The Democratic advocate. [volume] (Westminster, Md.) 1865-1972, 1869-03-25
REPORT OF COMMITTEES.
To the Pre.idsnt & Directors of the Mutual
Fire Insurance Company is Balfo. Co


To The President & Directors of the Mutual
Fire Insurance Company in Baito. Co. I;
Tho committee appointed TO examine the af-
fairs Of the Mutual Fire Insurance Company in
Baltimore county, report TO the Board and to
the membership at large, that they accepted
and entered upon this office with purpose to
discharge It's duties conscientiously and with
fidelity, and have great pleasure in saying,
that they were met by the officers Of the com
pany in a corresponding spirit, who afforded
the Committee every facility to make the ex-
animation thorough and satisfactory.
We find the Premium Note Capital has been
increased during the year In the sum Of S4l,-
3s5.l2: The loss by ere, detail Of which Is
annexed, amounted 10 ss,673.62, of which ST.
sss.ea has been fally adjusted and paid, leaving
yet unadjusted 81, $500. The assets of the
COMPANY. amounting 10 50, 9,s96.25 subject to
the unadjusted losses of the Company Of ST.
1890, are for the most part invested In un-
doubted securities, which are herewith emu
merated, and which are uniformly Inscribed in
the corporate name Of the Company, In pur-
suance Of standing order TO that effect These
assets, with tho premium notes, make up the
capital liable for and applicable 70 the pay ment
OF losses by fire, and amount In the aggregate
10 $3.50, ,2i6.79. The Committee In presenting
this highly gratifying report to the member.
ship, beg to add, as duty which they owe as
well TO the management OF the Company, to the
membership, and to the community at large,
that they have, In the examination which they
made, been inspired with the fullest confidence
in the responsibility and value of the Company,
and Of lis meritorious claim TO public patron
age. Its now nearly 20 years since its organ
isation, du ring which period its losses by fire
amounted to $llT ,4b9l4, all which have been
promptly met, not only without any assessment
upon the Premium Notes, but out Of the excess
earnings, tho sum OF SCI, ,s6S. oil has been paid
70 the membership in dividends and abatem.nts
OF Interest, and the further sum OF S2s, 696 rs
has been laid up and invested as assets to pro-
vide against extraordinary contingencies. The
Committee take occasion especially 10 commend
the Secretary and Treasurer, Mr.. Francis
Shriver, for the precision and accuracy of mis-
accounts, and the energy and efficiency OF the
administration Of his Office. The rate Of inter
est On Premium Notes for tho plesent year has
81 f PLEASANT HUNTER,
JOHN BACON,
JACOB REESE.
DIRECTORS FOR lseo.-
James L. Ridgely, President, Baltimore.
Edward Rider, Tdwsontown, p. o., BALTIC. Co.
Pleasant Hunter, Wiseburg, BALTIC. Go.
John u. Turner, Pikesyille,
John Bacon, Moakton.
David Jean, Randsllstown,
4, E. wan.lsnd, Y, Meeting House. Baltic. Co.
Henry 7. Fringer, uPpereoP. o.,
Jacob Reese, Westmlnster, Carroll eouaty.
Joshua Yingling, . I"
Jacob Campbell, Manchestcr, T"
Dr.. Thos. J. Franklin, West River, A. A. Go,
Joshua Biggs, urae.ham. Frederick county.
EXECUTIVE COMMITTEE FOR 1869.
z JAs.L RIDGELy, President. ~
Pss.s.s5 fGsas. g'ass Ss.,.. sssy Trd. l. rA,ssss
FRANCIS sHRIvER,
Secretary aad Agent,
Post 0ihce-Baltimore or wcstminster
Secretary's 0iiice, No. l, Lexingtoa st, BALTIC.
march list