Books › Newark City Directory 1880-81, 1880 › scan 1
Scan 1
Newark City Directory 1880-81, 1880
42 lines. Read by computer on 17 September 2026. No printed page number was found. See the scan on archive.org.
1THE PIONEER INDUSTRIAL INSURANCE COMPANY.
3THE PRUDENTIAL INSURANCE COMPANY OF AMERICA.
5Chief Office, 215 Market St., Newark, N. J.
7OFFICERS:
8PRESIDENT,
9NOAH F. BLANCHARD.
10VICE-PRESIDENTS,
11WM. H. MURPHY, HORACE ALLING.
12SECRETARY,
13JOHN F. DRYDEN.
14MEDICAL DIRECTOR,
15LESLIE D. WARD, M. D.
16COUNSEL,
17EDGAR B. WARD.
19This company issues policies for a weekly premium of three cents upon the lives of CHILDREN from one to twelve years of age, and TO PERSONS FROM THIRTEEN TO SEVENTY-FIVE YEARS OF AGE, for a WEEKLY PREMIUM of from five to fifty cents.
21NO POLICY ISSUED FOR MORE THAN $500.00
23OUR UNEQUALED RECORD.
24Organized October 13, 1875. More than 100,000 policies issued. More than 800 claims paid. Claims now being paid at the rate of over 900 per annum.
26CONDITION DECEMBER 31st, 1879.
28ASSETS.
29Bonds and Mortgages, (first liens) $47,000.00
30Government Bonds, (market value) 77,743.75
31Cash in Bank and Office, 8,832.96
32Interest Accrued, (but not due) 2,901.01
33Deferred Premiums (less 40 per cent.) 65,413.88
34TOTAL ASSETS, $201,891.60
36LIABILITIES.
37Reserve for Policies, (New York Standard) $92,358.71
38Surplus to Policy Holders, 109,537.89
39$201,891.60
41$2.18 of unquestionable assets for each $1 of liability to Policy holders.
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