HomeMy WebLinkAboutThe Herald, 1904-03-25, Page 7THEF.E.AL LIF'E
ASSURANCE COMPANY '.
Or CANADA.
TWENTY_SECOND. ANNUAL, STATEMENT.
Tho twenty-second annual meeting of the sliarethald'ers'of•the Fetdier0,1•Life
Assurance Company of Canada•was held) at the;head office of the coinpany'in
Hamilton on Tuesday, March 1, 1904. The President, Mr. David Dexter, in
the chair. The•foluowing reports and financial statement were submitted.
DIR'ECTORS',REPORT'
Your directors have the honor .to present the report and financial state-
ment. of the comipany for the year, `which closed on t(lze 31st December, 1903
an11duly vouched for•by the auditors.
The new business of the year consisted; of one•theosan1 nine hundred an
fifty-seven applications for insurance, aggregating $2,841,250, of which nine-
teen hundred and sixteen applications for $2,748,172.50 were accepted.
As in previous, years, the income of the company allows a gratifying In-
crease, and the assets of the company horse• been increased by $251,572.89,
asialallave now reached $1,893,960.70, exclusive of guarantee capital.
The security for policy holders, including guarantee capital, amounted' at
the close of the year to $2,763,960.70, and the liabilities for reserves and all
outstanding claims, $1,711.200, showing a, surplus of $1,052,760.70. Exclusive
of uncalled guarantee capital, the surplus to policy holders was $182,760.70.
Policies on seventy lives became claims through deatRl; to the amount of
$130,234 62, of which $2,000 was reinsured in other emidpanieis.
= Including cash dividehdsand dividends applied to 'the reduction of prenni-
ums, $44770.87, with annuities, the total payments'to policy holders amounted
to $204,01849.
Careful attention has been given to the investment of the Company's
funds, In .first-class bonds, mortgage securities, and Loans ea the coliipany's
politica, amply oecured by reserves. Our investmenes have yielded a very
satisfactory rate of interest: •
Elfpenses have been confined to a reasonable. limit,` consistent with 'due
efforts for new business. • ,
'The results of the year indicate a most gratifying progress. Compared
with the preceding year, the figures submitted by the directors for your ap-
proval show an adverse* of fifteen per cent. in assets
The assurances carried by the company now amount to $14,945,249.56, up-
on which the company holds reserves to the full amount required bylaw, and,
in addition thereto, a considerable surplus.
The field officers and agents of the company are intelligent and loyal, and
are entitled to much credit for their able representation of the company's in-
terests. The members of the office staff have also proved faithful in the
company's services.
Your directors regret to report the 'death of Mr. T. H. Macpherson, the
Seemed Vice -President of the company. and a, valued member,of the Executive
ii',osxtzpittee. The vacancy thats caused was filled by the election of the Res.
Dr. Potts. - DAVID DEXTER, President and Managing Director.
AUDITORS' REPORT. •
To the President and Directors of the Federal Life Assurance Company
Gentlemen, We have Carefully • audited the boobsand records of your
company for the year. ending 31st December last, and have certified to their
accuracy.
The cash and journal vouchers have been closely examined, andagree
with the entries recorded.
The debentures, bonds,•etc., in the possession of the company have been
ins•pedteda whilst those deposited with the Government or banks have been
verified by certificate, the total agreeing with the aftiount as shown in the
statement of assets.
The accompanying statements,, viz., revenue and assets and liabilities,
show, the result of the year's operations,.and, also, the financial position of the
company. Respectfully submitted,
H. S. STEPHENS, CHARLES STIFF, Auditors.
Hamilton, est March, 1904.
Financial Statement for 1903.
Premium and annuity income .. . , . . , .. . ,. ......$49 7,931 77
Interest and rents . . . .. •76,264 63
$ 674,196 40
Paid to policy holders $204.018 49
All -caber payments 172,378 68
Balance 197,799 233,
Assets, Dec 31, 1903.
Debentures and bonds $54.9,742 20
639,431 93
280,533 53
424,247 99
$ 1,393.960 70
Mortgages
Loans on policies, bonds, stocks, etc.
All other assets
Reserve fund
574,196 40
l iabilities. .
$1,641,509 38
Claims awaiting proofs 33,500 00
31,190 62
182,760 70
$
Assets 1,893,960 70
Guarantee capital ........ ... . . . .. . .. . , $70,000 00
Other liabilities
Sur,pius on policy holders' account
1,893,960 70
Total security $ 2,763,960 70
Policies were issued assuring $ 3,748.172 50
Total insurance in force • $14.945,249 5fl
The foregoing reports and statement were received and adopted on the
in ion of President David Dexter, seconded by Vice -President Lieut. -COL
Kerns.
The retiring directors were re_eiected, and at a *subsequent meeting of the
directors the following officers were re-elected: Mr, David Dexter. President
and Managing Director; Lieut. -Col. Ferns and Rev. Dr. Potts, Vice -Presidents.
RNTEItNLATIONAL
MARCH.
LESSON NO Xllt
27, 190d.
• Review.—Iterate Luke 2:46-52;4: 1 -2).
Summary—Lesson I, Topic : Jesus
=tong the doctors. Place: Nazareth
and. Jerusaleirs - Jesus grew, and be -
!Dianne ,9ivan g like other ohilare n. At
tie age of twelve he Went with His
Parents to the feast of the Pass-
over. When they start on the return
grip tee child, is left behind ; found
its the temple with the doctors of
tile' lawn asking and answering ,ques-
tions; all were astonished; His par-
entis gently reprove Warr ; He tells
them he anent bo about '•Itis Father's
in incss" ; returns with.. them to
Irazarethi.
IL Topic : Preparing the way of
the Lord. Place : T io wilderness of
.Tudan, Tiberius Caesar, I.;o•man Em -
parer ; Pilnte, governor of Judea ;
kktrod, tetrarclz of Galilee ; Anua,s
and ,Caiapbas, high priest's. John
prealched in tliie wilderness ; baptized
in Jordan ; preached repentance ; in-
sisted that they luring forth fruits
unto repentance ; •.a thorough refor-
mation required of all, ; ,pointed to
the Messiah. r
•
III. °B•.ople: Jessus overcoming S,a,tan.
Place : Mount Qtua•rantania. .esus
goes from Na,zaretb, in Galilee, to be
baptized or John ; John shrinks from
tarots a ietep ; ,Jesus urges it ; is bap-
tized; til iaeaven,s are opened; the
Spirit descends like a dove upon Ii,ini;
rlodn,e from izea,ven ; led into the wil-
derness ; fasts forty days and nights;
aifte rs a xis hungers ; is tempted by
Satan : 1. Command stones to be
node bread, 2. Cast thyself down, 8.
Wolt',st sl p one,
Th". Topes iCheist 'olid ilio gospel,
Place: Nazareth zareth Jo,sus is in the
earnagogue on the Sabbath. day.
Reads ;Trow Ina. Ivi. •1, L ; applies the
Sniriptere !to HH'imsalf.
; V. Topic. The miraculousgh
draut
tent fiioblgs. Place : On the Sea of Gal -
flee. Jesus walking by 'the Sea of
Galilee ; the people pressed upon flim;
no entered into Peter's boat and
taught 'Chem while they stood on the
land; the net was breaking, and
Peter beckoned to .Tames and John
to come to their assistance ; bo'tlr
ships were filled until. they began to
sink ; the disciples were astonished
at the miracle. They left all and fol-,
.lowed C2rri, ct,
VI. Topic—Christ holing diseases.
I?Iaoel—,"Cnpernraum. Jesus is in the
syn,arb+oguo on the Sabbath day.
Tenches the people—They are as-
tonished at His doctrine ;.1 an unclean
epiz'it cries out ; Jesus casts Itim
out ; fame spren,d abroad ; at Peter's
house; mother-in-law, healed; when
the sun was down the diseased and
those possessed with devils were
brought to Elam and He healed
them all and cast out the devils. He
"suffered not the devils to speak."
—II. Cio?r•. vi. 1416. •
VII. Topie—Christ's power to heal
and save. Piatoe—Capernan.m. Jesus cis
probably at Poter's house; a great
crowd at the door; a piaralytic
brought and carried to the root ; the
roof torn rip; the bed let down; Jessie
sary their faith ; "Thy sins bo for-
given thee ;" the scribes reason; ho
speaketh blasphemies; Jesus an-
swers them ; which is easier to say,
Arise, or thy sins be forgiven ? 'the
cure; the 'people amazed; they glorify
God,, saving, "Wo never saw it on
this fashion."
VIII. Toluic—Rensoniug about the
Sabbath, PlaceL-Ca,pernaum. While
Jesus and His disciples wore walk-
ing through a field of grain on the
Sabbath Day, the disciples plucked
the grain and ate it tol satisfy their
hunger : the Pharisees foiund • fault ;
Jesus justified their course.
DX. Topic—Trus acrd faleen religion.
Place—The Monet of Beatitudes or
the "Hio'rns of Hatton." After a night
of prayer and after choosing His
twelve apeetlee, Jesus preached the
Serr oln on the Mount to His disci-
ples and the assembled crimrods.
•Gl►'•• Tjdpla—Thea Wirier and author-
ity ,of Clerist. PlaPol--J'esits and ;ll'is
dieelples axe crossing the Sea . of
Galilee. 'eons is asleep; • a great
storm arises; tbeq. awlalM Christ and
appeal' to m to deem
arises, rebukflies the Wandeuro and says; nnHe-
to tire, sea.. Peiace,i be still, and there
Lv, a ,great calms, De gently' removes
them for'tlieir weals' faith. 'They are
astonished ' a,t,' Cbrlst •and the won-
derful' miracle. Lets all learn to 'luavo
faith -In Good., .
XL • Topic e. Herod's 'great crime.
Place ; Maeherus. The death 'of John
occurred about about the time. the
twelve returned. Herod Anti.pas. was
ruler of Galilee and Peron. When he
heard of the ,mighty, -works• of Christ
ho mid Jobe had risen. John bad re-
buked ,sin inthigh places,
I-II.' Topic: Feeding the . multi-
tude. Place : A desert place on tine
northeast coast of the Sae of Gali-
lee. God can supply` bread where it
is least .likely. to be found.. Five
thousand are fed, besides women and
children ; twelve baskets of frag-
ments are. gathered.' That night he
prayed nearly all night on the 'moun-
tale alone, and between three •and
sig o'clock went ,to his . disciples,
wa.iking .on the waves.
The lessons of this quarter cover
fully. two. important periods in the
life, of the ,son of mite; and partially
cover a third.,.I
The Period of Obscuriy: The
birth, 'prc,sentatien in the temple,
the flight into Egypt, 'the . return,
eettlin.g at- aNzareth, the journey
to Jerusalem to the tenet, the search
r'or birn aril finding hini in the 'temple
in toe midst of the doctors, the re-
turn to Nazareth to be subject to
hie parents --these are the meagre
records of'his. •life until the time
he•'liegan'to Show bimselt to Israel.
Tile stogy here recorded reveals
only enough' to let us ,ser, that here
.was a child, a youth, unlike any we
have seen: •How much le involved in
the, language of Luke 2, 40. Another
phase is presented • in Luke 2, •52.
Hips holiness ' and purity never stir-
red opposition so long as he was
living at Nazareth and pursuing his
calling. "Be increased in favor with
man.' Fee was probably often spok-
enhis o as a model of ipurity,,a.nd other
young men were urged to emulate
example.
The period of Ills manifestation.
The coming Of Je us to the .baptism
of John .was an act of voluntary
humiliation on His part. 'As the one
who- was to fulfill the law, Ile would
show Iiia reverence for the person
an; t ,work of Hinz who, in calling sin-
ners to repentance, was the repre-
sentative of the law. Because Christ
"humbled; himself Cod also hath high-
ly exalted. Kirsh" (Reil- ii, 9). The
name is true of itis people. Ile who
would have God honor him . by the
revelation of His glory .here for here -
atter must humble himself (Job xxii.
80; Prov: xr. 33 ; James es iv. 10; I.
Pet. v'. 5. 6).
Returning victorious from the con-
flict' with the pewees of darkness.
Segue enters upon the prosecution of
RIB life work. In a• short lime he re-
turns to Nazareth, whore his home
tinct been. While here Il'e went into
the synagogue on the 'Sabbath abbath day
to worship- Die fame baying gone be-
fore Him (Luke iv. 14, 15,•1, He went re-
quested •to road the lesson for the
clay. How proud they felt as 'they
looted upon•Ilim and Iistened to His
words. Dosp:sed Nazareth has pro-
duced a rabbi, His fame is our fame.
The ,period of Ilte public ministry'.
The lessons c"' this quarter do not
fully 'cove.,^ 'than period, but from
here onw•aard they' deal. with it. Now
fully -entered upon His' public work
lie steadily, pursued it until its ton-
slxmmation. In no instance did the
Master depart froar the eus'tonm of
the . times where criittomi rear not
in itself. Be soon chooses
as few men as His disciples. These
were to attend Ilim wherever He
went, to be constantly under Has
influence and instruction that they)
might be fitted for the • work which
they were later to do.. pleseed pri-
s ilege and opportrrnityi i Most high -
1y favored of then 1 Did they realize
as they! heard His "Follow Me," and
obeyed the mysterious/ impulse and
event after Bim ivlett their privi-
lege land opportunity; was to be ? fro
spend months and even !rears in per-
, serial, sensible communion with the
Son o2' Clod Himself, and as 'learners
sit at Dis feet and be taught of
H'im:We may not have this privi-
lege, but He has promised His Spirit
to guide ns into' all truth;, lrohn otte
26 ; avi. 13. ' Be not only hsser
His divinity, John v. 17, 18 ; -o,
36, but by zniany mighty warns;
onstrated that He was divine. en
before Him head tvroi» ht Mira
and eoeme since have done so, but
these confessed their depende
upon power outside of themsell
•
o.,.o.r,a,....,t..m,........,.aw.
i n+wyna,miwc
The riarkets.
Toronto b:irrnewt,' Morten.
The receipts of grain on the street
to -daffy; were fair. Wheat is unchang-
ed, with sales of 100 bushels of ,white
at 991he. to $1., .300 bushels of red
wlintet; at 9£11/2c to $;l, aOd 400 bush -
e1? of goose -at 86 to 88yc. 113arleyi
unchanged, 400 bushels selling at
47% to 481e. O.a:te ar.e firm,• 1,000
buslpels selling, at 38 to 3'9e,
3'i, in liberal supgpiy at unchang-
ed Prices.; 50 Leeds sold at geld 'to
$.13 a ton for, timothy!, and at $7
to 4p9- for mixed. Straw "firm, five
leads selling. at $10 to $11 a ton.
Dressed hogs (are unchanged at $6.-
130 for heavy„ and $7 far light.
Fo1lowang are the quotations:
!Wheat, wlltte,lbush., 1593 c to $1; do.,
red, bush. i39;to'to $'1 ; spring, bush.,
94 to 95c; goose, bosh., 86 to 88%e;
Gate, bueuh., 38 to St)e; peas,- bustle
68 to 70c; barley;, bush., 4736 to 48%e;
Baty, timothy,. per ton, $11 to $13;
cloven, $8 to $9; straw, per ton,
$1.0 to $11 ; seeds, alstike, bush., 4.-
$50 to $6 ; do., red clover, bu:sh., $6
to $$.3'5 ; timothy', 100 lbs., $.125
to $n; nppieu, per. pbl., $1.50 to x$'',1.25;
dressed huge, $'6.50 to $7 ;.eggs, nein
laid, per dozen, 2*5 to 27c; butter,
dairy; 19 to 22e; creamery, 23. to
26c; chickens, per lb., 12 to 14c; geese,
per lb., 12 to 13e; ducks, per ib., 12
to 14c; turkey's, per llb., 18 t0 20c;
Potatoes, per bag, -90c to $1.10 ; cab-
bage, per dozen, 50 to 75c; cauliflow-
er, per dozen, $1.25 to $1.75 ; .celery',
per dozen, 40 to 50c ; beef, hindquar-
ters, $7 to $J ; •beef, forequarters,
$G. to $6.50; 'beef, choice, carcass,
$7 to $7.50; beef, mediuin, carcass,
$6 to $6.50; lamb, ;yearling, $9' 'to
$10.50; mutton, per cwt., $7 to $8;
veal, per otvt.,•$8 to $10. .
Leading Wheat '11/1arltets.
Following are the elos'ing quota-
ttons cat important wheat centres to-
ayd, , .
iOaeh'. b2ay',
Chicago .,.F -- 96 3•:8•
Toledo „.,,,.. ... ,.$,1,0114 $1.00
Duluth, • . No, 1. N. ,.,. nVS 1-t•, 98 1-4
Bradstreets on Trade.
r.Llre freight blockade on the railways,
caused by the snow storm and ice and
drifting, is slowly being raised, and the
outlook for business at Montreal is
showing at corresponding improvement,
Conditions of general trade ' continue
healthy, and the outlook is far from
unpromising. Values of staple goods
are firmly held and there is some talk
of finished cotton goods being ,further
advanced.
The outlook for general trade et .To-
ronto :now is, better than it has been
for some weeks. A few days of rain,
followed' by fine bright spring weather,
bas imparted a much better tone to
trade circles. The general outlook is
encouraging.
At Quebec weather conditions have
seriously interfered with trade. City
trade is reported' fairly active and the
wholesale milliners are getting ready
for the spring beeninxcs.
The produce markets at the Pacific
Coast have been much unsettled of late,
but in staple manufactures there has
been a steady movement for the com-
fns season, Prices generally at Vic-
toria, Vancouver and other centres are
firm for cottons and leading lines in
fabrics. Manitoba patent flour ad-
vanced here the past week to $6, but
there is no demand' for it for Japan so
far. ••
The approach of the spring season is
causing more inquiry for staple goods
at Winnipeg. The deliveries of wheat
have been delayed by the storms, and
remittances have been a little slow.
Otherwise the condition of trade are
fairly satisfactory- and .the outlook is
promising.
To be a successful wife, to retain the love
and admiration of her husband should be a
wothan's constant study. Mrs. Brown and
Mrs. Potts tell their stories for the benefit
of all wives and mothers.
" DEAR MRs. PsisaAar : — Lydia E. Pinlclaam's Vegetable Com-
pound will make every mother well, strong,•healthy and happy., I dragged
through nine years of miserable existence, worn out with pain and weariness.
I then noticed a statement of a woman troubled as I was, and the wonderful
rearnits she had had from your Vegetable Compound, and decided to try what
it would do for me, and used it, for three months. At the end of that time I
wan a different woman, the neighbors remarked it, and my husband fell in
o •e 'th me all over again. It seemed like a new existence. I had been sill
-
g of the womb, but your medicine cured
till I was indeed like a new woman. —
er, 21 Cedar Terrace, Hot Springs, Ark.,.
YOUR COLD WILL NOT ISIICOME BRONen
nor consumption, 1f you makers timely
of Allen's Lunn Balsam, Take It fregne
until the, cough and the stopped -tip ;Ceiba
the chest are gone,
No Scarcity of Egotists.
(Philadelphia Ledger.)
"Some men " said the queter, „
born great. some achieve greatness—
"And the great majority," 'internal)
the cynic, "believe they come under b
of these heads."
What Makes You Despondent
lies the stomach gone wrong? Havo
nerve centres grown tired and listless?
you threatened with nervous 'prostratio
tiouth A.merican Nervine is nature's •torr
tor, makes the stomoeh rli;lit, gives a wo
of nerve force, keeps the circulation perfe
A regular constitution builder for rundor
people, One lady says: • 1 owe nfy life
it,"—x34
t fail to .profit by Mrs. E4 owit's ex -
was cured of' the troubles enumer-
will Lydia E. PInkleam's Vegetable
who suffer from womb troubles,.
dney troubles, nervous excitability;
ad the story of Mrs. Potts to al;
" DEAR hDi . PrsixsA3r : — During the early
rt of my married life I was very delicate
health. I had two miscarriages, and both
y husband and I felt very badly as we were•
xious to have children. A neighbor who
d been using Lydia E. :l"i.nlham's
egetable Compound advised me to try
and 1 decided to do so. I soon felt that
y appetite was increasing, the headaches
adually decreased and finally disappeared,
id nay general health improved. I felt as
new blood coursed through my veins, the.
"gish tired feeling disappeared, and I be-
e strong and well.
" Within a year. after I became the mother
a,strong healthy child, the joy of our home,
u certainly have a splendid remedy, and 1
sh every mother knew of it. — Sincerely
urs, Mas. ANNA Posrs, 510 Park Ave.,,Hot
rings, Ark."
If you feel that there is anything at all
usual or puzzling about your ease, or
you wish confidential advice of the
est experienced, write to Mrs, Pink.
advised free of charge. Lydia E.
d has cured and is curing thousands
them inexpensively and absolutely,
our druggist. Insist upon getting
Vegeta le 0 " f
And Lonesome.
(Buffalo Express.)
"1 stood there in the silent nigh
said Willie 1Vishingtan, "Wrap d.
thought."
"Dear mei" murmured Miss Caged,
"how chilly you must have beeein '