II. LIABILITIES. Gross claims for losses adjusted and unpaid... $15,747 09 $18,122 09 Total gross claims for losses Total liabilities, except capital and net surplus Surplus beyond capital... Aggregate liabilities, including paid up capital and surplus III. INCOME, 1875. Gross cash premiums received.... Net cash actually received for premiums. $146,905 41 $129,691 08 12,301 62 30,000 00 $141,992 70 $94,833 48 18,000 00 Salaries of officers, clerks and other employes. 19,640 47 5,541 11 Amount paid for State, National and local taxes. 2,037 07 All other expenditures, viz. Temporary currency loan on collateral.... Total amount of outstanding risks Dec. 31st, 1875....... $9,120,442 78 date... Total losses paid from organization of company to date..... 356,326 60 177,762 45 VI. BUSINESS IN MINNESOTA, 1875. Attorney to accept service in Minnesota, C. H. GRAVES & Co., Duluth. I. ASSETS. Market value on bonds and stocks owned.... $482,267 50 Amount loaned on collateral security, (market value $221, 960.50... 176,250 00 Cash on hand and in bank... 59,139 23 Interest due and accrued on bonds and stocks not included in market value.... 2,140 50 Premiums in due course of collection. 28,772 25 Bills receivable, taken for Marine and Inland risks. 86,009 53 All other property, viz.: Subscription notes, premium on gold, etc.; Total..... 167,619 64 Aggregate amount of all actual available assets. $1,002,391 15 II. LIABILITIES. Net amount of unpaid losses.. ... Amount required to safely reinsure all outstanding risks... All other demands against the company, viz.: Certificates of profits, interest due to scripholders, cash dividends, etc.; return premiums, reinsurance, etc.. Total liabilities except capital and net surplus. Outstanding scrip.. Surplus.... Aggregate liabilities including paid up capital and surplus $1,002,391 15 III. INCOME, 1875. $789,104 09 Gross cash premiums received... Deduct reinsurance, rebate and return premiums Net cash actually received for premiums.. Cash dividends actually paid..... Net amount paid for losses...... Scrip or certificates of profits redeemed in cash.... Paid for commissions and brokerage... Amount paid for State, National and local taxes.. All other expenditures, viz.: Loss on notes, office expenses, $497,783 74 41,904 72 4,076 00 $543,764 46 $349,688 78 40,436 40 71,655 00 39,964 03 51,919 57 11,225 35 89,875 36 $654,764 49 Total amount of outstanding risks December 31, 1875.... Principal Office, Paterson, cor. Washington and Ellison street. [Organized and commenced business May, 1872.] JOHN J. BROWN, President. T. SHERMAN, Secretary. Attorney to accept service in Minnesota, MCNAIR & DOLLIVER, Minneapolis. Paid up capital stock.. I. ASSETS. Amount loaned on real estate security (first liens).. Amount loaned on collateral security, (market value $9,050). Interest due and accrued on bonds and stocks not included Interest due and accrued on collateral loans. All other property, viz.: Rents due and accrued. Aggregate amount of all actual available assets................... II. LIABILITIES. $204,200 00 $80,312 20 30,080 27 163,328 75 7,500 00 33,271 64 240 00 316 75 35,791 35 743 33 $324,584 30 Losses in process of adjustment, or in suspense. 14,913 83 1,013 13 Net amount of unpaid losses.... Total liabilities, except capital and net surplus Amount required to safely reinsure all outstanding risks.. All other demands against the company, viz.: Due for salaries, commissions, &c..... Joint stock capital paid up in cash.......... Surplus beyond capital.. Aggregate liabilities, including paid up capital and surplus $15,926 96 2,000 00 $13,926 96 64,749 87 7,629 93 $86,306 76 204,200 00 34,077 54 $324,584 30 III. INCOME, 1875. Gross cash premiums received. $106,479 56 Net cash actually received for premiums. Salaries of officers, clerks and other employes. $27,772 18 2,390 00 All other expenditures, viz.: Rents, $600 00; miscellaneous, &c., $959.00... 1,559 00 Aggregate cash expenditures during the year... $47,971 83 V. MISCELLANEOUS. Total amount of outstanding risks Dec. 31, 1875.......... Total losses paid from organization of company to date.......... $7,481,345 00 149,352 66 40,969 40 Attorney to accept service in Minnesota, CHAS. SHANDREW, St. Paul. Paid up capital stock.......... I. ASSETS. $200,000 00 Value of unincumbered real estate owned... $81,421 09 Amount loaned on real estate security, (first liens,). 123,600 00 4,632 25 69,817 50 Amount loaned on collateral security (market value, $60, 550.00)... 44,100 00 Cash on hand and in bank.. 38,683 64 Interest due and accrued on bonds and stocks not included |