The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1874-12-18
INSURANCE..
.LlPBlySOC[ATIOI
MER1cA.
General Office, st. Louis, Mo.
President. H. w. HOUGH.
Secretary. X. PIERCE.
Actuary. EDWIN w. BRYANT

Assets January I, 1874. ,es7.
Rates Is low and equitable .as those of anv
other Company.
The ADVANCE DIVIDEND PLAN simpliAes
the Policy Contract by giving an increased in
surance Of twenty-five pr cent. during the Arst
five years, in lieu OF all other modes of applying
surplus for that time.
Under its system Of CONTINUED FULL
INSURANCE, Policy remains in force after the
discontnuance Of the payment Of premium, tos
as long as it's value will carry it; with the right
of revival At any time during the first ii
months.
Its plan Of TERM INSURANCE, with Low
than any other form of insurance.
Its system of DEPARTMENT ORGANIZA.
TIONS, in the several states where doing buai.
ness does not drain these sections of capital but
invests the net premiums among the people who
pay them.
1t localizes itself as 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 meniof 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 its Charter.
LOUISIANA DEPARTMENT.
Once Ne. 1s9 Gravier 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. Mussen, W. s. Pike,
R. NJ. Walmsley, John Chaffe,
Thomas II. Hunt, R. Pritchard,
Henry V. Ogden, John Williams,
Isaac A. Scherck, Jules A. Blanc.
General Agent, Gen. B. B. SHINES,
Good Agents Wanted. ns SIN.
NEW ORLEANS INSURANCE COMPANY
ESTABLISHED IN 1905.
Office, corner Of Camp and Canal streets.
Capital. ........-. .......-......-..9jOO,O 900 on
Insures Fire, Marine and River Risks, dividins
the profits separately on each department to the
insured.
For the accommodation Of its customers, the
Company will make Marine Losses payable il
London. J. TUYES, President.
J. W. H1ScKs, Secretary.
Geo. Urquhart, NJ. Payro,
0. y: Dugazon. Placide Forstal,
T. Bailly. Blanchard, E: Miltenberger,
A. Schneider, W. B. Schmidt,
Chas. Lafitte, .Tuyes. s25 tJal
MERCHANTS MUTUAL INSURANCE. CON
PANY OF NEW ORLEANS,
104 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 prev:
0us year:
On Fire ...................... )eea, 500 O
On Marine Risks Observation-Disclosures. s0753
On River Risks. Hl,OS
Total Premiums .................. ee13, IN >
Loss Unearned Premiums. ...... 195,90o O
Net Earned Premiums 31st May, ls73.... t719,191 q
Losses paid
On Fire Risks. 1868 616 66
On Marine Risks. ............. 3,305 y
On River Risks. .............. 59,625 y
Taxes and Expenses less In
terest. ...................... 3,36l
Reinsurance, Return Premium
and Profits and Loss. 60,346
Reserved for Unadjusted Losses 5000 o.
Profit. slos,7 es Il
The Company have the following assets,
Real Estate Sa44, as s.
City Bonds 3o9032 s.
Banks and Railroad Stocks. q, 1se q
Notes secured by mortgage. ............. 36477e z
Notes secured by pledge. .........-..-.. 12os35 q
Bills receivable. .............-........ 4a670 o.
Premium in course Of collection los ~
State Bonds. ........................ 1900 q
Insurance Stock. ACKNOWLEDGEMENTS. 1880 o.
Stock Vallette Insurance Company. 2o600 o.
Stock Of 1evee Steam Cotton Press. 3,7s5 q
~ ~. - Git -