New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1870-11-24

INSURANCE.
r ,otusIANA srATR MUTUAL INsUR-
AxcE COMPANY.
TENTH ANNUAL STATEMENT.
Total premiums ior the year ending Ser-s
tender 80 1870, viz ........:........$iss'@os IA
-
FIRE pre:aiums ................ @52R5s &c
3Aetne trtmiums ............. 3,36 u
River premiums. ............. $, 3W lS-lzs,s6s IA
Less prehdnms returned...... 8Ss 81
DIFFERENTIATED premiums ls,23l 60 le1l6 81
Net earned remiums.. .................$f6,SSa =
Losses paid:
f.fe Losses .....................F' y<S~ o'
Marine losses. 5,1oo "
River losses. .......... s,sss 10 10, oS3 SO
Reserved for unsettled claims. 5000 90
Reinsurance .................. o,ZO9 %
Fifteen per cent rebate 5000. 6,e96 0e
Taxes and internal revenue.... 4,S9a Cl
Expenses. rent and interest,
leas interest and profit and
loss n,5ly o. IS a54 20
Net profits SAG r98 II
The Company has the following assets:
Bils receivable. ....%li43l "
Premiums in course Of collection. r2a5a IA
Loans on pledge ACKNOWLEDGEMENTS. 20 800 %
Loans on mortgage ................... 1000 90
One hundred and fifty shares Bank of
America Observation-Disclosures. ZsoSo W
Two hundred shares Union Bank ....... 1000 %
Five shares Louisiana State Bank........ 40 90
-Four shares vallette Dry Dock........ 900 %
Five shares Good Intent Towboat........ 36o %
One hundred and seventeen shares Onion
Insurance Company ................... 1856 %
Fourteen shares HarbOr Protector Com
100 %
Real estate .......................... 5000 %
Pity two bonds, $1,000 each. city con-
soidated ............................ +;fto "
scr;p suudry insurance companies ..... 2S067 80
Two honda city seven per cents.......... 1'65o %
sOash on hand 3o,B 81
eubscr;ption notes ,,....... 5000 Of
ro.., sst,, 81, 81
The shove statement u q just true and correct
transcript from the books of the Company.
=. GANuCHEAU. President.
wlLLsAa esr1As, Acting Secretary.
A.
Parish Of Orleans, City of New Orleans.
svoxa to and subscribed before me this thir-
teensh day Of October, 1870
PAUL B. THEARD,
Judge Fourth District Court, Orleans.
Tae Board Of Trustees have resolved to pay Six
Per Cent interest on the outstanding Scrip-, on
end after the second Monday in November next,
and have further declared SCRIP dividend OF
Ninety Per Cent on the net earned participating
premiums for the year ending September 90 1870,
for which certificates will BIZ issued Oh and alter
tire FIRST of December next.
L. GANuCHEAu, President.
ALBERT BALDWIN. Vice President.
william CRuzAr, Acting Secretary:
Trustees,
Elected on the twenty sixth September, 1919.
A. Baldwin, D. Bouligny,
G. r. Blancand L. H. Gardner
"A. Elmer Badcr. J. Lapene,
O. Bercier, o. Hopkins,
Sam Locke, C. H. MoutoD.
A. Tertrou, v.B. C0nger,
Charles J. Leeds, E. BordelOs,
+. La5orde, A. H White.
AH.DMeza, Dugas,
Emile Dupre, r. r. Theurer,
JIM. Wagner. Charles Espanau,
L. Moulor, A. Palacio,
John Brunaso William Heyi,
B. Huff, A. Socola,
Joseph Simon, s. Hermann,
Alexander Marks, J. A. Eennafon,
oclsl Z. Gsnucheau
MERCHANTS MUTUAL
INSURANCE COMPANY
NEW ORLEANS,
.lO4. ....Ca Canal Street........-...lOl
stxTEKNTH ANNUAL STATEMENT.
In conformity with the requirements Of theil
Charter, the Company pubfsh the following state
Premiums received during the year ending May
81, 1870. including unearnea premiums OF the pre-
vious year
On Marine risks. E46S4 :,
sCm River risks. Z'2os3 81
Total Premiums .&l,l75JU q
Less unearned Premiums. 22 SIS u
Net earned Premiums. May 3d. ls7o..... &s424s2 S:
Losses Paid
On Pre- riaks;. .e2ss ese Is Is
On Marine rl1ks. ............. t4TeaV o.
On River rSks.. SlIVSS 10
49, ca, 50 81
Rsinsurancss and return.
prarniuuos 3,91l 50
e504,423 So
Deduct interest, less ex.
peuses. ,..,........... %, 1855 10 40. a57 4
Profit ACKNOWLEDGEMENTS. &i7l99S q
The company have the following assets:
R..l Ksta4I,. ...,... e125O6O g
.TNS~ Rcr6s " .. l3294O o.
~ snN Rs;Iroad NtOcks..,..,. 3,456 o.
Notes secured by mortgages. ........... 629,5Ss 8
1aIis recsivs hle NEUTRALITY-SUSPICIOUS., A4l7 q
rrer,;,,rns In course Of collection . 69929 q
atsta Ronds .......... l5OO o.
Scr;ra n other comnanies - 1900 2
stock Of valstte Dry Dock Company. $3.50
stock Of Levee Steam Cotton Press 2,SO U
Co ~ 100 o.
Stock Of Louisiana Equitable Life In.