present a rapid, though healthy, progress has been made, and we find that during their last fiscal year, ending' Feb. 1, 1867, they issued the unprecedentedly large number of FOURTEEN THOUSAND ONE HUNDRED AND THIRTY-EIGHT ;

and, judging of what has been done so far, we believe the number of . policies issued during this year will reach nearly TWENTY THOUSAND.

Another suggestive item, vindicating the wisdom of its management, showing the ex-tent of its business, and furnishing a test of its responsibility, is the enormous amount of its assets, now over SIXTEEN MILLIONS OF DOLLARS ; the Company already, during its existence, having paid nearly TEN MILLIONS OF DOLLARS in dividends and losses. These assets are not fictitious, put forth as an "advertising dodge," but actual, solid assets in the hands of the Company, and so judiciously and safely invested as to yield a larger income than that of any other life insurance company in this country ; now amounting to nearly oNE MIL• LION AND A HALF DOLLARS yearly-more than sufficient to pay all losses the Company sustains.

They have a net surplus of over FIVE MIL-LIONS DOLLARS ; larger by two millions than the reports of any other company show. This is a reserve, from which all liabilities are excluded, and places the company beyond all possibility of doubt as to its security and ability to meet every demand upon it. These all- important facts are taken from public statistics, and are well worth knowing—for they constitute the most satisfactory evidence of the intrinsic merits and solid strength of the company ; they also indicate, in unmistakable terms, that the management of the affairs of the company, from its first organization down to the present time, has been superior in many respects to most of the life insurance companies of the age ; and that it may be relied upon as among the first, if not the first, company of the kind in the country, in point of strength, security, and the advantages it offers and positively gives to the insured.

As we have made the matter of the management of this Company somewhat prominent, we should do a manifest injustice did we not make a more direct mention of those to whom the credit of it is due.

THE OFFICERS.

Guy R. Phelps, Esq., the President, is, we should judge, about sixty-five years of age ; a man possessing an iron constitution, a descendant of one of the early settlers of Connecticut ; a genuine specimen of the old Puritan stock of New England. He has been connected with the Company in some official capacity since its organization ; was one of its founders, and the active man in effecting the organization, and was its first Secretary. His policy is number eight. He is justly regarded one of the ablest and most successful life underwriters in the United States ; possessing remarkable executive ability, prudence, caution, and zeal in guarding the immense trusts committed to his charge—qualities seldom wedded in one man. His business motto seems to be, " Take care of the pennies, and the dollars will take care of themselves." Among underwriters his opinions have great weight. H e is emphatically a working President ; always at his desk ; and we are informed by those connected with the office, seldom re-tires before twelve o'clock at night. His influence is felt, and the impress of his genius seen, in every feature of the business in the office, and his attention bestowed upon the minutest details.

Zepheniah Preston, Esq., the Vice-President, is of more advanced age than the President ; has long been connected with the Company, as one of the Directors and in his present capacity. His policy is number 164. Though advanced in years, he is constant at his post, discharging the important duties of his position.

Woodbridge S. Olmsted, Esq., the Secretary, also dates his connection with the Company from the first years of its existence ; has al-ways occupied a high position in the official management, and upon the election of Mr. Phelps to the Presidency, was made Secretary. He is esteemed one of the most valuable and trusted assistants the Company possesses.

Maj. James Goodwin, who was the President of the Company from 1848 to within a year or two, retains his position as one of the Direct-ors ; has his desk in the office, and is still active and zealous in promoting the interests and advancing the prosperity of the Company. His counsel and advice in investing, protecting, and carefully guarding the immense funds of the institution are considered invaluable. His policy is number thirty-seven on the list.

The resident Directors are among the most reliable and substantial business men of what is generally known among under-writers as the great insurance city of the East, They hold regular weekly meetings, and pass