New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1870-11-26
INSURANCE,

INSURANCE.
LOUISIANA sTATR MUTUAL NsUR-
-. AxcH COMPANY.
TESTH ANNUAL STATEMENT
Tota, premiuns the year ending Sep
tems,eC %. 1870, viz III, aos II
Fire psesaiums OBSERVATION-DISCLOSURES 81 |
A61ne Premiums ............ A,3o c3 |
River premiums ........... 1,3U fe-ls', 4o9 IA
Lees prenhums returned...... sss 81
entefnlinated premiums. 49,. E2T o. isis 81 |
Losses paid:
Fire fosses OBSERVATION-DISCLOSURES" d
Marine Losses .................. 3rI56 81
River losses. 958S ss- 1906 50
Reserved for unsettled claima. 900 %
Reinsurance ................... 61o9 81
Fifteen per cent rebate 6196 o6
Tsxcs and internal revenue. 4Ss8 Oh
Kxpenses, rent and interest,
lees interest and profit and
I0G6 E"lI VI SoS1 ~
Net profits. s@-ss II
The Company has the following assets:
Btlls receivable. ~
premiums in course of collection .... R,353 IA
Ioans on pledye ....... 2o5oo %
LoanS on mortgage ....................... IA,W" W
Quo hundred and fifty shares Bank Of
America. ............... 5000 %
Two hundred sheres Union Bank ........ 1000 90
Five shares Louisiana State Bank. 40 90
-Four shares vallette Dry Dock ... 500 90
Five shares Good Intent Towboat go 90
One hundred and seventeen shares Onion
Insurance Company OBSERVATION-DISCLOSURES. 800 %
Fourteen shaTes Harbor Protector Com
pans. ........................... wv W
Real sstate. .,.......... e,ooo %
Fifty-two bonds, $1,000 each, city coz.
sOiidated 4o.ee0 W
scrip sundry insurance companies . 2s,O6T 60
Two bonds CITY seven DER cents 1850 %
I,as,, on hand ,....,....... 1887 81
aubacr; ptiou not1,s $1,000 OF
Total ACKNOWLEDGEMENTS. SSl 81
The above statement Is Just, true and correct
transcript from the books Of the Company.
4 0ANUCHEAU, President.
ws,1ux Cnr1Ar, Acting Secretary.
SrArs OF Ior1sLAsA.l
E4<Ib0 O1 OIfc00es lily Va ~" SAfNsA>AS'
6worn to and subscribed before me this thir-
teenth day Of October 1870.
PAUL E. THEARD.
Judge Fourth District Court, Orleans.
The Board Of Trustees have resolved to pay Six
Per Cent interest ON the outstanding bcr1Ps, 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 30, 1870
for which certificates will be issued On and after
the 6rst Of December next
K. GANUCHBAu, President
ALBERT BALDWIN Vice President.
WILLIAM CKuzAT, Acting Secretary.
Trustees,
Elected on the twenty -sixth September. 1873.
A. Baldwin, D. Bouhgny-
G. p. Blancand. L. II. Gardner
A. Elmer Bader. J. Lapene,
O. Bercier, O. Hopkins,
sam Locke C. H. Mouton,
A. Tertrou, ". B. COnger,
Charles J. Leeds L. Bordeleis,
r. Laborde, A H. White.
All DMeza Dugas,
Emile Dupre, R.P. Theurer,
I'M. Wagner Charles Espanse
L. Moulor, A. Palacio
John Brunaso William Heyi.
B. Huff, A. Socola
Joseph Simon. q. Hermann,
Alexander Marks, J. A. Beunafon
ocl5 I'm Z. Gauucheau-
1TERCHANTs' MUTUAL
INSURANCE COMPANY
NEW ORLEANS,
aO4. Canal Street. .I04
sIxTEEYTH ANNUAL STATEMENT.
In conformity with the requirements OF theI
Charter, the Company publish the following state
Premiums received during the year ending May
a. 1870 including unearned premiums Of the pre-
vous year o on
On Fire risks. eIo-SS o.
On Marine xtBks. Hs,oo5 ~
Gu River risks. zHoaS OK
Total Premiums. -. ................sl, lS@! S
Net earned Premiums May 81, ls7e.... ess2, s52 IS
Losses Paid
On Fire risks. e295es9 e
On Marine risks .......... ao40 o.
e42l54o 81
Taxes ............. 1883 50
Reinsurances and return.
Premiums. ............... 1ASls %
e5o4423 So
Deduct interest, less ex-
po0eee. ................ S''oo W. f''f'' ~
Profit. ef1 sss 0!
The company have the following assets
aa.J x,t.te e12sp6O 9:
CRY 6On09 S-.rc ~
Bo1k and Railroad Stocks. ..........." T,4So U
Notes secured by mortgages ........... oSSoSo = y
Notes secured by pledge. ............ o1,s9 !;
Bill receivable. ........................- %
pr.nn;nms in course of collection 69,9zy p
atsSe Heu,da .............,,,..,.... l,50O o.
0cxips of other companies. LEY
stock Of valette Dry Dock Company. iSSU U
stock Of Levee steam Cotton Press....- 2,NO U
stock Of Marine Dry Dock and Shipyai,-
Company. -"
Stock OF Louisiana Equitable Life In NJ, ~
surance Company. q"
not .trS 49,. .so 5000 O
norteaee Bonds Turner's Association. 1900
NorteaRe Bonds Odd Fellows Hail.. 5000 o
Mortgage Bonds Lee Manufacturing c..n
rrASrre1f N MORTGAGE Notes - 1900 0
Or On hand .,.,.., $50, 80 0
Total assets SIS, is4