The daily exchange. [volume] (Baltimore, Md.) 1858-1861, 1858-03-02

- All S42o
Leaving profits the year ........ s663 AL So
DISTRIBUTED AS FOLLOWS
Dividend of interest in July to
Stockholders. .............. e35 10000
Dividend of interest in January
to Stockholders. ........., "a OOOOO
Interest to Scripholders of 6 per
cent. on amount issued, to be
paid February 10. =. ls583oo
Reserved to estimated loss
es by Marine disasters and
bad debts .................. 100000
Available for distribution as div
dend of net profits, say to
Stockholders and y to Poll
cy Holders, provided by
Charter OF Company...,... 3l3,9OS.55
- s6o3, 4455
THE COMPANY HAVE THE FOLLOWING ASSETS
City Bonds and Loans Bonds
and Mortgage on City prop
Observation-Disclosures. $24OOOOOo
other stocks.........,....... So, 296 SO
Adjusted Reinsurance Claims on
other Companies. 52,65442
Bills received, and accounts due
the Company, (aUerdge maturity
Uncolected Prem. and Interest,
&c............................ 22s5264
Cash in Banks. INSTRUMENTATION. 97,6S976
2276, 82s7s
REPRESENT.
Cash Capital. 81 600 10000
Scrip OF 1867 .................... 325, 5000
" 1858, Ito be issued June
Interest to be paid Stock and Scrip
Holders, Jan. LIST, and Feb. 10,
1858. .;................ ....... 54,533Oo
Dividend to Stockholders be
paid Feb 10TH 185S........... 7S,477l4
Reserved to cover estimated losses
and bad Observation-Disclosures. 26OOOOOO
Prem on Risks not yet expired, 32015099
Undivided Stockholders Divid'd
una oil last year, &c.......... 1855.
The amount set apart as Scrip Div.
idend being q, the net profits 1926 .43l
We recommend therefore a Scrip
Dividend of Is per cent. Oh the
81 $50 900, estimated
mated without loss which will
amount to.................... 232 10000
Leaving an undivided balance off, s2e314I
There is to credit of the StOckhol-
ders undivided balance of
last years profits. ............ S1,S3413
To which carry Il of the net
profit OF this year. 7S,477.A $s0,3ll27
We recommend therefore cash dividend offs
per cent. to be paid out of this fund to Stock
holders, which will amount to. SS000OoO
Leaving an undivided balance Off,. s3ll27
To the President and Directors Of tie Great Western
(M1rine) Insurance Company:
The undersigned, Committee appointed by your body
to examine the accounts and report upon the financial
condition of your Company have say that they have
compared the books with the condensed above
submitted, and find them to correspond accurately.
They have also examined the loans made bonds and
mortgages and stock collateralS, and find them
amply secured.
In regard to the Bills Receivable your Committee have
made an estimate of such as are suspended and the
S5S 1867 which have valued at S3l 74O or at
about 81 per cent. on the dollar.
We also think proper to call the attention the Board
the of Bills Receivable which we consider
consists the great strength of Company; they
the but sixty days to the average maures
being the 10Th day of March.
We therefore recommend that the dividend the stock
and the interest on the scrip be paid according to the
statement submitted, and after the 10th day of Feb
rury and that the new scrip be issued and after June
lst to Policy holders.
All of which is respectfully submitted
JAMES Bernhard, ]
ADRIAN ISELIN, Committee
II. F. SPAULDING,
On motion, this report unanimously accepted, and
' y ~ DOUGLAS ROBINSON,
Great Western Buildings, Jan. 20 1858.
DIRE
W. C. PICKERsGILI,, of W. c. Pichersgil Co
| }. L. ASPINWALI., of Rowland K AspnwaL
| R. CALDWELL, of Robert Caldwell 4 Co
| JOHN ALLEN, of Hopkins Allen & Co.
! W In, f. e G l.,,,l of Williams 4 Ggion
| TIOS. RICHARDSON, of 7. Richardson K Co
! JOHN ?. BROWN, of Brown Il De Bossett.
| JAMES W. PHILLIPS,
! A. LACHAISE, of Lachaise, Fauche & Co
CHAS. IL. DABNEY, of Duncan, Sherman & Co
wM. LoEsCIIGK, Of Loeschigk, Wessendonb Co
GEO. GRISW0ID, JR, of L. X G. GrswoId
! n CHANDLER, Of J. Munroe Co, Paris.
SAML D. BABCoCK, of Babcock, Bros 4 Co.
L. H. l. BRIGHAM RIG HAN 3G of Brigham Parsons
WAS, SP PRGTH Of hunkelmann Streckerl
| II. +. SPAULDlNG, Of Spaulding, Vol & Fuller.
VIM G. LANE, of VIM. G. Lane ( Co,
! ROBT. SPEEDING, of SPEEDING 4 Howe
SAML BATES, of Stone X Co.
! J. B. JOHNSTON, of Booman Johnston & Co.
! VIM NJ. EYARTS, of Butler Evars & Southmead
E. LAHENs, of J: Lahens Co.
! GEO. BLISS, OF Phelps, Bliss * Co.
| JAS. T. SOUTTER President Bank Of the Republic
| G. G. SAMPSON, of Sampson Baldwin.
| JAMES Bernhard, of Bernhard & Hutton
| FREDK C. GEBHARD of Schuchardt & Gerhard
! J. LEAYCRAFT, of Leaycraft 4 Co.
| SAM'L b. CALDWELL, of Brewer & Caldwell
| GEO. W. JENNINGS, of Hennngs, Muller < GesIing
E. L. TRENHOLM, of Jno Fraser Co, Charleston S C.
! THOS, B. CURTIS, Boston
! President
RICHARD LATHERS.
/ VicePresident.
JOHN A. PARKER
ID Vice-Presdent,
JAMES F. cox
Secretary,
DOUGLAS ROBINSON
Great Western Buildings Nos 80 and So Pine street
COLIN MACKENZIE, gent in Baltimore
Office, numerical Buildings.
| f2 If Corner Gay and Lombard SITS
OFFICE OF THE SUN MUTUAL IN