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About Morning Oregonian. (Portland, Or.) 1861-1937 | View Entire Issue (Feb. 28, 1905)
It TRONGER FINANCIALLY, AND IN THE CONFIDENCE OF THE PUBLIC, THAN EVER BEFO 4 If. t A YEAR OF GREATEST GAINS IN PROGRESS, SECURITY AND USEFULNESS: THE MORNING; OREGONIAN, TUESDAY, EBKTJARY. 28, 190. Prudential nt SLST- a&. Txt. ? 1 ' XZ Number of Policies in force, nearly 6 Minion Increase in Number of Policies in force, over ., One-half MilSion TWENTY-NINTH - ANNUAL STATEMENT, JANUARY V1905. 0 ' ASSETS. . . . .".$10,582,977.19 BONDS ATTO MORTGAGES . . . . 8300 All First Liens on Property, valued at REAL ESTATE owned by the Company . . RAILROAD BONDS . . ... ' . . 5 MUNICIPAL AND MISCELLANEOUS BONDS ! : -UNITED STATES GOVERNMENT BONDS . .' . , NATIONAL BANK AND TRUST COMPANY STOCKS " ; . Total Market Value of above Bonds and Stocks ........ f . $12,128,567.87 Total Cost Value of above Bonds and Stocks ......... , 40,697,570.44 Increase in Value op Bonds and Stocks over Cost . . 1 $2,430,997.43 CASH IN 259 BANKS AND TRUST COMPANIES through out the United States, and cash in office (56,154,811.25 . on Interest) INTEREST AND RENTS, due and accrued . . LOANS ON COLLATERAL SECURITIES ... - Bonds and Stocks, having Market Value o $ 7;549,822.00 ' Excess of Market Value over amount Loaned, Bhowingargin of security of 1,884,222.00 LOANS TO POLICYHOLDERS ....... On the security of their Policies the Beserve Value on their Policies being . . $ 4,427,238.00 SEMI-ANNUAL AND QUARTERLY PREMIUMS not yet due, and Premiums in course of collection (Reserve charged in Liabilities) .......... $15,682,358.73 12,494,957.86 27,681,596.87 10,141,196.00 105,375.00 4,200,400.00 6,832,683.09 641,775.85 5,665,100.00 2,427,950.12 2,888,911.65 TOTAL ASSETS LIABILITIES. RESERVE, Legal and Special : Amount held to protect Policy Contracts. ALL OTHER LIABILITIES ....... Policy Claims, including those in process ot adjustment ; Premiums .paid in advance ; Unearned Interest on Policy Loans ; Bills awaiting presentation for payment, etc. SURPLUS TO POLICYHOLDERS .... $88,762,305.17 $73,954,919.00 1,481,519.84 13,325,866.33 Total Liabilities $88,762,305.17 Paid Policyholders during 1904, over 13 Million Dollars Total Payments to Policyholders, December 31, 1904, over 92 Million Dollars Increase in Assets, over 16 Million Dollars Cash Dividends and other concessions, not stipulated in original con tracts , and voluntarily given to holders of old Policies, to date, over 5 Million Dollars Life Insurance Issued and Paid for durino 1904, over 312 Million Dollars 9 LARGEST IN THE HISTORY OF. THE COMPANY I VER ONE BILLION DOLLA RS LIFE - INSURANCE IN . FORCE COMPLETE SCHEDULE OF BONDS OWNED BY THE? PRUDENTIAL (Market Value, Jan. i, 1905) Not one of which is In Default of Principal or Interest. 1 DESCRIPTION Year of Maturity lcu Market Value Borougn of Asbury Park, N. J., Walcrv....... ......... 1927 54 Borough of Chatham, Morris Co., N. J. .Water (Keg.) 1917 4 Borough of Chatham, N. J.. Electric Light (Rcg.)-. 1921 Borough of Collingswood, K. J., Improvement..... 1934 4 Borough of Lodl, K. J., Street Improvement .... 1927 6 Buffalo City, N. X., Gas Company. ........ 1947 B City of Atlantic City. 2f. J.. Water 1925 5 City of Elizabeth, N. J., Adjustment 1922 4 City of Jersey City, K. J., Aacssment.......... 1921 5 City of Newark, N. J., Corporate (Rec.). . 1908 6 City of Newark, N. J., Funded Debt Water. 1922 4 City of Newark, N. J. (Beg. )- . 1905 4 City of Newark, N.J. fBeg.) 1905 4 City of Orange, N. J., Sewer . 1929-33 6 City of Orange, N. J., Sewerage and Drainage 1913-14 AC City of Perth Amboy, N. J., School . 1954 4 City of Perth Amboy, N. J., Water........... 1934 4 Columbus, O., Gas Company . 19S2 5 DoTer, N. J.. Electric Light Company 1st Mtgo 1921 4 Eastern Equipment Company Gold Series A. 190S 6 Equitable Gas Light Company of New York 1932 5 Gas and Electric Company of Bergen County.. 1949 5 Hackensack, N. J., Water Company 1952 4 Lackawanna Iron and Steel Company Gold . 1926 5 Milwaukee Gas Light Company 1st Mtge Gold . 1927 4 New Amsterdam Gas Co. 1st Con. Mtge. Gold 1945 5 New Amsterdam Gas Co. 1st Con. Mtge. Gold (Eeg.). 1948 ft Newark, N. J., Consolidated Gas Company.. 1945 5 Newark, N. J., Gas Company. . 1944 6 New Jersey Zinc Company 1st Mortgage Gold 1B26 4 Passaic, N. J., Water Company 1937 C South Jersey Gas, Electric ana Traction Co 1253 5 Trenton, N. J., Gad and Electric Company. 1949 5 United States GoTcrnment Bonds fBegistered)..... 1907 4 Virginia Century Funded Debt of the State of Va .. 1991 8 Westchester Lighting Company 1st Mtge. Gold...... 1950 5 W. U. TeL Co- Funding and Real Estate Mtge. Gold- 1950 414 Atch.,Top. & Santa Fe By.- Gen. Mtge. GoIdf(Iteg.). 1295 4 Atchison, Topek & Santa Fe By. Gen. Mtge. Gold 1995 4 Baltimore & Ohio R. B 1945 4 Baltimore t Ohio B. B. Prior Lien Gold . 1925 a 51,825 00 45,000 00 15,000 00 96,425 00 13,600 00 120,000 00 295,000 00 841,700 00 56,750 00 10,700 00 ess 00 200,000 00 60.CO0 00 S0.940 00 3,250 00 54.M0 00 156,550 00 199,500 00 S8.C00 00 S34.000 00 141,250 00 843,090 03 288,000 00 809,000 00 231,250 00 543,200 00 16,650 00 545,000 00 25,650 00 750,000 00 107,000 00 8,090,000 00 876,250 00 105,375 00 S3.S50 00 845,280 00 103.000 CO 71,487 50 512,500 00 X50.S77 50 883,000 00 DESCRIPTION Year of -, Maturity taU Baltimore A Potomac B. K. Gold.. Birmingham Belt R. K. 1st Mortgage Gol urunswicc axacuon company Central Pacific Railway Befundlng Mortgage j Chesapeake Sc. Ohio R. K. Series A . Chicago fc Alton B. R. Befundlng Moncaga Gold... Chicago A E. HLJt. B. GenL Con. 1st Mtge. (iicg.) Chicago h. East. Illinois B.B. General Cox 1st Mtge Chicago & North Michigan B. B. 1st Mtge. Gold Chicago Sc. St. Louis Ry Chicago A West Michigan B. B. General Mtre Chic., Indianapolis A LouUrille By. Befundlng Mtge. Chla, MIL A St. Taul B. B,. 6. Minn. Dlr 1st Mtge- Chic, MIL A St. Paul B. B.I S. W. Dir., 1st Mtge Chic, Milwaukee A St Paul B. B., Chic A Pac DIt Chic, Bock Island A Pacific R. B. GetiL Mtge. Gold Chlc, Rock lid. A Pacific R. R. 1st A lief on ding Gold Chic, St. Louis A New Orleans R. It. Con. Gold. Chic, St. L. A New Orleans R. B. Con. Gold (Beg.)- Chicago, St. Louis A Pittsburg B. B. Gold . Chicago, SL FauL Minn. A Omaha B. R. Con. Mtga Chic, SL Paul A Minneapolis B. B. 1st. Mtge. Gold. Cincinnati. Dayton A Ironton B. B. 1st Mortgage On., Hamilton A Dayton By. Befunding Mtge. Gold- Cin., Ind., St. L. A Chic B. B. 1st Mtge. Gold-. . Cin.. Ind., St. L. A Chic B. B. 1st Mtge. Gold (Beg.) Clare., Cin., Chic A St. L. R. B. GenL Mtge. Gold. CIotc, Cin., Chic A SL L. It. B.. St. Louis Dirlslon.- dereland. Columbus, Cin. A Indianapolis B. R. Qsve.. Col, Cin. A Ind. B. B. General Con. Mtje. Columbus A Toledo B. B. 1st 'Mortgage Connecticut Railway and Lighting Company Consolidated Traction Company, 2. J . Detroit, G'd Baplds A "Western B. B. 1st Con. Mtge.- East Ttnn., Va. A Georgia Ry. Con. Mtge. Gold EtTenn Va. A Gtortta Ry. Dir. Mtge. Gold. EUrabetfr, Plain field A Central Jersey Street Ry Erie Ry. Consolidated Mortgage Gold Essex Passenger By. Consolidated Mortgage. Eransrille A Terre Haute R. R. 1st Con. Mtge. Gold. Flint A Pcre Marquette B.B. Con. Mortgage--. 1911 1922 1926 1949 1903 1949 1937 1937 1931 1315 1921 1947 1910 1903 1910 1983 1934 1351 1951 1932 1930 1918 3941 1954 193$ 1956 1993 1990 1914 1934 1905 1951 1S33 1946 1955 1930 1950 1920 1905 1921 1939 4 5 4 6 8 5 S 6 5 5 6 6 6 4 4 5 5 5 6 6 5 4 4 4 4 4 7 6 7 4 6 S S 7 6 6 5 Market Value $29,120 CO 450,000 00 4,500 00 100,750 00 52,430 CO 299,130 00 25,905 00 94,187 50 129,320 00 355,720 00 109,000 00 84,725 00 29,835 00 7,612 50 214,500 00 470,250 00 210,025 00 750,300 00 157,380 CO 89,650 00 245,640 00 10,640 00 100,050 CO 705,000 00 295,800 00 196,950 00 535,300 00 163,300 00 9,840 00 79,800 00 22,330 00 490,000 00 541,250 00 141,000 00 496,100 00 52,440 00 97,000 00 243,880 00 11,110 00 123,000 00 234,090 00 DESCRIPTION Purity Int Market Value Flint A Pero Marquette BJL 1st Con. Mtge. Gold.- 1920 Fremont. Elkhorn A Missouri Valley B. ii . 1933 Indianapolis Belt B. R. and Stock Yard Co. Con 1911 International A Great Northern B. E - .. 3919 Jefferson B. B. 1st Mortgage Gold ,. 1909 Jersey City, Hoboken A Paterson Street Ry .. 1943 K. a, FL Scott A Memphis R. B. Befunding Mtge. 1936 K. C, Memphis A Birmingham R. R. General Mtgo 1934 Lehigh Valley Ry. of New York 1st Mtge. Gold . 1940 Lehigh Valler Terminal Ry. 1st Mortgage Gold... 1941 Long Island City A Flushing B. B. 1st Mortgage 1911 Long Island B. B. Consolidated. Gold , 1931 Long Island R. B. Consolidated Gold- J 331 Lo-STille A NaahTille South n R.RJMoaon ColL JL) 1952 LocisTille, N. A. A Chicago B. B., Chic A Indlanapa. 1911 LouisTille. New Albany A Chic 1L B. 3st Mortgage-. 1910 Midland Ry. Company of New Jersey 1st Mortgage 1910 Milwaukee A Northern B.B. 1st Mortgage 1910 Minneapolis A SL Louis B. B., Iowa Extension 1909 Minneapolis Union By. 1st Mortgage Gold 1922 Minneapolis Union By. 1st Mortgago Gold 1922 Missouri Pacific By. 1st Consolidated Mtge. Gold 1920 Montana Central R. R. 1st Mortgage Gold . 1937 Morgans Louisiana A Texas B.B. A &S. 1st Mtge 1918 Morgans Louisiana A Texas B. B. A 8. S. 1st Mtge 1920 NashVille, Chat. A SL Louis By. Con. Mortgage.. 1923 NashTille. Chat. A St. Louis By. 1st Mortgage. 1918 Newark Passenger Ry. 1st Mortgage 1930 New York, Lacka. A Western R. IL Construction 1923 New York. Lacka. A Western B. B. Terminal A Imp. 1923 N. Y.. L. E. A W. B. B. 3st Con. Mortgage Funded 1920 Norfolk A Western B. B. General Mortgage. 1931 Norfolk A Western B. B. Imp. and Extension 1934 North Hudson County By., N. J. w 1914 North Jersey Street Railway Co. 1918 Oswego A Rome B.B. 2d Mortgage Gold-... 1915 Padnc Railroad of Missouri Extended. Gold . 1938 Pere Marquette B. R. Consolidated Gold 1951 Philadelphia A Reading B. R. Cor. Mortgage Gold 191 1 Pittsburg, On., Chic A St. L. R. B. Mtge. Series A 1910 FltUbarg, On., Cbic A SL L. B. B. Mtge. Series B- 1942 o 6 S 6 4 4 4 6 5 4 4 6 6 6 6 7 5 6 6 5 7 6 5 7 5 5 4 7 6 6 6 4 5 4 4 7 $205,700 00 184,205 00 252,000 CO 239,000 00 107,640 00 76,000 00 1,212,450 CO 260,680 00 133,762 50 12,823 75 16,500 00 98,070 00 161,200 00 141,000 00 105.806 25 186,675 00 201,940 00 132,090 00 2,220.00 11,225 00 66,250 00 174,460 00 45,435 00 498,575 00 42,350 00 85,100 CO 104,060 00 274,740 00 133,800 00 437,750 00 39,900 00 101,080 00 240,730 00 11,600 00 335,233 25 108,500 00 100,930 00' 2,585,000 00 89,300 00 556,760 00 303,172 50 DESCRIPTION Maturity""- Market Value Pittsburg, Cin., Chicago A SL Louis B. R. Series F. 1953 Pittsburg, Clef eland A Toledo B. B. 1st Mtge.. 1922 Plalnfield Street Railway Co 1922 BapidTranslt Street By. Co. of Newark, N. J 1621 , Beading Co. and P. A B. Coal A Iron Co. Gold 1997 Bio Grande Western By. 1st Mortgage 1939 Sandtfsky, Mansfield A Newark R. R. 1st Mtge . 3900 Second ATcnue B. B. of New York Con 1943 SL Loil s A EarnFrandsco B. B. Genl. Mtge 3931 SL Louis A San Francisco B. R. Genl. Mtge 3931 SL Louis A San Francisco R. R. Bef. Mtge. GoI3 1951 SL Louis, Iron Mtn. A Southern R. B. GenL Con 3931 SL Paul A Duluth R. R. 2d Mortgage 1917 SL Paul A Northern Pacific B. R. 1923 SL Paul A Northern Pacific R. R. (Registered) 192 SL Paul A Sioux City R. R. 1st Mortgage , 1919 SL Panl, Minneapolis A Manitoba R. B. Con. Mtge. 1933 SL Panl, Minn. A Manitoba B. R.Con. Mtge. (Beg.)- 1933 SL Panl, Minn. A Man. B. R., Dakota Extension 1910 SL Paul, Minn. A Man. B. B., MonL Ex., 1st Mtge- 1937 SL Paul, Minneapolis A Manitoba R. B. 1st. Mtge. 1933 SL PanL Minn. A Man. B. R. 2d Mtge. (now 1st) Gold 1909 Terre Haute A Indianapolis R. R. Con. Mtge... 1923 Texas A New Orleans it R. 1st Mtgo.. 1005 Toledo, Walhonding Valley A Ohio R. R. Scries A 1931 Toledo, WaL Valley A Ohio R. R. 1st Mtge Series B- 1938 Toledo, WaL Valley A Ohio B. B. 1st Mtge. Series C- 1942 Trenton, N. J., Street Ry. Consolidated Mtgo 1938 Trenton, N. J., Passenger By. Con. Mtge .. 3931 Union A Logansport R. R. 1st Mtge . 1905 Union Pacific First B. B. and Land.Grant 1947 Union Pacific 1st Mtge. IL B. and Land Grant (Reg.) 1947 Virginia Midland By. 3st Mtge. Series B... 1911 Virginia Midland By. Series C .. 191 6 Western New York A Penn.B.B. 1st Mtge 1937 West Jersey A Sea Shore B. B. 1st Con. Mtge... 1936 West Shore R. R- 2361 Wisconsin Central By. 1st Series Con. Mtge......... 1900 4 6 5 5 4 4 7 5 5 6 4 5 5 6 6 9 6 6 6 4 S 7 4 5 6 7 4 4 6 6 5 f 5 v 3433,830 00 12,150 00 8,000 00 853,340 00 89,800-00 191,100 CO 83.450 00 111,500 00 15,925 00 184,150 CO 632,500 00 1,055,670 00 S55.S40 CO 424,350 CO 81,740 00 27,060 00 282,212 50 2,650 00 233,650 00 10.S50 00 439,000 CO 305,120 CO 23,698 75 107,090 00 55.225 CO 3,255 00 SOf 025 CO 123;S0O 00 21,980 00 17,510 00 157.V5CO 00 161,975 00 44,400 00 296,250 0O 691,025 00 240,000 00 64,600 00 30,539 87 $37,923,167 87 Agents Wanted THE PRUDENTIAL INSURANCE COMPANY OF AMERICA InarpratJ as Stock Company by the Stats of New Jersey ' ' k ' - " OFFICERS . JOHN r. DRYDEN, President LESLIE D. WARD, Vice President EDGAR B. WARD, 2d Vice President FORREST F. DRYDEN, 3d Vice President WILBUR S. JOHNSON, 4th Vice Presidentand Comptroller. JACOB a WARD, Counsel. EDWARD KANOUSE, Treasurer. EDWARD GRAY, Secretary. T. C. E. BLANCHARD, Supt of Real Estate. F. C. BLANCHARD, Supervisor Loan Dept JOHN K. GORE, Actuary. VALENTINE RlKER, Asst Secretary. WlLLARD I. HAMILTON, Asst Secretary. HENRY OVERGNE, Asst Secretary. GEORGE W. MUNSICK, Asst Secretary. EDWARD H. HAM1LL, 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. KlRKPATRICK, Assistant Actuary. GEORGE B. SPEER, Supervisor Ordinary Agencies. GEORGE W. GORE, Supervisor. BRANCH OFFICE IN PORTLAND, OREGON ROBERT S. BOYINS, Manager Ordinary Department, 401-4 McKay Building V