xviii   T WENT I"- YI 1"TII -I Ail" I it L REPORT OF THE

of its capital stock as provided by its charter being one hundred thousand dollars ($100,000.00).

The following circulars regarding said company were issued by this department and mailed to each of its policyholders.

The annual statement of the company for the year ending December 31, 1887, has been filed in this department and an abstract of same is printed in this report:

   EDITION OF   1   CIRCULAR LETTER   I IN IRE H04UEOPATHIC

1887.   1   No. I.   1   MUTUAL LIFE.

THE HO_M(EOYiTHIC MUTUAL LIFE INSURANCE COMPANY

STATE OF NEW YORK : INSURANCE DEPARTMENT,

ALBANY, N. Y., ~lpiil 4, 1887. To Polic/lzolde•s:

By the annual statement of the Homoepathic Mutual Life Insurance Company of New York, filed in this department, showing the condition of said company on the 31st (lay of December, 1886, it appearing that its capital stock of $100,000 was impaired to the extent of $80,232.30, in pursuance of the provisions of chapter 161 of the Lawn of 1879, on March eight I directed the officers of said company to require the stockholders to make good in cash and pay in the sum of $80,232.30, the amount of such impairment, within ninety days after the elate of such direction.

During said ninety days, under the provisions of said statute, the company will necessarily remain in the hands of its officers.

But, inasmuch as said company, by said annual statement, was shown to be, on the 31st day of December, 1886, possessed of a surplus, as regards policyholders, amounting to $19,767.70, and, as I am advised, said company has ceased issuing new policies, I deem it proper to notify and advise all policyholders of said company not to permit themselves to be induced to sacrifice their interests in their policies. There is no reason why any policy-holder should not receive, in the settlement of the affairs of the