Crocker-Langley San Francisco directory for the year commencing 1896, Part 370

Author:
Publication date: 1896
Publisher: San Francisco : H.S. Crocker Co.
Number of Pages: 2032

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Note: The text from this book was generated using artificial intelligence so there may be some errors. The full pages can be found on Archive.org (link on the Part 1 page).

Charles A., driver Mouret, Ghirardelli & Co., r. 1816 Mason

Henry, interior decorator, r. 621, 24th

L. A. Mrs. (Koster & Zwick), r. 1816 Mason Zwicker Eldridge G., clerk, r. 2212 Franklin Elizabeth, widow, r. 221/2 Franklin

Frederick, clerk L. & M. Alexander & Co., r. 2212 Franklin

Zwieg Herman, proprietor South Park Malt House, 610 Brannan, r. 2597 Howard Zwierlein Casper, architect and builder, 1612 Grove

Zwillinger Isador, tailor, r. 421B Natoma Zwisler Charles E., salesman L. Dinkelspiel & Sons, r. Placerville, Cal.

George A., salesman J. S. Hare & Co., r. 1310 Mission

Zwissig Annie, widow, r. NE cor San Bruno Av and 15th Av South

John, liquors, W s Mission opp. Silver Av Joseph, dairyman, r. Marshall nr Congdon Louis, dairyman, 16th Av South nr G Zyn August, seaman, r. 39 Pacific

Zyplett Ernest, seaman, r. Sailor' Home

The Bulletin

PRINTS THE NEWS TWELVE HOURS AHEAD OF THE MORNING PAPERS. TELEPHONE MAIN 926.

Office, 1004 MARKET STREET. Near Powell St. Telephone South 420.

UNITED STATES LAUNDRY ASS'N,

1668 ZIT

CROCKER-LANGLEY DIRECTORY.

Bank

and

Insurance Department

Giving Names of Officers and Directors and Particulars of the Prominent Banks and Insurance Companies doing Business in San Francisco

For the Year Beginning May 1st 1896

1670

BANK AND . INSURANCE DEPARTMENT.

THE

Bank of California

SAN FRANCISCO

Capital, .

$3,000,000 00

Surplus and Undivided Profits, Jan. 1, 1896, . 3,097,434 39

President WILLIAM ALVORD . Vice-President CHARLES R. BISHOP

THOMAS BROWN Cashier S. PRENTISS SMITH Assistant Cashier IRVING F. MOULTON Second Assistant Cashier

ALLEN M. CLAY

Secretary

CORRESPONDENTS :

NEW YORK [ THE BANK OF NEW YORK, N. B. A.

MESSRS. LAIDLAW & Co.

VIRGINIA CITY. AGENCY OF THE BANK OF CALIFORNIA

BOSTON . TREMONT NATIONAL BANK

UNION NATIONAL BANK

CHICAGO

ILLINOIS TRUST AND SAVINGS BANK

BOATMEN'S BANK

ST. LOUIS NATIONAL BANK OF THE REPUBLIC PHILADELPHIA

AUSTRALIA AND NEW ZEALAND .. BANK OF NEW ZEALAND

MESSRS. N. M. ROTHSCHILD & SONS

LONDON

CHINA, JAPAN, INDIA AND AUSTRALIA

CHARTERED BANK OF INDIA, AUSTRALIA AND CHINA

The Bank has an Agency at Virginia City and Correspondents in all the prin- cipal Mining Districts and Interior towns of the Pacific Coast. Letters of Credit issued, available in all parts of the world.

DRAW DIRECT ON

London, Dublin, Paris, Berlin, Bremen, Hamburg, Frankfort O .- M., Copenhagen, Stockholm, Christiana, Locarne, Genoa, all cities in Italy and Switzerland, Melbourne, Sydney, Auckland, Hongkong, Shanghai, Yokohama, Salt Lake, Denver, New Orleans, Cincinnati, Portland, Or., Los Angeles.

1671

BANK AND INSURANCE DEPARTMENT.

THE

Anglo-Californian Bank

(LIMITED)

London Office,

San Francisco Office,

N. E. Cor. Sansome and Pine Streets

Authorized Capital Stock, $6,000,000

Subscribed,

3,000,000

Paid in,

1,500,000

Surplus and Undivided Profits, .

750,000

Remainder Subject to Call.

DIRECTORS IN LONDON

E. H. LUSHINGTON, JOSEPH SEBAG, J. SIMON

HON. H. H. FOWLER, ISAAC SELIGMAN

J. SIMON, MANAGING DIRECTOR (LONDON)

CORRESPONDENTS AND AGENTS

J. & W. SELIGMAN & Co.,

MASSACHUSETTS NATIONAL BANK,

CENTRAL NATIONAL BANK, .

FOURTH STREET NATIONAL BANK,

PHILADELPHIA

MERCHANTS' LOAN AND TRUST CO ..

MISSOURI NATIONAL BANK, CHICAGO

NATIONAL BANK OF COMMERCE,

KANSAS CITY ST. LOUIS

OHIO VALLEY NATIONAL BANK,

CINCINNATI

BANK OF MONTREAL,

CHICAGO

SELIGMAN, FRERES & CIE,

PARIS

GEBRUDER MEYER,

FRANKFORT

M. M. WARBURG & Co.,

BERLIN

D. B. ADLER & CO.,

HAMBURG

OESTERREICHISCHE CREDIT ANSTALT,

. VIENNA

BANQUE DE LA SUISSE ITALIENNE,

NIEDERSAECHSISCHE BANK, LOCARNE

BANCO NACIONAL DE MEXICO BRANCHES. BISHOP & Co.,

BREMEN MEXICO

DENVER NATIONAL BANK.

DENVER, COL.

NEBRASKA NATIONAL BANK,

OMAHA, NEB.

China, Japan and East Indies : CHARTERED BANK OF INDIA, AUSTRALIA AND CHINA.

Australia and New Zealand :

BANK OF AUSTRALASIA AND BRANCHES.

UNION BANK OF AUSTRALIA

Bills of Exchange, Commercial and Travelers' Letters of Credit Issued, Collections Made, and Stocks, Bonds and Bullion Bought and Sold on most favorable terms.

MANAGERS IN SAN FRANCISCO :

IGNATZ STEINHART P. N. LILIENTHAL

NEW ORLEANS

BANK OF MONTREAL,

BRITISH COLUMBIA AND CANADA

SELIGMAN & STETTHEIMER,

NEW YORK . BOSTON PHILADELPHIA

STATE NATIONAL BANK,

COPENHAGEN

HONOLULU, H. I.

18 Austin Friars

1672

BANK AND INSURANCE DEPARTMENT.

London and San Francisco Bank

( LIMITED )

424 CALIFORNIA STREET

Authorized Capital, =

$3,500,000

Capital Subscribed and Fully Paid,

2,450,000

Reserve Fund,

375,000

DIRECTORS

GEORGE WILLIAM CAMPBELL, ESQ . . . of Messrs. Finlay, Campbell & Co. HENRY GOSCHEN, ESQ . of Messrs. Fruhling & Goschen CHARLES HEMERY, ESQ . . Director of London and River Plate Bank, Limited WILLIAM NEWBOLD, ESQ . Director of Mexican Railway Co., Limited

ROBERT RYRIE, ESQ . Director of London Joint Stock Bank, Limited

NORMAN DUNNING RIDEOUT, ESQ Banker, Marysville

Managing Director

Head Office: 73 Lombard St., London

LONDON BANKERS

Bank of England

London Joint Stock Bank, Limited

PORTLAND BRANCH :

Chamber of Commerce Building

WILLIAM MACKINTOSH, Manager

TACOMA BRANCH :

T. V. WALTER, Manager

1156 Pacific Avenue

This Bank is prepared to issue Commercial and Travelers' Letters of Credit, available throughout the world, and to transact every description of

BANKING AND EXCHANGE BUSINESS

Draws on all the principal cities on the Continent of Europe, on India, China and Japan, Australia, New Zealand, Scotland and Ireland.

AGENTS AND CORRESPONDENTS :

New York Messrs. J. P. Morgan & Co.

Philadelphia Messrs. Drexel & Co.

Boston

Third National Bank

Chicago

. Union National Bank

and in all the principal cities in the United States.

India, China and Japan . Chartered Bank of India, Australia and China

Bank of New South Wales

Union Bank of Australia, Limited

Australia and New Zealand

(National Bank of New Zealand, Limited

Correspondents also in MEXICO, SOUTH AMERICA, CUBA and AFRICA.

ARTHUR SCRIVENER, Manager. WILLIAM STEEL, Ass't Manager GUSTAV FRIEDERICH, Cashier

ROBERT DAVIE PEEBLES, ESQ.

1673

BANK AND INSURANCE DEPARTMENT.

THE Donohoe-Kelly Banking Co.

Successors to DONOHOE, KELLY & CO.

BANKERS

N. E. COR. MONTGOMERY AND SUTTER STREETS SAN FRANCISCO

Authorized Capital,

$1,000,000

Paid=up=Capital, = =

650,000

ADAM GRANT, · President JOSEPH A. DONOHOE,. Vice-President JAMES A. THOMPSON, . Cashier

EDWARD DONOHOE, Assistant Cashier

DIRECTORS

ADAM GRANT

JOSEPH A. DONOHOE

JOHN BERMINGHAM GEORGE WHITTELL

C. DE GUIGNE

EUGENE KELLY

IRVING M. SCOTT

B. F. DUNHAM

HOWARD HAVENS

E. DONOHOE

CORRESPONDENTS.

New York, Eugene Kelly & Co., Bank of New York, N. B. A .; Chicago, The Hibernian Banking Association ; Boston, Third National Bank; Portland, Or., The First National Bank.

Sell Bills of Exchange and Telegraphic Transfers on Bank of New York, N. B. A., New York, the Consolidated Bank Limited, London; Bank of Ireland, Dublin; Comptoir National d'Escompte de Paris, Paris, and principal cities in Germany.

Issues Letters of Credit available in the United States and Europe, and trans- acts a general Banking and Collection Business.

1674

BANK AND INSURANCE DEPARTMENT.

San Francisco Savings Union

532 California Street

Corner Webb Street,

SAN FRANCISCO, CAL.

Deposits, December 31, 1895,

$24,202,327

Paid up Capital and Surplus, $1,575,631

DIRECTORS

ALBERT MILLER, President

ROBERT WATT

E. B. POND, Vice-President

GEO. W. BEAVER

THOMAS MAGEE

GEO. C. BOARDMAN

D. E. MARTIN. W. C. B. DE FREMERY

PHIL. BARTH

LOVELL WHITE,

CASHIER

Loans Upon San Francisco and Oakland Real Estate and Farms and Farming Lands in the Country

RECEIVES DEPOSITS

Country Remittances may be sent by Wells, Fargo & Co., or by checks of reliable parties, payable in San Francisco, but the responsibility of this Savings Bank com- mences only with the actual receipt of the money. The signature of the depositor should accompany the first deposit.

No Charge is Made for Pass-Book or Entrance Fee

OFFICE HOURS,

9 A. M. to 3 P. M. Saturday Evening, for receipt of Deposits only, 6.30 to 8.

1675

BANK AND INSURANCE DEPARTMENT.

The e German Savings and Loan Society

. 526 California Street

Guaranteed Capital $1,200,000

Capital Actually Paid=up in Cash $1,000,000

Reserve Fund $715,000

Office Hours from 9 A. M. to 3 P. M. Extra Hours on Saturdays from 7 to 8 P. M. for receiving deposits only.

Loans Made on Real Estate and other

Collateral Security at Current Rates of Interest

B. A. BECKER . . President

EDWARD KRUSE . . Vice-President

GEORGE H. EGGERS. . Second Vice-President

A. H. R. SCHMIDT . Cashier

WILLIAM HERRMANN . . "Assistant Cashier

GEORGE TOURNY . . Secretary

A. H. MULLER . . Assistant Secretary

W. S. GOODFELLOW . Attorney

BOARD OF DIRECTORS

EDWARD KRUSE

O. SCHOEMANN

IGN. STEINHART

GEORGE H. EGGERS

DANIEL MEYER

H. HORSTMANN

B. A. BECKER

A. C. HEINEKEN

N. VAN BERGEN

THE GERMAN SAVINGS & LOAN SOCIETY

DEUTSCHE SPAR&LEIH BANK

1676

BANK AND INSURANCE DEPARTMENT.

SAVINGS AND LOAN SOCIETY

INCORPORATED JULY 23, 1857. 101 MONTGOMERY STREET, Cor. of Sutter (Formerly 619 Clay Street) SAN FRANCISCO, CAL.

Guaranteed Capital and Reserve Fund, $1,175,000

The Oldest Savings Bank in the State

Term and Ordinary Deposits Received

DIRECTORS

S. C. BIGELOW ISAAC HYDE HORACE DAVIS

ARTHUR A. SMITH

G. E. GOODMAN F. H. WOODS A. N. DROWN

E. C. BURR

W. E. DAVIS

OFFICERS

S. C. BIGELOW

President

ARTHUR A. SMITH

Vice-President

CYRUS W. CARMANY

Cashier and Secretary

EDWIN BONNELL

Ass't Cashier

A. N. DROWN

Attorney

Deposits from the interior or from any part of the United States or Europe may be sent by ex- press, or by drafts on any business or banking house ; but in no case will the corporation be liable . for their safe delivery.

Interest or principal sent to the interior or any part of the United States or Europe, on receipt of the proper order, accompanied by the pass-book.

Deposits received of $1 and upwards. The signature of the depositor should accompany the first deposit. No charge is made for pass-book or entrance fee.

Dividends not drawn will be considered as deposits made on the first of the month in which the dividends may be payable.

Loans made at lowest rates on approved collaterals and on City and Country Real Estate.

SAVINGS OCIETY

1677

BANK AND INSURANCE DEPARTMENT.

The First National Bank

OF SAN FRANCISCO, CAL.

N. W. Corner Bush and Sansome Streets .

Paid-up Capital =

$1,500,000

Surplus -

900,000

Undivided Profits - =

100,000

S. G. MURPHY

President

JAMES MOFFITT

Vice-President

JAMES K. LYNCH Cashier

J. K. MOFFITT

Assistant Cashier

S. G. Murphy

Geo. A. Low

Thos. Jennings

DIRECTORS -

James Moffitt Geo. C. Perkins

James D. Phelan

N. Van Bergen

J. A. Hooper

J. Downey Harvey

A GENERAL BANKING BUSINESS TRANSACTED

Commercial and Travelers' Credits Issued, available in all parts of the World

Safe Deposit Department

Steel Safes rented from $5.00 a year upwards. Trunks and Packages stored at reasonable rates. Absolute security for valuables.

Prompt and Careful Attention to Customers OFFICE HOURS : 8 A. M. TO 6 P. M.

1678

BANK AND INSURANCE DEPARTMENT.

ESTABLISHED IN 1836

The Bank of British North America

INCORPORATED BY ROYAL CHARTER.

· PAID UP CAPITAL, RESERVE FUND, -

$4,866,500

1,338,000

HEAD OFFICE, 3 CLEMENT'S LANE, LONDON, ENGLAND

SAN FRANCISCO AGENCY

NO. 120 SANSOME STREET

COMMERCIAL AND TRAVELING CREDITS ISSUED

For use in Europe, China, Japan, the East Indies, South America and Australia. Demand and time Bills of Exchange, payable in London, and elsewhere, bought and sold at current rates; also Telegraph Transfers. Demand Drafts on Scotland and Ireland; also on Canada, New York, Chicago, British Columbia, Australia and New Zealand. Bills collected and other Banking Business transacted. Interest allowed on special deposits.

H. M. J. MCMICHAEL! J. R. AMBROSE

AGENTS

The Sather Banking Co. S. E. Corner Pine and Sansome Streets SAN FRANCISCO

CAPITAL,

$1,000,000

OFFICERS

ALBERT MILLER . . . Vice-President L. I. COWGILL .

DIRECTORS

Albert Miller

E. A. Bruguiere

W. P. Johnson

Victor H. Metcalf

Frank W. Sumner

Jas. K. Wilson

C. S. Benedict

SELL BILLS AND TELEGRAPHIC EXCHANGE ON

J. P. MORGAN & CO. New York. Philadelphia.

DREXEL & CO. NATIONAL BANK OF THE COMMONWEALTH Boston.

CONTINENTAL NAT'L BANK, Chicago.

MECHANICS' BANK,

St. Louis.

Make collections in all parts of the United States. Issue Letters of Credit on MESSRS. BROWN, SHIPLEY & Co., London. MESSRS. MORGAN, HARJES & Co., Paris, which are exchangeable for Travelers' Credits, available in all parts of the world. Also draw Exchange on London, Paris, Ham- burg, Cologne, Berlin, Bremen, Cassel, Frankfort on Main, Leipsic, Stuttgart and Basle.

JAS. K. WILSON . . . President

. . Cashier

1679

BANK AND INSURANCE DEPARTMENT.

The Hibernia Savings and Loan Society

INCORPORATED 12TH APRIL, 1859

OFFICE, COR. MARKET, McALLISTER AND JONES STS. SAN FRANCISCO

The objects for which this Association is formed are, that by its operations the Depositor thereof may be able to find a

Secure and Profitable Investment for Small Savings

And Borrowers may have an opportunity of obtaining from it the use of a moderate capital, on giving good and sufficient security for the use of the same.

OFFICERS

President

JAMES R. KELLY

Secretary and Treasurer

ROBERT J. TOBIN

Attorneys TOBIN & TOBIN

Any person can become a depositor of this Society on subscribing to the By-Laws.

Deposits can be made from $1 up to $4,000. Loans made on Security of Real Estate within the City and County

JAS. D. PHELAN, President.

S. G. MURPHY, Ist Vice-President.

JOHN A. HOOPER, 2d Vice-President Di:GEO. A. STORY, Cashier.

Mutual Savings Bank

OF SAN FRANCISCO

- 33 POST STREET, Mechanics' Institute Building

Guaranteed Capital,

$1,000,000

DIRECTORS

JAMES D. PHELAN C. G. HOOKER FRANK J. SULLIVAN

S. G. MURPHY L. P. DREXLER

JOS. D. GRANT

JOHN A. HOOPER JAMES MOFFITT ROBT. MCELROY

INTEREST PAID ON TERM AND ORDINARY DEPOSITS

LOANS ON APPROVED SECURITIES

1680

BANK AND INSURANCE DEPARTMENT.

H. M. NEWHALL & Co .-

Shipping and Commission Merchants

-AND

Fire and Marine Insurance Agents

309-311 Sansome Street

Atlas Assurance Company

of London, England

Capital = = $6,000,000

Ocean Marine Insurance Company ( Limited )

of London, England

Capital, =

= $5,000,000

London Assurance Corporation

Marine Department

Capital, = = $ 4,482,750

Surplus, =

= = 18,859,624

1681

BANK AND INSURANCE DEPARTMENT.

SOLID FIRE ASSETS, $11,055.513.88 CASH CAPITAL - $4,000,000.00

LARGEST INSURANCE COMPANY IN AMERICA ! NONE BETTER IN THE WORLD!

$1,600,000 paid in a Single Fire at Boston. $3,782, 600 paid in a Single Fire at Chicago Losses Paid in 77 Years Over $77,313,153

INSURE WITH THE

ÆTNA

OF HARTFORD CONN.

THE LARGEST CAPITAL ! THE LARGEST ASSETS THE LARGEST SURPLUS OF ANY AMERICAN COMPANY

GEO. C. BOARDMAN, Gen'l Agent T. E. POPE, Asst. Gen'l Agent

LOUIS MEL, E. C. MORRISON, W. L. GAZZAM,

Special Agents and Adjusters

514 CALIFORNIA STREET SAN FRANCISCO, CAL.

SOLID SECURITY

Writing Large Lines of Desirable Business

THE

PALATINE Insurance Company, Ld.

OF MANCHESTER, ENGLAND

RESOURCES, - (Security to Policy Holders,) over - $9,300,000.00

U. S. Branch Statement Assets, December 31, 1895, $2,836,236.28 PACIFIC COAST DEPARTMENT

CHAS. A. LATON, Manager

439 California Street San Francisco SAFE DEPOSIT BUILDING

LOCAL BOARD OF DIRECTORS S JOHN H. WISE, Chairman LLOYD TEVIS WM. E. BROWN E. M. ROOT

1682

BANK AND INSURANCE DEPARTMENT.

British America

ASSURANCE COMPANY

OF TORONTO

INCORPORATED 1833

Assets in United States $1,180,219 52

Income in United States in 1895 1,210,194 59

Losses Paid in U. S., 1874 to 1895 inclusive 8,355,659 50

H. M. GRANT, Manager

C. A. STUART, Ass't Manager

423 California Street -

San Francisco

FIRE

Western MARINE

ASSURANCE COMPANY

OF TORONTO INCORPORATED 1851

Assets in United States $ 1,651,129 98

Income in United States in 1895 1,864,033 23 Losses Paid in U. S., 1874 to 1895 inclusive . . 14,269,797 30

H. M. GRANT, Manager C. A. STUART, Ass't Manager

423 California Street - San Francisco

1683

BANK AND INSURANCE DEPARTMENT.

1845

THE I896

Mutual Benefit Life

INSURANCE CO. OF NEWARK, N. J.

AMZI DODD, President.

ASSETS (January 1, 1896.)

$58,269,197.06

DIVIDENDS Paid Policy Holders Since

Organization $46,908,415.37

ANNUAL DISTRIBUTION of Surplus. Large Dividends Payable at the End of the First and each Succeeding Year

Advantages Guaranteed in the New Policy.

AFTER SECOND YEAR A Liberal Cash Surrender Value. Cash Loans made up to the Cash surrender value, on Assignable Policies. Policies ABSOLUTELY NON-FORFEITABLE and INCONTESTABLE.

A DOLLAR'S WORTH OF INSURANCE FOR EVERY DOLLAR

Members unable to Continue Payments do not forfeit their Policies,

Insurance Continued until FULL VALUE of Policy is Exhausted. See Example on Page 7.

SPECIMEN POLICIES FURNISHED ON DEMAND The Best Contract Ever Offered. See strong points and premium rates on following pages.

JAS. MUNSELL, JR., Manager, 415 Montgomery Street, San Francisco, Cal.

1684

BANK AND INSURANCE DEPARTMENT.

THE NEW POLICY OF THE

Mutual Benefit

Life Insurance Company

IS UNEQUALED IN ITS ADVANTAGES TO THE

POLICY HOLDER,

WHICH ARE NOT COMBINED IN THE POLICIES OF ANY OTHER COMPANY.

Large Annual Dividends, which may be used in Cash Reduc- tion of Premiums, or applied to the purchase of paid-up participating Insurance payable with the Policy.

Equitable Surrender Values which are indorsed on the Policy, so that the insured can stop paying Premiums without loss by for- feiture.

1. A Liberal Cash Surrender Value.

2. Extended Insurance .in the full amount of the Policy for as long a period as the value of the Policy will pay for at low term rates.

3. A Paid-up Policy for a reduced amount payable when- ever death occurs.

Cash Loans are made up to the Cash Surrender Value when a satisfactory assignment of the Policy is made as collateral security. The Insured may thus prevent the lapse of the Policy if he happens to be short of funds ; or he may secure a cash loan to meet any sudden emergency.

If the insured forgets to pay a Premium on the day it is due, his insurance is continued in force by the Company without action on his part. If he is well, he has three years' time in which to revive the Policy by payment of arrears of Premiums with interest; while if he is sick, or unable to pay the Premium, he is protected by his Extended Insurance.

See example of a lapsed Policy extended and paid in full in Alameda, Cal., on 7th page of this Circular.

Policies are Incontestable after the Second Year.

See Illustration, Opposite Page.

1685

BANK AND INSURANCE DEPARTMENT.

ILLUSTRATION

OF THE

SPECIMEN TABLE INDORSED

-ON A-

$10,000 POLICY,

Issued on the Ordinary Life Plan, at Age 30.

PREMIUM $260.

AT END OF YEAR.

GUARANTEED CASH SURRENDER OR LOAN VALUE.

IN CASE OF LAPSE OF POLICY.

EXTENDED INSURANCE.

PAID-UP POLICY.

YEARS.

DAYS.

$ 100 40

$ 540

206 70

810

4th

317 20

104

1,080

5th

432 00

146

1,340

6th

551 20

179

1,610

7th

675 00

194

1,870

8th

803 40

180

2,140

9th

936 60

I35

2,400

Ioth

1,074 50

. 46

2,660

IIth

1,217 20

286

2,910

1 2th

1,364 60

II.

I24

3,160

13th

1,516 70

290

3,410

14th

1,673 40

.59

3,660

15th

1,834 30

163

3,900

20th

- 2,695 90

319

5,020

25th

3,630 80

6,000

30th

4,599 10

328.

6,820

35th

5.549 00

I39

7,490

40th

6,431 70

264

8,Q20.

On other Plans the Value and Extension are very much greater.

Annual Dividends Allowable in Cash Reduction of Premiums.

Future dividends cannot be guaranteed, but on the basis of the dividends payable in 1896 the Cash Premium the second year would be about $211.00, with probable decrease in subsequent years.

SEE ACTUAL RESULTS OF OLD POLICIES ON FOLLOWING PAGES.

BANK AND INSURANCE DEPARTMENT.

1686

ACTUAL RESULTS

OF POLICIES IN THE Mutual Benefit Life Insurance Co. of Newark, N. J.

Record of Policy No. 81,437.

Issued in 1875, at age 40, for $10,000-Ordinary Life Plan.

Annual Premium, -

$308.40

21 Full Premiums, -

$6,476.40

Dividends to Date, 1,722.50

Paid by Insured, - $4,753.90

The Cash Surrender Value of the Policy at the end of the 21st year is $3,481.80; making the Actual Cost of the Insurance, $1,272.10, or $6.06 per year for each $1,000 of Insurance.

Paid-up Policy Value, $5,630. Extended Insurance Value, 10 years, 314 days.

Record of Policy No. 81,420.

Issued in 1875, at age 30, for $5,000-20 Payment Life Plan.

Annual Premium, $151.35

20 Full Premiums, - $3,027.00

Dividends to Date, 789.05

Net Cost to Date,

$2,237.95

The Cash Surrender Value of the Policy at the end of the 21st year is $2,158.45 ; making the Actual Cost of the Policy $79.50, or $0 78 per year for each $1,000 of Insurance.

BANK AND INSURANCE DEPARTMENT.

1687

ACTUAL RESULTS

OF POLICIES IN THE Mutual Benefit Life Insurance Co. of Newark, N. J.

Record of Policy No. 81,784.

Issued in 1875, at age 40, for $10,000-10 Payment Life Plan.

Annual Premium, - -

$589.40

IO Full Premiums,

$5,894.00

Dividends to Date, 1,837.50

Net Cost to Date, -

$4,056.50

The Cash Surrender Value of the Policy at the end of the 2Ist year is $5,605.90; the result being that the Insured would receive $1.38 for each $1.00 paid, besides having had 21 years' Insurance for $10,000.

Record of Policy No. 82,903.

Issued in 1875, at age 30, for $5,000-20 Year Endowment Plan.

Annual Premium, -

$242.40

20 Full Premiums,

$4,848.00

20 Dividends, - 1,159.30

Net Cost,

$3,688.70

The Insured receives $1.36. for each $1.00 paid, besidc. having had 20 years' Insurance for $5,000.

1688

BANK AND INSURANCE DEPARTMENT.

THE MUTUAL BENEFIT LIFE INSURANCE COMPANY.

Net Cost and Present Value of Policies Issued at Various Times SINCE ORGANIZATION.

1845. STEPHEN P. LEEDS of San Francisco, Cal., Policy No. 151, issued in 1845, at age 32, for $2,000, annual Premium $50. Total premium to date, $2,550, and total dividends, $1,419.10, making a net cost of $1,130.90. The Company would now extend Mr. Leeds' insurance for 4 years and 331 days without further payment, thus giving over 55 years' in- surance at an average annual cost of $10.11 per thousand. The Company will now issue a paid-up Policy for $1,746, or allow in cash for the surrender of the Policy $1,559.42, which is $428.52 more than the net cost of the Policy. Net cost of Policy in 1895-$15.70. See detailed statement, opposite page.

1855. JOHN WEEKS, insured at Buffalo, N. Y., in 1855, Policy No. 10,852, age 33, for $5,000, annual premium $128.50. Total premiums to date, $5,268.50, and total dividends, $2,583.80, making a net cost of $2,684.70. The Company would now extend Mr. Weeks' insurance 8 years and 68 days from December 1, 1895, without further payment-thus giving nearly 49 years' insurance at an average annual cost of only $10.91. per thousand, or allow a cash surrender value of $3,163.30, which is $478.60 . more than the net cost of the Policy, or a paid-up Policy for $4,000 would be allowed if desired. Net cost of Policy in 1895-$54.85.

1865. JUDGE CHARLES H. BELKNAP, of Carson City, Nevada, Policy No. 30,070, issued in 1865, at age 23, for $5,000, annual premium $96.50. Total premiums to date, $2,991.50, and total dividends, $1,189.46, making a net cost of $1,802.04. The Company would now extend Judge Belknap's insurance 15 years and 217 days without further payment, thus giving over 46 years' insurance at an average annual cost of only $7.73 per thousand, or the Company would now allow a paid-up Policy of $3,065, or a cash surrender value of $1,648.40. Net cost of Policy in 1896-$51.65.

1875. HON. GROVER CLEVELAND, insured at Buffalo, N. Y., Policy No. 81,166, issued in 1875, at age 38, for $5,000, annual premium $143.70. Total premiums to date, $3,017.70, and total dividends, $800.90, making a net cost of $2,216.80. The Company would now extend Presi- dent Cleveland's insurance II years and 238 days, thus giving over 32 years' insurance at an average annual cost of only $13.58 per thousand, or the Company would now allow a paid-up Policy of $2,735, or a cash surrender value of $1,617.65. Net cost of Policy in 1895-$95.85.

NOTE .- In some of the above cases the Company has made loans on the Policies, which would have to be paid off before the FULL value named could be allowed.

1689

BANK AND INSURANCE DEPARTMENT.

THE MUTUAL BENEFIT LIFE INSURANCE COMPANY

EXAMPLE OF AN ORDINARY LIFE POLICY

No. 151, issued in 1845, for $2,000, at age 32. Life of Stephen P. Leeds, of San Francisco.

Contract Premium $50. annually, during life. Dividends allowed in reduction of Premiums.

YEAR. | DIVIDEND.

COST OF POLICY.

YEAR.

DIVIDEND.

COST OF POLICY.

YEAR.

DIVIDEND.

COST OF POLICY.

1845

$50 00

1862

$22 50

$27 50

1879

$43 66

$6 34

1846

50 00

1863

22 50

27 50

1880

44 84

5 16

IS47

50 00

1864

25 00

I881

46 00

4 00

1848

50 00

11865

25 00

I882

3I 90

18 IO

1849

$17 50

32 50

1866

25 00

1883

25 80

24 20

1852

15 00

35 00

1869

25 00

1886

29 54

20 46

1853

16 00

34 00

1870

25 00

I887

30 04

19 96

1855

17 50

32 50

1872

35 50

14 50

I889

32 40

17 60

1856

17 50

32 50

I873

37 00

13 00

1890

32 90

17 10

1857

17 50

32 50

1874

38 00

12 00

I891

33 40

16 60

1858

17 50

32 50

1875

*76 00

1892

33 90

16 10

1859

17 5

32 50

I876

40 00

10 00

1893

34 40

15 60

1860

17 50

32 50

1877

41 24

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Crocker-Langley San Francisco directory for the year commencing 1896, Part 370

Author: Publication date: 1896 Publisher: San Francisco : H.S. Crocker Co. Number of Pages: 2032

Author:
Publication date: 1896
Publisher: San Francisco : H.S. Crocker Co.
Number of Pages: 2032