Daily Democrat and news. [volume] (Davenport, Iowa) 1859-1864, 1862-05-14
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OF THE CONDITION OF
Jhs Niagara Fire la.urancs Co.
IN THE slST DAY OF DECEMBER, 1861,
Y = made to the Auditor of the State Of Iowa.
NAMs AND LOCATION.
LIST. The name Of the Company is The Niagara
Fire Insurance Company, and is located in the
city of New York.
Cd. The amount Of its capital stock is 100000
Sd. do do do paid up 100000
4th.-1. Cash on hand and
Bank 12, 95
Cash in hands Of
Agents and other
persons, 1894
2O33621
2. Real Estate unencumbered,
3. Bonds and Stocks owned by
Company, as per schedule
"a" 1887 so
4. Debts duo the Company Sc
cured by Mortgages, rs Per
Schedule"B," 2l6550
5. Debts otherwise secured, as
per Schedule &C." 5000
6. Debts for premiums, $3.50
I. Ala other securities, as per
schedule"D," s,s5ol7
Total Assets of the Company, s2s7,lsl.ss
L1ABlLITIEs.
5th.-The amount OF Liabilities due
or not due to Banks or other eredi-
6th.-Losses adjusted and due,
7,h.-Losses adjusted and not due,
Sth.-Losscs unadj ustej,
9th.-Losses in suspense, waiting l5,S24N
for further proof,
1Oth-Ail other claims against the
Company 5,s00
Total Liabilities, sls7s4.27
MISCELLANEOUS.
llth.-The greatest amount insured in any one
risk, or allowed to be injured in any one block
ordinarily $4,000.
l2th.-The dividend, or dividends, declared and
paid during the past pear, $40 ,OUO.
l3th,-The Act Of incorporation, already fur
nished.
STATE OF NEW YORK,
County Of New York. CO.
Jonathan D. Steele, President, and Peter Not
man, Secretary, of the Niagara Fire Insurer nee
Company, being severaliy sworn, depose and say,
and each for himself says, that the foregoing is
fu J. true and correct statement of the Affairs Of
said Company: that the said Insurance Cong
is the bona 6de owner of at least Ono Hundred
snd Fifty Thousand Dollars of Actual Cash Capt..
tsl invested in stocks and Bonds, or in Mortgages
on unincnmbered Real state worth double the
amounts tor which the same is mortgaged; that
neither the above described investments, nor any
psrt thereof are made for tho benefit of any indi-
vidaal exercising authority in the manag cement o.
said Company; that the Mortgages shove de-
scribed have not been assigned, nor in any manner
released or impaired by the said Company, and
that they are the above described officers Of tho
i ISL SI JONATHAN D. STEELE, Pr..'.,
Subsc. ibed and sworn before me It the city Of
New York, this eighteenth day Of January,
1862, by each Of the above named deponents.
Tnos. L. THokxELL,
Notary Public for the City Of New York.
AUDITORS OFFICE, IOWA.
Des Moines, February let, 1862.
It lis hereby ccrti6ed, that on the 1st day Of
February, 1851, . sworn statement was filed in
this Office. showing the condition Of the Niagara
Fire Insurance Company, located 1T New Yors
City, in tho State Of New .rk, the LIST day Of
January, A. D., 1862. in seeordaaee with provis-
| ion of an Act Of the General Assembly of the
Insurance Companies" approved January 18th,
1857, and an act ausndAsory thereto, approved
February 9th. 1858: that said statement shows
that said Company is possessed Of tho requisite
amoant Of capital, and invested - required BY
law.
Authority il therefore given to the above
| named Company to transac' business of Insur-
ancs in tnis State in accordance with the laws
thereof, until the 3lst day If January, A. D.,
one thousand eight hundred add sixty-thrss.
It 10 also certified that Jno. L. ~wits, Of Da.
venport, has been duly appointed BY said Com
psny their lawful Agent and Attorney for the
| County Of Scot, ith full power to take risss
Of Insurance therein, and 70 acknowledgs service
Of procses, % provided BY Law, upor his flira
with the Clerk OF the District Court IN and fcs
ssid County. = certified copy Of the statsmsnt o.
Ale In this ONCE. lis farther certified that th<
attached IL . true and correct copy Of tie ID
atatemeut. .
II tsstinony whereof, have hsrsunto set N,
1haud aud amsed my zeal Of ofhce, this hrrt day
| IL. 81 s'sFs ee@@ J.W.CATfELL.
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