Our Widows And Orphans Endowments a Study Dedicated to the Members of the Io
Our Widows And Orphans Endowments a Study Dedicated to the Members of the Io
Isidor Bush
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The New York Life of N. Y. , earned in 1884, on gross assets amounting to $58, 941, 739; interest etc. , $2, 873, 390. The Connecticut Mutual of Hartford, earned in 1884 1 60 column; and deducting the Endowments paid from assessment and interest received during the same year, and adding the difference to the reserve of the preceding year, the result is found in the ninth (9th) column; showing at the end of the 30th year in Table I, an accumulated reserve fund of $1, 700, 000; in Table II, one o...f nearly two million dollars. Looking carefully at the annexed Tables, it will be seen at once that the amounts received from assessments, in excess of Endowments to be on gross assets amounting to $53, 430, 033; interest etc. , $2, 794, 578. Loans on real estate secutity, carefully and judiciously made are the best mode of investments for our Reserve funds; no other form of property has such inherent strength and value, it is the foundation and source of all other values. Real property may, at times, not find a purchaser at any price, but in due time it rises to its proper place, and it the loan were judiciously made, at about half of what was a fair valuation, no loss is to be apprehended.
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