New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1870-11-20

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INSURANCE.
II oUIsIANA STATE MUTUAL INsUR-
AScg COMPANY.
TENTH ANNUAL STATEMENT
Total premiums the year ending Sep
tember 80. 1870, viz pASS' ~
Fire pre.aiums ............$52,SSs &c
Marine premiums .........'. '@''Vo ~
River pre- niums. ......... 35,3N is-le' 100 IA
Lees premiums returned...... es' "
DIFFERENTIATED premiums. 1881 w io'i1o o.
Net earned remiums. $50 81
Losses pail:
Fire losses ACKNOWLEDGEMENTS. %'r1'o o.
Marine losses. .................. o,i0o u
River losses. $3.50 - io''" ~
Reserved for unsettled claims. SOOO %
Reinsurance ..............-....' o,ZVS %
Fifteen per cent rebate 6396 o.
Taxes and internal revenue. 1883 Oh
Rxpeuscs, rent and interest,
lees interest and profit and
loss l25l7 o. 50 3o4 20
Net uros;ts 7s3 II
The Company has the following assets:
R;I,s receivable. ..................s ll43l SO
Premiums in course of collection. ...... 1858 Ia
Loans on pledge. ........................ IV'VV w
Loans on mortgage NEUTRALITY-SUSPICIOUS.. ZlooV w
One hundred and fifty shares Bank OF
AuerA .............. 5000 90
Txo hundred shares Union Bank ~ 1000 90
Five shares Louisiana State Bank. 40 90
-Four shares vallette Dry Dock. ......... 2eoo 90
Wv. shares Good Intent Towboat .... $50 90
One hundred and seventeen shares Union
Insurance Company .......:............ 1856 W
Fourteen shares Harbor Protector Com
pany.. OBSERVATION-DISCLOSURES. 'oo w
Rsa, estate. 5000 90
Ffsy-two bonds, s 1000 each, city con.
soiidated Nsoo W
Scrip sundry insurance companies 2Soo7 oo
Two bonds city seven DER cents. .. 1850 90
(,ast On hand 80 s97 81
su,,.criptiou notes. 5000 OIL
Total ''|i %
The above statement ia just, true and correct
transcript from the books Of the Company
Z. GANUCHEAU. President.
WILLIAM CRrzAr, Acting Secretary.
STATE OF LOUISIANA
Parish of Orleans, City Of New Orleans
sworn to and subscribed before me this thir
teeuth day of October, 1870.
PAUL E. THRARD.
Judge Fourth District Court, Orleans.
TIE Board of Trustees have resolved to pay Six
Per Cent interest on the outstanding Scr1ps, on
and 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 80, 1870,
for which certificates will be issued and after
the first OF December next.
g. GANUCHEAU, President.
ALBERT BALDWIN, Vice President.
WILLIAM CRrxAr, Acting Secretary.
Trustees,
Elected on the twenty sixth Septs nlber. 1919.
A. Baldwin, d. Boulsny,
&. P. Biancand, L. H. Gardoer.
A. Elmer Bader, j. Lapene.
@. Bercier, O. Hopkins.
Sam Locke, c. H. Aouton,
A. Tertrou, W. B. Conget
Charles J. Leeds. E. Bordeles.
F. Lab0rde, A. II. White,
All DMeza, l. Dugas
Emile Dupre, R. p. Theurer,
JIM. Wagner, Charles Espanau,
L. Moulcr, A. Palacio,
John Brunaso, William Hey
p. Hufft, A. Socola.
Joseph Simon S. Hermann.
Alexander Marks, J. A. Bennator,
oci5 i'm E. Ganueheau.
NTERCHANTs' MUTUAL
INSURANCE COMPANY
NEW ORLEANS,
lO4. Canal Street.
SIXTEENTH ANNUAL STATEMENT.
La conformity with the requirements of THEN
Charter the Company publish the following state
ment
81. 1870, including unearned premiums OF the pre-
vious year
On Fire risks. &77s279 SO
IN Marine r1sks ACKNOWLEDGEMENTS. lL4634 IS
On River risks. ACKNOWLEDGEMENTS. 2ROi3 81
Total Premiums ......................s 1l7so7 S
Less unearned Premiums ............ ISIS 90
Net earned Premiums May 81, 1870 Ss42 452 IS
Losses Paid
On Fire risks. $2e5 8s9 IS
OO k1ver risks. VI U.s. 90
S2lslo 81
Taxes Observation-Disclosures. 1859 80
Rensurances and return.
Premiums 49lA SY
sso4,423 50
Deduct interest, less ex-
penS6s. ....-............ $500 ~ Az, f31 az
Profit. ACKNOWLEDGEMENTS. S47I 1926 %
The company have the following assets:
Rea, Estate ACKNOWLEDGEMENTS. SIPS $50 9S
CITY Bonds Observation-Disclosures, I52 $40 90
Bank and Railroad Stocks. 81 456 %
Notes secured by mortgages. .......... 629555 IS
Notes secured by pledge. ............... 67,44 49
Bills receivable. ACKNOWLEDGEMENTS. 44,4l7 %
Premiums in course of collection .... 69929 Is
State Bonds. Observation-Disclosures. 1890 90
Scrips of other companies ..,.,.. 1900 Is
Stock of Vaette Dry Dock Company. 1890 90
Stock of Levee Steam Cotton Press 1890 90
Company. Observation-Disclosures. 40 %
surance Company. .................~ $50 90
lana. ...................... 5000 90
Mortgage Bonds Turner's Association. $500 90 |
Mortgage Bonds Odd Fellows Hall 49, 5000 90
Mortgage Bonds Ice Manufacturing
Judgment on Mortgage Notes 19eSS 90
Cash on hand. 3S2 s90 90 |
Total assets. ,555 l54 "a |
Unclaimed Interest and In
terest payable July next
on all outstanding scrips
of the Company ....... + los, $50 50
Issues of Scrps for the years
1861 and 1862, payable in
Uuearned Premiums on the
thirty -hrst May, ls7o..... 232555 90