New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1874-01-30
INSURANCE.

SUN MUTUAL INSURANCE COMPANY
Paid Up Capital, 100000.
EIGHTEENTH ANNUAL STATRMENT-FOR TIL
YEAR 1873.
Amount of premiums for the year w s 2as, 627 5;
Less untermiAated risks, and return
Pieuiumb l,809 81
Net earned premiums. 1927 767 g.
Discount and Observation-Disclosures. 44OS7 q
io'oA''''''.. w ,0oi *
Losses paid reinsurance and
unadJusteo losses. ........ $153. l59 =
General expenses and taxes. 32,l73 II
Reserve fund and dividend
on stock................. 1854 7O-24Il14 60
Net profit Observation-Disclosures. s27.7O7 is
Assets OF the company. estimated at their mar
ket value:
Bonds, stocks, loans and bills receivable 1854 1856 "a
Cash on hand and premiums in course
OF collection. Observation-Disclosures. IS, sos SO
aotal asSeIs.. $59O, 1852 "
The Beard OF Directors, at a meeting held on the
twentyfrst day of January, 1874, after setting
aside $40 900 to the reserve fund from the net
earnings of the year and paying ten per cent divi
dend to the stockholders, resolved to pay cash
dividend of TEN PER CENT on the net earned parrici
pating premiums for the year ending December 81,
1873. JAMES I. DAY, President.
HORACE CARPENTER, Secretary.
Directors for 1874.
John &. Gaines. 4. J. Hart. Henry Renshaw.
Hugh Wilson. B. Biscoe. l. N Marks,
James |. Day. George Jonas, Emory Clapp.
G. NJ. Bayly. James Byrnes. J.L. Harris,
g Macready. W. E. Seymour, Richard Flower.
j. Weis B.W, TAYLOR. &c Morris
Lionel c. Lew. ". B. Schmidt, L. Alcus,
R. 7. Torian. Scott McGehee. Isaac L. Haas.
This old and reliable company is issuing policies
on Fire, River and Marine Risks on the most favor
able terms. All losses adjusted aud settled upon
the most liberal terms, and promptly paid at their
office. No. 9! Camp street, corner of Commercial
alley. ja25
NEW ORLEANS MUTUAL INSURANCE
COMPANY,
Corner of Canal and Camp Streets.
FOURTEENTH ANNUAL STATEMENT.
In conformity with their charter. the company
publish the following statement:
Premiums during the year ending December 81,
1873
On fire risks. $4l4633 IS
on marine rlsks........ lol l8O 83
On river risks. Observation-Disclosures. 1894 Sc
Total premiums .................s 558 658 81
Less reserve for untermn.
ated risks, December 81.
1873 .....................$l lbs COS 90
Sa-i3-
Net earned premiums 42l, 30 43
Reinsurances. NATURALIZATION. 1928 9s
Losses on fire. 80. 010 3.
Bosses on marine. 67,l72 06
Losses on river.... 9,i4 9!--260 OF: CS
Expenses taxes etc. less ino
terest accOunt........... 1901 -
Commissions on agency bus:
ness. ......>....... 1898 8:
Rebate paid to the assured. 1918 ~
Semi annual interest cap
ital stock
Five per cent paid
August, 1873. s5so0 ~
Five per cent payo
able in Febru.
ary, l87a....., 5000 CO. 50 coo oo-4l1,s i4 68
~---
Reserved for unsettled ciaims....... S336l IS
The company has the following assets:
Cash..... ...,..................... $40 407 l6
Bills receivable for premiums ......... I5O77 is
Bonds, city and Others o............... i35 900 90
Stocks, Gas Company and others. ....... 675l4 so
Pledge and mortgage notes. ........... 275 1856 So
in course Of colection....... JOG go 81
suspense account. Observation-Disclosures. $3.50 70
A gency premiums for December. ii 013 20
Warrant ACKNOWLEDGEMENTS. G799 SO
Branch Office. ACKNOWLEDGEMENTS. <5A 81
Louisiana Cotton Factory .............o 1870 SO
Property corner Canal and Camp streets 1862 :.
Other real estates ACKNOWLEDGEMENTS % 532 20
Due by insurance companes............ :,aO5 IS
Total. ACKNOWLEDGEMENTS. s. TIA sos II
Oepreciaton........... 1850 "a
Cash marke: value. ............... 1915 ,944 33
LIABILITIES.
-apltal stock 500 900 90
Jntermnated risk Observation-Disclosures. l25 sos SO
interest on capital stock, due in Febris
ary.. 23,G00 00
interest and dividends uncolected ..... il,ll5 10
Bills payable. I,H6 90
;lains unsettled. Observation-Disclosures. 1851 IS
reserve. two and q half per cert on
losses. Observation-Disclosures l0,l45 81
!othl fo'o 9il oJ
The above statement is a true and correct tran |
cript from the books of the company |
}. TUYES President
J. W. HISCKs, Secretary. |
Sworn tQand subscribed before me, this ninth |
ay Of January. A. D. 1874.
=. CHARLES CUvELLIER,
Notary Public,
SO. $40 Gravier street, New Orleans
The semi annual interest dividend Of five per |
ent due first MONDAY in Febru ary, will be paid |
the stockholders On and after that date
Directors.
GORGE URQUHART. NJ. PAYRO
GALLY, PLACIDE FORSTALI.
GORGE W. BABCOCK. AUGUST RICHARD,
i. BAILEY BLANCHARD +. MILTENBERGER,
SCHREIBER, W. B. SCHMIDT
HARLES LAFITTE, J. TUYES. ial7lp
/ MEKICAN MUTUAL INSURANCE
A S SO CIA TIONs
OF NEW ORLEANS
...s.COmmercial Place.o............3
FIRST ANNUAL STATEMENT.
In conformity with the requirements Of theft |
,arter, the association publish the following
atements