The enquirer. [volume] (Richmond, Va.) 1804-1815, 1804-09-08
PART THE THIRD.

HAVING explained the leading principle and
the mott important bye-iasvs of this inftituticn,
1t only remains for me to draw out fpecific
ftatement of its funds and its expenditures and
to add iuch other obitrvations, as my ferve to
explain its peculiar advantages and defects.
The number of houies declared for infurance
lince its organization TO the irit of Auguit 1904,
amounts, by the records, to 76O2.--Of thefe
1888 are htuated i'll the country and 1868 in
the towns.
Their eftimated value is s,o5o,9oo dolls. As
fourffths Of this fun only is injured, the infiir-
ed value OF the buildings is equal to 6,44o,72o
dollars.
Upon calculating the premiums on this fam,
they are found by the records, to amount to
l75,94o dolls. and IT cents.
The number of houfes which have been def
troyed iince the commencement of the nititu-
ton, to the 1T of Auguft 1904, is ia.
The loies on thefe buildings (incluiive of tic
late fire at Norfolk) amount to 176,23l dollars
| II cents. ~
1t thus evidently follows, that the number of
houfes which have been detroyed Gnce the COM
mencement OF the infitution, is TO the whole
number injured, nearly in the ratio of ia to
7,6o2; that is, nearly the lo2d part that the
fum OF the lofics is to the fun of the premiums
actually incurred in the ratio of I76,2Sl dollars
IL cents TO l75,94o dollars II cents; that is,
that the loiies exceed the premiums BY 29I dol
lars 81 cents and that confequently if the To-
ciety had no other refources, it mutt before this
time have become bankrupt in its funds. Thefe
refources have conffed the rev quota, which
it called for in the year i799 & of the interelt
and dividend, which its funds have produced.
| The quota, which was called for in 's9 a.
| mounted upon paper to dolls. 56,643 s cts.
What pert of this fun has been actually receiv-
ed, will appear from the following ftatement.
| The funds of the fociety have heep vefed in
two different ways for the purpofes of annual
accumulation in public 6cuifieS, and in Ba,eJ
of the Alexandria Bank. The mteyeR of the
public fecurities up to 92nd. of February, 1904,
| (the period to which the accounts have been ac-
curately fettled) amount to dolls. 23,s4I 90 cts
The Dividend on the bank flares up to the fame
period, amounts to S,94s dollars.
From this it will follow that the whole amount
of the quota of 49, and of the intereft and divi-
dend of its veted funds may be expreaed on
paper by the fun of s5,e3s dollars.
The following ftatement, which was made
out by the company at their laf meeting on the
SLIT of July 1904, will ierve to exhibit at one
view the actual fate of the funds of the fociety.
1t will be fufficient to fhow:
| lift. What part of the premiums and quotas
| has been actually received.
ed. In What kind of flock thefe funds have
been vefted.
Sd. What will be the probable amount of
thofe funds when the late lofies have been
discharged.
This aatement deferves to be introduced by
two remarks, lift. that the value of the active
flock is merely conjectural, and edly, that the
two items of EXpences &C." and HLoffes
PAID under the head of expenditures, relates
to the time which has elapfed iincc the esd of
February, 1904. 2,