,000 $100,000 $100,000 $110,000 $113,537 20,000 20,000 20,500 20,521 45,000 45,000 45,900 46,173 30,000 30,000 30,600 30,782 12,500 12,500 12,500 12,500 100,000 100,000 108,000  rd and br 1959 453. Nashville Tenn sub st 1935 4 Is. Newark N J antic of assessments 1913 4|s. Newark N J water 1922 43. Newark N J water 1922 43. Norfolk Virginia water 1928 43. Norfolk Virginia water 1928 43. North Carolina per imps 1913 4 Is. North Carolina 1950 43. Perth Amboy N J sewer 1918 4|3. Perth Amboy N J sewer 1918 4|3. Pittsburgh Penns funded judg debt 1926 is. Rahway N J adjust 1922 43. Sedalia Missouri rfdg 1927 4 Is. Sedalia Mi.ssouri rfdg 1927 4|3. Shelby co Tenn normal school 1935 4|3. . .. Trenton N J school 1914 43. West Hoboken N J fund 1938 4|s. Akron & Barb Bt R R 1st mtg 1942 43. . .. Alabama Midland Ry 1st mtg 1928 53. Allegheny Valley Ry gen mtg 1942 43. Allegheny Valley Ry gen mtg 1942 43. Allegheny Valley Ry gen mtg 1942 43. American Dock & Imp Co Ist mtg 1921 53 .. American Dock & Imp Co 1st mtg 1921 5s .. American Dock & Imp Co 1st mtg 1921 53.. American Dock & Imp Co 1st mtg 1921 53 .. American Dock & Imp Co 1st mtg 1921 53 .. American Dock & Imp Co Ist mtg 1921 Ss.. American Dock & Imp Co 1st mtg 1921 53.. American Dock & Imp Co Ist mtg 1921 53 .. American Dock & Imp Co 1st mtg 1921 os .. American Dock -k Imp Co Ist mtg 1921 53 . . , Atch Top & S Fe Ry gen mtg 1995 4s . \ Atch Top & S Fe Ry gen mtg 1995 4s . f Atch Top & S Fe Ry (Cal-Ariz Ls) 1962 4 Is. Atch Top & S Fe Ry (East Okla div) 1928 43 Atch Top & S Fe Ry (Trans S L) 1958 is. . .. Atch Top & S Fe Ry (Trans S L) 1958 43. . .. Atch Top & S Fe Ry (Trans S L) 1958 43. . .. Atl Knox & N Ry 1st con mtg 2002 43 .. Atl Coast Line R R 1st con mtg 1952 43 .... Atl Coast Line R R 1st con mtg 1952 43 .... Atl Coast Line R R 1st con mtg 1952 Is. . .. Atl Coast Line R R 1st con mtg 1952 4s. . .. Baltimore & O R R 1st mtg 1948 48. Baltimore & O R R 1st mtg 1948 4s. Baltimore & O R R l.st mtg 1948 43. Baltimore & O R R prior lien 1925 3|3. . .. Baltimore & O R R prior lien 1925 313. . .. Balt & O R R (Southw Div) 1925 3|3. Balt & O R R (Southw Div) 1925 3 Is. Balt & O R R (Southw Div) 1925 3|3. Balt & O R R (Southw Div) 1925 3 Is. Balt & O R R (Southw Div) 1925 3|3. Balt «fe O R R (Southw Div) 1952 3|3. Balt & O R R (Southw Div) 1925 3js. Balt & O R R (Southw Div) 1925 3|3. Balt & O R R (Southw Div) 1925 3 Is. Balt & O R R (Southw Div) 1925 Sis. .... Balt & O R R (Southw Div) 1925 3 Is. Beech Creek R R Ist mtg 1936 4s. Belvidere-Delaware R R con mtg 1925 4s.. Belvidere-Delawaro R R con mtg 1927 43 .. Bergen Coynty R R l?t mtg 1921 53. Market Amortized Book value Par value value $300,000 $300,000 $294,000 $307,518 50,000 50,000 50,000 51,730 50,000 50,000 51,731 30,000 30,000 30,900 31,610 14,000 14,000 13,720 14,000 22,000 22,000 21,120 22,000  955 150,000 150,000 150,000 150,000 200,000 200,000 202,000 200,000 200,000 19,000 19,380 19,677 49,000 49,000 49,490 49,285 100,000 100,000 98,000 101,042 49,401 49,401 45,943 49,401 50,000 49,000 49,000 1,000 50,000 49,000 51,500 51,630 18,000 18,000 18,022 50,000 50,000 52,000 52,248 250,000 250,000 232,500 251,295 50,000 50,000 53,500 56,137 50,000 53,877 175,000 50,000 171,500 53,877 85,000 350,000 200,000 75,000 5,000 5,000 5,000 8,000 27,000 10,000 5,000 15,000 3 2,000 250,000 100,000 200,000 250,000 250,000 89,250 339 200,000 237,500 400,000 250,000 100,000 364,000 50,000 50,000 46,000 50,000 280,000 100,000 100,000 30,000 100,000 266,000 300,000 50,000 150,000 291,000 1 250,000 100,000 150,000 100,000 230,000 50,000 5,000 300,000 20,000 13,000 25,000 24,000 5,000 5,000 3,000 .50,000 273,000 50,000 .50,000 49,-500 500,000 500,000 490,000 2.50,000 250,000 245,000 100,000 100,000 102,000 80,958 5,394 5,350 5,365 8,530 28,889 10,545 5,265 15,578 3,109 2,073 251,208 95,834 202,794 237,688 237,500 95,566 46,750 48,744 98 ,900 101,595 28,575 98,375 49,187 147,199 97,231 142,821 93,710 45,799 4,662 18,686 12,146 23,358 22,268 4,639 4,639 2,784 47,182 52,583 494,611 251,072 104,254 Mutual Benefit Life Insurance Company [1912 Book value Par value Blockcker St & Fulton Ferry R R New York 1st mtg 1950 4b. Broadway Sur R R N Y 1st mtg 1924 53. .. Burl Cedar Rap & N Ry con mtg 1934 5s. Burl Cedar Rap & N Ry con mtg 1934 53.. Burl Cedar Rap & N Ry con mtg 1934 53 .. Burl Cedar Rap «fe N Ry con mtg 1934 53.. Burl Cedar Rap & N Ry con mtg 1934 5s .. Burl Cedar Rap & N Ry con mtg 1934 5s .. Burl Cedar Rap & N Ry con mtg 1934 5s .. Burl Cedar Rap & N Ry con mtg 1934 5s .. Burl Cedar Rap & N Ry con mtg 1934 5s .. Burl Cedar Rap & N Ry con mtg 1934 5s.. Canada So. Ry 1st & ref mtg 1962 5s. Canada Southern Ry 2d mtg 1913 5s. Canada Southern Ry 2d mtg 1913 53. Canada Southern Ry 2d mtg 1913 53. Canada Southern Ry 2d mtg 1913 53 . • Canada Southern Ry 2d mtg 1913 5s. Canada Southern Ry 2d mtg 1913 5s. Canada Southern Ry 2d mtg 1913 53. Central of Georgia Ry con mtg 1945 Ss. . .. Central of Georgia Ry con mtg 1945 5s. . .. Centr.al Ohio R R con 1st mtg 1930 45s. .. Central Ohio R R con 1st mtg 1930 4 13 . .. Central Pac Ry 1st rfdg mtg 1949 43. Central Pac Ry 1st rfdg n.tg 1949 4s. Central Pac Ry 1st rfdg mtg 1949 4s. Central Pac Ry 1st rfdg mtg 1949 4s. Central Pac Ry 1st rfdg mtg 1949 43. Central Pac Ry 1st rfdg mtg 1949 4s .. Central Pac Ry 1st rfdg mtg 1949 4s. Central R R of N J gen mtg 1987 53. Central R R of N J gen mtg 1987 53. Central R R of N J gen mtg 1987 Ss. Central R R of N J gen mtg 1987 53. Central R R of N J gen mtg 1987 53. Central R R of N J gen mtg 1987 5s. Chesapeake O Ry 1st con mtg 1939 5s.. Chesapeake & O Ry 1st con mtg 1939 5s.. Chesapeake & O Ry 1st con mtg 1939 53. , Chesapeake & O Ry 1st con mtg 1939 53.. Chesapeake & O Ry 1st con mtg 1939 Ss. Chesapeake & O Ry 1st con mtg 1939 53. Chesapeake & O Ry 1st con mtg 1939 5s. Chesapeake & O Ry 1st con mtg 1939 5s. , Chesapeake & O Ry 1st con mtg 1939 53. Chesapeake & O Ry 1st can mtg 1939 5s. $10,000 5.000 400,000 400,000 116, 000 { 100,000 100,000 470,000 315,000 135,000 650,000 Chic B & Q R R gen mtg 1958 4s. ' 100,0001 Chic B & Q R R gen mtg 1958 43. 100,000 Chic B & Q R R gen mtg 1958 43. 100,000 Chic B & Q R R gen mtg 1958 4s. 50,000 Chic B & Q R R gen mtg 1958 43. 50,000 Chic B & Q R R gen mtg 1958 43. ■ 1,000,000' 50,000 • (.’hie B & Q R R gen mtg 1958 43. 261,000 Chic B & Q R R gen mtg 1958 4s. 89,000 Chic B & Q R R gen mtg 1958 43. 100,000 Chic B & Q R R gen mtg 19.58 43. 100,000 Chic B & Q R R (Ill Div) 1949 43. 50,000 1 Chic B & Q R R (Ill Div) 1949 43. 150,000 Chic B & Q R R (III Div) 1949 43. oUU , uuu 50,000 (Thic B & Q R R (Ill Div) 1949 43. 50,000 Chic B & Q R R (Ill Div) 1949 3^3 50,000 Chic B & Q R R (Ill Div) 1949 3 is ’ 10U,l)UU 100,000, Chic & E Ill R R gen con & 1st mtg 1937 5s 25,000 1 Chic & E Ill R R gen con & 1st mtg 1937 5s L ocn nnn 100,000 Chic & E Ill R R gen con & 1st mtg 1937 5s ^ ^OU , UUU ^ 25,000 Chic & E Ill R R gen con & 1st mtg 1937 53 100,000 Chicago & Erie R R 1st mtg 1982 53 Chicago & Erie R R Ist mtg 1982 Ss Chicago & Erie R R Ist mtg 1982 5s Chicago & Erie R R Ist mtg 1982 5s. . .. Chicago & Erie R R Ist mtg 1982 53. . .. Chic Ind & Louisv Ry rfdg mtg 1947 63. Chic Ind & Louisv Ry rfdg mtg 1947 6s. Chic Ind & Louisv Ry rfdg mtg 1947 63. Chic Ind & Louisv Ry rfdg mtg 1947 63. Chic Ind & Louisv Ry rfdg mtg 1947 53. Chic Ind & Louisv Ry rfdg mtg 1947 5s. Chic Ind & Louisv Ry rfdg mtg 1947 5s. Chic Ind & Louisv Ry rfdg mtg 1947 Ss. 70,000 100,000 300,000 $10,000 5,000 25,0001 100,000 ' 140,000 10,000 5,000 15,000 ' 30,000 62,000 8,000 5,000j 400,000 15,000 10,000 40,000 6,000 6,000 5,000 34,000 50,000 50,000 78,000 22,000 26,000^ 25,000 49,000 100,000 100,000 100,000 70,000, 65,000' 100,000 50,000 100,000 35,000 100,000 25,000 22,000 10,000 13,000 25,000 10,000 25,000 100,000 150,000 270,000 25,000 5,000 5,000 25,000 10,000 46,000 4,000 10,000 40,000 8,000 2,000 40,000 250,000 Market Amortized v.alue value $7,500 5,100 436,000 424,000 116,000. 108,000 101,000 446,500 374,850 160, 650 { 715,000 950,000 297,000 129,000 267,500 77,000 125,000 324,000 $10,000 5,496 28,751 116,109 159,914 11,422 5,634 16,365 32,774 68,927 8,894 5,536 423,000 15,005 10,003 40,010 6,001 6,001 5,001 34,032 54,907 54,723 82,805 23,355 26,100 25,192 49,282 100,000 100,000 95,202 67,025 66,687 102,595 54,. 542 120.063 35,909 117,411 27,954 24,119 10,914 14,188 26,796 10.719 27,785 110,298 166,708 301,905 96,555 97.250 99.250 49,750 50,314 50,209 260,592 86,330 96,063 96,125 50,969 152,026 49,526 49,500 45,942 93,728 28,570 105,73.2 27,453 108,850 28,546 5,709 5,685 28,363 11,225 57,460 4,997 12.720 51,135 9,049 2,189 44,087 274,130 1012] Mutual Benp:fit Life Insurance Company 529 Market Book value Par value value Chic Mil & Puget S Ry 1st mtg 1949 Is. . . \ Chic Mil & Puget S Ry Ist mtg 1949 Is. . . I Chic Milw & St Paul Ry gen mtg 1989 Is. . 1 Chic Milw & St Paul Ry gen mtg 1989 4s. . / Chic Milw & St Paul Ry gen mtg 1989 \ Chic Milw & St Paul Ry gen mtg 1 989 S^s . . / C M & St P Ry (Chic & Pac W Div) 1921 5s] C M & St P Ry (Chic & Pac W Div) 1921 53 | C M & St P Ry (Chic & Pac W Div) 1921 5s C M & St P Ry (Chic & Pac W Div) 1921 53 C M & St P Ry (Chic & Pac W Div) 1921 5.3 C M & St P Ry (Wis & Minn Div) 1921 5s .. C M & St P Ry (Wis & Minn Div) 1921 5s . . ■ C M & St P Ry (Wis & Minn Div) 1921 53 . . , Chicago & Northwestern Ry ext 1926 Is.. Chicago & Northwestern Ry ext 1926 Is.. Chicago & Northwestern Ry ext 1926 Is.. Chicago & Northwestern Ry ext 1926 Is. . '  1926 Is.. Chicago & Northwestern Ry ext 1926 Is.. Chicago & Northwestern Ry ext 1926 Is. . J Chic & Northwestern Ry gen mtg 1987 Is. . \ Chic & Northwestern Ry gen mtg 1987 Is . . f Chic & Northwestern Ry sink fund 1929 53 \ Chic & NortliVv estern Ry sink fund 1929 53 / Chic R I & Pac R R 1st mtg 1917 6s. C R I & Pac Ry Ist & rfdg mtg 1934 Is. .. Chic R I & Pac Ry gen mtg 1988 Is. Chic R I & Pac Ry gen mtg 1988 Is . ■ Chic R I & Pao R,y gen mtg 1988 Is . , Chicago & St L Ry Ist mtg 1915 63. Chicago & St L Ry 1st mtg 1915 6s . , Chicago & St L Ry 1st mtg 1915 63. Chicago & St L Ry 1st mtg 1915 6s. Chic St L & N Or R R con mtg 1951 53. .. Chic St L & N Or R R con mtg 1951 53. .. Chic St L & N Or R R con mtg 1951 53. .. Chic St L & N Or R R con mtg 1951 53. .. Chic St L & N Or R R con mtg 1951 5s. . . , Chic St L & Pittsb R R 1st con mtg 1932 53 . , Chic St L & Pittsb R R 1st con mtg 1932 53. Chicago & West Mich Ry con mtg 1921 53.. Chicago & West Mich Ry con mtg 1921 53. . j Chic & West Indiana R R con mtg 1952 Is.. Chic & West Indiana R R con mtg 1952 Is .. Chic & West Indiana R R con mtg 1952 Is . . ■ Chic & West Indiana R R con mtg 1952 Is .. Chic & AVest Indiana R R con mtg 1952 Is .. Cin Ind St L & Chic Ry gen 1st mtg 1936 Is Cin Ind St L & Chic Ry gen 1st mtg 1936 Is Cin Ind St L & Chic Ry gen 1st mtg 1936 Is Cin Ind St L & Chic Ry gen 1st mtg 1936 Is Cin Ind St L & Chic Ry gen Ist mtg 1936 Is • Cin Ind St L & Chic Ry gen 1st mtg 1936 Is Cin Ind St L & Chic Ry gen 1st mtg 1936 Is Cin Ind St L & Chic Ry gen Ist mtg 1936 Is Cin Ind St L & Chic Ry gen 1st mtg 1936 Is Ciu Ind & West Ry 1st & rfdg mtg 1953 Is.. Cleve Cin Chic & St L Ry gen mtg 1993 Is . . , Cleve Cin Chic & St L Ry gen mtg 1993 Is . . , C C C & St L Ry (C W & M Div) 1991 Is.. C C C & St L Ry (C W M Div) 1991 Is . . f C C C & St L Ry (St L Div) 1990 Is. C C C & St L Ry (St L Div) 1990 Is. C C C & St L Ry (St L Div) 1990 Is. C C C & St L Ry (St L Div) 1990 Is. C C C & St L Ry (St L Div) 1990 Is. C C C & St L Ry (St L Div) 1990 Is. C C C & St L Ry (St L Div) 1990 Is. C C C & St L Ry (St L Div) 1990 Is. C C C & St L Ry (St L Div) 1990 Is. C C C & St L Ry (W W Val Div) 1940 Is. \ C C C & St L Ry (W W Val Div) 1940 Is. / Cleve Col C & I Ry gen con mtg 1934 68. . .. 