Finance Announcements

Finance Announcements

Dividends have been declared by the Bank of the Manhattan Company and the Jefferson and Iron Company.Coupons will be paid on and after Feb. 1 on certain bonds of the Brooklyn Ferry Company of NewYork, and the Kansas City and Pacific Railroad Company.

The annual report and semi-centennial statement of the Aetna Life Insurance Company of Hartford shows gains in every department of that Institution. In the premium income there was an increase of $701,949, the premium receipts for the year being $7,123,652. Receipts from Interest and rents amounted to $2,395,073, which more than paid the death claims, amounting to $2,341,918. The gain in accident insurance in force was $25,946,350, and the assets were increased $2,623,279. On Jan. 1 the outstanding insurance of the company amounted to $168,449,790 in life, endowment, and term policies, and $135,807,470 in accident and health insurance. The gain in policy holders during 1899 was 17,998. In addition to the reserve fund required by the state laws a special reserve of $1,644,000 has been added.The policies also have been liberalized without an advance in premium rates.

Notes of Insurance Interests

The annual meeting and dinner of the once a year Club of Insurance Journalists will be held at Shanley's Feb. 13

Commissioner Stevens of the Michigan Insurance Department has authorized the Pittsburg Fire Insurance Company of Pennsylvania to do business in that state.

The State Insurance Department is enforcing the retaliatory law against Georgia Companies in regard to outside reinsurance, because of the position of Georgia authorities in not permitting companies of other states to take credit in their annual statements for reinsurance effected in companies not doing business in Georgia.

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