Litchfield enquirer., 1859-09-22

!oot .oo1.' 'olo.oV l5,ooZ6l 1,Sl5,2l7
1851 % 1863. 99os.35 1SOl67O l,64l'222
s4s.s eo:2l sl2l seO59 sg,lo4 ass
Of the amount Of Cash received Tor
There has been paid for
| losses and expenses to
For Dividend OF 10 per cent.
pau Oh Year renewals BAT 12-e21 l7K az
Which deducted from the Cash receipts
io"'es. .................... SIT ,384.34
Amount received for inter-
est on loans last year 81 O4219
Due from Agents and Cash
deposited .,........... s,25sss- s4,sOoSz
Cash Funds. .......................s 2l, es4 SO
Of the amount charged on the books, s121 600. 50
'hefe has Deen cancelled. ........... Vi, 6SO.S8
! DaIance .......................$ $40, II
Which, with the Cash funds ~ q 6S4 %
And money loaned rs above
Makes an available Capital Of ....... s47.s44.67
RECEIPTS AND EXPENDITURES FOR THE YEAR 1850:
Received for premiums, deducting divi
Received for interest on loans last year iSsa 10
81, 1895
Deduct Losses and Expenses. ....... 2,72S.OS
Balance resulting to Fund ...... s2.71022
VI the Property insured. 81, 1O4 ,4sS
lhele has been surrendered, mostly by
expiration OF policy ................ 81, 500 16l
Remaining still insured. 81, 5s5, s24
The Company have no unpaid losses nor claims of
any kind against them
They have never made assessment and during
the past year, have paid a dividend of 10 per
cent on their renewal Of policies of insurance whi,h
they will continue through the present wear and
probably for the future.
They have bylaw which prevents the assuring
OF any risk, which, in any contingency, involves
the loss OF more than 81, 500 of propertv HING.
there can be no apprehension of any future assess.
ment. The funus OF the u mpany are loaned ON
bonds and mortgages other securities where they
can he made available at any time.
For the prevention OF fraud, and rs a protection
against over Insurance, the Company pay thy1-
lc"fAs OF the cash value OF buildings which is usu
ally, tdeducting the foundation the full value Of
the property destroyed-and Also the full cash val
ue OF all partial losses buildings, and Oh all
personal property contained therein within amount
OF the insurance. The Company have inserted in
their stereolyped policy a provision. by which,
i'll any case OF disagreement in relation to the loss
or damage sustained by the insured, the questions
oi''' W submitted 70 three ludlcous
th .i a, h f Isl 90 aioiia'o.S, seiec'ed 10
',,o way Iy oU'h parties OF elmer party
t W pp, ~ sh.ii pe inc auty OF tine JudGe
VI iu"u W ae!, ~ MAKE sucn appoint
.i'm " sI "" .: ~ ~li'ihs: "'er iaiI nearing
sn"i. W ina Aio n"s u'e, io"nu JUST PTomPs,
nf 81 ,nHbtfrj cbara:t., yn; l. IN 'i,;r"ss;''. =;
not extensive The tinanc,I affairs 81 M. 9,onora
nv hav, been MANAGED with thn ,mnst ,;n;d sr.'no
nv The exnenseS have hs.n ,,ns.Iv g. rsns.oI
of nolic.s and the comnsn.atnn =" .,'.,,S ~,
caeny IA Nor cant M ;n,;dantai a~,A'.S". -
rant Host.ra .md "th.r so,,';a. na., ..,t ~~.J
ill.,, %n" o'noi o.i s''e', ,,S ny
ca soso'y uUIae pei annu me hIs,oy " Me
COMPANY eA ,!. .ne lact' tna1 s'rehg'h ana eml-
neh' lespoisioi'y are necessary 70 renuer Compa-
ny prosperous, anu give 'he iuil conhuencS " ths
puOnc. chaeI the i've fears system, the ComPa-
ny oareiy existed WIN cash SURPLUS put un"s
the present system, ana lof inc last zen years. u
mas not eXpendeo ~ per cent Oh l's ahnua cash re-
celpts ana mas become one oi the strongest CCmpa-
MES IN inc state other mutual , COMPANIES charge
which they receive per cent. in cash, and the bal
ance in notes-prescnting large amount in notes
as capital. Our Company have contented themselves
with charging only the amount usually charged BY
Stock Companies, and have not made the insured
for more than they would have paid in
cash. in annual insurance. 10 estimate, therefore,
insured on the mutual principle, we have only to
add .ne t t anu a premiums SnsI