The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-08-11

INSURANCE.
NINTH ANNUAL STATEMENT
FACTORS AND TRADERS INSURANCE
COMPANY,
.CarondeIet Street 8.
NEW ORLEANS May 90, 1875.
The Trustees in conformity with the charter of the
Company, publish the following statement of it
affairs for the year ending April 80, 1875 to wit:
| PREMIUMS FOR THE YEAR.
| On Fire Risks $3.50, ORB 50
| On River Risks 23l, 29 10
On Marine Risks.......... A lie Ii $685. 419 SO
LESS
DIFFERENTIATED premiums
| 30th April, 1S15......... 89,742 90
Return premiums --..--... 9,923 90 SO 667 so
Net earned premiums. $685., 1872 40
| LOSSES PAID, TO-wIT:
| On fire risks. S134 1867 30
River risks. 126, 4s2 SO
Marine risks 800 65-s269, ITO So
| Re-reinsuTance- 1859 62
Rebate Teturns.-.--. Is, 492 81
State and city taxes. % 61S IS
Gross expenses home Office
and agencies 50 e99 81
Front and Loss 1t, 03l 40 - 1890 $50 60
Balance. s145 1863 sc
Add interest and discount and savings
received. ..................-...-. 1o5,o54 81
s25O224 50
Less first semi annual interest on capt.
tai stock paid and second now due 10000 90
Net profits. OBSERVATION-DISCLOSURES. 1924 So
ments...........-........ 1904 SO
Balance to be divided on net premiums
of 1918 and unearned of 1S73-4-.. s117, 100 90
IHE COMPANY HAVE THE FOLLOWING ASSETS TC-YIT
Cash on hand. -.-..------- 1894 4o3 Is
Accounts in course OF col
Bills receivable for loans on
pledge OF stocks and
Bills receivable at short
dates 3s,o11 as
Bank and other stocks ala,103 IS
Stocks ofCity Railroads.. 1853 66
City and other bonds 110,6S1 Sc
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 60135 00-s1 4s6 215 So
LIABILITIES
Capital stock. .....--.....$110 100 900 90
Reserved for DIFFERENTIATED
Unpaid dividends dnciud - "
ing interest and pre-
MUM dividends April
30, 1879 ...-...-...-.. III 655 q
Contingent Fund (surplus) 1lss1s 65-s 1876 215 se
The foregoing is true and correct transcript from
the books of the Company. |
Eb. A. PALFREY. President.
THos. F. walker, Secretary.
STATE OF LOUISIANA, I |
Parish of Orleans City of New Orleans. |
Sworn to and subscribed before me, this ed day of
May, 1875.
EDWARD IVY Notary Public
At special meeting of the Board of Trustees, held
on the twentieth inst, it resolved to pay DE-
MAND 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 Isl loo ,000,) and CASH DIVIDEND of
TWENTY-FIVE PER CENT, to Stockholders on
the amount (s471 769 49, of their net participating
premiums for the year ending 30th april, 1875 and
Of their unearned participating premiums for the
year ending Both April 1874.
ED. A. PALFREY President.
THOs +. WALKER, Secretary.
MOSES GREENWOOD, Vice President
TRUSTEES.
Moses Greenwood r. M. Walmsley
W. A. Johnson A. Brittin,
John /. Noble A. II. May,
John Chaffe, S. Fl. Snowden,
Richard Milliken, T. Lytt Lyon
Samuel E. Moore, VIM. c. Raymond,
]. l. Warren, James S. Prastidge,
r. T. Buckner, Samuel F. Boyd
Sam1 Friedander. Joseph McElroy
A. A Yates, E. B. Wheelock,
John !. Adams, Cyrus Bussey
Isaac Scherck, VIM J. BehaH,
B. F. Eshleman. my23 I'm