The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-08-03

INSURANCE.

-o-co-o.ooI~>oOooo-O~
MERCHANTS MUTUAL INSURANCE COM
PANY OF NEW ORLEANS
1O4 Canal Street.
TWENTY FIRST ANNUAL STATEMENT.
In conformity with the req urements of their char
| ter the Company publish the following statement:
Premiums received during the year ending May 81,
| 1875, including Unearned Premiums Of the previ-
GUS year:
On Fire Risks. 1865, 621 05
On Marine Risks ACKNOWLEDGEMENTS. 50 $50 10
On River Risks Observation-Disclosures. 55,9e3 Os
Total Premiums. s67s, 16o %
Less Unea1ued Premiums. 121, 1853 90
Net Earned Premiums slst May, 1875. $3.50, 6s2 %
Losses paid
On Fire Risks 257344 Al
On Marine Risks 477e2 "A
On River Risks ------ G344 10
1881 47o 90
Ia1es "A po;,rr pra. '''oos %
Expenses and fifteen Per cent
i''"'' '''' - 454,a6o 81
Profit sloa 49, Sc
Real ang r xHMpAns law sesa s14 4s
1Itv Ronds ZIG ITO 90
4,
Notes secured by mortgage and pledge. 2.'2y 90
Bills receivable -----.-.-.-.. c.'.a. W W
Premium in of collection. ~ aoa IS
INSURANCE Stock. NEUTRALITY-SUSPICIOUS.. 1924 46
Stock Of Vallette Dry Dock Company 1000 90
Mortgage Bonds Turner's Association. 1900 on
Mortgage Bonds Odd Fellows Hail.. a00O w
Cash on hand ..,.. les 5S7 20
a.> t1,2a,sss IS
The above statement Is . lust, true and correct
transcript from the books Of the Company a
!" STATE OF LOUISIANA,
Parish of Orleans city of New Orleans.
Sworn to and subscribed before me the 18th day Of
June, 1875 JAMES FAHEY, NJ r.
AT meeting of the Board of Dire ters held on the
Stockholders demand, interest at the rate of 10
per cent per annum on their stock.
p Maspero, Ed. Toby
D. Fatjo, P. Fourchy,
S. 2. Relf M. w. Smith,
T. l. F. 8 G Chasfea;, + n f sIsn
Chas LATTE. je16 rs 1y
NEw ORLEANS INSURANCE COMPANY-
Corner Canal and Camp streets.
TTTEENTH ANNUAL STATEMENT.
In conformity with their charter the company pub.
nsh the following statspent:
PREMIUMS Home and Agencie., DURING THE
YEAR ENDING DEC. 81, 1874.
On IRE risks. ............... &4S5, l20 So
On Marine risks. $685. IS
On river and inland............ 94,394 So
Less reserved for unterminated
risks December 81, 1s74.... 166 sol So
Return premiums. 33,222 90
49,, s7s s6
Add interest. 1896 Il
e5o4oss 70
Deduct reinsurances. .......... a., 1903 80
q Fire losses .$161, IA SO
Marine losses. 81, 1872 -
Ri,er and in
land LOSSES. 81 AT IS
270, 0o4 II
y General expenses 55,25e %
Taxes. --..-.-.. .-........ 19,4So 90
: Commissions. $3.50 80
Rebate. .' l1.e. 50 .,ssss os
Net profits. .........-....-....... S27aos n
The company has the following ass. is
Cash. ....... $65,05O -
Premiums in course Of cellec-
lection. 92,133 n
Pledges and mortgage notes.. 211, $50 "a
Bills Receivable for premiums l2, 4e1 o.
Bonds, city and ether. ........ 13e, GIG IS
Stocks, gas and other. H,409 50
Agencies premiums in course
of transmission ............ 9,767 q
Due by insurance conpar' ss.. 1890 81
Real estate, corner CAM and
Canal Observation-Disclosures. 70662 n
Other real estate. 70532 a
Branch Office Third District,
premium in collection LOTS 70
Suspense account......-..... 3070 16
LIABILITIES.
Capital Stool. 35OO, 600 %
Reserved for unterminatsd
risks, Dec 81, 1s74........-. 16s Sol So
Interest and dividends uncol-
lected ...... 6737 Is
Claims against the company. 1888 70
Surplus more than sufficient
to cover depreciation e6o,926 n
The above statement is true and correct tran.
,cript from the books of the company.
J. TUYES, President
J. W. HINCKS Secretary.
Sworn to and subscribed before me this 18th day
# January, 1875.
JOHN LIE MONNIER,
Third Justice Of the Peace the parish Of Orleans
Az moouuk VI LILO DodIu VI DIcCuUEo, LOU Oh tno
4th inst it resolved to pay the semiannual in.
crest dividend of FIVE PER CENT. on the capital
took to the stockholders their legal representa-
ives on and after the LIST of February.
New Orleans, Jan 16, 1875.
e J. w. HINCKS. Secretary
TlHE NEW ORLEANS INSURANCE COMPANY
OF NEW ORLEANS, LA,
Corner of Camp and Canal Streets
ESTABLISHED IN 1906; Ii
ncome for year o3e 70