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By the will of Alfred B. Nobel, the inventor of dynamite left his entire estate of about $9,000,000 for the encouragement of men who work for the interests of humanity. The interest on this money was to be divided into five equal parts, to be distributed every year as rewards to the persons who had deserved best of mankind in five departments of human activity. The clauses in his will which govern the distribution of these prizes are as follows:

"The entire sum will be divided into five equal parts, one to go to the man who shall have made the most important discovery or invention in the domain of physical science; another to the man who shall have made the most important discovery or introduced the greatest improvement in chemistry; the third to the author of the most important discovery in the domain of physiology or medicine; the fourth to the man who shall have produced the most remarkable work of an idealistic nature; and, finally, the fifth to the man who shall have done the most nations, the suppression or reducformation and propagation of peace

"The prizes shall be awarded and chemistry, by the Swedish logical or medical work, by the for literature, by the Stockholm a committee of five members ing.

"It is my express desire that, count shall be taken of nationality, to the lot of the most deserving, not."

The award of the Nobel prizes on December 10. The committee ment of peace and arbitration equally divided between Dr. Henry name had been presented by the sy. founder of the Universal announcement of the awards, Dr. 212, was ill and destitute in a years old.

The medical prize went to Dr. burg, Germany. Prof. Behring is diphtheria. Dr. J. H. Van't Hoff. native of Holland, received the istry. He contributed largely to lar physics and is regarded as the chemistry.

Alfred B. Nobel.

or best work for the fraternity of tion of standing armies, and the congresses.

as follows: For physical science Academy of Sciences; for physioCaroline Institute at Stockholm; Academy, and for peace work, by elected by the Norwegian Storth

in awarding the prizes, no acin order that the prize may fall whether he be Scandinavian or

for 1901 was officially announced on the prize for the encouragereported that the prize had been Dunant, a Swiss physician, whose Swiss Rigsdag, and Frederick PasPeace Union. At the time of the Dunant, who was to receive $20.Swiss hospital. Dr. Passy was 79

Emil Behring, professor at Marthe discoverer of antitoxin for of the University of Berlin, and a prize in the department of chemthe world's knowledge of molecufounder of a new system of stereolected to be the recipient of the

[graphic]

Dr. William Roentgen was seprize in physics. He has been a professor at Marburg, Germany, for more than twenty-five years and is famous the world over as the discoverer of the Roentgen or "X rays.

The prize in literature was conferred upon the French poet, Armand Sully-Prudhomme. For the past twenty years M. Sully-Prudhomme has had a seat in the French Academy and his published verses have been considered the best of modern French literature.

Alfred Bernhard Nobel was the son of Emmanuel Nobel, a manufacturer of torpedoes and a manager of shipbuilding and engineering works. His work kept him in Russia until the close of the Crimean war, when the resources of that country became so enfeebled that the Government could no longer offer him sufficient business to make it worth his while to remain in the Neva. In 1859 he returned to Stockholm and took up the study of explosives.

Between 1861 and 1862 Emmanuel Nobel discovered a method of preparing nitro-glycerine which rendered it possible to make practical use of it. In 1867 Alfred Nobel invented dynamite, a compound of nitroglycerine with a finely powdered silicious substance composed of the shells of fossilized infusoria. In 1876 he patented gelatinous nitro-glycerine and thirteen years later he invented ballisite, the first of the high explosives which inaugurated the era of smokeless powder.

Statistics of Insurance.

INSURANCE OFFICIALS OF THE VARIOUS STATES.

The following officials have authority over insurance matters in the various States and Territories:

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Name of Official.

Robert P. McDavid.

Isaac T. Stoddard..
T. C. Monroe..

E. M. Wolf.

C. W. Crouter.
Theron Upson.

George W. Marshall.
Thomas E. Drake.
J. B. Whitfield.
W. A. Wright.
W. H. Wright.
P. M. Davis.
Henry Yates..
W. H. Hart.
Frank F. Merriam.
W. V. Church.
John B. Chenault.
E. J. McGivney.
S. W. Carr.
Lloyd Wilkinson.
Frederich L. Cutting.
James V. Barry.

E. H. Dearth.

W. Q. Cole...
E. E. Yates...
J. H. Calderhead.
Charles Weston..
S. P. Davis..
J. C. Linehan.
William Bettle.
W. G. Sargent.
Francis Hendricks.
J. R. Young.
Fred. Leutz..
A. I. Vorys.
William Grimes.
F. I. Dunbar..
I. W. Dunham.
Charles Hertzell.
Charles C. Gray.
J. P. Derham..
H. C. Shober..
R. E. Folk.
Jefferson Johnson.
J. T. Hammond.
F. A. Howland.
Morton Marye.
S. H. Nichols.
Albert C. Scherr.
Emil Giljohann.
Le Roy Grant.

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Hartford.

State Auditor and Insurance Commissioner.. Little Rock.

Title of Office.

Secretary of State...

Secretary of the Territory

Insurance Commissioner.

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Insurance Commissioner.

Superintendent of Insurance.
State Auditor...
State Auditor..

Superintendent of Insurance..
Insurance Commissioner.
Assistant Secretary of State.
Insurance Commissioner.
Insurance Commissioner.
Commissioner of Insurance.
Commissioner of Insurance.
Insurance Commissioner.
Auditor of Public Accounts..
Superintendent of Insurance..
State Auditor..

Auditor of Public Accounts..
State Comptroller..
Insurance Commissioner.
Insurance Commissioner.
Territorial Auditors..
Superintendent of Insurance.
Insurance Commissioner.
Commissioner of Insurance.
Superintendent of Insurance.
Insurance Commissioner..
Secretary of State..
Insurance Commissioner.
Secretary of Insurance.
Insurance Commissioner.
Comptroller of Insurance..
Insurance Commissioner..
Commissioner of Insurance.
Insurance Commissioner.
Secretary of State...
Secretary of State..
Auditor of Public Accounts..
Insurance Commissioner.
State Auditor...

Commissioner of Insurance.
State Auditor..

AMERICAN LIFE INSURANCE COMPANIES, BUSINESS IN 1901.*

Milford.

Washington.

Tallahassee.
Atlanta.
Honolulu,
Boise.
Springfield.
Indianapolis.
Des Moines,
Topeka.
Frankfort.
Baton Rouge.
Augusta.
Baltimore.
Boston.
Lansing.
St. Paul.
Jackson.
Jefferson City.
Helena.
Lincoln.
Carson City.
Concord.
Trenton.

Santa Fe.
Albany.

Raleigh.
Bismarck.
Columbus.
Guthrie.
Salem.
Harrisburg.
San Juan.
Providence.
Columbia.
Pierre.
Nashville.
Austin.

Salt Lake City.
Montpelier.
Richmond.
Olympia.
Charleston.
Madison.
Cheyenne.

Name of Company.

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Number of Policies. $117,314 5,872 737 3,794

Amount.

Admitted Assets.

Liabilities.

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Bankers of New York...[1899*

654,954

455,541

8,229,167

12,600

21,546,493

915,999

Berkshire....

1851

[blocks in formation]

6,458,642 21,996

[blocks in formation]

630,423 10,198,878

Boston Mutual.

[blocks in formation]

112,578

[blocks in formation]

81,206

Central of Iowa..

1896

98,395

57,236

1,146,050

1,578

2,363,054

102,687

Chicago Life.

1900

78,146

Connecticut General.

1865

802,043

53,278 465,816

[blocks in formation]
[blocks in formation]

59,702 76,120 49,489

[blocks in formation]
[blocks in formation]

Connecticut Mutual.

1846

8,182.474 7,872,913

10,751,601

69,016

[blocks in formation]

Conservative Life.

1900

Des Moines Life..

11900*

Equitable, New York...1859

1,695,299 368,705 336,761 317,586 64,374,606 39,191,159

9,938,310

6,009 10,101,301 1,550,228 1,260,386

3,365,910

245,912,087

10,110 14,794,065
409,296 1,179,276,725 330,473,309

382,029

248,529 259,312,923

Equitable of Iowa.

1867

Federal Life..

[1900

Fidelity Mutual.

1899*

717,940 397,457 88,261 2,657,270

3,406,435

11,135

15,769,525 2,711,828 2,214,027

88,186 1,990,377

2.391.573

[blocks in formation]

19,208,715

39,094

84,306,448

3,930,172

44.226 3,318,966

Franklin Life.

1898

850,413 647,877

[blocks in formation]
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Germania

1860

4,931,379 3,628,777

10,464,929

54,723

85,852,001

28,790,810

24,957,399

German Mutual.

1858

62,035

53,613

[blocks in formation]

366,882

Hartford Life.

1869

2,504,701

2.571,369

14,692,959

52,531

77,646,738

2,788,029

2,127,904

Home Life, New York..11899

3,050,173

2,017,873

12,243,695

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Illinois Life..

1899

877,899

[blocks in formation]

Inter-State of Indiana..1899

193,627

113,750

2,260,827

[blocks in formation]

Inter-State of Ohio.

11901

[blocks in formation]

885,600

547

885,600

118,724

Kansas Mutual.

[blocks in formation]

313,385

2,832,430

6,802

11,358,709

598,029

Manhattan

1850

2,943,826

[blocks in formation]

64,206,959

16,791,346

Maryland

11865

349,388

291,998

1,104,230

4,030

[blocks in formation]

Massachusetts Mutual..1851

6,331,788

4,353,725

21,247,029

61,674

146,106,721

28,291,564

Meridian L. & T..

1897

26,872

Michigan Mutual..

[blocks in formation]

14,614 1,252,448

[blocks in formation]

608,936 176.867 9,149 446,627 15,136,924

1,850,412 25,892,364

9,148

11,502,020

Minnesota Mutual....

[1901.

748,732 470,973

4,566,129

[blocks in formation]

6,971,076

14,160,629

1,805,326

1,192,632

From the Insurance Year Book for 1902.

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AMERICAN LIFE INSURANCE COMPANIES, BUSINESS IN 1901.-Continued.

[graphic]

1862.

1863

12 2,653,500|

2,305,892

1864

27 3,134,200

From the Insurance Year Book for 1902.

INCOME AND DISBURSEMENTS OF LIFE INSURANCE COMPANIES-1862-1901. The following statistics show the financial condition of all life insurance companies reporting to the New York Insurance Department during the past forty years:

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28 $2,310,000

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$30,123,3321 $1,705,610 $2,801,419 $85,867 $3,759,153]
37,838,190
49,027,297 3,136,659 4,581,325 141,182

Number.

Amount.

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3,699,661 129,371

5,764,043

98,095

267,658,677

[blocks in formation]

64,232,123 4,125,442

[blocks in formation]

7,021,649
6,232,036 277,700 10,595,355
91,587,028 6,071,759 10,187,805 218,526 17,176,666
125,548,951 7,628,430 16,504,409 340,361 26,325,213]
175,262,330 10,108,134 26,529,084 640,248 40,959,021
70 9,876,364 229,097,425 15,640,266 36,575,593 617,505 54,471,576
269,520,441 19,455,908 44,949,257 578,152 63,876,840
68/10,898,359 302,558,199 28,685,923 56.661,039 632,534
59 9,667,416 335,168,543 25,578,371 59,672,388 528,008
360,140,684 27,124,575 66,840,264 452,976
387,281,897 25,655,389 64,868,833 376,619
403,142,982 24,994,840 65,489,810 364,062
407,406,333 22,338,037 63,109,354 334,410
396,420,591 20,977,923 60,652,974 356,785
404,097,145 19,655,882 60,886,669 249,350
411,555,247 22,646,609 57,399,971 287,272
418,119,163 21,864,522 53,198,048 339,355
429,788,508 22,815,952 52,706,157 250,624 65,815,377
449,994,616 23,007,639 52,794,761 276,400 66,693,779
597 646,847 35,931,143 68.972,710 315,197 72,445,653
492,240,597] 27,126,634 58,471,954 349,591 77,603,161 750,713
524,705,494 30,331,300 61,637,373 376,981 81,499,913 814,691
561,551,080 30,817,888 61,521,327 339,451 84.111.350 848,908
597,646,847 35,931,143 68,947,470 403,362 95,979,784) 930,588
643,622,033 40,293,292 75,226.244 354,836 106,284.574 1,022,546
700,868,017 43,996,385 80,604,990 372,385 118,092,648/1,141,733
758,313,654 49,880,865 88,462,239 413,127 131,288,705 1,276,167
826,623,746 54,598,198 95,140,902 571,783 141,041,093 1,405,684
903,734,547 62,734,637 102,621,820 602,783 152,890,333 1,540,932

[blocks in formation]

81,232,333

77,536,280 785,360 2,101,461,834 78,207,257 804,444 2,114,742,591 84,501,446 817,081 2,086,027,178 799,534

1,997,236,230

79,982,466

76,618,183

74,337,324

774,625 1,922,043,146
706,179
633,096

72,128,070

1,735,995,190 1,556,105,323 612,843 1,480,921,223

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[blocks in formation]

INCOME AND DISBURSEMENTS OF LIFE INSURANCE COMPANIES-1862-1901.-Continued.

1893. 1894

1895. 1896. 1897 1898. 1899. 1900. 1901.

Years.

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32 8,570,500 971,857,224 65,406,796 110,566,414 768,563 166,512,254 1,681,511
33 8,970,500 1,056,331,683 67,914,136 116,054,725 735,063 177,863,333 1,780,307
35 9,570,500 1,142,419,926 71,925,224 122,978,718 741,313 185,772,902 1,877,808
36 9,810,500 1,228,324,342 76,110,579 134,219,515 793,052 199,173,299 1,975,747
35 9,740,500 1,334,051,345 76,977,875 137,514,815 739,554 205,866,394 2,155,241
36 9,740,500 1,451,116,914 81,409,305 144,787,604 829,151 218,515,257 2,364,597
37 9,740,500 1,576,334,673 92,800,710 155,786,799 745,063 243,154,558 2,700,550
40 10,340,500 1,723,737,723 98,534,789 165,704,652 980,563 261,467,238 3,071,253
38 10,165,500 1,879,624,564 110,108,487 183,393,529 736,313 287,181,045 3,458,464
LIFE INSURANCE BY STATES, 1901.

Amount.

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[graphic]

SPECIAL INSURANCE ORGANIZATIONS.

Prepared from statistics published by the Spectator Company in "The Life Insurance Year Book" for 1902.

Expenditures.

Form of Insurance.

companies.

Income.

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Aetna Life.

American Mut. Lia. Ins.

1887

Central Accident Ins..

1895

150,000

333,114

1850 $1,750,000 $59,590,053 $53,540,450 $1,329,978) $581,995 $1,233,112 $182,998,619 388,557 196,131 261,299 236,798 271,705

94,414,600 62,129,685

Continental Casualty.

[blocks in formation]

849,756

Employers' Lia. Asso. Corp.

[blocks in formation]

1,767,971

Employers' Mut. Indemnity.

1892

115,385

Fidelity and Casualty.

[blocks in formation]

4,416,913

Frankfort-American

1898

300,000

537,968

[blocks in formation]

44,106,534

330,637,790

12,437,850

804,471.898

46,346,688

Frankfort Marine, Acc. and

Plate Glass Ins.

[blocks in formation]

Gen'l Accident Assurance.

1891

250,000

434,611

126,478

Gen'l Accident of Phila.

18991

[blocks in formation]

132,848

256,057
86,468

72,426

[blocks in formation]
[blocks in formation]

Grt. East. Cas. & Indemnity. |1892

125,000

236,812

199,019 156,261

44.763

150,086

93,315,000

London Guar. Accident..

200,000

1,231,818]

786,829

Maryland Casualty

1898

[blocks in formation]
[blocks in formation]

93,799,400

770,999 1,590,795

142,934,582

New Amsterdam Casualty.

1898

314,400

576,179)

524,546 349,140

168,096

350,398

63,957,406

North Amer. Accident Ins.

1886

100,000

234,827

[blocks in formation]

47,198,939

[blocks in formation]

500,000]

4,958,806

[blocks in formation]

98,464,017

[blocks in formation]
[blocks in formation]

65,122

32,709 78,963

10,022,250

Philadelphia Casualty.

[blocks in formation]

171,646

Preferred Accident Ins.

[blocks in formation]

Standard Life and Accident.

[blocks in formation]

Travelers'

1864

1,000,000

Union Accident Stock.

1901 100,000

133,860

Union Casualty and Surety.

1892 250,000

524,994

United States Casualty.

1895 300,000

1,292,172

U. S. Health and Acc. Ins..
Burglary:

1901

200,000

279,044

Bankers' Mutual Casualty...

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[blocks in formation]

Credit:

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The following companies transact more than one class of insurance business: Aetna Life, Aetna Indemnity, Bankers' Surety, Central Accident, Continental Casualty, Employers' Liability Assurance Corpors tion, Fidelity and Casualty, Frankfort-American, Frankfort Marine, Accident and Plate Glass, General A

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