TWENTY-FOUBIE ANNUAL BEPOBT.             7

They are as follows :

The number of policies issued,..................             1S>672

Insuring,.....................................$54,875,430.00

The amount of premiums received on these new

policies issued during the year,...............    2,209,274,70

The large amount received for interest,..........    1,005,485.70

The total cash receipts,........................    6,217,035.88

The solid security of our investments in bonds

and mortgages,..............................  10,097,309.60

In U. S. Stocks,................................    5,003,108,75

The large surplus for dividend,..................    2,795,478.63

And the net increase of cash assets for the year,.    3,526,947.12

While our business has been unprecedented in
extent and amount, the same scrupulous care
and discrimination have been exercised both in
the issue of policies and in making investments
of funds which have always characterized the
business of the office.

The Company still declines doing business
south of the southerly line of Virginia and Ten¬
nessee, feeling that the unsettled condition of
society, as well as climatic influences in the
Southern States, justifies this determination.