DETROIT
10
Mo'os Chitim Committee Elects Officers; Sets
Aside March 15 as Mo'Os Chitim Sabbath
At the last meeting of the Mo'os
Chitim Committee held at Cong.
Shaarey Zedek, four officers were
elected to serve as vice-chairmen.
They are: Abe Ackerman, Hyman
Altman, Mrs. David Goldberg,
Mrs. Al Weisman.
In addition, four new members
were added to the executive board.
They are: Mrs. Norman Snyder,
Mrs. Morris Zackheim, Isaac
Shetzer, Louis Dann.
Last year's sub-committee chair-
men were reappointed, with the
exception of the clerical commit-
tee, of which Mrs. Morris Loeb
was made chairman.
Last year for the first time in
the history of the Mo'os Chitim
Committee the Detroit synagogues
set aside Purim-Sabbath as "Mo'os
Chitim Day" and congregational
members made contributions for
Passover relief after the evening
March 14, 1941
JEWISH CHRONICLE and the Legal Chronicle
services. A review of the money
collected last year by this plan
indicated that it was worth while
and merited continuance. The com-
mittee, therefore, has requested
the synagogue;; to designate this
year the Purim Sabbath of March
15 as "Mo'os Chitim Day."
The next meeting of the com-
mittee will be held on Tuesday
evening, at Congregation Shaarey
Zedek. All interested organizations
and individuals are invited to at-
tend.
Appeal for Aid
To Stoliner Rabbi
An urgent appeal was received
this week for aid to the Talmudic
scholar Rabbi Shlomo Stavin, dean
of the Stolin Yeshiva, formerly
of Poland, now a part of Soviet
Russia.
A group of outstanding rabbis,
among them Chief Rabbi B. Sha-
piro of Kovno, Lithuania, and
Rabbi Z. Zorotzkin, have 2oined
in making the appeal
and in
urging help for Rabbi Slavin
who, together with his family,
are suffering deprivation. The
late Rabbi Chaim G•odzenski ap-
pealed for Rabbi Slavin before
his death.
Rabbi Jacob Hoberman of Con-
gration Beth Itzchok, 3836 Fisch-
er Ave., Detroit, a former student
at the Stolin Yeshiva, is in
charge of solicitations for hte
Stoliner Rebbe's fund, and it is
urged that contributions be sent
to him.
Life Insurance in action!
B
Life Insurance is an active,
continuing force—a living force in the homes
of millions who share its benefits.
Last year Metropolitan visited many homes in
times of family crisis, for a total of over $182,000,-
000 was paid on account of death claims to scores
of thousands of beneficiaries of Metropolitan pol-
icyholders. Dividends, matured endowments,
annuity payments, disability, and health and acci-
dent claims, and other benefits paid or credited to
living policyholders during the year amounted to
more than $426,000,000. The total of almost
$609,000,000 for payments to policyholders and
Y
VERY NATURE,
nursing service for eligible policyholders, its re-
search, its health and safety literature and adver-
tising, Metropolitan again contributed to the task
of bringing better health to America. The death
rate of Metropolitan policyholders as a whole con-
tinued to be low, and mortality among Industrial
policyholders was approximately the same as the
1939 figure, a record low for this group.
Metropolitan is a mutual life insurance com-
pany. This means that the assets of the Company
are held for policyholders and their beneficiaries.
The value of these assets will ultimately be paid
out for their benefit ... and for them only.
beneficiaries is a record high for the Company.
Metropolitan funds, invested for the benefit of
its policyholders, continued to play a part in the
economic structure of the nation. These funds
aided in financing Government activities, helped
to keep industry humming and men in jobs, to
erect public and private buildings, and assisted
farmers to own their farms and to keep them in
proper repair. However, the low interest rates
generally prevailing, continued to have their effect
on the Company's earnings and consequently on
dividends to policyholders.
Moreover, through its Welfare activities, its
Business Report for the year ending December 31, 1940. (In accordance with the Annual Statement filed with the New York State Insurance Department.)
OBLIGATIONS TO POLICYHOLDERS, BENEFICIARIES, AND OTHERS
ASSETS WHICH ASSURE FULFILLMENT OF OBLIGATIONS
National Government Securities
$1,063,435,444.96
84,167,875.97
U. S. Government
Canadian Government
Other Bonds
U. S. State
& Municipal . .
Canadian Provincial & Municipal
Railroad
Public Utilities
.
Industrial & Miscellaneous .
Stocks
All but
$1,147,603,320.93
1,947,840,273.51
98,597,960.88
104,071,903.62
556,382,872.40
709,433,300.58
479,354,236.03
Farms
Other property
Amount which, with interest and future premiums, will assure
payment of policy claims.
Set aside for payment during the year 1941.
Held for Claims
86,359,622.68
Including claims awaiting completion of proof and estimated
amount of unreported claims.
Other Policy Obligations
Including reserves for Accident and Health Insurance, divi-
dends left with Company, premiums paid in advance, etc
937,226,443.47
82,104,425.08
855,122,018.39
Miscellaneous Liabilities
Liabilities not included above, such as taxes due or accrued
504,549,131.45
430,945,055.68
Loans on Policies
Real Estate Owned
Includes real estate for Company use, and housing projects.
150 740 516 25
Cash
90,232,179.03
62,295,093.32
Premiums Outstanding and Deferred
Interest Due and Accrued, etc.
139,378,189.86
23,183,629.31
44,729,420.90
32,284,133.01
”,017,551,552.08
TOTAL OBLIGATIONS
Special Funds
Surplus
This serves as a margin of safety, a cushion against contin-
gencies which cannot be foreseen.
$5,357,791,636.32
TOTAL
$4,665,558,926.00
112 417 253 00
Dividends to Policyholders
Reserve for Future Payments on Supplementary Contracts .
$47,952.13 are Preferred or Guaranteed.
First Mortgage Loans on Real Estate
Policy Reserves required by law
16 370 000 00
323,870,084.24
$5,357,791,636.32
TOTAL
NOTE —Assets carried at $238,267,054.59 in the above statement are deposited with various public officials under require-
ments of law or regulatory authority. Canadian business embraced in this statement is reported on basis of par of exchange.
Metropolitan Life Insurance Company
FREDERICK H. ECKER,
Chairman of the Board
(A MUTUAL COMPANY)
LEROY
A. LINCOLN, President
1 Madison Avenue, New York, N. Y.
DIR
E
D'ALTON CORRY COLEMAN
FREDERICK II. ECKER, New York, N. Y.
Chairman of the Board
Metropolitan Life Insurance Company
• MITCHELL D. FOLLANSBEE, Chicago. III.
Member, Follansbee, Shorey and Schupp
Attorneys at Law
JOSEPII P. DAY, New York, N. Y.
President, Joseph I'. Day, Inc., Real Estate
LANGDON P. MARVIN, New York, N. Y.
Member, Emmet, Marvin and Martin
Attorneys at Law
WILLIAM L. DE BOST, New York, N. Y.
President, Union Dime Savings Bank
JEREMIAH MILBANK, New York, N. Y.
Milbank & Co.
*Died Jan. 26, 1941
Montreal, Canada. Senior Vice-President,
Canadian Pacific Railway Company
NEWCOMB CARLTON, New York, N. Y.
Chairman of the Board
Western Union Telegraph Company
LEROY A. LINCOLN, New York, N. Y.
President, Metropolitan Life
Insurance Company
HARRY W. CROFT, Greenwich, Conn.
Retired, formerly Chairman of the Board
Harbison-Walker Refractories Company
THOMAS II. BECK, New York, N. Y.
President, The Crowell-Collier Publishing
Company
WALTER EWING HOPE, New York, N. Y.
Member, Milbank, Tweed and Hope
Attorneys at Law
CT
OR
S
SAMUEL W. FORDYCE, Sr. Louis, Mo.
Member, Fordyce, White, Mayne, Williams
and Hartman, Attorneys at Law
GEORGE MCANENY, New York,
N. Y.
Chairman of the Board
Title Guarantee and Trust Company
ROBERT V. FLLMING, Washington, D. C.
President and Chairman of the Board
Riggs National Bank
FREDERIC W. ECKER, New York, N. Y.
Vice-President
Metropolitan Life Insurance Company
WINTHROP W. ALDRICH, New York, N. Y.
Chairman of the Board
Chase National Bank of New York
WILLIAM W. CROCKER, San Francisco, Calif.
President
Crocker First National Bank of San Francisco
•
AMORY HOUGHTON, Corning, N. Y.
President, Corning Glass Works
Louis S. ST. LAURENT, Quebec, Canada
Member, St. Laurent, Gagne, Devlin &
Taschereau, Attorneys at Law
ERNEST E. NORRIS, Washington, D. C.
('resident, Southern Railway System
THOMAS II. MCINNERNEY, New York, N. Y.
President, National Dairy Products Corp.
PHILIP D. REED, New York, N. Y.
Chairman of the Board
General Electric Company
JUAN T. TRIPPE, New York, N. Y.
President, Pan-American Airways System
WEBSTER B, TODD, New York, N. Y.
('resident, Todd and Brown, Inc., Builders
.......................
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.
Illustration shows the New York City Home
Office of the Metropolitan Life Insurance Com-
pany. Head Offices are also maintained in San
Francisco, and in Ottawa, Canada. In addition,
over 1,100 District and Detached District Offices
arc maintained throughout the United States and
Canada for the convenience of policyholders.
r.