New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1860-01-17

merchants.
Mr.. Hawkins takes the place Of eS.Mayor Cross
man, deceased. Mr.. Noble takes the Vacancy Of
Mr.. George Connolly. The other change il only
substituting one partner for another, as Mr.. Hoy
| for Mr.. CARROLL The board is closely identified
with the general interests of city, and It is pre-
! sumed they will always be found on hand.
The election for directors of the st. Charles Hotel
also formed one of the movements Of the day. The
following gentlemen were returned to serve as
managers for this year: Messrs. John G. Gaines,
j. Ne. Dennan, Alfred Penn, John Thornhill and
]. ". Wood. The building is under good rental at
this time. Paid last year 10 get, and ought to
pay a little more this.
We have, from time to time, alluded to the system
adopted by our Board Of Underwriters, which is
binding on all the Insurance companies Of our city,
as they one and MI are members. Foreign agencies
are not admitted, or do not become members.
Much dissatisfaction and many complaints have
been made in the country parishes. which has led
to organization Of three associations outside of the
city, for the purpose of underwriting, viz The
Shreveport Insurance. Company, the St. Mary In
snrance Company, located at Franklin, and the
Southern Mutual Insurance Company located al
Baton Rouge. The Shreveport Company had a
very brief existence IT was forced into liquidation
Mutual has been more fortunate; in fact, 1t has
proved very successful association, and made 4
very strong exhibit in its last annual statement
and being under the guidance Of skillfnl and dis
erect fnaneer and with very few losses to foot fpr
the past year, it is presumed the next statement
WILDE equally as satisfactory as the Inst We give
below the first annual statement of the st. Mary
Mutual Insurance Company. It has been very for.
tnnate. Losses paid on fire and river risks aoae.
We take It far granted, from the phraseology there
have not been any losses incurred. The statement
ought to be explicit on this point Fire losses are
not payable, generally, until sixty days after dis.
asters 1t will be . better policy, however, to
guard against the system Of prolonged credits on
premiums 1t will be observed that the amount q,
premiums for the year are s33 aa of which sl7 0of
are unpaid, Of settled By notes, and in course d
collection:
Annual Statement Of the 81. Mary Mutual Insurance
Company,
Mary sl Company as liz taaWins aien nc q
Of sls Company, N: From, II Scpeulber. lsss ID
The 5ist of l5eefn6er ss.
Premiums Fire Risks. 4ss u
- -
@ DO DO, Mtfane Hicks. G9ia Is
.,.,......s, :. -- sSs,gzi .
cenibef sst 1873 viz .ss..ss. Sli0l9 IA
Less return premiums lg2 ss
. : -- 81. aal
lss9 2,6sa
ON Fire Risks. ). III. !. 4. None
On River Risks, I. +. III None
On Marine Risks. s. y. ...... $50 Sg
- $50 So
Expenses paid during same period. ss..... 70g3 81
faid Tor real estate aG0d gu
less interest due assured ,laS IL
- SI0gss
Ns earned rfoh!s December 8lst, 1859. ltSsl
The Company have the following assets -
bills receivable fer balance due stock l2s
i,iiis receivable for premiums l6ff
I.le Tor premiums IN ceurse OF settlement
lseat estate
Gash balance on hand
--
Teal amount Of ss6 d
j. " Fnursry saeretsry ~ - - 8