New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1859-08-11
MERCHANTS, MUTUAL INSURANCE COMPANY
OF NEW ORLEANS.
Fifth Annual Stntem emit.

4
| Fifth Annual Statement.
In conformity with tho requirements Of their chsrtar te
Company publish the following statement:
Amount Of unearned premiums on slst Of May
Amoant received for the year end sNes'' W
Ing Sist of May 1859:
On Fire Risks. observation-disclosures. .$sss sH 60
On Marine Risks l47ol 64-sssl SO o.
Total , premiums M n,.n,, "
Return premiums Hz21 i1-sa:s $50 IL
Nstearnsd premiums sst May 1852 $3.50 SIS 70
IN Ere RISKS. .$42S 416 So
g. Marine H'sia ID Iasss
Ten pc, cent returned. 'e ffi sts y
Interest payable on scrps on 1857 and
Re-insarances and expenses less inte 1880 ~
1874 93-x67 5A "A
Net profits .Ig7el IS
Net Net earned ssInsa prsmiu n1,s %
been returned. 1880 10
Net earned premiums participating in the prohs %
The Company have the following assets:
"
s. B;:' &: s::iss: III sss;:; #
... ,.,.,,. .o-,. =, ,o.- .slo7s,as0 80
Interest payable scrips ISL and 1855 ss u zsoo 40
Total amount of assets. ss6s, s5g Is
STATE OF LOUISIANA f.,
Parish Of Orleans City of New Orleans. !
be remembered that on this day, June g. 1882 before me-
the subscriber Justice of the and for the city aore
said personally appeared JOHN PEMBERToN. President
and CHARLES LEsAss1ER, Secretary Of the Merchants
Mutual Insurance Company Of New Orleans being duly
n0Ydj N Lass Il
lust true and correct transcript from the
Of said Company.
JOHN PEMBERToN, President.
CHAS. LEsASSIER, Secretary,
swern to and subscribed before this day June 1882
ARTHUR sAUCIER,
Third Justice the Peace for the Parish of Orleans
special meeting the Board of Directors held this day.
It was resolved to declare scrip dividend of rs per
the net earned premiums Of the Company year ending
on the sst OF May 1889 for Which certificates will issued
on and after the LIST Of August to redeem on and
sitter the second Monday July next balance Of the scrip
OF 1851 with per cent interest thereon pay per cent
interest on the scrip Of 1885,
DIRE oRs.
s. o. Nelson, gJuo, Pense,.on.
.. N. Nevins, P. Poutx,
geo. connolly, B. P. VOORHEES,,
r. Maspero, c. Honold,
Y. H. socomo, G. Mtenberger,
Jell B. o. vienaud
STATEMENT OF THE AFFAIRS
or The
STAR INSURANCE COMPANY,
For the |
YEAR ENDING MAY 81, 1884,
Amount Of Premiums received. 1O9 A
Amount Of Unearned Premiums, May 81 lS55.. ss4 90
sl7l,s4s "A |
ViS.: Premiums on Fire Risks $50, 533 So
Marine Risks......... 1903 rs
River Risks.......... % $50 IS
1898 A
Less Premiums Unearned and transferred
to next year. Observation-Disclosures. q, l76 90
Less Premiums cancelled ............... 2,lG7 81
Amount of Earned Premiums .,.......... 1859 &c
Paid Losses on Fire Risks. IS 416 %
Marine Risks............ 17,lS0 rs
River kisks.............. 4,530 80
Reserved for Losses not paid. 20,300 60
Amount Of Losses. 67,427 %
Paid 10 per cent. R. Premium
.sl7l ,9i3 "A
Less Premiums cancelled. 2,167 So
sl6s,775 SO
1897 IS
Less 10 per cent. on s2sl7s,a as
eboVe..................." 5,416 40
1851 10
Paid Rein6urances.. ACKNOWLEDGEMENTS. 2O33 SO
'aid Expenses. 20332 81
-- 1os 24 81
Amount Of Profts...... ............... 1904 %
Deduct per Resolution of 4th June, 1855
Say 10 per cent. amount of Prohts..... -433O 40
per cent. amount Of Capital (s242 100 A2lO 90
2s54o 40
NetProhts.. A7s4 40
'or Assured &........... 1882 %
For Stockholders k.....,................ 1882 "a
Amount of Premiums above. l5l 1Oe A
Less Premiums cancelled. 2l67 g.
Amount participating in Profits .......... 1884 80
The Assets of the Company |
Bills Receivable amount of Premium Notes % e73 IA
Amount OF Investments. .3034 S3 0S
s27.45s q
Cash on hand ACKNOWLEDGEMENTS. $3.50 30
Premiums Observation-Disclosures. 1896 "a
Less 10 per cent. Il. Premium. ........... 75O67