New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1872-01-23

INSURANCE.
MERCHANTS, MUTUAL INSURANCE
COMPANY OF NEW ORLEANS.
No. 1O4 Canal street.
| SEVENTEENTH ANNUAL STATEMENT.
| In conformity with the requirements Of the,
charter. the company publish the following state
ment:
Premiums received during the year ending May
81, 1871. including unearned premiums Of the
previous year
On tire risks. .................'.''''''' ~'''''' "
On marine risks IVS'oVo "a
| On river risks $3.50 IS
rota, premiums ............ 81 ,1ol ,o62 q
IAs. nnaarnad nrem,ums ia AZ 90
Net earned premiums, May 81, Ill.,. Ss7S640 "a
| Losses paid
| On hre risks. ........."... &AZS,1SV ~
On marine risks. .......... oSz3O ~
On river rlsks.. ........... H,7SI "
Total. ssh 1927
observation-disclosures. 1851 II
Reinsurances and return
| premiums. ....."..... 3o,oo1 81
| Total. s64s 1886 IS
Deduct interest. less OK.
| penses. ............. 1920 rs s6ls.las 60
Profit --............ e2ss SOS o.
| The company have the following assets
| Real estate e1l09 65 II
| Citv honda 25405O 90
| Rank and railroad stocks - 37456 90
Notes secured by mortgage. .......... 4lo9D
Notes secured by pledge. ............. loS'sse
Billa receivable. ......... SITES -
| premiums in course of collectien.,,. 62,O23 81
! state honda 1850 90
Scrip of other companies. ............ o,l1 ~
| stock of varetta Drv Dock COMPANY 1890 90
Stock of Levee Steam Cotton Press. 1900 %
Stock Of Marine Dry Dock and Ship
| Yard Company. Observation-Disclosures. S,7oV w
Hsrbor Protection Company ....... $500 90
Mortgage bonds Grand Lodge of LouiGi-
| ana. ACKNOWLEDGEMENTS. S,oOV W
| Mortgage bonds Turner's Association. 1000 90
| Mortgage bonds Odd Fellows' Hail.. 5000 90
| Steck Opera House Association. 5000 90
Judgments. OBSERVATION-DISCLOSURES. 1874 10
Cash on hand. ,....,............. 3sl 1862 SO
Total assets d ,4ss, 1879 s.
| Less Unclaimed interest
and interest payable
| July next all out
standing scrips Of the
| company. ............. S7S,74S ~
Issues of scrip for the
| years 1868, 1864 and
1865, payable in July. 1880 90
Unearned premiums on
Nav 81, l87l......... ~ Az 90 e48l ,057 80
sl.oo2. l3l s.
| The above statement lie . just. true and correct
transcript from the books Of the company.
P. FOURCHY, President
| G. W. MOTT, Secretary.
| Parish Of Orleans, City of New Orleans. )
Sworn to and subscribed before me the third day
| Of June 1871.
| JOSEPH CUvILLIER, Notary Public.
At meeting Of the Board of Directors, held on
the third day of June, 1871, it was resolved to de-
clare scrip dividend of thirty per cent on tho net
earned participating premiums for the year end.
ing thrty-fr of May. 1871 for which certificates
will be issued and after the first day of August
next. Also, to pay on and after the second Mon
day in July next the whole issues of Scrip for the
years 1862 1864 and 1865 and six per cent interest
on all outstanding scrip of the company.
DIRECTORS:
P Foxrchy, L.. Generes
P. Maspero, p S. Wits,
D. McCoard, S. Ref,
N. Puig, Joseph hoy,
D.. Chaffraix, Charles Laftte,
| Jelly J. J. Fernandez.
NEW ORLEANS MUTUAL
INSURANCE COMPANY.
Once Corner of Camp and Canal Streets.
ASSETS DECEMBER 81, 1870, sso2742 OF.
Insures fire, marine and river risks, dividing the
sured. J TUYES, President.
!. W. HlscKs, Secretary.
George Urquhart. n. Payro,
A. Rochereau, Placide Forstall,
| 6. ". Babcock, Augustus Reichard,
A. Schneider, Ernest Miltenberger,
T. Bailly Blanchard. .Tuyea
myl2ly
CRESCENT MUTUAL
INSURANCE COMPANY
Fwenty.second Annual Statement.
| NEW ORLEANS, May ls. 1871
The Trustees, in conformity to the charter, sub.
NIT the following statement of the affairs of the
company on the thirtieth day of April, 1871:
Fire premiums for the year. $50 572 81
Marine premiums for the year 7O,l95 81
River premiums for the year. 222,6l3 SO
- S473, $50 OF
Earned premiums, less reinsurance and
return premiums. 100000 81
Losses paid and estimated as follows
On fire risks. ...... $45 '799 IS
On marine risks. 1888 %
On river risks. 1859 IS
Taxes paid and estimated. $3.50 Il
Discount in lieu of scrip,
stamps, expenses, inter.
est account, ETC., less die
| count, ETC.. ",lC3 50
| 23l ST
Leaving net profits. e168, 453 4
The company has the following assets.
Bills receivable. ............. SA,389 II
Loans on bond and mortgage 91l43 80
ell6, $50 n