New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1872-03-09

ATERCHANTS' MUTUAL INSURANCE
COMPANY OF NEW ORLEANS.
No. 1O4 Canal street.
SEVENTEENTH ANNUAL STATEMENT.
In conformity with the requirements Of their
charter, the company publish the following state
ment
Premiums received during the year ending May
81, 1871. including unearned premiums of the
previous year
IN nre risks OBSERVATION-DISCLOSURES. $1S7573 90
VI marine rlsks. lo3,ooo o.
On river risks ......,,..,, 1850 IS
Total premiums. ............sllO l, O62 81
Less unearned premiums 222 422 OF
Net earned premiums, May 81, ls.1.... S8736lO a
Losses paid
on nre rlsks.. ........"... $429 !H) 81
On marine risks. 1920 q
On river risks. T2.ol So
Total..............s 57l 8l2 2;
Taxes. 1881 Il
Reinsurances and return
premiums. 80 1S2 8?
Total.......... ss4s 1886 3:
Deduct interest. less OK.
penses. 33250 IS s6l3 Us so
-
Profit $263 sos o.
The company have the following assets
Real estate. OBSERVATION-DISCLOSURES. SIlO965 II
City bonds. ACKNOWLEDGEMENTS. 254 $50 90
Bank and railroad stocks. ... 3745o 90
Notes secured by mortgage. .......... 4lO932
Notes secured by pledge............... lO3y5a6 8
Bills receivable. Observation-Disclosures. 57,755 43
Premiums in course of collection. e2G23 81
State bonds. ACKNOWLEDGEMENTS. 500 %
Scrip of other companies. SIP 50
stock Of vallette Dry Dock Company. 1890 90
Stock of Levee Steam Cotton Press. $500 90
Stock Of Marine Dry Dock and Ship
Yard Company Observation-Disclosures. 800 90
Harbor Protection COmpAny.... 1880 90
Mortgage bonds Grand Lodge of Louisi-
aua.......... S,Up w
Mortgage bonds Turner's Association. 1000 90
Mortgage bonds Odd Fellows Hail.. 5000 90
Stock Opera House Association. 5000 90
Judgments. ACKNOWLEDGEMENTS. 1874 10
Cash on hand ACKNOWLEDGEMENTS. 33l ,362 80
Total assets.................. 81, 49,, 1879 81
Unclaimed interest
and interest payable
July next ca al out
standing scrips Of the
company. s:a7S 50
Issues of scrip for the
years 1863, 1864 and
1853 payable in July. l.o 800 %
Cnesrned premiums
May 81, l37l........... 222,422 CO. s43l 057 90
slooa,lal g.
The above statement is a just. true and correct
transcript from the books Of the company.
P. FOURCHY, President.
g. ". MOTT. Secretary.
STATE OF LOUISIANA
Parish Of Orleans, City OF New Orleans. !
Sworn to and subscribed before me the third day
OF June, 1911
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 the net
earned participating premiums for the year end.
ing thrty-drst of May, 1871 for which certificates
vii. 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 1863 1864 and 1865 and six per cent interest
on al outstanding scrip of the company.
DIRECTORS:
2. FONrchy, L. F. Generes
P. Msspero P.S. Wiltz,
D. McCoard So. Ref
IL PUG, Joseph Hoy
D. A. Cha5raix, Charles Latte
ie4 II J. J. Fernandez.
NEW ORLEANS MUTUAL
INSURANCE COMPANY.
Once Corner of Camp and Canal Streets.
ASSETS DECEMBER 81, 1870, s8Do,.l2V7.
1nsures fire, marine and river RISKS dividing the
profits on each department separately to the in
sured TUYES President
J. ". HINGES, Secretary.
Directors.
George Urquhart, N. Payro
A. Rochereau, PIacide FOrstall.
G. W. Babcock Augustus Re:chart
A. Schneider, Ernest Miltenberger
Charles LATTE, " B. Schmidt
7. Bailly Blanchard, J. Tuyes.
myl2 ly
CRESCENT MUTUAL