The Democratic advocate. [volume] (Westminster, Md.) 1865-1972, 1869-03-11

To the Presiienf d Directors Of the MHfaal
Fire lHssraRee CempaRytR Baiso. Co.
The committee appointed To examine the at
fairs Of the Mutual Fire Insurance Company in
Baltimore county, report to the Board aud TO
the membership at large, that they accepted
and entered upon this Ofice with purpose TO
discharge its duties conscientously 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 Sll,-
$751; The loss by fire, detail OF which Is
annexed, amounted To s., 6T3.62, Of which ST.
3Ss. 81 has been fully adjusted and paid, having
yet unadjustcd Si,2s5.O0. The assets OF the
Company, amounting to s,9,6s6.lS subject to
the unAdjusted losses Of the Company Of sl,-
2S5.O0, are fer the most part invested Ia un-
doubted securities, which are herewith emu
meratcd, and which are uniformly inscribed in
the corporate name Of the Company, In pur-
suance Of Standing order TO that effect. These
assets, with the premium notes, make up the
capital liable for aud applicable 70 the pay ment
OF losses by hrs, and amount In the aggregate
10 SSss, 2t6.79. The Committee in presenting
this highly gratifying report TO the meinber-
chip, beg 10 add, a. a duty which they owe "a
well to the management Of the Company, to the
membership, and to the COMMUNITY Al large,
that they have, In the examination which they
made, been inspired with the fullest confidence
in the responsibility and salue OF the Company,
and OF It's meritorious claim to public patron
age. Itis now nearly 20 years since Its organ
ization, during which period its lesses by Dire
amounted TO Sll7 1904, all which have been
promptly met, not only without any assessment
upon the Premium Notes, but out Of the excess
earnings, the sum OF SCI, s6s.ol has been paid
TO the membership in dividends and Attachments
Il I'm Of X
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
ShriTcr, for the precision and accuracy OF mis-
accounts, and the energy aud efficiency Of the
administration Of his oiiee. The rate Of inter
est Tn Premium Notes for the present year has
been fixed at per cent M
DIRECTORS FOR 1869.
james l.. RidgeIy, President, Baltimore.
Edward Rider, fowsontown. p. o., BALTIC. Go.
Pleasant Hunter, wiseburg, Baltic. Go.
John l.. Turner, Pikesvillc,
John Bacon, Monkton,
David Jean, Randalistown,
7. &. Mainland, U. Meeting House, BALTIC. Co.
Henry l.. Fringer, Upperco y. D.,
Jacob Reese, Westminster, Carroll county.
Joshua YinglipeF, $4,000. a
Dr. Thos. ]. Frankiin, West River, A. A. Co.
Joshua Biggs, Uraceham, Frederick county.
EXECUTIVE COMMITTEE FOR 1859.
JAS. l.. RIDGELY, President
fIs asa 1' HSsrr., bs. Taasi. Fs.ssrrs
r FRANCIS sHRlvER, eaisI
Secretary AID Agent,
Post 0fice--f3alhmore or Wcstniiusters
Secretary's Office, No. !, Lexington st, Baltic.
march list