The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1874-12-22
INSURANCE.

President. ..........H. w. HOUGH.
Actuary. EDWIN w. BRYANT
Assets January 1, 1874. SIS, 119, 2s7.
Rates % low and equitable Is those Of any
other Company.
The ADVANCE DIVIDEND PLAN simpliaes
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 it's system Of CONTINUED FULL
INSURANCE, q Policy remains in force after the
discontinuance Of the payment Of premium, for
as long it's 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 busi.
ness, does not drain these sections of capital, but
invests the net premiums among the people who
pay them.
It localizes itself as A HOME INTEREST,
! 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 menlof their community, by the policy.
holders themselves, thus assuring the latter of
| an honorable and liberal dealing in their trans
| actions 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 it's Charter.
LOUISIANA DEPARTMENT.
Once No. 1s9 Gravier Street, New Orleans
President, GEN. J. B. HOOD.
First Vice President, L. F. GENERES.
Second Vice President, II. V. OGDEN.
Attorney, R. L. GIBSON.
Secretary, SAMUEL FLOWER.
N. Mussen, W. 8. Pike,
R. NJ. Walmsley, John Chafe,
Thomas 81. Hunt, R. Pritchard,
Joseph Bowling, Julius vairan,
Henry v. Ogden, John Williams,
Isaac A. Scherck, Jules A. Blame.
General Agent, Gen. B. B. SHINES,
Good Agents Wanted. n8 3m
NEW ORLEANS INSURANCE COMPANY.
ESTABLISHED IN 1905.
Office. corner Of Camp and Canal streets.
Capital. ........-. ......-........--S5OO,O Geo %
Assests, December 81, 1879. :. ..9755,S41 -
Insuree Fire, Marine and River Risks. DIVIDING
the profits separately on each department to the
For the accommodation Of it's customers. the
Company will make Marine Losses payable In
London. J. TUYES, President.
J. ". Hmcxs, Secretary.
Geo. Urquhart, NJ. Payro,
Q. T. Dugazon, Placide Forstall.
e. Re9sSsa E. En- k ss5fs:Fs
A. Schneider, W. B. Schmidt,
Chas. LATTE, ]. Tuyes. s26 tJal
MERCHANTS MUTUAL INSURANCE CON:
PANY OF NEW oRLEANA
1O4 Canal Street.
TWENTIETH ANNUAL STATEMENT.
In conformity with tho requirements Of their char
tar the Company publish the following statement:
Premiums received during the year ending Nay 81,
1874, including UneaEned Premiums Of the previ
On Fire Risk ......................... sses,sos o.
On Marine Risks. ........................ 60763
On River Risks. ...s............ M,cS
Total Prsmiums. ................... 0o15, IN ..
Less Unearned Premiums.. ........A.. 19500o g
Net Earned Premiums slst Nay, 1s7s... s79.aM n
Losses paid
On Fire Risks. Go
On River Risks. .............. 50,eS =
Taxes and Expenses less In
Rsinsusance, Return Premium
and Profits and Loss. ....... e0,3l6
Reserved for Unadtustsd Losses 5000 d
- = - o
Profit. ...... aos,7s, u
The Company have the So!lowhe assets,
Ri Ri Sst.ss ~ g. :
Ball. and Raiiro:d Mis- q
Notes secured by mortgage. 36.77o =
Notes secured by pledge. 190335 g
Bills receivable. la67o Oc
Premium in course Of collection ......... 106732
State Bonds. 1900 @
Insurance Stock ......................... 1600 &C
Stock Vallette Insurance C0mpany...... $500 @
Stock Of Levee Steam Cotton Press. ANS q
Stock Of Marine Dry Dock and Ship Yard
MORTGAGE Bonds Turners' Association. 1000 %
MORTGAGE Bonds Odd Follow HAn...... 5000 M
Cash on hand. ........ 1859 q
N,3ss7ol n
The above statement u lust md correct tzas.
script from the books Of the Company.
PAUL FOURCHY, PfeGidmt
g. ". Mort, Secretary.
STATE OF LOUISIANA
Parish Of OrleanA city Of New OrieaaA !
Sworn to and subscribed before me the 9Th day q
juno 1874 p. CHS CUV1LER,
Notary Public, 40 0ravier streek
The usual ten Per cent interest - payable - ~
stockholders On demand.