I THE PRUDENTIAL
1 STRONGER FINANCIALLY, AND IN THE CONFIDENCE OF THE PUBLIC, THAN EVER BEFORE.
| A YEAR OF GREATEST GAINS IN PROCESS, SECURITY AND USEFULNESS.
"" ~ """" =—=r Paid Policyholders
X \ TWENTY-NINTH ANNUAL STATEMENT, JANUARY 1, 1905. durin g 1904, over
m \ ASSETS. 1 IVlillinn RoltarQ
# \ BONDS AND MORTGAGES $15,682,358.73 ITIIIIIVII I/UIIOI3
K jPaBV' ' Th rst Liens on Property, valued at $40,382,977 19
M B REAL ESTATE owned by the Company .... 12,494,957.86
K RAILROAD BONDS 27,681,596.87 Total Payments I
F MUNICIPAL AND MISCELLANEOUS BONDS . . 10,141,196.00 F
I UNITED STATES GOVERNMENT BONDS 105,375.00 *° ™' !C Y holders, De-
I NATIONAL BANK AND TRUST COMPANY STOCKS 4,200,400.00 cember 31,1904, over
II fflVMiEfiffillfittiJ Total Market Valuo of übovo Bonds and Stocki $12,125,567.87 —. . _ .
■ flKUildjd3Jia!ljffii 11 1 Total Cost Value of abovo Bonds and Stocks 4Q.n!-7,670.44 J J lyj j|!| rv r| l|rvl|'Jf"P
■ dk INCREASE IN VALUE OF BONDS AND STOCKS OVRR COST | 1,40U,yy7.4S V/dM IT 1111 lUi I 1/UllulO
1 CASH IN 259 BANKS AND TRUST COMPANIES through
■ out the United States, and cash in office ($6,154,811.25
% on Interest) 6,832,683.09 . . .
% INTEREST AND RENTS, due and accrued .... 641,775.85 lflCreaSe 11*1 ASSCtS,
LOANS ON COLLATERAL SECURITIES .... 5,665,100.00 OVER
Bonds and Stocks, having Market Value of $ 7,549,1522.00
•112• •-• Excess of Market Value over amount Loaned, showing margin of security of 1,884,222.00 -4 11)1*11* r\ II
LOANS TO POLICYHOLDERS . . 2,427,950.12 lO IVIIIIIO fl UOl IclfS
n On the Hecurity of their Policies—the Reserve Value on their Policies being . .$ 4,427,238.00
SEMI-ANNUAL AND QUARTERLY PREMIUMS not yet
"'. .'.V.:.' due, and Premiums in course of collection (Reserve charged
mLiabilities) 2,888,911.65 Cash Dividends
(Number of Policies Total Assets $88,762,305.17 and other conces
in force/nearly LIABILITIES. sions ' not stipulated
CZ RESERVE, Legal and special $73,954,919.00 in original contracts,
Cj |Yi 1111(1 II Amount held to Protect Policy Contracts. -
I ALL OTHER LIABILITIES 1,431,519.84 VOLUNTARILY I
Policy Claims, including those in process of adjustment; Premiums paid in (rivpn hnlHprC r>f
W\_ _, - advance; Unearned Interest on Policy Loans; Hills awaiting preßenta- IvJ IIUIUCI 3 «'
'increase in imumDer . uomor payment. o j c j p o ij C i es t 0 date'
"*of Policies in force, over SURPLUS TO POLICYHOLDERS .... 13,325,866.33 over *
One-half Million • • •> • SBB - 762 ' 3 ° 5 - , 7 1 5 Million Dollars
Life Insurance Issued and Paid for during 1904, over 312 Million Dollars
LARGEST IN THE HISTORY OF THE COMPANY
OVER ONE BILLION DOLLARS
LIFE INSURANCE IN FORCE
=
COMPLETE SCHEDULE OF BONDS OWNED LY THE PRUDENTIAL (Market Value, Jan. i, 1905) V
Not one of which is in Default of Principal or Interest. *
DESCRIPTION Ml'ilrtiy ,nl - Ma,lwl V llu « l DESCRIPTION MMiltXy H " L= ' v "" DESCRIPTION jliwrUy Inl - Mark " v » lue DESCRIPTION /Jufu'ifty ,nl ' M,rk «' V • lu •
Borough of Asbury Park, N. J., Water 1927 5,: 151,525 00 | Baltimore and Potomac R. R. Gold ign 6! >29,12000 I Flint and Pere Marquette R.R. Ist Con. Mtge. Gd. 1920 6". $205,70000 Pittsburg, Cin., Chicago & St. L. R. R. Series F 195) &1 $438,88000 '
Boro ofChatham, Morris Co., N. J., Water (Keg.) 1917 4 45,00000 I Birmingham Belt R. R. Ist Mortgage Gold .. . 1922 4 480,00000 I Fremont, Hlkhorn and Missouri Valley R. R. . . 1933 6 184,20500 Pittsburg, Cleveland & Toledo R. R. Ist Mtge. 1922 6 12,15000
Borough of Chatham, N. J., Electric Light (keg.) 1921 4 15,00000 1 Brunswick Traction Company 1926 5 4,90000 | Indianapolis Belt R. R. and Stock Yard Co. Con. 1911 6 252,00000 Plainfiela Street Railway Co 1922 5 8,00000
Borough of Collingswood, N. J., Improvement. . 1934 4 96,42500 I Central Pacific Ry. Refunding Mortgage 1949 4 100,75000 I International and Great Northern R. R 1919 6 239,00000 Rapid Transit Street Ry. Co. of Newark, N.J. . . 1921 5 355,34000 1
Borough of Lodi, N. J., Street Improvement. . . 1927 5 13,80000 1 Chesapeake and Ohio R. R. Series A 1908 6 52,43000 Jefferson R. R. Ist Mortgage Gold 1909 5 107,64000 Reading Co. and P. &U. Coal & Iron Co. Gold . 1997 4 289,80000 I
Buffalo City, N. Y., Gas Company J947 5 120,00000 I Chic, and Alton R. R. Refunding Mortgage Gold 1949 3 299,130 00 Jersey City, Hoboken and Paterson Street Ry. . 1949 4 76,00000 Rio Grande Western Ry. Ist Mortgage 1939 4 191,10000
City of Atlantic City, N. J., Water 1925 5 295,00000 0 Chic. &E. 111. R.R. Genl. Con. Ist Mtge. (Reg.) 1937 5 25,90500 K. C., Ft. Scott & Memphis R. R. Refund'g Mtge. 1936 4 1,212,45000 Sandusky, Mansfield and Newark R. R. Ist Mtge. 1909 7 33,45000
City of Elizabeth, N. J., Adjustment 1922 4 341,70000 fl Chic. & East. Illinois R.R. General Con. Ist Mtge. 1937 5 894,18750 K. C., Memphis & Birmingham R. R. Genl. Mtge. 1934 4 260,68000 Second Avenue R. R. of New York Con 1948 5 X 111,50000 at
City of Jersey City, N. J., Assessment 1924 5 56,75000 fl Chic. & North Michigan R. R. Ist Mortgage Gold 1931 5 129,32000 Lehigh Valley Ry. of New York Ist Mtge. Gold . 1940 4 )A 133,76250 St. Louis & San Francisco R. R. Genl. Mtge. . . 1931 S"S 15,92500 112
City of Newark, N. J., Corporate (Reg.) .. . . iy)B 6 10,70000 I Chicago and St. Louis Ry 1915 6 135,72000 Lehigh Vallej; Terminal Ry. Ist Mortgage Gold '94' 5 12,82875 St. Louis & San Francisco R. R. Genl. Mtge. . . 1931 6 184,15000 *
City of Newark, N. J., Funded Debt Water .. . 1122 4 63600 B Chicago & West Michigan R.R. General Mtge. . . 1921 5 109,00000 Long Island Oity and Flushing R.W. Ist Mortgage 1911 6 16,50000 St. Louis & San Francisco R. R. Ref. Mtge. Gold 1951 4 532,50000
3 City of Newark, N. J. (Reg.) IJOS 4 200,00000 I Chic., Indianps. & Louisville Ry. Refunding Mtge. 1947 5 34,72500 Long Island R. R. Consolidated Gold 1931 5 98,07000 St. Louis, Iron Mtn. & Southern R.R., Genl. Con. 1931 5 1,055,67000
! City of Newark, N. J. (Reg.) 1905 4 50,00000 B Chic., Mil. & St.Paul R.R.,S.Minn. Div.,istMtge. 1910 6 29,83500 Long Island R. R. Consolidated Gold 1931 4 161,20000 St. Paul and Duluth R. R., 2d Mortgage 1917 5 355,34000
1 City of Orange, N. J., Sewer 1929-336 80,94000 I Chic., Mil. & St. Paul R. R..S.W. Div., Ist Mtge. 1909 6 7,61250 Louisville & Nashville S. R. R. (Monon Coll. Jt.) 1952 4 144,00000 St. Paul and Northern Pacific R. R 1923 6 424,35000
1 City of Orange, N. J., Sewerage and Drainage
jj City of Perth Amboy, N. J., School 1934 4 54,54000 Chic., Rock Island & Pacific R. R. Genl. Mtge. Gold 1988 4 470,25000 Louisville, New Albany and Chic. R. R. Ist Mtge. 1910 6 186,57500 St. Paul and Sioux City R. R., Ist Mortgage. . . 1919 6 27,06000
City of Perth Amboy, N. J., Water 1934 4 156,55000 Chic., Rock lsd.& Pacific R.R.ist&RefundingGd. 1934 4 240,62500 Midland Ry. Company of New Jersey Ist Mtge. . 1910 6 201,94000 St. Paul, Minn. & Manitoba R. R. Con. Mtge. . . 1933 6 282,21250
:i Columbus, 0., Gas Company 1932 5 199,50000 Chic., St. Louis & New Orleans R.R. Con. Gold . 1951 5 750,30000 Milwaukee and Northern R. R. Ist Mortgage . . 1910 6 132,09000 St. Paul, Minn. & Man. R. R. Con. Mtge. (Reg.) 1933 6 2,65000
Dover, N. J., Electric Light Company Ist Mtge . 1921 4 38,00000 Cliic.,St. L. & New Orleans R.R.Con.GoIJ (Reg.) 1951 5 157,38000 Minneapolis and St. Louis R. R., lowa Extension 1909 7 2,22000 St. Paul, Minn. & Man. R. R. Dakota Extension 1910 6 238,65000
Eastern Equipment Company Gold Series A. . . 1908 5 394,00000 Chicago, St. Louis and Pittsburg R. R. Gold . . 1932 5 89,68000 Mjnneapolis Union Ry. Ist Mortgage Gold .. . . 1922 5 11,22500 St. Paul, Minn. & Man. R.R. Mont. Ex. Ist Mtge. 1937 4 10,35000
Equitable Gas Light Company of New York. . 19)2 5 141,25000 Chic., St. Paul, Minn. & Omaha R.R. Con. Mtge. 1930 6 245,64000 Minneapolis Union Ry. Ist Mortgage Gold .. . 1922 6 56,25000 St. Paul, Minneapolis and Man. R. R. Ist Mtge. . 1933 4<i 439,00000
Gas and Electric Company of Bergen County . . 1949 5 343,00000 Chic.,St. Paul & Minneapolis R.R. Ist Mtge.Gold 1918 6 10,64000 Missouri Pacific Rv. Ist Consolidated Mtge. Gold 1920 6 174,46000 St. Paul, Minn.& Man.R.R.2d Mtge.fnow ist)Gd. 1909 6 105,12000
H ickensack, N. J., Water Company 1952 4 288,00000 Cincinnati, Dayton & Ironton R. R. Ist Mortgage 1941 5 100,05000 Montana Central R.R. Ist Mortgage Gold .. . . 1937 5 45,43500 Terre Haute and Indianapolis R. R. Con. Mtge. . 1925 5 23,5987$
Lackawanna Iron and Steel Company Gold .. . 1926 5 309,00000 Cin., Hamilton & Dayton Ry. Refdg. Mtge. Gold. 1954 4 705,00000 Morgans Louisiana and Tex. R.R.&S S Ist Mtge. 1918 7 498,57500 Texas and New Orleans R. R. Ist Mtge 1905 7 107,59000
Milwjukee Gas Light Company Ist Mtge. Gold 1927 4 231,25000 Cin.,lnd.,St.L.&Cluc.R.R.ist Mtge. Gold .. . 1936 4 295,80000 Morgans Louisiana and Tex. R.R. & S.S. Ist Mtge. 1920 6 42,35000 Toledo, Wal. Valley & Ohio R. R. Series A. . . 1931
New Amsterdam Gas Co. Ist Con. Mtge. Gold . . 1948 5 543,20000 Cin.,lnd.,St.L.& Chic.R.R. Ist Mtge.Gold (Reg.) 1936 4 196,95000 Nashville, Chat, and St. Louis Ry. Con. Mtge. . 1928 5 85,10-000 Toledo, Wal. Val. & Ohio R. R. Ist Mtge. Seriesß. 1933 A'A 3,25500
New Amsterdam Gas Co. Ist Con. Mtge. Gd. Reg. 1948 5 16,65000 Cleve., Cin., Chic. & St. L. R.R. Genl. Mtge.Gold 1993 4 535,300 00 Nashville, Chat, and St. Louis Ry. Ist Mtge. . . 1913 7 104,06000 Toledo, Wal. Val. & Ohio R.R. Ist Mtge.SeriesC. 1942 4 206,02500
Newark, N. J., Consolidated Gas Company . . 1948 5 545,00000 Cleve., Cin;, Chic. & St. L. R. R., St. L. Division 1990 4 168,30000 Newark Passenger Ry. Ist Mortgage 1930 5 274,74000 Trenton, N. J., Street Ry. Consolidated Mtge. . . 1938 5 123,90000
Newark, N. J., Gas Company 1944 6 25,65000 Cleveland, Columbus, Cin. & Indianapolis R. R. 1914 7 9.84000 New York, Lacka. & Western R.R. Construction 1923 5 133,80000 Trenton, N. J., Passenger Ry. Con. Mtge. .. . 1931 6 21,96000
New Jersey Zinc Company Ist Mortgage Gold . 1926 4 750,00000 Cleve.. Col., Cin. & Ind. R.R. General Con. Mtge. 1934 6 79,80000 N. Y., Lacka. and Western R. R. Term. Imp. . . 1923 4 437,75000 Union and Logansport R. R. Ist Mtge 1905 7 17,51000
Passaic, N. J., Water Company 1937 5 107,00000 Columbus and Toledo R. R. Ist Mortgage .. . . 1905 7 22,33000 N. Y.. L. E. &W.R. R. Ist Con. Mtge. Funded . 1920 7 39,90000 Union Pacific First R. R.& Land Grant 1947 4 157,50000
South Jersey Gas, Electric and Traction Co. . . 1953 5 3,090,00000 Connecticut Railway and Lighting Company . . 1951 4Ji 490,00000 Norfolk and Western R. R. General Mortgage . . 1931 6 101,08000 Union Pacific Ist Mtge. K. R. & Land Gt. (Reg.) 1947 4 161,97500
Trenton, N. J., Gas and Electric Company .. . 1949 5 376,25000 Consolidated Traction Company, N. J 1933 5 541.25000 Norfolk and Western R. R. Imp. and Extension . 1934 6 240,73000 Virginia Midland Ry. Ist Mtge. Series B 1911 6 44,400 00
United States Government Bonds (Registered) . 1907 4 105,37500 Detroit, G'dßapids&Western R.R. istCon.Mtge. 1946 4 141,00000 North Hudson County Ry. N. J 1914 6 11,60000 Virginia Midland Ry., Series C 1916 6 296,15000
Virginia Century Funded Debt of the State of Va. 1991 3 53,35000 East Tenn., Va. and Georgia Ry. Con. Mtge.Gold 1956 5 496,10000 North Jersey Street Ry. Co 1948 4 335,28625 Western New York & Penn. R. R. Ist Mtge. .. . 1937 5 591,02500
Westchester Lighting Company Ist Mtge. Gold . 1950 5 945,28000 East Tenn., Va. and Georgia Rv. Div. Mtge. Gold 1930 5 52,44000 Oswego and Rome R. R. 2d Mortgage Gold .. . 1915 5 108,50000 West Jersey & Sea Shore R. R. Ist Con. Mtge. . . 1936 3# 240,00000
W. U. Tel. Co. Funding & Real Estate Mtge. Gold 1950 4 'A 103,00000 Elizabeth, Plainf.eld and Central Jersey Street Ry. 1950 5 97,00000 Pacific Railroad of Missouri Extended Gold .. . 1938 4 100,98000 West Shore R. R 2361 4 64,80000
Atch., Top. & Santa Fe Ry. Gen. Mtge. Gold Reg. 1995 4 71,48750 Erie Ry. Consolidated Mortgage Gold 1920 7 243,88000 Pere Marquette R. R. Consolidated Gold .... 1951 4 2,585,00000 Wisconsin Central Ry. Ist Series Con. Mtge. . . 1909 5 30,56937
Atchison, Topeka & Santa Fi Ry.Gen. Mtge.Gold. 1995 4 512,50000 Essex Passenger Ry. Consolidated Mortgage . . 1905 6 11,11000 Philadelphia Si Reading R. R. Con. Mtge. Gold . 1911 7 89,30000
Baltimore and Ohio R. R 1948 4 350,37750 Evansville&TerreHauteß.R. istCon.Mtge. Gold 1921 6 123,00000 Pittsburg, Cin., Chic.&St.L. R.R. Mtge. Series A 1940 4% 556,76000 - $37,938,16787
Baltimore and Ohio R. R. Prior Lien Gold. . . . 1925 3 }A 383,00000 Flint and Pere Marquette R. R. Con. Mortgage . 1939 5 234,08000 Pittsburg, Cin., Chic. & St.L. R.R. Mtge. Series B 1942 4% 203,17250
NZL£S". THE. PRUDENTIAL INSURANCE»COMPANY OF AMERICA ~ X ,
Incorporated • Stack Company by tha State af Naw Jaraay '
OFFICERS: .
JOHN F. DRYDEN, President LESLIE D. WARD, Vice President EDGAR B. WARD, 2d Vice President FORREST F. DRYDEN, 3d Vice President WILBUR S. JOHNSON, 4th Vice President and Comptroller. V'Nfc
JACOB E. WARD, Counsel. EDWARD KANOUSE, Treasurer. ! EDWARD GRAY, Secretary. V *«' T. C. E. BLANC HARD, Supt of Real Estate. F. C. BLANCHARD, Supervisor Loan Dipt | U).
JOHN K. GORE, Actuary. VALENTINE RIKER, Asst. Secretary. WILLARD I. HAMILTON, Asst Secretary. HENRY OvERGNE, Asst. Secretary. GEORGE W. MUNSICK, Asst. Secretary. '■/ ■ :
EDWARD H. HAMILL, Medical Director. ROBERT L. BURRAGE, Medical Director. FREDERIC A. BOYLE, Cashier. FREDERICK H. JOHNSTON, Associate Actuary. WM. PERRY WATSON, Assistant Medical Director.
FREDERICK L. HOFFMAN, Statistician. GEORGE H. KIRKPATRICK, Assistant Actuiry. GEORGE B. SPEER, Supervisor Ordinary Agencies. GEORGE W. GORE, Supervisor.
■ J "■ ■ - 1
0. R. SHILLING, Asst. Supt., Room 1 Brown B'Pd'g., Mill and Penn Sts.
Jasper B. Gearhart, Special Agt., Ordinary Department, 110 Bloom St.