The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-12-22

/ INSURANCE.
NINTH ANNUAL STATEMENT
FACTORS, AND TRADERS INSURANCE
COMPANY,
CarondeIet Street 37
NEW ORLEANS, May 90, 1875.
The Trustees in conformity with the charter of the
| Company publish the following statement of its
affairs the year ending April 30, 1875, to wit:
PREMIUMS FOR YEAR.
| On Fire Risks 1850 073 80
| On River Risks...--.-----.- 231 229 Is
On Marine Risks.-....-... AIS IL $685., 419 SO
LESS
/ DIFFERENTIATED premiums
3Oth April, 1s75..-.-..-- s9,742 90
Net earned premiums. 1886, 1852 40
| Losses PAID, To-wIT:
On fire risks S134 1861 30
River risks. 126, 4S2 SO
Marine risks I 800 65-s269, ITO So
Re-reinsurance. $1,000. 1860 %
Rebate returns-.-.--. Is 492 81
State and city taxes 22,61e As
Gross expenses home office
and agencies. SO, 800 81
Profit and Loss. --... 10 OBJ 40 = 1890 $50 So
Balance. Observation-Disclosures. s145 1863 Sc
Add interest and discount and savings
received .. 1o5o54 81
ss5o2a4 SO
Less first semi. annual interest on CAPT.
tai stock paid and second now due 10000 90
Net profits. OBSERVATION-DISCLOSURES. 14O,as4 50
Less reserved for shrinkage in invest
ments. G,O94 53
Balance to be divided on net premiums
Of 1S74-5 and unearned of 1S73-4... S117, 100 90
The COMPANY HAVE THE FOLLOWING ASSETS TC-WIT
Cash on hand 1894 4S3 Is
Accounts in course of col
lection. 5O32s Al
Bills receivable for loans on
bonds 522 1923 o.
Bills receivable at shors
dates 3s011 As
Bank and other stocks. 21s, 103 SIS
Stocks of City Railroads. :. 1888 66
City and other bonds 1l0,6Sl 90
Bonds of Masonic Grand
Lodge of Louisiana 5000
Bonds of Odd Fellows Hall
Association. 5000 90
Bonds of Association for
Relief of jewish Wild
ows and Orphans 1000 90
Real estate. ........... Obs 00-sl, 466 215 IS
LIABILITIES
Capital stock. ,100, 600 90
Reserved for DIFFERENTIATED
Risks. ...-..---. S9,742 90
Unpaid dividends fnciud-
ing interest and pre-
MUM dividends April
80, 1879 .-...--..--. 1T 655 %
Contingent Fund (surplus 11SS1S 65-$1, 1856 215 IS
The foregoing is true and correct transcript from
ED. A. PALFREY, President.
THos. F. WALKER, Secretary.
STATE OF LOUISIANA, |
Parish of Orleans, City of New Orleans. |
Sworn to and subscribed before me- this 22d day of
May, 1875
EDWARD IVY. Notary Public. |
At special meeting OF the Board of Trustees, held
the twentieth inst it was resolved to pay on DE-
MAND a SECOND SEMI-ANNUAL interest of
FIVE PER CENT to Both April 1875, making ten
per cent per annum on the CAPITAL STOCK of the
Company, 81, 10G, 000) and CASH DIVIDEND of
TWENTY-FIVE PER CENT, to Stockholders on
the amount (S47l 1863 49, of their net participating
premiums for the year ending Both april 1875, and
of their unearned participating premiums for the
year ending 30th April 1874
ED. A. PALFREY, President.
THOs. f. WALKER Secretary.
MOSES GREENWOOD Vice President
TRUSTEES
Moses Greenwood X. M. Walmsey,
w. A. johnson, A. Brittin
John /. Noble, A. III. May
John Chaffe, S. H. Snowden,
Richard Mlken, L. Lytt Lyon,
Samuel E. Moore VIM. G. Raymond
j. L Warren James S. Prestidge
R. T. Buckner, Samuel F.. Boyd,
Sam1 Friedlander. Joseph McElroy,
A. A. Yates 4. b. Wheelock
John l. Adams Cyrus Bussey,
Isaac Scherck VIM. j. Behan
3. f. Esheman. my23 I'm