Towns > Glasgow > 1828-1912 - Post-Office annual Glasgow directory > 1884-1885

LIVERPOOL— 3 4. EXCHANGE. A. DRUMMOND HENDERSON, District Manager.
ADVANTAGES OFFERED
NEW YORK LIFE INSURANCE COMPANY.
ist.— It is a MUTUAL COMPANY, AND NO LIABILITY IS INCURRED BY ITS POLICY-
HOLDERS. There are no Shareholders. Profits are divided annually among the Policy-holders
only.
2nd. — BONUSES can be used to reduce the second and following years' premiums, or to increase
the amount of Policy.
3rd. — BONUSES are larger and Rates on the average lower than British Companies, owing to
the higher rate of interest obtained on first-class investments in America.
4th. — SECURITY is guaranteed by the stringent laws of New York, which restrict Investments,
fix a positive standard of solvency, and require a rigid annual examination to be made by the
Government Insurance Department.
5th.— STABILITY. The accumulated funds, December 31st, 1883, were £11,379,945 securely
invested. The annual income is £2,717,599, and the surplus over reserve and all liabilities £2,139,339-
6th.— The TONTINE POLICIES of this Company practically combine Life.Insurance with an
Investment or an Annuity, at the ordinary premium rates.
7th. — ANNUITIES. The amounts required to purchase these are lower on the average than
those charged by British Companies.
8th. — LIBERALITY in payment of claims. The Records of the Company show many
acknowledgments of its liberality and fairness in the payment of claims. There are no Shareholders,
and consequently no interests adverse to those of the Policy-holders.
gth. — CLAIMS are payable in London in sterling, and all disputed claims (in case any should
arise) in Great Britain are to be decided by British Courts.
Committee of Reference for Scotland.
JOHN AFFLECK, Esq., Assistant Manager, Union Bank of Scotland, Glasgow.
W. E. BARTLETT, Esq., Manager, North British Rubber Co., Edinburgh.
GILBERT BEITH, Esq., of Messrs. Beith, Stevenson & Co., Ballochneck House, Bucklyvie.
THOMAS BROWN, Esq., Merchant, 51 Cochrane Street, Glasgow.
EMIL CLAUSS, Esq., Merchant, 36 Renfield Street, Glasgow.
JOSEPH FULTON, Esq., of Messrs. W11. Fulton & Sons, Glenfield, Paisley.
ALEXANDER HANNAH, Esq., of Messrs. Hannah & Martin, 3 South Hanover Street,
Glasgow.
JOHN LEADBETTER, Esq., of Messrs. Leadbetter Brothers & Co., Dundee.
PATRICK M'GREGOR, Esq., Merchant, 24 St. Vincent Place, Glasgow.
DAVID MACKIE, Esq., of Messrs. Corrie, Mackie & Co., Dundee.
W. H. NORRIE, Esq., of Messrs. Chas. Norrie & Sons, Dundee.
JAMES WILSON, Esq. (Ex-Provost of Govan), Merchant, Glasgow.
BANKERS.
UNION BANK. OF SCOTLAND, 97. Ingram Street, Glasgow.
Branch Office for Scotland—
Herald Buildings, 69 Buchanan Street, GLASGOW. Manager— W. E. HERBERT, F.S.S.
MANCHESTER-CLARENDON CHAMBERS, 100 MOSLEY STREET.
District Manager— J. LE MARCHANT BISHOP.