loaned for six months or more; the amount, if any, on which interest has been due more than six months; and the amount in suit, or ordered for prosecution as aforesaid; also specifying the amount of loans, if any, where the principal and interest due thereon exceeds the market value, at the time of such statement, of the stocks pledged for the security thereof, and the amount of such excess. 4th. The amount of loans on bonds, bills, or notes, with personal securities only, other than loans to or for the use of moneyed corporations as aforesaid; specifying the amount payable on demand; the amount loaned for limited periods less than six months; the amount for six months or more; the amount, if any, on which interest has been due more than six months; and the amount in suit, or ordered for prosecution, as aforesaid. 5th. The amount due from individuals on account, other than loans to or for the use of moneyed corporations, as aforesaid; specifying the names of the several persons from whom the same is due; the amount due from each; the nature of their indebtedness; the time when the several debts were contracted, and when they became payable; whether collectable or not; and whether in suit or prosecuted. 6th. The amount of interest due to the company on any of the above mentioned loans, computed up to the first of December, or the first of January, as shall be most convenient for the company: distinguishing the amount due on loans upon which any part of such interest has been due more than six months, from the amount due on loans on which no part of the interest has been due for more than that period. 7th. The amount of all loans to moneyed corporations, or to their officers or agents, for their use or benefit; specifying particularly the amount loaned to each corporation, or its officers or agents; the time when and for which the loan was made, the rate of interest payable thereon; the nature and value of the security taken or held by the company for cach loan; and the amount of interest which is due and has become payable to the company thereon, computed as aforesaid. 8th. The amount of stocks owned by the company: specifying each kind and description; the number and nominal value of the shares of each; and the market value thereof, at the prices at which such stocks were purchased or received in payment. 9th. The amount of real estate owned by the company, with a general description thereof, specifying the price at which each separate parcel thereof was purchased or received; the amount which has been expended for buildings and improvements thereon, other than for ordinary repairs charged in the expense account, or paid out of the rents; the present value of such real estate, and the particular portions of the same which are occupied by the company as necessary for the transaction of its business. 10th. The amount of money on hand: specifying the bank in which it is deposited; or, if the same remains in the hands of any officers or agents of the corporation; specifying the names of such officers or agents, and the amount in the hands of each. 11th. The amount and real value of all other property or effects of the company: specifying the nature and value of such property and effects particularly. the 12th. The amount of all securities taken for moneys received by company in trust, to be invested at the risk and for the benefit of the persons from whom such moneys were received, or of other persons designated by the trust. And which statement shall also exhibit and set forth the number of stockholders; the amount of the capital stock of the company; and the amount and particular nature and description of all debts, demands, and claims against the company; and of all responsibilities incurred by the company, as follows: 1st. The amount of the capital stock of the company, and the number of stockholders owning the same; designating the number of stockholders residing out of the State, and the amount of stock held by them collectively; the number of stockholders residing in the State, other than the trustees of the company, and the amount of stock so held by them; and the number of trustees of the company residing in the State, and the amount of stock held by each; but without disclosing the names of such trustees in connexion with the amount of stock held by them respectively. 2d. The amount of moneys deposited on trust, by order of the court of chancery, or of any of the surrogates, to be invested or kept at the risk of the company, including moneys deposited on trust of accumulation, and the accumulations thereon which have become a part of the principal. 3d. The amount of deposites by other persons and companies other than monied corporations, on trust, to be invested or kept as aforesaid, or on trust of accumulation; and including the accumulations thereon which have become a part of the principal. 4th. The amount of deposites by banks, and other monied corporations, on trust, to be invested or kept as aforesaid, or on trust of accumulation, including the accumulations thereon which have become a part of the principal; specifying the amount deposited by each company. 5th. The amount of interest which has become due and payable on each of the deposites in trust as aforesaid, other than accumulations estimated as part of the principal; computed up to the first of December, or the first of January, as shall be most convenient for the company. 6th. The amount received by the company, or for which it is liable, as guardian of the estates of infants, including accumulations thereon, and interest, computed as before directed, and deducting expenses and commissions. 7th. The amount received by the company or for which it is liable, as receiver, including accumulations and interest as aforesaid, and deducting expenses and commissions. 8th. The amount due for life insurances, which have not been paid, after the event has happened. 9th. The amount received for premiums on life insurances where the persons whose lives are insured are still living: specifying al so, the number of such lives remaining insured; the average length of time such lives will continue, according to the tables used by the company; the amount of premiums payable annually to the company on such insurances; and the amount which will become due from the company upon the deaths of such persons. 10th. The amount due for arrears of annuities, which have become due and payable. 11th. The amount received upon the sale of annuities, where the annuities still continue: specifying also, the number of such annuities; the average time of the continuance thereof, according to the annuity tables, and the total amount payable therefor, annually. 12th. The amount of all dividends, unpaid to the stockholders entitled to the same. 13th. The amount received on trust to be invested at the risk and for the benefit of the persons from whom the moneys were received, or other persons designated in the trust; including the interest or income received thereon by the company, and remaining in its hands; deducting the expenses and commissions on such investments and trusts, as agreed on by the parties, or as fixed by the by-laws or regulations of the company, at the time of the creation of the trust, where no special agreement as to such expenses and commissions was made by the parties. 14th. The amount of all other debts or demands against the company; specifying particularly the nature of such debts, respectively, designating between such as are absolutely due, and such as may become payable on some contingent event; and such as are claimed, but not admitted by the trustees to be due. 15th. The amount of all bad debts included in the account of debts due to the company, for loans or otherwise, with the interest thereon; including all debts known to be bad or believed to be uncollectable; also, all debts not in suit, on which no interest has been paid for more than one year after it became due; and debts on which judgments have been obtained and have remained unsatisfied for more than two years. And which statements shall also exhibit and set forth, the amounts of dividends declared during the preceding year: the names and residences of all the trustees and other officers of the company; the salaries or annual compensations paid to each of the officers of the company who receive a salary or annual compensation; and all the by-laws and regulations adopted by the trustees and remaining in force. It shall also contain such other facts and details as the trustees may think proper to insert therein; and which they may deem necessary to enable the Chancellor to form a correct opinion of the manner in which the affairs of the said company have been conducted and managed for the preceding year. And that the same be verified by the oaths of the president and secretary of the company. (Copy,) JAMES PORTER, Register. ANSWER Of the New-York Life Insurance and Trust Company, for the year eighteen hundred and thirty-two, to the Chancellor's Order of the 19th November, 1831. The Trustees of the New-York Life Insurance and Trust Company, in compliance with the Chancellor's order, respectfully answer the inquiries as arranged in the order; each answer referring to the 1st day of January, 1833. Inquiry 1st. The amount of capital loaned out on bond and mortgage, exclusive of interest, was, on the first day of January, 1833, $1,000,000 00. In every instance, it is believed that the value of the property mortgaged is at least double the amount of the loan, and of this fact satisfactory evidence has been required, in all cases where the property did not come under the immediate cognizance and observation of the Trustees. The amount loaned in each county of the State, is as follows: New-York,....... $110,174 00 Oswego,. Albany,.... Erie,.... .... .... 84,669 98 St. Lawrence,.. 11,000 00 Saratoga, 25,965 75 Allegany, 32,400 00 Greene,.. 101,958 00 Orleans, ... $15,400 00 2,300 00 22,500 00 1,750 00 3,000 00 15,250 00 9,800 00 3,500 00 4,100 00 Niagara, 93,782 00 Chautauque,. Columbia, 53,203 50 Jefferson, Ontario,.. 67,256 05 Chenango, On the above amount no interest has been due over six months. 2d. The amount of loans on bonds and mortgages not included in loans on capital and other than loans to monied corporations, or to their officers or agents for their use and benefit, was, on the first day of January, 1833, $1,101,560.02. 11,250 00 14,366 00 4,152 00 8,700 00 4,000 00 1,500 00 The amount loaned of this character in each county of the State, is believed to have been nearly as follows, on the first day of January. New-York,....... $411,932 40 | Allegany,... $9,433 00 Albany,..... 34,950 00 Livingston, 14,294 00 The interest remaining due on the first day of January, 1833, on the whole amount of bonds and mortgages, whether capital or otherwise, due the company, was $18,724.62; since reduced to $13,758.17; of which last sum, $5,437.50 is due in the city of" New-York. In a few cases the whole, amounting to $643.06, there has been a failure longer than six months, of payment of interest due on those loans not considered capital, and the company have been obliged to place the bonds and mortgages of the defaulters in the hands of the counsel to the Board for foreclosure. In making the above loans, satisfactory evidence has been required, that the value of the mortgaged premises, is at least, double the amount of the loan, except in some few instances, where loans have been made on real property in the city and county of New-York, where, on account of its ready sale, and the greater facility of determining the actual value of the property, so great an amount is not often required. It should be remarked too, that in a great number of cases, where especially the property is of a changeable character, a much less sum has been loaned, frequently not over one-third the value. The payments of interest to the company are semi-annual, on the first days of June and December. Aware of conducting their system of loaning with the greatest prudence, the trustees appointed one of their own body, a gentleman possessed of their entire confidence, and one whose residence in the western country had made him intimately acquainted with the value of land and property of all kinds, to visit those counties |