New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1872-01-27

On river risks. 33,99l So 3S5 5'i w
unearned De-
cember 81, ls7l.... lo3,7l7 90
Return premiums. ......... 1,OZl oO- llo''6 %
Net earned premiums. ....... s274s35 50
Losses on fire risks........ lO4 1877 Sc
Losses marine rsks..... 49,443 rs
Losses on river risks. 2O,527 "a
Total. $l8s,55s SO
Taxes, licenses,
expenses less
count. .... sl2s47 81
Interest on out
scrips .......s POTTS 60 1884
Fifteen per cent rebate
on $145 ,O63 4O.......... Fl 759 So 252,el2 IS
Profit. ............................. SCI 1872 s.
Net earned premiums. s274, 1885 50
Less fifteen per cent reba.e On...... l4S, O63 Az
Amount participating to profit sl2972 10
Profit on fire. $4,000 80
Profit on river. 279s II
Profit on marine ....,....,..... None.
Total ...................,......... $2ls IS
The company have following assets:
Bills receivable ipremiums). .......... $l72s4 %
and pedgel. .........'.........'. 33l, $50 IS
Premiums in conrse of collection. ...... 1891 IS
Cash on hand. ......................... 584l4 &c
Bonds and stocks-cash market value. Isl, 499 O8
CompanyNcash market value - 1890 90
Property corner Canal and Camp
streets-cash value. 55,O0 w
Total. $50, SIG 80
OUTSTANDING scrips 1eel-,s7o. s4s6 ,2s5 90
Interest scrips 186l-1876. 29,115 so
Interest on scrip unclaimed ............ 2,O1l OO
Sixty per cent on scrip 1860 unclaimed. 204 20
Forty per cent on scrip 1860 unclaimed. $50 w
Twenty-Five per cent on scrip 1861 I'M ~ m
Reserved for unearned premiums 103,1l1 20
Profits thirty first December lS7l...... 2l,8s2 S.
Excess over liabilities. .............. 39,4o3 10
Total. s6s4, 57s 80
The above statement is a true and correct tran
% 'p' '''''' WV '' ' j. TGYES, President.
J. W. HNCKs Secretary.
Sworn to and subscribed before me, this twelfth
F. CHS. CUVELLIER, Notary Public.
At a meeting of the Board CT Directors, held on
the eleventh day of January, 1872 it was resolved
to declare the following dividend on the net earned
participating premiums for the year ending on the
thirty-rst of December, 1871 for which certificates
will be issued on and after the second Monday OF
March next, viz:
THIRTY PER CENT ON FIRE PREMIUMS.
TEN PER CENT ON RIVER PREMIUMS.
1t was also resolved to pay six per cent interest
on all outstanding certificates of scrip and thirty
per balance of the issue of 1861 in cash, to
the the legal holders thereof, on and after the
Ond Monday of March next.
DIRECTORS:
George Crquhart. NJ Payro,
&. T. Dugazon, Placde FOrstall.
G. w. BabcOck. Augustus Reichard
T. Baily Blanchard L. Miltenberger,
A. Schneider, W. B. schmidt,
ia G5ef VI LATTE j. ruyeS'
OFFICE OF THE sun MUTUAL
INSURANCE COMPANY
OF NEW ORLEANS,
Camp street................61
FIFTEgNTB ANNUAL STATEMENT
NEW ORLEANS, January n, ls7l.
In conformity with the requirements of their
charter the company publish the following state
ment for the year ending December 81, 1870:
Amount ofpreniums for the year ending thirty erst
Decembe VIZ:
On Fire Risks. &lUZV6O W
On Marine Risks. ............. n, 400 "a
On River Risks ............... u, $50 %
s22s,ss2 IL
Add
DIFFERENTIATED Risks for 1862. Ssh 90
Deduct
DIFFERENTIATED Risks for 1870. e4562 90
Return Premiums 9l4 50 -. -.
Net earned premiums for 1870. $22s sl6 IS
Losses paid during same period viz:
| On Fire Risks.... $50 90
| On Marine Risks. 81 COS 81
On River Risks. 2o,e64 as-l5o,slo %
Taxes. ............. 1875 ~
General Expenses. 37,02 II
| Discount on Prem
| iums............ 16,03l 81
| Interest on Scripa. 47.434 ~
Re-insurances...... 3,ll4 58-ll7,sV7 ~
Amount reserved for unad-
| iusted losses less savings. 6,759 o.
en-, TIC IS
Discount and interest, and
| profit and loss. ............. 1880 W -
| Net Front. ........................ Ulo,oSo "
The Company have the following Assets, est
mated at the lowest market cash values, viz:
| 465 Consolidated and Railroad City
Bonds..... ......,.................. oSSo,4s' "
6 State Bonds ACKNOWLEDGEMENTS. $3.50 OF
| a City Seven Per Cent Bonds. 1850 !:
| a. o. o. F. Bonds. Observation-Disclosures. 1000 N
! 3 Grand Lodge of Louisiana BOnds.... 1900 OK
! IN O. Turner's Association - 1000 Oh
600 Shares n. o. Gas Light Company. $4,000 On
| ia Shares Citizens Bank of Louisiana $500 "
$50 Shares Union Bank of louisiana. H. 800 OF
223 Shares Canal Bank...... 9372 o.
so Shares Crescent City Bank........ 1900 On
SO Shares Louisiana State Bank. $500 OF
so Shares Mechanics and Traders
| bdnk... ...................... iouV "
30 Shares Harbor Protection Company 1900 U
Shares Merchants Bank. 325 o.
Loans on Pledge. ACKNOWLEDGEMENTS. H,863 A
Loans on Mortgage. ................... 5245O o.
Bills Receivable. ACKNOWLEDGEMENTS. 1880 o.
Scrip of other Insurance Companiee.... 6.38l g.
State Coupons NEUTRALITY-SUSPICIOUS.. 3,457 q
Premiums in course of collection. ...... $4,000 o.
Cash on hand OBSERVATION-DISCLOSURES. 632S6 &
Including Dividends
The above statement is a just, true and cOrrec
transcript from the books of the Company.
THOMAS SLOO, President
THOMAS ANDERSON, Secretary.
STATE OF LOUISIANA, PARISH OF ORLRASs.
CITY of New Orleans.
Sworn to and subscribed before me THIS twenty
1'1' 0"' ~ ANDREW HERO, JR.,
Notary Public.