New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1872-02-14

INSURANCE.
NEW ORLEANS MUTUAL
IN S RANCE MPANY,
Corner of Canal and Camp streets.
TWELFTH ANNUAL sTArEMRNT-Is7l
In conformity with the requirements of their
charter, the company publish the following state
ment:
Premiums during, the year ending thirty first of
December, 1871:
On fire risks. :............ 1924 ,223 90
On marine risks.-..... 81 ,;isS 70 m
On river risks. .......... 1891 &C. $685. ,514 90
Less
Premiums unearned De-
cember 81, 1871 ......... 103,7l7 %
Return premiums ......... 1921 So ll0,738 ~
Net earned premiums. ........... s274.935 50
Reinsurances.. ............. $l3,85l %
Losses on fire risks; lot, ~ SO
Losses on marine rlsks..... 49,443 70
Losses on river risks. 20,527 Oh
Totai.. Si38, 3Ss u
Taxes, licenses
expenses, less
count. .......$I 2,a7a
Interest out
scrips .......e POTTS 90 zsea344
Fifteen per cent rebate
on ) las ,0o3 4O.......... 81, 759 So 52,9l2 IS
Profit. s2l,se2 IS
Net earned premiums. s274,s35 50
Less fifteen per cent rebate On......... l45063 40
Amount participating to profit. 772 10
Profit on fire. ACKNOWLEDGEMENTS. $1,000 80
FRONT on river. 2,l98 IL
Profit on marine. ACKNOWLEDGEMENTS. None.
Total. ......................... 1882 IS
The company have following assets:
Bills receivable (premiums) SIT 294 %
and pledgel ................e... 33l, 100 7s
Premiums in course of collection. 1881 IS
Cash on hand. 584l4 10
Bonds and stocks-cash market value . 155 499 08
ScIlps of Merchants Mutual Insurance
COmpany-cash market value. Q 800 90
Property corner Canal and Camp
streets-cash value. 5000 90
Total. 1894 $40 90
Liabilities:
Outstanding scrps 1s6l-l87o. ........ s496 265 90
Interest on scrips l86-1818 ............ 29775 80
Interest on scrip unclaimed. ........... 2,07l 90
Sixty per cent on scrip 1860 unclaimed. 2O4 90
Forty per cent on scrip 1860 unclaimed. 356 90
Twenty five per cent on scrip 1861 I'M
Reserved for unearned premiums ....... 1O37l7 90
Profits thirtyirst December Ill.,. 2l,892 SIS
Excess over liabilities. ................. 49, 4O3 As
Total 1854 ,579 80
The above statement is true and correct tran.
VIC ~ WIG J: J. TUES a1s; pres
J. W. HINCKs, Secretary.
Sworn to and subscribed before me- this tWOifth
day OF January, A. ID. l8l2
P. CHS. CUvBLLIER, Notary Public.
At meeting of the Board CT Directors held on
the eleventh day of January, 1872 it was resolved
to declare the following dividend, he net earned
participating premiums, for the year ending on the
thirty first December 1884, 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 cent on BALANCE of the issue of 1851 in cash. to
the the legal holders thereof and after the
Ond Monday Of March next
DIRECTORS:
George Urquhart NJ. Payro.
g. I. Dugazon, Placide Forstan
G. w. BabCock, Augustus RechaTd
T. Baily Blanchard. 4. Mten berger
4. Schroeder, W. B. Schmidt,
Charles Lafitte ]. Tuyes
ial9 I'm
OFFICE CT TIE SUN MUTUAL
INSURANCE COMPANY
OF NEW ORLEANS
PIPTREST ANNUAL srATEMEET
NEW ORLEANS, January n, 1871.
In conformity with the requirements of their
charter, the company publish the following state
Inent for the year ending Deceln Der 81, 1870;
Amount prenA ns for the year ending thirty first
DecemGe viz:
On Fire Risks. Glo2, $50 50
On Marine Risks. ............. 48,46S "a
On River Risks. .............. 1885 81
s2as, asa Ii
Differentiated Risks for 1885,. Ssh %
-Sr75t3a3 II
Deduct
Untermnsted Risks for 1870. s+s.sls 90
Return Premiums. 9l4 So
Het earned premiums for 1879. ..... ISIS IS
Losses paid during same period ~iz.
On Fire Risks...... S7s,s 39 90
On Marine Risks. 81, COS 81
On River Risks. 2O,s64 S. $3.50 .
Taxes. ............ l5,Sl3 ~
General Expenses. 31,0l2 70
Discount on Prem
luIns ......... lo,oSi 81
Interest on Scrps.. 474A ~
Re-insurances..... STA 38-H7sT -
Amount reserved for unad
justed losses less savings. 6,7H -
SHiT7e IS
less
Discount and interest aud
profit and loss. ............. sI,t9s 80
Net FRONT. ....................... $l3oSo NJ
The Company have the following Assets est.
mated at the lowest market cash values viz:
465 Consolidated and Railroad City
Bonds. OBSERVATION-DISCLOSURES. GS5S 40 w
6 State Bonds. ACKNOWLEDGEMENTS. $3.50 90
"A City Seven Per Cent Bonds. ........ 1880 IS
Al. 0. o. F. Bonds. Observation-Disclosures. 1000 90
Grand Lodge of Louisiana Bonds. 5000 90
IN. @. Turner's Association. ......... 1000 90
600 Shares N. 0. Gas Light Company. 5000 60
IA Shares Citizens Bank of Louisiana. $500 90
$50 Shares Union Bank of Louisiana. II 800 90
223 Shares Canal Bank"............. s372 90
60 Shares Crescent City gank......... l,2OO 90
50 Shares Louisiana State Bank. $500 90
50 Shares Mechanics and Traders
Bank. 1900 90
80 Shares Harbor Protection Company 500 90
Shares Merchants Bank. commence. 325 90
Loans on Pledge. ACKNOWLEDGEMENTS. s4s6a As
nm Da 90 M