The true Democrat., 1855-03-21
Total net remittance to the Hart

l Otitl ueb TSIIllGtduc0 tO Jue ElafC-
 ford office, in the last six years $179,276 57
 These remttances are net, i. e. after deduct, ing all drafts on Hartford, or payments of every descri ption by the Hartford office for the Vest ern Department.
 The foregoing period comprises, also, the sweeping loss at Chillicothe, Ohio, by which $69,327 O8 was lost, and wholly paid for at Cincinnati
 This Is the equivalent of over 1O1a per cent per annum upon the capital stock of $291, 800, as tho result of the business of the Western Depa, tment only, during the said period
 It will be observed that the aggregate net re- mittance of S298, ,68O O9 exceeds $291, 800 by tai has been more than doubled by profits earn ed in the Western Department and paid over to the secretary
 These netremittances have been made con- currently with the payment at the general agency office of western losses and expenses of every description, and the business of 1854 to Sept. z, was fully as profitable as the average of previous years, giving fair promise of an equally satisfactory result, if it had been per. mitted to progress to December 31st
 The undersigned was led to repose great con- >fdence in the stability of the company, from his knowledge of the large and increasing pro. fits of the department which he had in charge. Accordingly he invested $2O,45O in the stock, of which fifty per cent, or $1O, 225, was in the shape of stock notes. One half of the capital stock being in notes, their aggregate amount must have been S145,9 300, which it is under stood were publicly pledged for the payment of losses if needed. The payment of the S1O,- 225 of stock notes given by the undersigned, is amply secured. They shall be paid, principal and interest, to righM claimants only, so far as his action can determine their use. There re- main, then, $135, ,675 of said stock notes, also held at Ha, tford, of which, it is not doubted, you will require an honorable application
 The trial balance No. 349, appended to monthly account No. 349, to September z, t1S54, forwarded to Wm N Matson, esq, rus ee, exhibits the final assets of the company appertaning to the Western Department The excess of debit over credit balances therein, represents the balance in favor of the company by the general agency ledger, viz: S6,19O 15 being also the residue of the companv's aggre- gate credit, viz: ESP, 414,795 47, after the pay meEt of losses, expenses, return premiums and remlttances to Hartford.
 An inspection of this trial balance will show that the sum of S8,86l '57 yet remains due tc me, which is subject to some deductions here after to be determined, and to arise chiefly up- onthe release of certain appeal bonds in litigat- ed rgses of claims for loss, aft r the judgments witla costs, etc. have been fully as"crtained and dschar -ed.
 l.. closing this communication, your atten. tioA is respectfully directed to the fact that the cqgual stock acroant of the Protection Insurance company, of Hartford Conn.,, my be correctly stated aS follows Exclusive of the many mil lions of dollar, additional, received for preu4i- une5 etc. n the Eastern D epartment) viz: CAPITAL STOCK (oIg d at Hart
 ford @20l. 800 OO WESTERN NET PROFITS, T4m.e-
 ted to Hartford 298G8O O9