New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1872-01-31

@s. INSURANCE. :,
MERCHANTS MUTUAL INSURANCE
COMPANY OF NEW ORLRANa
No. 1O4 Canal street.
SEVENTEENTH ANNUAL STATRMKNT
In conformity with the requirements of their
charter. the company publish the following stated
ment
Premiums received during the year ending May
81, 1871. including unearned premiums Of the
previous year
IN hre risks. @7S7,S73 60
On marine risks. 1905 81
on IlSof SSSooV -
Total premiums. 81, l0l ,069 81
Less uneaned premiums. ........... 222,425 90
Net earned premiums May 81, Ill.,. ss7a,s $40 81
Losses paid
On nre rlsks. ...paZ3ID 81
On marine risks. $3.50 u
On river risks ............ H,s9l 63
Total. sl22
Ta1es.. 1921 II
Reinsurance and return
premiums. ............ DOoz 81
Total. ..,...s S4s 3s6 IS
Deduct interest. less ex.
peuses. $3.50 rs e6ls.lae 90
Profit ........................... eas3sO ~
The company have the following assets
Real estate. ACKNOWLEDGEMENTS. eIIo,s6s IL
City bonds Observation-Disclosures. 354O5O %
Bank and railroad stocks. ............ 374s6 %
Notes secured by mortgage. ........... 4l093
Notes secured by pledge. .............. l03596
Bills receivable. ACKNOWLEDGEMENTS. Sites ~
Premiums in course of cOllecti0n...... 62O23 s.
State bonds. 800 %
Scrip of other companies. ............ 6,ll1 50
stock Of vallette Dry Dock Company. 1890 %
Stock Of Levee Steam Cotton Press. $500 %
Stock Of Marine Dry Dock and Ship
Yard Company. 800 90
Barbor Protection Company ........... 1,5O0 90
Mortgage bonds Grand Lodge of Louisi.
ana.................... 5000 90
Mortgage bonds Turner's Association. 1000 90
Mortgage bonds Odd Fellows Hail.. 500 %
Stsck Opera House Association. 5000 %
Judgments. OBSERVATION-DISCLOSURES. 1874 10
Cash on hand. ACKNOWLEDGEMENTS. 3sI, a6s ss
Total assets. ,180 u
Less-Unclamed interest
and interest payable
July next all out
standing scrps of the
company. ............. e.3,7V 30
Issues of scrip for the
years 1863, 1864 and
1865, payable in July. 1880 %
Unearned premiums on
May 81. ls7l........... 222,42s 90 s4sl ,os7 80
o.. oo2.lsl q
The above statement is Q just. true and c0rroUt
transcript from the books Of the company.
P. FOURCHY President.
CIV. MOTT. Secretary.
STATE OF LOuIsIAHA,(
Parish of Orleans, City of New Orleans
| Of June 1871.
JOSEPH CUvILLIRR, Notary Public
| At meeting of the Board Of Directors, held On
tho third day of June 1871, it resolved to do
clare q scrip dividend Of thirty per cont the net
earned participating premiums for tho year end
ing thirty first of May, 1871 fer which certificates
will be issued and after the first day Of August
next. Also. to pay and after the second Mon
day in July next the whole Issues Of Scrip for the
years 1863 1864 and 1885, and six per cent interest
Oh all outstanding scrip of the company.
DIRECTORS
P. Foxrchy, L. p. Generes,
P Maspero P.s WiltE,
D. McCoard, S.Z ReH,
NJ. Puig, Joseph Hoy,
IA. Chaffraix, Charles Lsftte,
| je4 ly J. J. Fernandez.
NEW ORLEANS MUTUAL
INSURANCE COMPANY.
Once Corner of Camp and Canal Streets.
ASSETS DECEMBER 81, 1870, $500 74s 07.
| Insures fire. marine and river risks dividing the
profits on each department separately Es to the IN
NV. HINGES, Secretary.
A. Rochereau, Placide Forstall,
@. W. Babcock, Augustus Reichard,
A. Schneider Ernest Miltenberger,
+. Ba iii Blanchard, j.Tuyes
myl2ly
CRESCENT MUTUAL
SURANC MPANY
Twenty.secoud Annual Statement.
| NEW ORLEANS, May l9. 1871.
The Trustees in conformity to the charter, sub
| nit the following statement OF the affairs Of the
| company on tine thrtieth day of April 1871:
| Fire premiums Or the year. s 1870 573 50
| Marine premiums for the year 7O,l9s 81
| River premiums for the year. 222,613 SO
| Earned premiums, less reinsurance aud
return premiums Observation-Disclosures. $4,000 %
Losses paid and estimated follows
| On fire risks ...... $45,7S9 95
| On marine risks. 1885 %
| On river risks..... T2639 IS
- 8 10. 634 -
Taxes paid and estimated. -. $3.50 81
Discount in lieu of scrip,
stamps, expenses, inter.
est account, etc, less dis
count etc. ............... 81, lO3 50
- 23l ST.
Leaving net profile. &l68, 4S3 %
The company has the following assets:
| Bills receivable. ............ S24,389 III
| Loans Oh bond and mortgage 81, Jas 80
| -sl l6,sa2 ~
| Loans pledge of stocks at
| call. 236, 7l6 66
| OaE ~