The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1874-12-12

Actuary. :. EDWIN w. BRYANT
Assets January L, 1874 .$5,119.o37.
Rates as low and equitable as those of any
other Company.
The ADVANCE DIVIDEND PLAN simplifes
the Policy Contract by giving an increased in.
surance of twenty-five per cent. during the first
five years, in lieu of all other modes Of applying
surplus for that time.
Under its system of CONTINUED FULL
INSURANCE, a Policy remains in force after the
discontinuance of the payment of premium, for
as long as its value will carry it with the right
OF revival at any time during the first si1
months.
Its plan of TERM INSURANCE, with low
rates, meets the needs of business men better
than any other form Of insurance
Its system Of DEPARTMENT ORGANIZA.
TIONS, in the several states where doing bust.
ness does not drain these sections of capital but
invests the net premiums among the people who
pay them.
wherever established, not only by home invest
ment OF premium receipts, as stated, but by the
advisory direction and superintendent Of the
Department Board of Directors, selected from
the best mensof their community, by the policy
holders themselves, thus assuring the latter of
an honorable and liberal dealing in their trans.
&C tons with the Company, and of permanent
local Office for the payment of premiums, ETC.
These advantageous features, offered only by
this Company, are guaranteed in its Charter.
LOUISIANA DEPARTMENT.
Once No. 1S9 Cravier street, New Orleans
President, GEN. J. B. HOOD.
First Vice President, L. F. GENERES.
Second Vice President, H. v. OGDEN.
Attorney, R. L. GIBSON.
Secretary, SAMUEL FLOWER.
NJ. Mnsson, VS.. Pike,
R. NJ. Walmsley, John Chaffe.
Thomas II. Hunt, R. Pritchard,
Joseph Bowling, julius Vairan,
Henry V. Ogden, John Williams,
Isaac A. Scherck, Jules A. Blame.
General Agent, Gen. 3. B. SHINES,
Good Agents Wanted. nS 3m.
NEW ORLEANS INSURANCE COMPANY.
ESTABLISHED IN 1906.
Office, corner Of Camp and Canal streets.
Capital. .-.-..--- 1000 %
.Assests, December 81, 1872. :. ..$555,S41 ~
Insures Fire, Marine and River Risks dividing
the profits separately on each department to the
insured.
For the accommodation of it's customers, the
Company will make Marine %,I TGsses PAYABLE in
J. W. HncKs, Secretary.
O. T. Dugazon, Placide Forstal,
G. w. BabcOck Aug. Reichard.
7. Bailly- Blanchard, E. AIiltenberger,
A. Schroeder, w. B. Schmidt,
Chas. LATTE, J. Tuyes. E25 tJa1
MERCHANTS MUTUAL INSURANCE CON
PANY OF NEW ORLEANS
1O4 Canal Street.
TWENTIETH ANNUAL STATEMENT.
In conformity with the requirements Of their char
ter, the Company publish the following statement:
Premiums received during the year ending May 81,
1874, including Unearned Premiums Of the prevt
On Fire Risk. 369s, 800 o.
On Marine Risks. Observation-Disclosures. e0783
on River Risks ACKNOWLEDGEMENTS. IA, 035
Total Premiums. ................... oo15, IN "
Less Unearned Premiums. ............ 195,900 90
Net Earned Premiums 31st May, 1s73--.. s71s.2a1 ~
Losses paid
On Fire Risks. 1853 615 SO
On Marine Risks. ............. 633O5 y
On River Risks. 81, 625 ~
Taxes and Expenses less In
Reinsurance Return Premium
and Profits and Loss 6O,46
Reserved fog vpadiusted Losses 5000 o.
Profit. sIos, 7ea !.
The COMPANY have the following assets:
G ess1 Bsss: 81; 81 3 ::
Ssss . saa sa SS
Notes secured by pledge ...-....-..-.-. 1903 6c
Premium in course of collection 1o5,z32 ~
State Bonds. ......................... 1900 o5
insurance Stock ......... 1900 %
Stock Vallette Insurance Company 2o,600 90
Stock of Levee Steam Cotton Press...... 37S5 %
Company .. 1000 %
Mortgage Bonds Turner's Association. 1900 90
Mortgage Bonds Odd Fellows Hali...... 5000 90
Cash on hand ........ 12372 Is
e,ses, 7o4 u
The above statement il . lust and correct tran.
Jcript from the books of the Company.
PAUL FOURCHY, President.
g. W. MOTT, Secretary.
STATE OF LOUISIANA, I
Parish Of Orleans, city Of New Oreans.
Sworn to and subscribed before me tho 8th day ID
June. 1874 r. CHS. CUVELER
Notary Public, 40 E xavier street.
The usual ten per cent interest 10 payable 70 thu
stockholders on demand.