But I leave to the companies
themselves to show to what extent such circumstances have affected their
ratios; except that, in regard to the several net rates of interest
earned, it is proper to say that in all cases in which they considerably
exceed the average of 5.42 per cent. it will be found, by referring to the
details of interest receipts reported to the Commissioner, that the excess
is owing to the fact of exceptional profits by the sale of stocks, or
recovery on investments previously reckoned as loss.
WALTER C. WRIGHT.
Medford, Mass., Sept., 1884.
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