The daily exchange. [volume] (Baltimore, Md.) 1858-1861, 1858-02-26
AtsnraNff.

STATEMENT OF THE GREAT WEST
~ ERN (dARINEl INSURANCE COMPANY for the
fiscal ending Slst December 1857 required by the
Charter.
Premiums outstanding Risks
Dec 8lst, 1856. ............... 1854 sS4s7
Premiums from Jan. LIST to Dee.
3lst, 1851. ................... 2216767 81
Total Marine Premiums s2,771, 6O2 40
Premiums marked off earned
for the year................... 2,451, 45159
Interest received on Investments 100000
s2,4s4477 SO
Tess Return Premiums Discount
otrPremlums, &c............. 359,694S4
Leaving net earnings of the Company SABA 1872 rs
losses justed and paid ....... 81 337 0SS. SS
Reinsurance account paid. 90,592.27
Expenses, including taxes on Cap
tal Stock. .................... 4366oO5
- 1471 341 20 |
Leaving net profits for the year....... 1868 44l55
DISTRIBUTED AS FOLLOWS.
Dividend of interest in July to
Stockholders ................ S35 10000
Dividend of interest in January
to Stockholders. ............ 100000
Interest to Scriphoders of per
cent. on amount issued, to be
paid February 10. .. 500. 1953300
Reserved to cover estimated loss
es by Marine disasters and
bad debts. ................. 26o,OOOOO
Available for distribution as div.
dend of net profits, say to
Stockholders and Y to Poll
cy Holders, as provided by
-------- $685., AL SIS
THE COMPANY HAVE THE FOLLOWING ASSETS.
City Bonds and Loans Bonds
and Mortgage on City prop
erty....:..D...:....:... s24oOoooo
Loans on Call secured by State and
other stocks. ........,....... 351 1896 Sc
Adjusted Reinsurance Claims
other Companies. ............. 5265442
Bills received, and accounts due
the Company, tdverdge maturity
10Th March ................... 1872 1854
Uncolected Prem. and Interest,
NEUTRALITY-SUSPICIOUS.. 22s5264
Cash in Banks ..................- 97,6S976
REPRESENT.
Scrip of 1857 NEUTRALITY-SUSPICIOUS.. 1916, 5000
1858, Ito be issued June
Interest teri to be paid Stock and Scrip
| Holders, Jan. 1st, and Feb. TO-
Dividend to Stockholders to be
| paid Feb 10th, 1855. 7s,477.14
| Reserved to cover estimated losses
and bad debts. ................ 260,000.O0
| Prem Risks not yet expired. 320'l50.e9
! Undivided Stockholders Divd'd
| Fund OF last year, &c...-. 2bSo23 80 49,.
| The amount set apart as Scrip Div
idend being "a the net profit is S235 ,43l. Al
| We recommend therefore Scrip
Dividend of 10 per cent. on the
81 $50 900, estimated terml-
mated without loss, which Will
| amount to........... ZoZooooo
Leaving an undivided balance Off,. s2,ssl.A
| There is to credit of the Stockhol-
ders undivided balance of
last years profits ............. S1,s3413
To which carry \ of the net
profit OF this year 1S41II4 SSo,3ll.Zi
We recommend therefore, cash dividend offs
per cent to be paid out of this fund to Stock
holders, which will amount to............ SS0OOOOO
Leaving an undivided balance Off,. ssl1 27
To the President and Directors of the Great Western
(M1rine) Insurance Company:
The undersigned, Committee appointed by your body
examine the accounts and report upon the financial
condition of your Company have to say that they have
compared the books with the condensed statement above
submitted, and find them to correspond accurately.
They have also examined the loans made bonds and
mortgages and on stock colateras and find them most
amply secured.
In regard the Bills Receivable your Committee have
made estimate of such suspended and report the
S5S 9l6 g. which have valued at S31 740
about 81 per cent. on the dollar.
also think proper call the attention the Board
the of our Bills Receivable in which consider
the great strength of our Company they have
the average but sixty days the average maturte
being the goth day of March.
We therefore recommend that the dividend on the
and the interest on the scrip be paid according to the
statement submitted and after the 10th day Of Feb
ruay that the scrip be issued and after
LIST, to Policy holders.
JAMES Bernhard, J
ADRIAN ISELIN, Committee.
H. F. SPAULDING,
On motion, this report unanimously accepted ant
'''i''N y ~ ''' VI " DoUGLAs ROBINSON,
Great Western Buildings, Jan 20, 1858.
DIRE CTORS.
W. C. PIcKERsGILL, Of W. C. Pickersgill ( Co.
J. l.. ASPINWALL, of Rowland Aspinwall.
r. CALDWELL of Robert Caldwell & Co.
JOHN ALLEN, of Hopkins, Allen & Co.
| WIN. f. GUION, of Williams & Guon.
ADRIAN ISELIN, of A. Iselin & Co.
TH0s. RICHARDSON, of r richardson Co
JOHN P. BROWN, of Brown & De Bossett
JAMES W. PHILLIPS,
| A. LACHAISE, of Lachaise, Fauche & Co.
CHAS. II. DABNEY, of Duncan, Sherman & Co.
VIM LOESCHIGK, of Loeschigk, Wessendonk Co.
GEO: GRIsWoLD, JR:, of n. L. G. Grswod..
n. CHANDLER, of J. Munroe Il Co., Paris
SAM'L d. BABC0CK, of Babcock, Bros 4 Co.
l.. H. BRIGHAM, of Brigham Il Parsons
| CHAS. STRECKER, of Kunkemann & Strecker.
JAS NJ BROWN, of Brown Bros. & Co.
II. F. sPAULDING, of spaulding, yoil x Fuller.
! WM. G. LANE, of VIM. G. Lane Il Co.
ROBT. SPEEDING, of SPEEDING & Howe.
SAM BATES, of Stone 4 Co.
| J. b. JOHNSTON, of Boorman, Johnston & Co.
VIM. NJ EVARTS of Butler, Evarts & Southmead.
f. 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.
lanes lanes, Bernard S17A Of Bernhard Hutton
FRED'K c. GERHARD, of Schuchardt Gerhard
J. LEAYCRAFT, of Leaycraft g. Co.
SAML. B. CALDWELL, of Brewer Caldwell.
GEO. ", JENNINGS, of Hennings, Muller l. Gesling
f. L. TRENHOLM of ,no Fraser Co, Charleston 8. C
TH0S. B. CURTIS, Boston.
President
RICHARD LATHERS
VicePresident
JOHN A. PARKER.
I'd Vice President,
JAMES F. COX
Secretary,
DOUGLAS ROBINSON.
Great Western Buildings, Nos SO and IS Pine street
COLIN MACKENZIE, gent in Baltimore,
Office, Commercial Buildings,
f22 If Corner Gay and Lombard SITS
OFFICE OF THE SUN MUTUAL IN
" sURANCE COMPANY
NEW YORK Ocr 90 1857
THE FOLLOWING STATEMENT OF THE AFFAIRS
OF this Company, published in conformity with the
tba1 IF Act