.
v'llisti Lml PHILADELPHIA, SAl'LilJJAi, uaa UaiIV ios IdlU
MmJm
HORAL CREDITS
LEGISLATION WILL
' HELP THE NATION
Primary Purpose Is to
ft Strengthen Country's Ag
ricultural jrosition
t BETTER MARKETS FOLLOW
tlv ALBERT N. HOGG
j" ju.Uti.nl Caehter. Corn Exchange National
The primary purposo of rum! credits
I11AI on In to Increase the agricultural
iirinrth of the nation by decreasing farm
S nurlnp the .Icca.le 1900 to 1310,
enancV Increased at the rate of 16 per
IJnl -11.123 forms of 6U.S00 acres had been
hindoned. and the abandonment had
hn orccrdeil by tenantry. The country
been p-' " ...... ., .(, M.I. I n
unhealthy national condition.
In 1U the platforms of the three preat
political parties contained rural credit
plunks.
Already moro than 100 rural credit bills
hive hecn proposed In Confess through
t, If not all of these, runs the vicious
feature of Government nld and, class leg
islation, The last bill, now In the bands of the
' -Banking- and Currency Committee of both
houses, Is Intended to take the place of
all preceding bills,
It provides for the creation of a farm
lean board of live members to bo an
notated by tho President: the establish
ment of 12 regional banks, each with a
capital stock of $500,0000. These banks
will be allowed to Ibsuo farm loan bonds
to the amount of 20 times their capital.
- An Important provision of the bill re
quires that tho Individual borrower must
apply for his mortgage loan through a
local co-operative association, tho borrow
er contributing C per rent, of tho loan to
the capital of the local organization,
1 which In turn subscribes, n llko amount
to the capital or the land bank.
It has been conclusively ahovni that
any plan which will assist the deserv
ing borrower who cannot command tho
facilities of tho prosnt banking sys
tem must iv ,-cssarlly bo based on local
co-operative u.sn"lntlfins. This ' turn
of tho proposed bill M In entire ..-cord
with successful methods used abroad.
GOVEtlXMEN'T CONTROL OBJECTION
The chief objection to this me.isuro will
arfee over the Government control and
Government aid features. President Wil
son himself has said that the former
should expect no special privileges, ex
tending to him the credit of the Govern
ment New York Klato hns established n land
bank, and n large New York trust com
pany has purchased $50,000 of tho Hist
terles of the bonds Issued by the bank
at i''i per cent. Interest. Tho law creat
ing the brink contcmplatPHthe co-ordination
of- the avlngH and loan associations
of the State with local co-operative asso
ciations. Hut the State advances no aid
to tho former nor Is It controlled, as tho
Federal measure proposed, by a Govern
ment Irnniil and pol'tleal ippolntments.
As much ns the New York land bank
fias been erltlcNed It lias some strong
f tares For Instn. e, th" Individual
borrower must have 25 to JO per cent, of
the purrhnso i lice of th" property, whllo
(0 to SO p r cent. .1st bo provided by tho
local savings and loan association, so
that not over M per cent, of tho appralsod
value will be provided by tho Issue of
bonds.
Helping tho farmer '-ntcmplutes also
dcqu.ito facilities for personal credits ; 1.
., credt for current farm needs. Moro
than 26,000 banks are doing thfa each year,
and were tho farm mortgage property
taken care of by land banks, Statu or na
tional, it would seem that the present
baaklng system, with tho Federal reserve
facilities for rediscount of current farm
paper n'ioi'1 ' r i o-if me'"" re take earo
of current farm needs. With tho estab
lishment o. locn i-fi-operntlve associa
tions, the legitimate farming demands
should bo fully covered" In tho particular
locality.
STATES FEELING WAY.
Better marketing endltlons naturally
Co hand I . hand wlih any movement of
this kind, but this is more of n local
question. The organization of farm units
will lead to development along theso
"tines. As n mntter of fact, many com
munities have been organized from time
to time to Improve marketing conditions,
ind the results havo fully Justltled this
method of dealing with the pro! lem.
Tho Stares ore feeling their way In this
matter, so Bhould the National Govern
ment bo vory carctul In enacting any
laslslai or. at tin- present time, except on
conservative Unci, If at nil. Had not the
Federal reserve act better bo tried out
ar
Has any one observed, by the way, that
th0M sections ot the country which coulJ
never see any value In the establishment
of a L'nlted States mercantile marine are
now the most ardent champions of
measures promising Government aid to
the farmer?
STEEti M AltKET STRONGER
Foreign Inquiries Large Enrly Ship
ment of Wire Desired
PITTSBURGH. Jan. 16.-The general
tono of the steel market Is stronger than
nt the beginning of the year, with for
eign Inquiries henvy. Inquiries from
France and from England for barbed
I wlro now amount to H0.0M tons, whllo
even a larger tonnage Is being negotiated
tor in rounds ror shells.
The barbed wire Is desired for early
shipment, but It Is regarded as likely
that mills will bo unable to oblige In
this particular, as sevcrnl months ago
requirements covered the period up to
tho middle of the present year. A large
premium Is paid for prompt delivery of
some commodities.
A carload of plates was sold this week
for per 100 pounds, the hlgkeat frrlco
for this movement.
,p,8 'ron ! iulet. A sale of 1M0 ton
of Connellavlllo furnace coke at 3 re
stored the market to tho level prevailing
borore the u0-cent break caused by tho
embargoes.
DIVIDENDS DECLARED
1
11? S?r eii.t'"i& ymnnj regular nuarterly
cent r?hV fl,Jff ?-m.a "I'V!'""1 " l t
February -29 ,,llr:h lr ,0 holder! of record
a"Sri.01'ifLc.hi cmrny. regular quarterly
U.i-Kpin. J."'1. ",.r ' rr cent., payable-
flSJk.; J2 Jitock" nnTi February 2t.
lJit Ir !f,fT CnmPany. regular quarter
in iSKr..fin!:..m..roln.mon ""T IH per cent,
Export Kerosene Advanced
.W TOFlK' Jnn' 15 The Standard
Oil Company of New York has advanced
the price of kerosene for export VI cent
per gallon, all grades.
LESS COTTONSEED CRUSHED
Amount to Jnnunry t Wns 2,628,610
Tons
WASHINGTON, Jan. IS. - Cottonseed
crushed to January 1 totaled 2,628,610 tons,
against 3.3.1S.17S ton's January I, 1915, a
census report showed today. Llnters ob
tained to January I totaled 5.12.552 bales,
against 402,073 bales Jnnunry 1 Inst year.
Cottonseed crushed, b States! Ala
bama, 203,874 tons,' Arkansas, 150.943
tons! Florida, 14.SS7 tons; Georgia, 11,610
tons) Louisiana, !i0,42S tons! -Mississippi,
235,201 tons: -Missouri, 16.661 tons; North
Carollnn, 169,616 tons: Oklahoma, 13S.639
tons; South Carolina, 207.229 tons! Ten
nessee, 127.715 tons; Texas, 776.21S tons:
all other States, 28,970 tons.
I.lnters obtained by Slates: Alabama,
42,631 bales. Arkansas 29,227 bales-, Flor
ida, 2403 bales; Georgia, 83,0"'' bales; Louis
iana, 18.7IS bales; Mltclselpi . 43,032 bales;
Missouri. SOBS hlr. North (TflrollnrL 29..
1 619 balesi OMahomn, 28.99 bales; South
i-arouna sifSi bales, Tennessee, 29,477
units: Texas, 157,142 bales; an other
States, 6657 bales.
RATES FOR MONEY
Time
3WIM
Call
N'ew York , iv,rs
PhltflitnlnhlA ........... nli.7l
Itntlon a 4 MU
ChlwiKfl , ,iHff4 4 BVi
Commercial iwpor, :1 to II months. Philadel
phia. 3'bfM per rent.
RAILROAD EARNINGS
OltANII TMUNK 8V8TEM.
told. Increase.
Flrt wrek January .... "Wi,702 137,1M)
From July 1 ... 2S.24H.2.V1 W0.020
BAH SILVER
. !NlKN'. Jan. l...-Th
bar allver totlsr was 27 ce
Price of commercial
nee.
NEW ENGLISH LOAN KUMOREd
Bank of England Refuses to Split
French Loan Certificates
I.ONDONi Jan. 16. Itumors that n new
loan Is Imminent persisted In the city
today, notwithstanding the fact that In
come tax collections nro nbnormnlly
rapid.
The reports made the gilt-edged sec
tion, which was dull, unsteady. Signifi
cance wag attached to the actloh by the
Hank of England In refusing to split
further French loan certificates Into
small nmoUnts,
The bank, however, agreed to extend
the period for the splitting of large
French loan certificates another week.
French Treasury bills to tho extent of
10,000.000 wero raid for against 9,400,000
maturing.
There was n moro confident feeling In
bimmmim
the Attterlcwri Sprtmnt anil prlrtt ad
vanced th sfMffhthS' Kith tha,mrit tt
New York. Less attention inta pM- to.
the Mexican situation; Yeatrdiyj no-
ever, Mexican securities were TtWMstis
and weaker
A stronger tone -was In flvlrtaw ,i
Canadian Pacifies and Grand Trunks.
Home railway share advanced Mto era
good buying. There was dlsbUrw W
the lines 2,600,000 In debenture iMMft4
The foreign department was low, ThS
three-year fuhdlng scheme of the. Mat
of Dahal, Brazil, waa received very fa
vorably, Htibber shares were steady tee
cause of Improvement In the eUple.
HANK CLEARINGS
Hank clearings today compared with corra-
Pixmainv nny ihbi iwn j
yeara
mis. 1014.
Phlladelnhla.Mr.4Ul.WO X20.4fl2.fBVI
Doeton .1 l..l0:l.2ot ai.OIO.TBt 3l.31i
lots,
m
.THE
PROVID
ENT
Life and Trust Company
of Philadelphia
FOURTH AND CHESTNUT STREETS
ASSETS
Insurance Department;
Hontls and Mortgages, and Ground
Rents $25,066,295.57
Heal Estate, Office Buildings and
Properties bought in under fore
closure, etc 1,290.313.14
Loans on Collateral Security 1,969,436.9.1
Loans on Policies of this Company 10,675,221.54
Premium Notes secured by Liens on
Policies ..., 869.85
Bonds at Market Value, at this date
(sec list) 43.721,807.00
Cash 1,231,048.16
$83.955,492. 1
Accrued lr.tcrcst 1,062,606.48
Overdue Interest 85,239.09
Deferred and Uncollected Premiums, etc., '
less tost ol Collection 1,60,684.84
The Company publishes the, following Statement of its Assets and L labilities at this date:-
LIABILITIES
Apart from Insurance: "
Bonds and Mortgages on Real Estate.... 635,362.52
Real Estate 105.100.00
Loans on Collateral Security 8,948,987.92
Bonds and Stocks at Market Value, at
this date (sec list) 8,326,172.50
Accrued Interest less Accrued Taxes,
etc 143,559.39
Collections in Transit 2.874.45
Cash 2,631,995.75
$86,724,022.60
$20,794,052.53
$107,518,075.13
Insurance Department:
186,813.96
ucatli Claims unpaid
Dividends unpaid, itirludiiiir those anoor-
tioncil for the first half of 1916 1,207,920.94
. Premiums paid in advance and other
liabilities 724,118.77
Insurance Fund Reserve, computed by
American Table, .14 78.519,444.00
Additional Insurance Reserve required to
place all Policies mi 3r' basis 3.393,133.00
Contingency Reserve (not including
Capital Stock) 2,692,591.93
,
Apart from Insurance:
Deposits 13,466,186.86
Certified Checks and Clearing House Due
$86,724,022.60
Bills
Unpaid Dividends
3.420n
.V9"
Capital and Surplus:
Capital Stock $1,000,000.00
Surplus (including accrued
interest and excess of market
values over book values)... 6,324,075.68
7,324,075.63
$20,794,052.53
$107,518,075.13
INSURANCE BONDS
GOVERNMENT, STATE, COUNTY AND MUNICIPAL BONDS
Par Value
Dollars
37:1.000
152.000
900,000
swo.ouo
123.000
ar.,000
soi i.ooo
32,000
133,000
910,000
123,000
400,000
10O.000
118,000
303,000
S0.2U)
3,70)
100.0CO
30.0TO
0,000
150.000
1.000
100,000
100,000
100.00.)
47,000
Unltcil States or Mexico, Gold. 4, 1934
County of Allegheny, Pa.. County Itoail. Series 4, 4, 1934
City of lloaton, 3H-J. 192-J to 1913
City of Cincinnati, Ohio, Consol. Sin. Pd. 3V4rt. 1932
Oloucester City. N J., i, 1919 to 1933
City of LynchburB. Va., Itfrtg., 4'4, 1927
Massachusetts. Commonwealth of. Oolil. 3U.rc. 1931
City of Mobile, Ala., Waterworks and SeweraKe. 4H,
1939..
..
mj- 01 .miuiie. ,in., aicrworKS anil aeweruKe, 131, iiw
City of Nqw York, Consolidated Stock, Gold, 3A, 191(1 to 1918
City of New York, Corp. Stock, Gold, iWc. 1933 and 1951
Cltv of New York. AsscBsmont. Gold. ir.. 1918 nnrt 1913
City of New York, Corporate Stock, Gold, 4CJ. 1935 to 1937..
city or incw lorn, corporate miock, tioiu, H4", uw
City of Now York. Corporato Stock, Gold, 3i, 1916-1917
City of Now York, Corporate Stock, Gold, S, 1917-1913
City of Philadelphia, 3, 1916-1921 .,..
City of Philadelphia, 3. 1917-1921
City of Philadelphia, Loan of 1894. Series Q. 3ft, 1924
City of Philadelphia. Ian of 1913, 4, 1913
City of Plttsbilrgh, 4. 1916-1918
City of Portland. Multnomah Co., Oregon, Ilrldse, Gold, 46, 1934.
Port of Portland, Oregon. Gold. 67c, 1922
City of Richmond. Virginia, 5, 1921
Salt Lake City. Utah, Itfdir. 4, 1918
Salt I-ako City. Utuh. Hfdg., 4W4. 1921
City of San Diego, California, ihiVo. 1919 to .1933
RAILROAD BONDS (Includlnc Streot Railway)
Market Valuo
at this Date.
223,800.00
148.9C0.0O
830,10.00
195,000.00
214,920.00
36,360.0)
282,000.00
31.680.0i)
151,425.00
801,123.00
123,000.00
391,500.00
106, 000.00
117,500.00
311,575,00
4S.C0I.C0
3,653.00
97,000.00
30,750.00
50,290.00
144,750.00
4,160.00
104.000.00
99,500.00
101,600.00
46,697.50
Par Valuo
Dollars
Market Value
at thlH Dato.
25,000 Altoona & Logan Valley Electric 'Stwy. Co., Consol. Mtgo., Gold,
V.i-n. 1933. (Gtd. by Tho American Rwys. Co.)
200,000 Atcliison, T. & S. Fe Ity. Co., 100-yr. Adj., Gold, 4ft, 1993, Stamped
and I'nstamped
700,000 Atchison, Top. & S. Fo Rwy. Co. (Eastern Oklahoma Dlv.), 1st
Mtgc., Gold, 4, 1928
200.COO Atchison. Touoka & Santa l'o Itwy. Co. California-Arizona Lines,
1st and Kef. Mtgc, 4'W. 1962
331.000 Atlantic Coast Line H. R. Co.. 1st Con. Mtge., 50-yr, Gold. 4, 1932.,
HEVERLE
AND HAY
PUBLIC ACCOUNTANTS
1034 Real Estate Trust Dldg.
Charles J. Bender & Co.
INVESTMENT BONDS
lltmtxra Philadelphia. Block Kxchauge
421 CHESTNUT STREET
DIVIDENDS
NOTICE OP" DIVIDENn.
AJAX RUBBER COMPANY, Inc.
Jiuii-nus Uroadway.
Rv2Stbl loiJt tu' Businesa tnuruarr
f -,--....
UAtlOLD W. 8TIMPS0N. Treasurer.
ELKfTION NOTICE
KS TUB CK.NTHAL NATIONAL HANK
OV PUILADKLflllrt
,, .. . . ., Januiry lath, 1018.
uAn i?."?' ttln ot Stockholdurs of
ii-B4nW- .t1,ld J""ury Ilth, J81U. tho fol
thl "tlemen were elected Director for
.i;.!".. .
1 "wiSil-f, '?!'
Sr'm." B.u.r"hara. Jr,
Jba Pitcalrn
Ourluli Smith
It WllUamT Elliott
Charles E. Ingerioll
A. A. Jackson
Samuel SI. Cur.won
Clarence M. Drown
Avery D. Andrew
Stevens lleckitoher
UuEm I. Kllloou
k-T .t.wesuD 'he Board or Director
w.r-hU.dar Mr- WILLIAM T. ELLIOTT
M Bnnlmouly re-elected I'rfoMeiit.
WILLIAM I'OST.
tejaier.
B THE SIXTH NATIONAL HANK
. Philadelphia, January J4th. 1910.
I the Annual Election, held on the 11th
Staid lnf, '"?'n?:?.amAd .J!n'I .."!
I Jfti, Vi ,fcvw4 ee ur tne cujjiii car.
' 3rSh?.ttUu wm, e. u
V VrZX SSSSH "' C-.?A
tkfVnMMng of the Director, held tht
SecUd ' oulcer wr unanlraomly
John P Wlion. President.
Daniel Balrd. Vke-PrlJcnt
Jfaa, p Suttoo. Sscond Vk-Prelden
ilfuS Salter. Caahler
jS S', Jr , Solicitor
Joba, Baxter, Notary
William salteb. cawr.
I
day.
re-
20.623.00
173.000.00
658.000.00
192,000.00
S09.4S5.00
425,000.00
1S3.O0O.O0
836.290.00
Middle
Dlv.) 1st Mtge.. Gold. 3V4rc. 1923 22.625.00
500.000 Balto & Ohio n. It. Co. (P., U E. & W. Va. System), HftlfJ..
' Mtire.. Gold. 4?6. 1911 437.500.00
313.000 Bulto. & Ohio It. It. Co. (S. W. Dlv.), 1st Mtge.. Gold. 3VS. 1925.... 1,207,900.00
673000 Halto. & OI1I0 Equipment Trust of Feb., 1912, 4W. 1916 to 1921 676.235.00
477.000 Halto. & Ohio Equipment Trust ot 1913. IH. 19W-1923 479.265.00
70 010 Uufralo & Susquehanna It. It. Corp., 1st Gold, 4ft, 1903 63,200.00
49o!0O0 Central of Georgia Itwy. Co., Consol. Mtpe., Gold. 0, 1915 492.450.00
3000 Central of GeorKla Itwy. Equip. Ass'n. K. 5. 1917 23.000.00
500 000 Central Pacltlo Itwy. Co.. 1st Ilfdp. Mtse., Gold (Gtd. by South-
ern I'acltlo Co.), 4?5. 1949 450,000.00
210000 Central I'acillc Itwy. Co., Gold Mtse., 3Hft, 1929 (Otd. b South-
cm I'acillc Co.) 117,950.00
200000 Central Pacltlo Itwy. Co. (Through 8hort Line), 1st Mtge., Gold,
4. 1934 (Gtd. by Southern Paclllc Co.) 174,000.00
"00 000 Chesapeake & Ohio Hallway Co., 5?l Notes, due 1919 197,000.00
10O000 Chesapeake & Ohio nwy. Co.. 1st Cons. Mtge., B0-yr.. Oold, 5. 1939 100,500.00
658000 Chesapeake & Ohio Rwy. Co., Gen. Mtge.. Gold, 4W. 1992 602,070.00
1o'000 Chesapeake & Ohio, Equip. Series N, 4H, "16 to 1919 23O.O00.0O
250000 ChicaKO & Alton n. K. Co., Hfdg. SO-Vr? dold, 3. 1919 147.600.00
2500M Chicago & Alton Itwy. Co.. 1st Uen &0-yr.. Oold, 3H. 130 107.600.00
6'000 Cnlcaeo, Uurllngton & Qulncy H. It. Co., Iowa Dlv., 8. P., 4!l. 1919.. 3,940.00
1(:000 CIiIcHbo & East 111, it. H.' Co.. Rfdg. &. Impt.' (Mtge.),' Gold. '
i. 1933. - ra.000.00
1 000 chlcaito & Eastern Illinois It. It. Co., Receiver Ctfa. ("Cvanavllle &
' Torre Haute R, R. Ext. Car Trust, Series C), 5W9S. ".917 25,000.00
jnnouO Chicago. Indianapolis & St, Louis Short Line Rwy. Co., 1st Mtge.,
400.00U l-$.c'G,;,li;'V'iW3 ,Qtd. by C. C, C. & St. U Rwy.' Co.) 320,000.00
150 000 Chicago. .Mllwaulceo & St. Paul Rwy. Co., Chicago & Pacific West-
ern Dlv.. 5ft 1921. .,........... ....... 131.500.00
mono Chicago. Mllwaukes & St. Paul Rwy. Co., Puget Sound & rt'lllapa
' 1 arbor Rwy!. 1. 6-yr. Ctfs., 1918 (Gtd. by Chicago, Mllw. & lit.
Paul Rwy. Co.) 190.000.00
Twnon Chicago N, W. Rwy. Co., Equip. Tr, of 1912. 4J4, 1916-1913 336.400.00
i'ooo Ch cago Rwys. Co.. Consol. Mtge.. 20-yr Gold, Series B, Bft. 127.. 127,600.00
1U000 C cago. Rock Island & Paclllc Rwy. Co.. 1st Mtge., 6, 1917 157,850.00
60 000 Chicago, It, I. & rac. itwy. wo., ut as "tag. :uige., uoia, 4i, 1934.. 3:,7W.uu
123,00aCO
341,910.00
435,200.00
320,000.00
w I llinoU Central R. R. Co.). 3J4R. 195J. I .'.
m 000 Chicago,- St. Louis & New Orleans. Equipment, 5, 1916-19M (Otd.
". v... rlllnnl. n.ntml !t. H. Co.)...
US ..'."w.- " ,.jnn 1 t r finnan. n ... HnU ...1
614 000 Chicago western im" -" v"', -j., uwu, um.
400 000 Cleveland." Cincinnati,' 'Chicago "& ' 'i t."Loula"it wyV Co.',' o'en.' 'Mtge.',
Gold. i, 1993.,
149.000 Cleveland Terminal & Valley R. R. Co.', 1st Mtgc. Gold (Gtd. by
Baltimore & Ohio R. It. Co.), 491, 1993
SWO0 Columbia & Greenville It. R. Co., 1st Mtffe., 6CJ, 1916
300.0O) Consolidated Traction Co., 1st Mtgo., Gold (N. J.), 595, 1913
433,000 Easion .i Amboy R. It. Co.. 1st Mtgc. (Gtd. by Lehigh Val. It. R.
Co.), 6S. 1920 .. . .. ., "
?& S1?"1! Jo"et & Eastern Rwy. Co.. 1st Mtgc. Oold. 6, 1911
iM.ro !'w7- Co- Consol. Mtge.. 7. 1920
SM25 fcr.,e ." " Co- ,-"'1 Consol. Prior Lien. Gold. 4tt, 19W
?'SS, !irl.e " " Co., 1st Gen. Lien, Gold, 4l, 193')
M9. tY'0 u-,..u. Co- Pennsylvania Coll.. 50-yr.. Gold, 4. 1931
oO.OOO Evansvlllo & Tern- Hnutc It. It. Co., 1st P-, M1.40., Gold (Ctfs. of
Deposit), 6, 1912
3253 6eorKla I'acillc Rwy. Co., 1st Mtgo., Gold, 6, 1922 i
213,000 Greenbrier Rwy. Co., 1st Mtge., Gold (Gtd. by tho C. & O. Rwy.
Co.). 4fe, 1910
:?'?)!5 H00lln vulley Itwy. Co., 1st Consol. Mtge.. Gold. 4HK. 1999
19,000 Hocking Valley Rwy. Co.. Equip. Trust Notes. Gold,. Series A.
IS, 1916
1,000 Hocking Valley Rwy. Co., "Equip. Obligation," Gold, Car Trust
No. 2 of 1907, 41, 1916
129,600 Hudson & Manhattan R. It. Co., 1st Lien. Rfdg. Mtge.. Gold,
5?J 1957
123,000 Hudson & Manhattan It. H. Co., Adj. Income. 5S$, 1937
493.000 Illinois Central R. It. Co.. Equip. Trust, Gold. Series A. 4W. 1916-1920
103.000 Jefferson It. R. Co., 1st Mtge.. Extended. 3, 1919
69.000 Jersey City & Bergen R. II. Co., 1st Mtgo.. Extended, 4$ft,. 1923....
43,000 Kansas City. P. Scott & Memphis It. It. Co., Cons. Mtge.. 6, 1928..
230,000 Kansas City, Fort Scott & Memphis Rwy. Co.. Rfdg. Mtge., Gold
(Otd. by St. Louis & San Francisco It. R. Co.), 4, 1936
33,000 Kansas City Southern Rwy. Co., 1st .Mtge.. 50-yr.. Gold. 3, 1950....
94S.OO1 ' ako Shore & Mich. So. Rwy. Co., 25-yr. (Deb.), Gold, 4!i, 192S
and 1931
P0.C90 Lehigh Valley R. It. Co., Consol., 4't, 1923
300.000 Lohlgh Valley It. It. Co., Gen. Consol. Mtgc.. Gold 451. 2003
612.000 Lehigh Valley It, It. Co,, Coll. Trust, Gold, 4t, 1916 to 1923
105.000 Lehigh Valley R. R. Co. Equip. Trust, Gold, Series J. 4!5. 1917..
200.000 Long Ial. R. It. Co., Hfdg. Mtge., Gold (Gtd. P. It. It. Co.) 4, 1919..
81,000 Long Island It. H. Co. Ferry, 1st Mtse., Gold, 4',4. 1922
330,000 Louisville & Nashville R. It. Co., Unified Mtgo., Gold. 4S, 1910....
64.000 Louisville & Nashville It. II. Co.. St. Louis Dlv., 1st Mtgo.. n, 1921
200.000 Louisville & Nash. Southern (Morion. Coll.), Jt., Gold, 49i, 1932....
187,000 Ixiulsvllle & Nashville It. Jt. Co.. Equip. Notes. Series A, 3S, 1916-1917
200.000 Manhattan Rwy. Co., Consol. Mtge.. Gold (N. Y.), 7 199.)
133,000 Market Street Elevated Passenger Rwy. Co., 1st Mtge., Gold (Gtd.
by Philadelphia Rapid Transit Co.) (Pa.), 4ft. 1955
210,000 Mason City & Ft. Dodgo It. It. Co,, 1st Mtge.. 50-yr.. Gold, 4S, 1955..
100,000 Metropolitan West Side Elev. Rwy. Co., 1st Mtge., 40-yr., Gold
(Chicago, III.), 4ft, 193S
200,000 Minneapolis, St. Paul & Sault Sto. Mario Rwy. Co., 1st Consol,,
E0-yr Gold (Int. gtd. by Canadian Pacific Rwy. Co.), 1ft, 1938....
136.000 Missouri Pacific Itwy. Co. (Coll.) Trust. Gold (Ctfs. of Dcp.), 5ft, 1917
600,000 Missouri Pacltlo 1 allway Co., 1st Coll. Mtge., Gold (Ctfs. of De-
posit). 5. 1920
8,000 Monongahela Itiv, R. IS. Co., 1st Mtgc, Gold (Gtd. by B. & O.
R. It.), 6. 1919
100,000 Nassau Electric R. R. Co.. 1st Consol Mtgc.. Gold (Gtd. by
Brooklyn Heights It. R. Co.), 1ft, 1931
472,000 N. Y. Cen. & Hud. Rlv. n. It. Co., 1st Rfdg. Mine., Gold. 3'.tft. 1997
500,000 N. V. Cen. & Hud. Rlv. R. R. Co., 30-yr. Deb., Gold, 4ft, 1934
423,000 New York Central & Hudson River It. R, Co., Lake Shore Coll.
Trust. Gold. 3Hft, 199?
332.000 New York Central & Hudson River It. It. Co.. Michigan Central
Coll.. Gold. 3Uft, 1998
56,000 New York Ac Erie R. It. Co.. Extd. (2d) Mtge.. 651.. 1919
150.000 New York & Erie R. R. Co.. Extd. (3d) Mtge., Gold, 4H, 1923
52,000 New York & Erie It. It. Co.. Extd. (4th) Mtge., Gold. 6ft, 1920
450,000 New York, Lackawanna & Vestern R. R. Co.. 1st Mtge.. 6ft. 1921..
37,000 New York Hallways Company, 30-yr. 1st Real Estate and Refund
ing Mortgage. Gold, 4ft. 1942
112,000 New York Rwys. Co,, 30-yr adj. Mtge. Income, 5, 1912
50,000 Norfolk & West. Rwy. Co.. 1st Consol. Mtge,. Oold, 4. 1936
250,000 Norf. & West. Rwy. Co.. Dlv. 1st Lion & Gen. Mtge., Gold, 4ft, 1911
1.000 Norfolk & Western. Equip.. 4ft, Series K. 1916
747.000 Norfolk & Western. Equip., Series of 1914. 4V5ft. 1916 to 1921
200,000 Northern Pacltlo Rwy. Co., Gen. Uen, Rwy. and Land Grant
Gold. 3ft, 2047
320,000 Northern Pac. Rwy. Co. (St. Paul-Duluth Dlv.), Mtge. Gold.
4ft. 1996
750.000 Northern Paclflc-G. Northern (C, B. & Q Coll.), Joint, Gold,
4ft, 1931
650,000 Oregon Short Line It. R. Co., 25-yr. Rfdg.. Oold (Otd. by Union
Pacltlo It. R. Co.), 4. 1929
250,000 Oregon Short Line Rwy. Co., 1st Mtge., Gold (Int. gtd. by Union
Pacific R. R, Co.), 6ft. 1922
171,000 Passaic & Newark Electric Traction Co., 1st Mtge., 40-yr.. Gold
(Qtd. by Consolidated Traction Co.) (N. J.). 5ft. 1937
909.000 Pennsylvania Co., 1st Mtgc, Uift. 1921
63,000 l'ennsylvanla Co., Oold Loan of 1901. 3Wft. 1916 ,.;
800.OX) Pennsylvania Co., Gold Loan of 191a, tCjft. 1921
Par Valuo
Dollars
Market Valuo
at this Date.
125,160.00
88,000.00
SOI.500.00
416.760.0)
309.000.00
162.S00.00
252,450.00
coo.ooo.oo
330,000.00
3S.tOO.00
13,975.00
201.690.00
121,200.0)
18.905.00
1,000.00
96,477.50
38,750.00
498,523.00
101,515.00
66,930.00
47,035.00
191.230.00
26,600.0)
S92.87O.0O
90.900.00
183.000.00
COI.780.00
105.000.00
176,000.00
80.610.00
329,000.00
6S.4SO.OO
160,000.00
1S3.270.OO
183.000.00
121,335.00
141,000.00
72.600.00
I
186.000.00 1
116,960.00
415.000.00
8,050.00
73.000.00
391,700.00
462,500.00
333,623.00
296,030.00
56,810.00
147,000.(0
63,010.00
436,000.00
27.155.00
63.810.00
46.750.00
225,000.00
993.00
748,940.00
131,000.00
289,600.00
735,000.00
601,230.00
271,250.00
173.663.00
918.030.00
63,003.00
508,000.00
uy P. It. R.
383,000 Pennsylvania Co. (Coll .
200,000 Pennsylvania & New York Cnnnl and K. ... i ., . Gen. Consol. Mtgc.
,n tl. by Lehigh Valley R. 11. Co.), 4ft, lam
10,000 Pennsylvania, It. R. Co., Consol. Mtgc, 5ft, 1919....
cliMKX Sc,ma- ,It- Co.. Consol. Mtge. Sterling (20,000), 3H, 1915
5n'S f ennsy van a. R. It. Co.. Gen'l. Mtgc.. 4Mft, 1905 ;...
J30.000 Pennsylvania General Freight Equipment Trust, Oold, 4ft, 1916
,1-, .,nml ,?l, ,asllc ot "07 (Otd. by I'ennn. It. It. Co.)
163,000 Pennsylvania General Freight Equipment Trust Gold, 4, 1916-
,,..m,nBi iKBue of 1910 (Gtd. by Ponna. R. R. Co.)
1.215,000 Pennsylvania General Freight Equipment Trust, Gold, 4ft, 1916-
rnm t."21, '""uo of 1912 (Gtd. by I'ennn. It. R. Co.)
993,000 Pennsylvania General Freight Equipment Trust, Gold. 1916-1522,
T.Is?ue ot 13i3 WS 'Ot'1- ") Petmu. H. R. Co.)
C9.000 IVrkloinon R. Jt. Co., 1st Mtge.. 1st and 2d Series. Oold. C,
1913 (Gtd.) , ,
SSn E!'!!a't .nalt0' & Washington R. R. Co,, 1st Mtse., 4 1S13
3'$t II i1 nuelphla .t Erie R. It. Co.. General 1st Mtgc.. 4. 1920
'.W0fl a. Krle It. It.. Gen. Mtge.. 6ft, 1920. .......:
S&SJ5 l$!,.n- Erle u- "-. Consol.. General l.H Mtgo.. 6ft. 1920
100 000 Philadelphia & Reading R. R. Co.. Sink. Fd. Ext., Gold, 4ft. 1633
. ,., ,'v."1.' ly I'l'lla. & Heading Conl and Iron Co. and by Rending Co.)
rl-SSn ELM "delphla. Wilmington & Baltimore R.- R. Co.. Deb., 4S. 1917....
50,000 Philadelphia, Wilmington & Baltimore R. R. Co., Stock Trust
Ctfs., 4, 1921 ;
45,000 Pittsburgh, Cln., Chicago & fit. Louis Itwy. Co.. Cons. Mtge.,
Gold, 4ft. 1915, Series D (Otd. by Tho Penna. R. R. Co.)
iSO.000 Heading Co. and Philadelphia & Reading Coal & Iron Co.. Gsn.
Mtpe.. Gold. 4, 1997
71a,O0O Reading Co. (Jersey Central Coll.). Gold. 4. 1931
100000 Rio Grande Western Ry. Co., 1st Tr. Mtge.. EO-yr., Gold, 4ft, 1933..
100,000 Itlo Grande Western Rwy. Co.. iBt Cons. Mtge., 50-yr., Gold,
4ft. 1919. Sub Series A
230,000 St. Louis. Iron M'n & So. Hwy. Co. (River ft Gulf Dlvs.), 1st
Mtge.. 50-yr.. Gold, 4-J. 1933
70,000 St. Paul & Duluth It. R. Co.. 2d Mtge.. 6ft. 1917
200,000 Seaboard Air Jlne Rwy. Co.. 3-yr., Gold Notes, 6-., 1316
200.000 Second Avenue Jt. It. Co., of New York, 1st Consol. Mtge., 5S,
1918 (Gtd. by Metropolitan Street Rwy, Co.)
416.000 South Carolina A Georgia R R. Co.. 1st Mtge.. Gold. 6ft. 1919
600,000 Southern Pacific R. It. Co., 1st Rfdg. Mtge., Gold, 4ft. 1955 (Gtd.
by Southern I'aclflc Co.)
481.000 Southern I'aclflc Equip. Tr., Series A. 4Hft. 1910 to 1921
25,000 Southern ThcMc Equip. Tr. Series B, 4W, 1S17-1918
164,000 Southern Pacific, Equip, Tr.. Series C. 4K, 1916.1920
225,000 Southern Ry. Co. (St. Louis Dlv.), 1st Mtge.. 50-yr.. Gold 4. 1951..
600,000 Terminal It. R. Asso. of St. Louis, Gen. Mtge., Hfdg, 8ink. Fd.,
Gold, 4S, 1953 (Int, and Sink. Fd. gtd. by 14 R, It. Cos.) ,
SOOOO Union Traction Co. of Indiana. 1st Gen. Mtge.. Oold, 61, 1919
200,000 Union Traction Co. of I'hlla,, 60-yr.. Sink, Fund Coll, Trust Mtge.,
Oold, 4ft 1932 , J
63,900 Vlrslnla Midland Rwy. Co., 3d Mtge., Series C, 6ft. 1916 ,...
250,000 Walmsh It. It. Co., 1st Mtge.. Gold. 6ft. 1939
175.000 Washington Terminal Co.. 1st Mtgo., Gold. 3!4ft. 1945 (Otd. by Tho
Halt. & Ohio It. It. Co. and Phlla., Halt. & Wash, It. It. Co.)....
68.000 West Jersey & Seashore It. R. Co.. 1st Mtge, Cons., Gold, 3i,
Series R. 1936
67.000 Western I'ennsvlvanla It. It. Co., Consol. Mtge., 1ft, 1928 ,.,.,
75.000 Wilmington & Northern R. R, Co.. Stock Tr. Ctfs., Gold. 4ft
100,000 Wisconsin Central Rwy. Co., 1st Gen. Mtge., Gold, 4ft, 1919..,.,.,,,
200,000
83 000
200.000
235,000
100.000
MISCELLANEOUS BOND5
Connecticut Rwy, & Lighting Co, 1st & Rfdg. 60-yr. Stamped,
Gold, 4H'.i. 1951 (Int. gtd. byT'he United Gas Impt. Co.)
Continental Coal Co., let Mtge., Gold, Gft, 1952 (Gtd. by The Toledo
& Ohio Central Rwy. Co. and The Hocking Valley Itwy. Co.)
(Ctr. or Deposit)
1931 (Gtd. by Security Investment Co.. Pittsburgh)
193,06v.W
100,000 East Pittsburgh Improvement Co., 1st Mtge., 30-yr., Gold, Eft.
1 Jii f l fcp (jAAiivlett TnifAel w aa rf rt Lett1 i ol te haVi t
4t7Jl tutu, uy acvui 113 til van i mi it. vu,. 4ttauuih4if,.,M .,.,
Fairmont Coal Co.. 1st Mtge. SO-yr., sink. Fd., Gold, 6ft, 1931.,,,.
Gloucester Ferry Co., 1st Mtge Gold. BK. 192S
Kanawha & Hocking Coal & Coke Co.. 1st Mtge., Gold, 6ft. 1951
200.000
141,001
239.000
200,000
350,000
100,000
100,000
50,000
100,000
(Gtd. by The Toledo & Ohio Cent Rwy. &. The Hock. Val. 'llwy.)
If'.fu nt n.nnaltl
Kansas City Rwy. & J.t. Co.. 1st Lien Rfdg., 10-yr.. Gold. 5. 1913,,
Lehigh Coal & Navigation Co.. Coll. Trust, 4iift, 1S21 ,..,,
Lehigh Coal & Nn'. Co.. Fund, & Impt.. 60-yr Oold. 4ft, J9W,
I.ehfgh & wHkeiUinVre'coui'Co.V'Cow
Norfolk & Western Rwy. Co. Pocahontas Coal & Coke Co., Joint
Purchase Money. 1st Mtge.. Gold, 4. 1911........ ., ,.
Omaha Gas Co., 1st Consol. Mtge., Gold. 5ft, 1917.............
Pennsylvania Salt Manufacturing; Co.. 3-yr. Notes, 5ft, 191!...,,,.,,
Springfield Itwy. and IJ.Rht .Co., Coll. Trust GoldJSrf. 1933 .,
Welabach Co,, 30-yr. S nk. Fd. Coll. Trust Mts.. Gold. t, 1930.,.,,
Total Market Value at this dat , .,.,,$43,721,807.00
BONDS AND STOCKS APART FROM INSURANCE
STATE, COUNTY AND MUNICIPAL BONDS
Por Value.
1S6 000-City of Chicago, 4ft, 1917-.191S ,.,. ,.. ISiOOO.00
lOo'oOO City of Chicago, 4!ift, 1919...., ,.....,. , 100.300.00
250000 City of New York, Corporate Stock, Gold, 4ft, 1933 and 1936...,,,,,., 213,750.00
Market Value
at this Date.
RAILRp
AD BONDS (Including Street Railway)
4,000
81,000
25,000
125.000
200.000
3.C0O
JO5.000
60.000
100.000
569.000
100.000,
100,000
133.000
322,000
600,000
331,000
75,000
Atlantic City R. R., Gold, 6ft. 1919.........
At ant c Coast Line R. R. Co.. 1st Consol. Mtge.. Oold. 4 1932
Baltimore & Ohio It. It. Co. (Pittsburgh Junction and Middle
I11V.1. 131 JUIBC. uuiu, ? ,-....
Balto. & Ohio R. R. Co. (S. W. Dlv.), 1st Mtge.. Gold. SHft, 1925.,.,
Ha tlinore & Ohio It. R. Co.. Prior Lien, Gold. 3J4. 1925....'... ,
Brook"?" Bath & West End R. R. Co.. Gen. Slge.. 6. 1933 (Gtd.
bv Atlantic Ave. R. It. Co., of Brooklyn. N. Y.).....,. ....... .......
vi ...-- ----- --- ----.-,-- .- fc. -rt. .---,..-
Buffalo & Busquenanna it. a. uorp., ist suicr., uoia, . jaw
Cedar -Rapids & Missouri River It. It.. 1st Mtge., 7, ll
Centrei I I'aclflc Rwy. Co., 1st Rfdg. Mtge., Gold,' 4, 1943 (Gtd. by
Southern Pacific Co.)
Chesapeake & Ohio Rwy. Co., 5-yr. Sec. Kotes, 5ft, 1919... ,
Chicago & Alton Rwy. Co.. 1st Lien 60-yn. Gold. 3H. 1930
Ch case Burlington & Qulncy R. R. Co.. Gen. Mtge.. 4., 1958.. ,
Cncogo Milwaukee & Puget Sound Rwy., 1st Mtge.. 45i. 1919......
Chicago! Mllw. & St, Paul Ry. Co., Gen. Mtge.. Cold, Series A,
oMc'ago. iiiiw. & BLPauTiiy.". dVn'.'Mt'ge!, lftV'l9ra.'Serlei'c!""I
CWasolMllwaikQ & St Paul Rwy. (Chicago & Pacltlo Western
Chlca'so.aMlLl'& St. Paul Rwyi JPvmet Bund"& Wiilapa Harbor)!
6ft, I91S (5-yr. Trust ctu , , ,
4,030.00
75.735.00
23.625.00
115.000.00
232.600.00
3,000.00
79.SOO.0O
50.750.00
90,000.00
363.465.00
43,000.00
93,0OO.0i)
123.5SO.00
297.S50.00
512,500.00 i
34O.SJO.0O
Par Value.
90,000
20,000
305,000
71.000
129.500
123.000
60,000
200,000
0,000
300.000
60.000
66.000
100.000
iza.vuu
41.000
69 000
13.000
150,000
35.0CO
300,000
100,000
103.000
216.000
SOO.OOO
100,009
Columbus Connecting & Terminal R. R., 1st Mtse., 5ft. 1922
Easton & Amboy R. R. Co., 1st Mtge., 5ft. 1920..,., , ,.
Erie Railway Co.. 1st Consol.. 7. 192 '. .....
Great Northern Rwy, (Canada), 1st Mtge., Gold, 4, 1931 (Qtd. by
. Tne Canadian Noithern Rwy. Co.)....,
Hudson & Manhattan R. R. Co., 1st Lien Itfds. Mtge., 5S, 1937.,.,..
Hudson & Manhattan It. It. Co.. Adl. Income. 6, 1957
Kansas City Northwestern R. R. Co., 1st Mtse., Gold, 5, 1933,
aertu A (Ctfs. of Deposit)
Lake Shore & Mich. So. Rwy. Co.. 25-yr (deb,). Gold. 4. 1IC3......
Lehigh & Hudson River Hwy. Co., Gen., 5, 1920 (Gtd. by Leh. C.
& N. and Cent. R. It. of N. J.)
I-ehigh Valley R. R. Co.. Gen. Consol. Mtge.. Gold. 4ft. 2003
Milwaukee. Lake Shore & Western Rwy, 1st Consol., 6ft, 1921
Nassau Electric R. It. Co.. 1st Consol. Mtge.. Oold, 4ft, 1931 (Gtd.
by Prooklyn Heights R. It. Co.) ,
N. Y. Cent. & Hud. Hlvr R. R. Co., 30-yr. Deb., Gold. 4, 1UL. .,,.
New York Central & Hudson Rlyer R. It. Co., Lake Shore Coll.
, Trust. Gold, 34. 199S. Couoon...
N. Y. & Erie K It. Co. (ESJ'd) 2d Mtse.,, SS. 1919
N. Y. & Erie R. R. Co. (Ext-i. 3d Mtge., 44, 1923
N. Y, & Erie R R. Co. (EsfdTSth Mtge., 5, 1920
N. Y. & Erie R R. Co. (Ext'd) 5th Mtge., 4S. 192S
N. Y., Lackawr.na & Western It. It. Co., 1st Mtgc.. 6., 1921
N. Y., Lake F..1e & Western It. R. Co., 1st. Consol.. 7ft. 1920....
N. Y.. Ne rtaven & Hartford R. R. Co. 1-yr. Notes. 6ft, 1919...-.
Northern Pacific- Rwy Co.. Prior Uen. 4, 1997 .-.
Northern Pacific. Great Northern (C . B. & Q Coll.), Joint, 4. 1921
Pennsylvania R. R. Co.. Oeneral Mtge.. 4VVX. 1905
Participation In Purchase of iU&OoO Philadelphia Rapid Transit
Co. 60-yr. S. F.'Gold 6ft Bonds. 1963 ,
Market Value
at this Date.
93,150.00
,.,.,. 20,400.00
333,500.00
46,150.00
96,477.50
34.750.00
21,000.00
189,000.00
61.200.00
274.500.00
63,750.00
49.600.00
92,500.00
98.125.00
41,615.0)
67.820.00
18.3u0.00
141,000.00 ,
27,000.00
32S.600.00
I0),600.00
100,440,00
!U,6S0.C0
S01.600.0O
100.000.00 I
Par Value.
44 000 South Carolina & Georgia R. R.. 1st Mtge.. 5ft. 1919
123.0a) Southern Ry, Co. (St. Louis Dlv.), 1st Mtge.. 60-yr., Oold, 4ft, 1931.
Market Velm
at.
lOO.OOO Terra Haute. Indianapolis & Eastern Traction Co., 1st and Rfdr.
Mtge., Gold, 5ft, 1915 , ., 7,
95,000 Union Trac. Co., of Phlla., 50-yr. Sink. Vi. ColL Trust Mtge,, Gold.
100.000 WUconstn'cVntra'rnwyY'c
ut th TH
I4.I29.M
los.iap.tsj
73,SM-08
lW0,
MISCELLANEOUS BONDS
Market Valim
Par Value. at this Q4jc
82,000 Continental Coal Co., 1st Mtge.. Gold, Eft, 1953 (Gtd. by the Toledo
ec unio uenirai nwy. wo. ana ne iiocumg vsaiey nwy. wo.l
(Ctfs. of Deposit) ,
23,000 East Pittsburgh Improvement Co., 1st Mtge.. 30-yr., Gold, 6ft, 1931
(Gtd. by Security Investment Co.. Pittsburgh).!
100.000 Kanawha & Hooking Coal & Coke Co., Ut Mtge.. Gold, 6ft. 1951
(Gtd. by Toledo & Ohio Central Rwy. Co. and Hocking Valley
Itwy.) (Ctfa. of Deposit).,...... .7,... ".....,...
2M.0O) Public Ssrvlco Corp.. N. J.. Participating Note. 5. IMS .,
200.OQO bt. josepn itwy., l.i., neat f. wo., in tuige.. uoia. w. ijji..,,..
ta, coiu tioita, scnea aw tt ai "
H
JMBM8
375,000 Westmoreland Coal
;a. coil Notes, scrtM A to el 6ft,
STOCKS
I..
MOM
41.300 413 shares Central National Bank (of PhtUtdelphU)
250,000 2500 (bares Hudson Companies, Preferred.-,.......
40.000 1000 shares The Traction & Power Securities Co., Ltd. (tVC0)
600.00910,000 ibtrei The United Qm Improyemtnt Cq,'.,.,..,..
-.,i,t....
Total Market Value at U &tU
m
: mm
PHILADELPHIA, First Month 1st, 1916.
BUSINESS OF THE COMPANY FOR 1915
Premiums and Annuities received during the
r year $11,527,399.79
Interest on t.ifc Insurance Fund, lSss amount
applied to reduce book values, etc 3,694,338.42
$15 221 733.21
Distribution of Surplus (in Cash or for Insurance) r,925',8t4.94
Endowment Policies matured nnd paid during the year.... 3,044,453.70
Total amount paid for matured Endowment Policies since
organization of Company in 1865 42,669,907.12
bosses by death during the year (631 deaths) 2,399,920.00
Total amount paid for death claims since organization of
Company in 1865 43,574,089.86
Annuities and Instalment Certificates paid during the year. 209,221.7a
17,474 Policies issued in 1915, insuring 43,157,533.00
128,513 Policies outstanding Twelfth Monti 31, 1915, in
suring 334,2S9.332.0fi
Trust Funds (kept entirely separate from
Company's assets)
Investments for Trust Accounts 54,466,693.27
Investments held as collateral on Corpor
ate Trusts 20,075,912.32
Uninvested 1,213,123.21
$75,755,728.60
Philadelphia, Morris Uutldlnir,
, , 31nt Docemher. 191&.
Wo Imvn examined nni verified all tho assets and trust funds of The
Provident Llfo and Trust Company of I'hlladelphlad nnd we havo verified,
the Company's liabilities, Including n test of the clerical accuracy of tho
la rnncu Roservo as prepared by the Company's, actuarial department;
an we hereby certify that the accompanying balance sheet and schfldules
of Investments nro correct and. In our opinion, correctly set forth the
Company's financial condition at 31st December, 1916.
IA'BRAKD, ROSS nilOS. & MONTGOMERY,
Ccrtlilcd Publlo Accountants.
383.S23.P0
132,000.00
10.J0Q.CO
84,000.00
04.000. 00
323.S0O.00
1C3.1M.03
1,206,945.00
999,21100
70,035.00'
213,750.00
33,04000
108.150.00
318,720.00
101,780.00
990.00
49,750.00
42.750.00
737.100.00
479.2SO.00
7,0O0.Of)
61,500.00
17S,2XO)
71. OS 0,00
2oaooaoo
jo.a,rr
418.060.00
450,000.00
481,430.00
is.coaoo
164.3OO.0fl
lVM.0O
4I7,50tX09
45.500.03
IM.OCO.d.1
GO.239.60
257,600.00
117,000.01
SO, (MM
6t.8W.00
7,5CO.0
7,6(10.00
tl,SO0.(M ,
100.060,00
1M,000.
211,540,13
so.ooao
iso.oeo,w
H3.715.M
2J1.W.M
SW.SM.IW
S3.080. M
l&0.vMtW
40.500.04
SI.WO.O)
ftalrsiiji
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